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CBI preparing Letters Rogatory in Satyam case
The Central Bureau of Investigation (CBI), probing the Satyam Computer Services fraud case, is currently in the process of preparing Letters Rogatory, which would be vetted by the Ministry of External Affairs before being presented in the court.

Govt considering to cancel NTPC's Rs 2,000-cr order
In the face of alleged multi- crore rupee kickback, which is being probed by CBI, the government is considering cancelling power PSU NTPC’s Rs 2,000-crore contract with a Russian equipment firm.

News of the day

Sical likely to set up iron ore terminal in Mangalore
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).
Small Business

Jaypee, L&T sign Rs 4,000 cr contract for MP power project

Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore. - Pre-IPO placements back in vogue - Jaypee to invest Rs 1,050 cr in Assam cement plant - JAL gets HC nod for merger of group firms with itself - GI Security in pact with Canpro Global Services - L&T yet to take call on Mahindra Satyam stake sale - L&T asks Sebi to relax Satyam stake sale lock-in The project which is coming up in Singrauli district of Madhya Pradesh comprises two 660 MW super-critical units. While the contract for the Boiler Island has been given to L&T-MHI Boilers, the steam turbine generator has been given to L&T. The expected date of commissioning for unit I and unit II are 45 and 51 months, respectively. On the Bombay Stock Exchange, L&T"s shares closed on Wednesday at Rs 1,421.80, down 1.57 per cent.


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