India Business Insight articles from January 2011, page 3

India Business Insight archives from January 2011

DTH TO DEMAND HIGHER RATES (DTH operators to increase the advertisement rates by 25-30 percent from Jan 2011).
January 31, 2011... Direct-to-home (DTH) operators are planning to increase the advertisement rates by 25-30 percent from Jan 2011. DTH sector has over 30 million subscribers, which amounts to 30 percent of all cable & satellite homes in India. Some...

ZEE KHANA KHAJANA LAUNCHED (channel promises to telecast programmes with a mix of both Indian and international content).(Television program review)
January 31, 2011... Zee Entertainment Enterprises Limited launched India's first food channel, Zee Khana Khajana, on 8 Dec 2010. The channel promises to telecast programmes with a mix of both Indian and international content despite the channel's name is Indian. ...

MARKET OVERVIEW ' DTH GROWTH (during 2011 the total number of DTH viewers is expected to grow to 38 million).
January 31, 2011... There were 29 million direct-to-home (DTH) subscribers in 2010. Of these 11 million were urban viewers and 18 million from rural areas. During 2011 the total number of DTH viewers is expected to grow by 13 percent to 38 million. The total number...

MOVIES NOW ' HD CHANNEL LAUNCHED (also offers the channel on standard definition).
January 31, 2011... India'S first Hollywood movie channel, Movies Now, has been launched by Times Television Network (TTN) in high definition (1080i). It also claims of 5.1 surround sound and a wide (16:9) aspect ratio. Movies Now is also offered on standard...

BIG CBS PRIME LAUNCHED (targeting upwardly mobile English-speaking audience).
January 31, 2011... Big CBS Prime, a general entertainment channel targeted at upwardly mobile English-speaking audience, has been launched by Big CBS, a joint venture of Reliance Broadcast Network of Reliance ADA Group and CBS Studios International. The launching...

SUN TV EYES INTERNAT AD REVENUE (appoints two media firms for increasing revenue from the North American market).
January 31, 2011... Sun TV Network of Chennai, which has 20 channels and claims a viewership of 95 million households in India, has appointed two media firms for increasing revenue from the North American market. The media firm Global Management will manage and...

APALYA TO ADD 25 CHANNELS (strikeS alliance with Airtel, Vodafone, Idea, Aircel, BSNL and Tata Indicom).
January 31, 2011... Apalya Technologies, a mobile video platform and owner of MiMobiTV service of Hyderabad, has struck alliance with Airtel, Vodafone, Idea, Aircel, BSNL and Tata Indicom for providing 25 channels. It recently tied up with Discovery Networks...

ANTRIX RENEWS EADS ALLIANCE (Antrix markets ISRO-built satellites and also offers launch services using PSLV vehicles).
January 31, 2011... Antrix Corp, the marketing subsidiary of Indian Satellite Research organisation (ISRO), has renewed its marketing alliance with EADS Astrium for five more years. Antrix markets ISRO-built satellites with payload power below 4 KW and also offers...

RAJOO AND WONDERPACK JOIN HANDS (to provide end-to-end solutions in sheet extrusion and thermoforming).
January 31, 2011... Rajoo Engineers Ltd and Wonderpack Industries Private Ltd have joined hands to provide end-to-end solutions in sheet extrusion and thermoforming. The industry will now be offered sheet extrusion with in-line thermoforming.

SABIC INNOVATIVE PLASTICS AUGMENTS CAPACITY (at its facility in Vadodara).
January 31, 2011... SABIC Innovative Plastics has augumented production capacity at its speciality film and sheet facility in Vadodara. It has installed two new state-of-the-art extrusion lines to increase capacity.

BAERLOCHER INCREASES PRODUCTION CAPACITY IN INDIA (by adding an additional 7,000 tonnes capacity).
January 31, 2011... Baerlocher will double its capacity for the production of PVC heat stabilisers at its plant in Dewas, India by adding an additional 7,000 tonnes capacity. This will call for an investment of Euro one million.

HUNTSMAN TO ACQUIRE CHEMICAL BUSINESS OF LAFFANS (Pharmaceuticals Ltd of Ankleshwar).
January 31, 2011... Huntsman Corporation has acquired chemicals business of Laffans Pharmaceuticals Ltd of Ankleshwar. This acquisition will increase Huntsman's sales in India to about $260 million.

ATUL LTD ACQUIRES POLYGRIP (adhesive brand).
January 31, 2011... Atul Ltd has acquired Polygrip, which is one of the leading adhesive brands in India. The acquisition will give Atul Ltd a ready access to the adhesive market in India.

HUSKY'S NEW FACILTY IN CHENNAI (will support Husky's hot runner business in the region).
January 31, 2011... Husky Injection Molding Systems opened a new facility in Chennai. The new 3,300 square metres manufacturing facility will support Husky's hot runner business in the region.

BRITISH PETROLEUM TO SET UP ONE MT PETROCHEMICAL PLANT IN GUJARAT (with an investment of Rs3,500 crore).
January 31, 2011... British Petroleum will set up one million tonnes petrochemical plant in India. The plant will come up in Gujarat with an investment of Rs3,500 crore.

HELVOET PHARMA TO BUILD FACILITY IN PUNE (at a cost of $19.1 million).
January 31, 2011... Helvoet Pharma NV, manufacturers of closures for pharmaceutical packaging, is planning to set up its first Asian unit in India. The plant will come up in Pune by 2012 at a cost of $19.1 million.

LANXESS TO BUILD NEW PRODUCTION UNITS FOR ENGINEERING PLASTICS (at Jhagadia in Gujarat).
January 31, 2011... LANXESS will build new compounding facilities for production of engineering plastics at Jhagadia in Gujarat. The new production facilities will have capacity of 20,000 tonnes per year.

GREENDIAMZ BRINGS BIOPLASTICS TO INDIA (with a new facility built at a cost of Rs40 crore).
January 31, 2011... Greendiaz Biotech has commissioned a new plant in India, which produces fully biodegradable plastic material. The new facility with a capacity of 5,000 tonnes per annum has been built at a cost of Rs40 crore.

F&S PREDICTS GROWTH IN POLYPROPYLENE COMPOUNDS MARKET (in India).
January 31, 2011... Frost and Sullivan (F&S) have predicted growth in polypropylene (PP) market in India as the Indian passenger vehicles market has grown. F&S has revealed that Indian PP compounding market achieved volumes of 70,000 tonnes in 2009 and...

LUBRIZOL OPENS APPLICATIONS AND BUSINESS CENTRE IN MUMBAI (to support its advanced materials business segment).
January 31, 2011... The Lubrizol Corporation has opened its applications and business centre in Mumbai to support its advanced materials business segment. This is an important step in its expansion in Asia.

CARCLO TO EXPAND ITS MEDICAL MARKET IN INDIA (with a new manufacturing facility in India).
January 31, 2011... Carclo Technical Plastics Ltd has opened its new manufacturing facility in India adjacent to its current facility in Bangalore to expand its medical market in India. The new facility has been designed around the global Carclo model of...

RELIANCE REVEALS MAJOR INVESTMENT PLANS (to increase its petrochemicals production portfolio).
January 31, 2011... Reliance Industries Ltd is considering major investments to increase its petrochemicals production portfolio. The new petrochemicals investments at Jamnagar would result in deeper integration with refinery operations.

TREDEGAR OPENS FILM PLANT IN INDIA (near Pune).
January 31, 2011... Tredegar Corporation of US through its subsidiary Tredegar Film Products has opened its new Indian manufacturing plant near Pune. The plant will initially specialise in films for the hygiene market.

EMAMI TO SPEND $331 MILLION ON GLOBAL ACQUISITIONS (the company had lost its Rs3,400 crore bid for Paras Pharmaceuticals to Reckitt Benckiser).
January 31, 2011... Emami Ltd is planning to invest $331 million (Rs1,500 crore) for acquisition of overseas companies or brands in the US, Africa, Egypt and Turkey. The company hopes to complete the transaction in 2011. Emami is a healthcare company based in...

L'OREAL TO EXPAND ITS PORTFOLIO (with the launch of Kiehl's brand in Ambience Mall in New Delhi).
January 31, 2011... L'Oreal is planning expansion in India with the launch of Kiehl's brand, which it had acquired in 2000. The launching will take place in Ambience Mall in New Delhi. L'Oreal is also looking at introducing the brand in Mumbai, Chennai, Kolkata,...

DABUR INDIA: GROWTH MEASURES (the company is expected to benefit from its global acquisitions and domestic launch of new products).
January 31, 2011... Dabur India Ltd is expected to benefit from its global acquisitions and domestic launch of new products. Dabur recorded a growth of 17 percent in consolidated revenues during Apr-Sep 2010. However the operating profit margin remained flat at...

LYONDELLBASELL INKS MANUFACTURING DEAL WITH HYUNDAI PLASTICS (for two latest generation compounds).
January 31, 2011... LyondellBasell Industries has inked a tolling and marketing deal with Hyundai Engineering Plastics (HEP) for manufacturing two latest generation compounds, Hostacom and Hilfax. The products will be manufactured at the HEP plant in Chennai but...

LANXESS INDIA SIGNS MOU WITH ICT (of Mumbai for industrial research).
January 31, 2011... LANXESS India has signed a memorandum of understanding (MoU) with Institute of Chemical Technology (ICT) of Mumbai for industrial research and scientific projects. LANXESS India is a speciality chemicals company.

KEMROCK AND DSM TO MANUFACTURE SPECIALITY RESINS IN INDIA (through a JV).
January 31, 2011... Kemrock Industries & Exports Ltd and DSM Composite Resins AG have signed a 51:49 joint venture (JV) agreement. They will manufacture speciality resins in India through the JV.

RELIANCE INKS PACT WITH RUSSIAN FIRM (SIBUR to manufacture butyl rubber).
January 31, 2011... Reliance Industries Ltd (RIL) has signed a joint venture agreement with SIBUR of Russia to manufacture butyl rubber at RIL's integrated petrochemical plant at Jamnagar. SIBUR would provide the proprietary technology and RIL would supply...

RAJOO ENGINEERS COLLABORATES WITH BAUSANO & FIGLI (of Italy through a JV).
January 31, 2011... Rajoo Engineers Ltd has entered the Indian pipe and profile extrusion machinery segment through a joint venture (JV) with Bausano & Figli of Italy. The JV, called Rajoo Bausano Extrusion Private Ltd will be based in Rajkot and will commence...

DORF KETAL ACQUIRES SPECIALTY CATALYSTS BUSINESS FROM DUPONT (Chemicals and Fluoroproducts).
January 31, 2011... Dorf Ketal Chemicals (India) Private Ltd has acquired the speciality catalysts business from DuPont Chemicals and Fluoroproducts. Dupont will assist Dorf Ketal with technology transfer in the start up facility.

UFLEX ANNOUNCES GLOBAL INVESTMENT PLANS (of more than $250 million over the next two years).
January 31, 2011... UFLEX Ltd has announced global investment plans of more than $250 million over the next two years. It is planning to start an unit in Egypt in 2011-2012 and will expand the capacity of its plant in Mexico by Jun 2011.

A. SCHULMAN PREPARING FOR THE INDIAN ADVENTURE (by Dec 2011).
January 31, 2011... A. Schulman Inc plans to start its first Indian plant by Dec 2011. The plant will be located near Vadodara and will begin with a single Farrel continuous mixing line for additive masterbatches. This will enable the company to take advantage...

BILCARE ACQUIRES INEOS FILMS (for $132 million).
January 31, 2011... Bilcare Ltd has acquired the global films business from the Ineos group for $132 million. The deal will take place under German law between subsidiaries, Ineos Films AG of Germany and newly formed Bilcare AG of Germany.

IBM IN PACT TO SERVICE AIR INDIA (for seven years).
January 31, 2011... International Business Machines Corporation (IBM) has entered into an information technology (IT) contract for seven years worth $50 million with Air India. IBM will execute SAP enterprise software to automate different processes at Air India....

CENTURION ACQUIRES 40% STAKE IN NMC (in UAE).
January 31, 2011... Centurion Investment of Abu Dhabi has bought 40 percent holding in New Medical Centre (NMC) in the United Arab Emirates (UAE). The alliance will enable NMC owned by B.R. Shetty to build up the business and help in its expansion plans outside the...

M&W TO ADD 25 OUTLETS IN SIX MONTHS (to its existing network of 1,500 MBOs).
January 31, 2011... 'Men and Women' (M&W) is planning to add 25 franchise outlets to its existing network of 1,500 multi-brand outlets (MBOs). M&W is a brand of jackets and T-shirts from Vallabh Knits Ltd.

E-TEENZ TO LAUNCH 100 EBOs BY MARCH 2012 (across India).
January 31, 2011... E-Teenz, a retail venture of Dhananjai Apparels is planning to launch 100 franchise exclusive brand outlets (EBOs) by Mar 2012 across India. It intends to increase its presence across the country.

LUCKYCLOVER TO EXPAND VIA MASTER FRANCHISE ROUTE (in India).
January 31, 2011... LuckyClover Inc of US has launched authentic Murano glass jewellery in India. The jewellery house intends to expand via master franchise route in India.

D'DAMAS LAUNCHES FIRST FRANCHISED FLAGSHIP STORE (in New Delhi).
January 31, 2011... Capital Jewels, the first franchised flagship store of D'damas has been launched by the company in New Delhi. D'damas, a part of the Gitanjali group aims to open 50 franchised stores by Mar 2011.

ADDICT JUICE BARS OPENS FIRST STANDALONE STORE (in Bangalore).
January 31, 2011... Addict Juice Bars, has opened its first standalone store in Bangalore. Addict Juice Bars is one of the first chains of Smoothie Cafes in southern India.

BOOSTER JUICE TO JUICE UP BUSINESS (via the franchise route).
January 31, 2011... Booster Juice of Canada is all set to expand in India via the franchise route with the assistance of Franchise India. Booster Juice is a chain of fresh juice and smoothie bars. It entered India in 2008 through the master franchise brand...

ACTIONCOACH MULLS FRANCHISE EXPANSION (by availing the services of Franchise India).
January 31, 2011... ActionCOACH intends to expand its operations in India by availing the services of Franchise India. It is a business coaching company and currently operates in 26 countries.

RE/MAX INDIA LAUNCHES REAL ESTATE ACADEMY (in India).
January 31, 2011... RE/MAX India has launched RE/MAX Academy of Real Estate in India. It is the Indian Master Franchisee of RE/MAX International of US, which is a realty giant. Through the academy, the company is aiming to create a pool of real estate professionals...

CHOICE HOTELS ENTERS VISHAKAPATNAM (with the opening of its property, Quality Inn Bez Krishnaa).
January 31, 2011... Choice Hotels India Private Ltd entered Vishakapatnam with the opening of its property, Quality Inn Bez Krishnaa. With the opening of this hotel, the company has expanded its presence to 20 cities in India.

HOWARDS STORAGE TO OPEN SECOND OUTLET IN BANGALORE (by Apr 2011).
January 31, 2011... Howards Storage World of Australia intends to open its second outlet in Bangalore by Apr 2011. The speciality retailer had opened its first store in Bangalore in Jun 2010.

HOMEGENIE PLANS INDIA EXPANSION, ENGAGES FRANCORP'S SERVICES (for expansion plans).
January 31, 2011... Homegenie is planning all India expansion and has retained Francorp's services for expansion plans. Homegenie is a joint venture of Rosebys Interiors India Ltd and Cartel Infotech Ltd. It provides homecare and a range of maintenance services.

SAFAL TO HIT CENTURY IN ONE YEAR (through the franchise route).
January 31, 2011... Safal is planning to add 100 fruit and vegetable outlets across India within a year through the franchise route. It is the retail brand of Mother Dairy Fruit and Vegetable Private Ltd. It currently has 400 outlets across Delhi and the...

COMPUCOM PRE-SCHOOL CROSSES 50 FRANCHISE ENROLMENTS (across north India).
January 31, 2011... Compucom Pre-School is the education arm of Compucom Software Ltd. It launched its pre-school franchise in Jun 2010. It has recently crossed 50 franchise enrolments across north India.

NURTURING CHILDREN & ENTREPRENEURSHIP (is Kinder Care).
January 31, 2011... Nurturing children and entrepreneurship is Kinder Care that began its operations in 1987 as a small single room playgroup of five children in Delhi. It is now focussing on expansion, starting with Delhi-National Capital Region. This will be...

CRISIL TO COME OUT WITH MSME INDICES (to help the industry).
January 31, 2011... Crisil, India's largest credit rating agency will soon launch sectoral indices of the Micro, Small and Medium Enterprises (MSME) sector. This will help the industry to make better forecast in terms of growth, pricing, risks or any other...

NETCORE SOLUTIONS CROSSES 2 BILLION EMAILS (mark).
January 31, 2011... netCore Solutions has crossed two billion emails mark. The company has leveraged its strengths in messaging infrastructure to ensure that email marketing becomes a key medium in the marketing strategy of any enterprise.

PILOT SCHEME FOR STRENGTHENING KHADI INSTITUTIONS (by the Ministry of MSME, Government of India).
January 31, 2011... The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India has launched a pilot scheme for strengthening khadi institutions and their marketing infrastructure. This will be done through modernisation of selected sales...

BEAMING WITH PRIDE (is Infibeam).
January 31, 2011... Infibeam is an e-commerce company that is just one and half years old. But the auto portal already has around 10 lakh satisfied customers in India and 50 other countries. It had reported a turnover of Rs30 crore in 2009 and likely to report...

VIDEOCON LAUNCHES INDIA'S FIRST TOUCH SCREEN MICROWAVE (the ovens are equipped with a new sensor touch pad system).
January 31, 2011... Videocon Group, a consumer durable firm, has launched India's first touch-screen microwave oven Videocon Hero, which offers a new sensor touch pad system to facilitate easier and faster cooking. The new range of touch screen microwave ovens...

NEW FLAVOURS INTRODUCED BY CG FOODS (under the Wai Wai Quick brand).
January 31, 2011... CG Foods, a leading noodles & snacks manufacturer in Eastern India, has rolled out two new flavours under its Wai Wai Quick brand - Wai Wai Quick Chicken Pizza and Wai Wai Quick Masala Curry - targetted at the young adult consumers. The two...

JSW ENERGY COMMISSIONS SECOND UNIT IN RATNAGIRI (of the 300 MW unit of its 1,200 MW power project at Jaigad).
January 31, 2011... JSW Energy Ltd has commissioned the second 300-MW unit of its 1,200-MW (4x300 MW) power project at Jaigad in Ratnagiri district of Maharashtra on 30 Dec 2010. The commissioning of the second unit increases the facility's operating capacity to...

SNF (INDIA) TO SET UP NEW UNIT AT PARAWADA (to produce polyacrylamide emulsions and liquids).
January 31, 2011... SNF (India) Pvt Ltd (SIPL) is planning to set up a new unit at Parawada in Andhra Pradesh by 2013 at a cost of Rs200 crore. The new unit will produce polyacrylamide emulsions and liquids as well as acrylamide and powder polyacrylamide. ...

MEGHA ENGINEERING BAGS RURAL INFRASTRUCTURE PROJECT (worth Rs120 crore involving provision of urban amenities in rural areas).
January 31, 2011... Megha Engineering and Infrastructure Ltd (MEIL) has bagged a rural infrastructure project worth Rs120 crore involving provision of urban amenities in rural areas. The amenities proposed in the scheme include water and sewerage, solid waste...

KEC OBTAINS NUMEROUS ORDERS WORTH Rs1,018 CRORE (including Rs97 crore from the Indian Railways for civil works).
January 31, 2011... KEC International has bagged orders worth Rs1,018 crore in various segments, including Rs97 crore from the Indian Railways for civil works. The company has secured orders worth Rs135 crore in the cable segment. In the transmission segment,...

BS TRANSCOMM WINS Rs300 CRORE ORDER (from the Rural Electrification Corporation for a 765 kilovolt transmission system).
January 31, 2011... A consortium led by BS TransCommalong has bagged an order worth Rs300 crore from the Rural Electrification Corporation for a 765 kilovolt transmission system. The other members of the consortium are Patel Engineering and Simplex Infrastructure....

FEEDBACK VENTURES CONSORTIA BAGS HYDERABAD METRO PROJECT (for construction of 71.6 kilometre of elevated metro rail).
January 31, 2011... A consortium of Feedback Ventures Pvt Ltd (FVPL) has bagged a contract for the Rs12,136 crore L&T Metro Rail (Hyderabad) Ltd. The consortium's other members are AECOM Asia Company Ltd and AECOM India Private Ltd. The project envisages...

DIAMOND POWER BAGS TWO ORDERS (for supply of 400 kilovolts D/C line conductors).
January 31, 2011... Diamond Power Infrastructure Ltd (DPIL) has bagged two orders for supply of 400 kilovolts D/C line conductors. DPIL has secured one order from SMO-SPIC and the other from the Power Grid Corporation of India Ltd for the 2,000 km Kashipur-Roorkee...

KEC BAGS SUBSTATION CONTRACTS (including a Rs942 crore order from the Kazakhstan Electricity Grid Operating Company).
January 31, 2011... KEC International has bagged orders worth Rs980 crore, including a Rs942 crore order from the Kazakhstan Electricity Grid Operating Company for execution and rehabilitation of 38 substations in Kazakhstan. The company has secured another order...

LANCO INFRATECH TO ALTER SECTION OF NH-91 INTO TWO LANES (in Uttar Pradesh between the 140 and 418 kilometre stretch).
January 31, 2011... Lanco Infratech Ltd (Lanco) has won a bid to convert the Aligarh- Kanpur section of National Highway-91 in Uttar Pradesh to two lanes between the 140 and 418 kilometre stretch. Lanco will execute the Rs1,000 crore project on a...

BANGALORE AIRPORT TERMINAL EXPANSION WORK FROM MAY (to handle 17 million passengers annually from 10.6 million currently).
January 31, 2011... The Bangalore International Airport Ltd (BIAL) is planning to commence work on expansion of the Terminal-1 of the Bangalore International Airport from May 2011. The project worth Rs1,000 crore is expected to be completed in 18 months. Post...

REVAMP AT CHENNAI AIRPORT (includes expansion of the runway and apron capacity).
January 31, 2011... The Chennai airport is undergoing a revamp to handle Airbus A-380 as well as adding 14 aircraft parking bays. The revamp includes expansion of the runway and apron capacity and adding 1.03 kilometres to the second runway, which is 6,840 feet...

KINGFISHER LAUNCHES FIVE DOMESTIC FLIGHTS (connecting Mumbai with Jabalpur, Belgaum and Indore).
January 31, 2011... Kingfisher Airlines Ltd (KAL) has launched five new flights on its domestic network. KAL's new flights connect Mumbai with Jabalpur, Belgaum and Indore. The airline's other two flight services will connect Jabalpur and Indore and Belgaum and...

AAI TO INFUSE Rs50 CRORE TO UPGRADE INFRASTRUCTURE AT JUHU AIRPORT (like installation of runway lights and construction of 50 aircraft parking bays).
January 31, 2011... The Airports Authority of India is planning to infuse Rs50 crore for upgrading infrastructure at the Juhu airport in Mumbai over the next one year. The revamp includes installing runway lights and construction of 50 aircraft parking bays, car...

QATAR'S TASWEEQ, IOC SIGN LPG SUPPLY PACT (in order to reduce its dependence on traditional export destinations).
January 31, 2011... Qatar International Petroleum Marketing Company (Tasweeq) has signed a contact with the Indian Oil Corporation for long term supply of liquefied petroleum gas (LPG). Tasweeq aims to expand into new markets globally in order to reduce its...

SUMER GROUP LAUNCHES ELITE TOWNSHIP PROJECT (at Indore in Madhya Pradesh in association with the Gorani Group of Indore).
January 31, 2011... The Sumer Group of Mumbai has launched an elite township project at Indore in Madhya Pradesh in association with the Gorani Group of Indore. The township project, Sumer Saffron Homes, is spread on 11 acres and will offer world class homes. The...

SEVEN ACRE PLOT IN ANDHRI EAST (MUMBAI) FETCHES Rs800 CRORE (HDIL sells the 30,000-square metre Popular Car Bazar to the Kanakia Group).
January 31, 2011... Real estate company HDIL of Mumbai has sold a seven acre plot in Andheri East in Mumbai for Rs800 crore. HDIL sold the 30,000 square metres Popular Car Bazar on Andheri-Kurla Road to the Kanakia Group in Dec 2010. The Kanakia Group already has a...

ADANIS TO EXPAND COAL TERMINAL AT MUNDRA PORT (to make it the largest coal receiving terminal in the world).
January 31, 2011... The Adani Group is set to almost double its capacity at the Mundra Port in Gujarat to make it the largest coal receiving terminal in the world. The company proposes to increase the ports capacity to 100 million tonnes per annum (mtpa) from 60...

BHARATHI CEMENT COMMISSIONS PHASE II OF KADAPA UNIT (of the 2.5 million tonnes per annum cement production facility).
January 31, 2011... Bharathi Cement Ltd (BCL) has commissioned phase-II of the 2.5 million tonnes per annum (mtpa) cement production facility at Kadapa in Andhra Pradesh. The company's cement production capacity has doubled to five mtpa following the addition of...

ACC'S DEC SALES RISES MARGINALLY (by two percent to 1.92 million tonnes compared to 1.88 million tonnes in Dec 2009).(Financial report)
January 31, 2011... Cement manufacturer ACC Ltd has announced that its sales in Dec 2010 grew by two percent at 1.92 million tonnes compared to 1.88 million tonnes in Dec 2009. Cement production grew to 1.91 million tonnes (1.86 million tonnes). For Jan-Dec 2010,...

SYNERGY DELIVERS LANDMARK 100 MILLION SQUARE FEET OF PROPERTY DEVELOPMENT (including information technology parks, commercial office buildings and retail malls).
January 31, 2011... Synergy Property Development Services (Synergy) of Bangalore has delivered over 100 million square feet of property development across various cities in India as well as abroad. The property development includes information technology parks,...

MAS GMR AEROSPACE ACHIEVES FINANCIAL CLOSURE (through debt syndicated among State Bank of Hyderabad, Andhra Bank and State Bank of Bikaner).
January 31, 2011... MAS GMR Aerospace Engineering Company Ltd (MGAE) has achieved financial closure and will fund the Rs309-crore project through debt of Rs232 crore and equity of Rs77 crore. MGAE is an integrated, aircraft maintenance, repair and overhaul (MRO)...

COAL INDIA TO START EXPLORATION IN 2 MOZAMBIQUE BLOCKS (spread over 200 square kilometres and having estimated reserves of one billion tonne).
January 31, 2011... Coal India Ltd (CIL) is planning to start exploration in two coal blocks in Mozambique from 2011-2012 and production from 2014- 2015. The two coal blocks are spread over 200 square kilometres and have estimated reserves of one billion tonne....

LANCO INFRA TO EXECUTE THERMAL POWER PLANT CONTRACT (for MV Power Ltd, a subsidiary of Moser Baer Ltd).
January 31, 2011... Lanco Infratech Ltd (Lanco) has bagged a contract worth Rs4,100 crore from MV Power Ltd, a subsidiary of Moser Baer Ltd, for executing a 2x600 MW thermal power plant in Madhya Pradesh. Lanco will execute the engineering, procurement and...

L&T RAIL DIVISION TO EXECUTE DEDICATED RAIL LINE ORDERS (worth Rs1,103 crore).
January 31, 2011... The rail division of engineering major Larsen & Toubro Ltd (L&T) has bagged orders worth Rs1,103 crore for constructing dedicated railway lines. Maithan Power Ltd has given an order worth Rs365 crore to L&T for constructing a 21...

GSPC DISCOVERS HUGE RESERVOIR OF GAS IN ANKLESHWAR (at the 41-S well in Cambay Basin block CB-ONN-2003/2).
January 31, 2011... The Gujarat State Petroleum Corporation (GSPC) has discovered a huge reservoir of gas in an on-land exploration block at Ankleshwar in Gujarat. Testing of the 41-S well in Cambay Basin block CB-ONN-2003/2 has indicated potential for producing...

ORISSA INKS MoU WITH 3 IPPS FOR 3960 MW POWER PROJECTS (of 1,320 MW each at a total cost of Rs20,469 crore).
January 31, 2011... The Government of Orissa has signed memorandums of understanding with three private companies to set up three plants of 1,320 MW each at a total cost of Rs20,469 crore. The three companies comprise KU Projects Pvt Ltd, SPI Ports Pvt Ltd and NSNL...

RPP INFRA PLANS FORAY INTO SOLAR POWER PROJECT (by setting up a five MW plant at a cost of Rs80 crore).
January 31, 2011... RPP Infra Projects Ltd is planning to foray into the solar power generation sector by setting up a five MW plant at a cost of Rs80 crore to generate electricity from non-conventional energy like solar power. The company proposes to commence...