Educomp Solutions

Educomp Solutions Ltd has informed that the Company has signed an Memorandum of Understanding (MOU) with Raffles Institution, Singapore. The Scope of Services would include consultancy advice & services of Raffles Institution for schools set up by the Company though its related entities. The essence of this MOU is to bring the best of global education in India. Raffles institution is the leading school in Singapore and renowned for its innovative practices and its curriculum.

Facor Steels

Facor Steels Ltd has informed that the Company has been discharged by the Board of
Industrial and Financial Reconstruction (BIFR) from the purview of Sick Industrial
Companies (Special Provisions) Act, 1985 (SICA) as per Summary Record of Proceedings of
the Review Hearing held at BIFR on August 30, 2007.

Accordingly, the Company is no more a Sick Company and is having a positive net worth of Rs 21.56 crores as of March 31, 2007.

Further, with the said discharge from BIFR, the Facor Group of Companies are now moving ahead with the envisaged expansion plans involving investment of Rs 2500 Crores for setting up a Coal based 250 MW Independent Power Plant and 0.5 Million TPA Stainless Steel Plant.

As part of its forward integration the Company (i.e. Facor Steels Ltd) is also setting up a 2000 Tons hydraulic Forge Press for production of Forge Round Bars at its existing Steel Plant with a installed capacity of 12000 MTPA. The total cost of the project is estimated at Rs 25 Crores and the project is expected to be commissioned by April 2008.

Presently the Company has a facility of making 60000 MTPA of quality Alloy Steel & Stainless Steel with two rolling mills having capacity to roll 72000 MTPA and Bright Bar facility having capacity of 10000 MTPA. The turnover and net profit of the Company for the year 2006-07 was Rs 419.77 crores and Rs 5.39 crores respectively. With the commencement of commercial production of Forged Round Bars it is expected that the turnover of the Company would exceed Rs 500 crores and profitability would also improve substantially.

HCL Technologies Ltd

HCL Technologies Ltd has announced that the Company has entered into a multi-year, multi-regional contract with Hercules Incorporated, a leading manufacturer and marketer of specialty chemicals. The scale of engagement includes end to end IT infrastructure management across datacenter, network, IT security, desktop and help desk services.

HCL has already completed the first phase of transitioning certain IT operations and is currently managing the majority of LIVE operations of Hercules' IT Infrastructure in the US. The transition of additional infrastructure support in Europe will be completed within the next month. Following the transition period, the collaborative co-sourcing arrangement is planned to comprise approximately 60% offshore and 40% on-site work distribution to help ensure 24x7 availability of Hercules' IT operations.

Anant Gupta, COO, HCL Technologies (Infrastructure Service Division), said: "We have a unique approach to IT Infrastructure Management service delivery that offers our customers enhanced value in the short term as well as over the life of the relationship. By remaining focused on our vision for transformational relationships with customers. We have been able to provide significant benefit beyond cost arbitrage to our customers. We are excited about the value we can jointly create in this relationship and are committed towards enabling Hercules to further accelerate its business growth".

HCL pioneered the concept of Remote Infrastructure Management (RIM) with a co-sourcing model of engagement, which has added substantial value to customers including Fortune 500 and Global 2000 enterprises. HCL created a new uncontested market space which today has become a leading trend. HCL is widely acknowledged as a pioneer and a leader in global delivery of infrastructure management. The Company was cited as a leader in Forrester Wave™, Global IT Infrastructure Outsourcing Q2, 2007 and was ranked No.1 'Specialty Offshore Infrastructure Services Provider' by NeolT and 'Managing Offshore' magazine. HCL has also been ranked as the World No.2 in IT Infrastructure Services by Global Services 100 Survey. The Company services 11 G100 customers and 30+ G 500 customers.

Hercules (NYSE:HPC), established in 1912, produces and markets specialty chemicals used in making a variety of products for home, office, and industrial markets. The Company has 13 research and development laboratories and 33 major plants strategically located throughout the world.

Panacea Biotec

Panacea Biotec Ltd has informed that the Company has entered into a Memorandum of Agreement (MOA) with Family Vaccines, Philippines to provide access to value added combination vaccines under the umbrella of "Easy Vaccines" manufactured by the Company, to the people in Philippines through a chain of 50 immunization clinics, run by Family Vaccines.

In this regard the Company has issued the following Press Release:

Panacea Biotec Ltd has entered into a Memorandum of Agreement (MOA) with Family Vaccines, Philippines to provide access to value added combination vaccines under the umbrella of "Easy Vaccines" manufactured by Panacea Biotec, to the people in Philippines through a chain of 50 immunization clinics, run by Family Vaccines. Panacea Biotec has been playing an imperative role in immunization through its novel and innovative, world's first fully liquid vaccine with brands such as, 'Easy Four' & 'Easy Five', for over 3 years. It has partnered with. WHO & UNICEF with a mission of supporting the cause of maximizing coverage of vaccines under the Expanded Program on Immunization (EPI) for mote than a decade.

Philippines has a birth cohort of around 2.5 million with an EPI immunization coverage of about 80%. At a GNI per capita at USD 1170 and a GDP per capita at USD 4614, Philippines has been accorded a developing country status. The global vaccine market is expected to top USD 10 billion in 2007 and USD 23.8 billion in 2012.

The MOA was signed between Mr. Rajesh Jain, JMD, Panacea Biotec and Mr. Jaime Enrique
Gonzalez, Managing Director of Family Vaccines on the platform of Confederation of Indian
Industries (CII) in Mumbai on October 04, 2007.

Speaking on the occasion, Mr. Rajesh Jain, JMD, Panacea Biotec says, "Panacea Biotec has built an innovative portfolio in combination vaccines under 'Easy' range of vaccines which has enabled it achieve a leadership position in just about two years of its launch in India. While fully liquid DTP combos would be the arena of focus to start the partnership with Family Vaccine, it would eventually work towards introduction of Polprotec (IPV) and its combination vaccines in due course. With a very strong, innovative product pipeline in immunization, Panacea Biotec is all set to venture into global markets."

Recently, on September 25, 2007, Panacea Biotec inaugurated its ultra modern, Greenfield construction, vaccine production plant at Baddi, H.P., with over Rs 100 Crore (approx. USD 25 million) investment having capacity of more than 1 billion doses per annum, to cater to domestic and global markets. With commissioning of this latest state-of-art facility, the total capacity to produce vaccines would be doubled to two billion doses pet annum.

Ranbaxy Laboratories

Ranbaxy Laboratories Ltd has announced that on October 04, 2007 the Company has received final approval from the U.S. Food and Drug Administration (U.S. FDA) to manufacture and market Clarithromycin for Oral Suspension, USP, 125 mg/5 mL and 250 mg/5 mL. The Company is the first Company to have been granted a generic approval for the Oral Suspension form along with Clarithromycin Tablets. Total annual market sales for Clarithromycin were $99.7 million with suspension sales totaling $25.3 million(IMS MAT: June 2007).

"We are pleased to receive this FDA approval for Clarithromycin for Oral Suspension, an anti-infective agent that will add depth and breadth to our product line of anti-infectives that also includes Clarithromycin tablets. RPI will be in a position to offer both dosage forms for this molecule that will distinguish Ranbaxy in the market place. This approval further expands our product portfolio of affordable generic alternatives and will he shipped immediately to all classes of trade," according to Jim Meehan, Vice President of Sales and Distribution for Ranbaxy Pharmaceuticals Inc. (RPI).

The Office of Generic Drugs, U.S. FDA, determined the Ranbaxy formulation to be bioequivalent and to have the same therapeutic effect as that of the reference listed drug Biaxin® Granules (Clarithromycin for Oral Suspension, USP), 125 mg/5 mL and 250 mg/5 mL of Abbott Laboratories.

Clarithromycin for oral suspension, USP, is indicated for the treatment of mild to moderate infections caused by susceptible strains of the designated microorganisms in a number of conditions including: Pharyngitis / Tonsillitis, Community-Acquired Pneumonia, uncomplicated skin and skin structure infections and disseminated mycobacterial infections.

Ranbaxy Pharmaceuticals Inc. (RPI) based in Jacksonville, Florida, is a wholly owned subsidiary of the Company. RPI is engaged in the sale and distribution of generic and branded prescription products in the U.S. healthcare system.

Ranbaxy's continued focus on R&D has resulted in several approvals in developed markets and significant progress in New Drug Discovery Research. The Company's foray into Novel Drug Delivery Systems has led to proprietary "platform technologies", resulting in a number of products under development. The Company is serving its customers in over 125 countries and has an expanding international portfolio of affiliates, joint ventures and alliances, ground operations in 49 countries and manufacturing operations in 11 countries.

GE Shipping

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company took delivery of its new building Medium Range (MR) Product Tanker "Jag Prerana". The 47,400 dwt double hull MR Product Tanker was built at STX Shipping Co. Ltd, Korea.

With this, the Company's fleet of 48 vessels comprises 36 tankers (14 crude carriers, 20 product tankers, 2 LPG carriers) and 12 dry bulk carriers with an average age of 11.3 years aggregating 3.29 mn dwt.

The Company's current new building order book comprises 4 LR1 Product Tankers aggregating 0.30 mn dwt.

Sun TV Network

Sun TV Network Ltd has announces the launch of two FM Radio Stations at Madurai and Tuticorin under the brand 'Suryan FM' from October 05, 2007 through its subsidiary Kal Radio Ltd. These Stations can be heard at 93.5 MHz frequency in Madurai and Tuticorin. The Programs will cater to the audience of all age groups.

With the launch of these two FM stations, the total operational FM Stations of Sun TV group goes up to 11 as it already operates FM stations at Chennai, Coimbatore, Tirunelveli, Visakhapatnam, Bangalore, Hyderabad, Jaipur, Bhubaneswar and Tirupati.

Sun TV holds licences for 45 FM Radio Stations across India, and will be one of the largest radio broadcasters in India when all the remaining 34 stations becomes operational.

i-flex Solutions

i-flex Solutions Ltd has informed that the Board of Directors of the Company at its meeting held on October 04, 2007, has taken the following decisions:

1. Approved an additional investment of upto Rs 10 crores in equity / preference share capital of, and / or a term loan to, i-flex Processing Services Ltd, India, a wholly owned subsidiary of the Company.

2. Approved an additional investment of upto US$ 12 Million in equity / preference share capital of i-flex America Inc., USA, a wholly owned subsidiary of the Company.

3. Allotted 6,300 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company. The Company is taking steps to list these shares on the stock exchanges.

4. Approved acquisition of the balance equity share capital of Castek Inc., Canada, an existing subsidiary of the Company, by which Castek would become a wholly owned subsidiary of the Company. The transaction is expected to get closed by March 2008.

Nagarjuna Construction Company

Nagarjuna Construction Company Ltd has informed that pursuant to the powers delegated by the Board of Directors at its meeting held on August 28, 2007, the Executive Committee of the Board had at its meeting held on October 03, 2007 accorded approval for allotment of 19528135 Equity shares of Rs 2/- each to M/s. Blackstone GPV Capital Partners Mauritius V-A Ltd and 718765 Equity Shares of Rs 2/- each to M/s. Blackstone FP Capital Partners (Mauritius) V FII Ltd., on preferential basis.

The aforesaid allotment of Equity Shares of Rs 2/- has been made at a premium of Rs 200.50 per share. Consequent to the aforesaid allotment the existing Paid-up share capital of the company of Rs 41,70,44,560 (divided into 208522280 shares of Rs 2/- each) stands increased to Rs 45,75,38,360 (divided into 228769180 shares of Rs 2/- each).

Intra Infotech Ltd

Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of Fortune Buildprop Pvt Ltd ("Acquirer"), has issued this Public Announcement ("PA") to the Equity Shareholders of Intra Infotech Ltd ("Target Company"), in compliance with Regulation 10 & 12 of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SEBI(SAST) Regulations, 1997") and subsequent amendments thereto.

The Offer:

The Acquirer intends to make an Open Offer to the shareholders of Target Company to acquire upto 3,23,65,740 equity shares of Rs 1/- each representing 57% of the total share capital of the Target Company at a price of Rs 4.00 per fully paid up equity share and Rs 2.00 per partly paid up equity shares ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA.

Schedule of Activities:

Specified Date - October 20, 2007

Date of Opening of the Offer - November 16, 2007

Date of Closing of the Offer - December 05, 2007

Idea Cellular Ltd

Idea Cellular Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 11, 2007, inter alia, to consider and approve the Annual Audited Financial Results of the Company for the financial year ended March 31, 2007.

Everest Kanto Cylinder

Everest Kanto Cylinder Ltd on October 03, 2007 has announced the launch of its FCCB Issue to raise US$ 35 million. The company will issue Foreign Currency Convertible Bonds Due 2012. The proceeds of the issue will be used by the company for import of plant and machinery for its operations in India, investments in its subsidiaries/joint ventures outside India, for potential acquisitions outside India and for such other purposes in compliance with the applicable guidelines issued by the Reserve Bank of India (RBI) and the Government of India. The bonds will be convertible into the company ordinary shares, quoted in Indian Rupees.

The bonds are expected to be zero coupon and will carry a yield to maturity of 7.25% per annum. The conversion price is expected to be set at a premium of 30% over the closing share price of Rs 233.35 of the company on the Bombay Stock Exchange on October 01, 2007. The initial conversion price is fixed at Rs 303.36 per share in accordance with the relevant pricing norms prescribed by the Ministry of Finance, Government of India.

The Bonds have been priced today and closing is expected on or about October 10, 2007. The Singapore Stock Exchange has given in-principle approval for the listing of the Bonds. Citigroup Global Markets is the Sole Lead Manager for the offering.

Commenting on this Mr. Prem Khurana, Chairman and Managing Director, of the Company said, "The positive response to the issue reflects the confidence that global investors have in the Company and its position in the CNG Industry

Ferro Alloys Corporation

Ferro Alloys Corporation Ltd has informed that the Company has been discharged by the
Board for Industrial & Financial Reconstruction (BIFR) from the purview of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) as per Summary Record of Proceedings of the Review Hearing held at BIFR on August 30, 2007, forwarded to us vide their letter dated September 21, 2007.

Accordingly, the Company is no more a SICK COMPANY and is having a positive net worth of Rs 83.75 Crores as of March 31, 2007.

Further, with the said discharge from BIFR, the Facor Group of Companies are now moving ahead with the envisaged expansion plans involving investment of Rs 2,500 Crores for setting up a Coal based 250 MW Independent Power Plant and 0.5 Million TPA Stainless Steel Plant.

FACOR's wholly owned subsidiary M/s. Eacor Power Ltd is soiling up a Cool based 45 MW Captive Power Plant with a capital outlay of Rs 200 Crores. Loan Rs 100 Crores from (REC) is sanctioned. This plant will be located at the existing site of the 60,000 TPA Charge Chrome Plant at Randia, Bhadrak.

FACOR has applied for a Coal Block in Orissa which is under consideration in the Ministry of Coal.

The power produced from this Plant shall be used for the production of High Carbon Ferro Chrome as may be required at Company's Charge Chrome Plant Randia in Orissa. This will not only help in reducing the dependence on State Electricity Authorities but is also likely to reduce the cost of power in the production of Charge Chrome as the Company is a power intensive industry.

The Company had a Turnover of Rs 195.19 Crores for year ended 2006-07 and Net Profit of Rs 16.09 Crores. The Turnover and Net Profit for 1st Quarter ending June 30, 2007 has been Rs 50.26 Crores and Rs 7.40 Crores respectively.

Bharti Airtel

Bharti Airtel Ltd has informed that the Company has completed all the formalities relating to the acquisition of Network i2i Ltd, Mauritius on September 28, 2007 and on acquisition Network i2i Ltd has now become the wholly owned subsidiary of the Company.

Ceekay Daikin Ltd

Ceekay Daikin Ltd has informed that the Company has decided to diversify in manufacture clutches for Two Wheeler for motor cycle. The project will be set-up at existing unit at Greater Noida Plant. The total cost of the project is Rs 24 crores. The capacity will be 1 million clutches per annum. The commercial production is expected to start in October 2008.

Further the Company has also informed that the Company has also received approval as suppliers for Tata Motors Ltd for their small 1 lakh cars. Further Company is also developing clutch for two new models of Maruti Udyog Ltd.

Zenotech Laboratories

Zenotech Laboratories Ltd has informed that Ranbaxy Laboratories Ltd (Ranbaxy) and the Company on October 03, 2007 announced the signing of Definitive Agreements, providing for an increase in equity stake by Ranbaxy from its current 7% to 45% at a price of Rs 160 per share aggregating to Rs 214 Crores. This involves:

(a) Purchase of shares from the existing Promoters
(b) Preferential Offer to Ranbaxy by Zenotech

The above triggers a mandatory open offer by Ranbaxy to other shareholders of Zenotech, at a price of Rs 160 per share or as determined by SEBI regulations.

Post the offer, the existing Promoter Group of Zenotech will have a 25% stake in its expanded equity capital. Dr. Jayaram Chigurupati shall continue as the Managing Director.

Commenting on the transaction, Dr. Jayararn Chigurupati said, "Ranbaxy's increase in stake will enable Zenotech to concentrate on its core competencies of cutting edge Drug Development and Specialized Manufacturing. Access to Ranbaxy's unmatched Global market reach, Quality & Compliance and Regulatory & IP expertise will enable us to take the business into its next phase of growth."

Zenotech has received three Indian approvals for Oncology Biopharmaceuticals i.e. GCSF (Granulocyte Colony Stimulating Factor), GM-CSF (Granulocyte Macrophage Colony Stimulating Factor) and IL-2 (Interleukin-2). For the latter two, Zenotech is the first to receive approvals in India, and has a pipeline of further seven Biopharmaceutical products in different stages, all developed in-house. It has state-of-the-art manufacturing facilities in Hyderabad, India, while its R & D facilities are in Hyderabad and New Jersey, USA.

Presently, the Global Biopharmaceuticals market is valued at app. USD 65 Bn at innovator prices and Zenotech's pipeline addresses a third of this market. The Global Oncology market is worth over USD 35 Bn and is considered among the fastest growing therapeutic segments globally. Specialty Injectables are a high value addition segment, compared with orals and Ranbaxy plans to file seven US ANDAs from Zenotech facilities in the coming few months.

ICICI Bank

With reference to the news item appearing in a leading financial daily titled "ICICI Bank to raise $ 11bn, plans major global push", ICICI Bank Ltd has clarified that, news article in financial daily is not accurate. In the current financial year, the Bank and its subsidiaries have raised approximately USD 8 billion through debt from various sources including loans and bonds. The Bank has also raised approximately USD 5 billion of equity in the current financial year. The Bank will continue to raise debt from international markets from time to time as per its ongoing requirement.

Ranbaxy Laboratories

Ranbaxy Laboratories Ltd has informed that the Company and Zenotech Laboratories Ltd (Zenotech) on October 03, 2007 has announced the signing of Definitive Agreements, providing for an increase in equity stake by Ranbaxy from its current 7% to 45% at a price of Rs 160 per share aggregating to Rs 214 Crores. This involves:

(a) Purchase of shares from the existing Promoters
(b) Preferential Offer to Ranbaxy by Zenotech

The above triggers a mandatory open offer by Ranbaxy to other shareholders of Zenotech, at a price of Rs 160 per share or as determined by SEBI regulations.

Post the offer, the existing Promoter Group of Zenotech will have a 25% stake in its expanded equity capital. Dr. Jayaram Chigurupati shall continue as the Managing Director.

Speaking on the development, Mr. Malvinder Mohan Singh, CEO & MD, Ranbaxy, said, "The increasing importance of Biologics in the Global Pharmaceutical industry and the opening up of the generic Biologics in the regulated markets, makes it opportune for Ranbaxy to enhance its presence in this area. Specialty injectables, that include Oncology products, constitute an attractive segment that underpins our strategic intent. Having worked with Zenotech for almost two years, we believe that this investment and partnership provides a strong platform for us to leverage these opportunities."

Zenotech has received three Indian approvals for Oncology Biopharmaceuticals i.e. GCSF (Granulocyte Colony Stimulating Factor), GM-CSF (Granulocyte Macrophage Colony Stimulating Factor) and IL-2 (interleukin-2). For the latter two, Zenotech is the first to receive approvals in India, and has a pipeline of further seven Biopharmaceutical products in different stages, all developed in-house. It has state-of-the-art manufacturing facilities in Hyderabad, India, while its R&D facilities are in Hyderabad and New Jersey, USA.

Presently, the Global Biopharmaceutical market is valued at app. USD 65 Bn at innovator prices and Zenotech's pipeline addresses a third of this market. The Global Oncology market is worth over USD 35 Bn and is considered among the fastest growing therapeutic segments globally. Specialty Injectables are a high value addition segment, compared with orals and Ranbaxy plans to file seven US ANDAs from Zenotech facilities in the coming few months.

Reliance Energy

Reliance Energy Ltd (REL) has informed that the draft red herring prospectus for the IPO of Reliance Power Ltd (a company promoted by REL and the Reliance Anil Dhirubhai Ambani Group) has been filed with SEBI on October 03, 2007.

In this regards REL has issued following Press Release :

"Reliance Power Ltd ("the Company") proposes an initial public offering of 1,300,000,000 Equity Shares of Rs 2 each ("Equity Shares") for cash at a premium (the "Issue") to be decided through a 100% book building process. The Issue includes a promoters' contribution of 160,000,000 Equity Shares which shall be allotted at the IPO price. The balance 1,140,000,000 Equity Shares would constitute the net issue to the public (the "Net Issue"). The Issue will constitute 11.5% and the Net Issue will constitute 10.1% of the post-Issue paid-up equity capital of the Company.

The Company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India ("SEBI") on October 03, 2007.

At least 60% of the Net Issue to the public shall be allotted on a proportionate basis to Qualified Institutional Buyers (QIBs) of which 5% shall be available for allocation to Mutual Funds only and the remaining QIB Portion shall be available for allocation to all the QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, at least 30% of the Net Issue shall be available for allocation on a proportionate basis to the retail Individual Bidders and at least 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above Issue Price.

The Company is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country.

The Issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE").

Kotak Mahindra Capital Company Ltd, UBS Securities India Pvt Ltd, ABN Amro securities (India) Pvt Ltd, Deutsche Equities India Pvt Ltd, Enam Securities Pvt Ltd, ICICI Securities Ltd, JM Financial Consultants Pvt Ltd & J P Morgan India Pvt Ltd are acting as the Book Running Lead Managers to the issue whilst Macquarie India Advisory Services Pvt Ltd and SBI Capital Markets Ltd are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A Shroff & Co. is advising the Company whilst Cleary Gottieb Steen & Hamilton and J Sagar & Associates are advising the BRLMs and CBRLMs in relation to the issue."

GTL Ltd

GTL Ltd has announced that the Company has won Network Services contract involving Turnkey Network Deployment and Operations & Maintenance Services from one of the leading Telecom operator.

This Telecom Operator has a major presence in the North and North East Telecom circles and is expanding its operations across the Telecom Circles of Bihar, Himachal Pradesh and West Bengal. The Telecom Operator has engaged the Company for Turnkey Network Services with an initial order of Rs 100 Cr (USD 25 Mn). As part of the engagement, the Company will lead manage the Project and would offer Project Management, Equipment supply, Civil and Electrical works & Professional services.

The Telecom Operator has also announced ambitious expansion plans for the growing Telecom market in India. The Operator recently received additional licenses to expand Pan India and plans to invest in excess of US $ 2 billion for the roll out of Telecom Networks in the next 2-3 years.

This contract provides for a long-term engagement between the Company and the Telecom Operator. The Company shall deploy the telecom Infrastructure and also offer Operations & Maintenance services for a period of 3 years.

The maintenance services include field level support, preventive and periodic maintenance and troubleshooting. The Services are offered on a stringent SLA basis In line with world-class network norms.

Mold Tek Technologies

Mold Tek Technologies Ltd has informed about "Clarification towards concerns expressed by some of the Investors and Analysts" as follows:

"1. There is no effect of US Sub prime issue and corresponding drop in growth of Housing in USA on our Structural Engineering KPO.

(i) Our Structural Engineering Services constitute very insignificant portion (much less than even 0.001%) of overall Engineering Services that are outsourced in USA. Hence a 5-6% drop in Construction Activity in USA will have no impact in our order flow.

(ii) In fact the Company's recent foray into high-rise commercial buildings is growing rapidly and contributing handsome growth and higher value addition (more than rupee appreciation). Our KPO revenues are growing around 100% over the last year.

(iii) Company acquired a US based Engineering Services firm which is spearheading Marketing, QC and Client Coordination resulting in getting "larger clients and projects".

(iv) Only 15 engineers out of 250 in Mold-Tek-KPO are in Residential Projects.

(v) Even if the Housing growth and Prices are coming down in USA, it will make American Builders and fabricators to save costs by choosing more outsourcing which is at present far less than 0.1% of the Market Size."

Kalptaru Papers Ltd

Kalptaru Papers Ltd has informed that the Company has entered into a Memorandum of Understanding (MOU) with Shree Satpuda Tapi Parisar Sahakari Sakhar Karkhana Ltd, Purushottamnagar, Taluka: Shahada, Dist: Nandurbar, Maharashtra to run their 100 TDP Bagasse based integrated Pulp and Paper plant on lease basis for ten years. Paper plant previously known as Satpuda Papers was producing very good quality of writing and printing paper.

Further the Company has informed that, production at the leased premises will start on or before December 31, 2007. A team of approximately 200 employees is working around the Clock to Commerce the operation with in the set deadlines. With the present set up it will be able to produce Approx 30,000 Tons of good quality of Printing and Writing paper annually.

The Company has also purchased one Tissue Paper Machine with production capacity of 35 TPD of 16 GSM paper from CAN AM MACHINERY INCM USA. The Tissue paper machine is installed at Safcom Paper Mill in Quebec city Canada. This will manufacture quality Tissue Paper and One Time Carbon (OTC) papers having huge demand in local as well as overseas market. Machine will be commissioned and installed and production will Commence by March-2008.

With these acquition, Company expect to achieve Turnover of Apprx.150 Cores during the financial year 2008-2009.

Suzlon Energy

Suzlon Energy Ltd has informed that the Company has secured a major order from DLF Ltd for setting up of a windfarm of 150 MW wind turbine capacity in the State of Gujarat. The said order comprising of 100 units of Suzlon's S82-1.5 MW turbines will be installed by March 2008.

Patel Engineering

Patel Engineering Ltd has announced that on October 03, 2007 the Company has bagged an order worth Rs 428 crore or Tapovan Vishnugad Hydro Electric Project from National Power Corporation Ltd in the State of Uttaranchal for a capacity of 520 MW (4 x 130 MW).

The scope of work includes surge shaft, pressure shaft, penstock, tail race tunnel, switch yards and power house. The project is to be completed in 48 months.

"As a conscious effort the Company is focusing itself or high margin hydro power projects. The Company is Prequalified for hydro power projects in excess of Rs 6000 crore. Accordingly, the order book is expected to increase rapidly in coming months. The Company has been executing hydro power projects since last 60 years and will leverage its expertise and execution capabilities to further expand in this sector" said Ashwin Parmar, Dy. Director (Business Development), of the Company.

The Company has recently bagged its first order worth USD 153 million in Algeria from Agence Notionale Des Barrage Et Transfets (ANBT — Algeria) in a Joint Venture. The work includes detailed design and construction of the dam under the Project "Travaux De Construction Du Barrage De Mehouane Sur L'oued E-Guessar (Mehouane Dam)."

Steel Strips Wheels

Steel Strips Wheels Ltd has informed that the Company achieves highest ever Production & Sales in September 2007.

Further the Company has informed that the Company has achieved highest ever Production of 5.02 Lacs wheel rims during the month of September 2007 as against 3.86 Lacs during September 2006 recording a growth of 30%. The Company has also achieved highest ever sales of 5.01 Lacs wheel rims during the month of September, 2007 as against 3.70 lacs wheel rims during the month of September, 2006 recording a growth of over 35%.

T Spiritual World

T Spiritual World Ltd has informed that the Company has conducted its wellness programs at DLF, MckinSey & Company, Sony, Pepsi India, Convergys and Spicejet in the month of September 2007. The Company has steadily established a reputation among the corporate community and created awareness for a healthier corporate lifestyle.

According to a new report by PricewaterhouseCoopers, titled "Working towards Wellness - An Indian Perspective" Healthcare benefits, work-life balance and perks arc increasingly becoming important to companies in India which want to keep employees happy and to attract new talent. Indian Companies are gradually developing comprehensive wellness programs for their employees. The report further adds that India stands to lose on average International $ 200 billion in national Income due to deaths from heart disease, stroke and diabetes from 2005 to 2015. The main causes of these chronic diseases are well established and well known. The most important risk factors are:

- Unhealthy diet and excessive energy intake
- Physical inactivity
- Tobacco use

Working adults spend more time at work - approximately on one-third of their day - than in any other setting - so the workplace is an important place to institute changes in behavior.

A recent report in the Times of India dated September 28, 2007, highlights that executives in their early 30s are suffering heart attacks and a large number of them have frequent chest pain, high blood sugar and high cholesterol levels. Alarmed by the rise in such figures, Ministries of Health & IT are working on a dedicated IT workplace health policy to tackle the menace. A blueprint of India's first dedicated health policy for the BPO sector will be finalized at a national conference in Bangalore by end of October 2007 after discussing with industry partners and the policy is expected be in place by early 2008. According to the Ministry of Health, they have found a tremendously high level of stress, mental disorders, cardio - vascular diseases, divorce rates and daytime sleepiness among call centre employees. Reducing just once health risk increased on the job productivity by 9% and cut absenteeism by 2%. According to latest figures, nearly 5,53,000 people work in India's BPO sector.

The Company has been successful in designing and delivering its wellness Programmes to suit the requirements of the large corporate clients, including several large BPOs & IT Companies - IBM Daksh, WNS Global, vCustomer, Keane, Aricent, TCS & eValueServe.com who want to "Bring Wellness into Work". With a dedicated IT & BPO workplace health policy in place by early 2008, the Company expects that the demand for its wellness products and services will rise even further.

Flawless Diamond India

Flawless Diamond India Ltd has informed that the Company participated in the Asia World Expo Hongkong Jewellery & Watch Fair and received a very good response for its Designers Diamond Jewellery of its brand "AUM". Further the Company has informed that, the Company has received export order for Rs 325 Million from Jewelmax Company, Hongkong for its Diamond and Designer Jewellery which is to be executed within the next 6 month. This is the order for its recently launched New Designer Jewellery.

Further the Company is now concentrating more into retailing of branded and non-branded Jewellery. The Company has recently tied up with "Planet M" Store is a chain of exclusive stores which is catering to young generation and discerning shoppers.

With the launch of "AUM DIAMOND JEWELLERY", the Company is receiving good response from the export market as well as local market in the country. The Company designer bank is catering to all class of clientle and the Company's initiative to create exclusive design's for high networth customers is getting encouraging response for our brand "AUM".

Mr. Bhawar U Jain Managing Director says that "Company's is to carry on retail venture after its recently launched 18 outlets of the Company which received very warm response from the retail customers. We are now planning to launch 100 outlets across India very soon. With the R&D of the Company, man power, designer bank, we are very confident enough to launch successfully more retail outlets, with the help of our retail business we are looking for very good profitability in coming quarter."

Patels Airtemp

Patels Airtemp India Ltd has informed that the Company has booked prestigious order of gross value Rs 319 Lakhs from M/s. Jindal Polyfilms Ltd, for Air Humidification and Ventilation system for their Polyfilms Project at Nasik.

Sobha Developers

Sobha Developers Ltd has informed that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana. This is an addition to the list of integrated township projects already launched by the Company in Kochi and Thrissur.

The salient features of the project:

- An integrated township of world-class design and quality consisting of single-family homes, apartments, commercial, retail and office space.

- One of the largest developments of its kind in Gurgaon.

- Strategically located in Sector 106-109 and well connected to Delhi and Gurgaon.

- Projected Investment estimated to be over Rs 20,000 Million and the total development in excess of 6.5 Million Square Feet.

Facor Steels

Facor Steels Ltd has informed that the members of the Company by way of Postal Ballot, have passed the following ordinary / special resolutions, with requisite majority:

1. For Mortgaging and / or charging the whole or substantially the whole of the Company's any one or more undertaking(s) to or in favour of all or any of the Financial Institution(s) or Bank(s) for securing Loans or Financial Assistance / Working Capital Facilities granted or to be granted.

2. For alteration of the Objects Clause of Memorandum of Association of the Company by adding new sub-clauses 37(A), 37(B), 37(C), 37(D), 37(E) & 37(F) after the existing sub-clause 37 of other objects.

3. For giving guarantees and / or to continue the guarantees already given to the consortium banks for Term Loans and other fund based and non-fund based Working Capital Facilities availed / to be availed by Ferro Alloys Corporation Ltd (FACOR) and Facor Alloys Ltd (FAL) other group Companies subject to a maximum limit of Rs 150 crores in respect of FACOR and Rs 100 crores in respect of FAL respectively.

Peninsula Land

Peninsula Land Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 22, 2007, inter alia, to transact the following business:

1. To create, offer, issue and allot from time to time in one or more tranche(s) in the course of domestic / follow on / international offerings or qualified institutional placement to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors, Qualified Institutional Buyers within the meaning of Chapter XIIIA of the SEBI Guidelines, Members, Employees, Non-Resident Indians, Companies or Bodies Corporate whether incorporated in India or abroad, Trusts, Mutual Funds, Banks, Financial Institutions, insurance Companies Pension Funds, Individuals or otherwise, whether shareholders of the Company or not, through a public issue, a qualified institutional placement within the meaning of Chapter XIIIA of the SEBI Guidelines, and / or any other means as may be permitted by the SEBI Guidelines, with or without an over-allotment option, equity shares or securities other than warrants which are convertible into or exchangeable with equity shares ("Securities") to be listed on any Stock Exchange inside India or any International Stock Exchange outside India, through an offer document and / or prospectus and / or offer letter and / or offering circular, as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions & approvals.

2. Increase in the Authorised Share Capital of the Company comprising of Rs 52,00,00,000/- divided into 25,99,95,000 Equity Shares of Rs 2/- each aggregating to Rs 51,99,90,000/- and 1,000 - 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/- to Rs 65,00,00,000/- divided into 32,49,95,000 Equity Shares of Rs 2/- each aggregating to Rs 64,99,90,000/- and 1,000 - 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/- & consequential amendments in the Memorandum of Association of the Company.

Garware Polyester

Garware Polyester Ltd has informed that the Board of Directors of the Company have approved the One Time Settlement (OTS) package offered to the Company by Industrial Development Bank of India Ltd(IDBI) vide a Circular resolution dated September 28, 2007.

The OTS package was sanctioned by IDBI vide its letter dated March 15, 2007. Subsequently IDBI modified the said package vide its letter dated August 02, 2007. The main features of the OTS package are as under:

(i) Cut-off-date: January 01, 2007

(ii) Cash payment of Rs 8424 lakh toward principal outstanding of NCDs, Corporate Loan, Zero Coupon Bonds and Negotiated Settlement Amount (Rs 8324 lakhs) and deferred interest (Rs 100 Lakh).

(iii) Conversion of Rs 600 lakh out of deferred interest into equity as per SEBI guidelines.

(iv) Conversion of balance Rs 4954 lakh of deferred interest on NCDs / Corporate Loan into 0.01% Cumulative Redeemable Preference Shares (CRPS). The CRPS would be redeemable in 3
equal annual installments between April 01, 2014 to April 01, 2016.

(v) Waiver of Rs 27.95 lakh payable towards further interest and other charges (liquidated damages).

(vi) In case of default, in redemption of preference shares the same would be converted into equity shares to the extent of the defaulted amount, if the default is not cleared within 90 days at a price to be determined as per the then prevailing SEBI guidelines. The conversion would be exercised in a manner such that (a) IDBI holding at any given point in time would not exceed the aggregate promoter's shareholding in the Company (b) IDBI holding would not exceed 15% of the paid up equity share capital of the Company at any given point in time and (c) the promoters would be offered the right to acquire the converted equity at a mutually acceptable price prior to disposal of the same by IDBI.

In order to implement One Time Settlement (OTS) package sanctioned by IDBI, the Company is required to issue equity shares and O.01% Cumulative Redeemable Preference Shares to IDBI in future.

Accordingly Board has also approved the following proposal subject to shareholders approval to :

a) Increase the Authorised Share Capital of the Company.

b) Issue of such number of equity shares to IDBI Ltd on preferential basis as shall be determined on the relevant date.

c) Issue of 49,54,000 Preference shares of Rs 100/- each to IDBI Ltd on Preferential basis.

d) Convene the Extraordinary General Meeting of the Company for seeking the shareholders approval.

i-flex Solutions

i-flex Solutions Ltd announced the launch of FLEXCUBE® Universal Banking Solution (UBS) Release 10.0 at Sibos in Boston, MA, USA. Sibos is the world's premier financial services event attracting the industry's leading figures and firms.

The Company has invested over 50,000 person days of effort in developing new functionality for FLEXCUBE UBS Release 10.0.

The new release enables banks to standardize, transform and optimize their business processes. Banks can use FLEXCUBE to simplify and streamline processes, track and rapidly administer complex multi-step transactions, efficiently distribute workload by identifying bottlenecks and improve customer service by using pre-defined custom processes for different segments of customers.

FLEXCUBE release 10.0 has a new task-based User Interface on an agile J2EE based architecture. It uses BPEL (Business Process Execution Language), and Business Activity Monitoring (SAM) technologies, to provide powerful business process management capabilities to banks. The new release enables FLEXCUBE to participate in an SOA environment and contains a comprehensive and wide ranging set of Web Services to cover all transactional and business process orchestration requirements.

"Banks want to achieve competitive differentiation by developing innovative business offerings and to fine tune their processes based on insight and measurement. This release of FLEXCUBE enables banks to achieve this holistically," says Joseph John, Executive Vice President, Banking Products Division, of the Company. "i-flex has made a strategic choice of adopting Oracle Fusion Middleware, with complete SOA support that enables adoption of open standards. We are continuously adding new functionality to meet evolving business needs and are excited about the value we provide to our Customers."

A new task-based User Interface (UI) provides for high throughput, via easy access to task-lists, customer profiles and transaction context. This supports configuration of screens without any impact to the underlying business logic that is exposed as Web Services. Leveraging BAM technology, FLEXCUBE provides users with dashboards to measure process performance and identify bottlenecks for process improvement. The product serves Governance, Risk & Compliance frameworks thus allowing institutions to be compliant with changing regulations, monitor fraud and manage their risks effectively.

This release preserves the rich business functionality that FLEXCUBE offers Wholesale Banks for their Cash, Trade, Payments, Treasury and Lending and Retail Banks for their Savings, Deposits and Loans businesses. Other key features of this new release include SWIFT 2007 enhancements, SwiftNET connectivity and comprehensive support for SEPA Payment processing. FLEXCUBE, since the first release of the application in 1997, offers users the ability to configure new products without any software code change. It allows them to process these for multiple entities from a single-instance of the application installed in the Bank.

Earlier, the Company had announced, i-flex Process Framework for Banking, a repository of banking processes developed based on i-flex’s years of experience in working with over 765 financial institutions across over 130 countries. FLEXCUBE Universal Banking Solution implements these processes with executables built and executed with Oracle BPEL Process Manager.

ECE Industries Ltd

ECE Industries Ltd has informed that agreements have been entered into with parties to develop Company's land admeasuring 56730.57 sq. meters at Sanathnagar, Hyderabad and to construct and sell houses thereon for weaker section of the society as per the policy of Government of Andhra Pradesh. This piece of land was notified by the State Government for construction of dwelling houses for the weaker section of the society.

From the above arrangement, the Company will receive a total amount of Rs 30.22 Crores. The Company has already received a sum of Rs 13.50 Crores and the balance amount of Rs 16.72 Crores will be received spread over a period of 13 months. On completion of the project, the Company will further receive approx. Rs 28 Lacs towards the value of land calculated in accordance with the terms and conditions contained in Urban Land (Ceiling and Regulation) Act, 1976 read with Schedule 1A thereof.

Nilkamal Ltd

Nilkamal Ltd has informed that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Nilkamal Crates and Bins Pvt Ltd and Stackwell Marketing Services Pvt Ltd and the Company and their respective shareholders and creditors ("the Scheme") u/s Section 391 to 394 of the Companies Act, 1956, on September 28, 2007. The said Scheme envisages the following:

(a) Merger of Nilkamal Crates and Bins Pvt Ltd ("NCBPL") into the Company.

(b) Stackwell Marketing Services Pvt Ltd ("SMSPL") into the Company.

(c) Pursuant to the merger:

4 Equity Shares of Rs 10 each fully paid up of the Company would be issued to the shareholders of NCBPL for every 21 Equity Shares of Re 1 each held by them in NCBPL.

5 fully paid up equity shares of Rs 10 each of the Company would be issued to the shareholders of SMSPL for every 12 equity shares of Re 1 each held by them in SMSPL.

Vikash Metal & Power Ltd

Vikash Metal & Power Ltd has informed that commercial production of "Hot Rolling Mill" having 1,50,000 MTPA is started in the month of September.

Omaxe Ltd

Omaxe Ltd has informed that the M/s. Satvik Hitech Builders Pvt Ltd (a Wholly Owned Subsidiary of the Company) proposing to file an application on October 01, 2007 with Ministry of Communications and Information Technology, Department of Telecommunications (BS Cell), Sanchar Bhawan, 20 Ashok Road New Delhi, for grant of License to provide Unified Access Service (UASL) for 22 circles.

Hinduja TMT

Hinduja TMT Ltd has announced the following Press Release:

"Hinduja TMT Ltd ('Hinduja TMT' proposed to be renamed as Hinduja Ventures Ltd) at its Board meeting held on October 01, 2007 has approved the participation of the Company for the application of the Telecom Licenses.

Hinduja TMT Ltd has in the past successfully run mobile telephony services in Gujarat Circle through Fascel Ltd (under Cell Force brand name) & subsequent consolidation process with Hutch for a creating a nationwide structure. The Company exited the telecom business in 2006.

The Company will be applying for the licenses through HTMT Telecom, which is subsidiary of Hinduja TMT. Hinduja TMT also announced that it has taken a 90% stake in HTM Telecom Pvt Ltd (HTM Telecom).

Hinduja TMT Ltd subsidiary Indus Media and Communications Ltd (IMCL) is India's largest cable TV MSO with 6 million subscribers. IMCL has presence in 15 cities and offers both Digital and Analog services. IMCL offers both video and data services. Hinduja TMT through its subsidiary proposes to fulfill its triple play offering in the market.

DLF

DLF Ltd has informed that the members at the 42nd Annual General Meeting (AGM) of the Company held on September 29, 2007,inter alia, have approved the following business as specified in the notice of AGM:

1. Adoption of the Audited Balance Sheet as on March 31, 2007, and the Profit & Loss account for the year ended on that date along-with the Reports of Directors’ and Auditors’ thereon.

2. Declared Dividend @ Rs 2/- (100%) per Equity Share.

3. Re-appointed Mr. Brijendra Bhushan, Brig. (Retd.) Narendra Pal Singh and Mr. Rajiv Singh, Directors retire by rotation.

4. Re-appointed M/s. Walker, Chandiok & Co, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting.

5. Re-appointed and revised the terms of remuneration of Mr. Kameshwar Swarup, Senior Executive Director-Legal, Ms. Pia Singh, Whole-time Director and Mr. T C Goyal, Managing Director of the Company, with effect from January 01, 2008, February 18, 2008 and March 01, 2008, respectively.

6. Ratified the Employees Stock Option Scheme — 2006 applicable for the employees of the Company.

7. Ratified the Employees Stock Option Scheme —2006 applicable for the employees of Subsidiary(ies) of the Company.

Subex Azure

Subex Azure Ltd has announced that it has completed 180 days of successful integration of Syndesis Ltd, a leading provider of telecom 0SS solutions, with recognized leadership in Fulfillment and Assurance solutions (FAS). The first quarter, post the acquisition has brought in revenues of Rs 440 million from the FAS business unit.

Post the completion of the acquisition on April 01, 2007, the Company has had eight new wins including three FAS customers. During this period, the Company also launched its first FAS offering, the subscriber-centric VoIP Express bundles, that accelerate the creation and automate the complex provisioning of VoIP offerings for business and consumer markets.

Subash Menon, Chairman, Managing Director & CEO of the Company said, "This seamless transition is yet another example of Subex Azure's inherent ability to create immense value out of every acquisition. The momentum is expected to pick up further in the coming months, and help us achieve our target of US $130 million by the end of this fiscal."

Dedicated teams have been formed to see through the integration process, an integration camp was set up in Toronto and recruitment was stepped up to cater to the increased requirement. All departments except engineering have been completely integrated.

With this acquisition the Company is now able to offer its customers solutions that would help them practice Operational Dexterity, a concept that includes Revenue Maximization as well Service Fulfillment, to deliver competitive advantage.

Four Soft

Four Soft Ltd has informed that the Company has signed a contract with Locher Evers International (LEI), British Columbia, Canada to implement Four Soft enterprise product suite namely "4S eTrans", "4S eCustoms", "4S ePOMS", "4S eConnect and 4S iDrive for amount of USD 417,000 (approx).

ICSA India

ICSA India Ltd has informed that the Company has secured following work orders(s) for a total contract value of Rs 93.47 Crores from Chhattisgarh State Electricity Board, Raipur for implementation of Atal Jyoti Yojna under O&M division in Bhilai, Bhatapura, Bernetra, Durg-I and Durg-II areas on total turnkey basis.

- Nature of Work : Design, Supply and erection of 11KV, 33/11 KV Lines and 63KVA, 100K VA
Substations

- Aggregate Value of Contracts: Rs 93.47 Crores.

Simbhaoli Sugars Ltd

Simbhaoli Sugars Ltd (SSL) has announced that the Company has got registered for carbon credits entitlements by the United Nations Framework Convention on Climate Change (UNFCCC) at the Thirty Fourth meeting of the Executive Board of the Clean Development Mechanism (CDM) held on September 12-14, 2007 at Bonn. Germany.

In this regards, the Company has issued following Press Release :

"Simbhaoli Sugar Ltd, Biomass Power Project has got registered for carbon credits entitlements by the United National Framework Convention on Climate Change (UNFCCC) at the Thirty Fourth meeting of the Executive Board of the Clean Development Mechanism (CDM) held on September 12 - 14, 2007 at Bonn, Germany. The annual credits of emission reduction from power export have been estimated at 44,682 tonnes of CO2e over 10 crediting years.

The selected project is the expansion of bagasse based electricity generation capacity of the Simbhaoli Sugars (SSL) plant located at Simbhaoli, Uttarpradesh, India. The project involves installation of a 22 MW / hr backpressure type turbo generator along with a high pressure (87 kg / cm2) 110 TPH capacity boiler. It primarily aims to generate power and steam for the sugar mill captive consumption purposes, along with export of electricity of 14 MW / hr to Uttarpradesh Power Corporation Ltd (UPPCL) grid. With this the total installed capacity of biomass / biogases based co-generated electricity will go up to 32 MW / hr.

The export of bio-electricity would reduce GHG emissions by replacing fossil fuel dominated grid based electricity with a renewable source of electricity. The high pressure boiler will be fired by biogases, a biomass, produced from the sugar manufacturing process to generate steam, which in turn will run the steam turbine to generate bio-electricity.

"Simbhaoli Sugar cogen unit is energy independent, employing co-generation for its captive steam and power requirement. The present captive steam and power requirement of the sugar unit is met by a congenation place comprising of four boilers and three turbines. Considering the Company's environmental conservation policy project developers full belief in the CDM process and in anticipation of financial support from CDM revenue, the SSL management has decided to install cost intensive, high pressure and high capacity boiler and turbine configuration for increasing the net electricity export to grid. Thereby it has installed a 22 MW backpressure type turbo generator and a high pressure (87 kg / cm2) boiler of 110 TPH capacities": told by Mr. Gurmit Singh Mann, Chairman & Managing Director, SSL.

The revenue from the disposal of CERs has been the integral part of the project viability and the SSL expects a substantial contribution from this account by approaching the organization / entities which requires these CERs at the appropriate time, added by Dr Rao, Executive Director, SSL.

The expansion is in line with the overall de-risking policy of the Company, which focuses on reducing dependence on the sugar business and increasing the stake of non sugar segments such as alcohol, ethanol, bio power etc. in the revenues. Following the expansion plan designed by the Company in the year 2004, SSL has also commissioned the biomass based electricity project at its Chilwaria facility in September, 2007 with the successful completion of first phase of capacity expansion of 8 MW / hr of exportable surplus. This is achieved with installation of 11 MW condension turbine and 80 MT (87 kg / cm2) high pressure boiler. After the completion of expansion of bio power generation capacity at Chilearia, total exportable power shall be 19 MW / hr."

Reliance Energy

Reliance Energy Ltd has informed that the Board approved the proposal by Reliance Power Ltd, a Company promoted by Reliance Energy Ltd and Reliance Anil Dhirubhai Ambani Group, to undertake an Initial Public Offering of equity shares of the Company. The draft red herring prospectus for the said IPO will be filed by Reliance Power Ltd with SEBI shortly.

Reliance Power Ltd is pursuing various gas, coal and hydro power generation projects in different parts of the country. The proposed IPO is being undertaken to fund the development of the said power projects.

Maruti Suzuki

Maruti Suzuki India Ltd has announced that the Company sold 63,086 vehicles in the domestic market in September 2007.

The Company had sold 56,606 vehicles in the domestic market in September 2006.

In all, the Company sold 67,448 vehicles in September 2007. This includes 4,362 units of exports.

The Company's volume in the domestic A2 segment went up by 21.8 per cent, in the A3 segment the volume grew by 43.3 per cent during the month compared to sales in September 2006.

Time Technoplast

Time Technoplast Ltd has informed about the acquisition of NED Energy Ltd - a Hyderabad based unlisted Company engaged in manufacture of VRLA Batteries. The brief note is as under :

"Time Technoplast Ltd (TIME) announces acquisition of 74% share holding in NED Energy Ltd (NED) - closely held company engaged in manufacture of high technology Valve Regulated Lead Acid (VRLA) batteries based at Hyderabad. Working closely with India's premier institutions; Indian Institute of Science (IISC) Bangalore and Central Electrochemical Research Institute (CECRI), Karaikudi, NED has designed, developed and innovated corrosion resistant, high performance, long life batteries with much improved energy density and cyclic life most suited for harsh Indian environment - high temperatures and prolonged power failures. NED enjoys quality leadership for its batteries in telecom sector under welt established brand "MAXLIFE".

NED has been accredited with ISI 9001:2000 and ISO 14001:2004 by TUV Suddeutschland and its products are duly approved by Dept of Telecommunications (DOT), Govt. of India. Whereas NED is currently supplying its products to the top players in Telecom sector, it has made a break through into high performance maintenance free, corrosion resistant VRLA batteries for automotive segment.

TIME is a leading technology based, innovative polymer product company, servicing growth sectors of Indian economy such as Packaging, Lifestyle, Healthcare, Automotive a Construction Products. Mumbai based TIME is a listed entity on BSE and NSE (public issue in May ‘01) and had recorded a turnover of Rs 4569 mn in FY ‘07. the Company is engaged in business expansion both in India and overseas in high growth verticals with special focus on healthcare and auto components Through the acquisition, TIME plans to leverage NED’s technology in automotive batteries to achieve significant growth for its welt established automotive segment where it enjoys strong relationships with major OEMs as Tier-I supplier.

Promoted by a group of Technocrats, NED commenced their operations in 2001 at Hyderabad facility to produce and supply cost effective, reliable, most advanced technology based batteries for industrial and automotive applications. Over the years NED has developed new processes and products with improved performance and low costs. Through its association with India's premier institutions IISC and CECRI, NED is in the process of getting 5 patents as co-inventor with an exclusive right for commercial exploitation of these innovations. Besides several accreditations and approvals, NED has presented well acclaimed technical papers in international journals and won standing ovation for its technologies in the 9th & 10th European Lead Acid Battery Conferences at Berlin & Athens, respectively.

Modern automotive vehicles are now moving from present 'flooded (Acid) batteries' to 'maintenance free VRLA batteries' due to high charge acceptance, safety and high corrosion resistance. NED has designed, developed and fully tested, most suited batteries for this application which are ready to be launched shortly. In addition, NED has developed and is ready to commercialize VRLA batteries for EV (Electric Vehicle) and HEV (Hybrid Electric Vehicle) applications which have tremendous export possibilities. NED also sees a huge business potential for its newly developed highly compact leak proof GEL batteries with long discharge cycle.

NED had successively increased their capacities in FY '07 and '08 (present day capacity 100 mn AH) and has recorded sustained growth in its financial performance with FY '07 turnover reaching Rs 451 mn (Previous Year Rs 304 mn) with EBIDTA of Rs 60 mn (Previous Year Rs 47 mn) and Net Profit of Rs 33 mn (Previous Year Rs 19 mn). Company is expecting to record substantial growth in its sales and profits in FY '08. Strong Research & Development team at NED is on threshold of developing revolutionary 'Green Batteries' which significantly reduce the quantity of lead and acid used in present day batteries. NED has developed battery grids out of special polymers patent obtained) to replace lead, cutting down the weight of the battery by approx 30% and improving its Energy Density (Wh/kg ) by over 25%.

To meet huge surge in demand of its products and to further bring new products for fast growing automotive sector, NED proposes to triple its annual capacity to 300 mn All with capital outlay of Rs 300 mn which shall be funded by further infusion of equity by TIME, internal accruals and term loan. The expansion is expected to come on stream from Q-2 FY '09.

Through the purchase of NED's shares from the present promoters and further subscription to share capital, TIME shall acquire 74% holding with balance 26% remaining with the existing promoters who continue to participate in further growth of the company. NED's Enterprise Value is estimated at Rs 650 mn.

About Transaction

Time Technoplast Ltd, has entered into an agreement to acquire 74% holding in the equity capital of NED Energy Ltd (Share Capital : 6.58 mn shares of Rs 10 each aggregating Rs 658 mn). The transaction includes

i. purchase of 4.289 mn shares (71.48%) of existing share capital from the promoters at a price of Rs 103.33 per share aggregating Rs 443.18 mn.

ii. subscription to 0.58 mn additional shares at Rs 103.33 per share at an aggregate value of Rs 60 mn.

The existing promoters will continue to hold 26% of the equity capital of NED.

The total investment by TIME is approx. Rs 503 mn."

Sterlite Optical Technologies

Sterlite Optical Technologies Ltd has informed that the Company acquired 58.70% holding in equity share capital of Sterlite Infrastructure Pvt Ltd (SIPL). With this investment SIPL has become subsidiary of the Company.

SIPL has been incorporated with the object to carry on business pertaining to infrastructure projects and telecommunications.

Reliance Energy, Reliance Power

Reliance Energy Ltd has announced that the Board approved the proposal by Reliance Power
Ltd, a company promoted by Reliance Energy Ltd and Reliance Anil Dhirubhai Ambani Group, to undertake an Initial Public Offering of equity shares of the Company. The draft red herring prospectus for the said IPO will be filed by Reliance Power Ltd with SEBI shortly.

Reliance Power Ltd is pursuing various gas, coal and hydro power generation projects in different parts of the country. The proposed IPO is being undertaken to fund the development of the said power projects.

Reliance Power Ltd is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and to file a Draft Red Herring Prospectus with SEBI.

Financial Technologies

Financial Technologies India Ltd has informed that at the Committee Meeting of the Board, it has been decided to raise upto US $ 100 Million plus a Green Shoe Option of upto $ 15 Million through issue of Global Depository Receipts (GDRs) to overseas investors.

The GDR procceds will be utilized for, inter alia, global M & A opportunities in exchange as well as technology space and investment in organic & inorganic global domain — centric businesses.

Kavveri Telecom

Kavveri Telecom Products Ltd has informed that the Company has acquired Technology, Intellectual Property Rights and Patents of Cellular Infrastructure Base Station Antenna Line of erstwhile M/s. Sigma Wireless, Ireland from M/s. PCTEL INC., (NASDAQ : PCTI) Chicago, Illinois, USA. Along with the Technology, IPR and Patents, the Company gets access to the customers and vendors of erstwhile M/s. Sigma Wireless in Europe.

Compact Disc India

Compact Disc India Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 15, 2007, inter-alia, to consider the following:

1. The Unaudited Financial Results for the quarter ended September 30, 2007.

2. To consider the right issue.

3. To consider the issue of equity shares of the Company on preferential allotment basis.

4. To consider the issue of convertible warrants

ENIL

Entertainment Network India Ltd has informed that with effect from 5.00 p.m. on September 28, 2007, the Company has commenced broadcast from its radio station at Madurai.