Jindal Stainless on global expansion mode
Jindal Stainless Steel Ltd has embarked on an expansion spree
on all fronts. Its production plant at Hisar will expand production
capacity to 720,000 mt from 6,00,000 mt. This is in addition
to the 1.6 mt integrated steel plant being set up in Orissa
and the 60,000 mt stainless steel cold rolling plant in Indonesia
to cater to the South East Asian markets. On the international
front, it is setting up a warehouse in Italy along with new
offices in Czech Republic, Ukraine, Korea and Turkey.
It is also keen on developing a 2,500-acre SEZ Jajpur in Orissa
with an investment of Rs 10,000 crore. Its greenfield project
within the SEZ will have a capacity of 1.6 mmt per annum.
It is also going ahead with a new forward integration service
across the country for customised products and distribution
services in stainless steel for the consumer durables and
automobile segments. The service centres would be set up soon
in Mumbai, Chennai and Vadodara.
Contact: Jindal Stainless Steel Ltd.
Tel: 022-2492 4470-74. Fax: 022-2496 1400.
EADS to invest in India
The European aerospace and defence major EADS plans to invest
2 billion euros ($ 2.57 billion) in India over the next 15
years in various operations like production and setting up
of research and development facilities. It already has an
Airbus branch office and an EADS office in India. The company
is in talks with Hindustan Aeronautics Limited and its Eurocopter
subsidiary for development of a new army helicopter in India.
Contact: European Aerospace And Defence Major. Website: www.eads.com
Punj Lloyd joins hands with Kaefer for cold chain network
Delhi-based engineering construction major Punj Lloyd and
Germany-based Kaefer Insulation have entered in a joint venture
agreement to set up a cold chain network across South Asia.
The cold chain network is expected to include all insulation
projects like cryogenic insulation for liquefied petroleum
gas and compressed natural gas tanks, hot and cold insulation
for the oil and gas sector, fertiliser plants, power plants,
acoustic insulation and insulated panels for the food industry.
Contact: Punj Lloyd Ltd. Tel: 011-2620 0123.
Fax: 011-2620 0111. E-mail: firstname.lastname@example.org Website: www.punjlloyd.com
DCW plans Rs 525-cr capex
DCW Ltd, a 700 crore company, is planning to make a capital
investment of Rs 525 crore including a foreign currency convertible
bond issue of Rs 150 crore. The remaining expenditure will
be met by internal accruals and term loans from a consortium
of banks led by the State Bank of India. Manufacturers of
soda ash, caustic soda and PVC, the company's expansion will
be in phases beginning in September 2007 and ending by March
2008. DCW plans to increase its synthetic rutile production
from 30,000 tonne to 60,000 tonne.
Contact: DCW Ltd. Tel: 022-2287 1914/2287 1916. Fax: 022-2202
8838. E-mail: email@example.com Website: www.dcwltd.com
Sanyo to manufacture fridges locally
Sanyo is scouting for contract manufacturing partners to produce
its range of direct cool refrigerators in India. At present
the company imports appliances from its plants in Thailand
Contact: Sanyo India Pvt Ltd. Tel: 080-4197 7700. Fax: 080-4197
7701/02. E-mail: Ecrm.firstname.lastname@example.org Website: www.sanyoindia.com
7 MTNL projects behind schedule
Even as private telecom operators are ramping up and expanding
their network, subscribers of Mahanagar Telephone Nigam Ltd
may have to wait to taste the benefits of technology with
seven of the state-owned company's major projects running
The projects whose completion has been delayed include MTNL's
expansion plans in the broadband network, GSM cellular segment,
CDMA mobile services, leased line project, switching projects
and deployment of convergent billing solutions.
Contact: Mahanagar Telephone Nigam Ltd.
Tel: 011-2335 9273, 2335 9595. E-mail: feedback. email@example.com
Anand Auto plans Rs 500-cr expansion
Anand Automotive Systems, will invest Rs 500 crore to expand
operations in its group companies in the Haryana region over
the next five years.
Manufacturer and supplier of automotive components, the group
has 17 companies, operating 40 manufacturing facilities across
nine states, with an annual turnover of Rs 2,200 crore. Anand
has plans to make Gurgaon an important hub for its future
growth and development to meet increasing customer capacities.
Contact: Anand Automotive Systems.
Unichem Labs lines up Rs 175 cr investment
Unichem Laboratories, a Rs 477-crore pharmaceutical company,
has chalked out an ambitious multi-pronged strategy, which
includes setting up formulation manufacturing facilities at
one of the special economic zones (SEZ) in Indore, launching
new products from its Brazilian and South African subsidiaries,
expanding manufacturing capacities for both formulations as
well as bulk drug plants located in Goa, Ghaziabad, Baddi
(Himachal Pradesh), Roha and production of active pharma ingredients
(API) from Pithampur, at an investment of around Rs 175 crore
over the next two years.
Contact: Unichem Laboratories.Tel: 022-2678 0643 / 2678 2644.
Fax: 022-2678 4391 / 2678 8665. Website: www.unichemindia.com
Aditya Birla group forms JV in China
The Aditya Birla Group will form a joint venture with Hubei
Jing Wei Chemical Fibre Co, China for the manufacture of viscose
staple fibre. Aditya Birla Group will invest through Grasim
Industries Ltd, Thai Rayon Public Company Ltd, and PT Indo
Bharat Rayon, Indonesia, in the joint venture named Birla
Jing Wei Fibres Company Ltd.' The Indian group will have a
majority stake with Grasim Industries Ltd, having a little
over 30 per cent.
Contact: Aditya Birla Group. Tel: 022-5652 5000. Fax: 022-5652
5841. E-mail: investorrelations@ adityabirla.com Website:
Salzer to enter wire and cable segment
Rotary switch manufacturing major Salzer Electronics Limited
(SEL) is planning to widen its product base by entering into
the wire and cable segment in the current fiscal year. The
company plans to invest around Rs 30 crore for the expansion.
The fund would be raised through a mix of internal accruals
and bank financing.
Contact: Salzer Electronics Ltd. Tel: 0422-269 2531. Fax:
0422-289 2170. E-mail: firstname.lastname@example.org.
IOC to offer Kuwait firm stake in 2 projects
Indian Oil Corp (IOC) plans to offer Kuwait Petroleum Corp
(KPC) a stake in an upcoming refinery at Paradip in Orissa
and a naphtha cracker unit at Panipat, Haryana. IOC executed
a memorandum of understanding with KPC in March 2006 for cooperation
in trade of hydrocarbons, upstream oil and gas projects, downstream
oil projects, research and development and training in India,
Kuwait and in any other third country.
Contact: Indian Oil Corporation. Tel: 011-2626 0143. E-mail:
email@example.com Website: www.iocl.com
Biotech incubation centre languishes
Three years since its announcement and foundation laying,
the country's first full-fledged Biotechnology Incubation
Centre (BTIC), expected to come up in Hyderabad, is still
looking for funds to be completed. The estimated Rs 25-crore
venture is progressing slowly as the Andhra Pradesh Government
has said it has limited funds. The Union Department of Biotechnology
(DBT) has agreed to provide funds, but has not done so till
Contact: Department of Biotech. E-mail: firstname.lastname@example.org
Sugar refinery planned in Kakinada SEZ
A sugar refinery is to be set up in the port-based special
economic zone (SEZ) coming up in Kakinada, at a cost of over
Rs 300 crore, in a joint venture between EID Parry (India)
Ltd of the Murugappa group and Cargill International Ltd.
Sugar is to be imported from Brazil, refined in the unit and
exported. The unit is likely to be commissioned by December
2007. A captive power plant is also planned for the refinery.
It will be one of the major units coming up in the SEZ.
Contact: EID Parry (India) Ltd.
AppLabs opens new facility in Hyderabad
AppLabs Technologies has opened its new office in Hyderabad
with a capacity to accommodate about 500 people. This brings
the total square footage of office space leased by AppLabs
in Hyderabad to 120,000 and the total seating capacity to
1,500. AppLabs has over 1000 employees globally and offers
three primary services to help enterprises and independent
hardware and software vendors improve quality assurance throughout
the development lifecycle. These include Quality Assurance
Services, Development Services and KeyLabs Certification Services.
Contact: AppLabs Technologies Pvt Ltd. Tel: 040-2355 8000.
Fax: 040-2355 8111. E-mail: email@example.com Website: www.applabs.com
Nagarjuna Fert to expand capacity
Nagarjuna Fertilizers and Chemicals Limited (NFCL) is keen
on expanding the existing production capacity of urea from
12 lakh mtpa to 17 lakh mtpa. NFCL provides for seven per
cent of the country's total urea needs and meets 55 per cent
of the requirement of Andhra Pradesh.
Contact: Nagarjuna Fertilizers and Chemicals Ltd. Tel: 040-2335
7200/2335 7204. Fax: 040-2335 4788. Website: www.nagarjunagroup.com
Birla Cellulose plans Rs 350-cr expansion
Birla Cellulose, the fibre division of the Aditya Birla group
and the only producer of cellulose fibre in the country, is
investing Rs 350 crore in expansion of its Kharach plant near
Surat. This will increase the plant's capacity by about 18
per cent to 314,000 tonne of fibre a year.
The capacity expansion will only cater to the domestic industry,
of which the company has a wide clientele as the sole producer
of the environment - friendly fibre that is derived from wood
pulp. Currently, the company exports about 30 per cent of
its produce to over 34 countries and the client list abroad
includes names like Gap, Target and Marks and Spencer.
Contact: Aditya Birla Center. Tel: 022-5652 5000/2499 50000.
Fax: 022-5652 5750.
Gujarat to have auto testing unit
The Western India Automobile Association (WIAA)-Castrol Institute
of Motoring has proposed to the Gujarat government to establish
a vehicle testing facility in the state. The facility, a first-of-it-kind
initiative in the state, is likely to come up in Gandhinagar
and will see WIAA and RTO forming a joint venture to test
Contact: Western India Automobile Association.
Tel: 022-204 1085, 2288 0407. Fax: 022-2204 1382.
E-mail: firstname.lastname@example.org Website: www.wiaaindia.com
Bharati Shipyard to build oil rigs
Private shipyard major Bharati Shipyard has firmed up plans
to foray into oilrig construction. The company, which operates
three yards currently, has tied up with reputed US-based oil
manufacturing company for the project. However, Bharati declined
to name the US Company.
The oilrig building facility will be developed in Bharati
Shipyard's new site in Mangalore yard. The company has earmarked
Rs 500 crore for developing the Mangalore unit and another
existing three yards. Offshoring drilling count in India is
expected to double in next five years with more exploratory
well are opening up.
Contact: Bharati Shipyard. Tel: 022-2267 9090.
Fax: 022-2265 4044. E-mail: info@bharatishipyard. com Website:
RM Education to expand further
Thiruvananthapuram-based RM Education Solutions India (RMESI),
the offshore development centre of Britain's RM plc, a leading
supplier of software services and systems to the UK education
segment, will make its presence felt in the India soon. The
company has plans to further expand in Technopark, with a
total investment to Rs 10 crore. RMESI operates out of a total
of 23,500 sq ft of space of which only about 20,000 sq ft
is currently used. RMESI currently provides services ranging
from software development and maintenance, testing services,
packaging, real time support and remote network management
to the RM group firms.
Contact: RM Education Solutions India Pvt Ltd.
Tel: 0471-233 5577. Fax: 0471-270 0953. E-mail: email@example.com
HEG poised to increase output
HEG Ltd, manufacturers of graphite electrodes and part of
the $ 500-million LNJ Bhilwara Group, will set up a greenfield
unit abroad to double its output from 33,300 tonnes in 2005-06
to 100,000 tonne by 2010. The greenfield plant will have a
built up capacity of 30,000 tonne of the finished product.
HEG Ltd will invest Rs 160 crore for expansion of its Mandideep
plant near Bhopal. The company is considering options in central
Asia and Eastern Europe, where the cost of power and gas is
low, to set up its greenfield venture with an initial capacity
of 30,000 tonne.
Contact: HEG Ltd. Tel: 07480-233 524. Fax: 07480-233 522.
M&M to invest Rs 1,000 cr in 3 years
Auto major Mahindra & Mahindra will be investing Rs 1,000
crore on capacity expansion in the next three years and is
considering setting up assembly units in Russia and Malaysia.
The investment will include the development of Ingenio, engine
development and capacity expansion at the Uttaranchal plant.
The company expects its assembly unit in Egypt to start production
by the end of this fiscal. This unit is slated to manufacture
Scorpio with a capacity of about 5,000-6,000 units per year
and would also be used for exports in West Asia.
Contact: Mahindra & Mahindra. E-mail: corporate. firstname.lastname@example.org
M&M to invest Rs 550 cr in Nashik
Mahindra & Mahindra (M&M) has signed a memorandum
of understanding with the Maharashtra government to set up
a manufacturing facility at Nashik. M&M will invest Rs
550 crore in the project for its new multipurpose vehicle
(MPV) platform unit, Ingenio.
This is the third big investment by an auto company in the
state; the previous two were Tata-Fiat and General Motors
in the state in less than a month. The investment has been
declared a mega project by the state government as it involves
an investment of Rs 500 crore and provides employment to 1,000
people or more.
Contact: Mahindra & Mahindra.
Tata-BlueScope JV opens Pune unit
Tata BlueScope Steel, a 50:50 joint venture between Tata Steel
and Australia's BlueScope Steel recently inaugurated its first
roll forming and pre-engineered building solutions facility
in Pune. Two other facilities in Bhiwadi and Chennai are under
construction to cater to northern and southern territories.
The company is considering a facility in the eastern region.
The company is constructing a metallic coating and painting
facility at Jamshedpur. The new facility will have an annual
metallic coating capacity of 250,000 tonne and paint line
capacity of 150,000 tonne.
Contact: Sanjay Choudhry, Head, Corporate Communications,
Tata Steel. Tel: 0657-2431142.
Fax: 0657-2425182. E-mail: sanjay.choudhry@
tatasteel.com Website: www.tatasteel.com
RCF-GAIL to set up Rs 2,500-cr gasification plant
Rashtriya Chemicals and Fertilizers (RCF) will join hands
with Gas Authority of India (GAIL) to set up a Rs 2,500-crore
surface coal gasification plant at Talchar in Orissa. The
joint venture coal gasification plant will be the gas-sourcing
base for RCF's proposed Ammonia plant in the new fertiliser
complex. RCF has planned more projects in the next two to
three years and has earmarked a total investment of about
Rs 600 crore in these proposed projects.
Contact: Rashtriya Chemicals and Fertilizers.
Tel: 022-2404 5001/2/3/4. Website: www.rcfltd.com
CCS Infotech plans Rs 20-cr expansion
CCS Infotech has announced that it has lined up Rs 20 crore
for increasing the manufacturing capacity of its Pondicherry
factory, launching its joint venture company in South Africa
and expanding its operations in Singapore.
CCS would expand its present production capacity of 100 computers
a day to 150 computers at its Pondicherry plant, which manufactures
personal computers (PCs), servers and notebooks under the
CCS brand. It has so far manufactured over one million PCs.
The company is targeting revenue of Rs 80 crore for the fiscal
Contact: CCS Infotech Ltd. Tel: 044-2834 1121.
Fax: 044-2834 0784. E-mail: email@example.com Website:
DSM Anti-Infectives commissions new plant in Punjab
DSM Anti-Infectives, which manufactures Purimox, an antibiotic
with the highest purity, has commissioned a new plant at Toansa
in Punjab. The total project cost is above Rs 100 crore, and
has an annual capacity of producing 5,000 tonne of Purimox.
Commanding a 50 per cent market share, the company clocked
a turnover of $ 100 million last year in India and has plans
for further growth. The introduction of Purimox would largely
replace the use of Amoxicillin.
Contact: DSM Anti-Infectives. Tel: 0124-5179800. Fax: 0124
5179851. Website: www.dsm.com
Hyundai to set up R&D centre
Hyundai Motor Company will establish a research and development
centre in Chennai in two years, according to Dr Jung K Paeng,
Senior Vice-President and Chief Information Officer, Hyundai.
He said the company needed a global template solution for
its IT support. India is the natural choice because of the
country's IT expertise. About 1,000 people, mostly engineers,
would be employed at the R&D centre. Hyundai's second
manufacturing facility, coming up at its existing plant near
Chennai, would double the current manufacturing capacity of
3,00,000 units per annum, he said. About 50 per cent of this
would be exported.
Contact: Hyundai Motor India Ltd. Tel: 1800-11-4645, 098-7356-4645.
Sitel India sets up facility
Sitel India, a 50:50 joint venture between US-based BPO firm
Sitel Corporation and the Tata Group, has launched its global
delivery centre in Chennai with an investment of Rs 25 crore.
The Chennai expansion comes on the heels of the company's
recent customer deals, two in North America and two in Europe
for telecom and consumer products services. The deal sizes
ranged between $ 5 million and $ 12 million. The Chennai centre
will provide contact centre and back-office services to clients
in banking, financial services and insurance, telecom, and
Contact: Sitel India. Tel: 022-2856 1654.
Fax: 022-2856 1659. E-mail: firstname.lastname@example.org Website:
Tessolve plans testing unit in Chennai
Tessolve Inc, a US-based semiconductor and manufacturing services
company, has selected Chennai to set up its testing, assembling,
packaging and prototyping (TAPP) facility. The company is
likely to invest Rs 1,000 crore over a period of four-five
years. The facility, which may come up either in Sriperumbudur
or Oragadam, will become operational during next year, providing
jobs to 1,700 people.
Contact: Tessolve Inc. Tel: 080-4181 2500.
Fax: 080-4120 2626. E-mail: email@example.com Website:
Coimbatore foundries being relocated
A large number of foundries now functioning inside Coimbatore
city are being relocated in the three new foundry complexes
being established outside the city limits, at Arasur, Kallapalayam
and Manickampalayam. The move is expected to provide a cleaner
environment, and bring in an extra investment of about Rs
According to G Rajendran, President, Coimbatore Industrial
Infrastructure Association (COINDIA), the foundries, with
annual turnovers of Rs 20 lakh to Rs 3 crore, would also benefit
from modernisation and better marketing opportunities. COINDIA
is implementing the Pump, Motor and Foundry Cluster Project
(Coimbatore Cluster Project) at a cost of about Rs 58 crore.
The Central Government, which will provide Rs 40 crore for
the scheme, has released the second instalment of Rs 13 crore
for the project, which is expected to be completed by April
2007. Some 200 foundry units could be moved to these complexes
with common facilities, which would help the small units improve
quality and get export orders.
Contact: Coimbatore Industrial Infrastructure Association
(COINDIA). Tel: 0422-439 4128, 439 4227. Fax: 0422-222 3076
E-mail: firstname.lastname@example.org Website: www.coindia.in
SPEL plans Rs 1,280 expansion
Chennai-based SPEL Semiconductor Ltd will spend Rs 1,280 crore
($ 286 m) on expansion, over the next five years, according
to the company's Vice-Chairman, Ar. Rm. Arun. In the first
phase, to be completed by December, $ 30 million would be
SPEL Semiconductor now uses only 4 of the 22 acres of land
it owns, but will buy another seven acres to meet with the
regulatory requirement of 25 acres to set up a special economic
zone. "We will co-locate related industries in the SEZ,"
SPEL Semiconductor, which had a turn over of Rs 46 crore last
year, expects to reach Rs 70 crore this year. Arun said the
company would benefit from the trend in outsourcing assembly
and testing of ICs.
It also announced the launch of a new facility that can assemble
integrated circuits in a hi-tech package. ICs assembled using
the 'lead-less moulded package' technology would not have
leads - the pin-like legs - sticking out of them. Such ICs
are much smaller, and the devices using them, like mobile
phones, iPods, PDAs, can also be made smaller.
Contact: SPEL Semiconductors Ltd.
Tel: 044-4740 5490. Fax: 044-4740 5303.
E-mail: email@example.com Website: www.spel.com
Plans afoot for integrated footwear complex
The Central government has agreed to invest Rs 14.45 crore
for an integrated non-leather footwear complex at Pujali near
Budge Budge and a rural footwear service centre at Bamungachi
The Leather Forum Calcutta for Research & Development
(LFCRD), a forum for the leather products and footwear units
in West Bengal, will be developing the two sites jointly with
the Central Footwear Training Centre (CFTC). The state government
will pitch in by providing 10-12 acres at Budge Budge and
20 kottahs near Barasat for the projects.
Contact: Shri Kamal Dayani, Central Public Information Officer.
Tel: 011-2301 4547.
KMC to supply piped water to Dhapa, Kolkata
A Rs 98-crore project funded jointly by the Centre, the Government
of West Bengal and the Kolkata Municipal Corporation (KMC)
will supply piped water from the river Hoogly to the Eastern
Metropolitan Bypass (EMB) in Kolkata.
To stop withdrawal of groundwater currently used to meet the
needs of residents of the area, the KMC will construct a 30
million gallon per day (MGD) water treatment plant at Dhapa
by using existing raw water from Mullick Ghat pumping station
on the river Hoogly.
Contact: Kolkata Municipal Corporation.
Tel: 033-2286 1212/1313. Fax: 2286 1000.
Hindustan Composites to set up auto parts unit
Light engineering and auto component outfit Hindustan Composites
Ltd is planning to set up a break lining and clutch-facing
unit near the proposed Tata Motor plant at Singur in Hooghly
district of West Bengal. The company is in discussions with
tier-1 auto component manufacturers of Tata Motors for supplying
a few components as tier-2 manufacturer for the small car
project in the state.
Contact: Hindustan Composites Ltd.
Tel: 022-6653 0101. Fax: 022-6653 01 05.
E-mail: hcl@hindcompo. com
JV to invest Rs 342 cr in chemicals
A joint ventrure between Kolkata-based MCC PTA India Corp.
and a Japanese petrochemical consortium led by Mitsubishi
Chemical Corporation has been allowed to invest Rs 342 crore
in the manufacture, marketing, sale and distribution of purified
terephthalic acid (PTA) in West Bengal. Other members of the
consortium are Sojiz, Marubeni Toyota, Tsusho and Sumikin
Another FDI proposal, worth Rs 192.5 crore cleared by the
Centre is a joint venture by the Russia-based JSC Technochim
Holding and Saraf Agencies of Kolkata to manufacture titanium
products at Chhatrapur in Orissa. Altogether, Finance Minister
P Chidambaram approved 26 FDI proposals valued at Rs 992.84
crore on the recommendation of the Foreign Invest-ment Promotion
The major investment proposals relate to sectors such as industry,
chemicals and petrochemicals and petroleum and natural gas.
Contact: MCC PTA India Corporation Pvt Ltd.
Tel: 033-2246 2490. Fax: 033-2446 2467.