Upcoming Projects in India

6821 Srikalhasthi Pipes Limited has approved a capital investment of Rs. 100 crore for expansion of its existing mini blast furnace located in the Chittoor district of Andhra Pradesh. This investment will increase the ductile iron pipe production capacity of the company from 2,25,000 tonnes per annum to 2,85,000 tpa and includes cost reduction measures covering the pulverised coal injection plant and stave cooling system. GS Rathi, Wholetime Director, Srikalahasthi Pipes, in a statement to BSE has informed that in view of the upcoming water supply projects in Telangana to support the water grid, Amaravati capital development projects, infrastructure projects in the proposed 100 smart cities and 500 Amrut (Atal Mission for Rejuvenation and Urban Transformation), and various urban development and rural water supply projects, the company was hopeful of comfortable order position during the coming years.

6820 Uniparts Group, a global manufacturer of engineered systems and solutions for the off highway vehicle market, will invest Rs 100 crore to set up a facility in Ludhania and expand its Visakhapatnam plant, according to a top executive of the Noida-headquartered entity. Uniparts, which operates six manufacturing facilities -five in India and one in the US -plans to expand into the fast-growing agri business and focus on construction, forestry and mining sectors to benefit from expected higher government investment in infrastructure. Paramjit Soni, vice-chairman of Uniparts, told ET that the company is working on new components and platforms under the 3-Point Linkage System, which forms the backbone of agricultural machinery globally, and will add new applications for tractors, harvest combines and other such vehicles. We are expanding our facilities and adding fresh investments to bring our global technology into new products for the Indian market. The 3PL products for tractors and allied agriculture sector, which are basically attachments, would considerably enhance productivity and will be our growth drivers for the future," Soni said, adding that global tractor production in 2015 is estimated to touch 1.96 million units, with India maintaining its lead with about 41 per cent share followed by China at about 24 per cent. According to the company, the global 3PL market is expected to grow to $374 million in 2015, buoyed by robust tractor production volumes in India and China, as well as steady growth in the North American market. Meanwhile, the Indian infrastructure market is expected to grow at approximately 12 per cent CAGR over the next five years, led by higher investments in roads, urban infrastructure, and irrigation and power projects. India, the world's largest tractor market, is likely to witness a spurt in demand for agricultural machinery on the back of higher farm incomes and improving yields.

6819 ReGen Powertech, which manufacturers wind power turbines at its plant near Chennai, today announced that it has received orders worth Rs 1,600 crore from two independent power producers — Hero Future Energies and Sembcorp Green Infra. ReGen makes 1.5 MW wind turbines with technology from Vensys, Germany. The orders are for 150 MW from Hero Future and 60 MW from Sembcorp Green Infra. With projects under execution in various stages, ReGen is set to commission 400 MW of wind power capacity in the current financial year, a press release from the company says. The company, promoted by Madhusudhan Khemka and the Hyderabad-based Nuziveedu group, had started its operations in 2008 and is close to achieving sales of 2,000 MW. The release says ReGen has developed a 2.8-MW machine in-house, which is undergoing tests at a site near Coimbatore. The company will also launch two other models of wind turbines next year, it says.

6818 talian auto components major Magneti Marelli has opened a new manufacturing facility in India to meet the growing demand for automated manual transmission (AMT) gearboxes. Magneti Marelli Powertrain India, a joint venture between Magneti Marelli, Maruti Suzuki and Suzuki Motor Company since 2007, has inaugurated a new industrial site for the production of robotised gearboxes for automobiles, also called AMT, the company said in a statement. The company has invested Rs 150 crore on the plant which has come up at Manesar. It covers 7,500 sq mt and houses production lines and offices. "When fully operational, the plant will employ around 115 people and will have a production capacity of 2,80,000 robotised gearbox kits per year," the company said. The facility was created to address the growing market success that the AMT component has had in India over the past two years and to meet the demand from local carmakers regarding additional future implementations, it added. The company provides AMT gearboxes to various popular models like Maruti Celerio, Maruti Alto, Tata Nano and Tata Zest in India. Magneti Marelli has seven plants and a research and development (R&D) centre in the New Delhi area, operating in the powertrain, electronic systems, exhaust systems among others. It also has three plants and a R&D centre in the Pune area operating in the lighting, powertrain, exhaust Systems and shock Absorbers sectors. The company also has a plant in the Chennai region, operating in the exhaust systems sector.

6817 Chinese industry has shown interest in the setting up of a Dry Port and a prefab concrete manufacturing factory in Telangana. Two MoUs have been signed between the visiting Chinese companies and the State Government. The Sany Group is keen on establishing a prefab concrete manufacturing factory and its representative Haijen Deng, Secretary of Sany International Housing, and M Dhana Kishore, Secretary Housing Department, Telangana, have inked the agreement. For implementing the Dry Port Solutions, the agreement was signed by Secretary, Industries and Commerce Jayesh Ranjan, and Wengen Liang, Chairman of the port of Sany Heavy Industry. A 45-member delegation from China consisting of Chinese companies led by Sany Group of Companies had a joint meeting for cooperation on Telangana development at the Falaknuma Palace on Friday. The Chief Minister, K Chandrashekhar Rao, welcomed them for their preparedness in investing in the State. The delegation members included Vice-President of CCTEG Shenyang Engineering Company, Zhang Keshu; Vice-President, China Minsheng Investment Corporation, Chen Guogang; Chairman of China Coal Mine Construction Group Corporation, Xhao Shibing; Vice-President, Power Construction Corporation of China Zeng, Xingliang; Chairman of CHINT Group Company, Nan; Vice-Chairman and Vice-President of Golden Concord Holding Ltd, Shu Hua and Tzou Sean, respectively; Vice-President of Lianyungang Port Holding Group Companies Li Chunhong; Vice-President, State Power Investment Corporation, Ma Lu, and CEO Tebian Electric Apparatus Stock Company. K Pradeep Chandra, Special Chief Secretary, welcoming the guests said that within a month after the Chief Minister visited China, the delegation has come here indicating the keen interest of Chinese companies in investing in the State. In a video presentation, nine areas of opportunities for investment namely Dry ports, Power Generation, Power Distribution, Coal Mining, Social Housing, Road Development and Logistic parks in HMDA were explained to the delegates. Sany Group has total assets of $ 18 billion and has branches in 100 countries all over the globe. It has its presence in manufacturing and R&D facilities in India also. Sany was established in 1989 and is the Chinese number one and the world’s number five construction machinery manufacturer. Its products include concrete machinery, excavators, pile driving machinery, and wind turbines.

6816 Cigarettes-to-hotel-to-FMCG major, ITC Ltd will invest Rs. 3,500 crore in West Bengal. The investment comes across various projects - hotels, IT centre, and manufacturing facilities - that the company has already announced or proposed, ITC Chairman YC Deveshwar, said while responding to shareholders' queries during its 104th AGM here. According to him, around Rs. 1,000 crore will be spent in the second luxury hotel that is coming up here. Construction work for the hotel has already begun. The other projects that the company has announced include the setting up of a IT facility - Infotech Centre, and two consumer goods manufacturing facilities - one each at Uluberia (Howrah) and Panchla (Howrah).

6815 he Rashtriya Ispat Nigam Ltd - Visakhapatnam steel plant and the National Mineral Development Corporation (NMDC) entered into an MoU at the corporate office of the NMDC , Hyderabad, on Tuesday, according to a press release. The MoU was signed by GBS Prasad, the Director (Personnel) of RINL, and Sandeep Tula, the Executive Director (Personnel and Admn) of the NMDC in the presence of senior executives from both the organisations. The MoU will facilitate the newly-recruited employees of Nagarnar Steel Plant (NSP), a 3 m.t. Integrated steel plant being set up at Nagarnar in Chhattisgarh by NMDC, to be trained in Visakhapatnam steel plant. Executive trainees of the NMDC will benefit from the process of knowledge transfer, skill development, quality training and experience in all the major units of the successfully run VSP

6814 FMCG giant ITC today said it will double its investments in the food processing sector in Punjab from Rs. 700 crore to Rs. 1,400 crore. Besides, the company is interested in sourcing Kinnow fruit from Punjab for making juice at its facility in the state. “For integrated food processing park, we had committed Rs. 700 crore. But after having gone back from here, we soon came to the conclusion that Rs. 700 crore was not enough to make investment in the food bowl of India. “So, we upped the investment to Rs. 1,400 crore,” ITC Chairman Y C Deveshwar said while addressing the second edition of Progressive Punjab Investors Summit here today. The company, which is coming up with its integrated food processing park at Kapurthala, will also increase area for its upcoming manufacturing facility. “I am happy to inform that construction is on at 40 acres of land (in Kapurthala),” he said, adding that the facility’s acreage would be increased to 71 acres. He hailed the Punjab government’s move to exempt all taxes on food processing inputs. Deveshwar further said that he was also keen on sourcing Kinnow from Punjab and invest in hospitality sector in the state. “Barring unforeseen circumstances, this kind of tax free inputs, Punjab should be the place from where all value added food processing products should be supplied all over India. “We already have in mind to compete against imported orange juice and beverages with Kinnow from Punjab. If all goes well, then within three months from now, Kinnow sourced from Punjab will be marketed by ITC and processed it here in our facility,

6813 he Centre has approved action plans under the Heritage City Development and Augmentation Yojana (Hriday) for eight mission cities at approximately ₹450 crore, said a statement from the Urban Development Ministry. Comprehensive plans for Varanasi, Mathura, Ajmer, Dwaraka (Gujarat), Badami (Karnataka), Warangal (Telangana), Amaravati (Andhra Pradesh) and Velankanni (Tamil Nadu) seek to conserve and develop core heritage assets in these cities. Focus is also on improving sanitation through solid waste management, easy access through signages and better mobility, interpretation centres, landscaping, provision of green spaces, etc. Heritage development in Varanasi, across four zones, will be taken up at a cost of ₹130 crore, including ₹89.31 crore allocated under Hriday, the statement said. It aims to develop pedestrian pathways, façade improvement, multilevel parking and solid waste management, and as many as 30 roads in different heritage zones. Infra development In Mathura, infrastructure development will be taken up in six different zones at a cost of ₹41.37 crore while for Ajmer and adjoining Pushkar, ₹60.98 crore will be spent across five zones on various projects. Badami will witness a significant facelift at a cost of ₹61.86 crore while for Dwaraka it will be done at ₹19.56 crore. Velankanni will see an investment of ₹42.26 crore and Warangal, ₹72.97 crore including ₹40.54 crore under Hriday. Amaravati will be improved at a cost of ₹20.33 crore, it said.

6812 Infrastructure Leasing & Financial Services (IL&FS) and Gujarat International Finance Tec-City Company Ltd (GIFTCL) on Tuesday announced the signing of a memorandum of understanding (MoU) with Siemens Ltd to develop Smart Mobility Solutions for GIFT City. GIFTCL is a 50:50 joint venture of Gujarat Urban Development Company Ltd and infrastructure development company IL&FS. The MoU was signed by Hari Sankaran, Vice-Chairman and Managing Director, IL&FS, Ajay Pandey, Managing Director & Group CEO, GIFTCL, and Sunil Mathur, Managing Director and CEO, Siemens Ltd. Joe Kaeser, President and CEO, Siemens AG, who is part of the high-profile German business delegation accompanying German Chancellor Angela Merkel who is in India on a three-day visit from October 4-6, was present at the signing ceremony. He described India as a “highly-attractive” market where Siemens is well represented. The most recent move has been an agreement to establish additional local competences, which will support the ‘Make in India’ programme initiated by Prime Minister Narendra Modi. The programme focuses on energy management, mobility, smart cities, and health technology. Sankaran said GIFT city was designed to generate employment in the financial and IT services sectors. International experience has shown that when such initiatives take off they have huge multiplier impacts on regional and national economies. GIFT, a globally benchmarked smart city on the banks of the Sabarmati River in Ahmedabad, is an ambitious project, being designed as a hub for the global finance services industry. Over the medium term, GIFT expects to generate 500,000 direct jobs and another 500,000 indirect jobs. The city has already sold development rights equivalent to 14 million square feet. As these developments materialise, these will generate over 80,000 new jobs by 2017-18.

6811 he Centre has given green clearance for the setting up of gas—based ammonia urea plant at FCIL’s Ramagundam Fertiliser complex in Karimnagar, Telangana, with an investment of Rs. 5,465 crore. This is part of the government’s initiative to revive the closed units of the state—run Fertilizer Corporation of India Ltd (FCIL) to augment domestic urea capacity. In January, a consortium of three state—run companies —— FCIL, National Fertilizers Ltd (NFL) and Engineers India Ltd (EI) —— had formed a JV firm to set up new ammonia and urea plants at the existing site of Ramagundam Fertiliser complex. “Based on recommendations of the Expert Appraisal Committee (EAC), the Environment Ministry has given the environment clearance for the setting up of ammonia urea plant at the existing premise of Ramagundam Fertiliser complex in Karimnagar,” a senior Environment Ministry official said. The green nod has been given with some specific and general conditions, the official added. The environment okay was obtained for the existing project in 1999, but the production of urea and ammonia was suspended due to non—viability of economic operations. As per the proposal, a single stream urea plant with a production capacity of 3,850 metric tonnes per day (MTPD) and ammonia plant (2,200 MTPD) will be installed at the Ramagundam fertiliser Complex. Apart from buildings which will be refurbished, all plant machinery and equipment would be established from scratch while the existing old plant machinery will be sold as scrap. The project cost is estimated to be Rs. 5,465 crore, it said. Of which, Rs. 35 crore and Rs. 8.77 crore will be earmarked as capital cost and recurring cost per annum for implementation of environmental management plan, it added. The plant will be based on natural gas as feedstock coming from proposed Mallavaram—Bhilwara pipeline and raw water will be fed from Sripada Yellampally Barrage already built on Godavari river.

6810 dian Immunologicals Limited (IIL) has set up its second manufacturing facility at Karkapatla, Ranga Reddy district, Telangana with an investment of ₹250 crore. The unit at Phase III of Genome Valleywill expand IIL’s manufacturing capabilities. It will make vaccines against infectious diseases of humans & animal health formulations. The first phase of human vaccine facility has the capacity to produce 8 million doses of human rabies vaccine. The animal health formulation facility is equipped to produce 300 million tablets, 100 million bolus (animal vaccine), and 20 million vials of injectables, said K Anand Kumar, Deputy Managing Director, IIL, the fully-owned subsidiary of NDDB.

6809 Reliance Industries will make an investment of over Rs. 250,000 crore in the digital space, including rollout of wireless broadband infrastructure and manufacturing of mobile handsets, its chairman Mukesh Ambani said on Wednesday. Speaking at the launch of Digital India Week here, Ambani, whose $ 16 billion Reliance Jio Infocomm Ltd is set to launch telephony and broadband services by December, said the firm’s investments in digital space will create employment for over 5 lakh people. “We at Reliance will invest over Rs. 250,000 crore across the Digital India pillars,” he said. Elaborating on the investment, he said infrastructure for all—IP next—generation, wireless broadband infrastructure across all the 29 states in India is being laid, “This will be amongst the best in the world.” Jio is also setting up a new nationwide distribution network that will enable over 150,000 small electronic retailers to sell and service smartphones and Internet devices, he said. “Thirdly, Jio is working with leading device manufacturers encouraging them to make smartphones and Internet devices in India at an affordable price. We will give them an assured offtake through our retail system,” he added. Reliance, he said, has “committed to make the necessary investments and strongly partner with central and state governments in the area of e—governance, digital education, digital healthcare, smart cities and rural digital services.” Ambani said a Jio Digital India Startup Fund will be created for entrepreneurship in cities and towns. “Our intent is to provide a platform for young Indians who what to create digital businesses of the future.” Lauding the Digital India initiative, he said the programme has a potential to fundamentally transform the lives of 1.2 billion Indians using the power of digital technology

6808 The ambitious smart-city project at Gujarat International Finance Tec-City (GIFT City) has seen several major projects with investment of ₹1,000 crore breaking the ground at GIFT International Financial Services Centre (IFSC). Construction work on 1.6 million sq ft of built-up area (BUA) of space has begun with projects by Viridian RED setting up World Trade Centre, Hiranandani Group, a business club and an affordable housing project at GIFT City. Ajay Pandey, MD and Group CEO, GIFT City, said, “After making total allotments of 14 million square feet of BUA in the first phase, we are now seeing development work for the major projects in full swing and in the coming months few more major projects will take off.” “Several International Banking Units (IBUs) have already received final RBI clearances and are expected to begin operations at India’s first IFSC at GIFT City in a couple of months time. We have also now started making allotments for the second phase of this mega project,” he added. Iconic building Viridian RED, which is setting up Gujarat’s first World Trade Centre – WTC Gift City, is developing an iconic building, which is expected to be ready by 2017. It has been allocated 1 million sq ft space at GIFT and is going to invest in excess of ₹600 crore over the next couple of years. Mumbai-based Hiranandani group has also commenced work on office tower ‘Hiranandani Signature’ in GIFT SEZ - IFSC and the building is set to be ready by December 2016 at an investment of ₹180 crore under the brand Hiranandani Communities. The company has been allotted a total of 0.3 million sq ft of built-up area, and will set up a modern office tower for financial services and IT operations. Work on India’s first Business Club - GIFT International Centre spread across 0.16 million square feet area has commenced and it will be ready by December 2016. Development work towards building 330 affordable homes spread over 0.14 mn sq ft has also commenced.

6807 Gujarat Chief Minister Anandiben Patel will lay foundation stone for the 800 MW super critical thermal power plant at Vanakbori in the Kheda district of Gujarat on Thursday. The super critical power plant will become the first of its kind unit in the state to generate electricity for round the clock. Engineering major, Bharat Heavy Electrical Limited (BHEL) has managed to secure the contract through International Competitive Bidding from the state-run Gujarat State Electricity Corporation (GSECL) on EPC (Engineering, Procurement and Construction) basis.

6806 In line with ‘Make in India’ initiative, domestic handset vendor Lava will invest Rs. 500 crore to set up a manufacturing plant in Tirupati. Earlier this week, Prime Minister Narendra Modi had laid the foundation stone for a dedicated mobile handset and electronics manufacturing facility at Tirupati, Andhra Pradesh. According to officials, apart from Lava, the facility will house brands like Micromax, Celkon and Karbonn. “The manufacturing plant, which will be operational in 2017, will target production capacity of five million phones a month once fully functional. Lava will invest Rs. 500 crore for this facility that will be set up over 20 acres of land allotted by the government,” company’s International Chief Manufacturing Officer Sanjeev Agarwal told PTI. He added that the facility will aim to generate employment for 12,000 people. “Over the next few years, we plan to develop the entire manufacturing ecosystem in India and promote localisation of components,” Agarwal said. Lava’s existing manufacturing unit in Noida, which has a monthly capacity of one million units, was commenced six months back. “We have already achieved manufacturing cost as competitive as that in China (from Noida unit). Moreover, with our robust infrastructure, we are delivering products with 50 per cent better quality as compared to products made in China,” he said. This development is an important milestone in Lava’s journey and will help deliver on the promise to empower people to do more and be more by generating employment and imparting skills, he added. In July, Lava had said it will invest Rs. 2,615 crore over the next 7 years to set up two manufacturing units in India. Once operational, the units will have a combined capacity of 18 million handsets per month. Global handset makers like Samsung and domestic players like Micromax and Spice have assembly units in India. Recently, international players like Xiaomi, Gionee and Asus have announced assembly units in India in partnership with electronics major Foxconn in Andhra Pradesh. Handset makers are looking to tap the multi-billion dollar opportunity in India, which is one of the fastest growing smartphone markets in the world. The Indian handset industry is poised to overtake the US as the second-largest market in next few years. According to research firm IDC, shipments in India grew 44 per cent year-on-year to 26.5 million units in April-June 2015 quarter. Lava ranked fourth in the tally with seven per cent market share, after Samsung (23 per cent), Micromax (17 per cent) and Intex (11 per cent).

6805 Listed Rama Steel Tubes Ltd (RSTL) has said it would increase the capacity of its plant at Khapoli in Raigad district of Maharashtra. In a filing to the stock exchanges, it announced that the plant would increase its capacity to manufacture mild steel tubes and hollow sections from 36,000 tonnes per annum to 72,000 tonnes per annum. In June it had commissioned the Khapoli plant at a cost of around Rs. 7.5 crore including a 20-acre land parcel. The expansion at a cost of Rs. 4.5 crore is expected to be complete by next April, Naresh Bansal, Managing Director, told BusinessLine. The cost of the Khapoli plant and its proposed expansion is being funded by internal accruals, he said. It has two other manufacturing plants at Shahibabad in Uttar Pradesh with a total capacity of 1 lakh tonne a year. For the Rs. 195-crore company, falling steel prices have improved the prospects for better margins and greater exports. “New products for the infrastructure industry are likely to add to the profitability,”

6804 The Reliance Group on Thursday said it will make fresh investments of up to Rs.46,000 crore in diverse range of sectors like defence, information technology, electronics and energy in Madhya Pradesh. According to a company release, the announcement for fresh investments came after Reliance Group's chairman Anil Ambani met Madhya Pradesh Chief Minister Shivraj Singh Chouhan here. "Madhya Pradesh has become the growth centre now. Reliance Group will invest in defence production sector at Pithampur and Bhopal. An Integrated Land System Defence Manufacturing Hub will be developed at Pithampur and Rotary Wing Helicopter Manufacturing Unit at Bhopal," Ambani said. "About Rs.6,000 crore will be invested in energy and defence production sectors. Global-level data storage centres will be set up by the Group in the state in information technology sector. For this, Rs.1,500 crore will be invested at Pithampur," he added. The group will set up a unit at Pithampur to produce polysilicon ingot required to manufacture solar panels at a cost of Rs.27,000 crore. Also, the group will expand Sasan power project with an investment of about Rs.12,000 crore. These projects will generate about 70,000 direct and indirect jobs. Furthermore, the group chairman shared a proposal to start campus of management institute named ISB at Bhopal. The group, which has already invested Rs.35,000 crore in cement, telecom and financial services sectors in the state, has taken up nearly 400 acres of land at Pithampur and 70 acres at Bhopal.

6803 Indian Oil Corporation has signed an agreement with Nepal Oil corporation to build a Rs.275-crore petroleum product pipeline from Raxaul in Bihar to Amlekhgunj in Nepal. “Subsequent to signing of an MoU between the Government of India and the Government of Nepal on August 24, 2015, IndianOil and Nepal Oil signed an MoU on August 25 in Kathmandu for construction of Raxaul-Amlekhgunj petroleum product pipeline with a 1.3-million tonne per annum capacity,” IndianOil said in a statement on Tuesday. Construction of the pipeline and maintenance work at the Amlekhgunj petroleum depot of Nepal Oil will cost Rs.275 crore. IndianOil said that the completion period is 30 months after the receipt of the statutory clearances. The 41-km pipeline will primarily run through Nepal and initially supply petrol, diesel and kerosene. IndianOil said that the pipeline will “ensure long-term supply of petroleum products to Nepal as well as stability of supplies from India to Nepal, which will benefit both the countries.”

6802 Chinese solar power module and cell manufacturer Xi’an LONGi Silicon Materials Corporation signed a memorandum of understanding to build a $250 million ( around Rs.1,600 crore) manufacturing plant in Andhra Pradesh. Xi’an LONGi will invest the money as part of the first phase of investment in the proposed Rs.8,000-crore plant. The company will initially employ 1,000 people to produce 1,000 MW of solar cells annually and 1,000 MW of solar modules annually. “India is a leading market for solar power right now. We hope our investment helps contribute to India’s solar programme as well as the ‘Make in India’ programme,” said Baoshen Zhong, Chairman of LONGi. LONGi’s plant will come up in Sri City, Andhra Pradesh, which is 55 km north of Chennai and is a special economic zone. Andhra Pradesh Chief Minister Chandrababu Naidu urged LONGi to enhance research in solar power to bring down the cost of electricity. He also promised to provide all necessary approvals to the company within 21 days. “You have to show speed, scale and skill…I want Xi’an to help us with research to bring down the cost of solar power,” said Naidu. Meanwhile, Ajay Jain, Secretary for Infrastructure and Investment, Andhra Pradesh, said that the State targets to have 9,000-10,000 MW of solar power capacity by 2022. He added that work on the 2,500 MW solar park coming up in the State. “Work has started on 250 MW. A further 2,000 MW is under tendering and will be awarded within the next 10-15 days,” said Jain.

6801 Taiwan-based Delta Electronics will invest $225 million (about Rs.1,460 crore) in setting up a power supply manufacturing plant and product development centre in India next year. “We are in the process of acquiring land in Tamil Nadu for setting up a power supply manufacturing unit. We expect land title to be transferred to us by November. The first set of investment of $150 million of the total commitment will be made next year,” Delta India Electronics Managing Director Dalip Sharma said at Renewable Energy India Expo. The investment is part of the $500-million investment commitment made by CEO Ping Cheng at a Digital India event held in July. Sharma said that Delta will hire 5,000 people for working at this plant over period of next five to seven years. “We expect to approach Department of Electronics and IT for approval under MSIPS by end of this year,”. The Modified Special Incentive Package Scheme (MSIPS) provides subsidy for investments in capital expenditure, which is 20 per cent for investments in special economic zones (SEZs) and 25 per cent in non-SEZs. It also provides for reimbursement of countervailing duty or excise for capital equipment for the non—SEZ units.

6800 In a major boost to renewable energy sector, the Andhra Pradesh Government has inked memorandums with several companies with a total investment outlay potential of Rs. 19,000 crore. SBJ Cleantech, a joint venture of SoftBank Corporation of Japan, Foxconn Technology Group of Taiwan and Bharti Enterprises; Gamesa, the Spanish wind turbine maker, and Accinona Energia signed separate agreements for setting up solar and wind power projects in the State. The three-way venture of SBJ Cleantech has outlined plans to develop 2 Giga Watt solar (2000 MW) and One Giga Watt (1000 MW) wind power projects. Wind power companies Gamesa, Suzlon, Regen Power and Renew Power have outlined their plans for over the next five years, which includes wind power projects and turbine facilities. The Chief Minister, N Chandrababu Naidu, has assured strengthening of transmission network and wanted the developers to bring down the cost to Rs. 4 per unit from Rs. 6 now.

6799 imed at giving further fillip to the pharmaceutical industry in Gujarat, the National Institute for Pharmaceutical Education Research (NIPER) will set up a state-of-the-art campus near Gandhinagar at an estimated cost of Rs. 500 crore in the next two years. “The Gujarat Government has allotted 80 acres of land to us near Chiloda village. The construction work at the campus will be completed by 2017,” Dr Kiran Kalia, Director of NIPER-Gujarat, said here on Wednesday. At present, NIPER-Gujarat conducts seven courses in rented premises in Ahmedabad. NIPER was established in 2007 with three specialized courses in biotechnology, natural products and pharmaceutics. Subsequently, four more courses were included. She said NIPER will increase the number of students from current 70 to 550 once the institution is shifted to the new campus. It also plans to add new courses up to PhD level. “We are also working to kick-start the National Centre for Medical Devices at NIPER, for the first time in India.” NIPER is hosting its third convocation on October 19 in which Dr Soumya Swaminathan, Director-General, Indian Council for Medical Research (ICMR) will be the chief guest. In order to cater to the growing demand of skilled manpower in pharmaceutical and allied industries, the Government of India had sanctioned six NIPER campuses in Andhra Pradesh, West Bengal, Uttar Pradesh, Bihar, Assam and Gujarat.

6798 Taiwanese tyre maker Maxxis Group will invest around ₹2,600 crore for its upcoming facility at Sanand GIDC and will manufacture about 10,000 tyres per day for two-wheelers, which will be increased in a phased manner. Company's chairman Tsai-Jen Lo met Gujarat Chief Minister Anandiben Patel and updated her on the company's investment plans in the state. The company has been allocated 43 hectares of land for the tyre manufacturing facility, which is expected to be commissioned by 2016. The plant will employ about 2,000 people and will also participate for the skill development of youth in this area. "Talked about collaboration between Maxxis group & GoG to establish centers for skill development & upgradation to impart skill-training," the Chief Minister posted on her micro-blogging site Twitter. Maxxis Group plans to manufacture about 10,000 tyres for two-wheelers and about 20,000 tubes per day beginning 2016. Senior company officials had visited Gujarat and met the Chief Minister in October 2014 for the finalisation of the proposed plant.

6797 The Andhra Pradesh Government plans to significantly expand the power generation capacity by 2018-19, taking its installed capacity to 29,000 MW up from 13,500 MW now. With the demand projected to more than double by 2018, up from 6,200 MW to 13,500 MW, the capacity addition is at various stages of implementation. While ensuring 24x7 power to all the consumers, the State Chief Minister N Chandrababu Naidu is keen to develop Amaravati, the new capital city of Andhra Pradesh, as an energy efficient city. Since the city is being developed from the design stage, it would have the advantage of making it as an energy efficient smart city incorporating various energy saving systems right from the planning stage. The AP power sector is working towards the ambitious task of achieving total installed capacity of 29,000 MW up from the present installed capacity-around 10,222 MW. The additional generation capacity of around 18,230MW by 2018-19 would come from thermal (7090 MW), hydel (1010 MW), solar (4530 MW), wind (4000 MW), and share of central Generating Stations (1600 MW) by 2019. The Chief Minister had launched the LED bulbs distribution programme at Vijayawada on Gandhi Jayanthi Day last year (October 2, 2014). While expressing satisfaction over the implementation of LED bulbs scheme in Guntur, Srikakulam, Anantapur, West Godavari districts, the focus now is on covering other districts. This is part of the scheme to distribute two crore energy efficient LED bulbs by March 2016. The Central Government agency Energy Efficiency Services Limited has been supportive of the scheme and extended financial support of Rs. 1000 crore for the implementation of the LED bulb scheme and other energy efficiency measures. The State is set also gearing up to host an International Conference on Energy Efficiency at Vizag during December 16-18, according to State Energy Conservation Cell.

6796 The Maharashtra Government on Tuesday has announced a series of fiscal incentives for the beleaguered Dabhol power plant, which will enable it to start pumping out about 500 MW power by November 1. The incentives include waiver of local taxes and power wheeling charges. Since the State Government holds 13.5 per cent equity in the Ratanagiri Gas and Power Pvt Ltd (RGPPL) the holding and operating company of the plant, it has a major say in the affairs of RGPPL. State Energy Minister, Chandrakant Bawankule told media persons that the State Cabinet has decided that the project would be given relief from Value Added Tax (VAT), Entry Tax and Octroi for two years. Similar to the waiver provided by the Centre for inter-state power transmission, the Maharashtra State Electricity Transmission Company has decided to knock-off the wheeling charges on power generated by the Dabhol plant. The State stands to lose Rs.350 crore of taxes from RGPPL per year, he said. RGPPL will be demerged into two separate companies, the main company will run the power project and LNG terminal, which is in the close vicinity of the plant. The Indian Railways are in the process of entering into a long-term power purchase agreement at Rs.4.7 per unit cost. Bawankule said the State Government could procure power from the plant only after two years, provided the plant gets stable gas from the Centre. Across the country there are 14,300 MW of gas-fired power projects in the country, which are not functional and the 1,964-MW Dabhol plant is one of them. The Centre has initiated Power System Development Fund (PSDF) to revive the plant and all stake holders will have to bear some loss for reviving the plant. He said due to Rs.7,800 crore debt, the plant is on the verge of being declared a Non-Performing Asset by the banks.

6795 The Kochi-based Rs.700-crore food company Eastern Condiments is investing Rs.50 crore to expand its existing manufacturing capacities over the next 12 months. The company is opening its ninth plant at an investment of Rs.15 crore in Dharwad district of Karnataka in November, beginning with a production capacity of 100 tonnes per month, which will be further enhanced to 900 tonnes in phases, over three years. The other eight manufacturing plants are in Rasayani (Maharashtra), Lucknow (UP), Theni (Tamil Nadu), Guntur (Andhra Pradesh), in addition to three in Kerala and one in West Asia. “Karnataka, the first state that we entered into outside of Kerala has become our key market, recording revenue growth of 63 per cent in the first quarter and 83 per cent in the first two months of the second quarter of FY 2016, over the same period in the previous fiscal. The new plant in Dharwad will allow us to be closer to our customers in the State,” Firoz Meeran, Managing Director, told BusinessLine. Eastern’s India headquarters is in Bengaluru. Eastern’s overall earnings for the first quarter this fiscal grew 19 per cent over the same quarter last fiscal, where overall growth was led by 55 per cent growth in its sales outside Kerala. Meeran attributes the company’s quarter-on-quarter revenue growth success to its unique distribution model of owning vehicles in each State that delivers its product portfolio of 800 SKUs spanning spice powders, masala powders, rice powders, instant mixes, pickles, snacks, ethnic masalas and ready-to cook curry mixes directly to retailers in metros and rural areas. “We follow a 70 per cent direct distribution model and just 30 per cent through wholesalers,” said Meeran, who is looking to grow overall revenue to Rs.800 crore by March 2016.

6794 Leading flexible packaging company Uflex Ltd on Tuesday announced that it will set up a manufacturing facility at Sanand in Ahmedabad with an investment of Rs 1,500 crore. The plant would become fully operational by April 2017. In the first phase, the company would invest Rs 580 crore for setting up an aseptic liquid packaging plant, with a capacity of seven billion packs, by April 2016, R K Jain, Group President (Corporate Finance), said here. It will employ about 250 people. Completion of all phases of the project, spread over 72 acres, will see about 3,000 people working there. About 90 per cent of the factory’s output will cater to the domestic demand which is expected to double to 16 billion packs in the next five years, he said. The 40-year-old Uflex currently has three plants in India with a plastic film manufacturing capacity of 3.37 lakh tonnes per annum, and also has manufacturing facilities in Dubai, Mexico, Egypt, Poland and the USA. The company's revenues increased from Rs 4,540 crore in FY12 to Rs 6,201 crore in FY16, with over 50 per cent being from Indian operations. At its full capacity utilisation, the Sanand plant is expected to generate revenues of Rs 1,200 crore, with an operational profit of Rs 800 crore. The company, which also plans to enter the cement packaging segment, will use 50 per cent of its electricity requirements at Sanand from solar energy, said Ashwani Sharma, President and CEO (Liquid Packaging and New Business). The global packaging market size in this segment is 240 billion packs, with a projected global CAGR of 9.33 per cent until 2019. With Tetra Pak leading the show globally, 40 per cent of this market is from dairy products alone, the rest being from juices and liquors.

6793 Kolkata-based Srijan Steel and Power Industries has got environment clearance (EC) for its Rs.256 crore greenfield project to produce iron ore pellets in Seraikela-Kharsawan district of Jharkhand. Srijan Steel has proposed a greenfield project to produce 0.8 million tonnes per annum (MTPA) of iron ore pellet and setting up of 1 MTPA iron ore beneficiation plant in Jharkhand. In December 2014, the proposal was considered by the Expert Appraisal Committee (EAC) of the Union Environment Ministry which recommended environment clearance to the project with some conditions. “The Environment Ministry has considered the application based on the recommendations of the EAC and decided to grant EC to the project,” a senior Environment Ministry official said. The final EC dated September 16 has been issued to the company with some conditions, the official added. Srijan Steel has been asked to develop green belt in 33 per cent of the plant area, earmark five per cent of the project cost towards the Enterprise Social Commitment and prepare a detailed CSR plan for every five years. Besides, it has been asked to install air monitoring devices to check emissions, provide annuities to the needy and vulnerable persons in and around the project area and take measures to control fugitive emissions. It has also been asked to use maximum water from rain water harvesting sources, use treated effluents for dust suppressions and green belt development. The company informed the government it would develop the proposed project on 16.3 acres of barren land. The cost of the project is estimated to be Rs.256 crore. Iron ore will be obtained from the mines located in West Singhbhum and water will be sourced from river Sanjay. As per the initial estimate, about 48.6 cubic meter per hour will be required for the proposed project. Power requirement of 7.5 MW will be sourced from the state electricity board, it added.

6792 Kay2 Steel plans to expand its presence across India through a franchise model beside strengthening its sales and marketing network. The brand has registered a strong presence in key markets of India including Punjab, Haryana, Uttar Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Chhattisgarh and Bihar and the next target at the radar of kay2 Steel is Eastern and Western India, the firm said in a release. As a part of its pan India expansion, Kay2 has recently commissioned 2 TMT Bar manufacturing facilities on franchise model in Raibareli of Uttar Pradesh and Raipur in Chhattisgarh besides, its existing facilities in Punjab, Rajasthan, Madhya Pradesh and Maharashtra. Post commissioning these 2 plants, the combined capacity of Kay2 TMT Bras will be over 6.5 lakh tonnes per annum. Kay2 TMT also has plans to double up its manufacturing capacity in next 2 years and the company is looking for similar strategic tie ups in new territories to ramp up production facilities.

6791 J Kumar Infraprojects Ltd today said its joint venture firm has bagged two orders worth Rs. 1,133.70 crore from JNPT Port Road Company Ltd. In a regulatory filing, J Kumar Infraprojects Ltd said it “has secured letter of award from Mumbai — JNPT Port Road Company Ltd under J Kumar Infraprojects Ltd — J M Mhatre Infra Pvt Ltd (joint venture) worth Rs. 1,133.70 crore.” J Kumar Infraprojects Ltd said its share in the order is 65 per cent, worth Rs. 736.91 crore. Elaborating on the order details, the company said the first order is for “construction of Karalphata interchange from 3.6 km to 6.073 km of NH-4B and from 5.3 km to 7.42 km of NH-348 and connectively to the fourth terminal of JNPT (Package-I) worth Rs. 539 crore.”. The second order is for the “construction of Gavanphata interchange and NH-4B of JNPT Phase-II (Package-II) on RPC basis worth Rs. 594.70 crore

6790 industan Construction Company (HCC) has bagged a contract worth Rs 942.58 crore from BARC to construct the first phase of its Integrated Nuclear Recycle Plant. “The company has been awarded a prestigious BARC contract worth Rs 942.58 crore for constructing the first phase of Integrated Nuclear Recycle Plant of BARC,” HCC said in a regulatory filing. It further said: “The scope of work includes construction of fuel processing plant, lab building, disposable material block along with in-situ fabricated stainless steel tanks and liners and electromechanical works.” Hindustan Construction Company said the project located at coastal town of Tarapur will be completed in 36 months. This project is part of the first phase of Integrated Nuclear Recycle Plant being built to process spent fuel from upcoming nuclear power plants.

6789 Herman Miller, which is known for its modern furniture design, launched a new facility here to meet the rapidly growing needs of the Indian market. The company is expanding its operational capabilities in Asia and with investments of $2 million it has now opened its latest production facility in Bidadi, near Bengaluru. “India is one of our fastest growing markets in Asia. We are thrilled to make the Herman Miller portfolio more accessible for the local market and continue to be the best partner for our clients in India,” said Jeremy Hocking, Vice President, Herman Miller Asia Pacific. The Bidadi unit is the latest addition to Herman Miller’s expanding operational footprint in Asia-Pacific. Herman Miller has existing production facilities in Ningbo and Dong-guan, China. The new centre in Bengaluru is spread over 5,600 sq m and has easy reach of the tier II and III cities, including major cities of Chennai, Hyderabad, Pune and Mumbai, as well as the neighbouring countries such as Sri Lanka. “Close proximity means a significant reduction of product lead-time and that customers can plan with higher flexibility,” The facility has adopted Herman Miller Performance System (HMPS), a lean manufacturing framework enabling reduced lead times and improves reliability. “The Bidadi facility is our third in Asia-Pacific. Our reliable supply chain network and production standards ensure the same quality is produced everywhere in the world,” explained Richard Scott, Vice-President, Herman Miller International Operations. “The facility is a major part of our global strategic plan that reflects our full confidence in the long term growth of the international business,

6788 Britannia Industries Limited has expressed its interest in setting up an agro-processing facility in Chittoor district of Andhra Pradesh. Varun Berry, Managing Director of the FMCG major called on Chief Minister N. Chandrababu Naidu at Vijayawada today and outlined the company plans to commission the Phase I of the project in Chittoor district with an investment of Rs. 125 crore by the end of 2016. Responding to Berry that the company was seeking to zero-in on a location to serve Chennai and Bangalore markets, the Chief Minister said they could consider locating the unit in the Chittoor district as it allows the company to serve both the markets. He suggested the company could explore options in the dairy sector. Berry informed the Chief Minister that 75 per cent of the company’s business comes from biscuits while the remaining in from cakes, dairy and rusk. During the meeting, the Chief Minister explained the advantages in Andhra Pradesh and said, “We are focusing on agriculture and allied activities - horticulture, livestock, fisheries, dairy and poultry whose estimated growth rate for 2015-16 is 24 per cent with Rs. 1.87 lakh-crore against Rs. 1.43 lakh-crore in 2014-15.” n Andhra Pradesh, the Chief Minister said, the Government is working to strengthen the Self-help Groups (SHGs). “To improve dairy production, we are giving back-end subsidy on fodder cultivation,” he said. Andhra Pradesh has the advantage in the fisheries sector, the Chief Minister said, continuing the state stands at the top in shrimp production and wants to lead in exports of sea-food

6787 Rajasthan-based cotton yarn manufacturer Nitin Spinners’ board today approved a Rs. 300 crore expansion project to widen the range of its cotton products. “In order to further expand its product range and to establish leadership position in the market, the Board of Directors of the company have approved expansion project at an estimated cost of Rs. 300 crore for additions in the capacity of Ring Spinning & Rotor Spinning facilities at the existing location,” Nitin Spinners’ said in a BSE filing. The project is proposed to be financed partly through term loan and partly through internal accruals. The expansion project is eligible for interest subsidy on term loan for capital expenditure under Technology Upgradation Fund Scheme (TUFS) of Central Government and Rajasthan Investment Promotion Scheme, 2014.

6786 Inox Wind Ltd is pleased to announce the commissioning of the 220 Kv sub—station and transmission line at its Rojmal site in Gujarat,” the company said in a statement. The sub—station is part of the common infrastructure facility at the site and is capable of supporting power evacuation of 400 MW. Besides, Inox added, it has commissioned projects of a cumulative capacity of 116 MW for its clients Sembcorp Green Infra, Tata Power, and PSUs like Gujarat Alkalies and Chemicals Ltd. The commissioned projects will help in saving 0.17 million tonnes of coal and curtail 0.2 million tonnes of carbon dioxide emissions annually

6785 Essar Ports is planning Rs. 3,500 crore capital expenditure in the next three years as a part of its corporate expansion plans, Till date, the capital deployed by the company is about Rs.10,500 crore, He said that funds for the capital expenditure would be raised from debt and equity, at the ratio of 70:30. For upgrading port infrastructure at Salaya terminal around Rs.350 crore would be invested in the coming months. Paradip coal terminal would require about Rs.850 crore and Hazira terminal expansion would cost about Rs.750 crore, to expand its capacity from 30 to 50 million tonnes. At Vizag coal terminal Rs.1,150 crore would be invested. The remaining funds would be used for other port-related infrastructure. Today, the cumulative cargo handling capacity of all the ports controlled by the company is about 120 million tonnes. Essar Ports plan to increase this to 140 million tonnes by the end of the current fiscal. The company is looking at handling 190 million tonnes of cargo by 2017, He also pointed out that the cargo handling capacity of all ports across the country is about 1,100 million tonnes, of which Essar Port's contribution is about 120 million tonnes. Essar Ports would be able to double its capacity at Vadinar, Salaya and Hazira terminals as and when the economy of the country picks up. Essar Ports is optimistic that the company's newly developed infrastructure would provide good returns in coming years.

6784 The Adani Group, a global integrated player, on Monday signed an MoU with the Chhattisgarh Government to develop two major projects there with an estimated investment of nearly Rs 25,200 crore. The two projects — a coal-to-poly generation (CTP) facility and a rice bran solvent extraction plant and refinery — are expected to provide employment to more than 5,500 people in the State. The first project, CTP, is being set up for the first time in India, based on coal-to-synthetic energy. It consists of ammonia/urea and Substitute Natural Gas (SNG) manufacturing complex using gasification of high ash coal sourced from within the State. The project cost is estimated to be more than Rs. 25,000 crore. It includes coal-to-urea, coal-to-SNG plant and coal-based-thermal power plant and is expected to generate around 5,000 jobs and substantial revenue to Chhattisgarh. It would help ensure energy security for India and drive macroeconomic growth through coal-based fuel. The rice bran solvent extraction plant and a physical refinery packing plant at Rajnandgaon, Chhattisgarh, is at an estimated investment of nearly Rs. 200 crore, with a potential to generate over 600 jobs in the State. The MoU was signed in the presence of Chhattisgarh Chief Minister Raman Singh and Adani Enterprises Ltd Managing Director Rajesh Adani, besides State Industry Minister Amar Agrawal and Chief Secretary Vivek Dhandh.

6783 Fast moving electrical goods maker Havells India has brought on stream a Rs.100-crore facility to make water heaters (geyser) at Neemrana in Rajasthan. Post the beginning of commercial operations, the company is looking at a four-fold jump in revenues from the segment to Rs.400 crore over the next two to three years. As of now, its revenues (from the segment) stand at Rs.100 crore. With the factory on-stream there will be 100 per cent import subsidisation. The cost benefit arising out of this will be passed on to the consumer, The Delhi-based company reported a consolidated turnover of around Rs.8,600 crore last fiscal (FY-15), including 40 per cent exports. It operates in 17 verticals that include switchgear, cables and wires, lighting and lighting fixtures, fans, consumer durables & appliances and LED lights. This apart, the company will also invest between Rs.100 crore and Rs. 200 crore as capex this fiscal for maintenance and ramping up existing facilities. Havells has 11 manufacturing facilities in India — across Baddi (Himachal Pradesh), Haridwar (Uttarakhand), Alwar and Neemrana (Rajasthan), Noida and Sahibabad (Uttar Pradesh) and Faridabad (Haryana).

6782 The company is a part of German engineering giant ThyssenKrupp AG. In India, it has a 6 per cent market share in the ₹8,500 crore elevator manufacturing business. Increasing demand Addressing a press conference, Bharat Vishnani, Managing Director of ThyssenKrupp Elevator (India), said that rapid urbanisation has led to massive demand in elevators, especially in residential buildings. India is also a major regional market and therefore, the company has decided to set up the unit at Pune. He said the company already has 62 regional offices and a head count of 2,200. Therefore, the upcoming facility will be used for reaching markets in India, Bangladesh and countries in the Middle East and North Africa region. Vishnani said that after China, India was a promising market with a year-on-year growth of 11 per cent. In BRICS countries, the Indian market was growing the fastest. The Centre is focused on building 100 Smart Cities, including new housing complexes, airports, malls, railway stations, and harbours, which is a huge opportunity for the company. The facility’s initial capacity of 6,000 units per year will be extended to 10,000 units per year by FY 2019-20. In addition, the company will establish a training academy for improving service efficiency in the field. Peter Allaart, Executive Vice-President of ThyssenKrupp Elevator AG, said the company has developed a futuristic elevator based on the magnetic levitation technology, which allows the motion of multiple elevators in the same shaft both vertically and horizontally.

6781 Balmer Lawrie & Co Ltd has planned around ₹400 crore capital expenditure in the next two to three years in its logistics business vertical. Prabal Basu, CMD, told reporters after its AGM here that the proposed multi-modal logistic hub at Visakhapatnam would see an investment of around Rs.220 crore and Rs.165 crore for setting up seven temperature-controlled warehouses across the country. Construction work for the logistics hub has begun in July and is expected to be ready by next July. The hub, which is being set up through a 60:40 joint venture with the Visakhapatnam Port Trust, will have a container freight station, warehouses including cold storages and railway sidings. VPT has provided 53.02 acres on lease as its equity in the joint venture – Visakhapatnam Port Logistics Park Ltd. Balmer Lawrie will make cash investment and manage the project. The company’s plan to set up temperature-controlled warehouses has been divided into two phases. In the first phase, one cold storage each is being set up in Hyderabad, Mumbai and the National Capital Region. In the second phase, four such cold storages would be set up. Land has also been acquired for the Mumbai and NCR cold chain projects. “During 2015-16, we have planned investment worth Rs.Rs 100 crore,” Basu said. Once operational, it would bring in annual revenue worth Rs.30-40 crore, he explained. Meanwhile, he said that the company has merged its logistics infrastructure and logistic services businesses into one to draw on synergy and saving costs. “This happened in August,” he said.

6780 The Tamil Nadu Chief Minister, J Jayalalithaa, today proposed setting up of a world-class Central Square here and announced a series of housing projects across the State. The proposed Central Square will come up near the Central railway station here, where various forms of rail transport, long distance, Mass Rapid Transport System and the under construction metro rail were converging, she told the state assembly. Further it was a key commercial area and the locality housed the government general hospital, Southern Railway headquarters and Corporation of Chennai. It also witnessed severe vehicular traffic congestion, she said. Therefore, to ensure seamless traffic, the government would set up facilities, including parking lots and pavement for pedestrians, with funding from the Chennai Metropolitan Development Authority, she said. “I am happy to announce that the areas around Rippon building, suburban railway terminal, Chennai Central railway station, Victoria Hall, government hospital, MRTS station and others will be developed as a world-class Central Square,”she said. The estimated funding of about Rs. 400 crore for this purpose would be financed by Chennai Metro Rail Corporation, she added. Jayalalithaa also announced new housing schemes for lower and middle income groups besides those for Group C and D employees of the State Government.

6779 Wonderla Holidays Limited announced an investment of Rs 250 crore in the next five years in Andhra Pradesh to set up an amusement park in Andhra Pradesh. The company inked an MoU with the Andhra Pradesh Government expressing its plans to set up a park and thereby help create 500 jobs after the first phase and 200 jobs in the second phase. According to a statement, Wonderla plans to build an amusement park on a 50-acre site between Guntur and Visakhapatnam. The project will be funded through internal accruals. “Andhra Pradesh is emerging as one of the key destinations for industrial investments and hence hosts a huge potential for our industry too. This partnership will help us strengthen our footprints in South India,” Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd, said in a statement.

6778 SJVN Ltd, the hydro-power generation company promoted by the Central Government, said it plans to set up 6,535 MW of capacity till 2021-22. The company's Chairman and Managing Director RN Misra said for this the company would invest close to Rs. 40,000 crore. The projects will have an average tariff of about Rs. 4-5.5 a unit, Misra added. Asked whether the company needs to raise funds for such an investment programme, Misra said, "For at least 2-3 years we don't need to go for any fund raising. Our financial health is good. We have cash reserves of Rs. 3,800 crore while our networth is Rs. 10,400 crore. Our current projects are generating a profit of Rs. 600-700 crore annually." On the issue of state distribution utilities, Misra said the company is able to sell the power it generates. "We have some outstanding amount from distribution utilities but it is not much of a concern," he said. The total outstanding dues of distribution utilities to SJVN is Rs. 1,132 crore which is owed by Himachal Pradesh's state distribution utilities, BSES Rajdhani, BSES Yamuna and Uttar Pradesh. Of this, Himachal Pradesh's utilities have the largest outstanding amount of Rs. 595 crore.

6777 The Odisha government on Tuesday approved seven new mega projects involving a total investment of ₹41,900 crore, official sources said. The projects, four in power, two in steel and one in aluminium sector, were approved at the High Level Clearance Authority (HLCA) chaired by Odisha Chief Minister Naveen Patnaik. The new projects will provide direct employment to 4,450 persons, said Industries Minister Debi Prasad Mishra, at the 16th HLCA meeting to consider the proposal of major investments.

6776 The Anil Ambani-led Reliance Group has said it will invest ₹6,500 crore in building a mammoth greenfield aerospace equipment manufacturing centre in Nagpur. Reliance Defence Ltd, a newly formed company of the ADAG Group, will set up assembly lines and manufacturing facilities of fixed wing aircraft, aerostructures for commercial transport aircraft, and helicopters for both defence and commercial use. The centre, to be called Dhirubhai Ambani Aerospace Park (DAAP), will also house ancillary and component manufacturing units to support after-sales requirements. On Friday, the Maharashtra Government allotted 289 acres in the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) SEZ to the Reliance Group. The land was given within 10 weeks of the company making a presentation to the State government. While speaking at the land allotment ceremony at Nagpur, Reliance Group Chairman Anil Ambani said: “The project at Mihan will be the largest Greenfield project not only in India but in South-East Asia. We are deeply committed to the defence sector.” According to the company, the site at Mihan was selected after an extensive survey across various States. “Mihan was selected over other sites because of its world-class facilities and infrastructure,” said a company statement. To be developed on the lines of a smart city layout, DAAP will be a one-stop hub for global aerospace requirements. The project will be India’s first integrated facility in aerospace structure, engine design and manufacture, fabrication and platform integration. Eye on defence Reliance Group is aggressively eyeing the defence sector seeking to capture a slice of the $100 billion worth of opportunities expected to come up as part of the Government's ‘Make in India’ programme. Reliance had recently acquired a controlling stake in Pipavav Defence and Offshore Engineering Company for about ₹819 crore. According to sources, Reliance has already bagged a deal from Russia to manufacture 200 Kamov 226T helicopters in India. This will be the third defence-related contract from Russia for the company. Earlier, Pipapav Defence bagged a contract to build Grigorivich frigates for the Russian navy.

6775 Sekhani Group has announced to invest ₹150 crore for setting up a manufacturing facility at Sanand in Ahmedabad district to make sanitary napkins under the brand name “Wonder Wings”. The facility is expected to create more than 1,000 jobs. Announcing its diversification plan, the company said that it has acquired 1 lakh square metre of land. The facility will have two fully automatic servo machines to produce 12 lakh pieces of sanitary napkins per day, Prakash Sekhani, Managing Director, said. “We intend to invest and add more facilities in a phased manner with an investment of ₹500 crores,” he said, adding his company’s target is to make 800 million sanitary napkins annually. This will be Group’s fourth factory in Gujarat, the other three being in the field of textiles. Wonder Wings also plans to setup facilities for manufacturing diapers for babies and adults, he added. He pointed out that only 15 per cent of the 45 crore menstruating women population in India use sanitary napkins. The Group also plans to tie up with the government, NGOs and others to create awareness on this issue.

6774 uzlon has commissioned 50.40-MW wind power turnkey project for Ostro Energy Pvt Ltd (owned by Actis). This is Ostro’s first wind power project in India. Located in Jaisalmer, Rajasthan and comprising 24 WTGs (Wind Turbine Generators) of 2.1 MW each, it is an integral part of Suzlon’s Jaisalmer wind park, billed to be the country’s largest wind park with a cumulative capacity over 1,300 MW. The Pune-based wind energy major is responsible for the entire project lifecycle, from development, construction to commissioning and has also been contracted to undertake operations and maintenance services of the project for 12 years. The project will provide electricity to over 28,000 homes and curb ~0.10 million tonnes of CO2 emissions annually, the company said in a statement. Ranjit Gupta, CEO, Ostro Energy, said: “The successful commissioning of our 50.40 MW Tejuva wind project signals our ambitious expansion plans in the renewable sector and is an important first milestone in Ostro’s journey to 800 MW of wind capacity. We see wind as a highly viable investment option with its techno-economic maturity and green credentials.” Ishwar Mangal, Chief Sales Officer, Suzlon Energy, added, “Clean energy solutions is fast becoming critical to the energy supply equation in India. We are delighted to extend India's wind energy footprint, drawing on our understanding of the energy sector.”

6707 Leading laboratory network SRL Diagnostics is planning to invest around Rs 100 crore to add 100 labs across the country by the end of 2016. SRL Diagnostics currently has 12 reference labs, four centres of excellence and close to 300 network laboratories. The company is also planning to create lab capacity in Africa, in countries such as Nigeria and Congo.

6706 Chambal Fertilisers has signed a pact with ONGC and the Tripura government to set up a urea plant in the state. The Department of Fertilisers would facilitate the setting up of the urea plant by taking up matters like allocation of gas and providing gas connectivity with the Petroleum Ministry.