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Eveready profit rises 415%
Eveready Industries India has recorded a profit after tax of Rs 16.05 crore for the quarter ended June 30, 2009, an increase of 415 per cent on the back of a four per cent gain in margins and excise duty benefit. Profit before tax increased 444 per cent to Rs 15.14 crore.Net sales increased six per cent to Rs 232.37 crore. Deepak Khaitan, executive vice chairman and managing director, Eveready said, the outlook for the next quarter was good. The company plans to reduce debt by Rs 50-60 crore this year through internal accruals and has also put up for sale its battery factory closed at Hyderabad.

UN chief urges world climate deal by year's end
UN chief Ban Ki-moon has pressed world leaders to publicly commit here next week to reaching a global climate change deal in Copenhagen in December.

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Newsmaker: David Smith
S Kalyana Ramanathan / New Delhi January 29, 2010, 0:51 IST
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Environment panel to look into green nod for power projects

In a bid to give a big push for the development of coal- and gas-based power projects in the country, the expert appraisal committee (EAC) under the Ministry of Environment and Forests (MoEF) will take up proposals for terms of reference and environment clearances for 31 projects with a total generation capacity of 35,700 Mw. - RPDAC meet soon to finalise Posco package - India ready to walk extra mile with Bangladesh - BHEL in talks with global firms to make nuclear reactors - 2009 - Economy wins slowdown battle; loses against prices - Mother Teresa on new US stamp - Scrap traders seek changes in tax duty structure The committee is scheduled to meet on January 11 and 12, for the first time this year, where it will discuss projects ranging from a minimum generation capacity of 54 Mw to the ultra mega power projects of 4,000 Mw. The committee would also consider a terms of reference for 60.9 Mw non-fossil fuel-based power plant by Seksaria Biswan Sugar Factory in Uttar Pradesh. “The ministry, headed by Jairam Ramesh, is bringing a lot of transparency for providing environment and forest clearances expeditiously to power, mining, industrial, coal and other infrastructure projects. The ministry is also aware of the long time taken in these clearances. The issue has been take up by ministries of power and coal in particular,” informed sources told Business Standard. Sources recalled that at a meeting convened by the power ministry on November 15 last year, various states had sought the ministry’s intervention for environment and forest clearances without inordinate delays. Besides, the coal ministry and the country’s largest coal producer, Coal India Ltd, had brought to the Centre’s notice that it takes two to four years to get environment and forest clearances for coal mining projects. EAC, in its communication to project developers, clarified that it would consider the proposal for environment clearance subject to confirmation of fuel and water linkage. Some of the major projects to be considered by EAC include the 4,000-Mw ultra mega power project by Tatiya Andhra Mega Power Ltd, 2,640-Mw Bhavanapadu Thermal Power Project by East Coast Energy Pvt Ltd (both in Andhra Pradesh), four thermal projects of 300 Mw each by JSW Energy at Jaigad near Ratnagiri for review of environment clearance, and four thermal power projects of 800 Mw each by JSW Energy at Chiefari near Ratnagiri (both in Maharashtra) for terms of reference. A large number of mango and cashew nut growers from Ratnagiri district in Maharashtra and non-government organisations have raised objections against these projects. A committee of MoEF had recently visited the project sites to get a first-hand information.


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