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Jet Airways in focus on plan to expand international operations from November

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Jet Airways (India) said it will expand international operations from November 2014 with a view to provide connectivity from four more Indian cities to Abu Dhabi and other international destinations. Jet Airways' will launch flight services from Ahmedabad, Goa and Lucknow to Abu Dhabi and beyond from 14 November 2014, the airline said in a release.

Titan Company said its board has approved the invitation and acceptance of deposits from customers for jewelry purchases under the Companies (Acceptance of Deposits) Rules, 2014.

JSW Energy said that Barmer Lignite Mining Company (BLMCL), a joint venture between Raj WestPower (RWPL), a wholly owned subsidiary of the company and Rajasthan State Mines and Minerals (RSMML), has received environmental clearance from Ministry of Environment, Forests & Climate Change (MoEFCC) to increase the mining capacity of its Kapurdi Lignite Mines from 3.75 MTPA to 7 MTPA for 4 years.

 

Thermax after market hours on Tuesday, 23 September 2014 said that Thermax Babcock & Wilcox Energy Solutions (TBWES), a joint venture of Thermax and US based Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has received an export order from B&W PGG for detailed engineering, manufacturing and supply of selective items for two pulverized coal-fired boilers for an international project. The contract value is approximately Rs 339 crore.

Bajaj Electricals said that the engineering & project business unit of the company has bagged a new order worth Rs.108.63 crore for turnkey construction of transmission lines from Maharashtra State Electricity Transmission Co.

Manappuram Finance's board of directors at its meeting held on Tuesday, 23 September 2014, approved the commencement of business of micro financing either as a separate division of the company or by acquiring existing companies in micro financing activity. The board also approved commencement of finance against commercial vehicles. The board also approved the proposal for depository participant license from CDSL.

Arcotech after market hours on Tuesday, 23 September 2014 said that it has bagged an order from India Government Mint (IGM), Mumbai for supply of 3000 MT nickel brass coils worth Rs 157 crore with an option of another 25% order making it an aggregate order of Rs 196 crore.

Hindustan Construction Company (HCC) after market hours on Tuesday, 23 September 2014 in a clarification said that it is in discussion with several buyers along with the Piramal Group for the sale of the company's three NH-34 road projects in West Bengal. HCC said it has signed a preliminary, non-binding term sheet for Baharampore Farakka Highway project on 16 April 2014, subject to detailed technical, financial, legal and tax due-diligence and approvals from all applicable authorities. The due-diligence process is underway and is expected to be completed soon, HCC said. The company further said that it is in advanced stages of negotiation with Piramal to sign a second term sheet for Farakka-Raiganj Highways. Once again, this second term sheet will be non-binding and subject to detailed technical, financial, legal and tax due-diligence and approvals from all applicable authorities, HCC said. As required by the listing agreement, the company will inform the stock exchange after the completion of the transaction, HCC said. The company further confirmed that it has not released any specific information pertaining to the news report and if required will make necessary disclosures at an appropriate time. HCC issued the clarification with regard to news item titled "Piramal Ent Eyes HCC's Two Road Projects".

Meanwhile, Piramal Enterprises (PEL) after market hours on Tuesday, 23 September 2014 in a clarification with regard to the above news item said that the investment opportunities forming part of the company's structured investment business, includes investments in road projects, such as the project referred to in the news article. Since discussions are at preliminary stages and the evaluation is ongoing, it is difficult for the company to comment on the same at this stage, PEL said.

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First Published: Sep 24 2014 | 8:43 AM IST

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