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Corporate developments
June, 02nd 2008

     Atlanta Ltd has received work orders amounting to Rs 89.42 crore for extraction, cutting, transfer of coal, and coal measure strata from Mahanadi Coalfields Ltd and South Eastern Coalfields Ltd.

IOL Netcom Ltd has received a Letter of Intent from Power Grid Corporation Ltd (PGICL) to provide last mile connectivity to over 6,000 members of the National Stock Exchange in Mumbai, Delhi, Kolkata, Chennai and Ahmedabad. The connectivity will be provided by IOL on its own and alliance partners Metro Ethernet Networks. The contract will add approximately Rs 50 crore annually to IOLs topline in addition to significant collection and FMS revenues from large broking houses across the country. The company also announced plans to create a pan India, ultra modern secure NGN network for mission-critical applications enabling it to execute similar projects for other organisations.

Mukta Arts Ltds subsidiary Whistling Woods International Ltd (Asias leading international institute for film, television, animation and media arts) in association with Manipal Education (Indias leading education group) is introducing a two-year MBA degree in media and entertainment, with specialisation in film, broadcasting, new and interactive media and event management. The course begins in July 2008.

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