HLL TO SPLIT BUSINESS LINES IN MAJOR REVAMP

Article Abstract:

Hindustan Lever Ltd (HLL) plans to restructure its business under a project code-named Project Millennium. It plans to split its trading into 40-50 business centres and delegate responsibility to young managers. The company plans to reduce its costs by 20 percent and take advantage of the supply chain, distribution network, back office and information technology. It has set up a 6-member team under Dadiseth for doing the preliminary work on the restructuring. McKinsey & Co will aid the 6-member team. The Project Millennium will be launched in 2000 AD. Its business will be split and the personal wash division may be divided into premium, discount and carbolic sectors. The detergents trade may be split into discount bars, specialist powders, premium bars and powders. Each business will get specific focus. (rk) (kvr)

Comment:

Hindustan Lever Ltd (HLL) plans to restructure its business under a project code-named Project Millennium.

Chemicals & Allied Products, Chemical Manufacturing, Chemicals, Hindustan Lever Ltd.

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FIS GIVE OKAY TO THREE-WAY SPLIT OF RADICO KHAITAN

Article Abstract:

The financial institutions have approved of the restructuring plan of Radico Khaitan Ltd (RKL). RKL is to be divided into three new companies - distillery, soya and fertilisers. The shareholders have approved the three way split of the company. The distillery company will have an equity of Rs14 crore, the soya company Rs5 crore and fertilisers Rs3.5 crore. As per the restructuring plan, for every 100 shares held in RKL, shareholders will be allotted shares in the distillery, soya and fertilisers companies in the ratio of 62:22:16. (rk)

Comment:

Will be divided into 3 new companies - distillery, soya & fertilizer bsnss - under its restructuring plan

Diversified Companies, Radico Khaitan Ltd.

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GAIL GETS OKAY FOR DELHI GAS DISTRIBUTION JV WITH BPCL

Article Abstract:

The Gas Authority of India (GAIL) has secured the approval of the Government of India to set up a joint venture with Bharat Petroleum Corporation Ltd (BPCL). The joint venture will undertake gas distribution in Delhi. GAIL will hold 22.3 percent stake in the project while BPCL will hold 22.5 percent and the National Capital Region administration of Delhi will hold 5 percent stake. The project envisages supply of fuel to 231,000 households, commercial consumers and 20,000 vehicles. The project cost is estimated at Rs537 crore. (vv)

Comment:

Gets govt approval to set up a joint venture w/ Gas Authority of India for gas distribution in Delhi, India

Joint ventures, Natural Gas Distribution, Gas Distribution, Bharat Petroleum Corporation Ltd., Gas Authority of India Ltd.

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