By accepting Tatas as strategic partners in VSNL and Reliance in IPCL
, the Government substituted State Monopolies with Private Monopolies.
In the same yea, RIL bagged a 25 percent share of IPCL
AIM-listed Southern Bear, which is an offshoot of North East building services group Northern Bear, now has seven businesses under its umbrella with three of these, Fenhams of Newcastle, Ronald Thompson of Gateshead and IPCL
being based in the region.
Her toughest, she says, was the disinvestments of the state-owned petrochemicals firm IPCL
, which earned the down-to-earth CEO the reputation as "an unrelenting tough dealmaker" from her opponents in India.
But he left the IPCL
ground before tea to make the long journey back to Taunton.
He left the IPCL
ground before tea, however, to make the long journey back to Taunton.
All three matches in the contest have been won by the side that has batted first and the IPCL
Sports Complex is a ground which is easy to score runs on first up.
While the company's likely leverage in 1998 will be higher than the company's previous maximum leverage of 33%, divestment of IPCL
has enabled Foster's to increase its debt usage and still maintain financial ratios consistent with current credit ratings.
With proceeds from the IPCL
divestment used to retire debt, Foster's leverage (debt-to-capitalization) will likely fall to about 40% in the second half of fiscal 1998 from 45% in the first half.
Under the agreement, BP Chemicals will license its proprietary fluid-bed acrylonitrile process to IPCL
for construction of a 100,000 metric tons-per-year production plant in Jageshwar, near Bharuch in the state of Gujarat.
This turnover far exceeds those forecast when Centra acquired IPCL
in February and illustrates the growth potential of this expanding market within the United Kingdom.
All three new locations are in non-competing areas of the UK and IPCL
expect the combined annual turnover of the three locations to total $3 million at the end of their first twelve months of operation.