News update 27 nov

28th NOV

The market capitalisation (m-cap) of seven of the country's top-10 firms diminished by Rs 49,445 crore

CIL's scrip plunged 5.84 per cent last week and had closed at Rs 312.55 on the Bombay Stock Exchange.

•Reliance Industries (RIL) saw its valuations eroding by Rs 11,224.26 crore to Rs 3,14,982.94 crore.

ONGC shed Rs 6,256 crore from its m-cap which was Rs 2,64,385.72 crore.

•The company led by industrialist Mukesh Ambani has been ranked at 20th position in the ICIS Top 100 Chemicals Companies list•Terming RIL and Chinese major PetroChina

among the major climbers on the li•Reliance is a candidate for major acquisitionst over the past decade

•LyondellBasell has been ranked fifth in the list after BASF, Dow Chemical, ExxonMobil

and Sinopec

•the Toyota Kirloskar Motor Private Limited, its joint venture with the Kirloskar Group.

•TKM targets to sell 70,000 units of Etios in the first year.

•the sedan would compete with the likes of Swift Dzire and Tata Manza and the hatchback with

Hyundai i20, Maruti Swift, Ford Figo and Polo of Volkswagen.

•Private power producers will invest about Rs 91,000 crore in Tamil Nadu in the next three to five years to generate 18,140

MW•Private power developers are putting up plants with a capacity of 18140 MW. These initiatives will bring investment of about Rs

91,000 crore in the next three to five years•Tamil nadu has a huge capacity of 5,400 MW of wind energy,

with an additional potential of 5,530 MW and 80 MW of bagasse based co-generation plants

Power generation in the state has doubled in the last seven years, the demand too has increased from 4652 MW in 2002-03

to 7786 MW upto March 2011, units with an investment of nearly Rs 40,000 crore will start production in the statein

2010-11 and to bridge this gap and emerge as a power hub in the country, the state has inked 47 MOUs to produce 58,000 MW

of power in next few yearsAt present 13 power projects are being constructed and in the

next three years 5000 MW of additional power will be generated in the state.