IIBE meetMUMBAI: Maharashtra PWD Minister Vikramsinh Patankar has promised to support the activities of the National Bridge R&D Centre of the Indian Institution of Bridge Engineering (IIBE). Addressing the 6th `Most outstanding bridge national award' function organised by the association the only one of its kind in India and headed by MC Bhide AP PWD Minister Vijaya Ramarao congratulated IIBE officials for creating 12,500 pages of technical literature, 27 centres all over India and co-ordinators all over the world. Bhide said his ``dream was to create the world's bridge portal in its database in Hyderabad.''MRO-Tek IPOMUMBAI: MRO-Tek, a Bangalore-based company which provides solutions for data communications and net access, has planned a Rs 36.91 crore expansion programme. To meet the cost of expansion, the company is going public primarily through the book building route, offering 51.09 lakh shares of Rs 5 each. According to MRO-Tek, the issue is expected to open during the second half of July. DSP Merill Lynch is the book running lead manager to the issue.Of the total offer, the company is issuing 25.09 lakh new shares, while the balance 26 lakh shares are being offered by two investors in the company - Development Investment Trustee Company (2 lakh shares) and Nandi Investments, a Mauritius-based subsidiary of Commonwealth Development Company (24 lakh shares).LML profits fallMUMBAI: Scooter manufacturer LML Ltd recorded a 14 per cent decline in sales volume to Rs 729 crore and a significant drop in net profit to Rs 6.2 crore for the year ended March 31, 2000. The company's turnover for the 18-month period ended March 31, 1999 stood at Rs 1246 crore and profit at Rs 39.5 crore.
