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Chhattisgarh handicrafts to carry holograms

he Chhattisgarh government has now decided to affix holograms on all the handicraft goods produced in the state, in a bid to preserve the traditional art.

Each and every handicraft item will also carry a guarantee card to ensure authentication of the product.

This measure is expected to stop the duplication of traditional handicraft goods produced in the state.

Jindal Power deferrs plan to raise Rs 7,200 crore IPO due to rise in cost of capital

Jindal Power has deferred its plan to raise Rs 7,200 crore through initial public offer (IPO) because of a weak market sentiment and rise in cost of capital and raw material.

The valuations have also been hit by the sharp fall in tariff for merchant power dropped significantly, an investment banker working on these mandates have noted.

The Navin Jindal-led Jindal Power had received Sebi approval in May 2010 and was planning to divest around 11-12%. The transaction would have valued the company at over 60,000 crore.

RADA Auto Expo 2011

Auto Expo 2011

Raipur Automobile Dealers Association
RADA Auto Expo
Date: 15-18 April, 2011
time: 4PM to 10PM
Venue: BTI Ground, Shankar Nagar, raipur

4 Day Events

15th April, 2011
Sonal Chouhan (Film Jannat Fame)

16th April 2011
Fashion show+ Dance Group

17th April 2011
Rahul Mukherjee (star Voice India Fame) + Dance Group

18th April 2011
Vinod Purohit (Laughter Show Fame) + Rock Band

JSPL to set up university in Raigarh

Jindal Steel and Power Limited

Jindal Steel and Power Limited will run a private university in Raigarh district of Chhattisgarh.

On the recommendation of the Chhattisgarh Private University Regulatory Commission, the state government has given its consent to start three new private universities in the state, officials with higher education department said.

Besides OP Jindal University, to be managed by the JSPL, Chhattisgarh government has given consent for setting up MAI University and Amity University in the state. The separate letter of intent for each university has been issued by the government.

Godawari Power subsidiary to acquire power plant

Godawari Power and Ispat Limited subsidiary Hira Ferro Alloys Limited has agreed to acquire 8.5MW bio mass power plant in Chhattisgarh on slump sale basis.

Godawari Power and Ispat in filing with the Bombay Stock Exchange said that Hira Ferro Alloys has entered into a definitive agreement with the owner of the power plant.

It said that the acquisition of the power plant is subject to compliance of certain conditions which are required to be fulfilled by the seller within a period of one month from the date of agreement or such extended period as may he mutually agreed

Real estate business booms in Chhattisgarh

espite slow-down in the market, real estate business in Chhattisgarh has seen a boom in the financial year.

With the state government collecting revenue of Rs 800 crore from stamp duty and registration fee on land transactions, the size of real estate industry has grown to over Rs 11,000 crore in Chhattisgarh.

Lanco Infra raises debt of Rs 5500 cr from PFC

Lanco Infratech touched an intraday high of Rs 40.60 and an intraday low of Rs 39.90. At 09:35 hrs the share was quoting at Rs 40.15, up Rs 0.45, or 1.13%.
The company has raised debt of Rs 5500 crore from PFC to finance its 1320 mw power generation unit in Chhattisgarh, reports The Economic Times.

It was trading with volumes of 201,246 shares. In the previous trading session, the share closed down 0.75% or Rs 0.30 at Rs 39.70.
Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 38.50 40.15 1.65 4.29

Dainik Bhaskar Group announces Bhaskar Genius Scholarship 2011

Dainik Bhaskar Group announced the biggest ever scholarship program 'BHAKSKAR GENIUS SCHOLORSHIP' across 8 states - Madhya Pradesh, Chhattisgarh, Rajasthan, Gujarat, Chandigarh, Punjab, Haryana and Himachal Pradesh. The scholarship is open for students in Class I to XII. The prize money available for distribution is Rs 1 Crore +, making the event even more rewarding. This is the second year of the Scholarship Award.

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