India Business Insight articles from August 2010, page 7

India Business Insight archives from August 2010

INDIAN RAILWAYS' POLICY ON AFTO SCHEME BECOMES EFFECTIVE (from 19 Jul 2010).
August 31, 2010... The policy of the Indian Railways on Automobile Freight Train Operator (AFTO) Scheme has become effective from 19 Jul 2010. The scheme is aimed at attracting private investments for high capacity auto carriers.

MIR PROJECTS AND CONSULTANTS BAGS CONTRACTS (for the DFC project).
August 31, 2010... Mir Projects and Consultants (Mir) of Kerala has bagged the consultancy contract for the dedicated freight corridor (DFC) project, after being selected from 13 international and two Indian bidders. As per the contract, Mir will have to...

TOTAL EARNINGS OF INDIAN RAILWAYS INCREASES BY 6.59% (to Rs292.75 billion for Apr-Jul 2010 from Rs274.64 billion for Apr-Jul 2009).
August 31, 2010... The total earnings of the Indian Railways (IR) grew by 6.59 percent to Rs292.75 billion for Apr-Jul 2010 from Rs274.64 billion for Apr-Jul 2009. The total goods earnings of IR rose by 7.07 percent to Rs197.97 billion and total passenger earnings...

INDIAN RAILWAYS REGISTERS GROWTH IN REVENUE EARNING FREIGHT TRAFFIC (by 2.63% to 292.5 million tonnes for Apr-Jul 2010).
August 31, 2010... The revenue earning freight traffic of the Indian Railways (IR) grew year-on-year by 2.63 percent to 292.5 million tonnes for Apr- Jul 2010. The total number of passengers on IR grew by 5.85 percent to 2,598.01 million for Apr-Jul 2010 from...

MEGHALAYA GOVERNMENT APPROVES PROPOSAL (for establishing a railway link to Shillong).
August 31, 2010... The Government of Meghalaya has approved a proposal for establishing a railway link to Shillong at a cost of Rs40 billion. The proposed link will be an extension of the Azra (Assam)-Byrnihat (Meghalaya) broad-gauge project and cover a...

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS TO UPGRADE NATIONAL HIGHWAYS (in eight states over the next three years at a cost of Rs200 billion).
August 31, 2010... The Ministry of Road Transport and Highways, Government of India, has decided to upgrade over 3,700 kilometres (km) of national highways in eight states over the next three years at a cost of Rs200 billion. The project to be undertaken under the...

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS RECEIVES PROPOSALS (from various states under the Central Road Fund Scheme).
August 31, 2010... The Ministry of Road Transport and Highways, Government of India, has received proposals from various states under the Central Road Fund Scheme. The ministry has received 367 proposals in 2010-2011 (till Jul 2010), for which it has released...

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS COLLECTS Rs22.51 BILLION (during 2009-2010 as national highway toll).
August 31, 2010... The Ministry of Road Transport and Highways, Government of India, has collected Rs22.51 billion during 2009-2010 as national highway toll, an increase of 14.18 percent over 2008-2009. The highest amount of Rs3.52 billion was collected in...

MUMBAI ENTRY POINT LIMITED SELECTED AS TOLL COLLECTING AGENCY (for the Bandra-Worli sea link by the Maharashtra State Road Development Corporation).
August 31, 2010... The Maharashtra State Road Development Corporation has selected Mumbai Entry Point Ltd (MEPL) as the toll collecting agency for the 4.7 kilometres Bandra-Worli sea link for a period of six months. The other bidder was Konark Infrastructure Ltd...

TELECOM EQUIPMENT SUPPLIERS TO SHARE SOURCE CODE WITH OPERATORS (as per the Government of India's mandate).
August 31, 2010... The Government of India has made it mandatory for suppliers of telecom equipments to share the source code and design details with operators. The source code and design detail will be kept in an escrow account in an encrypted form and used only...

QUIPPO-WTTIL AWARDS OUTSOURCING CONTRACT (to IBM).
August 31, 2010... Quippo-WTTIL has awarded a multi-million dollar outsourcing contract to IBM for managing its information technology (IT) infrastructure for a period of five years. Under the contract, IBM will provide technical support to Quippo-WTTIL's IT...

BHARTI AIRTEL LAUNCHES EASSY CABLE SYSTEM (which is a 10,000-kilometre undersea cable connecting Africa to Europe).
August 31, 2010... Bharati Airtel has launched the EASSy cable system at a cost of $263 million as part of a consortium of global telecom operators. The EASSy system is a 10,000-kilometre undersea cable connecting Africa to Europe.

BSNL SELECTS VINDHYA TELELINKS AS VENDOR (for laying a 3,000-kilometre OFC network for the Indian Navy).
August 31, 2010... The Bharat Sanchar Nigam Ltd (BSNL) has selected Vindhya Telelinks Ltd (VTL) as Vendor for laying a 3,000-kilometre optic fibre cable (OFC) network for the Indian Navy. VTL is a cable operator owned by the MP Birla group. BSNL has been building...

BSNL LAUNCHES 3G GSM MOBILE SERVICES (in Rajasthan).
August 31, 2010... Bharat Sanchar Nigam Ltd (BSNL) has launched third generation (3G) Global System for Mobile Communication (GSM) mobile services in Rajasthan, increasing its 3G coverage to around 500 cities. BSNL launched the mobile and high-speed wireless...

TULIP TELECOM BAGS CONTRACTS WORTH Rs1.58 BILLION (from the Government of India).
August 31, 2010... Tulip Telecom has bagged contracts worth Rs1.58 billion from the Government of India for providing data connectivity services under the Restructured Accelerated Power Development and Reforms Programme (R-APDRP). Under the contract, Tulip will...

PRESIDENT'S ESTATE BAGS ISO CERTIFICATION (making it the first urban habitat to be awarded the certification).
August 31, 2010... The Estate of the President of India has received the ISO 14001:2004 certification for incorporating environmental managements systems, making it the first urban habitat to be awarded the certification. The President's Estate bagged the...

CHENNAI METROPOLITAN WATER SUPPLY AND SEWERAGE BOARD COMMENCES OPERATIONS (at its desalination plant).
August 31, 2010... The Chennai Metropolitan Water Supply and Sewerage Board has commenced operations at its desalination plant at the Chennai Water Desalination Ltd. The plant, which has been built at a cost of Rs6 billion, will source 240 million litres per day...

CHANDIGARH TRANSPORT UNDERTAKING ADDS FIVE AC BUSES (to its fleet).
August 31, 2010... The Chandigarh Transport Undertaking has added five air- conditioned buses to its fleet. The new buses feature folding platforms, electronic route boards and a door sensor.

LARSEN & TOUBRO WINS METRO RAIL PROJECT (at Hyderabad).
August 31, 2010... Larsen & Toubro Ltd has bagged the Hyderabad Metro Rail project worth Rs121.32 billion, which will be developed on a design-build- finance-operate-transfer basis. The Government of India will provide up to Rs23.63 billion as viability gap...

RAJASTHAN GOVERNMENT APPROVES JAIPUR METRO RAIL PROJECT (and provides Rs6 billion for phase-I of the project).
August 31, 2010... The Government of Rajasthan has approved the Jaipur Metro Rail project. The government will provide Rs6 billion for phase-I of the project estimated to cost Rs12.5 billion. The Jaipur Development Authority will contribute Rs1.5 billion,...

MINISTRY REJECTS NHAI PROPOSAL (and asks NHAI to adhere to earlier bidding norms).
August 31, 2010... The Ministry of Finance, Government of India has rejected the proposal of the new bidding regulations of National Highways Authority of India (NHAI). It has asked the NHAI to adhere to the earlier bidding norms. According to the new bidding...

EXERCISE TO REVIEW STATUS OF COAL MINING AREAS BEGINS (to identify prima facie A and B areas for coal mining).
August 31, 2010... The Ministry of Coal, Government of India and the Ministry of Environment and Forests, Government of India have started the process to identify prima facie A and B areas for coal mining. Present A areas will be the areas having dense forest...

IMPORT RELAXATION FOR POWER SECTOR (to help domestic power companies importing Chinese equipment).
August 31, 2010... The power sector has been exempted from the security related restrictions regarding equipment imports. The decision will help the domestic power companies importing Chinese equipment. The telecom sector is facing security related restrictions...

GOVERNMENT INKS 7 CBM CONTRACTS (with various companies).
August 31, 2010... The Government of India has signed contracts for seven blocks with various companies in the fourth round of CBM policy (CBM- IV). Essar Oil has got four blocks while Great Eastern Energy Corporation has got one block under CBM-IV. The...

REC TO RAISE OVER Rs4,000 CRORE VIA ECB (during 2010-2011).
August 31, 2010... Rural Electrification Corporation (REC) is planning to raise Rs4,718 crore through external commercial borrowings (ECB) during 2010-2011. Out of this, REC is expecting to raise Rs1,887 crore via ECB by Aug 2010. It will use the funds partly...

SABARI GROUP TO PUMP IN Rs200 CRORE FOR EXPANSION (plans).
August 31, 2010... The Sabari group of Chennai is planning to infuse Rs200 crore for its expansion plans. It intends to establish hotel business in Coimbatore, Madurai and Pune. It has bought one acre of land in Pune to set up a hotel, which will have 125 rooms....

GOENKA DIAMOND TO UNDERTAKE Rs100 CRORE EXPANSION (to set up 19 stores in the next 18 months across India).
August 31, 2010... Goenka Diamond and Jewels has planned to take up Rs100 crore expansion programme. The company intends to set up 19 stores in the next 18 months across India, which will take up the total number of its stores to 24.

KARNATAKA GETS $150 MILLION WB LOAN (for rural water supply project in 11 districts).
August 31, 2010... The World Bank (WB) has given loan of $150 million to the Government of Karnataka for rural water supply project in 11 districts. The additional fund for the Karnataka Rural Water Supply and Sanitation project is a part of the long-term...

CENTRE SAYS NO TO UPPER GANGA CANAL EXPRESSWAY (project of the Government of Uttar Pradesh).
August 31, 2010... The Government of India has not given clearance to the Government of Uttar Pradesh to construct the 150-kilometre Rs8,719 crore Upper Ganga Canal Expressway project. The project, which is to be constructed on public private partnership model,...

QUANTUM PICKS Rs19 CRORE STAKE IN SKS MICROFINANCE (from Yatish Trading Company).
August 31, 2010... Quantum, a George Soros hedge fund has bought three lakh shares in SKS Microfinance for Rs19.08 crore from Yatish Trading Company. It will hold 0.4 percent stake after the deal while the stake of Yatish Trading Company in SKS Microfinance will...

HCC TO TIE UP Rs1,600 CRORE FOR FINANCING ROAD PROJECTS (in West Bengal).
August 31, 2010... Hindustan Construction Company (HCC) has decided to raise Rs1,600 crore through debt to fund its road projects in West Bengal. HCC intends to take up projects through build, finance, operate and transfer basis. HCC is currently...

WORLD BANK WILL FUND MMRDA'S METRO RAIL PROJECT (and clears Rs2,000 crore loan for the 2A project of Mumbai Urban Transport Project).
August 31, 2010... The metro rail project of Muumbai Metropolitan Region Development Authority (MMRDA) will get financial assistance from the World Bank. The bank has partly funded the Mumbai Urban Transport Project of MMRDA. It has cleared Rs2,000 crore loan...

GMR REFUSES NOC FOR BIDAR AIRPORT (which is close to the Hyderabad airport operated by it).
August 31, 2010... GMR has refused to give a no objection certificate (NOC) for the Bidar airport, which is close to the Hyderabad airport operated by it. The Government of Karnataka had got clearance from the Ministry of Defence, Government of India to modify...

9 MONTHS MORE FOR ZIRAKPUR-KALKA HIGHWAY EXPANSION (and will now be commissioned by Apr 2011).
August 31, 2010... The deadline for the completion of the four-laning project of the Zirakpur-Kalka highway has been extended by nine months. The 29- kilometre project, which was to be completed by the end of Dec 2010, will now be commissioned by Apr 2011. The...

IGI TO HAVE HIGHEST ATC TOWER (by 2013).
August 31, 2010... The Indira Gandhi International (IGI) airport in Delhi will have the highest air traffic control (ATC) tower by 2013. The Airports Authority of India is finalising the tower design. The tower will be 90-95 metres in height and will be set up at...

PARADIP AIMS TO UPGRADE BERTH HANDLING CAPACITY (to 135 million tonnes per year by 2013-2014).
August 31, 2010... Paradip Port Trust is planning to enhance its berth handling capacity to 135 million tonnes per year by 2013-2014 from the current 76 million tonnes per year. As part of this upgradation, it has finished the bidding process for the construction...

PORT VOLUMES FALL IN IRON ORE (exports decline).
August 31, 2010... Volumes of exports at the major ports in India fell year-on-year by 1.4 percent to 44.78 million tonnes in Jun 2010. This was mainly as a result of decline in iron ore exports. Demand for iron ore fell owing to lower demand from the steel...

CHENNAI PORT TO BE UPGRADED TO MEET DEMANDS (through third mega container terminal to be set up, which will increase capacity to 80,00,000 TEUs from current 30,00,000 TEUs).
August 31, 2010... The planned third mega container terminal at Chennai Port will enable the port to augment its capacity to cater to increasing demands. With the commissioning of this terminal, the capacity of the port will go up to 80,00,000 twenty equivalent...

BIDS INVITED FOR DEVELOPMENT OF PONNANI PORT IN KERALA (by the Government of Kerala).
August 31, 2010... The Government of Kerala has asked for bids to develop Ponnani port in Malappuram district. The cost of the project, which will be set up on the public-private partnership model, will be Rs2,000 crore. The port will be set up as an...

RIL ASKED TO SERVE NEW CUSTOMERS (by the Government of India).
August 31, 2010... The Ministry of Oil, Government of India has asked Reliance Industries Ltd (RIL) to reduce natural gas supplies to power and fertiliser plants so that it can supply gas to new customers including Essar Oil's Vadinar refinery. The ministry has...

INDIA TO LAUNCH AUCTION OF SHALE GAS AREAS IN AUG 2011 (as shale gas producing areas will be identified in early 2011).
August 31, 2010... The Government of India will introduce auction of shale gas areas in Aug 2011 as shale gas producing areas will be identified in early 2011. Later, appropriate blocks will be carved out. Key Indian energy companies including Reliance...

WILDCAT IN KG BASIN (by Cairn India, which is considering carrying out wildcat drilling at KG-ONN-2003/1 block in KG basin soon).
August 31, 2010... Cairn India is considering carrying out wildcat drilling at KG- ONN-2003/1 block in Krishna-Godavari (KG) basin soon. The company has 49 percent stake in the block, while ONGC holds 51 percent stake. Cairn India has started work in the block...

IOC TO EXPAND OVERSEAS, ACQUIRE OILFIELDS IN AFRICA (as a part of its $1 billion overseas investment plan).
August 31, 2010... Indian Oil Corporation (IOC) is planning to buy oilfields in Africa and expand its operations overseas as a part of its $1 billion overseas investment plan. IOC's decision follows the Government of India's policy of freeing gasoline prices from...

MOBILE COMPANIES FINED FOR NON PAYMENT (of their dues to the Government of India).
August 31, 2010... The Government of India will penalise defaulting GSM operators and impose the penalty according to the licence agreement in case the mobile companies fail to pay their dues to the Government of India. GSM operators owe Rs451.75 crore as spectrum...

WYNN TELECOM TO SET UP UNIT IN HP (with an investment of Rs270 crore).
August 31, 2010... Wynn Telecom has decided to establish a mobile manufacturing unit at Gagret in Himachal Pradesh with an investment of Rs270 crore. The unit will be commissioned in 2011 and will start operations by the end of 2011. It will have the capacity to...

SOLAR POWER MOBILE PHONES IN INDIA (introduced by Vodafone Essar).
August 31, 2010... Vodafone Essar has introduced solar-powered mobile handset in India. The price of VF 247 solar-powered phone is Rs1,500. The phone is likely to be available in stores in Sep 2010. The solar power mobile phone requires direct sunlight of...

Rs720 CRORE REVENUE THIS FISCAL FOR GTL (from the tower deal).(Financial report)
August 31, 2010... GTL Infrastructure has bought 17,500 telecom towers of Aircel and is expecting Rs720 crore of revenue per year from the deal. Through the tower deal, GTL got 21,000 active tenants on the 17,500 towers. The acquisition deal has made GTL...

FIVE NEW PROJECTS GET APPROVAL UNDER JNNURM (from CSMC).
August 31, 2010... The Central Sanctioning and Monitoring Committee (CSMC) and Cabinet Committee on Infrastructure have cleared five detailed project reports under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme. The projects are totally valued...

DMICDC PLANS TO INVITE BIDS FOR 4 MEGA PROJECTS (in the next three months).
August 31, 2010... The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) has decided to ask for bids from global companies in the next three months to set up four mega infrastructure and logistics projects. The projects include Rs800-900 crore...

CHENNAI CORP PLANS WASTE MANAGEMENT FACILITY (worth Rs69.5 crore at Perungudi dumpyard).
August 31, 2010... Chennai Corporation is planning to establish a green park on 95 acres at Perungudi dumpyard. It plans to set up an integrated solid waste management unit worth Rs69.5 crore at Perungudi dumpyard. Following the execution of the project, the...

ORISSA TO HAVE Rs15,000 CRORE ENERGY AND OIL CITY (at Sonepur in Ganjam district).
August 31, 2010... Greenko Group consortium is planning to establish an energy and oil city at Sonepur in Ganjam district in Orissa at a cost of Rs15,000 crore. The project consists of a port, a ship building facility, a 1,000 mw gas-based power plant, a...

KUDANKULAM NUCLEAR PLANT TO BE READY BY DEC (2010).
August 31, 2010... The unit-I of Kudankulam nuclear power plant of 1,000 megawatts (mw) will be ready by Dec 2010. The second unit of the plant will start operations within six months of the commissioning of the first unit. The nuclear power plant of 2,000 mw is...

NAGARJUNA TO SELL STAKE (in NCC Power Projects to Genting Group of Malaysia).
August 31, 2010... Nagarjuna Construction Company has decided to sell 49 percent holding in its thermal power subsidiary, NCC Power Projects to Genting Group of Malaysia. The stake sale is a part of the company's strategy to exit some of its non-core businesses....

CESC SOLAR PLANT IN RAJASTHAN (to be set up at a cost of Rs2,000 crore).
August 31, 2010... CESC is considering setting up a Rs2,000 crore solar power generation plant in Rajasthan. The company has started the process of land acquisition near Bikaner for the project. The project will initially need 200 acres, which is likely to go...

L&T, PSPCL TO ADD 700 MW TO RAJAPURA PLANT (which has capacity of 1,400 mw).
August 31, 2010... Larsen and Toubro (L&T) and Punjab State Power Corporation (PSPCL) have decided to add 700 megawatts (mw) capacity to Rajpura Power Plant in Punjab. Currently, the power plant has a capacity of 1,400 mw consisting of two units of 700 mw...

RINFRA OUT, BRAKEL IN (as the Government of Himachal Pradesh gives two 960 megawatts power projects to Brakel Corporation).
August 31, 2010... The Government of Himachal Pradesh has given two 960 megawatts power projects to Brakel Corporation of the Netherlands and rejected the allegations of Reliance Infrastructure (R-Infra) of unfairness and arbitrariness while giving the contract....

CCI APPROVES CONSTRUCTION OF DIAMER-BHASHA DAM (on the river Indus).
August 31, 2010... The Council of Common Interests (CCI) has cleared the building of the Diamer-Bhasha dam on the river Indus. The World Bank had earlier denied funding for the dam as a result of the Government of India's objection that the dam was located in...

1,600 MW THERMAL PLANT IN SALBONI (in West Bengal to be commissioned by JSW Energy).
August 31, 2010... JSW Energy Bengal has decided to commission the first unit of 800 megawatts (mw) of Salboni thermal plant in West Bengal by Mar 2014 and the second unit of 800 mw by Sep 2014. The 1,600 mw plant envisages an investment of Rs9,680 crore,...

ALSTOM GETS 800 MW CONTRACTS FROM GVK (for the Jegurupadi-III combined cycle plant in East Godavari district in Andhra Pradesh).
August 31, 2010... GVK Industries has given contracts worth Rs2,736.76 crore to Alstom to set up two units with total capacity of 800 megawatts (MW). The units will be set up for the Jegurupadu-III combined cycle plant in East Godavari district in Andhra...

HYDERABAD METRO AWARDED TO L&T (by the Government of Andhra Pradesh).
August 31, 2010... The Council of Ministers, Government of Andhra Pradesh has cleared the financial bid of Larsen and Toubro (L&T) for the Rs12,132-crore Hyderabad metro rail project. The government will invest Rs1,980 crore to acquire the land. It has...

NMDC ACQUIRES RUSSIAN MINES (expected to have reserves of 400 million tonnes).
August 31, 2010... NMDC is planning to buy four coking coal mines in Russia. The Kolmar mines are located in Yakutia region in Siberia and are expected to have reserves of 400 million tonnes. NMDC is negotiating with a Russian billionaire to buy the mines.

L&T-MHI JV BEGINS EQUIPMENT PRODUCTION (at Hazira in Surat).
August 31, 2010... The joint ventures (JV) of Larsen and Toubro (L&T) with Mitsubishi Heavy Industries (MHI) and Mitsubishi Electric Corporation have started manufacturing turbine generators and boilers at their facilities at Hazira in Surat. The facilities...

HEPL TO SET UP 660 MW PLANT (at a cost of Rs4,000 crore).
August 31, 2010... Himachal EMTA Power Ltd (HEPL) has decided to establish a 660 megawatts (mw) pithead thermal power plant in West Bengal. The project will be set up at a cost of Rs4,000 crore. The Council of Ministers, the Government of Himachal Pradesh has...

MULTIPLEX CHAINS IN INDIA SET TO ADD 200 SCREENS BY MAR 2011 (in malls).
August 31, 2010... Multiplex operators in India are likely to set up about 200 screens by Mar 2011 in malls. Big Cinemas proposes to add 60 screens to its portfolio of 263 screens. The real estate consultancy firm, Cushman & Wakefield, reports that...

JUTE BOARD PROPOSE TO LAUNCH RETAIL OUTLETS (through JMDC).
August 31, 2010... The National Jute Board of India (NJB) proposes to set up exclusive retail outlets for jute products through the Jute Manufacturers Development Council (JMDC). Six warehouses will be established in the country to store jute stocks and the JMDC...

AMIRA FOODS TIES UP WITH DUBAI-BASED CHOITRAM RETAILS (for the distribution of its products in West Asia).
August 31, 2010... Amira Foods (India) Ltd (AFIL) has inked an agreement with Choitram Retails of Dubai for the distribution of its products in West Asia. AFIL has initiated a Rs250 crore strategy to establish its brand across the globe. The association with...

TRENT PLANS TO INVEST Rs275 CRORE IN STAR BAZAAR (over the next three years).
August 31, 2010... Trent, the retail venture of the Tata group, proposes to invest Rs275 crore in its hypermarket format, Star Bazaar, over the next three years. Trent intends to add 50 outlets of Star Bazaar in the next three to four years to its network of...

SPENCER'S RETAIL BRINGS ECKO UNLTD IN INDIA (and will invest Rs5 crore in 2010-2011).
August 31, 2010... Ecko Unltd, the global fashion brand from Marc Ecko, has forayed into India by tying up with Spencer's Retail Ltd (SRL). The Ecko Unltd store, which covers 1,200 square feet, has come up at DLF Promenade and includes Ecko Red. SRL plans to...

SHIPPING MINISTRY TO RELEASE 25 PPP PORT PROJECTS IN CURRENT FISCAL (worth Rs20,000 crore).
August 31, 2010... The Ministry of Shipping, Government of India, plans to award 25 projects worth Rs20,000 crore under the public-private- partnership (PPP) model in 2010-2011. Of this, five projects have already been awarded. Eredene Capital Plc will implement...

HCC BAGS HINDALCO PROJECT WORTH Rs1.2 BILLION (to execute the construction of temporary roads and drains, area grading works and water reservoir work).
August 31, 2010... Hindustan Construction Company (HCC), an infrastructure development company, has been awarded a project by Hindalco Industries Ltd. HCC will execute the construction of temporary roads and drains, area grading works and water reservoir work for...

AC DOUBLE-DECKER TRAIN LIKELY BY 2011 (and the train will run on a high-density route with a different fare structure).
August 31, 2010... India's first AC double-decker train is likely to commence operations by the end of 2010. The train will run on a high- density route with a different fare structure. Officials are obtaining speed certificate of up to 105 kilometres (km) per...

PETRONET TO SET UP 750 MEGAWATTS PLANT IN GUJARAT (at Dahej).
August 31, 2010... Petronet LNG, a company engaged in the import of liquefied natural gas, plans to establish 750 megawatts gas-based power plant at Dahej in Gujarat. Lahmeyer International has been appointed to prepare the pre-feasibility report while Evonik...

TATA REALTY TO INVEST Rs800 CRORE IN CHENNAI PROJECT (in developing residential and infrastructure projects).
August 31, 2010... Tata Realty & Infrastructure Ltd (TRIL), a subsidiary of Tata Sons, has announced that it will invest Rs800 crore in developing residential and infrastructure projects in Chennai. The residential project will cover 10 lakh square feet and...

FERTILISER PROFILE: JUN 2010 (saw increased production of fertilisers compared to Jun 2009).
August 31, 2010... The production of fertiliser increased in Jun 2010 compared to Jun 2009. The production of nitrogen (N) increased by 3.6 percent year-on-year to 1.025 million tonnes in Jun 2010. The production of urea rose by 7.6 percent and production of...

FERTILISER PROFILE: APR-JUN 2010 (saw mixed growth in production of fertilisers).
August 31, 2010... There was mixed growth in production of fertilisers in Apr-Jun 2010. The production of nitrogen (N) rose by 3.5 percent year- on-year to 2.752 million tonnes in Apr-Jun 2010. The production of urea grew by 7.4 percent and production of NP/NPK...

GTL INFRA PURCHASES AIRCEL TOWERS (for Rs8,026 crore in an all cash deal).
August 31, 2010... GTL Infrastructure (GTL) has bought the telecom towers of Aircel and its subsidiaries for an enterprise value of Rs8,026 crore in an all cash deal. GTL has purchased 17,500 telecom towers and 21,000 active tenants on these towers. With this, GTL...

NOKIA TIES UP WITH TATA DOCOMO (to provide Nokia Ovi Life Tools to Tata DOCOMO customers).
August 31, 2010... Nokia India has tied up with Tata DOCOMO to provide Nokia Ovi Life Tools to Tata DOCOMO customers in rural and semi-urban regions of the country. Nokia Ovi Life Tools fill the information gaps in areas such as agriculture, education and...

AFFLE FORAYS INTO NEW MARKETS (of China and Australia).
August 31, 2010... Affle has entered new markets of China and Australia and established offices at Mumbai and Bangalore to strengthen its operation in India. These offices will offer their services to existing customers besides garnering business from new and...

WE PLAN TO EXPAND OUR PRESENCE TO MORE COUNTRIES (says the Executive Chairman of Digilink).
August 31, 2010... Digilink plans to focus on data centres and residential cabling. It also intends to provide 3G connectivity through laptops and computers and wireless data cards. It proposes to extend its presence to more countries said the Executive...

SHIPPING CORPORATION OF INDIA: FOLLOW ON OFFER (to include a divestment of stake by the Government of India which holds 80.12 percent stake in the company).
August 31, 2010... The Shipping Corporation of India (SCI) plans to launch a follow on public offer (FPO) which will include a divestment of stake by the Government of India, which holds 80.12 percent stake in the company. The Ministry of Shipping is looking at...

ARSHIYA INTERNATIONAL: THE DAWN OF FTWZ ERA (inaugurated its Free Trade & Warehousing Zone (FTWZ) at Panvel near Mumbai).
August 31, 2010... Arshiya International has inaugurated its Free Trade & Warehousing Zone (FTWZ) at Panvel near Mumbai. The 165-acre state-of-the-art facility is located at a distance of 24 kilometres from the container terminal of the Jawaharlal Nehru...

DRY BULK: MORMUGAO PORT (exported 33.8 million tonnes of iron ore in 2008-2009 and 37 MT in 2009-2010).
August 31, 2010... The Ministry of Steel, Government of India, has initiated measures to curb export of iron ore from the country by levy of export tax. However, DnB Nor Markets, an investment bank from Norway, reports that export of dry bulk will increase driven...

DRY BULK: PORT OF CHENNAI (exported 8.6 MT of iron ore in 2009-2010 against a capacity of 12 MT per annum).
August 31, 2010... The Ministry of Steel, Government of India, has initiated measures to curb export of iron ore from the country by levy of export tax y. However, DnB Nor Markets, an investment banker from Norway, reports that export of dry bulk will increase...

DRY BULK: ENNORE PORT (exported 1.1 MT of iron ore in 2009-2010).
August 31, 2010... The Ministry of Steel, Government of India, has initiated measures to curb export of iron ore from the country by levy of export tax. However, DnB Nor Markets, an investment banker from Norway, reports that export of dry bulk will increase...