NEW DELHI: The Appellate Authority in the Finance Ministry, which is going into Bombay Stock Exchange payment crisis leading to removal of its president J C Parekh, would give its interim order tomorrow and a final order on Friday. Parekh informed this to newsmen after a three-hour-long hearing by the authority headed by Insurance Secretary B K Chaturvedi. Parekh said that he would not like to divulge the details of the hearing saying the matter was sub-judice.

BSES bags Rs 35 crore Dubai order

MUMBAI: BSES has bagged a Rs 35 crore contract from Dubai Electricity and Water Authority (DEWA) for enhancing its existing Jebel Ali Free Zone sub-station. Under the contract, an additional three km 132 KV cable circuit will be laid to augment the capacity of the sub-station and a new 132 KV gas insulated switchgear, 40 MVA power transformers and 11 KV switchgears and associated equipment will be installed.

RCF signs MoU with Govt

MUMBAI: Rashtriya Chemicalsand Fertilizers Ltd (RCF) has signed a memorandum of understanding (MoU) for the financial year 1999-2000 with the Government of India. Fertiliser production for the year is targeted at 25.18 lakh tonnes as compared to 23.02 lakh tonnes in the previous year. While sales have been targeted at Rs 2044 crore (Rs 1871 crore), it has planned a gross margin of Rs 260 crore (Rs 182 crore).

ESC, TAOI plan to boost exports

MUMBAI: The Electronics and Computer Software Export Promotion Council (ESC) along with the Toy Association of India (TAOI) have decided to promote toy exports in a big way as there is great potential for exports to Dubai and re-export to various destinations. TAOI which is now under the umbrella of ESC recently visited the Toys Fair in Dubai. Toy exports from India during the 1997-98 was Rs 60 crore and the target for 1998-99 is Rs 100 crore while electronic exports from India was Rs 12,500 crore and Rs 18,000 crore respectively.