14/07/2008
Filatex India to sale / transfer 1 MW wind power project

The board of Filatex India has approved the proposal relating to sale, transfer / otherwise disposal of 1 MW wind power project of the company.

14/07/2008
Kamdhenu Ispat Limited

Kamdhenu Ispat Ltd has informed BSE about the following: 1. The Paint Unit of the Company at Chopanki, Bhiwadi (Rajasthan) has commenced production of Kamdhenu Paints under the brand 'Colour dreamz'. 2. The Company has executed Joint Venture Agreement with Profab Steel Pvt Ltd, a Company based in Mumbai, to incorporate a Company in the name of Stelex Coating Ltd, to set up a project in Wada, District Thana, Maharashtra, to manufacture and market epoxy coated, rust free steel bars.

14/07/2008
Ram Informatics signs MOU with Karnataka Electronics Development Corporation

Ram Informatics have signed a MoU with Karnataka Electronics Development Corporation, an enterprise of Karnataka State Government, to provide jointly eGovernance solutions for the state of Karnataka. This association will bring the company new opportunities in egovernance segment in the state of Karnataka with in near feature. The KEONICS wants to expand their business opportunities in the segments where RAM Informatics is strong like eGovernance and banking. This will bring greater strengths and revenues to the company.

16/07/2008
Rajoo Engineers launches five layer thermoformable sheet line

Driven by India's huge potential in food packaging and especially the barrier packaging, RAJOO has recently launched a five layer thermoformable sheet extrusion line which can produce high barrier films with nylon / EVOH and PP / HIPS.India is a largely untapped market in thermoformed food packaging articles and with the growth of cellular families and middle class consumerism, the market for long shelf life processed food is going to grow multifold in near future.Keeping this in view, RAJOO has recently delivered a five layer barrier sheet line to an Indian customer featuring four extruders, melt pumps, hydraulic screen changers, a unitilt polishing roll stack and fully automatic Siemens touch screen line control to give an output of co-extruded barrier sheets worth 400 kg/hr.The unitilt polishing roll stack is designed for infinite adjustment from horizontal to vertical position through push button operation, thus ensuring production of variety of sheet thicknesses and polymer structures. The gap between the rollers can also be accurately adjusted thru finely threaded stud and ratchet arrangement. Digital indication of gap between the rollers adds to the ease of operation.The line is aiming to cater to the growing markets in processed food packaging with extended shelf life and can also produce lidding foils made of various polymer structures like PP / EVOH. The lamina RS3X-1410 / 1000 is equipped with a dual stroke diverter type hydraulic screen changers with common power pack for continuous filtration of the melt through rheologically optimized flow channels which minimizes residence time and pressure drop. The line is designed to produce co-extruded thermoformable sheets of nylon / EVOH and PP/ HIPS in a width of 900 mm and a thickness range from 0.5 mm to 1.5 mm.

16/07/2008
SpiceJet gets Rs 340-cr Ross funding

The board of directors of budget carrier SpiceJet has accepted US-based firm WL Ross offer to infuse $80 million (Rs 340 crore) in tranches in the cash-strapped airline. The funding was needed by the carrier to stay afloat and fulfill aircraft acquisition commitments. SpiceJet had been looking for a $100 million funding for a while now.The deal was brokered by Rothschild, the second biggest deal in the Indian aviation space after Air Deccan's acquisition by Kingfisher last year. However, the exact structure of the funding is not made known. The deal closing will take another two weeks or so and only after that will the details be made known. But all the regulatory requirements and foreign direct investment guidelines have been met in the structuring of the deal, Amitabh Malhotra, director, Rothschild, said. There is a cap of 49 per cent for foreign investors in the aviation sector. The deal has been structured in such a way that it will not trigger a open offer, which is mandatory if the stake bought is over 15 per cent in a listed company.WL Ross, which picks up distressed companies and turns them around, is likely to buy foreign currency convertible bonds (FCCBs) that Goldman Sachs and Dubai-based investor Istithmar, SpiceJet's shareholders, have in an escrow account. The bonds were issued in December 2005. Sources said that it was unlikely that any of the large shareholders in the company would lose any stake.What swung the deal in favour of Ross, according to bankers close to the deal, was the commitment to the low-cost model.Though the external environment is the biggest villain in aviation right now, SpiceJet is one of the most efficiently run airline and is a value proposition. Here is the chance to prove oneself and this gives the fund the exact opportunity to do so, Malhotra said. It is not clear as to how long Ross will stay invested in SpiceJet.

17/07/2008
Kilburn Engineering enters into MOU with Conwood Pre-Fab

Kilburn Engineering has entered into MOU on 16 July 2008 with Conwood Pre-Fab, Goregaon, Mumbai for purchase of land admeasuring about 8 acres at Dhamangaon near Mumbai, on the Mumbai-Nasik Highway at a consideration of Rs 15.90 crore. The company will set up state-of-the-art manufacturing facility at this location. The said project is expected to be operational by end 2009.Pursuant to the MOU between the company and Housing Development & Infrastructure for sale of 8.32 acres of the company's land at Bhandup, Mumbai, the Company's planned shifting of its manufacturing operations from Bhandup to new locations at Mulund, Mumbai and Taloja, near Mumbai have been completed. After completion of the project as stated above, manufacturing operations from Mulund and Taloja will be permanently shifted therein.

6. MUTUAL FUND'S SCHEME :-