Business - Briefly   

SPEL Semiconductor to drop SEZ project

CHENNAI: SPEL Semiconductor has decided to approach the Ministry of Industries for making due representation to withdraw/cancel its approval for establishment of Special Economic Zone as the company is not in a position to execute the project, according to a Bombay Stock Exchange release. Meanwhile, the company has achieved a revenue of Rs. 76.48 crore in the year ended March 31, 2008 against Rs. 55.09 crore and a net profit of 7.31 crore against Rs. 3.91 crore in 2006-07, says a release. — Corporate Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

‘Inflation will be brought in alignment with policy’
Saint-Gobain to set up second unit at Bhiwadi
ONGC exits Kakinada Refinery
Tata Power net up 25 %
‘Make compliance audit mandatory’
Vodafone tax case begins in Mumbai
Suashish Diamonds to set up unit in SEEPZ
Sensex drops further
Exchange Rates
Bullion Rates
Cambridge Tech acquires U.S. firm
Software for construction industry
Oracle introduces Retail Release 13
Tech Mahindra pact with Telecom New Zealand
Seaways acquires two vessels
SPEL Semiconductor to drop SEZ project
Dextrasys to create employment opportunities
ArcelorMittal to acquire U.S. coal firm
Citi to lay off 6,500 jobs
Nokia buys social networking site Plazes
Motorola, Kodak join hands
Rio Tinto seeks mining lease in India
vTrendy from Tata Teleservices

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu