Upcoming Projects in India

7176 World’s No 1 mobile charger company Salcomp is planning to set up another two factories in India at Noida and Southern India. First, building additional charger plant in India was an important strategic decision for Salcomp, as India is one of the world’s fastest growing mobile phone markets and even the mobile phones and smartphone numbers are quiet encouraging for 2016.

7175 Hindustan Petroleum Corp (HPCL) plans to invest around $3.8 billion to ramp up its refining capacity by two-thirds this decade, as the country's oil demand soars and to meet cleaner fuel standards, a company official told Reuters. Fuel demand in India - the world's third-biggest oil consumer - is rising at its fastest clip in more than a decade, buoyed by Prime Minister Narendra Modi's manufacturing push and as an expanding middle class buys more cars. State-run HPCL aims to raise its capacity to process about 500,000 barrels per day (bpd) of crude by investing around 250 billion rupees ($3.76 billion), refineries head, B. K. Namdeo, said in an interview. HPCL aims to boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery in India's south will ramp up to 300,000 bpd from 166,000 bpd by July 2020, he said. “We will de-bottleneck the capacity of the two CDUs (crude distillation units) at Mumbai and replace a 46,000 bpd CDU at Vizag with a new 180,000 bpd crude units,” Namdeo said. Alongside the expansion, HPCL will also revamp its gasoline and diesel production units to meet rules on producing cleaner fuels from 2020.

7174 Chennai-based hospital chain major Apollo Hospitals Enterprise Ltd plans to add 600 beds to its existing 8400-bed infrastructure spread across the country during fiscal 2016-17. The proposed expansion would require an estimated investment of around Rs. 600 crore, which the hospital player plans to meet through internal accruals and partly through debt. "We have laid out plans for greenfield expansions for the current fiscal. Our two big projects will come up in Vishakhapatnam and Navi Mumbai soon. We have also planned next round of expansions," said Sangita Reddy, Joint Managing Director, Apollo Hospitals Group

7173 The Telangana government has inked a memorandum of understanding with Chinese electronics giant Kangde Xin Composite Material Co Ltd (KDX) and Aries EPICA Electronics LLC to manufacture glasses-free 3D screens, mobiles, televisions and electronic home appliances in Telangana. During a meeting with KT Rama Rao, State IT Minister, the team explained their joint venture investment and expansion plans in Telangana, and apprised him about the company’s portfolio ranging from electronic devices to content production for the entertainment industry. Mentioning the single window clearance accorded to 1,700 industries so far in the state, Rao assured them of all possible support to realise their investment plans in the shortest possible time. Biao Zhang, KDX group Vice-Chairman for 3D displays, presented the company’s glasses-free 3D screen mobile phone to the minister and showcased their unique technology features. Under the agreement, KDX along with Aries EPICA have agreed to establish its manufacturing facility in Telangana for 3D Glasses, related consumer and non-consumer electronics products including tablets, mobile phones and display units. The state will extend all incentives and subsidies in line with the Electronic Hardware Policy and the Policy for Mobile Manufacturers, wherever applicable. Kangde Xin Composite Material Co. Ltd had a turnover of $1.2 billon in 2015.

7172 Satra Group, one of the leading developers in the real estate industry in Mumbai, has launched a multi-storey premium luxurious residential project ‘Satra Mahavir Ville’ at Matunga Central, Mumbai on the auspicious occasion of Gudi Padwa. The project is being developed with approximately 5,000 square meters of land. The total proposed construction area is approximately 0.53 million square feet. The project is located at one of the booming locality; heart of downtown Matunga, Mumbai which is a prominent location for convenient connectivity in the city. The project proposes to offers facilities like Lap Pool with Deck, Barbecue Pavilion, Seating Alcove, Multipurpose Gymnasium, Yoga Deck, Kid’s Play Area, Open Lawn, Mound Garden, Party Lawn etc. Satra Properties India is a real estate development company in India and its primary business is the development of commercial, retail, hotel and residential properties.

7171 PureCircle, a Malyasia-based producer of sugar substitutes, plans to invest about $200 million over the next five years in India to cultivate stevia (meethi tulsi), a shrub whose leaf extract is a natural sweetener. It will also set up a supply chain and eventually a processing unit in the country, the company said on Tuesday. “Over the next five years, we hope to have 5,000 hectares of farm land that would grow stevia. Once we reach the capacity of about 15,000 tonnes of stevia leaf a year in India, we’ll look at putting up a processing plant here,” said Jason Hecker, president of group sales and marketing at PureCircle. Currently the company sources about 25,000 tonnes of stevia leaf from China, which accounts for 90% of the company’s demand annually. “Our aim is to source 50% of total requirement from markets outside of China by 2020. India, potentially, could be one of our major sourcing markets in future. The scope is huge, and there’s captive demand,”

7170 Cement maker ACC Ltd will spend about Rs.600 crore in 2016-17 to complete its cement capacity expansion plans. “The planned capital expenditure for 2016 is about Rs.600 crore to be used to complete the expansion plans at Jamul (in Chattisgarh) and Sindri (in Jharkhand),” Harish Badami, chief executive officer and managing director for ACC said at the company’s annual general meeting (AGM) on Wednesday. ACC is building two cement units at Jamul and Sindri with a combined capacity of 2.4 million tonne. The plants once complete is likely to take the company’s total capacity to 33.42 million tonne. “These plants will go on stream in the next few months,” Badami said while talking on the sidelines of the AGM. The company has no plans to add fresh capacity

7169 Jetking Infotrain Ltd, is all set to have 250+ centers by 2019 pan- India. Headquartered in Mumbai, the brand provides top quality recruits for the talent starved IT companies across India. Jetking has trained 7,00,000 students so far and plans to triple that number by 2020 as per their tie up with NSDC. “India has youth as 50% of its population and in order for the IT industry to grow, we need to fulfill the requirement of more than 10 lakh skilled people per month. Being the largest training company in the IT & IMS domain, we are able to skill 25,000 students and place them in the industry, says Avinash Bharwani – Vice-President,Jetking Infotrain Limited. A pioneer in the pool of skill development, Jetking is an established name in the market with 90 successful franchisees up and running in India alone with forays into the international markets as well. Currently, Jetking is operational via 100+ centres in India and overseas including eight cluster franchisees, five affiliates and seven women franchisees.

7168 India's leading handset manufacturer Micromax, which opened its new manufacturing facility here on Thursday, plans to invest Rs 2,000 crore for expansion over the next five-six years. Rajesh Agarwal, co-founder, Micromax, told reporters that the company will expand its operations to two to three countries this year. Already present in SAARC countries and Russia, it is looking at CIS countries, Africa and Iran for expansion. Micromax targets 25% growth during 2016-17 to achieve revenues of Rs 15,000 crore. The revenue in 2015-16 was Rs 12,000 crore.

7167 Hong Kong-based Kerry Logistics Network Limited (Kerry Logistics) has acquired 50 per cent stake Indev Logistics Pvt. Ltd. (Indev), a Chennai-based logistics company. The stake value is estimated to be around Rs 1,000 crore. By 2018, the company is also planning to list in the Indian markets. Indev will be rebranded as Kerry-Indev, reflecting Kerry Logistics' growing capabilities and ambition to become a major pan-Indian logistics company with India Focus and member of a China Specialist Global Network, said S Xavier Britto, chairman of Kerry-Indev Logistics. While he refused to share the details of Kerry Logistics investment, sources close to the company said the value of the 50 per cent stake is estimated to be around Rs 1,000 crore.

7166 The government is planning to develop five new major ports to improve trade and transport along the 7,500-km coastline, Union shipping minister Nitin Gadkari said on Wednesday. India currently has 12 major ports and three more are being developed, one each in Maharashtra, West Bengal and Tamil Nadu. The total cost of the three upcoming ports is about Rs 25,000 crore. e was speaking in here ahead of the three-day Maritime India Summit 2016

7165 International Finance Corporation (IFC) plans to invest $38 million in housing finance companies (HFCs), which are focused on affordable housing finance segment. The World Bank's investment arm said the proposed investment involve an investment of up to $38 million in non-convertible debentures (NCDs) issued by Aspire Home Finance Corporation Limited (Aspire) Micro Housing Finance Corporation Limited (MHFC), and Aptus Value Housing Finance India Ltd. (Aptus). The project is intended to support the HFCs in increasing its reach in the affordable housing finance segment. The investment would provide financing to affordable housing finance companies operating in India with focus on small and micro loans The proposed investment is consistent with the World Bank Group's India Country Partnership Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion - by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation - through job creation by supporting the labor intensive affordable housing segment and (iii) Integration - giving increased access to financial services in Tier II and Tier III cities.

7164 Finnish utility firm Fortum on Tuesday said it will invest 200-400 million euros (around Rs 1,500-3,000 crore) in solar power projects in India. "India offers one of the best solar resources and a sound government support for the development of solar sector. The country provides a good platform for Fortum to further develop its business in solar also elsewhere," the company said in a statement. The government plans to jack up solar power generation capacity to 100 gigawatts (Gw) by 2022, up from 5.25 Gw currently. India gets more than 300 days of sunshine a year across the seventh-largest land area in the world. Fortum has 15 megawatts (Mw) of solar capacity in India. In January this year, it won a reverse auction for a 70 Mw project with a fixed tariff for 25 years.

7163 A cloud video production company, announced that it had raised $7.5 million in Series A funding led by Sequoia India. SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com founder Oleg Tscheltzoff, too participated in round. 90 Seconds is a cloud video production platform, which allows brands to purchase, plan, shoot, edit and review video anywhere in the world. In India, 90 Seconds, has already produced over 100 videos for companies such as Rolls Royce, Cricket Australia, Financial Times, Oracle, JLL and Exxon Mobil. The company statement said that it considered India to be a key market India and expects its team to expand to Mumbai, Delhi, Hyderabad and Bangalore. The company's current 100 creative freelancers in India is expected to grow to over 500 in the next six months. Video content is a must have and we are proud to have developed a solution that works for brands around the globe. We are excited to work with our new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape," said Tim Norton, founder and chief executive of 90 Seconds.

7162 Toshiba Corporation, a global player in advanced electrical equipment for locomotives and rolling stock, has announced its plan to establish a new production facility for electrical equipment for railway systems near Hyderabad. This facility of the Japanese major is aimed at strengthening its commitment to India and its ability to supply international markets from a base here. The new unit will manufacture power conversion systems and train control systems that provide overall operation management. It will be built by Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI), which will establish a new, dedicated railway systems division to promote the business. Production is planned to start in April 2017, and will be expanded to match demand. TTDI expects the plant to have over 100 employees by 2020.

7161 The Centre's green panel has given clearance to Tata Steel for diversion of about 199 hectare of forest land for expansion of its iron ore mining project in Keonjhar district, Odisha. "The Forest Advisory Committee (FAC) under the Union Environment Ministry examined Tata Steel's proposal during last month's meeting and recommended granting forest clearance,

7160 Denim fabric maker Nandan Denim expects to increase its production capacity to 110 million metres per annum by the next quarter. Nandan Denim Ltd (NDL) has a denim production capacity of 71 million metres per annum, at present. "We are expanding our capacity further to reach 110 million metres by Q1 of FY17 to become the country's largest denim producer," Nandam Denim President Govind Sharda The Ahmedabad-based company has earmarked a capacity expansion plan to strengthen its domestic market share, expand exports business and have an increased focus on value-added segments. "Out of total capital outlay of Rs 612 crore for expansion, we have already spent Rs 400 crore and remaining Rs 212 will be spent in next 4-5 months," Sharda said, adding that expansion programme was funded through debt of Rs 430 crore and internal accruals of Rs 180 crore.

7159 An MoU has been signed between Indian company MKU and Russian company JSC Shvabe to manufacture electro optical (EO) devices in India, with production facilities to be situated in Kanpur, MKU's headquarters. The MOU was signed during the ongoing Defence Expo in South Goa. "This Joint Venture is not focused only on manufacturing of electro optical devices, but also to cater in-service EO equipment with the Indian Army and MOD at large.

7158 An environment ministry panel has recommended green clearance with some riders to state-owned CIL's coal mining project in Jharkhand. Central Coalfields Ltd (CCL), an arm of CIL, was seeking green clearance for expansion of Ashok open cast project (OCP) in Chatra district of Jharkhand from 10 million tonnes per annum to 14 MTPA. "The Committee (Expert Appraisal Committee), after detailed deliberations...recommended for grant of environmental clearance to the project with the specific conditions," an official source said. The conditions according to EAC are that as against the proposal for 14 MTPA (million tonnes per annum), the project proponent will not exceed 12 MTPA, and this production permission is limited to the forthcoming year 2016-17 only.

7157 Air-conditioning and commercial refrigeration major Blue Star is planning to set up two units at an investment of Rs 215 crore in Jammu and Andhra Pradesh, a top executive said Monday. "We have plans to set up two units with a total investment of Rs 215 crore at Jammu and Sri City in Andhra Pradesh. With the help of these two units, the company is looking forward to manufacture air conditioners, deep freezers and water coolers.

7156 More than a year-and-a-half after it signed an MoU with the Andhra Pradesh government, Hero MotoCorp Ltd (HMCL) has submitted plans to begin production at its proposed plant in Chittoor district of the state. According to the plan, the two-wheeler giant will commence production of 5 lakh units (per annum) in the first phase by December 2018 with an investment of Rs 800 crore, a state government's order said on Sunday. It will add another 5 lakh units to its production capacity in the second phase by December 2020, and an additional 8 lakh units in the third phase by December 2023 with an investment of Rs 800 crore for both the phases, state's Industries Secretary M Girija Shankar said in the order.

7155 United Arab Emirates (UAE)-based Lulu Group, which runs a retail chain of over 120 hypermarkets in the Middle East, has decided to invest Rs 5,000 crore in India over the next four years, largely for setting up shopping malls. The group, promoted by Indian businessman Yusuff Ali M A, has already zeroed in on constructing mega shopping complexes in Chennai, Hyderabad, Bengaluru and Thiruvananthapuram. "We are planning to invest Rs 5,000 crore in India over the next four years," said Ali, who is also managing director of the group which has operations in over 30 countries. Ali, who hails from Kerala, also said his company has decided to open 12 hypermarkets in Saudi Arabia at an investment of Rs 2,700 crore in the next few years. The Lulu group currently owns 14 hypermarkets in Saudi Arabia.

7154 Konkan Railway Corporation Ltd (KRCL) is planning to build 11 new stations and eight loop lines on its network, according to Sanjay Gupta, Chairman and Managing Director of KRCL. Speaking to presspersons on the sidelines of a meeting with members of Kanara Chamber of Commerce and Industry (KCCI) in Mangaluru on Saturday, he said the Corporation has sent a proposal to the Railway Ministry in this regard, and it is in the process of sanction. Stating that the construction of new stations was not a new plan, he said KRCL had identified 20 stations during the time of construction of the line itself. The land was also acquired during the construction of the railway line.

7153 The Railways is firming up a plan for infrastructure development with an ambitious target of pumping in more than Rs.8 lakh crore over the next four years. The massive investment plan would involve high-speed rail connectivity, station redevelopment and capacity augmentation across the country. “We are drawing up concrete plans for investment of about Rs.8.5 lakh crore in the coming four years for modernisation of rail infrastructure,” said a senior Railway Ministry official. According to the plan, while part of the funding will come from the capital expenditure provided for in the Rail Budget, a major chunk is expected to come from outside the budget through PPP and multilateral funding.

7152 Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells dairy products under the Amul brand, is planning to set up a processing unit in the Northeast. "We are setting up two processing units in UP - one in Kanpur and one in Lucknow - which will be operational in five- six months. We are also planning to set up a processing unit near Kolkata and in Northeast. We are investing Rs 200 crore for each of these units," R S Sodhi, Managing Director, GCMMF's told PTI. "Our main focus is on the domestic market for expansion. Of the total revenues, we export only about Rs 250 crore . We are expecting Rs 23,000 crore in sales by the end of the financial year. The rise in revenue is only due to increase in volume,

7151 With the plan to expand its network, SRL Diagnostics will invest over Rs 300 crore within five years as it looks to tie up with more states to open labs in government-run hospitals, reports Business Standard (BS). The company has already entered into partnerships with Himachal Pradesh, Jharkhand and Uttar Pradesh governments to establish labs in government run hospitals in these states. Sanjeev Vashishta, Chief Executive, SRL Ltd told BS: "The Company is coming up with 150 labs in domestic market and 50 labs in international market in the next five years, which will be an addition to 306 labs that SRL has till now." In order to fund the expansion plan, SRL Diagnostics has drawn up an investment of more than Rs 300 crore in next five years. On the partnership with state governments, Vashishta commented: "The infrastructure development in Indian diagnostic sector is limited and government has realised the need for PPP model to provide affordable and accessible diagnostics to the masses and to fill this existing vacuum. We are also looking forward to extend our relationship with other state governments to ensure accurate and quality diagnosis is available to maximum number of people in the country." With plethora of unaccredited labs in these cities, such initiatives will also help raise the benchmark in diagnostic services in tier- II and III cities

7150 UEM India has bagged a Rs 132.6 crore contract to supply sewerage system in Sahibganj, Jharkhand. The company has received the contract from "Jharkhand Urban Infrastructure Development Company (JUIDCO), which operates under the administrative control of the Urban Development Department of Jharkhand?s state government," UEM India said in a BSE filing. "The contract encompasses the construction of two sewage treatment plants based on sequencing batch reactor technology, with 5-million and 7-million litter per day capacities, along with a 55-kilometre sewerage network and seven pumping stations. It also covers 10 years of operation and maintenance services (O&M), and has a total value of Rs 132.6 crore," it added. UEM Chairperson and Managing Director Koichi Matsui said: "The Sahibganj contract...reinforces our already strong record for delivering cost-effective solutions for wastewater management." Funded by the World Bank, the Sahibganj project is a result of an MoU between Jharkhand government, Sahibganj Nagar Parishad and Ministry of Water Resources under the National Ganga River Basin Authority Programme

7149 US-based aircraft and rotorcraft maker Textron Inc would completely build its single-largest selling helicopter model — Bell 407 — in India, said Inderjit Sial, president and managing director of Textron India. For this, the company will form partnerships with players in the local support ecosystem, including manufacturers of avionics, rotors, gearbox etc. “We are now doing a feasibility study and the facility will be up and running during the 2018-19 time-frame,” said Sial. Sial added Textron was in talks with the state governments of Andhra, Telangana, Maharashtra and Karnataka to establish a manufacturing plant. Textron has a development centre in Bengaluru, employing 500 aeronautical engineers. The company has a tie-up with Dynamatic Ltd to manufacture the Bell 407 cabins in Bengaluru, to cater to the export markets, especially the US and Canada.

7148 Piruz Khambatta, CMD, Rasna, said, “We want to set up more medium-sized plants across the country as it helps to manage logistics as well as freight costs. In the near future, we are looking at the North-East region as it has huge potential… We are looking at setting up a plant in either an industrial area or a food park in the region.” The company is considering investments of about Rs.50 crore to set up this plant. Rasna currently has nine manufacturing facilities across the country.

7147 Reliance Industries' wholly-owned arm Model Economic Township Ltd will develop an electronics manufacturing hub and footwear park at Jhajjar, Haryana with an investment of Rs 1,300 crore. Model Economic Township Ltd, formerly known as Reliance Haryana SEZ Ltd, also expects that the electronic hub and footwear park would attract a further investments of Rs 2,600 crore from units to be established inside it while generating about 20,000 employment opportunities. The firm has signed two MOUs (memorandum of understanding) with the Haryana government at the Happening Haryana global investors summit to develop 450-acre electronic manufacturing clusters and 500-acres footwear park. The proposed electronic hub and footwear park is part of 8,000 acre industrial town being developed by the company. "We are developing a large industrial town in Jhajjar district spread over 8,000 acres. We have already developed 290 acres. Now the company has decided to set up an electronic hub and footwear park. " Model Economic Township Ltd Director SV Goyal.

7146 Aluminium major Nalco will invest around Rs 900 crore in Kakrapar Atomic Power project to acquire 26 per cent stake in the plant and plans to increase it to 49 per cent later. The state-run firm has been for quite some time exploring opportunities to enter power sector in a bid to secure an uninterrupted power supply for its aluminium production facilities, a senior government official said. It takes around USD 1,500-1,700 to produce one tonne of aluminium with alumina and power accounting for 40 per cent each of the cost, with raw materials and others contributing to the remaining 20 per cent. The Navratna firms Board has approved acquisition of 26 per cent stake in Kakrapar Atomic Power Project for around Rs 900 crore through its joint venture (JV) with Nuclear Power Corporation of India (NPCIL) -- NPCIL-NALCO Power Company.

7145 Fast-moving consumer goods (FMCG) giant Parle has decided to set up a new manufacturing facility at Sitarganj integrated industrial estate (IIE) in Uttarakhand. This will be the first big project by an FMCG company at Sitarganj, where the State Industrial Development Corporation of Uttarakhand (Sidcul) is developing the IIE, which includes a heliport. Parle will invest Rs 200 crore in the new plant. Confirming the development, top government officials said Parle would soon start the construction work for the same. "Parle has already deposited the money, which is required for land allotment," said Sunder Lal Semwal, general manager, Sidcul. Parle has been allotted 10 acres of land at Sitarganj

7144 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared the proposal of American Tower Corp (ATC) to acquire 51 per cent stake in Viom Networks for Rs 5,856.51 crore. ATC will also invest Rs 13,300 crore ($2 billion) in India, Union Minister for Communications and IT Ravi Shankar Prasad said. This was revealed in a meeting of ATC CEO James D Taiclet Jr with Prasad on Wednesday. This $2 billion will be apart from what ATC will be spending on buying the stake in Viom. Singapore-based mobile tower company ATC Asia Pacific has decided to make an investment of Rs 5,856.51 crore to buy 51 per cent stake in Indian company Viom Networks. ATC Asia Pacific is a wholly-owned subsidiary of American Tower Corp.

7143 Non-banking financial company (NBFC) Altico Capital on Wednesday said it had invested Rs 575 crore across three real estate projects in Mumbai, Pune and Bengaluru. The NBFC is backed by Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council. Altico has entered into a multi-project financing arrangement with Marvel Developers of Pune. Additionally, it concluded its second transaction with Midcity group, a developer focused on society redevelopments in Mumbai, and also closed its third transaction in Bengaluru, financing Unishire against a portfolio of five projects. “These transactions appealed to us from the standpoint of product offering, promoter comfort, project stage and multiple cash flow streams. They have been structured to provide a win-win solution to the developer and us by aligning project execution with the prevailing market scenario,” said Amit Pachisia, chief credit officer.

7142 Bodal Chemicals Ltd announced that it has received environmental clearance (EC) for the expansion of dyes and dyes intermediates manufacturing facility. The company had applied for environmental clearance from Ministry of Environment, forest and climate, New Delhi for expansion of its dyes and intermediates manufacturing capacity (from 2,200 MTPM to 6,000 MTPM), and Co-generation power plant (5MW) in Gujarat. The said application has been considered by Expert Appraisal Committee (EAC) working under the said ministry and has granted approval for the expansion of dyes and dyes intermediates manufacturing facility, Bodal Chemicals said in a statement. With this approval in place, company is in a position to plan to enhance its dyestuff manufacturing capacity at very low capital cost compare to cost of green field project or cost required for commencement of new plant in this sector, said Bhavin Patel, executive director. Once 5MW power plant is commissioned, company will able to save significantly in power cost.

7141 ABB and Welspun Energy have jointly installed around 700 MW of solar photovoltaic (PV) projects in India. PV projects have been installed in Punjab, Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu. This includes a key project of 52 MW for Maharashtra State Generation Company at Baramati,which was the first ever PPP (public-private partnership) project in the industry. Vineet Mittal, Managing Director, Welspun Energy, said: “By setting up large scale solar capacities across the country we are supporting country’s developmental needs through clean energy.” ABB has emerged as a major supplier of solar photovoltaic (PV) inverters.

7140 Bhagyanagar ChloridesPvt. Ltd. proposes to expand its Inorganic Chemicalmanufacturing unit to Active Pharmaceutical Ingredients (APIs), API Intermediates& Inorganic chemical manufacturing Unitwith R&D facilitylocated at Sy.No.: 54/1, Saggonda (V), Gopalapuram(M), West GodavariDistrict, Andhra Pradeshwith a total investment of Rs. 54 Croresincluding theexisting investment of Rs. 14 Crores. expansion project is to manufacture10 products with R&D activity on campaign basis i.e., 2 regular and3 campaign products at a time with a production capacity of15,845 TPA (existing 10,800 TPA). Total land area is 4.3 hectaresand greenbelt area is 1.46 hectares. The estimated cost of the project is Rs. 540 million. The expansion will come up in the existing area with extended land from 2.17 hectares to 4.3 hectares. Land is in possession. Power requirement 1,120 KVA will be sourced from nearby sub-station of APPDC

7139 Fortum Finnsurya Energy is planning to set up a 70 MW Solar Power Project at Bhadla Solar Power Park in Jodhpur district of Rajasthan. “This (Rs 4.34 a unit) is the lowest solar tariff so far in India. This has happened because of confidence in the balance sheet of the NTPC and solar parks that come with all clearances and confidence in the market," Joint Secretary of New and Renewable Energy Tarun Kapoor said. The NTPC reverse bidding for 420 MW solar power projects to be set up at the Bhadla Solar Park-II near Jodhpur in Rajasthan.

7138 ITI is planning an optical fiber cable manufacturing plant at Sultanpur Road, dist. RaeBareli, Uttar Pradesh. Online Expression of Interest (EOI) has been invited for technology provider and setting up of optical fiber cable manufacturing plant at ITI factory premises, RaeBareli. The scope of work shall involve setting up of a complete new greenfield plant for the manufacture of duct buried, direct buried and aerial type of optical fiber cables from 1 fiber to 144 fibers in complete turnkey basis.

7137 Rusan Pharma, which specialises in de-addiction and pain management products, is investing Rs 100 crore in a research and development centre and a manufacturing unit in Kandla. A clinical research organisation too is being set up as a part of its expansion plan. Rusan Pharma said with the fresh investment, it will focus on research and manufacture of de-addiction and pain management drugs for domestic market and export and aims to double turnover to Rs 600 crore by 2018. The company plans to manufacture transdermal patches at Kandla. Rusan Pharma exports products to Europe, Russia, South Africa, South East Asia and plans to expand exports to the US and Canada.

7136 Power major NTPC today said the board has approved investment proposals worth Rs. 3,104 crore for solar PV projects in Madhya Pradesh and Rajasthan. “The board of directors of the company at its meeting held on March 30, 2016, has accorded investment approval,” for Rs. 3,104.04 crore projects, the company said in a BSE filing. The projects involve Mandsaur Solar PV Project (5x50 MW) in the state of Madhya Pradesh at an estimated cost of Rs. 1,502.77 crore, it said. The second project pertains to “Bhadla Solar PV Project (4x65 MW) in the state of Rajasthan at an appraised estimated cost of Rs. 1,601.27 crore,”

7135 Jakson Group has installed a 4 mw grid-connected solar photovoltaic (PV) plant at Bina Refinery of Bharat Petroleum Corporation Limited (BPCL). As part of the project, Jakson has to supply, install and commission the solar power plant, along with operation and maintenance services, for 5 years through an integrated service package for the project, which was commissioned on March 30, 2016, the company said in a press release on Saturday. The plant has been developed near refinery on BPCL’s own land. The proposed solar power plant is feeding 2 mw (AC) power to Bina-Kota Pipeline (BKP) sub-station within the refinery and 2 mw (AC) power to Bina Dispatch Terminal (BDT) sub-station within the refinery. It is the first time in India that HT motors are being used for transmission of petroleum products and the pipeline is being run by solar power, said S K Agarwal, Executive Director, Corporate Affairs.

7134 RattanIndia Group firm RattanIndia Solar 2 Ltd has won solar project of 50 MW capacity at Allahabad in Uttar Pradesh. "The project was won at a tariff of Rs 4.43 per unit plus a viability gap funding of Rs 75 lakh per MW in reverse e-auction conducted by Solar Energy Corporation Limited (SECI) today," the company said in a press release. According to the statement, overall combined capacity of 440 MW was offered in this bid out of which 50 MW was for Allahabad. The land for the project will be provided by Uttar Pradesh. "RattanIndia has solar projects of more than 240 MW spread across various states of India. All of our solar farms have fully acquired land. Majority of the solar power produced by our projects is being sold to central government entities like NTPC and SECI thus eliminating the risk of payments," CEO of RattanIndia Solar, Anjali Rattan Nashier said.

7133 Tech Mahindra will set up a Center for Excellence in Robotics and Analytics Department at the International Institute of Digital Technologies that will come up in Tirupati. The company will also facilitate employment for 1,000 people at the Tech Mahindra facility in Visakhapatnam in Andhra Pradesh. These moves were agreed upon at the meeting Tech Mahindra Chief Executive Officer, CP Gurnani, had with AP Chief Minister, N Chandrababu Naidu in Vijayawada. The two discussed the CM’s vision to make AP a technologically advanced state, according to an official press release. Agreeing to serve as one of the chief advisors to the CM’s core team, Gurnani extended all necessary support for the development of IT sector in the newly formed state of AP. IT Advisor JA Chowdhary, Tech Mahindra Executive Vice-President AS Murthy and others were present.

7132 Saudi Oil giant Aramco, the world's largest oil firm with crude reserves of about 265 billion barrels, plans to make major investment in India's petroleum sector as it considers India the most preferred destination to invest at a time when the global economy is in a crisis. Head of Aramco Khalid A Al Falih called on Prime Minister Narendra Modi during which he conveyed that the state-owned company was eyeing India as the most preferred investment destination.

7131 Apollo Sugar, a JV between healthcare major Apollo Hospitals and global drug major Sanofi, plans to open 30 clinics in five new cities in the country during the current fiscal. At present, Apollo Sugar has 44 clinics providing diabetes care in 17 cities. “We plan to open 30 clinics in five new cities in the current fiscal,” Apollo Sugar Clinics CEO Gagan Bhalla told PTI. The cities that the company is looking at are Gwalior, Kanpur, Cuttack, Vijayawada and Coimbatore, he added. When asked about the company’s plans to fund the expansion, Bhalla said: “It will be done through internal accruals and the capital that is already available with Apollo Sugar.”

7130 Japan's Hitachi Group has set up an ATM manufacturing firm in India with an investment of Rs 100 crore to cash in on the growing number of banking users in the country. Hitachi-Omron Terminal Solutions, which is globally developing the group's cash recycling ATM business, has set up Hitachi Terminal Solutions India in Bengaluru for manufacturing ATMs in the country. The company will commence production in June and produce 1,500 ATMs per month by end of 2016, Hitachi said in a statement. "To further accelerate the expansion of its ATM business in India, we have decided on local production," Hitachi-Omron Terminal Solutions President and Representative Director Tetsuji Shimojo said. The move would allow Hitachi to accommodate the needs of the market, strengthen the cost competitiveness, shorten the production lead time from order entry to sh ..

7129 If the breakneck speed at which Patanjali Ayurved is growing is not enough of a bad news for established FMCG companies in the country, there is more in the pipeline. Baba Ramdev's company is on course to set up four more manufacturing units across India within the next couple of years, giving every FMCG company in the country a run for their money. In addition, it is also setting up a dairy facility for cow milk in Ahmednagar in Maharashtra to mark its foray into packaged milk. "We are in talks to set up a plant in Maharashtra. We are also in talks to set up units in Madhya Pradesh and Punjab. We are also planning (a manufacturing unit) in Andhra Pradesh," said Acharya Balkrishna, MD, Patanjali Ayurved. Speaking in chaste Hindi for over an hour and a half, the founder-director of Patanjali Ayurved discussed the company's growth plans in detail with TOI.

7128 State-run agrochemical firm Hindustan Insecticides Ltd (HIL) has entered the fertiliser business by signing an agreement with public sector undertakings NFL and RCF and is aiming at Rs.150 crore from urea sales over two years. The Department of Fertilisers has already certified HIL as importer of decontrolled phosphatic and potassic fertilisers. “HIL has signed an agreement with National Fertilisers Ltd (NFL) to sell and market its urea in states of Odisha and West Bengal, similarly an agreement has also been signed with Rashtriya Chemicals and Fertilisers (RCF) to sell and market its urea in Odisha and Assam,” said the company’s Director - Marketing SP Mohanty. He added that HIL is looking at sales of Rs.200 crore from phospharic and potassic (P&K) fertilisers and another Rs.150 crore from urea in two years.

7127 Rays Power Infra has partnered with Hilliard Energy to jointly develop 150 MW solar power project, entailing an investment of USD 130 million (about Rs 870 crore). "The company's subsidiary Shining Sun Power has signed a 150-MW project development term sheet with power producer Hilliard Energy, a company incorporated and registered under the laws of Mauritius. Both partners will jointly develop 150 MW of solar power project with a total investment of USD 130 million," a statement issued here stated. In the first phase, a 10-MW solar project is expected to be commissioned in April at Kalwakurthy in Telangana and the power generated will be sold to the state's discoms at a fixed tariff of Rs 6.55 per unit for 25 years.