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L&T: Restructuring rewards…

Jan 2, 2004

Going by the spate of decisions that the management of the company has taken in recent times, engineering giant L&T seems to have finally decided to mend its ways. Close on the heels of the company deciding to demerge the cement division, it has announced that it now also plans to exit the glass container business.

EIL: Prime target

Jul 14, 2003

Since the last time we covered the issue of disinvestment of Engineers India (EIL) (read more) not much has changed. As usual, the whole process has been delayed with a few bidders qualifying at the end of the whole process. Currently there are four contenders that have conducted the due diligence process. So what makes disinvestment of EIL so crucial for the companies that have bid for it?

Engineers net increases 26%

Nov 1, 1999

Engineers India has posted 26.1% rise in net profit to Rs 558 m in 2QFY2000. Sales were also up 53.5% to Rs 1.6 bn.

Reliance eyes stakes in BPCL, HPCL, EIL, IBP

Nov 1, 1999

According to newspaper reports, Reliance Industries Limited has sent a formal communiqué to the government expressing interest in acquiring stakes in Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), Engineers India (EIL) and IBP Company.

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