Oil Field Warehouse & Services forms joint venture with ASCO

Oil Field Warehouse & Services Pvt Ltd (OWS), a specialised oil and gas services provider said it formed a joint venture with Europe-based oil and gas supply chain services provider ASCO. No financial details were provided.

The 50:50 Indian joint venture aims to provide qualified and professional services to the operators and contractors working in the Indian sub-continent, OWS said in a release.

The joint venture company, named as OWSASCO Offshore Pvt Ltd, intends to professionalise all logistics, shore base and other support services in the oil and gas domain and bring it to the international standards, the company added.

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Vishal Cotspin changes name to Rodium Realty

Vishal Cotspin Ltd said it has been changed its name from Vishal Cotspin Ltd to Rodium Realty Ltd.

On Monday, Vishal Cotspin shares closed 1.5% up at Rs203 on Bombay Stock Exchange, while the benchmark Sensex ended 0.2% up at 18,032 points.

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ACIL Cotton Industries gets 173 acre land for contract farming

ACIL Cotton Industries Ltd said it received an additional 173 acre agriculture land to set up a unique business model of organic contract farming at Surendranagar in Gujarat. No financial details were provided.

The company holds a total of 322 acre of land for cultivation of various crops. It has already started farming in 149 acres of land in same district, ACIL Cotton said in a regulatory filing.  

This is the first step by company to cultivate organic harvests as a model called the integrated organic cultivation (IOC), which will guarantee farmers a market-supportive mechanism for selling their produce.

On Monday, ACIL Cotton Industries shares declined 2.1% to Rs35 on Bombay Stock Exchange, while the benchmark Sensex ended 0.2% up at 18,032 points.

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