Asia Africa Intelligence Wire articles from September 2002, page 3

Asia Africa Intelligence Wire archives from September 2002

SLOWDOWN IN INTERNET GROWTH (declining PC sales and high Internet usage and bandwidth charges affect Internet growth in the country).
September 30, 2002... (From India Business Insight) The Internet growth in India has witnessed a slowdown due declining PC sales and the high Internet usage and bandwidth charges. The cost of Internet access using a dial-up connection is among the highest...

SATYAM INFOWAY (India's leading Internet service provider has over 6,00,000 subscribers as of Mar 2002).
September 30, 2002... (From India Business Insight) Satyam Infoway (Sify) is the leading Internet service provider in India with over 6,00,000 subscribers as of Mar 2002. It registered 29 percent increase in revenues during 2001-2002 to Rs1,577.48 million...

SPICE TELECOM (subscribers base in Karnataka up by 62% to 1,94,086 in Aug 2002).
September 30, 2002... (From India Business Insight) Spice Telecommunications is a 51:49 joint venture between ModiCorp and Distacom Communications Limited of Hong Kong. Its subscriber base in Karnataka grew by 62 percent to 1,94,086 customers in Aug 2002...

ZIPPING AHEAD (Bharti Telenet launches Zipnet, a broadband Internet and data access service).
September 30, 2002... (From India Business Insight) Bharti Telenet has launched Zipnet, which is a broadband Internet and data access service that works on the digital subscriber line (DSL) technology. The service wall launched in Aug 2002 and will be...

VEBTEL TO INVEST Rs50 MILLION FOR FORAY INTO INTERNET TELEPHONY (to enter Internet telephony market by the end of 2002).
September 30, 2002... (From India Business Insight) Vebtel Obconic Internet Protocol, Hyderabad, will enter the Internet telephony market by the end of 2002 with an estimated investment of Rs50 million. The company has introduced a range of solutions and...

DANCE OF THE GEEK GOD: ITTIAM SYSTEMS (to become a significant player in the DSP software market).
September 30, 2002... (From India Business Insight) Ittiam Systems hopes to become a significant player in the $9- billion market for digital signal processing (DSP) software. Mr Srini Rajam, former country head of Texas Instruments in India, set up Ittiam...

THE BOYS AND THE DREAMS: MYZUS INFOTECH (has received funding worth $6,00,000 from venture capitalists).
September 30, 2002... (From India Business Insight) Myzus Infotech has developed Myzus Gateway, an application that unifies telecom and Internet's technology and languages. Myzus Gateway converts content written in Hyper Text Markup Language (HTML) to...

NO ENGLISH ON THESE SHORES: WEBDUNIA.COM (to develop regional language portals).
September 30, 2002... (From India Business Insight) Webdunia.com is engaged in the development of regional language portals. The company is working with three States to provide connectivity in local languages. Vinay Chhajlani is the Chief Executive Officer...

THE GAME BEGINS NOW: INDIAGAMES.COM (develops online games, has an inventory of 120 games).
September 30, 2002... (From India Business Insight) Indiagames.com is engaged in developing online games. The company has an inventory of 120 games. The company develops games for a range of platforms such as CD-ROMs, personal computers, handhelds and 3G....

RUMBLE IN THE ALLEY WAYS: DOWNUNDER (DownUnder offers bowling alleys, pool tables, karaoke, a dance floor and a cafeteria).
September 30, 2002... (From India Business Insight) DownUnder was set up in Chennai in 1996 as a family entertainment centre. The centre at present has bowling alleys, pool tables, karaoke, a dance floor and a cafeteria. The centre generates Rs60...

THE GENOME POSSE: STRAND GENOMICS (is engaged in developing solutions in bioinformatics).
September 30, 2002... (From India Business Insight) Strand Genomics, Bangalore, is engaged in developing solutions in bioinformatics. The company has developed Sphatika, a software that sifts through certain atomic structures of proteins. The company...

GAMBLE OF THE KEYMASTER: ODYSSEY TECH (is engaged in developing encryption products).
September 30, 2002... (From India Business Insight) Odyssey Tech is engaged in developing encryption products that run on a range of networks. The company develops hardware keys that restrict access to a network, software to encrypt documents and...

DAY OF THE SPIDERWOMAN: TECHNOCLEAN INDIA (is engaged in the business of window cleaning).
September 30, 2002... (From India Business Insight) Technoclean India is engaged in the business of window cleaning. The company has a turnover of Rs50 lakh. The major customers of the company are Times of India, Wockhardt, Grand Hyatt and International...

SHOUTING AT THE SCREEN: BATHINA TECHNOLOGIES (is engaged in the development of voice-automation package).
September 30, 2002... (From India Business Insight) Bathina Technologies (India) Ltd (BTIL) is engaged in the development of voice-automation package. The software works on Microsoft Windows and Microsoft Office and can be deployed as a voice-automation...

DISPARATE GROWTH OF EXPORTS, IMPORTS (exports increased by 17.7 percent during Jul 2002 and by 15.2 percent during Apr-Jul 2002).
September 30, 2002... (From India Business Insight) Exports increased by 17.7 percent during Jul 2002 and by 15.2 percent during Apr-Jul 2002. Exports were at $4,041 million during Jul 2002 ($3,433 million during Jul 2001) and at $15,865 million during...

KEY DEVELOPMENTS ACROSS THE SECTORS: OIL AND GAS-IOC (Indian Oil Corporation will execute the Chennai-Trichy- Madurai pipeline project on its own).
September 30, 2002... (From India Business Insight) Indian Oil Corporation (IOC) will execute the Chennai-Trichy- Madurai pipeline project on its own. The project was to be executed by Petronet India Limited in partnership with IOC and Chennai Petroleum...

KEY DEVELOPMENTS ACROSS THE SECTORS: OIL AND GAS (Government of India clears proposal to make the sale of gasohol mandatory in the country).
September 30, 2002... (From India Business Insight) The Government of India has cleared a proposal to make the sale of gasohol mandatory in the country. Gasohol or five percent ethanol blended petrol will be supplied in two phases. Gasohol will be...

KEY DEVELOPMENTS ACROSS THE SECTORS: REAL ESTATE (the first phase of UB City is expected to be ready for occupation by Mar 2005).
September 30, 2002... (From India Business Insight) The first phase of UB City is expected to be ready for occupation by Mar 2005. The project is `a mixed-use' real estate development project started by the UB Group. As per an understanding between...

KEY DEVELOPMENTS ACROSS THE SECTORS: REAL ESTATE (Indian Hotels Company Limited plans to set up small, affordable hotel chains in the US and China).
September 30, 2002... (From India Business Insight) Indian Hotels Company Limited (IHCL) plans to set up small, affordable hotel chains in the US and China. The Tata group-owned IHCL has 16 foreign properties with most of them in the Indian Ocean rim.

KEY DEVELOPMENTS ACROSS THE SECTORS: URBAN INFRASTRUCTURE (the first phase of the Rs500 million Durgapur city centre project is likely to be completed by Nov 2002).
September 30, 2002... (From India Business Insight) The first phase of the Rs500 million Durgapur City Centre project is likely to be completed by Nov 2002, which is four months ahead of the schedule. The project is promoted by Bengal Shristi...

KEY DEVELOPMENTS ACROSS THE SECTORS: URBAN INFRASTRUCTURE (the Mahindra Industrial Park Limited-promoted industrial park, Mahindra City, has commenced operations).
September 30, 2002... (From India Business Insight) The Mahindra Industrial Park Limited-promoted industrial park, Mahindra City, has commenced operations. The park is spread over 1,434 acres on National Highway-45 and is around 40 km from Chennai. The...

BRITISH GAS (has bought 30 percent stake of Enron Oil and Gas India in the Panna, Mukta and Tapti oil and gas fields).
September 30, 2002... (From India Business Insight) The British Gas Group (BGG) has invested more than $500 million in various assets in India. It has purchased the entire 30 percent stake of Enron Oil and Gas India in the Panna, Mukta and Tapti oil and gas...

DISINVESTMENT DEFERRED (divestment of the Government of India's holdings in HPCL and BPCL has been deferred).
September 30, 2002... (From India Business Insight) The divestment of the Government of India's holdings in Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) has been deferred due to political reasons. The...

AN INNOVATIVE APPROACH (Madhya Pradesh's "BOND-BOT" programme aims to convert 16 strategic state highways into expressways).
September 30, 2002... (From India Business Insight) Madhya Pradesh's "BOND-BOT" programme aims to convert 16 strategic state highways into expressways in line with global standards. The Madhya Pradesh Rajya Setu Nirman Nigam (MPRSNN) is implementing the...

CEMENT INDUSTRY IN INDIA (production and consumption of cement registered a 12 percent growth between Apr 2002 and Aug 2002).
September 30, 2002... (From India Business Insight) The cement industry in India registered a growth of 9.67 percent during 2001-2002 (two percent during 2000-2001). The production and consumption of cement registered a 12 percent growth between Apr 2002 and...

MAJOR CEMENT MANUFACTURERS: GUJARAT AMBUJA CEMENT LIMITED (plans to consolidate its position by increasing its capacity by acquisitions and greenfield ventures).
September 30, 2002... (From India Business Insight) Gujarat Ambuja Cement Limited (GACL) was set up in 1981 as a joint sector of the Gujarat Industrial Investment Corporation and Narotam Sekhsaria. Its facilities are located at Ambujanagar, Solan, Ropar,...

MAJOR CEMENT MANUFACTURERS: ASSOCIATED CEMENT COMPANY (it was set up in 1936 and is an amalgamation of 10 cement companies).
September 30, 2002... (From India Business Insight) Associated Cement Company (ACC) was set up in 1936 and is an amalgamation of 10 cement companies. Cement chips in 90 percent of the company's gross turnover. ACC has 13 cement plants across nine states in...

MAJOR CEMENT MANUFACTURERS: GRASIM INDUSTRIES (has manufacturing facilities in Karnataka, Tamil Nadu, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra).
September 30, 2002... (From India Business Insight) Grasim Industries is the flagship company of the Aditya Birla Group. Cement chips in 40 percent of its sales turnover and over 50 percent of its profits. Grasim Industries has manufacturing facilities in...

MAJOR CEMENT MANUFACTURERS: LARSEN and TOUBRO (it is the largest cement company in India with a capacity of 15.25 million tonnes per annum).
September 30, 2002... (From India Business Insight) Larsen and Toubro (L and T) is the largest cement company in India with a capacity of 15.25 million tonnes per annum. It has manufacturing facilities in Gujarat, Maharashtra, Andhra Pradesh, Tamil Nadu and...

PARTNERS TARGET 30% GROWTH IN OND (for hardware).
September 30, 2002... (From India Business Insight) Hardware segment, partnering software in the growth of Garden City, booked a growth of ten percent in Jul-Aug 2002. The segment now expects a 30-percent growth in Oct-Dec (OND) quarter. Telecom and...

17" MONITOR SALES GROW BY 15% (it gives a better margin).
September 30, 2002... (From India Business Insight) The difference between the prices of 15-inch and 17-inch monitors has come down to Rs2,000. Besides, the margin on the 17-inch monitor is higher. This has led bigger volumes for the bigger monitor, the...

EXPORTS OF SYNTHETIC AND RAYON TEXTILES UP BY 32 PERCENT (to Rs531.54 crore in Apr 2002).
September 30, 2002... (From India Business Insight) Exports of synthetic and rayon textiles from India grew by 32 percent to Rs531.54 crore in Apr 2002, says Mr Sanjeev Saran, Chairman of Synthetic Rayon Textile Export Promotion Council. The exports during...

RIL SEEKS MNC PARTNER FOR TEXTILES (may join hands with a Japanese textile major).
September 30, 2002... (From India Business Insight) Reliance Industries Ltd (RIL), which has restructured its textile business, is scouting for a foreign partner. The company is likely to join hands with a Japanese textile major, which is expected to bring in...

ARVIND MILLS: LOWER INPUT PRICES HELP PROFITS (raw material costs dropped by 25.6 percent to Rs112.2 crore).
September 30, 2002... (From India Business Insight) Arvind Mills Ltd (AML) has reported 7.1 percent growth in operating revenues at Rs353.8 crore in Apr-Jun 2002. Operating profit jumped to Rs101.8 crore (Rs47.8 crore) and operating profit margins to 28.8...

CROCODILE MAY SELL 26% IN E-TECH (to a private equity fund for Rs12 crore).
September 30, 2002... (From India Business Insight) Crocodile, a menswear brand, is considering selling 26 percent stake in its marketing arm, Crocodile E-Tech, to a private equity fund for Rs12 crore. It has appointed Deloitte Touche Haskin and Sells...

GRASIM PROPOSES Rs500 CRORE NCDs TO MEET CAPEX (major portion of the funds raised to be used to swap high cost debt).
September 30, 2002... (From India Business Insight) Grasim Industries Ltd (GIL) is planning to raise Rs500 crore through secured redeemable non-convertible debentures (NCDs) to meet capital expenditure and working capital requirements. The company has...

INDIAN RAYON RECORDS 52% SURGE IN Q1 PROFIT (at Rs15.08 crore during Apr-Jun 2002).
September 30, 2002... (From India Business Insight) Indian Rayon and Industries Ltd (IRIL), Aditya Birla Group company, has reported 52 percent higher net profit at Rs15.08 crore during Apr-Jun 2002 (Rs9.91 crore during Apr-Jun 2001). Net sales grew by 7...

PROMOTERS NOT TO INCREASE STAKE IN CENTURY ENKA (BK Birla group and Akzo Nobel of the Netherlands clarify).
September 30, 2002... (From India Business Insight) Promoters of Century Enka, BK Birla group and Akzo Nobel of the Netherlands, have clarified that they have no plans to increase their stake in the company. Denying the rumours on change of shareholding...

KOB AWAITING LICENCE TO ENTER DOMESTIC MARKET (Tamil Nadu Government forwards the application to Government of India).
September 30, 2002... (From India Business Insight) Karl Otto Braun (KOB) of Germany, which makes medical textiles, began its operations in India in 2000. It has a 100 percent export oriented unit in Tamil Nadu. The company has sought licence from the...

OXEMBERG AIMS AT RS100 CRORE TURNOVER IN 2 YEARS, FORAYS INTO WESTERN REGION (to set up six exclusive outlets in Mumbai, four in Pune and six in Delhi in the next 18 months).
September 30, 2002... (From India Business Insight) Siyaram Silk Mills' readymade garment division, Oxemberg, has set a target turnover of Rs100 crore to achieve by 2004 (Rs65 crore in 2002). It is planning to move into class A cities and Western Indian...

RAYMOND NETS Rs4 CRORE (textile division grows by 46% to Rs108.9 crore).
September 30, 2002... (From India Business Insight) Raymond has recorded a net profit of Rs4.3 crore during Apr-Jun 2002 (Rs4.6 crore net loss in Apr-Jun 2001). Its turnover grew by 26 percent to Rs166.7 crore (Rs132.1 crore). The turn around is attributed to...

RAYMOND LOOKS FOR ACQUISITIONS (in textiles and engineering segments).
September 30, 2002... (From India Business Insight) Raymond India Ltd (RIL) is scouting for acquisition targets in textiles and engineering files segments. The company is open to acquiring both domestic or overseas companies. It has reserves of Rs900 crore....

PROMOTERS TO HIKE COATES STAKE BY 10% (DIC Asia-Pacific of Singapore to increase stake in Coates of India Ltd from 59.42% to 69.42%).
September 30, 2002... (From India Business Insight) Coates of India Ltd (CIL) has accepted a proposal by its parent, DIC Asia-Pacific of Singapore, to increase latter's stake by 10 percent to 69.42 percent. The parent plans to acquire the shares from...

GRASIM NET UP 3% (at Rs105.4 crore during Jan-Mar 2002).
September 30, 2002... (From India Business Insight) Grasim Industries Ltd (GIL), a flagship of Aditya Birla group, has recorded 3.2 percent growth in net profit at Rs105.4 crore during Jan-Mar 2002 (Rs102.2 crore during Jan-Mar 2001). This is despite 15...

FOOD CROP LOSS, 15M TONNES (owing to the late revival of the southwest monsoon).
September 30, 2002... (From India Business Insight) The late revival of the southwest monsoon during Aug 2002 is expected to lead to a loss of about 15 million tonnes in food grains production. While the kharif harvest is likely to decline by 20 million...

CUP OF WOES OVERFLOWS (tea production during 2002 to decline by four percent to 822 million kgs).
September 30, 2002... (From India Business Insight) Indian tea industry is adversely affected by depressed prices, stagnant production and declining exports. According to an assessment by Indian Tea Association (ITA), tea production during 2002 is likely to...

MSRDC: A ROAD TO EXCELLENCE (Maharashtra State Road Development Corporation has undertaken about 20 projects estimated to cost Rs35,000 crore).
September 30, 2002... (From India Business Insight) Maharashtra State Road Development Corporation (MSRDC) was established by the Government of Maharashtra to upgrade existing roads and construct new roads, flyovers, highways, bridges and expressways in an...

MIHAN: WORLD-CLASS MULTI-MODAL HUB (Maharashtra Government is developing a multimodal international hub airport at Nagpur with an investment of Rs2,581 crore).
September 30, 2002... (From India Business Insight) The Government of Maharashtra is developing a multimodal international hub airport at Nagpur (MIHAN) with an investment of Rs2,581 crore. MSRDC will execute the project, which will have a special economic...

OTHER PROJECTS (Maharashtra State Road Development Corporation is undertaking the Rs114.47-crore Amravati City Integrated Road Development Project).
September 30, 2002... (From India Business Insight) Maharashtra State Road Development Corporation (MSRDC) is undertaking the Rs114.47-crore Amravati City Integrated Road Development Project. It will also implement the Rs167.80-crore Aurangabad City...

DESIGNING OF A CHALLENGING JOB (Consulting Engineering Services work out the connection of two stretches of Mumbai-Pune expressway project).
September 30, 2002... (From India Business Insight) Consulting Engineering Services (India) Private Limited (CESIP) worked out the connection of the two stretches of the Mumbai-Pune expressway project. To solve the problem posed by the new alignment, it...

A REMARKABLE BOT PROJECT (MSRDC is implementing the 4-laning project on Kangal- Kolhapur-Satara section of NH4).
September 30, 2002... (From India Business Insight) MSRDC is implementing the four-laning project on Kangal-Kolhapur- Satara section of NH4. The 133km-long stretch is part of the Golden Quadrilateral project, which is being implemented by National...

LAUDABLE ROLE IN CONSTRUCTING FLYOVERS (UP State Bridge Corporation has executed the flyover at Golden Dyes Junction and K V Yadav Chowk flyover).
September 30, 2002... (From India Business Insight) Maharashtra State Road Development Corporation plans to construct 50 flyovers to ease the traffic in Mumbai and its suburbs. In execution of these plans, UP State Bridge Corporation (UPSBC) has executed the...

FAST TRACK APPROACH (Simplex Concrete Piles executed the flyover at Aarey Colony Junction in Goregaon).
September 30, 2002... (From India Business Insight) Simplex Concrete Piles (India) (SCPI) is a leading construction company in India with a presence in infrastructure, large industrial and marine construction. It offers civil and structural engineering...

ACC OPENS NEW CHAPTER (it pioneered the bulk cement concept in India).
September 30, 2002... (From India Business Insight) Associated Cement Companies (ACC) acted as a supplier of cement for the Mumbai-Pune expressway project and the 55 flyover projects being executed by MSRDC. It pioneered the bulk cement concept in India and...

NEW MAHABALESHWAR HILL STATION (Team One Architects prepared the feasibility report for the development of new Mahabaleswar).
September 30, 2002... (From India Business Insight) Team One Architects (India) Pvt Ltd prepared the feasibility report for the development of new Mahabaleswar, to the south of the existing Mahabaleshwar along the Koyna backwaters. The entire valley belt spans...

MUMBAI-PUNE EXPRESSWAY: A CONCRETE WAY TO A CONCRETE FUTURE (it is India's first modern expressway having a concrete pavement and six lanes).
September 30, 2002... (From India Business Insight) Mumbai-Pune expressway is India's first modern expressway having a concrete pavement and six lanes. It is designed to global standards and is provided with modern facilities, road furniture, and beautiful...

SECTION B OF EXPRESSWAY (Hindustan Construction Company has bagged the contract for section B of Mumbai-Pune expressway).
September 30, 2002... (From India Business Insight) Hindustan Construction Company (HCC) has bagged the contract for section B of Mumbai-Pune expressway, by Maharashtra State Road Development Corporation. The stretch spans 16.2 kms and is the highest value...

'OPEN UNIVERSITY' FOR PROJECT MANAGEMENT (Maharashtra State Road Development Corporation follows a system wherein alternatives are thrown open for discussion).
September 30, 2002... (From India Business Insight) Maharashtra State Road Development Corporation (MSRDC) has adopted a professional management system for successful completion of the assigned project. In this system, alternatives are thrown open for...

ROAD BUILDING ON BOT BASIS (the total cost of integrated road development project in Maharashtra works out to Rs3,045.3 crore).
September 30, 2002... (From India Business Insight) MSRDC has executed 33 flyovers as part of the Rs1,600-crore major infrastructure project for Mumbai. It is getting Rs70 crore per annum from toll, and about Rs3 crore from advertisement and commercial use....

GOING FROM STRENGTH TO STRENGTH (Nagarjuna Construction Company of Hyderabad is among the biggest construction companies in India).
September 30, 2002... (From India Business Insight) Nagarjuna Construction Company (NCC) of Hyderabad is among the biggest construction companies in India and is engaged in the execution of civil, electrical and structural steel works. It has ventured...

A FEATURE ON SHIPPING (Shipping Corporation of India registered a net loss of Rs6 crore during the first quarter of 2002-2003).
September 30, 2002... (From India Business Insight) The Indian shipping industry is adversely affected by a depressed freight market with Shipping Corporation of India (SCI) registering a net loss of Rs6 crore during the first quarter of 2002-2003 (net profit...

INTEGRATED SEA TRANSPORT (Essar Shipping will focus on energy transportation, coastal transportation and port and terminal business).
September 30, 2002... (From India Business Insight) Essar Shipping (ESL) of Ruia Group is the second largest private sector shipping company in India with a diversified fleet of 35 ships of 1.5 million deadweight tonnage. It is remodelling its activities to...

EXPLORING NEW GROWTH OPPORTUNITIES (Varun Shipping has the largest LPG fleet in India).
September 30, 2002... (From India Business Insight) Varun Shipping has a fleet of more than 12 vessels including tankers, gas carriers and bulk carriers with total assets amounting to more than Rs6,000 million. It has the largest LPG fleet in India giving it...

A LEADER IN COASTAL SHIPPING (Shahi Shipping is involved in the transportation of fresh potable water, iron ore, oil, chemicals, heavy machinery and project cargo).
September 30, 2002... (From India Business Insight) Shahi Shipping is a leading player in coastal shipping and is involved in the transportation of fresh potable water, iron ore, oil, chemicals, heavy machinery and project cargo. It has offices on the east...

SPREADING WINGS (Dynacom Tankers Management plans to start courses in bridge team management and engine room team management).
September 30, 2002... (From India Business Insight) Athens-based Dynacom Tankers Management has offices in Mumbai, New Delhi and Chennai, which handle its Indian operations. It is awaiting six new deliveries from Korea and Japan to be added to its fleet of 42...

VITAL LINK, MAJOR FORCE (Foreign Owners and Ship Managers Representatives Association protects the interests of shipowners and managers in India).
September 30, 2002... (From India Business Insight) Foreign Owners and Ship Managers Representatives Association (FOSMA) protects the interests of shipowners and managers in India even as it interacts with the Government and maritime unions. It set up its...

A TO Z IN STEVEDORING (Sai Shipping is a shipping agent for foreign ships and undertakes all activities on a turnkey basis).
September 30, 2002... (From India Business Insight) Sai Shipping is a shipping agent for foreign ships and undertakes all activities on a turnkey basis. It has a network of six offices located at critical port destinations in India. It manages a varied...

SOUND FUNDAMENTALS (Cummins India to amalgamate two of its subsidiaries, Power Systems India and Cummins Power Solutions, with itself).
September 30, 2002... (From India Business Insight) Cummins India Ltd (CIL) of Pune is the 51-percent subsidiary of US-based Cummins Inc. it is a market leader in the design, development and manufacture of diesel engines and it offers a wide range of...

TIE-UP WITH SAICOM (to terminate voice calls via the Internet).
September 30, 2002... (From India Business Insight) Mumbai-based Amex Information Technologies (AIT) has formed a strategic tie-up with British company Saicom, to terminate voice calls via the Internet. The tie-up is slated to help AIT register additional...

IOC CONSTRUCTS TAMIL NADU PIPELINE ON ITS OWN (as Petronet India failed to get funds to implement the project).
September 30, 2002... (From India Business Insight) Indian Oil Corporation (IOC) is building the Rs400-crore Chennai- Tiruchirapalli-Madurai products pipeline network on its own, as Petronet India failed to get funds from financial institutions to implement...

STPI REGISTERS 80% RISE IN SOFTWARE EXPORTS (Karnataka's software exports netted Rs9,904 crore during 2001-2002).
September 30, 2002... (From India Business Insight) The Software Technology Park of India (STPI) registered an 80 percent increase in its software exports during 2001-2002 (70 percent during 2000-2001). It achieved a 47 percent increase in value terms to...

NLC PLANS TO EXPAND LIGNITE MINES (will implement projects worth Rs14,000 crore during the Tenth Five-year Plan period of 2002-2007).
September 30, 2002... (From India Business Insight) The Neyveli Lignite Corporation (NLC) will implement projects worth Rs14,000 crore during the Tenth Five-year Plan period of 2002-2007 in Neyveli and other locations in India. It is awaiting the approval of...

HAL BUILDS MACHINING UNIT (will establish a Centre of Excellence for machines involving forgings and castings).
September 30, 2002... (From India Business Insight) The Rs2,730-crore Hindustan Aeronautics Ltd (HAL) will establish a centre of excellence for machines related to forgings and castings, with an investment of around Rs200 crore. HAL has bagged trial orders...

ALEMBIC HAS BIG PLANS (targeting sales of about Rs1,800 crore by 2007).
September 30, 2002... (From India Business Insight) Alembic Ltd of Baroda is aiming at sales of about Rs1,800 crore by 2007. It hopes to make a turnover of Rs1,000 crore by 2004 and has formulated a detailed strategy that focuses on the domestic market to...

INGERSOLL EYES NHAI'S PROJECTS (as they are likely to create a Rs1,800-crore market for construction equipment).
September 30, 2002... (From India Business Insight) Construction equipment company Ingersoll-Rand expects to garner business from the Rs54,000-crore road project of the National Highway Development Authority (NHDA). The project spans 13,500 kilometres...

VALIDATION LABORATORY OPENED (equipped with sophisticated instruments for undertaking validation of sterile filtration processes).
September 30, 2002... (From India Business Insight) Pall India has opened a modern validation laboratory in Mumbai that is equipped with modern and sophisticated instruments for undertaking validation of sterile filtration processes. The laboratory will cater...

MEDICINE SHOPPE PLANS MORE OUTLETS (will set up 500 units on a sub-franchisee basis by 2006).
September 30, 2002... (From India Business Insight) Medicine Shoppe India (MSI) will set up 500 outlets on a sub-franchisee basis by 2006. It now has 35 such outlets across India. The outlets will provide customers free accident coverage and household...

SUCCESS STORY FROM SRINAGAR (the Jammu and Kashmir Bank recorded a 21.36% growth in turnover to Rs19,335 crore during 2001-2002).
September 30, 2002... (From India Business Insight) The Srinagar headquartered Jammu and Kashmir Bank (J and KB) is the first State-owned bank in India with the J and K Government holding a 53 percent stake in the bank. It has a network of 446 branches in...

THE DIE IS CAST (high pressure die casting is the most competitive process for making high-volume metal components).
September 30, 2002... (From India Business Insight) High-pressure die-casting is the most competitive process for manufacturing a wide range of high-volume metal components. It is a fast, precise process that affords a high degree of automation. The aluminium...

MAJOR CEMENT MANUFACTURERS: MADRAS CEMENTS LIMITED (has an installed capacity of 5.75 million tonnes per annum).
September 30, 2002... (From India Business Insight) Madras Cements Limited (MCL) has an installed capacity of 5.75 million tonnes per annum with plants in Tamil Nadu, Karnataka and Andhra Pradesh. It registered an 18 percent increase in net sales during...

MAJOR CEMENT MANUFACTURERS: DALMIA CEMENTS LIMITED (has a total installed capacity of 1.1 million tonnes per annum at its plants in Tamil Nadu).
September 30, 2002... (From India Business Insight) Dalmia Cements Limited (DCL) has a total installed capacity of 1.1 million tonnes per annum at its plants in Tamil Nadu. DCL registered a 1.3 percent increase in total revenues during 2001- 2002 to Rs4.17...

MAJOR CEMENT MANUFACTURERS: BIRLA CORPORATION LIMITED (has manufacturing plants in Madhya Pradesh, West Bengal and Uttar Pradesh).
September 30, 2002... (From India Business Insight) Birla Corporation Limited (BCL) has a total installed capacity of 4.1 million tonnes per annum with its manufacturing plants in Madhya Pradesh, West Bengal and Uttar Pradesh. Cement chips in around 85...

MAJOR CEMENT MANUFACTURERS: INDIA CEMENTS LIMITED (is the largest cement producer in south India with a total installed capacity of around 8.5 million tonnes).
September 30, 2002... (From India Business Insight) India Cements Limited (ICL) is the largest cement producer in south India with a total installed capacity of around 8.5 million tonnes per annum. It has eight plants in Andhra Pradesh and Tamil Nadu. ICL...

MAJOR CEMENT MANUFACTURERS: JAYPEE CEMENTS LIMITED (has three cement plants in the Rewa district of Madhya Pradesh).
September 30, 2002... (From India Business Insight) Jaypee Cements Limited (JCL) was formed in Apr 2001 by the merger of Jaiprakash Industries Limited's (JIL) cement division with Jaypee Rewa Cement Limited (JRCL). JRCL is a subsidiary of JIL. JCL has three...