Neyveli Lignite concludes bonus agreement with workers

October 7th, 2009 MUMBAI - The board of Reliance Industries, India's largest private company, Wednesday recommended a dividend of Rs.13 per share and a bonus issue of one new share for each existing one. The announcement came after the closing bell for Indian equities markets, where the company's scrip, with a paid up value of Rs.10, had ended at Rs.2,099 on the Bombay Stock Exchange (BSE), down 1.57 percent or Rs.33.45 over the previous close.

September 17th, 2009 NEW DELHI - Around 13.05 lakh railway employees will get productivity-linked bonus, equivalent to 75 days of their wages, for 2008-09, the government said Thursday. The decision, taken in a cabinet meeting chaired by Prime Minister Manmohan Singh Thursday, will cost the government Rs.889 crore.

September 16th, 2009 KOLKATA - Tata Steel management has signed a bonus agreement with employees, the company said Wednesday. The agreement was signed for annual bonus to the employees of the steel major's Jamshedpur unit, including the tubes division, for 2008-09.

August 11th, 2009 Newspaper union to see Tribune bonus informationWILMINGTON, Del. — A federal bankruptcy judge in Delaware says a union representing newspaper workers can see details about the Tribune Co.'s proposal to give bonuses totaling up to $70 million to the company's top managers.

August 5th, 2009 MUMBAI - Construction and engineering major Larsen and Toubro (L&T) Wednesday said it had bagged contracts worth Rs.853 crore for setting up coal handling plants in Uttar Pradesh and Tamil Nadu. L&T has received a contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVNL) and Neyveli Lignite Corp for setting up coal handling plants at Anpara in Uttar Pradesh and Tuticorin in Tamil Nadu, the company said in a regulatory statement.

July 28th, 2009 CHENNAI - The six-day workers' strike at the Hyundai Motor plant near here came to an end Tuesday following an agreement between employees and the company management. The agreement has been signed in the presence of Labour Minister T.M.

June 22nd, 2009 CHENNAI - Energy-starved Tamil Nadu wants a higher share of power that will be generated by the joint venture it has set up with mining and power company Neyveli Lignite Corp (NLC). A similar demand had earlier been raised by Gujarat, where NLC proposes to set up a 1,000 MW plant at Valia, also in joint venture with that state's power board.

June 20th, 2009 CHENNAI - Mining-cum-power company Neyveli Lignite Corp (NLC) is planning to enter hydel, wind and nuclear power generation, a top official said here Saturday. "We are interested in setting up a 1,000-MW hydel power project in Uttarakhand partnering with the state government.

June 17th, 2009 CHENNAI - The restructuring of Tamil Nadu Electricity Board (TNEB) is aimed at getting central assistance for various power projects and not for selling its subsidiaries to private parties, state Electricity Minister Arcot N. Veeraswami said here wednesday.

June 10th, 2009 Consideration of Sun-Times bonus plan on holdWILMINGTON, Del. — The Sun-Times Media Group has asked a bankruptcy judge to delay consideration of proposed bonuses of up to $1.8 million for certain employees in the event of a successful sale of assets.

April 30th, 2009 UAW overwhelmingly ratifies Chrysler settlementDETROIT — Members of the United Auto Workers have overwhelmingly ratified a settlement deal with Chrysler on Wednesday night. The UAW says 82 percent of production workers and 80 percent of skilled-trades workers voted for the agreement in balloting that took place at UAW Chrysler locations throughout the U.S.

March 2nd, 2009 CHENNAI - Neyveli Lignite Corp (NLC) will go ahead with its 1,000-MW power project in Tuticorin in Tamil Nadu despite a legal tussle over part of the project land between SPIC Electric Power Corp and the Tuticorin Port Trust, a top official said. 'NLC or its power subsidiary will not be affected by the land dispute.

February 28th, 2009 CHENNAI - External Affairs Minister Pranab Mukherjee will Saturday lay the foundation stone for Neyveli Lignite Corp's (NLC) 1,000-MW thermal power plant in Tuticorin. 'The Rs.59-billion (Rs.5,900 crore) project has a couple of special features like the reverse osmosis desalination plant, gas insulation switchyard and pile foundation apart from NLC's first venture into power generation with coal,' NLC chairman and managing director A.R.

January 1st, 2009 CHENNAI - The Rs.36.38-billion ($744 million) mining-cum-power company Neyveli Lignite Corp (NLC) will raise Rs.18.5 billion to fund its expansion projects. The company's board has sanctioned raising Rs.5 billion through private placement of secured non-convertible taxable bonds with an option to retain over-subscription up to Rs.1 billion and Rs.12.5 billion through a mix of rupee term loans, external commercial borrowing (ECB), and issue of bonds in one or more tranches.

December 22nd, 2008 RAIPUR - Keeping up its poll promises, Chhattisgarh's ruling Bharatiya Janata Party (BJP) announced Tuesday it would provide Rs.220 per 100 kg as a bonus amount to farmers during the ongoing government-sponsored paddy procurement drive. The announcement for bonus bonanza was made by Chief Minister Raman Singh after presiding over the maiden cabinet meeting at the state secretariat here.