under the new process have no slots or punched holes and hence, have better load bearing capacity, besides having a homogenous appearance, Mr Bhatia said.MOBILE Telecommunications has acquired a Mumbai based unlisted company. The company Access Information Systems has an estimated revenue of ( )Rs 2 crore. The acquisition cost is estimated to be around ($1.7 m). According to the terms of the acquisition, Mobile will issue about 80 lakh shares to the promoter of Access — B Rangarajan. Subsequently, Mobile plans to merge with Access and consolidate its operations in infotech services. Post-merger, Mr Rangarajan will take over as MD of Mobile. Mobile, is currently engaged in trading electronic components. But now Vipin Gandhi, Mobile MD says, ``The acquisition will pave the way for our entry into the high growth information technology sector’’. However, he refused to divulge details of the deal, adding, ``We are looking at couple of more acquisitions to consolidate our presence in the IT sector’’. Mobile will focus on providing e-business solutions, designing web portals, outsourcing services to the insurance industry and providing IT-enabled services. Access was set up in ’86 to provide solutions to the insurance sector. It has currently over 50 professionals. The deadlock between Ogden Energy Incorporated and the Assam State Electricity Board continues. There is conflict over reviving the Bogaigaon Thermal Power Station. State power minister Hiten Goswami openly expressed his reservation over the draft agreement saying "it may land the state in trouble unless some of its clauses are amended. What the Ogden consultants said about my department delaying the project was not correct. We are interested to revive the sick units but not at the cost of state’s interest." At first the state had prepared a ( )Rs 170 crore project to renovate the BTPS that fa...
