| Project Update
International
ONGC Mittal plans projects in Nigeria
ONGC Mittal Energy Ltd (OMEL), a joint venture between Mittal
Investments Sarl, the private investment company of the Mittal
family, and ONGC Videsh Ltd (OVL), the overseas investment
arm of ONGC, is planning to set up a 180,000-barrel-a-day
refinery, a 2,000-MW power plant and a railway line connecting
eastern and western Nigeria. The company recently received
the approval from Nigerian National Petroleum Corporation
for its refinery plan in the country. It had the won the rights
to explore in two deeper water blocks OPL-279 and OPL-285
in 2005 after committing to invest $6 bn in the core sector
of Nigeria and has already paid a signature bonus of $50 mn.
Contact: ONGC Videsh Ltd.
Tel: 011-2373 0368. Fax: 011-2373 0369.
Website: www.ongcvidesh.com
Indian auto companies to launch electric vehicles in US and
Europe
Indian automobile companies like Reva Electric Car Company
(RECC), Bajaj Auto and Tata Motors are planning to launch
electric vehicles in Europe and the US to take advantage of
subsidies these countries offer as part of their environmental
agendas. Tata Motors will launch the electric version of the
Indica Vista in Norway this year and RECC, which has been
exporting its electric cars to Europe since 2004, will set
up a factory in the US. Meanwhile, Pune-based Bajaj Auto has
tied up with European two-wheeler maker KTM to launch a range
of electric vehicles.
Punj Lloyd subsidiary executes projects
Punj Lloyd’s Singapore-based wholly owned subsidiary,
Sembawang Engineers and Constructors P Ltd, is executing several
infrastructure projects in Singapore, the Middle East, China
and Indonesia. The company’s projects in Singapore include
$335.3 mn Circle Line Mass Rail Transit System, a fully underground
orbital line spanning 33 km, with 29 stations linking all
radial lines leading to the city and two portions of the Marina
Bay Integrated Resort at the bay front. The resort will have
four upper levels and a four storey basement which will house
a casino, theatres and retail arcade.
Contact: Punj Lloyd Ltd.
Tel: 0124-262 0123. Fax: 0124-262 0111.
E-mail: info@punjlloyd.com
Website: www.punjlloyd.com
ICVL to develop Mozambique coal mine
International Coal Ventures Ltd (ICVL), an SPV created by
five PSU majors including Coal India and SAIL; is planning
to develop two coal mines A1 and A2 in Mozambique. The project,
involving increasing the capacity of the two mines to 5 mmtpa
coal in the first phase, will be developed in a joint venture
with either the Mozambique Government or its nominee. The
local partner will hold a participatory 15 per cent stake
in the joint venture. Of the two blocks, A1 has an estimated
reserve of 1 bn tonne thermal and coking coal reserve. CIL
will invest approximately Rs 700-800 crore in developing the
assets of this mine in the next five years.
Contact: Coal India Ltd.
Tel: 033-2248-8099. Fax: 033-2243-5147
Website: www.coalindia.nic.in
National
Reliance to supply gas to nine power companies
Reliance Industries recently signed gas sales and purchase
agreements with nine power sector customers for supply of
11 mmscmd natural gas at 11 different power generation facilities
from the KG-D6 block. These include Reliance Infrastructure
of the Anil Dhirubhai Ambani Group, for its 220 MW Samalkot
plant in Andhra Pradesh, GVK Industries, Lanco Kondapalli
Power, Maharashtra State Power Generation Company and Torrent
Power. The duration of contract is five years. The gas will
be transported through the East-West Pipeline of Reliance
Gas Transportation Infrastructure and the pipelines of GAIL
(India) and Gujarat State Petronet.
Contact: Reliance Industries Ltd.
Tel: 022-2278 5000.
Website: www.ril.com
BSA Motors to increase capacity
Chennai-based e-scooter manufacturer BSA Motors is planning
to increase its production capacity to 25,000 units from the
current 2,000 over the next 12 months. The company will invest
around Rs 28 crore for the expansion, of which Rs 15 crore
will be invested in augmenting the R&D and painting facilities
and Rs 12-13 crore in dealership (including sales, service
and sale of spare parts) and marketing. The company will also
add 120 dealers over the next six months and target Rs 80
crore sales in 2009-10. This will help it to capture 10-15
per cent share in the e-scooter market in the country during
the current fiscal. The company also plans to enter new international
markets including Sri Lanka and Nepal in 2009-10, followed
by Africa in 2010-11.
Contact: BSA Motors.
Website: www.bsamotorsindia.com
Three companies bag CGD projects
Three companies – DSM Infratech, Gail Gas and Bhagyanagar
Gas have bagged the right to lay city gas distribution (CGD)
networks in six cities. These include Gail Gas, which won
bids for four cities – Devas, Kota, Meerut and Sonepat.
The company will invest an initial amount of Rs 300 crore
in the project, which will be later increased to Rs 800 crore.
Similarly DSM Infratech, bagged the bid for Mathura city.
It will initially invest around Rs 200 crore in the project
with a debt equity ratio of 60:40. Bhagyanagar Gas Ltd, an
equal joint venture between Gail and HPCL, bagged the bid
to lay city gas network for Kakinada. These companies will
source natural gas from Petronet LNG and Panna-Mukta-Tapti
(PMT) fields.
ONGC adds 284 mn tonne oil, gas reserves in 2008-09
Oil and Natural Gas Corporation (ONGC) added 284 mn tonne
of oil and gas reserves in the 2008-09 fiscal. The state-run
company added in-place reserves of 284.81 mn tonne of oil
and oil-equivalent gas in the fiscal, of which an estimated
68.90 mn tonne are recoverable. The reserves have been added
in fields operated by ONGC within the country and do not include
the assets of its overseas subsidiary, ONGC Videsh Ltd (OVL).
They include NELP blocks, 12 new prospects and 13 new pool
discoveries from the five onland and three offshore sedimentary
basins. Besides, 12.19 mn tonne of reserves have also been
added in fields which ONGC operates in India with other private
sector firms. OVL, on the other hand, added 114.24 mn tonne
of recoverable reserves. In all, ONGC added 297 mn tonne of
in-place reserves, out of which 185.96 mn tonne are recoverable.
Contact: ONGC.
Tel: 0135-275 9561. Website: www.ongcindia.com
JSW Steel plans 600 branded outlets
JSW Steel, which recently inaugurated the first of its kind
exclusive branded retail showroom – JSW Shoppe through
its authorised distributor Siliguri Builders Stores in Siliguri,
is planning to have a pan-India presence with over 600 branded
outlets. These outlets will sell all products of JSW Steel
ranging from hot rolled to colour coated steels along with
long products. They will create brand awareness about JSW
superior product quality and ensure that the customers get
full value for money.
JSW Steel has nine shoppes in Maharashtra, seven in Uttar
Pradesh, six in Karnataka, four in Tamil Nadu, three each
in West Bengal and Haryana, two each in Rajasthan and Gujarat,
one each in Andhra Pradesh, Goa, Madhya Pradesh, Kerala and
Punjab. The company aims to produce 32 mn tonne of steel by
2020 and has steel plants coming up in West Bengal and Jharkhand.
Contact: JSW Group.
Tel: 022-2351 3000. Fax: 022-2352 6400.
Website: www.jsw.in
BMW India to expand operations
BMW India, which recently launched its new 5,000 sq ft sales
and service outlet, Kun Exclusive in Coimbatore is planning
to extend its dealership network across 10 additional cities
by 2010. This will be the second phase of the company’s
expansion plans and will include dealerships in Jaipur, Ludhiana,
Lucknow and Coimbatore. The company, a subsidiary of the BMW
Group, currently has 12 dealers in the Indian market.
Contact: BMW India Pvt Ltd.
E-mail: india@bmw.in Website: www.bmw.in
GAIL to complete Dabhol-Bengaluru pipeline project by 2012
GAIL India, which is currently implementing the first phase
of the 5,500-km, Rs 20,000-crore, Dabhol Bengaluru pipeline
project, will complete the entire project by 2012. The first
phase of the project involves construction of 3,000 km pipeline
with an investment of Rs 12,000 crore, while the second phase
will include a 730 km pipeline from Dabhol to Bengaluru, a
840-km pipeline from Kochi to Bengaluru with an investment
of
Rs 6,000 crore and the 876 km Jagdishpur-Haldia pipeline.
Contact: GAIL India Ltd.
Tel: 011-2617 2580. Fax: 011-2618 5941.
Website: www.gailonline.com
Hazira expansion of Essar Steel to complete by June 2010
The $2.7-bn expansion at Hazira plant of Essar Steel will
complete by June 2010. The expansion involves adding 5 mtpa
capacity of coal-based steel at the plant to take its total
capacity to 9.6 mtpa.
Essar Steel recently launched its Rs 75-crore third service
centre for offering customised steel in Haryana. The centre
will help the company to distribute steel, besides serving
as the auto hub in the state. The company plans to set up
similar centres in West Asia and America.
Contact: Essar Steel Ltd.
Tel: 022-2495 0606. Fax: 022-2492 8896.
E-mail: steel@essar.com
Website: www.essarsteel.com
Reliance re-enters petroleum products retail biz
Reliance Industries Ltd recently re-entered the petroleum
products retail business by re-opening two outlets in Jamnagar.
These outlets will initially retail diesel and auto LPG and
later extend to other products. The company plans to reopen
all of its 1,432 outlets in Gujarat and Maharashtra. They
were closed down last year due to mismatch in prices vis-a-vis
the public sector oil marketing company outlets.
Contact: Reliance Industries Ltd.
Toyota to ramp up capacity
Toyota Kirloskar Motor is planning to ramp up its present
capacity by importing parts and exporting completely built
units. It also plans to increase its production from the present
3,000 units to 5,000 units, standardise its showrooms across
the country, increase dealerships to 150 and launch two models
every year.
Contact: Toyota Kirloskar Motor.
Tel: 080-6629 2929.
Website: www.toyotabharat.com
Tel: 022-2278 5000. Website: www.ril.com
Andhra Pradesh
GHIAL to set up Aerospace Park in Hyderabad
GMR Hyderabad International Airport Ltd (GHIAL) is planning
to set up an aerospace park over 250 acre in Hyderabad. The
park, to be completed in 5-6 years, will offer services like
aircraft maintenance and repair, manufacturing of components
and sub-systems, and research and development for civil as
well as military aircraft. It will also provide training for
aviation industry personnel besides offering warehousing services
and support ancillary industries like tyre manufacturers.
GHIAL will also set up of a Rs 400 crore maintenance, repair
overhaul (MRO) facility in association with Malaysia Airlines
at the park. The land for the project has been designated
as Special Economic Zone and will enjoy tax and other financial
incentives.
Contact: GHIAL. Tel: 040-6672 3333.
Fax: 040-6662 4443. Website: www.hyderabad.aero
RINL to set up ferro alloy plant
Rashtriya Ispat Nigam Ltd (RINL) has signed an agreement with
the Manganese Ore (India) Ltd for setting up a ferro-alloy
plant in Vizianagaram. The plant on 100 acre will produce
ferromanganese and silico manganese. It will be managed by
the joint venture and will meet the ferroalloy requirements
of the company’ steel plant whose capacity is being
enhanced from 3.2 mn tonne to 6.3 mn tonne
Contact: Rashtriya Ispat Nigam Ltd.
Tel: 0891-275 0562. Fax: 0891-251 8316.
Website: www.vizagsteel.com
Goa
Universal Cables to manufacture optical fibres
MP Birla Group’s Universal Cables has signed a joint
venture agreement with Furukawa Electric for manufacturing
optical fibres. The joint venture will set up a new plant
at the company’s existing manufacturing facility in
Goa at Rs 50 crore. The plant will start commercial production
by December 2009.
Contact: Universal Cables Ltd.
Tel: 0257121-2741 4000. Fax: 07672-257 131.
E-mail: sales@unistar.co.in
Website: www.unistar.co.in
Gujarat
McNally Sayaji to expand operations
McNally Sayaji Engineering Co Ltd (MSEL), a 87.33 per cent
subsidiary of McNally Bharat Engineering Co Ltd is planning
to expand its operations by setting up a facility to manufacture
engineering items catering to the construction industry, mining,
metals and infrastructure sectors in Gujarat. The factory
on 40 acre will be set up with an investment of around Rs
50 crore. MSEL’s income in 2008-09 registered a growth
of 17 per cent, EBIDTA (operating) – 30 per cent, profit
– 36 per cent and profit after tax – 63 per cent.
Contact: McNally Bharat Engineering Co Ltd.
Tel: 033-6550 0725-39. Fax: 033-2248 0340.
E-mail: mbecal@mbecl.co.in
Website: www.mcnallybharat.com
Global Vectra to consolidate operations
Global Vectra Helicopters, a part of the $800-mn Vectra Group
and a dedicated offshore transportation services company servicing
the oil & gas exploration and production sector in India,
plans to invest $130 mn during the next two years to increase
its fleet strength to 45 and consolidate its operations. The
company has operations on both east and west coasts with clients
such as Reliance, British Gas, Gujarat State Petroleum Corporation
and ONGC.
Contact: Global Vectra Helicopters Ltd.
Tel: 022-6140 9200/01. Fax: 022-6140 9210
E-mail: globalhelicorp@vsnl.net
Website: www.vectragroup.com
Karnataka
JK Tyres plans OTR tyres unit in Mysore
JK Tyres is planning to set up a new OTR tyres unit in Mysore
with an investment of Rs 270 crore. It will invest Rs 120
crore in the first phase till March 2010 to produce 4,000
tyres, primarily for earth moving equipment maker BEML. This
capacity will later be increased to 9,000 units with an additional
investment of Rs 150 crore. The company also plans to expand
its passenger car radial tyres capacity at Gwalior to 5 mn
by investing Rs 50 crore in the facility.
Contact: JK Tyres. Tel: 011-2331 1112-7.
Fax: 011-2332 2059. Website: www.jktyre.com
Rasandik to set up three-wheeler plant near Mysore
Rasandik Motors Pvt Ltd, an arm of the Rasandik Engineering
Industries India Ltd, is planning to set up an assembly and
manufacturing plant for three wheelers on 20 acre near Mysore.
The first phase of the project will involve assembling of
the spares procured from the Greater Noida plant at Delhi.
This will offer the company a logistic advantage of saving
costs as customers will have to pay only about Rs 6,000 for
getting spares, assembling, direct supervision of quality
control and sales instead of getting six three-wheelers by
paying Rs 30,000 transport charges.
Contact: Rasandik Engineering Industries India Ltd. E-mail:
info@rasandik.com
Website: www.rasandik.com
Deepak Nitrite to set up Greenfield plant
Chemical production and services provider Deepak Nitrite Ltd
plans to set up a Greenfield plant for chlorination, hydrogenation
and nitration activities on 60 acre in the state with an investment
of Rs 225 crore. The plant will have an annual chlorination
capacity of 20,000 tonne and nitration capacity of 30,000
tonne. The 50-crore first phase of the project will commence
within 18 months.
Contact: Deepak Nitrite Ltd.
Tel: 0265-235 1013. Fax: 0265-233 0994.
Website: www.deepaknitrite.com
Kerala
Govt to re-evaluate Zoom bid
The State Government has decided to re-evaluate the tender
submitted by the Zoom Developers for its container trans-shipment
terminal project at Vizhinjam.. The tender process had run
into trouble after Zoom Developers went to the High Court
alleging that its bid was not properly evaluated before awarding
the contract to Lanco Kondappilly Power Ltd. The State Cabinet
has asked the Bid Evaluation Committee to examine the tender
documents. It has also decided to reconsider its decision
of awarding the Rs 4,500-crore contract to Hyderabad-based
Lanco Kondappilly Power Ltd.
Contact: Kerala Government.
Website: www.kerala.gov.in
Maharashtra
Bandra-Worli sea link to be operational by June 2009
The Bandra-Worli sea link is set to be operational by June
2009. The sea link, which is a part of the western freeway
plan suggested in the famous Wilbur Smith report of 1962-63,
has been built with the cost of Rs 1,800 crore. It can handle
nearly 1.5 lakh vehicles a day. In its first phase, four of
the eight lanes will open to traffic. The link will divide
the traffic between Bandra and Worli between the road and
sea, resulting in faster movement and less congestion.
Balco to close aluminium Plant
Bharat Aluminium Company (Balco), a 51-per cent subsidiary
of Sterlite Industries, is planning to close its plant-1,
which produces 100,000 tonne of aluminium every year, as the
dips in prices have made production unprofitable. Aluminium
prices fell to $1,421 a tonne recently on the London Metal
Exchange (LME) from last July’s all-time high of $3,271,
as the global credit crunch and economic slowdown curbed demand
for the base metal.
Contact: Bharat Aluminium Company.
Tel: 022-6643 4636. Fax: 022-6643 4652.
E-mail: aluminium.exports@vedanta.co.in
Website: www.balcoindia.com
Uniworld plans logistic park in Mumbai
Uniworld Logistics, which recently set up a Rs 50-crore integrated
logistics park in Chennai, is planning to set up a similar
park in Mumbai with an investment of Rs 75 crore. The company,
which has a working partnership with Emo Trans GmbH to cover
few countries including Germany, Canada and the US, acts as
an extended arm for companies in India and abroad to handle
products, bonding, storing and using the integrated logistics
part as a end distribution centre.
Contact: Uniworld Logistics Pvt Ltd.
Tel: 080-2563 3366. Fax: 080-2550 4771.
E-mail: corporate@uniworld-logistics.com
Website: www.uniworld-logistics.com/
Kamaz Vectra to produce 5,000 trucks
Kamaz Vectra Motors Ltd, the joint venture between the Vectra
Group and the Russian truck maker Kamaz Inc, plans to produce
about 5,000 trucks in the next three years with an investment
of $13 mn. This number will later be increased to 15,000 trucks
a year. The company also plans to produce 20 tonne tippers
(8 x 4) as they are suitable to the Indian market. It will
make India the hub for Asian and African markets and export
arount 20 per cent of the production. Kamaz Inc is one of
the largest manufacturers of trucks in Europe and a leader
in the cargo vehicle market in Russia and the CIS countries.
The company makes a range of cargo vehicles, including tractors,
side-board trucks and tippers. These vehicles are equipped
with different wheel arrangements with gross weights up to
120 tonne.
Contact: Kamaz Vectra Motors Ltd.
Website: www.vectragroup.com
NCR
Hind Sanitaryware to manufacture container glass
In the light of the slowdown in the real estate sector, Hindustan
Sanitaryware and Industries Ltd (HSIL) is planning to shift
its focus to glass container manufacturing. The company recently
commissioned its second container glass manufacturing plant
at Bhongir. The unit set up at a cost of Rs 250 crore, has
a capacity of 450 tpd. It produces 650 mn containers annually.
The company’s other unit at Sanatnagar has a 500 tpd
capacity and makes 950 mn containers a year. Overall the company’s
glass business is expected to garner a turnover of Rs 550-crore
in 2008-09 as against Rs 330 crore in the previous year.
Contact: Hindustan Sanitaryware and Industries Ltd. Tel: 0124-477
9200.
E-mail: delhi@hindware.co.in
Website: www.hindwarebathrooms.com
Tamil Nadu
MeTecno to upgrade Chennai plant
MeTecno (India) Pvt Ltd, the local arm of Italy-based Metecno
Group, is planning to invest around $7 mn (Rs 35 crore) in
upgrading its Chennai facility. The facility - MeTecno India
Pvt Ltd - produces 1.8 mn sq m of sandwich panels annually
for roof, wall and cold storage. The company also plans to
introduce pre fabricated house in it.
Contact: MeTecno (India) Pvt Ltd.
Tel: 044-4355 3350. Fax: 044-4355 3351.
Website: www.metecno.in
Cryolor Asia to manufacture storage equipment
Cryolor Asia Pacific, a wholly-owned subsidiary of France-based
Cryolor SA, is setting up a facility for manufacturing storage
equipment for liquefied gases on 13 acre near Chennai. The
company will invest Rs 45 crore for the project. The unit
will have a capacity of 40-50 tanks per month. The company
will also set up an additional plant for manufacturing products
like larger storage tanks and transportation equipment in
the second phase. The plant will be operational by 2010.
Uttarakhand
SKF’s Haridwar plant to be operational in 2010
The Rs 150-crore manufacturing facililty of SKF India, which
plans to increase its share in the two-wheeler and automotive
market in Haridwar, will become operational in January 2010.
It will have the capacity to produce 40 mn bearings annually
and increase the company’s production capacity.
Contact: SKF India Ltd.
Tel: 022-6633 7777. Fax: 022-2281 9074.
Website: www.skf.com
Tube Investments plans metal forming plant in state
Tube Investments of India, a Murugappa Group company, plans
to set up a metal forming manufacturing unit in Uttarakhand.
The unit, to be set up with an investment of Rs 146 crore,
will cater to the railway wagon segment. It will commence
operations in 2010 and generate Rs 200-300 crore revenue in
its first year.
Contact: Tube Investments of India.
Tel: 044-4217 7770. Fax: 044-4211 0404.
Website: www.tiindia.com
West Bengal
Concor commissions Durgapur terminal
Container Corporation of India (Concor) recently commissioned
the Durgapur terminal in West Bengal. The terminal on 30 acre
has been built with an investment of Rs 8 crore. It is Concor’s
59th terminal in the country and eighth in the eastern region.
The terminal will cater to iron and steel units located in
the Durgapur-Asansol industrial belt and function in tandem
with Concor’s Majherhat terminal in Kolkata port area.
It will later be upgraded into a full-fledged container freight
station.
Contact: Container Corporation of India.
Tel: 011-4167 3093. Fax: 011-4167 3112.
E-mail: co.pro@concorindia.com
Website: www.concorindia.com
India to upgrade transport infrastructure with Bangladesh
Indian Government is planning to upgrade its transport infrastructure
with Bangladesh by building new railway and seaport links
with the country. The government will establish a railway
connection between Akhaura and Agartala and also upgrade the
Chittagong and Mongal ports. This will help it to use these
to transport its goods to the northeastern states.
India’s steel consumption to grow in 2009
India’s steel consumption is expected to grow in 2009,
despite a decline in the rest of the world. This is mainly
due to the low per capita consumption in the country. India’s
per capita consumption at 38 kg is predominantly for domestic
use. Besides, none of the steel majors have cancelled their
existing capex plans in India. The brownfield expansion is
also on track.
Shoppers Stop to expand capacity
Department store chain Shoppers Stop is planning to expand
capacity by opening 12 more outlets with a total area of 650,000
sq ft across India in the next three years. Out of these,
four stores measuring around 55,000 sq ft each will be opened
in Bengaluru, Ahmedabad and Hyderabad in the current year.
Shoppers Stop recently pulled out of a catalogue retailing
venture with UK’s Home Retail group under the Hypercity-Argos
brand. It also moved out of the food business after announcing
that its Café Brio outlets will be replaced with Café
Coffee Day outlets over the next couple of months.
Contact: Shoppers Stop Ltd. Tel: 022-6688 7688. Fax: 022-2844
5060.
Website: www.shoppersstop.com
Westside to expand capacity
Westside, Tata's leading chain of retail stores, is planning
to expand capacity by opening 10 new stores in major cities
across the country in the current FY 2009-10. The company
recently opened its new 24,000 sq ft store in Nashik. In all
it has 37 stores in 21 cities including six stores in Mumbai
and two in Pune.
Honeywell opens office in Bengaluru
Honeywell, a US-headquartered technology and manufacturing
firm with operations in 100 countries, recently inaugurated
a 690,000 sq ft office in Bengaluru. The facility, set up
with an investment of $50 mn, is the company’s second
R&D centre in Bengaluru, and can accommodate 3,000 engineers.
Contact: Honeywell International India Pvt. Ltd. Tel: 0124-671
5000. Fax: 0124-671 5014.
Website: www.honeywell.com
GPPL to set up gas terminal
Gujarat Pipavav Port Ltd (GPPL) is planning to set up a LNG
Terminal at Pipava in consortium with the Essar group and
Mumbai-based Swan Energy. The company will bring in equity
partners for providing technology expertise or access to LNG
supply. Gujarat currently has two LNG terminals located at
Hazira and Dahej and the third one is being built at Mundra
by the GSPC-Adani consortium.
Contact: Port of Pipavav. Tel: 022-30011300. Fax: 022-3001
1333.
Website: www.pipavav.com
State PWD to implement Rs 1,000-cr projects in 2009
The Public Works Department of the state will implement projects
worth Rs 1,000 crore in the current year. These will include
a Rs 30-crore project for the construction of footpaths and
the second phase of the Kerala State Road Transport (KSTP)
project. PWD will borrow funds for implementing the KSTP project
from a financial institution within the country or outside.
CII to set up ‘Aero Park’
Confederation of Indian Industry (CII) is planning to set
up a 400-acre ‘Aero Park’ near Chennai. The Rs
45,000-crore park will be involved in the design, manufacture
and maintenance of all types of aircraft for both the civil
and military programmes, including training and education.
It will complete by 2015 and provide direct employment to
one lakh people, besides attracting global players.
Contact: Confederation of Indian Industry.
Tel: 011-2462 9994-7. Fax: 011-2462 6149.
Hero Electric plans unit in Chennai
Hero Electric, a manufacturer of electric two-wheeler and
a wholly-owned subsidiary of the Hero Group, is planning to
set up an assembly unit in joint venture with a local partner
in Chennai. The proposed unit, with an installed capacity
of 20,000 units, is likely to commence operations in four
months. The company also plans to set up a motor manufacturing
unit for its electric two-wheeler. The proposed unit may be
set up either as a Greenfield project with an European partner
or by acquiring an existing company.
Contact: Hero Electric. Tel: 011-4182 0050. Fax: 011-4182
0001.
E-mail: info@heroelectricindia.com Website: www.heroelectricindia.com
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