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BCCL buys stake in travel co

BCCL has acquired stake in Culture Holiday (I) Pvt Ltd, a company owning TravelChaCha.com, a travel portal, which provides end-to-end travel planning services. Travelchacha.com specializes in offering single-window booking portal to a traveller for all his travel needs, including flights,hotels, cars or tour packages. The portal provides extensive range of complete tour packages, from a short weekend tour, expansive leisure holidays, hill stations, beaches, pilgrimage, honeymoon and historical tours within India or abroad with the best rates in the industry. Speaking on the tie-up with BCCL, Sanjay Bhasin, CEO said, “We are pleased to take our BCCL partnership to the next level.” […]

RIL eyes acquisitions in polyester biz

Mukesh Ambani-spearheaded Reliance Industries, on Thursday said that its growth plans included greenfield investments and acquisitions besides adding 9 lakh tonnes per annum to its polypropylene capacity at its Jamnagar refinery. We will consolidate our position by pursuing greenfield investments and acquisitions in the entire value chain, RIL`s chairman and managing director, Mukesh Ambani, told shareholders at the company`s annual general meet here. The company will commission a 9,00,000-tonne per annum polypropylene facility this year at its new refinery in Jamnagar, making it the world`s third-largest producer. The company`s new 2.5 million tonne per year paraxylene manufacturing facility in Jamnagar would provide a platform for growth in the polyester business in India and overseas, he said. “The second potential avenue for growth and transformation is in alternative energy,” RIL chairman Mukesh Ambani said during the company`s annual general meeting here. “This is a natural extension of our conventional energy portfolio.” […]