Upcoming Projects in India

5093 Sun Pharmaceutical Industries And Glenmark Generics Have Got Approval From US Health Regulator To Sell Generic Versions Of Nervous System Disorder Treatment Drug Riluzole. The Approvals Were Given For Generic Riluzole Oral Tablets In The Strength Of 50 Mg. Riluzole Is Indicated For Treatment Of Amyotrophic Lateral Sclerosis. As Per IMS Health Sales Data For The 12 Month Period Ended March 2013, Riluzole Had Garnered Sales Of USD 64 Million In The US Market. Sun Pharmaceutical Industries Limited Is An Indian Global Pharmaceutical Company.

5092 The Acute Scarcity Of Natural Gas And High Cost Of Imported LNG Have Taken A Toll On Essar Energy's Power Business, Forcing The Company To Take The Decision To Convert Two Gas-Fired Plants At Hazira And Bhander In Gujarat Into Coal-Based Units. In A Press Release, The Company's CEO Naresh Nayyar Said, "These Plants Were Commissioned On APM Gas, But As There Is No Availability Of Either APM Gas Or Allocation From KG-D6, We Have Been Using Costly LNG At An Average Rate Of $12-18 For The Past 2-3 Years, Which Is Becoming Uneconomical. So, We Will Be Switching To Coal. The Full Conversion Will Take Three Years,” Essar Energy Is An Indian-Focused Energy Company With Assets In The Existing Power And Oil And Gas Businesses.

5091 In Order To Provide Financial Inclusion Of People From Remote Areas In The State, Maharashtra Will Get Around 15,000 Micro-Atms From Centre. As Many As 20,000 Business Correspondents (Bcs) Will Be Appointed For The Purpose Of Taking Banking To The Doorstep Of The People In Remote Areas By Allowing Them To Do Transactions At Point Of Sale Or Pos. The Four Aadhaar-Enabled Basic Types Of Banking Transactions Can Be Done Through Micro-Atms Are Balance Enquiry, Cash Withdrawal, Cash Deposit And Aadhaar To Aadhaar Funds Transfer. This Assurance Of Micro Atms Was Given By Nandan Nilankeni, Chairman Of The Unique Identification Authority Of India. 50 Per Cent Of Aadhar Card Machines In The State Will Be Shifted From Schools To Housing Societies To Facilitate The Penetration.

5090 Coal India Ltd Would Place Orders Worth Rs 2,000 Crore For At Least Seven Coal Washeries By The Current Fiscal. The Contract For Seven Coal Washeries Would Be Placed By This Fiscal With Washing Capacity Of 15-16 Million Tonnes (MT) Of Coal. Agreement For Two Washeries Had Already Been Signed And Two More Would Be Signed Shortly. The Company Has 17 Washeries With An Installed Capacity Of 34 Million Tones. The Investment Is Over And Above The Rs 5,000 Crore Capex The CIL Proposes To Infuse During The Current Fiscal For Purchasing Equipment, Land, Railway Siding, Etc, Excluding Acquisition.

5089 Realty Firm CHD Developers Will Invest About Rs 150 Crore To Develop A Commercial Project In Gurgaon. The Company Has Recently Acquired About 2 Acres Land On Dwarka Expressway For Rs 25 Crore To Develop The Commercial Project 'CHD Sky One' Comprising One Lakh Sq Ft Area. The Company Has Already Got All The Approvals To Develop This Land. CHD Has Roped In Pei Cobb Freed And Partners Architects LLP, Which Designed The Bank Of China, For This Project. The Company Plans To Tie-Up With A Leading International University For Learning Centre In This Project. With Object To Offer Short Term Courses, Executive And Distance Learning Programmes. The National-Capital Based CHD Developers Is Currently Developing Projects At Gurgaon, Karnal, Vrindavan And Haridwar.

5088 Larsen And Toubro Has Been Making Defence Equipment Since Last Three Decades, Is Aiming To Build An Order Book Rs 2000 Crore Over Next Two Years. The Company Is Having Presence In Defence Equipment Space For 3 Decades. The Company Was Working Closely With DRDO For Building Defence Equipment. At Present, The Company Is Building 54 Interceptor Boats For Indian Coast Guard. The Company Has Placed Bids For Four Contracts From The Indian Coast Guard Worth About Rs 4,000 Crore For Supplying Training Ships And Support Vehicles, The Orders Of Which Are Likely To Be Finalized In The Next Six Months. L&T Is A Technology, Engineering, Construction, Technology, Manufacturing And Financial Services Company

5087 Oil And Natural Gas Corporation Has Signed A Contract To Hire A Long-Idled Ultra- Deepwater Drillship Of US-Based Transocean For USD 412,000 (About Rs 2.39 Crore) Per Day. Transocean Had Quoted A Dayrate Of USD 512,000 In The Re-Tendering Process But ONGC Was Able To Beat The Prices Down Since The Rig Had Been Moored In Singapore Since September Without A Contract. ONGC Plans To Use The Rig To Appraise Discoveries It Had Made In A Krishna Godavari Basin Block KG-DWN-98/2, Which Sits Next To Reliance Industries' Production KG-DWN-98/3 Or KG-D6 Gas Blocks. ONGC Has Planned Eight Wells On The Block This Year.

5086 Tata Steel Has Secured A Long-Term Agreement To Supply Aerospace Steels To Safran Group, The World-Class Manufacturer Of Aircraft, Rocket Engines, Propulsion Systems And Aircraft Equipment. It’s A Five-Year Agreement, Gives Responsibility Tata Steel For Supplying All Aspects Of Safran’s Aircraft-Quality Steel Requirements Worldwide, Including Remelted Steels, Both Direct To Safran Group Companies And To Its Subcontractor. Mark Broxholme, Managing Director Of Tata Steel's Speciality Steels Business, Which Produces The Company's Range Of Aerospace Steels, Said: "We Have A Long And Successful Record Of Supplying Aerospace Quality Steels Into The Safran Group

5085 Eurocopter Enters In A Partnership With Ramco Systems. Both Companies Will Join Forces To Offer State-Of-The-Art Helicopter Maintenance Software Which Will Ease The Life Of Operators And Maintenance Centers. Eurocopter And Ramco Systems Will Offer Additional Mobility And Functionality For The Collection And Treatment Of MRO-Related Data, Thereby Providing Highly Effective And Cost-Efficient Fleet Management Services That Are Affordable And User Friendly For All Operators - Including Those With Smaller Numbers Of Helicopters. The Ramco-Eurocopter Cloud Based MRO Software Addresses The Unique Needs Of Smaller Operators, Mros And Camos, Which Until Now Had To Either Run On Disparate Point Solutions Or Operate Manually Using Paper/Excel To Track Maintenance And Manage Safety And Regulatory Compliance. Ramco Systems Limited Is A Software Products And Services Provider Incorporated In India. Ramco Systems Is A Provider Of Aviation Maintenance & Engineering (M&E) And Maintenance Repair & Overhaul (MRO) Software.

5084 Bharti Airtel Will Invest Additional $125 Million In African Country Gabon On Commercial And Social Programmes. The Investment Of $125 Million Was Announced By Company On The Sidelines Of The New York Forum Africa, Held In Libreville, Gabon. Airtel's Managing Director And CEO International, Manoj Kohli Said, "We Are In Gabon For The Long Haul And Will Support Both Commercial And Social Programmes. These Include The Deployment Of 3G And 4G Network, When Made Available, To Help Businesses And The Youth Access World Class Data Services,". In Additiona, The Company Plan To Develop Training Programs On ICT Business In Collaboration With Local Training Schools.

5083 Welspun Energy Has Tied-Up Finances For A 20 MW Solar Project It Is Setting Up In Maharashtra With An Investment Of Rs 180 Crore. Leading Financial Institutions Have Committed To A Long Term Project Funding Of Rs 135 Crore, With Debt And Equity Elements Sourced In A Ratio Of 75:25. Welspun Energy Had Signed An Mou With Brihan Mumbai Electric Supply And Transport Undertaking (BEST ) For Supplying Green Energy To Mumbai City. With Its Commissioning, 28 Million Units Of Clean And Efficient Solar Energy Will Be Supplied To BEST Annually. This Will Be The First Project Executed By Welspun Energy In Maharashtra. The Company Has Also Been Awarded 32 MW Capacities By Punjab Energy Development Agency.

5082 Wipro Has Secured Large Technology Outsourcing Contract Worth About $500 Million From Citigroup. Under The Contract, Wipro Will Provide Application Development And Maintenance, And Infrastructure Services For Citi's Global Operations. Wipro Will Also Set Up A Large Offshore Delivery Centre In Bangalore Under The Said Project, To Exclusively Provide Services To Citi. Wipro Limited Is An Indian Multinational Information Technology (IT) Consulting And Outsourcing Service Company.

5081 Steel Authority Of India Is Planning To Spend Rs 3,800 Crore In Making Projects Eco-Friendly. The Projects Would Be Implemented In Its Iron Ore Mines And Were Expected To Be Complete By 2014-15. The Projects, Which Are The Key Components Of Over Rs 10,000-Crore Modernisation And Expansion Programme, Aim To Enhance Production Capacity From The Present 18 Million Tonnes (Mt) To 39 Mt By 2015-16 With Lesser Impact On The Nature. The Projects Would Include Improvement In Ore Processing For Zero Discharge, Minimising Generation Of Tailings, Reduction In Use Of Water And Land. Apart From This, SAIL Planned To Install A Rs 45-Crore Tailing Dam Slime Beneficiation Plant And A Rs 17-Crore Water Reclamation Unit At Kiriburu Mine In Jharkhand. A Similar Project Is Being Set Up At Bolani Mines In Odisha For Rs 8 Crore. Barsua (Odhisha) Mine Is Working On A Project To Utilise Iron Ore Wastes. At Chiria Mines (Jharkhand), SAIL Planned To Set Up An Ore Processing Unit Far Away From The Mines.

5080 Apollo Gleneagles Hospitals Has Joined The Preferred Provider Network (PPN) Initiative Of The PSU General Insurance Companies. In Order To Mark The Joining The Company Has Inked A Memorandum Of Understanding (Mou) With General Insurance Public Sector Association. Apollo Gleneagles Hospitals Is A Joint Venture (JV) Between Apollo Hospitals And Parkway Holdings. Preferred Provider Network Is An Initiative By PSU Insurance Companies -- New India Assurance Company, National Insurance Company, United India Insurance Company And Oriental Insurance Company -- Wherein Cashless Facility Is Provided Only In PPN Hospitals Through Tpas.

5079 Government May Initially Infuse Rs 1,000 Crore In The Proposed Telecom Finance Corporation (TFC) To Address Funding Challenges Facing The Sector. The Authorised Capital Is Proposed As Rs 10,000 Crore, Out Of Which The Initial Paid Up Capital Shall Be Rs 1,000 Crore. The Initial Equity Capital Is Proposed To Be Sought Through Budgetary Support. Initially, The Government Of India Will Have 100 Per Cent Shareholding In TFC. TFC Is Proposed To Be Set-Up On The Lines Of Sectoral Finance Bodies Such As Power Finance Corporation And Tourism Finance Corporation Of India. As Per The Plan, TFC Will Be Registered As Non-Banking Financial Corporation And Non Deposit Infrastructure Finance Company. TFC Will Look In To Financing Need In The Sector Mainly Related Spectrum, Network Roll-Out And Telecom Equipment Manufacturing. The Cabinet Has Already Approved The Creation Of TFC Under The National Telecom Policy 2012. It Will Aim At Mobilising And Channelising Funds For Telecom Projects.

5078 Godrej Properties Ltd Has Entered Into A Development Agreement With Southend Infrastructure Pvt. Ltd To Develop A Five-Acre Property At Okhla Phase I In Delhi. The Company Will Develop A Luxury Residential Group Housing Project. Godrej Properties And A Consortium Of Global Investors Led By Dutch Pension Services Provider APG Have Set Up An Investment And Development Platform That Will Pump In About Rs.770 Crore In Residential Projects. Godrej Properties Is A Realty Firm Of Godrej Group, Promoted By Godrej Industries And Godrej & Boyce Manufacturing Company. It Is One Of The Leading Real Estate Development Companies

5077 Solitaire Machine Tools Limited Has Bagged Orders Worth Around Rs 5 Crore For Newly Developed Grinding Machines From The Two Major Auto Ancillary Manufacturers. Solitaire Machine Tools Limited Is A Leading Manufacturer Of Precision Centerless Grinders.

5076 Bharat Heavy Electricals Is Estimated To See A One-Time Expenditure Of About Rs 870 Crore Related To The Proposed Amalgamation Of Bharat Heavy Plate & Vessels With Itself. The Proposed Amalgamation Of Visakhapatnam-Based Bharat Heavy Plate & Vessels Ltd With The Company Is Projected To Result In A One-Time Expenditure Of Rs 869.92 Crore, According To A Notice Sent By BHEL To Its Shareholders Seeking Approval For The Scheme. The Merger Will Facilitate Bharat Heavy Plat & Vessels (BHPV) To Become A Unit Of BHEL. BHPV Would Be Able To Participate In Tenders, Obtain Orders And Attract Best Vendors For Procuring Materials/Capital Goods

5075 Sadbhav Engineering Ltd Has Been Selected As Successful Bidder For A Project Value Of Rs 64.64 Crores By Delhi Metro Rail Corporation Ltd. The Works Under Project Involves, Civil Works For Construction Of Depot Cum Workshop, RCC Elevated Ramp, Boundary Wall, Land Development Works Etc At Badli For Jahangir Puri- Badli Corridor (Extension Of Line- 2) Of Phase-Lll Of Delhi MRTS. Sadbhav Engineering Limited Is A Civil Engineering Construction Company.

5074 IL&FS Transportation Networks Has Signed The Concession Agreements With The Concerned Authorities For The Following 3 Projects - Kiratpur Ner Chowk Section Of NH 21 Of 90.175 Kms In The States Of Punjab And Himachal Pradesh, Beawar Gomti Section Of NH 8 Of 88 Kms Of The Total 116 Kms (Capacity Augmentation) In The State Of Rajasthan And Sikar Bikaner Section Of NH 11 Of 237.57 Kms In The State Of Rajasthan. The Commencement Of Work Was Pending Due To Receipt Of Clearance From The Forest Department.But Now The Forest Advisory Committee Of The Ministry Of Environment & Forest, Government Of India At Their Meeting Have Provided Clearance For Commencement Of Work For All The Aforesaid Projects. IL&FS Transportation Networks Ltd Is One Of The Largest Private Sector BOT Road Operators In India.

5073 Amway India Enterprises Pvt Ltd Plans To Invest Rs 400 Crore In The First Phase Of New Manufacturing Facility At Nilakottai In Tamil Nadu. Amway India Managing Director CEO William S Pinckney Said In A Release, "We Are Looking To Complete The First Phase Of Construction Activity By 2014-End To Enable A Launch Of This Facility By Early 2015, While The Later Element Of The Project Will Be Completed By End Of 2015," Amway India Enterprises Is A Wholly-Owned Subsidiary Of US-Based Amway Corporation. The New Facility Will Consist Of Nine Production Lines For Nutrition, Cosmetics And Oral Care Products Including Four Lines For Nutrition Supplements, Two Lines For Protein Supplements, Two Lines For Cosmetics And One Line For The Glister Toothpaste.

5072 Projects Having Rs 7 Lakh Crore Bank Funding Stuck For Various Reasons, Prime Minister Manmohan Singh Has Directed The Setting Up Of A Special Group To Fast-Track Them And It Is Expected To Clear Up To 40 Such Projects By Next Month. At The Meeting Chaired By The Prime Minister Earlier This Month, Finance Minister P Chidambaram Said His Ministry Has Compiled A List Of About 215 Such Projects, Where The Banks Have Already Funded More Than Rs 7 Lakh Crore. The Finance Minister Highlighted Time And Cost Overruns Being Faced By These Projects, As Well As The Action Required To Remove The Implementation Bottlenecks. Commerce Minister Anand Sharma Had Stated That His Ministry Has Done A Compilation Of Projects In The Manufacturing Sector, Which Are Stalled Due To Various Inter-Agency Bottlenecks. He Also Emphasised The Need To Sensitise State Governments So As To Elicit Their Cooperation. The Cabinet Secretary Said The Cabinet Secretariat Has Prepared An 'Online CCI Projects Tracking System' Portal For Tracking Projects Of Over Rs 1,000 Crore.

5071 Mahindra Satyam Has Entered Into A Strategic Alliance Agreement With Collabnet To Jointly Develop And Deliver Enterprise Cloud Development, Agile And Devops Solutions In The Cloud Services Space. Mahindra Satyam And Tech Mahindra Will Work Together With Collabnet Under This Agreement. Collabnet Is A Developer Of Software Development And Application Lifecycle Management Tools. Collabnet’s Teamforge ALM Platform Aligns With Mahindra Satyam And Tech Mahindra’s Vision To Drive Value For Enterprise IT Organizations Via Cloud-Based Approaches. Both The Companies Will Resell Collabnet’s Teamforge And Cloudforge Products And Services, As-Well-As Its Agile Training Services Throughout Asia. Mahindra Satyam Is IT Services Company

5070 Apollo Group Of Hospitals Will Spend Rs 2,200 Crore On Expanding Its Facilities And Will Add 2,700 Beds In The Next Three Years. Sangita Reddy, Executive Director Of The Group, Said Ina Press Release, “We Are Going To Spend Part Of This On Expanding Our Facility In Mumbai And Opening Apollo Clinics There. Of The Planned Outlay, We Will Spend About Rs 800-Rs 1,000 Crore In The Next 12 Months”. The Hospitals Have Seven Such Facilities Now And Eight More Are Under Construction.It Has Four Cradle (Mother And Child-Care Hospitals) Hospitals Now, And Plan To Add Six More In Two Years. Apollo Hospitals Is A Major Hospital Chain , It’s A Private Healthcare Provider In Asia With Hospitals In India, Sri Lanka, Bangladesh, Ghana, Nigeria, Republic Of Mauritius, Qatar,Oman And Kuwait.

5069 Sagar Cements Ltd Will Invest Rs 120 Crore In Laying A Private Railway Line To Improve Its Market Reach And Cut Freight Costs. This 7-Km Railway Line Will Connect Its Plant, Near Matampally In Nalgonda District Of Andhra Pradesh, With The Main Railway Line. For Tthis Project, Rs 98 Crore Is To Come From Debt And The Remaining From Internal Accruals Of The Company. The Line Is Expected To Be Completed By FY2015 And Dispatches By Rail Are Expected To Go Up 20% Thereafter.

5068 Indiabulls Plans To Set Up Offices In Other GCC Countries Soon. The Plan Includes Opening Up Of Representative Offices In Saudi Arabia And Bahrain By Year End. The Company Has Also Formalised Strategic Alliances With Banks And Financial Institutions To Offer Home Loans To The Indian Expatriates In The Region Interested In Investing In Their Projects. The Projects Are Equipped With Top Of The Line Amenities And Are Built With Superior Construction Quality Standards. The Company Has Now Concluded Similar Alliances With Banks And Financial Institutions In UAE, Oman And Kuwait To Offer Home Loans To The NRI Community Alongwith Providing Personal Loans From Local Financial Institutions. Indiabull Is Engaged In The Real Estate, Infrastructure, Financial Services, Securities , Retail, Multiplex And Power Sectors

5067 Private Sector Lender Indusind Bank Has Tied Up With Western Union Business Solutions. Western Union Business Solutions Is A Unit Of The Western Union Company, Which Will Provide Technology Platform For Effecting Foreign Exchange Payments For Small And Medium Enterprises (Smes) In India. Ramesh Ganesan, Executive Vice President, Indusind Bank Said, “The Larger Corporate Houses Manage To Get The Best Deals For Their Remittance Transactions, It Has Been Seen That The SME Segment Do Not Get The Same Level Of Services. We Are Confident That This Technology Offering Will Help Us Bring Delight To This Segment Of Customers”.

5066 Global Offshore Services' Vessel M.V. Everest, Operated By The Company's Wholly Owned Subsidiary, Garware Offshore International Services (GOISPL) Has Been Awarded A 4 Year Firm Contract. The Annual Value Of The Contract Is Approximately Rs 28.45 Crore. GLOBAL OFFSHORE SERVICES LTD Engaged In Business Of AHTSV. The Company's Vessels Are Working In Various Markets Including India, Europe And Far East.

5065 Havells India Plans To Diversify Into Healthcare By Setting Up A Chain Of Hospitals At An Investment Of About Rs 1,000 Crore Over The Next Five Years. The Group Has Been Running A Tertiary Hospital In Faridabad Since 2007 And Now Plans To Expand In The Sector Under The 'QRG' Brand. The Group's Geographical Focus Would Be On North India--Particularly The Cities In And Around The National Capital Region Along With Ludhiana , Agra , Jaipur , Among Others, Where It Would Soon Start Scouting For Suitable Locations. The Company Is In The Process Of Establishing A 450-Bedded State Of The Art Super-Specialty Facility In Faridabad, Which Should Be Commissioned By September. This Facility Would Be Called QRG Health City, It Would Built With An Investment Of Close To Rs 270 Crore.

5064 National Aluminium Company Limited (Nalco), Has Set Up Its 2nd Wind Power Plant At Ludarva In Jaisalmer District Of Rajasthan. The Capacity Of Power Plant Is 47.6 MW. One Part Of The Project Has Been Commissioned Successfully And Power Production Has Commenced From 18 Wind Energy Generators. The Second Project Is Being Executed Through Gamesa Wind Turbines, Which Involves Erection Of 56 Wind Turbines, Each Of 850 KW Rating. This Is The Second Green Initiative Of Nalco Towards Promoting Sustainable Development By Harnessing The Unconventional And Renewable Energy Sources, Which Would Credit The Company With Incentives From The Government. The Project Is Scheduled To Be Completed By August 2013. The Company Is Also Planning To Set Up A Wind Power Plant At Its Own Mined Out Area Of Panchpatmali Bauxite Deposit In Koraput.

5063 S.Oliver Will Invest 20 Million Euro (Over Rs 150 Crore) To Set Up 200 Points Of Sale By 2016 To Expand Its Presence In The Indian Market. The Company Also Plans To Introduce The S.Oliver Junior Line (Kidswear) Range In October 2013 To Strengthen Its Product Portfolio In India. S.Oliver Bernd Freier Gmbh & Co.KG CFO Thomas Steinhart Said: "India Is A Challenging Market With A Lot Of Potential. It Gains A Significant Importance For Our Global Portfolio And Will Be In Focus Of Our Expansion Plans In The Next Years. To Expand Business In India, The Company Will Focus On Northern India Such As Delhi NCR, Punjab, Rajasthan, Uttar Pradesh And Uttarakhand. S.Oliver Is A Fashion Company, Sells Apparel, Shoes, Accessories, Jewellery, Fragrances And Eyewear.

5062 Kellton Tech Solutions Has Been Awarded An Integrated Security Solution Contract Worth Rs 27.25 Crore. The Contract If For The Design, Supplies, Installation, Commissioning And Maintenance Of Access Control Systems At Kandla Port Trust (KPT). The Scope Of Work Includes Installation, Integration, Configuration, Management And Monitoring Of Security And Surveillance Infrastructure Like Personal Access Control, Vehicle Access Control, Network Backbone, Perimeter Surveillance, CCTV And Custom Software Solutions. Kellton Tech Is A Global IT Company With A Portfolio Comprising Of An Exhaustive List Of IT Services In The Web, Mobile, Security, ERP And Cloud Space

5061 JK Paper Ltd Plans To Commission Its Rs 1,700-Crore Expansion Project In Rayagada, Odisha By August As It Gears Up To Consolidate Its Speciality Paper Business. Santosh Wakhloo, Vice-President, Sales And Marketing, JK Paper Said , “The Expansion Project, Which Adds A Capacity Of 1.65 Lakh Tonnes Of Paper A Year, And Pulping Capacity Of 2.15 Lakh Tonnes, Will Enable The Company To Augment Rs 800-850 Crore In Revenues In A Full Year Of Operation.” JK Paper Ltd Is A Leading Paper Manufacturing Companies / Mills In India, Offering A Wide Array Of Paper Products And Premium Packaging Board.

5060 Coal India Is To Spend Rs 340 Crore In Mozambique, After The Encouraging Results From The First Round Of Exploration At Mozambique Coal Blocks. The Company Has Placed Order With Tribeni Earth Movers, The Same Company That Undertook The First Round Of Exploratory Investigation At The Block. The First Round Of Exploration Will Arrive At The Company's Testing Facility In India Soon. In The Second Round, CIL Will Drill 30,000 Metres On The Block Drilling Between 100 To 150 Boreholes. The Third Round Of Exploration Will Involve Drilling Another 35,000 Metres And We Hope To Complete The Entire Process, Analyse And Ascertain The Reserves In About A Year And A Half. Following That It Will Apply For All The Clearances And Appoint A Mine Developer.

5059 Construction Company IL&FS Engineering And Construction Company Limited Has Received A Letter Of Award (Loa) For The Construction Of Elevated Viaduct For The Phase-II Of Rapid Metro Rail Gurgaon (RMRG) Project Worth Rs. 266.50 Crore. Completion Period Of The Project Is Two Years. The Contract Work Includes Construction Of Single And Double Track Elevated Viaduct For Rapid Metro Rail Gurgaon Limited (RMGL), A Special Purpose Vehicle (SPV) Formed For The Implementation Of The Project. The Company Has Already Executed Phase-I Of The RMRG Project Running A Length Of 5.9 Km That Involved Design And Construction Of Single And Double Track Elevated Viaduct Including Six Elevated Station Buildings.

5058 Abu Dhabi Gas Industries Has Approved Essar Steel As A Vendor For Supply Of High-Grade Pipes And Plates. GASCO Is Engaged In The Extraction Of Natural Gas Liquids From Associated And Natural Gas Having 5,500 Million Standard Cubic Feet Of Feed Gas Per Day Processing Capacity. The Company Has Already Have Approvals From Shell Global, ENI, Socar And Ecopetrol Among Others In The Global Oil And Natural Gas Industry. Essar Steel CEO (Pipe Mill), Mr. H S Bedi Said, “This Approval Is A Matter Of Pride For Us And Is A Reflection Of Essar Steel's Integrated Capability To Produce World Class Pipes In Order To Cater To The Wide Range Of Pipe Products Manufactured Through Various Routes”. Essar Steel Is One Of The Leaders In The Country And Abroad In The Steel Sector.

5057 GAIL (India) Limited And The Shipping Of Corporation India Limited (SCI) Signed A Memorandum Of Understanding (MOU) To Cooperate For The Transportation Of LNG Sourced By GAIL From USA. Under The Mou, Both GAIL & SCI Will Cooperate For Transportation Of 5.8 MTPA Of LNG Being Sourced By GAIL From Sabine Pass And Cove Point Terminals In USA. The Cooperation Would Include SCI Assisting GAIL In The Charter Hiring Of LNG Ships And GAIL Assigning Step-In Right To SCI In The Ownership Of LNG Ships. GAIL Chairman B C Tripathi Said, “We Expect That This Partnership Will Enable Faster Development Of In-House Fleet Operations Capabilities For The Company”.

5056 Tata Power Co. Ltd Has Won A Contract To Develop Coal-Fired Thermal Power Plants In South Vietnam Against Competition From South Korean And Russian Companies. The Order Has Been Secured From The Government Of Vietnam For Execution Of Long Phu 2 Project, Based On Pre-Feasibility Studies. The Project Will Be Implemented With An Installed Capacity Of 1,200MW (2X660 MW). The Project Would Cost More Than Rs 10,000 Crore. Generally, Power Projects Are Funding In A Debt To Equity Ratio Of 70:30. It Takes Nearly 36-40 Months To Commission A Project After Acquiring Land And Other Regulatory Permissions. The Company Will Now Need To Complete Financial Closure And Draw Up A Power Purchase Agreement; Also Company Is Preparing An Mou. The Vietnam Project Would Be First Coal-Based Project For The Private Player Outside India

5055 PVR Plans To Invest About Rs 250 Crore This Year For Adding About 90 New Screens And Towards Rebranding Of Some Of Cinemax Theatres. PVR Chairman And Managing Director Ajay Bijli Said, "We Have Been Studying And Cherry-Picking Some Of The Properties. In Phase I, We Have Picked Up 7-8 Cinemax Properties That We Will Rebrand. These Properties Are Located In Cities Like Delhi, Bangalore And Hyderabad, Bijli Said, Adding That Gradually The Cinemax Brand Will Be Phased Out. According To Cinemax's Website, It Has 39 Properties, 138 Screens And 33,522 Seats. In Mumbai Alone, It Operates At 14 Locations. Priya Village Roadshow (PVR) Cinemas Is One Of The Cinema Chains In India.

5054 VA Tech Wabag Has Secured An Order Worth Rs 114.85 Crore By Chennai Metropolitan Water Supply And Sewage Board. The Order Is For Construction Of Pumping Stations And Pipeline Works For Providing Comprehensive Water Supply And Sewerage Scheme For The Residents Of Sholinganallur- Karapakkam On The Old Mahabalipuram Road (OMR) In Chennai City Under Chennai Mega City Development Mission Project. The Completion Of The Project Is Scheduled For 24 Months For Water Supply Scheme And 30 Months For Sewerage Scheme. VA Tech Wabag Gmbh Engaged In Business Of Water Treatment For Municipal And Industrial Users.

5053 National Mineral Development Corporation Has Signed A Memorandum Of Understanding (Mou) With Mosi Oa Tunya Developent Company Of Zimbabwe For Participation In Mineral Projects. NMDC Plans To Develop Mineral Assets Overseas To Secure Raw Materials For The Steel Industry. MOSI, An Organisation, Ministry Of Tourism And Hospitality Hndustry, Government Of Zimbabwe Has Invited NMDC As A Strategic Partner To Invest In The Exploration And Development Of The Iron Ore, Coal, Gold And Chrome Tenements.

5052 National Aluminium Company (Nalco) Is Planning To Augment Additional One Million Tonnes Per Annum (MTPA) Capacity By 2016 To Its Existing 2.1 MTPA Alumina Refinery In Odisha For About Rs 4,570 Crore. The 1 MTPA Expansion Of Nalco's Existing Alumina Refinery Will Get Bauxite From Pottangi Mines In Odisha, Which Has A Reserve Of About 65 Million Tonnes (MT). The Company Has Already Received In-Principle Approval For Mining Lease From The State Government For The Mine And Has Plans To Begin Production Simultaneously With The New Capacity At The Alumina Refinery. The Mine, At Its Existing Reserve Levels, Can Produce Bauxite Till 2036. Nalco Is Asia's Largest Integrated Aluminium Maker, Having Captive Bauxite Mines, Alumina Refinery, Aluminium Smelter And Casting, Power Generation, Rail And Port Operations

5051 Tech Mahindra Have Bagged A $20-Million (Rs 112-Crore) Greenfield Implementation Deal From Surfline. Surfline Is A One Of The Newest Entrants To Ghana’s Wireless Broadband Space. Under The Deal, Tech Mahindra Will Develop, Set Up And Manage The IT Services Capabilities Required For The Roll-Out Of Surfline’s Offerings. The Multi-Year Contract Has A Managed Services Component Built Into It. Ghana’s National Communication Authority Had Selected Surfline And Three Other Companies For Broadband Wireless Access (BWA) Licences In The 2500-2690 Mhz Band. Tech Mahindra Limited Is An Indian Provider Of Information Technology (IT), Networking Technology Solutions And Business Support Services (BPO) To The Global Telecommunications Industry. Tech Mahindra Is A Part Of Mahindra Group Conglomerate.

5050 L&T Construction’s Transport And Infrastructure Business Has Bagged An Order Of Rs 6,700 Crore From The Dedicated Freight Corridor Corporation Of India (DFCCIL). This Order Has Been Secured By A Consortium Of Larsen And Toubro Ltd And Sojitz Corp., Japan. The Contract Is EPC Basis Which Involves Construction Of 626 Km Of A Double Track Corridor From Rewari In Haryana To Iqbalgarh In Gujarat, Via Rajasthan, Spanning Three States. This Project Will Be Funded By Japan International Cooperation Agency (JICA) And Is Part Of The 1,490 Km Western Corridor Proposed Between Dadri (Near Delhi) And Jawaharlal Nehru Port Trust (Near Mumbai). The Scope Of Work Includes Construction Of 1400 Track Km Of Railway Line, 50 Major & 1250 Minor Bridges, 20 Stations Along With Supply Of All Associated Equipment. The Project Has Been Planned To Be Executed Using Completely Mechanized Means Of Track Linking Using The Latest Technology In Railway Construction. The Project Is Expected To Be Completed In Four Years.

5049 Power Grid Corporation Today Signed An Agreement With Six North-Eastern States, Including Assam, Meghalaya, Mizoram, Manipur, Nagaland And Tripura. Under The Agreement, Power Grid Provides Its Technical And Managerial Support For Improvement In Their Respective Intra- State Transmission And Distribution Systems. These Projects Will Improve Grid Connectivity And Enhance States' Capability To Supply Power To Larger Section Of Consumers With Economy And Reliability. The Total Aggregate Estimated Project Cost Is Rs 8,150.07 Crore, 85% Will Be Covered By Loan From World Bank, While, States Shall Be Contributing 5% Of The Cost As Equity. The Remaining 10% Of The Cost Will Be Provided By Centre.

5048 Jawaharlal Nehru Architecture And Fine Arts University Has Signs Agreements With Leading Animation, Gaming, Film And Special Effects Training Institutes. Agreement Is Offering Bachelor Of Fine Arts In Three Streams Of Animation And VFX (Special Effects), Digital Media And Animation And Gaming. Each Of The Streams Will Have 40 Seats. The University Renewed A Memorandum Of Understanding With Annapoorna International School Of Film And Media. The Institute Will Offer Four-Year Undergraduate And Two-Year Postgraduate Degrees In Advertising And Digital Marketing; Journalism And Public Relations; Graphic And Multimedia Design; And Photography And Digital Imaging

5047 The Government Is Planning Several Ropeways In An Effort To Boost Tourism In Three Regions Of Jammu And Kashmir. Work On Several New Projects Like Cable Car Projects From Peerkho To Mahamaya, Mahamaya To Shahabad In Bahu Fort And One At Patnitop Are In The Pipeline, Besides An Artificial Lake Close To Tawi River Are Under Progress. Tourism Is One The Major Economic Activities In The State And Lakhs Of Pilgrims Come To Visit The Vaishno Devi And Amarnath Shrines, Apart From Visiting The Beautiful Spots In Jammu, Srinagar And Ladakh Regions

5046 IT Services Firm Mahindra Satyam Today Said It Has Bagged A Multi-Year Managed Services Contract With Bridgestone Europe. Mahindra Satyam Will Work On SAP-Based Mission Critical Applications For Bridgestone Europe. Under The Contract, Mahindra Satyam Will Support Bridgestone In Sales, Planning Procurement And Finance Functions. Mahindra Satyam Has Been Working With Bridgestone Since 2005 In Providing IT Application Development And Support Services. Mahindra Satyam Is A Part Of The Mahindra Group Which Is One Of The Top 10 Industrial Firms Based In India.

5045 Multiplex Chain Wave Cinemas Plans To Scale Up Its Business Into Untapped Territories Of Uttar Pradesh, Punjab, Jammu, Rudrapur And Haridwar By Adding 200 Screens By The End Of 2015. The Cinema Chain Known For Introducing The Multiplex Concept, Began Its Commercial Operations A Decade Back But Has Established Just 32 Screens Across India. Mr. Yogesh Raizada, Corporate Head, Wave Cinemas Said, Now We Are Looking At Expanding Our Presence Aggressively And Our Plan To Enter The Niche Areas Where The Multiplex Culture Is Not Much Evolved. Wave Cinemas Is One Of The Major Film Exhibitors. The Company Is Part Of The Chadha Group.

5044 In A Sign Of Thawing Investment Climate In Europe, Britain's Nodal Railway Company Network Rail Has Chosen Tata Consultancy Service, Cognizant And Three Other Companies To Design, Build And Manage Its IT Infrastructure. The Size And Breakup Of The Deal Was Not Announced. Estimation Of The Deal Is About £350-Million (R3,050) Crore. Network Rail Is Implementing A Structured Multi-Sourcing Model To Invest In A Customer-Centric IT Strategy Over Four Years. Network Rail Is The Owner And Operator Of Britain's Railway Infrastructure, Which Includes Tracks, Signals, Tunnels, Bridges, Level Crossings And Stations.