Bizbits

MUMBAI: BSES has bagged a Rs 35 crore contract from Dubai Electricity and Water Authority DEWA for enhancing its existing Jebel Ali Fre...

MUMBAI: BSES has bagged a Rs 35 crore contract from Dubai Electricity and Water Authority DEWA for enhancing its existing Jebel Ali Free Zone sub-station. Under the contract, an additional three km 132 KV cable circuit will be laid to augment the capacity of the sub-station and a new 132 KV gas insulated switchgear, 40 MVA power transformers and 11 KV switchgears and associated equipment will be installed.

MUMBAI: Rashtriya Chemicals and Fertilizers Ltd RCF has signed a memorandum of understanding MoU for the financial year 1999-2000 with the Government of India. Fertiliser production for the year is targeted at 25.18 lakh tonnes as compared to 23.02 lakh tonnes in the previous year. While sales have been targeted at Rs 2044 crore Rs 1871 crore, it has planned a gross margin of Rs 260 crore Rs 182 crore.

Toy fair in Dubai

MUMBAI: The Electronics and Computer Software Export Promotion Council ESC along with the Toy Association of India TAOI have decided to promote toy exports in a big way as there is great potential for exports to Dubai and re-export to various destinations. TAOI which is now under the umbrella of ESC recently visited the Toys Fair in Dubai. Toy exports from India during the 1997-98 was Rs 60 crore and the target for 1998-99 is Rs 100 crore while electronic exports from India was Rs 12,500 crore and Rs 18,000 crore respectively.

Today8217;s sales set to touch Rs 100 cr

MUMBAI: Today8217;s Writing Products Ltd, one of the fastest growing pen manufacturing companies, has signed Bollywood star Salman Khan for promoting its diverse product range. Rajesh Drolia, chairman and managing director, said the group8217;s turnover for the year 1997-98 was over Rs 60 crore of which 15 per cent accounted towards exports. The company is planning to cross the Rs 100-crore mark by the end of the millennium as a result of recent technical collaborations with Mon-Ami Korea for speedwriting pens and Aubex Japan for fineliners pens.

Vikrant Tyres

MUMBAI: Vikrant Tyres, a subsidiary of J K Industries, has declared an interim dividend of 10 per cent for 1998-99, thus accomplishing a remarkable turnaround. Vikrant Tyres had last declared dividend for 1991-92. It has fared well in the 9-month period ended December 1998. With the turnover at Rs 300 crore for this period, the operations resulted in a profit of Rs 17 crore.