India Business Insight articles from May 2010, page 3

India Business Insight archives from May 2010

INVERNESS MEDICAL INDIA BECOMES ALERE (provides medical diagnostics in the fields of cardiovascular, infectious diseases, women's health and parental care).
May 31, 2010... Inverness Medical India has changed its name to Alere Medical Private Limited from 5 Apr 2010. Alere derived from Lain means nurture, to care or support. Alere provides globally medical diagnostics in the fields of cardiovascular, infectious...

LILLY LAUNCHES LATEST INSULIN DELIVERY DEVICE (introduces Humalog Kwikpen, a pre-filled pen containing Humalog).
May 31, 2010... Eli Lilly and Company has introduced Humalog Kwikpen, a pre- filled pen containing Humalog (insulin Lispro, rDNA origin). The Humalog Kwikpen is filled with 300 units of insulin and is available in a discreet steel blue colour that does not...

EXCLUSIVE OUT PATIENT BLOCK AT APPASAMY HOSPITALS INAUGURATED (the 5,300 square feet building contains 20 consultation suites).
May 31, 2010... The 75-bed Appasamy hospital in Chennai recently opened its new out patients department (OPD) block. The 5,300 square feet building contains 20 consultation suites. Forty specialists in 25 specilities work at the OPD block.

APOLLO STARTS A CANCER HOSPITAL IN KOLKATA (to provide medical, surgical and radiation oncology services).
May 31, 2010... Apollo Gleneagles Hospital (AGH) has opened Apollo Gleneagles Cancer Hospital at its premises in Kolkata. Housed in five-storey building, the 100-bed hospital covers an area of 50,000 square feet. It provides medical, surgical and radiation...

H&W FOOD MARKET TO REACH Rs55,000 CRORE BY 2015 (as against Rs10,150 crore market now).
May 31, 2010... The potential market for health and wellness (H&W) food is likely to reach Rs55,000 crore by 2015, according to a report by Tata Strategic Management Group (TSMG). At present H&W food has a market of Rs10,150 crore. TSMG report says the...

ABMH PLANS STRENGTHENING OF FACILITIES (increasing its bed strength to 300 from 250).
May 31, 2010... Aditya Birla Memorial Hospital in Pune is planning to strengthen its facilities. It is increasing its bed strength to 300 from 250. It is building a separate comprehensive wing of 25,000 square feet for oncology. For the first phase of the...

APOLLO HOSPITALS LAUNCHES ITS 50TH HOSPITAL AT SECUNDERABAD (the 150-bed hospital offers speciality care in over 30 medical and surgical disciplines).
May 31, 2010... Apollo Group of Hospitals opened its 50th hospital in Secunderabad, Andhra Pradesh. The 150-bed hospital offers speciality care in over 30 medical and surgical disciplines. It has world-class intensive care units and spacious patients care...

SANKARA EYE HOSPITL SIGNS MoU WITH BANGALORE DIABETES HOSPITAL (to provide subsidised and comprehensive eye care services to diabetic patients).
May 31, 2010... Sankara Eye Hospital has signed a memorandum of understanding (MoU) with the Bangalore Diabetes Hospital. As per the MoU, the Sankara Eye Hospital will provide subsidised and comprehensive eye care services to diabetic patients across...

INDRAPRASTHA APOLLO HOSPITALS INTRODUCES ENDOSONOLGY FACILITY (a major advancement in diagnosing and treating gastro- intestinal and pancreatic-biliary diseases).
May 31, 2010... Indraprastha Apollo Hospital in New Delhi has introduced Endosonology (endoscopic ultrasound). It is a major advancement in diagnosing and treating gastro-intestinal and pancreatic- biliary diseases. Endoscopic ultrasound is one of the most...

NARAYANA HRUDAYALAYA TO BUILD A HEALTH CITY IN CAYMAN ISLAND (Cayman Government has provided a number of concessions to build the multi-super speciality hospital).
May 31, 2010... Narayana Hrudayalaya of Bangalore will build a Health City at Grand Cayman, the capital of Cayman Island. Naryana Hrudayalaya has singed an agreement with the Government of Cayman in this regard. They have formed a joint venture. The Cayman...

PIRAMAL HEALTHCARE TO ACQUIRE ANAESTHETIC PRODUCTS BUSINESS (signs a definitive agreement to acquire injectible anaesthetic products of Bharat Serums and Vaccines).
May 31, 2010... Piramal Healthcare Limited has signed a definitive agreement to acquire injectible anaesthetic products business of Bharat Serums and Vaccines Limited (BSVL). BSVL's anaesthetic products include Propofol, Bupivacine and Atracurium Besylate....

CENTRE OF EXCELLENCE FOR PREVENTION AND CONTROL OF CARDIO- METABOLIC DISEASES LAUNCHED (centre to provide population-based applied research and training to combat cardio-metabolic diseases).
May 31, 2010... The Public Health Foundation of India in alliance with All India Institute of Medical Sciences (AIIMS), Madras Diabetes Research Foundation and Emory University of the US, has launched a Centre of Excellence for the Prevention and Control of...

A HEALTHCARE OASIS (Chettinad Health City campus covers 100 acres).
May 31, 2010... Chettinad Health City of the Rajah Sir Muthiah Chettiar Group is located in the Kanchipuram district of Tamil Nadu. Built at a cost of Rs500 crore, the 1,200-bed hospital is the second largest private hospital in Tamil Nadu after Sri Ramachandra...

FORD ADDS SMR TO ITS ALIGNED BUSINESS FRAMEWORK (SMR will supply mirror systems to Ford in the Americas, Europe and Asia-Pacific/Africa).
May 31, 2010... Ford has added Samvardhana Motherson Reflectec (SMR) to its Aligned Business Framework (ABF). With this, SMR will supply mirror systems to Ford in the Americas, Europe and Asia- Pacific/Africa. SMR is among the 13 companies that Ford had...

AVTEC INKS LICENSING AGREEMENT WITH MAGNA POWERTRAIN (for design and technical knowhow for developing transmissions for CVs, SUVs and MUVs).
May 31, 2010... Avtec, a C K Birla group company, has inked a 10-year licensing deal with Magna Powertrain Systems. Avtec is a leading powertrain manufacturer in India while Magna Powertrain Systems is an operating unit of Magna International, a global...

SANDHAR AUTOMACH BAGS SUB-ASSEMBLY ORDER FROM TVS; TALKS ON WITH ROYAL ENFIELD (TVS Motor has placed an order for supply of 1,000 fender sub- assemblies).
May 31, 2010... Gurgaon-based Sandhar Group's Sandhar Automach has bagged an order from TVS Motor Company for supply of 1,000 fender sub- assemblies. The company is also in talks with Royal Enfield for getting orders for various types of sub-assemblies. ...

OUTLANDER 2010 DEBUTS AT Rs19.95 LAKH (the 2.4-litre MIVEC engine produces a power of 170 PS and a torque of 226 Nm).
May 31, 2010... Hindustan Motors and Mitsubishi Motors have unveiled the Outlander 2010. The vehicle is priced at Rs19.95 lakh ex- showroom. Equipped with a BS-IV compliant 2.4-litre MIVEC engine, some of the key enhancements in the Outlander 2010 include...

MODERATE DECLINE IN AUTO COMPONENT MANUFACTURERS' MARGINS IN FY11 (according to Crisil Research).
May 31, 2010... Auto component manufacturers are likely to suffer a moderate decline of 1-1.5 percent in operating margins in 2010-2011, according to Crisil Research. Rising cost of materials have affected the operating margins of auto component manufacturers -...

COMMERCIAL VEHICLE DEMAND TO GROW BY 13-15 PERCENT IN FY11 (according to Crisil Research).
May 31, 2010... Commercial vehicle (CV) demand in 2010-2011 is likely to grow by 13-15 percent, according to Crisil Research. The CV vehicle industry had grown by 37.9 percent in 2009-2010. The drivers for this growth are likely to be the estimated growth of...

MIDC UNVEILS SINGLE WINDOW CLEARANCE SYSTEM TO COUNTER GIDC'S AGGRESSIVE PITCH (Single Window Clearance Portal for prospective players in the automotive industry).
May 31, 2010... Maharashtra industrial Development Corporation (MIDC) has launched a Single Window Clearance Portal (SWCP) for prospective players in the automotive industry. Ernst & Young was the advisor to the Government of Maharashtra for the SWCP...

BRIDGESTONE, MAHARASHTRA GOVERNMENT SIGN MOU FOR NEW PLANT (at Chakan near Pune).
May 31, 2010... Bridgestone India Private Ltd has signed a memorandum of understanding (MoU) with the Government of Maharashtra for setting up a plant at Chakan near Pune. The company plans to invest Rs2,600 crore in phases to set up the plant. The new plant...

DOMESTIC AUTOMOTIVE MARKET EXPANDS BY 25.24 PERCENT IN APR 2010 (to 11,20,081 units).
May 31, 2010... The automotive market in India grew by 25.24 percent from 8,94,380 units in Apr 2009 to 11,20,081 units in Apr 2010. Exports increased by 87.6 percent from 1,07,423 units to 2,01,543 units. Dealers booked 1,43,976 cars in Apr 2010 as against...

TML LAUNCHES NEW RANGE OF INDICA VISTA (price starts at Rs3,57,000 for the petrol variant and Rs4,40,000 for the diesel variant).
May 31, 2010... Tata Motors Ltd (TML) has launched a new range of the Indica Vista - the Drivetech4 series. The price of the new Vista range starts at Rs3,57,000 for the petrol variant and Rs4,40,000 for the diesel variant. The new range comes fitted with the...

Monoclonal antibodies - a profitable segment. (The value of the global therapeutic mAb market grew from Rs 31,101 crore to Rs 1.55 lakh crore with four giant companies).(Industry overview)
May 31, 2010... Therapeutic monoclonal antibodies (mAbs) represent a big wave of innovation created by the biopharmaceutical industry. Between 2004 and 2008, the value of the global therapeutic mAb market grew from Rs 31,101 crore to Rs 1.55 lakh crore with...

Diabetes Research pipeline. (The drug is passed through Phase I and dose specific Phase II clinical trials).
May 31, 2010... Biocon has brought out a new revolution in diabetic research by developing an oral insulin capsule IN-105. It is well accepted that subcutaneous injection of insulin gives effective diabetic treatments but needling method is inconvenient to many...

Takeda's Insulin pipeline. (Takeda San Diego (TSD) has discovered a new drug SYR-322, a DPP-4 inhibitor for type 2 diabetes).
May 31, 2010... Takeda San Diego (TSD) has discovered a new drug SYR-322, a DPP-4 inhibitor for type 2 diabetes after its core product Actos, an antidiabetic drug. Currently, the company is working on combining SYR-322 and Actos to form a new product.

Clintech on a go global mission. (The company is determined to surpass its revenue from $20 Million to $35 Million in 2010).
May 31, 2010... UK based ClinTech International (ClinTech) has taken a resolution to expand its clinical research business globally. The company is primarily involved in clinical trials of some well known therapeutics like oncology, neurology, cardiovascular,...

TechnoConcept sets to expand lab business. (The company is already promoting proteomics solution in collaboration with Proteomics International, Australia).
May 31, 2010... TechnoConcept India is keen to expand its lab products using new technologies to sway Indian growing market. The company is already promoting proteomics solution in collaboration with Proteomics International, Australia. Besides, the...

Millipore launches Western Blot Detection Reagents. ( Premixed HRP substrates execute high sensitive chemiluminescent protein detection with lesser time than the old version western blotting reagents).
May 31, 2010... Millipore Corp (Millipore) has launched a new era of premixed Western blot detection reagents called Luminata horseradish peroxidase (HRP) substrates. Premixed HRP substrates execute high sensitive chemiluminescent protein detection with lesser...

Indian biotech saw 26 percent growth in 2009. (Accelerated demand of vaccines, CROs, biopesticides, biofertilizers, biodiesels and biopharmaceuticals will fortify biotech market).
May 31, 2010... The outlook for the Indian biotech industry in 2009 is exceptionally good. The industry reported a growth at a CAGR of 26.5 percent with revenue of Rs 10,682 crore in 2009. This is attributed to government's initiative in setting up more biotech...

Prakruthik launches nanotech capsules. (Prakruthik is nanotechnology based preventive health care company).
May 31, 2010... Prakruthik Health Care (Prakruthik) has introduced En-Tube capsules as an over-the-counter drug for intracorporeal detoxification. The capsule has been developed using nanotechnology. The capsule is composed of purified nano minerals and...

Stempeutics CLI therapy in Phase I/II trial. (The product manufacturing practices would be in accordance to Indian FDA regulation and would take place in GMP acquiescent lab).
May 31, 2010... Stempeutics Research has announced successful completion of Phase I/II clinical trial of Stempeutics CLI for Critical Limb Ischemia. Stempeutics CLI is bone marrow originated stem cell product. DCGI approved this multi-centric,...

GVK POWER PLANS TO INCREASE STAKE IN BENGALURU, MUMBAI AIRPORTS (for acquiring a majority stake in both).
May 31, 2010... GVK Power and Infrastructure plans to acquire a majority stake in Bangalore and Mumbai International airports, if the expected shareholders sell the stake. The Company now holds 29 percent stake in Bangalore International Airport Ltd and 37...

AAI TO INVEST Rs4,500 CRORE FOR AIRPORT MODERNISATION (of non-metro airports by end-2010).
May 31, 2010... The Airports Authority of India (AAI) plans to modernise non- metro airports by end-2010 with an investment of Rs4,500 crore. AAI proposes the city-side development of 24 airports across the country including Ahmedabad and Amritsar. Of these, 10...

BIAL SIGNS DEAL WITH MOVEO SYSTEMS (for deploying multi-lingual human interactive airport solution at the airport by Jul 2010).
May 31, 2010... Bangalore International Airport Ltd (BIAL) has signed an agreement with Moveo Systems for deploying the multi-lingual human interactive airport solution at the airport by Jul 2010. Moveo Systems will set up a user-friendly interactive and...

THREE INDIAN COMPANIES SHORTLISTED FOR PRIVATISATION OF MALE AIRPORT (which includes GMR, Reliance Infrastructure and GVK Airport Developers).
May 31, 2010... Three companies of India have been shortlisted to execute privatisation of Male International Airport in the Maldives. The evaluation committee headed by the Government of Maldives has shortlisted GMR, a consortium of Reliance Infrastructure...

TERMINAL-1 OF BENGALURU AIRPORT TO BE EXPANDED (with an investment of Rs600 crore).
May 31, 2010... The promoters of Bangalore International Airport Ltd plan to expand terminal-1 of the airport with an investment of Rs600 crore. The terminal will be expanded by 70 percent of the existing building with an additional space of 40,000 square...

ENVIRONMENTAL CLEARANCE GRANTED TO PROPOSED INTERNATIONAL AIRPORT IN UTTAR PRADESH (to expedite development of the Rs750-crore airport).
May 31, 2010... The Government of India has given environment clearance to the international airport, proposed to be set up in Kushinagar district of Uttar Pradesh. This will expedite the development of the airport project, which involves an investment of Rs750...

GOVERNMENT TO FORMULATE POLICY TO BOOST PORTS' CAPACITY (to 1.25 bt by 2012 through PPP).
May 31, 2010... The Government of India plans to formulate a comprehensive policy for expanding the capacity of ports through public-private partnership (PPP). The proposed policy is expected to raise the capacity of ports to 1.25 billion tonnes (bt) by 2012....

NAVAYUGA TO DEVELOP MACHILIPATNAM PORT (with an investment of Rs1,590 crore).
May 31, 2010... The Government of Andhra Pradesh plans to award development work of the Rs1,590-crore Machilipatnam Greenfield Port to Navayuga Engineering Company Ltd. In awarding the contract, the Andhra Government has taken into consideration the Company's...

MORMUGAO PORT PLANS UPGRADATION WITH Rs3,000 CRORE (to be completed by May 2014).
May 31, 2010... The Mormugao Port Trust plans to modernise and develop the infrastructure of the port with an investment of Rs3,000 crore. With this, there will be a rest and recuperation berth for the naval warships calling at the port. While this berth is...

IIF TO PUMP IN Rs150 CRORE IN KARAIKAL PORT (to fund its second phase expansion).
May 31, 2010... India Infrastructure Fund (IIF), through IDFC Project Equity Company Ltd, plans to fund the second phase expansion of the Karaikal Port with an investment of Rs150 crore in the Karaikal Port Pvt Ltd. The Rs1,500-crore expansion plan is likely to...

KAKINADA SEAPORTS TO INVEST Rs800 CRORE FOR EXPANSION (to increase the port's capacity to 20 mt).
May 31, 2010... Kakinada Seaports Ltd plans to increase the port's capacity to 20 million tonnes (mt) with an investment of Rs800 crore. The Port, which now has 4 berths, has undertaken several expansion works. Under this, 3 berths are likely to be completed by...

EIGHT PORT DEVELOPMENT PROJECTS TO BE AWARDED UNDER PPP (by the Government in 2010-2011).
May 31, 2010... The Government of India has identified 8 port development projects for awarding under public-private partnership (PPP) model in 2010-2011. These projects are expected to attract an investment of around Rs1,296 crore from the private sector. ...

RAIL VIKAS NIGAM COMPLETES RAIL CONNECTIVITY TO VALLARPADAM TERMINAL (with an investment of Rs350 crore).
May 31, 2010... Rail Vikas Nigam Ltd has completed the connectivity to the international container transhipment terminal at Vallarpadam in Kerala with an investment of Rs350 crore. The connectivity covers 8.86 kilometres (km) from Edappally near the existing...

RAKES FOR MONORAIL READY, MASTER PLAN TO BE FINALISED SOON (for the first monorail project of the country in Mumbai).
May 31, 2010... Scomi of Malaysia plans to despatch the first 4 rakes it has built for the first monorail project of the country in Mumbai. The Mumbai Metropolitan Region Development Authority (MMRDA) also proposes to approve the master plan for implementing...

RAILWAYS MAY LOSE Rs100 CRORE DUE TO ORISSA RAKES (from freight traffic operations in 2009-2010).
May 31, 2010... The Indian Railways is likely to lose up to Rs100 crore from freight traffic operations in 2009-2010 due to the fallout of the mining scam in Orissa, where 5 rakes have been lying unutilised since Mar 2010. Due to this, the Ministry of Railways...

DEDICATED FREIGHT CORRIDORS MAY GET DELAYED (due to problems in land acquisition).
May 31, 2010... The Dedicated Freight Corridors (DFC) project of the Indian Railways is expected to be delayed due to problems in land acquisition. The railways plan to develop DFCs for transforming the country's freight traffic business. Totally 11,180...

DELHI METRO ADDS FIFTH LINE (to benefit commuters in western and north-western areas of Delhi).
May 31, 2010... Delhi Metro Rail has added fifth line to its network. This is expected to benefit over one lakh commuters living in Delhi's western and north-western areas. The new line has 14 stations. These are: Inderlok, Ashok Park Main, Punjabi Bagh...

AFCONS TO BUILD INDIA'S FIRST UNDERWATER TRAIN TUNNEL (for KMRC with an investment of Rs938 crore and likely to be completed by Nov 2013).
May 31, 2010... Afcons Infrastructure has received an order for value Rs938 crore from the Kolkata Metro Railway Corporation (KMRC). The contract is for executing a critical stretch of the Rs4,678-crore East- West Metro, which involves 3 underground stations...

INDIA, JAPAN TO SIGN Rs454-CRORE LOAN DEAL FOR DEDICATED FREIGHT CORRIDOR (besides the 2.6-billion Yen loan signed under the engineering services agreement by Dec 2009).
May 31, 2010... India and Japan plan to sign an agreement for the first tranche of 9 billion Yens (Rs454 crore) of the main loan, for funding the dedicated rail freight corridor project. This is besides the 2.6- billion Yen loan signed earlier under the...

GAYATRI PROJECTS BAGS CONTRACT WORTH Rs602 CRORE (from NHAI under NHDP Phase-V on NH-3 in Madhya Pradesh).
May 31, 2010... Gayatri Projects has secured a Rs602-crore road project from the National Highways Authority of India (NHAI). The contract is for six-laning the highway between Indore and Dewas section of National Highway-3 (NH-3) from 577 kilometre (km) to 610...

FIVE HIGHWAY PROJECTS WORTH Rs4,355 CRORE CLEARED (by the Cabinet Committee on Infrastructure).
May 31, 2010... The Cabinet Committee on Infrastructure of the Government of India has approved 5 national highway development projects for value Rs4,355 crore. These projects include: four-laning of 50.6 kilometre stretch in Patna-Bhaktiyarpur section in Bihar...

NHAI SETS TECHNICAL EXPERIENCE GUIDELINES FOR BIDDERS (for excluding the non-serious firms from bidding for the mega road projects).
May 31, 2010... The National Highways Authority of India (NHAI) has raised the technical experience criterion of bidders of projects. This is for deterring the non-serious firms from bidding for the mega road projects, which are coming up. As per the norms,...

IRB SECURES FINANCIAL CLOSURE FOR TWO HIGHWAY PROJECTS (to be developed on DBFOT basis, in Maharashtra and Goa).
May 31, 2010... IRB Infrastructure Developers of Mumbai has achieved financial closure for its Amravati-Talegaon highway project and Goa Tollway project. The Amravati-Talegaon project contract is for four- laning that section of National Highway-6 in...

NHAI'S ROHTAK-BAWAL PROJECT AWARDED TO JMC PROJECTS (entailing a cost of Rs1,000 crore).
May 31, 2010... JMC Projects (India) has secured a project from the National Highways Authority of India (NHAI) for constructing a 4-lane highway between Bawal and Rohtak in Haryana. The project involves a total cost of about Rs1,000 crore. It will be...

CEMENT PRODUCERS FOCUS ON RURAL MARKETS (by expanding dealership and retail networks).
May 31, 2010... Cement companies plan to focus more on the untapped rural market. These include companies like UltraTech, Heidelberg Cement, ACC, Ambuja, Shree Cement and Binani Cement. Shree Cement proposes to enlist 2,000 new dealers in rural areas by 2011...

COMMERCIAL OPERATIONS BEGIN AT ANJANI CEMENT'S NEW PLANT (in Andhra Pradesh, after capacity expansion).
May 31, 2010... Anjani Portland Cement has commenced commercial production at its newly expanded facility in Andhra Pradesh. With this, the Company's total capacity has reached 1.16 million tonnes per annum. It has invested around Rs181 crore for the...

ACC TO INVEST Rs1,300 CRORE FOR EXPANSION (of capacity to 30.5 mt by end-2010).
May 31, 2010... ACC, owned by Holcim, plans to increase its capacity to 30.5 million tonnes (mt) by end-2010 from 26 mt now with an investment of Rs1,300 crore. All capacity additions in 2010 will be through brownfield expansion. The share of captive power in...

CEMENT PRODUCTION AND DESPATCHES IN FOR APR 2009-MAR 2010 (compared to in Apr 2008-Mar 2009).
May 31, 2010... Cement production in Apr 2009-Mar 2010 was 160.31 million tonnes (mt) compared to 142.65 mt in Apr 2008-Mar 2009. Cement despatches were 159.43 mt (142.23 mt). Production for Mar 2010 was 15.74 mt against 14.43 mt in Mar 2009. In Mar 2010,...

CEMENT SECTOR TO GROW AT 10% (in 2010 with the Government's thrust on infrastructure projects).
May 31, 2010... The cement industry is likely to face challenges in 2010-2011 due to increase in input costs, non-availability of railway wagons to transport and excess supply. The Government of India's thrust on infrastructure is expected to sustain an annual...

TNCCL RECEIVES Rs116 CRORE FROM GOVERNMENT (for modernising its Alangulam plant).
May 31, 2010... The Government of Tamil Nadu has sanctioned Rs115.91 crore to the Tamil Nadu Cement Corporation Ltd (TNCCL) for modernising its Alangulam plant. With this, TNCCL's production is likely to increase by 50 percent, while its cost will come down...

CEMENT COMPANIES TO HIKE PRICES SOON (due to change in prices of coal and other raw materials, and freight charges).
May 31, 2010... The cement price is expected to go up by Rs7 per bag, with change in prices of coal and other raw materials and freight charges. Further the rise in diesel and petrol prices has also eroded the margins. After the price hike, a 50-kilogram cement...

MONNET ISPAT TO INVEST Rs2,400 CRORE FOR CEMENT PLANTS (to be set up in Chhattisgarh and Gujarat).
May 31, 2010... Monnet Ispat and Energy Ltd plans to set up cement plants in Chhattisgarh and Gujarat with an investment of Rs2,400 crore. These plants are likely to be commissioned by 2013. The Company proposes to initially set up a 3-million tonne (mt)...

JP ASSOCIATES' BUSINESS TO GO UP BY 40% (in 2010-2011).
May 31, 2010... Jaiprakash (JP) Associates expects its cement business to record a 40 percent growth in 2010-2011. The Company has increased its capacity in 2009-2010 to produce 17.1 million tonnes per year. Its cement despatches in Feb 2010 rose by 61 percent...

MADRAS CEMENTS TO INCREASE MANUFACTURING CAPACITY (of its Ariyalur plant to 4.5 mt by Apr 2011 with an investment of Rs800 crore).
May 31, 2010... Madras Cements Ltd plans to increase the capacity of its Ariyalur plant to 4.5 million tonnes (mt) by Apr 2011 with an investment of Rs800 crore. The Company also proposes to set up a 65-megawatt coal-based captive power plant. After...

CEMENT MAKERS SWITCHE PRIORITIES WITH MARKET CONDITIONS (manufacturers in North India plan to change from Portland pozzolana to ordinary Portland).
May 31, 2010... Cement manufacturers in North India plan to change from Portland pozzolana to ordinary Portland to encash the increase in infrastructure projects. Ordinary Portland is used for making cement for roads, bridges and dams, which need high...

ACC TO MANUFACTURE CEMENT FROM NON-BIODEGRADABLE WASTE (at its Bargah plant in Orissa).
May 31, 2010... ACC Ltd plans to process non-degradable waste materials like disposed water bottles, polythene and others for making cement at its Bargah plant in Orissa. For this, the Company proposes to enter into agreements with urban local bodies (ULB) in...

AMBUJA'S NALAGARH CEMENT PLANT OPERATIONAL (grinding unit in Himachal Pradesh set up with an investment of Rs300 crore).
May 31, 2010... The grinding unit of Ambuja Cements Ltd at Nalagarh in Himachal Pradesh has begun operations. It has a manufacturing capacity of 1.5 million units per annum. The facility entailed an investment of Rs300 crore, the construction work of which was...

VRL GROUP TO ENTER CEMENT BUSINESS (by setting up a plant in Karnataka with an investment of Rs954 crore).
May 31, 2010... VRL Logistics Ltd, a road transport company of India, plans to enter cement business by setting up a cement plant by name VRL Cements Ltd. For the project, the Company proposes to set up a 2- million tonnes per annum Greenfield plant over 300...

GRUNDFOS PUMPS ON AN EXPANSION MODE (of its Thoraippakkam facility in Chennai with an investment of Rs17.60 crore).
May 31, 2010... Grundfos Pumps India has launched the second phase of its Thoraippakkam facility in Chennai with an investment of Rs17.60 crore. The second phase consists of material handling equipment for pumps and components in the manufacture, assembly...

NEW JCB FACILITY IN JALANDHAR (fully equipped with international standard servicing for providing one-stop solution to its customers).
May 31, 2010... JCB India Ltd has launched its first state-of-the-art 3S dealer facility at Jalandhar. The Company expects 15 percent growth in 2010-2011 by strengthening its dealer network and upgrading project designs. DADA Earthmovers has built the...

RAJKOT MACHINE TOOLS INDUSTRY TIES UP WITH UNIDO (for technology upgradation and meeting the rising demand).
May 31, 2010... Machine tools industry of Rajkot in Gujarat plans to gear up for meeting the rising demand. The industry is engaged in technology upgradation with the help of United Nations Industrial Development Organisation (UNIDO). For this, UNIDO will...

HITACHI CONSTRUCTION TO SET UP INDIAN JV UNIT (with an investment of 22.60 billion Yen for enhancing its sales in the Indian market).
May 31, 2010... Hitachi Construction Machinery Company plans to set up a unit in India with an investment of 22.60 billion Yen ($244 million) for enhancing its sales in the growing Indian market. The Company is the second largest earth-moving equipment maker of...

JYOTI CNC TO INVEST Rs250 CRORE TOWARDS EXPANSION (and introduction of new product range, by 2013).
May 31, 2010... Jyoti CNC Automation Pvt Ltd, a CNC machine maker of Rajkot, plans to expand its capacity and introduce new product range by 2013, with an investment of Rs250 crore. The Company also proposes to enhance production capacity to 5,000 units per...

TATA MOTORS TO SELL STAKE IN TELCO CONSTRUCTION (to its partner Hitachi Construction Machinery Company Ltd).
May 31, 2010... Tata Motors Ltd plans to sell 60 percent of its stake in Telco Construction Equipment Company Ltd to its partner Hitachi Construction Machinery Company Ltd. The pact is expected to be completed by Aug 2010. Tata Motors' stake in Telco is around...

SANY OPENS FIRST MANUFACTURING FACILITY IN PUNE (with a built-up area of 37,000 square feet).
May 31, 2010... The Sany Group has launched its first state-of-the-art manufacturing facility over 3.3 lakh square metres with a built- up area of 37,000 square feet at Pune. The facility has a comprehensive manufacturing set up, product design and...

McNALLY BHARAT BAGS ORDER FROM GOA SHIPYARD (for value Rs29.08 crore to supply 45-tonne cranes).
May 31, 2010... McNally Bharat Engineering Company, an engineering company of India, has received a contract for value Rs29.08 crore from Goa shipyard for supplying cranes. The Company will supply a 45-tonne level luffing crane for jetty and another such crane...

WORK ON BHARAT FORGE AND NTPC JV BEGINS (on its manufacturing facility in Maharashtra with an investment of around Rs350 crore).
May 31, 2010... BF-NTPC Energy Systems Ltd, a joint venture of Bharat Forge Ltd and the NTPC Ltd, has started work on its manufacturing facility on 100 acre at Solapur in Maharashtra. The plant, involving an investment of Rs300 crore-Rs350 crore, is expected to...

ELDECO GROUP LAUNCHES PROJECT IN PUNJAB (by name Eldeco Estate One at Ludhiana).
May 31, 2010... The Eldeco Group of Delhi plans to launch its first residential project 'Eldeco Estate One' on 80 acres at Ludhiana in Punjab. The project will have villas, independent floors and group housing. The Company will make Eldeco Mansionz as its...

VISION INDIA FORMS JV WITH GEM GROUP (to promote a residential project with an investment of Rs300 crore).
May 31, 2010... Vision India has signed a joint venture (JV) agreement with the Gem Group to promote a residential project with an investment of Rs300 crore. This is part of the Company's plan to develop real estate, logistics and warehousing projects by 2013...

FIVE LAKH AFFORDABLE HOMES TO COME UP IN MUMBAI METROPOLITAN REGION (by 2015 with a total investment of about Rs15,000 crore).
May 31, 2010... Maharashtra Chamber of Housing Industry plans to build 5 lakh affordable houses by 2015 jointly with the Government of Maharashtra. Around 500 builders are likely to participate in the project, which involves a total investment of about Rs15,000...

PURAVANKARA FORMS JV FOR AFFORDABLE HOUSING (with Homex India Pvt. Ltd of Mexico).
May 31, 2010... Puravankara Projects has entered into an agreement with Homex India Pvt Ltd of Mexico to form a joint venture (JV) company for developing affordable housing projects. The JV proposes to make use of the huge requirement in India for affordable...

SUPREME INFRA TO DEVELOP KAPURTHALA JUDICIAL COMPLEX (by May 2012 with an investment of Rs44 crore).
May 31, 2010... Supreme Infrastructure India Ltd has secured a contract for value Rs44 crore. The order is for constructing a Judicial Court Complex at Kapurthala by May 2012.