DQE appoints Plus Licens as licensing representatives for Jungle Book

DQ Entertainment (International) Ltd said it appointed Plus Licens AB, one of Sweden's licensing and merchandising agents, as its licensing representatives for 'The Jungle Book'.

According to the agreement, Plus Licens will represent DQE on the commercial exploitation of all The Jungle Book merchandising and publishing agreements in several countries, the company said in a statement.

The agreement is commercially significant to DQE with estimated potential revenue in excess of a million dollars for the license term as estimated by Plus Licens. Plus Licens will market The Jungle Book merchandise and books early next year. 

Plus Licens is the largest licensing company in Eastern Europe and the Nordic countries, DQE said in a regulatory filing. 

On Monday, DQE shares gained 0.1% to Rs110 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points.

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KSK Energy to set up 540MW power plant in Maharashtra

KSK Energy Ventures Ltd said it is setting up 540 MW Wardha Warora Power Plant, comprising four units of 135 MW each at Warora in Maharashtra.

KSK Energy has commissioned and synchronised the Unit-1 of 135 MW. It has also completed the commissioning process for the synchronisation of the Unit-2 (135 MW) of the 540 MW with the grid. The power from the Unit-1 is being made available to the local utility under a short-term power purchase agreement. The power generated from the Unit-2 will also be made available to the local utility under the agreement, said the company in a statement.

The Unit-3 is expected to achieve boiler light up, steam blowing and synchronisation with the grid in the next three months. Thereafter, the work related to Unit-4 is expected to start and is schedule to complete before the end of March 2011, power generation from this unit will also begin, the company said in a regulatory filing.

KSK Group holds 87% of the equity of Wardha Power Company and the balance equity is held by industrial consumers who are expected to undertake power consumption collectively from Unit-3 and 4 of the power station.

On Monday, KSK Energy shares declined 0.5% to Rs175 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points

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India's vegetable oil imports may touch 95 lakh tonnes in 2010-11

New Delhi: India's vegetable oil imports are likely to increase to 93-95 lakh tonnes during the next oil year, ending October, 2011, reports PTI quoting an expert.

"For the next oil year (November, 2010 to October, 2011), Indian vegetable oil imports will expand further to between 9.3 and 9.5 million tonnes," Dorab Mistry said in Mumbai recently.

The country's vegetable oil imports during the current year are expected to amount to around nine million tonnes.
   
According to the Solvent Extractors' Association (SEA), during the first ten months of the current oil year, India's overall imports of vegetable oil rose to 74.47 lakh tonnes, up by 5% from 70.70 lakh tonnes in the same period last year.
   
Mr Mistry, however, said it was too early to say what oil India would import next year, but he had no doubt that sunflower oil imports would decline due to high prices.
   
"Higher soya oil tonnages will depend on the price relationship with palm. Also, do bear in mind these estimates are tentative because rapeseed has not even been planted," he added.
   
According to Mr Mistry, India is likely to import 72 lakh tonnes of palm oil, 15 lakh tonnes of soyabean oil and four lakh tonnes each of sunflower and lauric oils in the next oil year.
   
India's edible oil consumption has grown by 6.5% per annum since 2000-01 and currently stands at 147 lakh tonnes, valued at $15 billion, which is expected to go up to 200 lakh tonnes in 2015, according to Rabo India Finance.
 

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