Upcoming Projects in India

6872 India and Japan have inked an agreement for Rs 5479 crore official development assistance for Chennai and Ahmedabad metros. Areements were signed by S. Selvakumar, the joint secretary, ministry of finance, Government of India and Yutaka Kikuta, Deputy Chief of Mission of Japan to India here on last Friday. "Government of India attaches highest importance to infrastructure projects In this regard, the government is continuously making efforts to obtain bilateral and multilateral funding to meet this financial requirement

6871 Shenzhen city, which comes under the Central Government of China, has promised to invest $200 million (approx ₹1,300 crore) in ZTESoft's smart city projects for Ahmedabad and Gandhinagar. “During the visit of Prime Minister Narendra Modi in May this year, the Shenzhen government had signed two MoUs with the Gujarat government in developing smart cities in the State. We will invest $200 million in ZTESoft, which is implementing smart city projects in Gujarat,” said Tain Fu, standing committee member of CCP Shenzhen committee, who was in Gandhinagar on Saturday. ZTEsoft is a subsidiary of ZTE Corporation, the largest public telecom equipment manufacturer in China. “We will provide ICT assistance for smart cities project in Ahmedabad and Gandhinagar. We will implement the projects in association with Municipal Corporations of Ahmedabad and Gandhinagar.

6870 Paradip Port Trust (PPT) plans to invest around Rs.10,000 crore to modernise and develop new facilities in order to enhance its capacity to 320 million tonnes from 170 million tonnes, according to a company release. MT Krishna Babu, Chairman, Paradip Port Trust, said that the investment would also include adding 150 million tonnes capacity at the outer harbour. Investment in dredging is required to increase the draught for movement of large vessels of size between 1.25 lakh DWT and three lakh DWT

6869 EPC major BGR Energy has bagged new orders worth Rs. 300 crore in the electricals sub—stations segment following its recent focus on power generation projects. “BGR Energy Systems Ltd through its electrical projects division has received new orders worth Rs. 300 crore in the electrical sub—stations segment BGR Energy focused on generation projects and recently focused on transmission and distribution segment in the power sector The orders secured from Transmission Corporation of Telangana Ltd include construction of 400/220 kV substation at Julurupadu in Khammam district and construction of 400/220 kV AIS substation at Nirmal in Telangana. The company also bagged project for electrical equipment supply and erection package for TANDA Thermal Power Project Stage—II of National Thermal Power Corporation at Vidyut Nagar district, Uttar Pradesh. “Given the thrust in substantial scaling up of investments in Transmission and sub—transmission segment, there is a need for significant addition of new capacities across States”, BGR Energy Systems,

6868 Months after announcing its intent to enter the volume segment, German automaker Volkswagen has said it is investing ₹720 crore (€85 million) to make a new compact sedan designed and developed for India that will roll out from its plant in Chakan. Production of the car, which will add a new locally-made model into the automaker’s portfolio after a considerable gap, is scheduled to commence in the first half of 2016. The world premiere is scheduled for the 2016 AutoExpo in Delhi.

6867 Empee Power and Infrastructure was accorded permission to set up a 2X660 MW super critical coastal thermal power plant in Sirkazhi, Nagapattinam District at an investment of Rs.6,500 crore. “The land and other permissions are in place.

6866 Indovation Technologies Limited - a manufacturer of process control for level, flow, pressure, temperature and analytical measurement – will set up a manufacturing unit for LED lights and street lights in Chhattisgarh. The company has signed an MoU with Government of Chhattisgarh for the project, which will come up at Naya Raipur in Chhattisgarh and is estimated to cost Rs 25 crores.

6865 Azure Power has commissioned a 5-MW solar power plant at Sarkaritala, Jaisalmer in Rajashtan to electrify the border posts around the region. The company said it has signed a power purchase agreement with Solar Energy Corporation of India to supply power for the next 25 years. Azure Power has been working on various projects with the Rajasthan Government. Recently, the company has commissioned a 100-MW capacity plant in Jodhpur, Rajasthan. With the latest project being commissioned in Jaisalmer, Azure Power has a cumulative operational capacity of 147 MW

6864 Oasis Tiles Limited Liability Partnership is planning a vitrified tiles manufacturing unit in Gujarat.The project is on very initial stage.

6863 U.P. Power Transmission Corporation is planning to construct a 132/33 KV S/S Musafirkhana, Amethi 2x40 MVA in district. Amethi, Uttar Pradesh

6862 National Highways Authority Of India is planning to construct a new 4-lane bridge between Surat-Dahisar Section in Maharashtra

6861 Cosmo Films Limited, a manufacturer of bi-axially oriented polypropylene (BOPP), today said it plans to invest Rs 220 crore to expand capacity at its Gujarat and Maharashtra facilities. Installing a new BOPP line with 60,000 tonnes per annum (tpa) capacity by early 2017 at our Vadodara facility in Gujarat. The cost for the said expansion is estimated at Rs 200 crore.

6860 Packaging materials maker Vacmet India Limited is setting up a unit in Dhar district of Madhya Pradesh with an investment of Rs 1,580 crore. The foundation stone of the facility was laid down by Madhya Pradesh Chief Minister Shivraj Singh Chouhan at Ujjayani "There is a conducive atmosphere for establishment of industries in the state" and Vacmet's unit in 65 acre land is a proof that major industries are coming to Madhya Pradesh,

6859 GMR Energy Ltd today said its subsidiary GMR Rajahmundry Energy Ltd (GREL) has commenced commercial operation of gas-based 768MW power plant in Rajahmundry, Andhra Pradesh. Power generated from this plant would be supplied to Andhra Pradesh power distribution companies. "The commercial operation of the power plant commenced with the beginning of gas supply under e-bid RLNG Scheme (Scheme for Utilisation of Stranded Gas-based power plants), which was launched by the Centre in March 2015.

6858 he Chandigarh-based engineering, procurement and construction (EPC) company Hartek Power today said it has successfully commissioned a 40-MW substation project near Banmore in Morena district of Madhya Pradesh. The project, executed for Amba Shakti Group at a cost of around Rs 7 crore, involved complete design, supply, installation, testing and commissioning of a 132-KV bay government substation and a 132/11 KV pooling station with two 20 MVA transformers, said a company statement here.

6857 India's top dairy product brand Amul is planning to triple its cheese output for which it is planning to invest Rs 600 crore in a Greenfield cheese plant, Palanpur, Gujarat. "We want to reach out to hotels and restaurants where we see serious growth in our revenues," Gujarat Co-operative Milk Marketing Federation's (GCMMF) Managing Director RS Sodhi told Economic Times, adding "most of the HoReCa (hotel/restaurant/cafe) industry is dependent on local brands for cheese. For starters, the plant will produce mozzarella and processed cheddar cheese. Amul, which is owned by GCMMF, is planning to increase its share in the Indian cheese market from current 65%. Amul's value added products like butter, curd, ice-cream and milk-based beverages have seen impressive growth over the past few years. Amul butter holds 90% share in the Indian market while its fresh milk share is 40%-45%. Sodhi said that the brand would continue to focus on the domestic dairy products market, which is swelling with each passing day. The GCMMF had posted annual turnover of Rs 20,730 for the last fiscal ended March which was up 14% from the previous year's Rs 18,143 crore

6856 Electronic auctions for grant of mining lease for non-coal minerals is expected to take place early next year with eight limestone mines in Gujarat and Rajasthan on offer. The process of auctions began this week with the sale of tender documents. If there are no further delays, the eight mines will be the first to be auctioned under the provisions of the amended Mines & Minerals (Development and Regulation) Act, nearly a year after the amendments were cleared by the Parliament. Tender documents for five limestone mines in Gujarat and three in Rajasthan are on sale on the MSTC website, with the last date for submission of technical bids and an initial price offer being early January. MSTC is a public sector enterprise and provides a platform for several electronic auctions including the Coal Ministry’s coal mine auctions. For the mines in Gujarat, the tender documents will be on sale till December 7, while for those in Rajasthan they will be on sale till December 2. After the MMDR Act was cleared on January 12, 2015, grant of all mining leases in the country are required to be auctioned. While a lot of the methodologies for auctioning the mining leases have been borrowed from the coal mine e-auctions, the key difference for non-coal minerals is that the auctions will be conducted by the State governments.

6855 TVS Motor Company will invest Rs 350 crores in its existing two-wheeler and three-wheeler plants in Hosur (Tamil Nadu) during the next three years. TVS Motor Company signed an MoU was signed for this during the Global Investors Meet, organised by the Government of Tamil Nadu in Chennai, with the state government. The investment will be mainly for development of new products and for capacity expansion. This investment reflects TVS Motor Company’s continued commitment towards the overall economic development of the state as a responsible corporate citizen. The signing of this MOU is in line with TVS Motor Company’s firm belief in the potential of the State in terms of human resources, infrastructure and overall business environment. It will also have a significant beneficial effect on small and medium industries which are directly or indirectly associated with TVS Motor Company in Tamil Nadu,” said TVS Motor in a press release.

6854 Global provider of customer contact solutions and product support services, iQor on Tuesday said it will invest $200 million over the next threw years to expand its market. The company that is known for its after-market services to electronic products will also hire around 20,000 employees over the next three years. "India is the world's fastest growing major economy and is projected to be the second largest smartphone market by 2016. With our own in-house technology will provide services to the customers," Hartmut Liebel, Global Chief Executive Officer, iQor told reporters here. The company has spent around $50 million over the last few years and has 4,000 employees with facilities in places like Manesar, Mumbai, Kolkata and Bangalore. It has company-owned walk-in centres in 82 cities and 17 states serving multi-brand products.

6853 The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval to several railways projects worth about ₹8,000 crore in Odisha, Andhra Pradesh, Chhattisgarh and Bihar. These projects will be implemented over seven years, Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy said. These rail links will help in the transportation of coal and other minerals. Goyal said that the Cabinet has also approved a rail road bridge project in Munger, Bihar. Other projects include for 3rd and 4th lines between Budhapank and Salegaon via Rajathgarh Railway Line of 85 km each with a cost of ₹1,172.92 crore. The project is likely to be completed in the next three years during 12th and 13th Plan period. Angul, Dhenkanal and Cuttack districts of Odisha will benefit from this project, an official release said. Multiple lines on this railway line will greatly ease the ever increasing freight traffic between these sections thereby increasing the revenue of Railways. The existing line caters to traffic from Mahanadi Coal Fields to Paradip and Visakhapatnam ports and siding traffic originating from/to the several power plants and other coal-based industries in the area. The other project is for the doubling of Koraput-Singapur Road section railway line of 164.56 km with a completion cost of Rs.2,361.74 crore. This will ease the increasing freight traffic between these sections. The project is likely to be completed in the next seven years during 12th and 13th Plan period. Koraput and Rayagada districts of Odisha will benefit by this project. The existing line Koraput-Singapur Road is used as a transportation corridor of goods traffic mainly for minerals and mine products. The CCEA has also approved a project to double the Kottavalasa-Koraput line of 189.278 km with a completion cost of Rs.2,977.64 crore. The project is likely to be completed in the next seven years during 12th and 13th Plan period. Koraput district of Odisha, Vizianagaram and Visakhaphatnam districts of Andhra Pradesh benefit. Another project is to double the Jagdalpur-Koraput section railway line of 110.22 km with a completion cost of Rs1,839.02 crore. The project is likely to be completed in the next seven years during 12th and 13th Plan period.

6852 Piramal Healthcare UK Ltd has invested £2.0 million (Rs 21 crore) into Scotland to expand its manufacturing base at Grangemouth, to manufacture antibody drug conjugates for global markets, a note from the company said. This investment will add revenue of £3-5 million over five years to Piramal Healthcare’s revenues, it added. The announcement was made by the First Minister Nicola Sturgeon at Piramal’s new facility, where up to 20 new high-skill job roles will be created, backed by £200,000 Regional Selective Assistance funding, the company said. Last month’s launch of the industry-led Life and Chemical Sciences Manufacturing Strategy, positioned Scotland as a globally competitive base for sustainable high-value manufacturing. Piramal Healthcare is key to the antibody drug conjugate (ADC) hub in Scotland and this further expansion is testament to Scotland’s attractiveness as a life sciences manufacturing location, the note said. Sturgeon said, “Piramal is a great example of an innovative company that is benefitting from the focus Scotland places on the life sciences sector, which employs around 33,000 people across the country.” The note quoted Piramal Healthcare site lead, Mark Wright as saying, “Piramal Healthcare UK Ltd has been growing its operations in Grangemouth since 2005 and currently employs around 140 people in predominantly highly skilled positions. We aim to scale up this facility in the next 5 years to maintain its position as a global leader in the production of Antibody Drug Conjugates. ”

6851 FirstHandle, which helps offline merchants target consumers within a predefined radius with hyper-local offers, will invest Rs 30 crore in the next one year on expansion, The startup, which launched in the Delhi-NCR region in August, will start operations in Mumbai and Bengaluru in the next couple of weeks, said Sinha, who is also the CEO of FirstHandle. The company, which has 5,000 merchants on its platform in the Delhi NCR region, has so far seen more than 45,000 downloads and 10,000 offers on its app. In Mumbai and Bengaluru the startup is initially targeting 2,000 merchants and 5,000 offers each. It is looking to acquire 25,000 merchants and 10 lakh active customers in the next five months.

6850 GHCL plans to invest Rs 1,050 crore over the next 2-3 years for expanding its soda ash and textile capacity. The company will spend Rs 950 crore in a two-phase soda ash expansion project at Sutrapada plant in Saurashtra (Gujarat), out of it will utilise Rs 100 crore in the next two years for expanding its textile business. Speaking about expansion plans for the textile business during a conference call on August 3, 2015, R S Jalan, managing director, GHCL Ltd, said, “We foresee a good demand in the business in coming years and see a huge demand coming from our existing clients and new clients. We expect improvement in both top line and margin going forward. We target to invest Rs 100 crore over next two years in this business

6849 Wind energy solutions provider Inox Wind today said it is commissioning a 800 MW facility at its manufacturing unit in Madhya Pradesh to double its production capacity to 1,600 MW. “The unit will have an annual production capacity of 400 rotor blade sets and eventually also have an annual capacity of 400 nacelles and hubs, 300 towers, and will double Inox Wind’s production capacity to 1,600 MW,” Inox Wind said in a BSE filing. “The manufacturing plant, which will be among the largest in Asia and billed to be the largest in India, will drive investments and economic growth in Madhya Pradesh and provide direct and indirect employment to 5,000 people in the state,” it added. “The commissioning of the Madhya Pradesh facility is a significant milestone for Inox Wind... The enhanced capacity will enable the company to maintain its position as the leading manufacturer of wind turbine generators in India,” Inox Wind Chief Executive Officer Kailash Tarachandani said. Shares of Inox Wind were trading at Rs. 366.95, up 2.04 per cent, from its previous close on the BSE.

6848 Work on GSK India’s new Rs. 1000 (£100m) crore pharmaceutical factory started. When fully operational in 2017, the factory will make more than 8 billion tablets and 1 billion capsules in the areas of gastroenterology and anti-inflammatory medicines for the Indian market. The facility will be built on a 50 acre site in Vemgal, Karnataka. The factory is expected to employ in the region of 300 people once in operation. The new state of the art manufacturing facility is part of GSK’s continued commitment to India, ensuring increased access to GSK medicines for people in the country. The factory will be built in partnership with international and local design and construction companies. The facility will also include a warehouse, site infrastructure, employee welfare centre and utilities to support the manufacturing and packing of the medicines.

6847 orrent Pharma has commenced commercial operations at its new plant in Dahej. The facility, which is the company’s fifth formulation plant and the second active pharmaceutical ingredients (APIs) plant, is being set up in a two phases. Torrent Pharma has invested over Rs 650 crore in the first phase of the plant. The new plant, situated in Dahej SEZ is spread across 70 acres site with a built up area of around 97000 sq m. Phase I will have installed capacity of about 7,500 million tablets/capsules and 25 MT APIs per annum. The plant will cater mainly to the more regulated international markets such as US, Brazil, Germany etc. Jinesh Shah, executive director at Torrent Pharma, said, “This plant will scale up Torrent’s manufacturing capacity to meet the growing demand from the international markets.” With the commissioning of phase II, the construction for which is expected to commence soon, the total capacity will increase to about 14,000 million tablets/capsules and 80 MT APIs per year.

6846 City—based Gamesa has successfully commissioned its maiden solar power project with a capacity of 9 MW in Tamil Nadu. “By commissioning the 9 MW turnkey solar project near Madurai, Tamil Nadu, Gamesa has successfully entered the solar territory,” the company said in a statement. “We at Gamesa are delighted with the successful commissioning of our first ever solar project and are humbled that we got the opportunity to start this journey from Tamil Nadu. “The support that renewable energy has received from the government with its forward thinking policy has led to consistent growth in renewable energy projects. In July 2015, Gamesa announced its foray into the solar energy space. The company has an installed capacity of over 2,100 MW and services more than 1,700 MW under operation and maintenance agreements. As a wind farm developer it has been engaged in projects with capacity of over 1,300 MW, it said.

6845 Multiplex operator Miraj Cinemas plans to add 15 screens by the year end and is also eyeing acquisitions for expansion, a top company official has said. Miraj Cinemas, which started in 2012, has 54 screens across India and is the fifth largest multiplex player in terms of number of screens. “We are present in 11 States and will be exploring another four-five States in the next six-eight months. This year we should have around 70 screens. By next year Diwali, we should have 100 screens,” Miraj Cinemas Managing Director Amit Sharma told PTI here. The company had invested Rs.70-80 crore for 54 screens and will be investing Rs.1.5 crore each to open new screens. The company operates 21 multiplexes and will take the total to 25-26 by the financial year end.

6844 India's Apollo Tyres is mulling hiring a sales team to grow its business in the United States, a top company executive told Reuters, having failed two years ago to buy US Cooper Tire & Rubber for $2.5 billion. Apollo's global push is aimed at reducing dependence on the domestic market, where passenger and commercial vehicle sales are recovering slowly after a slump and where it plans to invest $400 million over the next three to four years. The company, the number 2 tyremaker in India, also faces growing competition from cheap replacement tyre imports from China that rose 60 percent in the fiscal year that ended on March 31 from a year ago, industry data showed. Apollo's bid for Cooper collapsed after legal battles, scuppering its plans to break into one of the world's biggest tyre markets. "We are now looking at the U.S. market through organic growth," Chief Financial Officer Gaurav Kumar said in an interview on Thursday. By 2020, Apollo's revenues outside of India are expected to rise to 40 percent from about 35 percent today, as it expects to double its sales from Europe and ASEAN (Association of South East Asian Nations) over the period, said Kumar. In 2014, the year after the Cooper bid collapsed, Apollo said it would invest 475 million euros ($540 million) to build a new manufacturing plant in Hungary. That plant will begin production in 2017. "Once Hungary comes on stream we will have much more cost competitiveness to sell in the U.S. We would begin with hiring a small team... and grow from there," he said, adding that the company is still studying how big the team will be. Kumar said the company also hopes to supply to carmakers in Europe such as Volkswagen AG, Daimler AG and Suzuki Motor Corp that build cars close to its upcoming plant in Hungary. The company will next year start raising, in tranches, up to $250 million of debt towards its planned $400 million investment in India. With the Indian government working to kickstart stalled road infrastructure projects, Apollo, which mainly manufactures tyres for trucks and buses, is planning to double capacity at its plant in Chennai in southern India. Apollo, which aims to become one of the world's top 10 tyremakers in a few years, could set up a third plant in an ASEAN country if demand rises and revenues in the region more than double from less than $100 million now

6843 Skipper Limited, an integrated transmission tower manufacturing company which is also the third largest in the segment in India. Skipper Limited told it is constructing three new plants-in Sikandarabad, Telengana and Guwahati to expand its foot print across the nation in the PVC pipes business. The company currently has a capacity of 22,000 tonnes per annum in the PVC pipes business which will be increased to 1 lakh tonnes per annum with the commissioning of the three new plants. "The overall capex that the company has outlined for the PVC business over the next couple of years is approximately Rs 100 crore, which would go into expanding its capacity to 1 lakh tonnes from 22,000 tonnes within next couple of years," Mr Bansal said. The capex amount of Rs 100 crore will be funded through internal accruals and some debt, Mr Bansal added. Skipper expects to make two of the new plants operational in the third quarter and one in the fourth quarter of this fiscal. In FY 15 the PVC business contributed less than 10 per cent to the total net revenue of Rs 1,313 crore for Skipper. The company believes the PVC business will contribute around 30 per cent to its overall revenue by FY18.

6842 Reliance Communications (RCom) and its subsidiary Global Cloud Xchange (GCX) would invest $80 million (roughly Rs. 500 crores) to set up four data centres in India over the next 12 months. "We are adding four data centres in the next 12 months as part of our strategy to increase capacity by 40 percent," Bill Barney Chief Executive of Reliance Communications (Enterprise) and GCX said. This is part of the company's major expansion of its cloud platform, where it sees significant business opportunity. It expects that in the next five years, 25 percent of the company's business would come from cloud services. RCOM-GCX is the largest provider of cloud computing facilities in India with 11 data centres. Around 3,210 Indian enterprises, 14,505 global enterprises and 231 Fortune 500 companies in Mumbai have connected through the RCOM/GCX network, the company said. "We believe that outsourcing and driving of clouds will nestle itself in India over the next decade in a similar way as software development, call centres and BPOs did in the last decade," Barney said. "This will drive huge growth in the cloud and data centre space across the country," he added. RCom has connected with Amazon, Microsoft, SoftLayer and Google to enable its customers to leverage their services. India is the fastest growing data market

6841 Infra major Pratibha Industries has bagged a water supply project order worth Rs. 1,023.62 crore from the Telangana government. “We are pleased to inform that we have secured a work order of Rs. 1,023.62 crore from the Government of Telangana, Rural Water Supply and Sanitation Development,” The scope of works includes operation and maintenance for 10 years and providing drinking water to habitations in LMD (Lower Manair Dam)— Karimnagar, Ramadugu Segment as well as in LMD Manakondur, Husnabad, Huzurabad. “The project is to be completed within 30 months from the date of commencement,”

6840 SRF Ltd has firmed up plans to set up a new polyester industrial yarn spinning unit with an annual capacity of 14,500 tonnes at its existing Gumminipoondi plant in Tamil Nadu. The new project would involve fresh investment of approximately Rs 250 crore. The company has also entered into a technological tie-up with Japan-based TORAY for the new plant.

6839 Banswara Syntex Ltd board has approved the company�s proposal for expansion of weaving, processing and garmenting capacities and also modernization of its spinning division with a total estimated capex of Rs 40 crores. In an interview with CNBC-TV18, RS Toshniwal, CMD, Banswara Syntex, spoke about the company�s ambitious plans and the his outlook.

6838 Country’s largest power producer NTPC expects to commission the first 800 MW unit of its 4,000 MW Kudgi super thermal power project in Karnataka in the current fiscal. “The first 800 MW ultra super critical unit at Kudgi is expected to come on stream this financial year,” NTPC CMD A K Jha said in a press statement. He further said that productivity and efficiency would help NTPC overcome the challenge of mounting fuel bills and bring down cost of power. Mentioning about National Solar Mission and NTPC receiving the lowest tariff bid of Rs. 4.63 per unit of electricity for 500 MW solar park scheduled to be put up in Andhra Pradesh, Jha said this is new beginning in the sector. He expressed faith that NTPC will soon be a leader in the solar sector like thermal for which we all need to work harder and faster to achieve its goals to be the best power producer in the world. Speaking on the recent successes of the company, Jha said that the company’s financial results have been good with improved generation. He lauded the Vindhaychal team for commencement of timely commercial operations of 500 MW of Unit 13.

6837 Kerala—based jewellery firm Malabar Gold & Diamonds is planning to set up manufacturing units in Ahmedabad and Kolkata, a senior official said today. “We are planning to expand our manufacturing facilities into more cities. We already have such facilities in Dubai, Mumbai, Bengaluru and Coimbatore. And now we are planning to set up such units in Gujarat and Kolkata as well,” Malabar Gold & Diamonds Managing Director Asher O said while opening the showroom here. “There is good huge potential in Gujarat where investment climate is very favourable. The manufacturing units in Gujarat and Kolkata will be greenfield units,” Asher added. Currently, the company is making only 20 per cent of its requirement and the balance is being outsourced. The new units—— one in Ahmedabad and the other in Kolkata, will increase own manufacturing to 60—70 per cent. Similarly, one diamond jewellery manufacturing unit in Mumbai is also planned which is expected to become operational in the middle of the next fiscal,” he added. In line with this expansion, the company is gearing up to strengthen its manufacturing facilities, Asher said. “We have invested around Rs. 800 crore during the current fiscal on enhancing our retail presence and in manufacturing units,” he said. The company has also decided to open 19 new showrooms across the country this year, he said, adding it is aggressively expanding its presence in the Eastern regions and the Middle East countries.

6836 Sajjan Jindal's JSW Group plans to shape its ports business into a major player in the next five years The steel-to-energy behemoth, along with its partners, plans to Rs. 10,000 crore to expand its ports even as it plans to increase capacity more than six times to 200 million tonne (MT) by 2020. Apart from the Rs. 10,000-crore organic expenditure, Jindal is looking at acquisitions on the east coast to speed up the process of achieving the 200 MT target. It is scanning major and non-major ports, across Andhra Pradesh, Odisha and Tamil Nadu. The group, through its subsidiary JSW Infrastructure, already operates two ports in Maharashtra and two cargo berths in Goa. It is also building a terminal in Odisha's Paradip Port.

6835 Anchor Electricals, a wholly-owned subsidiary of Panasonic Corporation today said it is investing Rs 150 crore in a manufacturing facility in Haridwar. The facility will produce a complete range of wiring devices, it said in a statement. With the new unit, the company would scale up its capacity as per the planned phase wise expansion in the additional space. The company intends to double its manufacturing capacity in Haridwar by 2020, at full capacity expansion, with the commissioning of its second greenfield facility on the said premises. “India is one of Panasonic’s key strategic markets. The new manufacturing unit in Haridwar is an important part of our growth strategy in India and other countries in the region, that we intend to serve from here,” Takaki Oguri, managing director, Anchor Electricals said. “With this expansion, we would be able to fulfil the additional demands of existing and emerging consumers for contemporary and technically superior electrical products aimed at customer comfort and energy savings.

6834 Hyderabad, November 4: HIL Ltd, formerly Hyderabad Industries Ltd, will next month commission its new plant in Timmapur near here. “We have invested ₹25 crore in setting up of this plant, with 1 lakh cubic metre production capacity,” Managing Director Prashant Vatkar told BusinessLine in an interaction here. With this, the total production capacity of roofing material will increase from the present 6 lakh cubic metres to 7 lakh cubic metres. “By the middle of next year, we will touch 8 lakh cubic metre capacity,” he said. In January this year, HIL had commissioned the AAC Blocks manufacturing facility in Jhajjar, Haryana with an installed capacity of 1.5 lakh cubic metre per annum.

6833 The company is looking at opening 80 to 100 warehouses across the country India''s biggest e-commerce company Flipkart plans to invest $2 billion in logistics and another $500 million in a nationwide warehouse network over the next four to five years, co-founder and COO Binny Bansal said on Friday. The company, which opened its largest fulfilment centre here, is looking at opening 80 to 100 warehouses across the country. Spread over 2.2 lakh square feet and with a storage capacity of 5.89 lakh cubic feet, this is Flipkart''s 17th warehouse in the country. The automated state-of-the-art fulfilment centre is expected to ship out 1.2 lakh items every day. Bansal said the warehouse was designed to provide easy access to e-commerce services for sellers, while providing faster and seamless services to customers. Equipped with a one-km-long conveyor belt, which is expected to reduce motion wastage by 75 percent, the centre has automated sorters to separate shipments based on pin codes. With 50 million products, Flipkart has 45 million registered users logging over 10 million daily shipments.

6832 Mahindra & Mahindra, India’s leading SUV manufacturer, today announced, in the presence of the Government of Maharashtra, that it would make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest additional Rs. 4,000 crore over a 7-year period taking the total investment in Chakan to Rs. 8,000 crores. A total of Rs. 4,000 crore will be utilized towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant. The Government of Maharashtra has conferred the status of ‘Ultra Mega Project’ to this proposed expansion. In addition there will be further investment by suppliers to cater to our increased requirement.

6831 Luxury car maker Mercedes Benz India on Monday announced investment of Rs 1,000 crore for expansion at its Chakan facility, Pune district. The company's newly appointed managing director Roland Folger revealed the investment plan during his meeting with the Chief Minister Devendra Fadnavis. Mercedes Benz India's total investment as on date at the facility stands at Rs 1,000 crore since its inception in 1994. A release issued by the chief minister's office (CMO) said Fadnavis has assured Folger and the outgoing MD Eberhard Kern that the government will provide necessary approvals at the earliest for the company's proposed investment. Today's announcement comes close on the heels of opening of Mercedez Benz India's new manufacturing facility inaugurated by Fadnavis at Chakan in June this year. It has augmented the company's production capacity to 20,000 units annually, making it the largest installed production capacity for any luxury car maker in India. The company's pofrfolio of locally produced models include C, E, S, M, GL, GLA, CLA and Mercedes Maybach S500.

6830 Japan's Panasonic Corporation plans to start an acid battery factory and explore more opportunities for manufacturing under the Prime Minister Narendra Modi's `Make in India' campaign. The factory, for which the company entered into a joint venture with Indian auto components maker Uno Minda last year, will become operational in September

6829 Apollo Hospitals Enterprise today said its subsidiary Apollo Health & Lifestyle plans to invest up to Rs. 500 crore for expansion going forward. It is also looking to raise funds for the growth through private equity partners, Apollo Hospitals said without giving any details about the potential investors. “Apollo Health & Lifestyle Limited (AHLL) is planning to invest up to Rs. 500 crore to fund the growth of the business going forward. It also plans to invite private equity investors to participate in this growth opportunity,” Apollo Hospitals Enterprise said in a filing to BSE. AHLL has undergone a significant expansion in the past three years and has plans for continued growth and expansion over the next five years, it added. AHLL operates a network of primary care and specially care formats across India. In the primary care space, it has five formats — Apollo Clinics, Apollo Sugar, Apollo Diagnostics, Apollo White and Apollo Dialysis. It also has Apollo Cradle and Apollo Spectra Hospitals in its portfolio. Shares of Apollo Hospitals Enterprise were trading at Rs. 1,449.90 per share in the afternoon trade on BSE, down 2.04 per cent from the previous close.

6828 Power Mech Projects Ltd has bagged two orders worth about Rs. 60 crore from Lanco Infratech to complete expansion works at its Ennore power plant. “The company has received Letter of Intents (LoIs) from Lanco Infratech Limited in relation to a 660 MW Supercritical Ennore Thermal Power Station Expansion Project at Ennore, Chennai, Tamil Nadu,” Power Mech Projects Ltd said in a BSE filing. According to the statement, first LoI is for erection, testing & commissioning and providing assistance for PG test for boiler — A&B Package worth Rs. 50.96 crore. The second work relates to erection, testing and commissioning and providing assistance for PG test for electro static precipitator (ESP) package worth Rs. 8.87 crore.

6827 The fast-moving consumer goods multi-national company, Proctor & Gamble, has come forward to establish its Planning Centre in Telangana to cater to the needs of its South Asia market and has sought help from the State Government in its endeavour. A delegation of top executives of the company led by its Managing Director A.I. Rajwani called on Chief Minister K. Chandrasekhar Rao here on Friday and expressed the MNC’s interest in expanding its facilities in the State. Mr. Rajwani sought the cooperation of State Government in its plans to set up the Planning Centre. According to officials, Mr. Rajwani explained to the Chief Minister that the MNC also had plans to expand its existing unit located at Penjarla village near Kottur in Mahabubnagar District. The facility was developed in 171 acres and has employee strength of 786. The company was planning to increase the headcount to about 1,200 with 80 per of the new recruits likely to be from Telangana. The proposed Planning Centre would have 50 highly-skilled persons to begin with and the number would increase to 100 later. Responding to their request, the Chief Minister said that Telangana was the best destination for expanding their activities in the country and to make further investments. The Chief Minister suggested them to have a large base in Telangana, where the best industrial policy was in vogue. On the corporate social responsibility (CSR) of the company, its Managing Director was suggested to work in the area of KG to PG education. Mahabubnagar MP A.P. Jithender Reddy Reddy, Principal Secretary to the Chief Minister S. Narsing Rao, Additional Principal Secretary A. Shanti Kumari, Secretary Industries Arvind Kumar, Managing Director of Telangana State Industrial Infrastructure Corporation (TSIIC) Narsimha Reddy and others were present on the occasion.

6826 Videocon Industries Ltd on Thursday said it plans to set up mobile handset assembly plant in Punjab, entailing an investment of Rs.500 crore over three years. The company will assemble mobile handsets along with the manufacturing of set top boxes, said Anirudh Dhoot director of Videocon. The company expects this move to create an employment opportunity for 3,000 people.

6825 Rays Power Experts has bagged Rs. 300 crore order from state—run NHPC Ltd for setting up a 50 MW solar power project at Sattur in Virudhunagar district of Tamil Nadu. “Rays Power Experts bagged a Rs. 300 crore order from National Hydroelectric Power Corporation (NHPC) limited,” the company said in a release. As part of this order, Rays Power will implement the Engineering Procurement & Construction (EPC) Contract for development of 50 MW solar power project in Tamil Nadu. The project will commence by the end of October 2015 at Sattur in Virudhunagar district of Tamil Nadu. Rays Power will be responsible for designing, engineering, civil work, installation process, testing and commissioning of the 50 MW Solar Power project.

6823 Givaudan, a Swiss manufacturer of flavours, fragrances and active cosmetic ingredients, will invest Swiss Franc 55 million (about Rs 366 crore) - the biggest investment in India since 1998 - in a new flavours manufacturing facility at Ranjangaon (Pune, Maharashtra) to serve end-user industries in India, which is one of the key high growth markets globally for Givaudan. The new site, which is expected to open in 2018, will complement Givaudan’s existing flavour manufacturing facility in Daman.

6822 Realty firm Bhasin Group on Tuesday said it will invest Rs 150 crore on construction of a 33-storey commercial tower in Noida in mere 99 days, a sort of record for the national capital region. To construct the composite steel structure tower covering 9 lakh square feet of area, the company has given a contract worth Rs 35 crore to Jindal Steel and Power Ltd (JSPL) for supply of pre-engineered columns, beams and allied structure. "We are coming up with a 9-lakh square feet commercial building on Noida Expressway. The construction of this building will be completed in just 99 days, This will be the tallest and fastest (built) composite steel building in the country," he claimed. The construction started on October 21 and would be completed by January 29, 2016, he said, adding that this tower would be operational by April-May after getting the necessary approvals. Mr Bhasin said the company would invest Rs 150 crore on construction of this office-cum-retail tower. It is selling commercial space at Rs 3,500 per square foot. This tower is part of a 25-acre project that the company would develop in Noida.