India Business Insight articles from October 2011, page 7

India Business Insight archives from October 2011

NEW BOSCH HOME APPLIANCES RANGE FOR INDIAN CONSUMERS (new range of appliances includes dishwashers, dryers, refrigerators and washing machines).
October 31, 2011... Bosch and Siemens Home Appliances Group (BSH) has introduced a new range of Bosch home appliances in India through its subsidiary, BSH Home Appliances Private Limited. The new range of appliances includes dishwashers, dryers, refrigerators and...

COAL INDIA AFRICANA (commences exploratory and development work at two coal blocks in Mozambique).
October 31, 2011... Coal India Africana, a subsidiary of Coal India Ltd, has commenced exploratory and development work at two coal blocks in Mozambique. The blocks are estimated to have reserves of one billion tonnes. Coal India is planning to develop coal...

LEBUA HOTELS & RESORTS TO LAUNCH WORLD'S COSTLIEST INDIAN RESTAURANT IN DELHI (by Dec 2011).
October 31, 2011... Lebua Hotels & Resorts plans to open the world's costliest Indian restaurant in Delhi by Dec 2011. The restaurant will have a cover charge of $400. Starex Developers, the developer of the property has already invested Rs700 crore on the...

KALE CONSULTANTS TO DEVELOP SOLUTIONS FOR TRAVEL INDUSTRY (along with its parent company Accelya Group).
October 31, 2011... Kale Consultants plans to develop special solutions for the travel and tourism sectors. It would partner with its parent company Accelya Group for developing the solutions on the cost side of finance and accounting, besides back-end solutions...

BMI TO LAUNCH DIRECT THRICE WEEKLY SERVICE FROM LONDON TO AMRITSAR (from 13 Oct 2011).
October 31, 2011... British Midland International (BMI) is launching thrice weekly direct services from London to Amritsar. The service is from 13 Oct 2011 and the travel time from Amritsar to London would be 12 hours and 11 hours 35 minutes from London to Amritsar...

ARK TRAVELS TO BECOME CRUISE WHOLESALERS (and will focus on tier II and III cities for the cruise business).
October 31, 2011... Ark Travels of Mumbai is planning to become cruise wholesalers. The company, which is promoting and selling cruises, would focus on tier II and III cities for the cruise business. The cost of luxury cruise package would be about $500 per person...

AMET CRUISES TO START MUMBAI OPERATIONS FROM JAN 2012 (and launch operations from Kochi in Oct 2011).
October 31, 2011... AMET Cruises of Chennai plans to commence Mumbai operations from Jan 2012. It is launching its operations from Kochi in Oct 2011. Its cruise liner M V Majesty will sail to Lakshadweep and Goa from Mumbai. It will sail from Kochi to Colombo and...

AVIAREPS KEEN ON ASSOCIATING WITH AIRPORTS (in India to help them in managing the traffic flow).
October 31, 2011... Aviareps of Germany intends to partner with airports in India. It aims to help them in managing the traffic flow. Aviareps, which has tied up with seven airports globally, offers marketing and public relation services, besides tax handling,...

ENGEE TOUR & TRAVELS TO DEVELOP MEDICAL TOURISM VERTICAL (in India).
October 31, 2011... Engee Tour & Travels plans to develop medical tourism vertical in India. It would focus more on holiday packages in the coming years for its growth. The company is targeting green tourism for its growth.

KINGFISHER AIRLINES LAUNCHES THREE NEW ROUTES TO COLOMBO (from South Indian cities).
October 31, 2011... Kingfisher Airlines has launched three new routes to Colombo from South Indian cities. The routes are Tiruchirapalli-Colombo- Tiruchirapalli, Kochi-Colombo-Kochi, and Thiruvananthapuram- Colombo-Thiruvananthapuram. ATR 72-500 aircraft will...

AIR INDIA INTRODUCES DIRECT FLIGHTS BETWEEN DELHI AND PORT BLAIR (with a stopover at Bhubaneswar).
October 31, 2011... Air India has launched direct flight AI 9603/9604 between Delhi and Port Blair with a stopover at Bhubaneswar. CRJ-700 aircraft with 70 seats will be operated on the route on all days of the week except Saturday.

BANGKOK AIRWAYS LAUNCHES BENGALURU-BANGKOK SERVICE (and the airline will operate five flights weekly on this route).
October 31, 2011... Bangkok Airways has launched Bengaluru-Bangkok direct flight. It would operate five flights weekly, except Monday and Friday from Bengaluru to Bangkok by A319 with 138 economy class seats. The airline is introducing business class on this...

ASCOTT OPENS FIRST SOMERSET SERVICED RESIDENCE IN INDIA (at Chennai with 187 units).
October 31, 2011... Ascott has opened its first Somerset brand of serviced residence in India. Somerset Greenways Chennai with 187 units is in MRC Nagar and is a joint venture of Ascott and the Rattha Group, an infrastructure development, leasing and exports...

MARRIOTT INTERNATIONAL PLANS TO INTRODUCE AUTOGRAPH COLLECTION IN INDIA (in near future).
October 31, 2011... Marriott International plans to launch its Autograph Collection, an upscale brand, in India in near future. It would open Autograph Collection in major metros and leisure destination in the country. Marriott International plans to open 100...

JHM INTERSTATE TO OPERATE 12 HOTELS BY 2012 (and takes up projects in Rajasthan, Jammu & Kashmir and Kerala).
October 31, 2011... JHM Interstate Hotels India, an independent hotel management company, plans to operate 12 hotels in India by 2012. It has taken up projects in Rajasthan, Jammu & Kashmir and Kerala. The five star projects that are likely to open in Mar...

IHR CAPTURES TIER II-III CITIES FOR HOTELS, TOUR PACKAGES (and offers 11,000 hotels in India now).
October 31, 2011... Indiahotelreview.com (IHR) of Noida offers 11,000 hotels in India now, of which 2,000 are from tier I, II, and III cities. It is focusing on tour packages, besides hotel rooms in tier II and III cities.

NEEMRANA HOTELS TO LAUNCH NOBLE HOMES CONCEPT (and is opening Diwan's Bunglow in Ahmedabad soon).
October 31, 2011... Neemrana Hotels is opening Diwan's Bunglow with six rooms in Ahmedabad soon under its Neemrana Noble Homes concept. Ishavilas in Soilim, Goa, is the first one to be opened under the Noble Homes concept.

BRYS HOTELS CHALKS OUT INTERNATIONAL PLAN WITH MALDIVES PROPERTY (with 120 water villas).
October 31, 2011... Brys Hotels has entered into a memorandum of understanding with the Government of Maldives for a joint venture to develop Maldives property with 120 water villas. It is also launching BRYS Fort Jaisalmer by Dec 2011.

BLUECHIP PROJECTS TO SET UP FOOD-AND-FOOTBALL MERCHANDISE LOUNGE IN KOLKATA (with an investment of Rs2.5 crore).
October 31, 2011... Bluchip Projects of Kolkata, plans to set up a food and football merchandise lounge in Kolkata with an investment of Rs2.5 crore. The lounge of 3,000 square feet is proposed to come up at Dum Dum Nagerbazar near Kolkata airport.

FIIs TO GET FLEXIBILITY IN INFRA BOND INVESTMENTS (as Government of India reduces the lock in period to one year from three years for FIIs investing in infrastructure bonds).
October 31, 2011... The Ministry of Finance, Government of India, has relaxed the norms for foreign institutional investors (FII) investing in long- term infrastructure bonds. It has reduced the lock in period to one year from three years for a five-year bond for...

Rs18,500 CRORE BOOST TO DMIC (from the Government of India).
October 31, 2011... The Council of Ministers, Government of India has cleared the proposal for infusion of Rs18,500 crore in the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC). The fund infusion is for developing seven cities in six states,...

GMR BAGS FIRST MEGA HIGHWAY PROJECT (in India).
October 31, 2011... The GMR group has won the first brownfield mega highway project in India. The project involves six laning of 555 kilometres long Kishangarh-Udaipur-Ahmedabad highway. It is to be executed on public-private-partnership basis on...

MUNDRA LONE BIDDER FOR CHENNAI TERMINAL (and the project cost is Rs3,686 crore).
October 31, 2011... Mundra Port and Special Economic Zone is the only bidder for the terminal project at Chennai Port. It has quoted the lowest bid for the project. The project cost is Rs3,686 crore.

KOCHI LIQUID TERMINAL (to be set up at a cost of Rs200 crore).
October 31, 2011... Kochi port has shortlisted five companies for the multi user liquid terminal project. The cost of the project is estimated at Rs200 crore. The project to be executed on build-operate-transfer basis has a concession period of 30 years.

PSA-ABG CONSORTIUM WINS BID FOR JNPT TERMINAL (estimated to cost Rs6,700 crore).
October 31, 2011... The consortium of PSA of Singapore and ABG Group of India has won the terminal project at Jawaharlal Nehru Port Trust (JNPT). The fourth terminal at JNPT is estimated to cost Rs6,700 crore. The annual capacity of the proposed terminal...

KARAIKAL PORT BAGS Rs2 BILLION PE INVESTMENT (from Ascent Capital of Bangalore).
October 31, 2011... Ascent Capital of Bangalore, private equity (PE) firm, would invest Rs2 billion in MARG Karaikal Port. The port would use the PE investment for its phase 2A expansion. The capacity of the port would be expanded to 28 million tonnes per annum...

ONGC TO TAP GAS FROM NORTH TAPTI (marginal gas field in Oct 2011).
October 31, 2011... Oil and Natural Gas Corporation (ONGC) plans to commence gas production from the North Tapti marginal gas field in Oct 2011. It took up the project for development in 2009 at an estimated cost of Rs580 crore. The gas production from the field...

GSPC, BG INDIA FOR LONG-TERM LNG SUPPLY (of up to 2.5 million tpa).
October 31, 2011... Gujarat State Petroleum Corporation (GSPC) and BG India have entered into a preliminary agreement for the long-term liquefied natural gas (LNG) supply. Under the agreement, BG India would supply up to 2.5 million tonnes per annum (tpa) of LNG to...

GAIL PROJECTS FACE LAND ACQUISITION HURDLES (which have stalled gas pipeline projects worth Rs3,000 crore).
October 31, 2011... Gail India Ltd is facing land acquisition problems, which have stalled gas pipeline projects worth Rs3,000 crore. According to the company, the Dadri-Bawana-Nangal, Dahej-Vijaipur and the Kochi-Bangalore-Mangalore projects would be delayed if...

CRUDE OIL PRODUCTION UP (by 1.6% to 3.24 million tonnes in Aug 2011).
October 31, 2011... India's crude oil output was at 3.24 million tonnes in Aug 2011, up 1.6 percent over Aug 2010. The increase in production is attributed to higher production from Cairn India Ltd. Cairn produced 5,42,000 tonnes in Aug 2011, up 1.8 percent...

SAHARA ENTERS O&G SECTOR (with the acquisition of EnSearch Petroleum).
October 31, 2011... The Sahara Group has ventured into the oil and gas (O&G) sector. It has acquired EnSearch Petroleum Pvt Ltd from Enso Group. EnSearch has 13 O&G assets with a total acreage of about 33,207 square kilometres.

STERLITE BAGS BSNL ORDER (worth Rs114 crore).
October 31, 2011... Sterlite Technologies Ltd has secured an order worth Rs114 crore from Bharat Sanchar Nigam Limited (BSNL). As per the order, Sterlite would set up broadband network in the telcom circles of BSNL. It would complete the project in 2012-2013...

SECOND PHASE OF E-GRAM PROJECT (to begin soon in Gujarat).
October 31, 2011... The Government of Gujarat would begin soon the second phase of its e-Gram project in partnership with Bharti Airtel. It has linked 13,700 villages online in the first phase, out of total 18,000 villages. In the second phase, the remaining...

TATA POWER TO RUN MUNDRA UMPP AT LOW CAPACITY (to minimise its losses from running the plant due to increase in cost of imported coal from Indonesia).
October 31, 2011... Tata Power Company has decided to operate its 4,000 megawatts Mundra ultra mega power project (UMPP) at low capacity of about 78 percent. The move is aimed at minimising its losses from running the plant due to increase in cost of imported...

NTPC TO RAISE CAPACITY (to 36,000 mw by Mar 2012).
October 31, 2011... NTPC Limited plans to raise its power generation capacity to 36,000 megawatts (mw) by Mar 2012. It is investing Rs3,300 crore to expand capacity of its supercritical Sipat plant by 2x660 mw by Mar 2012. NTPC has already commissioned the first...

RPOWER'S SAMALKOT PROJECT (aims to generate 2,400 mw by Dec 2012).
October 31, 2011... Reliance Power (RPower) Ltd has received six turbines from GE of the US for its 2,400 megawatts (mw) gas-based Samalkot power project. The first set of two turbines would be commissioned by Dec 2011. RPower is likely to commission all the...

KERALA'S POWER PLANS (require an investment of Rs4,500 crore).
October 31, 2011... The Government of Kerala plans to set up a thermal power station at Cheemeni in Kasaragod district. The plant with a capacity of 1,200 megawatts will require an investment of Rs4,500 crore.

NHPC TO RAISE Rs2,000 CRORE DEBT (for its expansion).
October 31, 2011... NHPC Limited is planning to raise debt of Rs2,000 crore for its expansion. It would issue bonds and raise term loans in the Indian market for the debt. NHPC is currently executing 10 projects of total capacity of 4,502 megawatts.

RELIANCE POWER PROJECT GETS APPROVAL FOR CARBON CREDITS (and its Tilaiya project will generate 21.3 million carbon credits during the first 10 years).
October 31, 2011... Reliance Power Ltd has received the approval for carbon credits from the United Nations Framework Convention on Climate Change for its 3,960 megawatts Tilaiya ultra mega power project in Jharkhand. According to the company, the project would...

NMDC STAKE IN SUNFLAG (for acquiring 26% stake in the Mozambique coal project).
October 31, 2011... NMDC Limited is acquiring 26 percent stake in the Mozambique coal project of Sunflag Iron & Steel Company Ltd. The company has signed an agreement with Sunflag for the purpose. The stake acquisition is part of NMDC's plan to invest in...

VOC PORT'S E-SAIL INITIATIVE (and L&T Infotech will implement the project worth Rs19.75 crore).
October 31, 2011... L&T Infotech Ltd has won a contract worth Rs19.75 crore from VOC Port for electronic systems and information logistics. The contract is for implementation of web-enabled integrated electronic port information system. L&T has signed an...

NH 56 DEVELOPMENT (in Uttar Pradesh approved by CCI at a cost of Rs1,092.6 crore).
October 31, 2011... The Cabinet Committee on Infrastructure (CCI), Government of India has approved the implementation of the road development project on National Highway (NH) 56 in Uttar Pradesh. The project NHDP Phase IV will be executed in build-operate-transfer...

GVK ARM BAGS HIGHWAY PROJECT IN MADHYA PRADESH (from National Highways Authority of India).
October 31, 2011... GVK Transportation Pvt Ltd, a subsidiary of GVK Power and Infrastructure Ltd, has won a highway project in Madhya Pradesh from National Highways Authority of India. The work involves four laning of Shivpuri-Dewas section of National Highway 3 in...

R-INFRA DEVELOPING PROJECTS WORTH Rs45,000 CRORE (and expects 20 projects to commence generating revenues in 2011-2012).
October 31, 2011... Reliance Infrastructure Ltd (R-Infra) is developing 27 projects worth Rs45,000 crore. R-Infra expects 20 projects to commence generating revenues in 2011-2012, said the Chairman of the company while addressing the shareholders. It is developing...

$750 MILLION ADB LOAN FOR POWERGRID PROJECT (to improve national power transmission).
October 31, 2011... Power Grid Corporation of India is getting a loan of $750 million from the Asian Development Bank (ADB) to improve national power transmission. The loan comprises $500 million sovereign guaranteed loan and $250 million non-sovereign corporate...

TERI AND HUDCO TO PROMOTE GREEN BUILDINGS AND ENERGY CONSERVATION (have signed an MoU for encouraging energy conservation in urban areas and cities).
October 31, 2011... The Energy and Resources Institute (TERI) and Housing and Urban Development Corporation (HUDCO) have signed a memorandum of understanding (MoU) for encouraging energy conservation in urban areas and cities. They have agreed to collaborate in...

NALCO PLANS PROJECTS IN INDONESIA (one 1,250-mw power plant and another aluminium smelter).
October 31, 2011... National Aluminium Company (NALCO) has re-evaluated the reserves of its two coal mines, which it plans to use for its proposed 1,250-megawatt (mw) power project and an aluminium smelter, both in Indonesia. NALCO has sought coal supply of about...

SAIL CONSORTIUM TO BID FOR AFGHAN MINE PROJECT (with a capacity of 1.8 billion tonnes).
October 31, 2011... Steel Authority of India Ltd (SAIL) leads a mining consortium of India, which plans to develop an iron ore mine in Afghanistan. The proposed mine at Hajigak will have a capacity of 1.8 billion tonnes. The Consortium includes: NMDC, Rashtriya...

SAIL MINES ALL SET TO DOUBLE OUTPUT (by expanding capacity at its existing mines and developing new ones).
October 31, 2011... Steel Authority of India Ltd (SAIL) plans to expand its steel making capacity at its existing mines at Kiriburu, Meghahatuburu, Bolani and Gua, and develop new mines at Chiria and Taldih, with an investment of Rs70,000 crore. Under the...

BG, ONGC IN TALKS ON GAS BLOCK DEAL (to sell its stake in gas block discovered off the East Coast).
October 31, 2011... Oil and Natural Gas Corporation (ONGC) plans to sell its stake in its gas block discovered off the East Coast. For the purpose, ONGC is in discussion with the BG Group, an energy firm of the UK. It has discovered 3.42-trillion cubic feet...

BHEL TO PROVIDE RMHS FOR NEW NMDC UNIT (of 3-mtpa capacity coming up in Chhattisgarh).
October 31, 2011... Bharat Heavy Electricals Ltd (BHEL) has entered into an agreement NMDC Ltd. The agreement is for providing a raw material handling system (RMHS) package to NMDC's 3-million tonne per annum (mtpa) integrated steel plant being set up at...

CHINA STEEL TO SET UP UNIT IN BHARUCH (with an investment of $178 million).
October 31, 2011... The $8-billion China Steel Corporation (CSC) of Taiwan plans to invest $178 million in a new project in Bharuch district of Gujarat. CSC is likely to include its co-investors in the venture. This will be the second largest Taiwanese...

ELECTROTHERM AIMS AT 100 CCM UNITS NEXT YEAR (2012) (to cater to the country's secondary steel industry).
October 31, 2011... Electrotherm (India) of Ahmedabad plans to produce 100 units of its newly developed continuous casting machine (CCM) by 2012. The Company makes and supplies customised steel-making machinery to the secondary steel industry in the country. About...

SAIL-POSCO DEAL ON LAST LEG (expected to be finalised soon).
October 31, 2011... Steel Authority of India Ltd (SAIL) is in the final stage of talks with Posco, a steel maker of Korea, on its proposed $12- billion steel project in India. Posco has signed an initial agreement with SAIL to set up a 5-lakh tonne plant at Bokaro...

KSIDC, GAIL TO DEVELOP GAS INFRASTRUCTURE (for value Rs1,000 crore in the state).
October 31, 2011... Kerala State Industrial Development Corporation (KSIDC) and GAIL Gas, a fully owned subsidiary of Gail India, have entered into an agreement to set up gas-based infrastructure projects for value Rs1,000 crore in the state. KSIDC will have 24...

KOCHI METRO TO GET LAND AT KAKKANAD TO RAISE FUNDS (for expediting the Kochi Metro Rail Project).
October 31, 2011... The Government of Kerala plans to provide 33 acre at Kakkanad for Kochi Metro Rail Ltd for raising funds for the project. The Kerala Government proposes to handover the land owned by the Public Works Department, where the non-gazetted officers...

OMDC TO OPERATIONALISE SIX MINES (by Mar 2012).
October 31, 2011... Orissa Minerals Development Company (OMDC) plans to start operations at all its six mines by Mar 2012. These mines are close to getting stage-I forest clearance, to be followed by a formal environmental clearance. One mine by name Kolha Roida is...

CAIRN REVISES ITS OIL OUTPUT PROJECTION (to 3 lakh bpd from its oil block in Rajasthan, 25% more than estimated earlier).
October 31, 2011... Cairn India expects to achieve a peak output of 3 lakh barrels per day (bpd) from its oil block in Rajasthan, which will be 25 percent more than the production estimated earlier. The Company has informed that Mangala and other oilfields in the...

PEBS PLANS SECOND PLANT (in Rajasthan with an investment of Rs65 crore).
October 31, 2011... Pennar Engineered Building Systems Ltd (PEBS), a subsidiary of the Rs1,370-crore worth Pennar Industries of Hyderabad, plans to expand with an investment of Rs80 crore. The proposed expansion involves setting up a second manufacturing unit in...

TAMIL NADU MOOTS TWO NEW INDUSTRIAL CORRIDORS (expecting to attract investments over Rs1.95 lakh crore).
October 31, 2011... The Government of Tamil Nadu plans to develop two industrial corridors in the state, expecting to attract investments over Rs1.95 lakh crore. These corridors are likely to help the dispersal of industrial investment and development of...

CCIC PROJECT MOOTS 12 SELF-CONTAINED TOWNSHIPS (along both sides of the rail and road network between Cochin and Coimbatore).
October 31, 2011... The conceptual report on the proposed Cochin-Coimbatore Industrial Corridor project (CCIC), a dream project of the Government of Kerala, involves 12 self-contained industrial townships. These townships are planned on either side of the rail...

SALBONI STEEL PROJECT TO SEE THE LIGHT OF DAY (as the West Bengal Government is nearing regularisation of possession of land).
October 31, 2011... JSW Steel is likely to get the hurdle in land acquisition cleared soon for its proposed 3-million tonne integrated steel facility at Salboni in West Bengal. The Government of West Bengal is nearing regularisation of possession of 297 acre...

SAIL TO INVEST Rs20,000 CRORE IN WEST BENGAL (which includes ongoing modernisation and expansion at IISCO's facility at Burnpur, DSP and ASP).
October 31, 2011... Steel Authority of India Ltd (SAIL) plans to invest over Rs20,000 crore in West Bengal. This includes ongoing modernisation and expansion at the Indian Iron and Steel Company's (IISCO) facility at Burnpur, Durgapur Steel Plant (DSP) and Alloy...

NALCO TO SET UP REFINERY IN ANDHRA PRADESH (with an investment of Rs57,903 crore).
October 31, 2011... National Aluminium Company (NALCO) plans to set up an alumina refinery in Andhra Pradesh with an investment of Rs57,903 crore. The proposed refinery will have a capacity of 1.4 million tonnes. The project also includes setting up a 1,000-...

NOCL-TIDCO JOINTLY DEVELOPING REFINERY IN TAMIL NADU (of 6-mtpa capacity with an investment of Rs7,160 crore).
October 31, 2011... Nagarjuna Oil Corporation Ltd (NOCL), along with the Tamil Nadu Industrial Development Corporation (TIDCO), plans to develop a 6-million tonne per annum (mtpa) refinery with an investment of Rs7,160 crore. The refinery is expected to be...

AAI DEVELOPING SECOND AIRPORT NEAR CHENNAI (with an investment of Rs5,000 crore).
October 31, 2011... The Airports Authority of India (AAI) plans to develop a second airport over 5,000 acres at Sriperumbudur near Chennai. The project involves an investment of Rs5,000 crore. In phase-I, runways and other facilities will be constructed.

L&T SHIPBUILDING-TIDCO JV TO SET UP PROJECT IN TAMIL NADU (with an investment of Rs4,600 crore).
October 31, 2011... Larsen and Toubro Shipbuilding Ltd and the Tamil Nadu Industrial Development Corporation (TIDCO) have formed a joint venture (JV). The JV company will set up a shipyard-cum-port project at Kattupalli in Thiruvallur district, with an...

SAIL-NFL JV TO SET UP PLANT IN JHARKHAND (with an investment of Rs4,450 crore).
October 31, 2011... Steel Authority of India Ltd (SAIL) and National Fertilisers Ltd (NFL) have formed a joint venture (JV). The JV Company will set up a urea manufacturing plant at Sindri in Jharkhand. The project entails an investment of Rs4,450 crore.

SHRIRAM EPC SETTING UP SOLAR THERMAL POWER PLANT IN RAJASTHAN (with an investment of Rs640 crore).
October 31, 2011... Shriram EPC Ltd has secured an order from Abhijeet Projects Ltd for setting up a 50-megawatt solar thermal power project in Jaisalmer district of Rajasthan. The project involves an investment of Rs640 crore. The Company proposes to execute...

GOVERNMENT PLANS TO DEVELOP ROAD PROJECT IN ANDHRA PRADESH (on BOT basis with an investment of Rs606 crore).
October 31, 2011... Ministry of Road Transport and Highways of the Government of India plans to four-lane the Vijayawada-Machilipatnam stretch of national highway-9 in Andhra Pradesh. The project will be executed on build-operate-transfer (BOT) (toll) basis under...

GMR SETTING UP SOLAR POWER PROJECT (of 25-mw capacity by end-2011, with an investment of Rs500 crore).
October 31, 2011... GMR Infrastructure Ltd plans to set up a 25-megawatt (mw) photovoltaic solar power plant at Patan, with an investment of Rs500 crore. The project is scheduled to be completed by end- 2011.

TPCL SEZ PROJECT NEARING COMPLETION (entails an investment of Rs407 crore).
October 31, 2011... Tidel Park Coimbatore Ltd (TPCL), a special economic zone (SEZ) project, has been developed on 9.5 acre in Coimbatore. The SEZ, involving an investment of Rs407 crore, is complete in terms of infrastructure. Information technology companies...

NLC MULLS Rs402-BILLION POWER PROJECT (in Tamil Nadu, Rajasthan and Uttar Pradesh).
October 31, 2011... Neyveli Lignite Corporation (NLC) plans to set up power plants in Tamil Nadu, Rajasthan and Uttar Pradesh, with an investment of Rs40,200 crore. NLC proposes to install 7,500 megawatts (mw) of generation capacity, which includes a 4,000-mw plant...

BHEL TO FORAY INTO POWER GENERATION BUSINESS (jointly with state organisations).
October 31, 2011... Bharat Heavy Electricals Ltd (BHEL), the state-run power plant equipment maker, plans to develop power projects jointly with state organisations, subject to such joint venture (JV) companies procuring the main power plant equipment from BHEL....

GAS-BASED POWER PROJECT GETS GREEN NOD (this will be Haryana's first gas-based power project).
October 31, 2011... The Haryana Power Generation Corporation Ltd (HPGCL) has secured environmental clearance for the 1,500-megawatt (mw) gas- based power project at Mothuka and Arwa villages in Faridabad district. This will be Haryana's first gas-based power...

NALCO TO SET UP HYDEL, THERMAL POWER PROJECTS (in Orissa with a combined capacity of 645 mw).
October 31, 2011... National Aluminium Company (NALCO) plans to set up three hydro- electric power projects in Orissa with a combined capacity of 645 megawatts (mw), at places identified by the state water resources department. NALCO proposes to implement these...

SURAT TO GENERATE ENERGY FROM WASTE (to energy facility with 600-tonne capacity to generate 12 mw of power).
October 31, 2011... The Municipal Corporation of Surat in Gujarat plans to develop the state's first waste-to-energy facility with a capacity of 600 tonnes, which can generate 12 megawatts (mw) of power. It has invited tenders from interested firms for executing...

JINDAL POWER LOOKING TO BUY UNDER-IMPLEMENTATION THERMAL PLANTS (across the country for increasing its power generation capacity).
October 31, 2011... Jindal Power plans to acquire thermal power plants under implementation across the country. The Company now has one 1,000-megawatt (mw) power plant and another 6,500-mw project under implementation. It also has interests in hydro-electric power...

INDIA AND SOUTH KOREA COLLABORATE TO BUILD POWER UNITS (in Orissa along the east coast of India by 2016).
October 31, 2011... Korea East-West Power of South Korea and Sahara India Power plan to construct in collaboration and operate coal-based thermal power plants in Orissa by 2016. As per the $9-billion project terms, the companies propose to build and operate coal-...

TATA POWER TO SCOUT FOR OPPORTUNITIES ABROAD (where it expects more business and growth potential).
October 31, 2011... Tata Power looks for power projects abroad, where it expects more business and growth potential. The Company is developing a 114-megawatt (mw) hydroelectric power plant in Bhutan. It has acquired 50 percent equity in another hydel power...

THDC TO BEGIN WORK ON FINAL PHASE OF TEHRI PROJECT (of a total generation capacity of 2,400 mw).
October 31, 2011... THDC India Ltd plans to begin work on the third (last) phase of its 2,400-megawatt (mw) Tehri multi-purpose hydro electric project. The project involves constructing a dam through pumped storage plant scheme to generate 1,000 mw of power. For...

GOVERNMENT TO INVITE BIDS FOR 350-MW SOLAR PROJECTS (as part of batch-II of phase-I of NSM).
October 31, 2011... The Government of India plans to invite bids soon for 350- megawatt (mw) solar photovoltaic projects as part of the second batch of the first phase of the National Solar Mission (NSM). Planning to increase the per-unit-capacity by multiples of 5...

IMFA TO SET UP 1,320-MW POWER UNIT (with an investment of Rs6,600 crore).
October 31, 2011... Indian Metals and Ferro Alloys (IMFA) plans to set up a 1320- megawatt (mw) power project in Orissa by 2016, with an investment of Rs6,600 crore. With this, IMFA will become a commercial power generating firm. The Company proposes to set up the...

GOVERNMENT OF INDIA TO BUILD AIRPORT IN DEOGARH (with an investment of Rs350 crore, to be shared with the State Government also).
October 31, 2011... The Council of Ministers of the Government of India plans to build an airport at Deogarh in Jharkhand. The Airports Authority of India will construct the airport. Out of the total fund needed for the project, the Government of India will give...