KPIT Cummins unit to acquire CPG Solutions for $13.2 million

KPIT Cummins Infosystems Ltd said its unit KPIT Cummins Infosystems will acquire US-based CPG Solutions for $13.2 million.

On Monday, KPIT Cummins shares ended 0.7% down at Rs172 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points.

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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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