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Malbro HPCL signs MoU to market LPG stoves

New Delhi, May 22 (UNI) Malbro Appliances today signed a Memorandum of Association (MoU) with Hindustan Petroleum Corporation Ltd (HPCL), to market fuel efficient and eco friendly Liquified Petroleum Gas (LPG) stoves in the country.

''The gas stoves will be under the brand name 'Advanta' and will be available in all the gas outlets of HPCL. It will be manufactured at Malbro's assembly unit in Parwanoo in Himachal Pradesh. With this stove the customer will be saving 68 per cent of the fuel as compared to ordinary gas stove,'' Malbro Appliances Managing Director Rajiv Malhotra said.

''All the components including rubber tubes and hoses are in-house products. We are currently developing a flame failure device, which will automatically switch off the gas in case of malfunctioning of the stoves,'' he added.

These gas stoves are certified by the Bureau of Indian Standards (BIS).

UNI MP ARB HT1752

Uniproducts India Board recommends 20 pc dividend

Mumbai, May 22 (UNI) The Board of Directors of Uniproducts India has recommended a 20 per cent dividend. The dividend is subject to the approval of its shareholders, the Company informed the Bombay Stock Exchange (BSE) today. UNI JJ MAZ VKG1740.....

German KfW extends Euro 54 mn loan to IL

Mumbai, May 22 (UNI) German bilateral KfW has extended a Euro 54 mn line of credit (LoC) facility to IL.....

HDDCF records Rs 390 crore turnover

Chandigarh, (UNI) The Hayana Dairy Development Co-operative Federation (HDDCF) has achieved a record turnover of Rs 390 crore, with a 90 per cent increase in net profit. The Federation has registered an increase in net profit from Rs 84.15 lakh last year to 160 lakh this year, despite making a repayment of Rs 5.50 crore to the National Dairy Development Board, Managing Director Devender Singh said today. The total amount paid to farmers was Rs.....
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