Month: April 2009

Wockhardt’s CMD Habil Khorakiwala Quits as Company’s Debt Piles Higher

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Mumbai-based pharmaceutical major Wockhardt has become the latest victim of piling debt. The company has been referred to the corporate debt restructuring (CDR) mechanism, a system to deal with cases where multiple lenders are involved. In its filing with the Bombay Stock Exchange on Tuesday, the pharma major said that Habil Khorakiwala, currently chairman and … Read more Wockhardt’s CMD Habil Khorakiwala Quits as Company’s Debt Piles Higher

HCC bags Rs 688.06 cr order at Punatsangchhu-l Hydra Electric Project

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Hindustan Construction Company Ltd (HCC) has informed BSE that the Company has bagged the prestigious order for Package MC3 of 1200 MW Punatsangchhu-I Hydro Electric Project in Bhutan from Punatsangchhu-I Hydro Electric Project Authority. The Punatsangchhu-I Hydro Electric Project is located on river Punatsangchhu in Wangdue Phodrang Dzongkhag in Western Bhutan. The said project involves … Read more HCC bags Rs 688.06 cr order at Punatsangchhu-l Hydra Electric Project