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Industries Slash Production and Defer Projects as India Combats Economic Recession

BANGALORE, INDIA--November 21, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--PTC India Limited (BSE:532524) (New Delhi) recently reported that the worldwide economic crisis might delay projects for which the firm has entered into power-purchase agreements. The firm also clarified that in-house projects are not affected by the global financial crisis and the ensuing credit crunch. The firm is unable to secure financial closure for its projects and plans to raise funds after 2010 to meet its capital expenditure requirements.

Other companies featured: Tata Motors Limited (BSE:500570), Ashok Leyland Limited (BSE:500477), Ispat Industries Limited (BSE:500305), ArcelorMittal (NYSE:MT), DLF Limited (BSE:532868)

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Industry Segment: Industrial Manufacturing
Word Count: 628 Words

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