Upcoming Projects in India

4833 Tiles Maker H&R Johnson (India) Is In The Process Of Investing Rs 400 Crore For Capacity Expansion At Its Nine Plants Across The Country. H&R Johnson India General Manager Ravi Aravamuthan Said, “With The Rs 400 Crore Capex Investment, Our Overall Installed Capacity Would Cross 54 Million Sq Mts. The Capacity Of Dewas Plant, Which Makes Industrial Tiles, Would Double To 4 Million Square Meters Per Annum”. The Company Also Plans To Double The Production Capacity Of Its Dewas Unit, Which Caters Specifically To The Industrial Flooring Segment. The Company Is Focusing On Industrial Flooring Segment And The Capacity Expansion At Dewas Plant Would Help It Cater To Small And Medium Enterprises. Currently, The Company's Total Tiles Manufacturing Capacity Stands At 51 Million Sq Mts, Which Will Go Up To 54 Million Square Meters In Next 3-4 Months. H & R Johnson (India) Is The Pioneer Of Ceramic Tiles In India

4832 Government Has Cleared Investment Proposals Worth Around Rs 1,000 Crore Under A Scheme To Promote Manufacturing Of Electronic Products And Components In The Country. The Department Of Information Technology Has So Far Received Investment Proposals Worth Rs 2,000 Crore Under The Modified Special Incentive Package Scheme (M-SIPS). Under The M-SIPS, The Government Will Provide Up To Rs 10,000 Crore In Benefits To The Industry During The 12th Five Year Plan (2012-17) For Promoting Domestic Production Of Electronics Products And Components. The Scheme Provides Subsidy For Investments In Capital Expenditure With A Limit Of 20 Per Cent For Investments In Special Economic Zone And 25 Per Cent In Non-Sezs.

4831 As Part Of The The SIDCUL Phase II Project At Sitarganj In Uttarakhand, The Dharmpal Satyapal (DS) Group Will Invest Rs 400 Crore In Dairy, Food And Packaging Sectors. Mou Was Signed Between D S Group Director Atul Jain And State Industrial Development Corporation Of Uttarakhand Ltd (SIDCUL) M D And Principal Secretary (Industries), Uttarakhand Rakesh Sharma. A Cheque Of Rs 1 Crore Was Handed Over To The Government As Earnest Money And Processing Charges. The Chief Minister Said, State Had Adopted The Single Window System And An Industry-Friendly Policy That Brought In A Lot Of Investment. The Company Has Been Given 200 Acres Of Land At The Rate Of Rs 54 Lakh Per Acre As Per Government Norms, If Needed 70 Acres Of Land Would Be Given To The Company In The Second Phase. The Company Is Investing Rs 400 Crore Which May Go Up To Rs 1,000 Crore In Future

4830 Steelcase, The Michigan, USA Based Office Furniture Company Has Set Up Its First Manufacturing Facility At Chakan Near Pune. The 5000 Sq Mt Plant Will Employ About 100 People And Will Manufacture A New Range Specifically For The Indian Market. Mr Uli Gwinner, President Of Steelcase Asia Pacific Said, "We Need To Be Where Our Customers Are In Order To Provide Them With Great Products And Services, So This Is A Critical Long-Term Investment For Steelcase. The Rapid Growth In The Indian Economy Has Not Only Fueled A Continued Expansion Of The Market, But For Business Owners It Is Also Driving Competition To Attract And Retain The Best Talent, And To Optimise Productivity. This New Plant Will Produce A Range Of Steelcase Products Specifically For The Indian Market. Steelcase Inc. Engaged In Manufacture Of Furniture Products.

4829 Bangalore-Based GMR Infrastructure Ltd Plans To Start Looking Selectively At Possible New Investments. Accordingly Parmit Chadha, Chief Executive Officer For Strategy And Corporate Development, “The Firm Will Expand Its EPC, Or Engineering, Procurement And Construction, Business To Take On Projects That Other Firms Are Developing”. At Present, The Division Only Takes Up Work On Projects Being Developed By GMR. Last Year, As Economic Growth Floundered And Infrastructure Projects Ran Into A Funding Crunch Amid Delays In Securing Government Approvals And Acquiring Land, GMR Put New Investments On Hold And Sold Some Of Its Assets. GMR Infrastructure Limited Is The Infrastructure Holding Company Formed To Fund The Capital Requirements Of Various Infrastructure Projects Across The Sectors. It Undertakes The Development Of The Infrastructure Projects Through Its Various Subsidiaries.

4828 Welspun India's Business Arm - Welspun Energy Limited, India's Biggest Developer Of Solar Projects Has Inked Pact With Narsee Monjee Institute Of Management Studies (NMIMS) To Offer Knowledge And Skills Development In Renewable Energy Industry. Under This Agreement Both The Institutes Will Jointly Develop And Organize Workshops, Seminars And Conferences For Knowledge Sharing. The Company Is Planning To Set Up A Corpus For Offering Scholarships To Five Outstanding Students. NMIMS Students Will Be Able To Visit Welspun's Solar And Wind Power Plants Across The Country While The Company's Senior Executives Will Lecture Students Of The Institute Through Fixed-Term Visiting Assignments. Welspun Energy Ltd (WEL) Is A Leading Independent Renewable Energy Based Power Generation Company.

4827 The Reserve Bank Of India Announced Approval For ONGC Videsh Ltd (OVL) And Oil India Ltd (OIL) To Make Overseas Investments In The Incorporated Joint Ventures/Wholly Owned Subsidiaries In The Oil Sector. These Investments For Exploration And Drilling For Oil And Natural Gas By The Navratna Psus, Duly Approved By The Government Of India, Will Be Without Any Limits Under The Automatic Route. OVL And OIL Were Allowed To Invest In Overseas Unincorporated Entities In Oil Sector Which Are Duly Approved By The Government Of India, Without Any Limits Under The Automatic Route. An Incorporated Organisation Is A Separate Legal Entity From The People Owning It. The Board Members Do Not Normally Have Personal Financial Responsibility For Contracts And Debts Incurred.

4826 Automotive Design Firm DC Design Has Decided To Set Up A Manufacturing Unit With An Investment Of Rs 50-60 Crore, For Its Customised Luxury Cars In Gujarat That Will Also Include Its Avanti Sports Car. Most Probably This Manufacturing Unit Will Be Establish In Ahmedabad. DC Design Founder And Promoter Dilip Chhabria Said In A Press Released, “For The First Time, We Are Planning A Manufacturing Facility Of Our Products In A Joint Venture In Gujarat And It Will Be Set Up Soon”. In Initial Phase Company Is Planning To Invest Rs 50-60 Crore For The Designer Car Facility. Already The Company Has Designer Car Facilities In Pune. DC Design’s New Showroom Will Be Inaugurated On April 28 In Partnership With Abhidev Automotives. The Company Would Start Delivering The Avanti From December This Year. Dilip Chhabria Design Pvt Ltd Was Founded By Dilip Chhabria And Has An Over 600-Strong Portfolio Of Unique Cars/ Vehicles Built And They Are On Road

4825 The Two-Year-Old Marketing Tie-Up Between Hong Kong-Based Megaman, A World Leader In Light-Emitting Diode (LED) Technology Used In A Range Of Lighting Products, And Bajaj Electricals Ltd, Has Now Been Extended To Technology Transfer. Bajaj Electricals At Its Nashik Facility Will Start Manufacturing LED Products In 2013. Bajaj Electricals Launched Its New Range Of “Futuristic” LED Products, Under The Brand Name Of Iled, In Kerala In March, Is Currently Manufacturing Compact Fluorescent Lights (Cfls) At Nashik. Bajaj Has Already Launched 25 LED Products So Far And Now Planning To Introduce Another 45 This Year. The Company Is Looking At Rs 60 Crore Businesses In LED Segment In The Current Financial Year With Its Product Range.

4824 Heritage Foods (India) Ltd Has Received An Approval To Set Up 2 MW Solar Energy Power Plant For Captive Consumption. Heritage Foods Retail Has 72 ''Heritage Fresh'' Branded Retail Stores With A Total Retail Trading Space Of 2.1 Lakh Square Feet.

4823 Rolta India Ltd. Has Been Awarded The Prestigious "Smart City" Project For Nanjing, China, In Preparation For Hosting The 2014 Youth Olympics. Rolta Has Engaged ARES Security Corporation Of Burlingame, CA To Leverage Their Systems Engineering Expertise To Assist In Developing An Integrated Geospatial Transportation Solution For The City. The Solution Will Collect Nanjing's Transportation Data From Hundreds Of Sensors And Provide Dashboards To Assist In Traffic Management And Monitoring Environmental Parameters In Real-Time To Better Handle The Dramatic Increase In Demands On The City's Infrastructure. The Smart City Project Is The First Collaboration Under A Newly Formed ARES Security-Rolta Strategic Alliance. This Alliance Takes Advantage Of The Partners' Diverse But Complementary Strengths To Develop And Offer Security Management Solutions. Rolta India Is Engaged In CAD, CAM, Geospatial Information System (GIS) Solutions, Ebusiness And Related Services.

4822 Oberoi Realty Is Planning To Enter In National Capital Region And Will Invest Up To Rs 200 Crore For The Projects Initially. The Company Is Engaged In Scouting For Tie-Ups With Existing Land-Owners In The NCR Market - Gurgaon, Noida And Greater Noida. Other Than This It Is Also Planning To Evaluate Acquisitions In Markets Such As Hyderabad And Bangalore. Vikas Oberoi, Chairman And Managing Director, Oberoi Realty, Said, “We Will Invest Up To Rs 200 Crore. We Are Not Looking At Very Big Projects As These Markets Are New And We Don’t Want To Take Big Bets. We Would Like To Test The Markets With Small Investments Preferably With A Joint Venture Partner So That Our Investment Is Less At The Same Time The Local Partner Can Bring In His Expertise In The Particular Market. The Company Plans To Launch Three More Projects, Worli Project, Mulund And Goregaon Phase III In The Near-Future. Oberoi Realty A Leading Real Estate Developers In Mumbai

4821 Mahindra & Mahindra’s (M&M) Subsidiary Mahindra Reva, India’s Electric Vehicle Pioneer Is Planning To Export Its Electric Car To Europe Next Year. The Company Has Recently Introduced Its All-Electric, Zero-Emission Car In Chandigarh, Which Will Be Made Available At EMI Of Rs 12,802 For Customers Of Chandigarh. The Company Is Focusing On Metro Cities For Promotion Of Its Electric Cars, And The Car Will Be Available On Mahindra's Outlet. The Delhi Government Is Providing A 15% Subsidy On Purchase Of Eco-Friendly Vehicles.

4820 Country Club India Ltd Has Got Approval For Its Petition Of Sanctioning The Scheme Of Amalgamation Of Amrutha Estates & Hospitality With Itself. Country Club (India) Is One Of The Fastest Growing Entertainment And Leisure Conglomerate In India. Country Club India Is A Pioneer In Family Clubbing And Holiday Services In India.

4819 Reliance Industries' Telecom Arm Will Use Bharti Airtel's Submarine Cable Network To Provide Data Connectivity Across Asia Pacific. Reliance Jio Infocomm Ltd Have Signed An Indefeasible Right To Use (IRU) Agreement With Bharti Airtel Ltd. Under The Agreement Bharti Will Provide Reliance Jio Data Capacity On Its I2i Submarine Cable. The I2i Cable's Landing Points Are At Chennai In India And Tuas In Singapore. Reliance Jio Will Utilise A Dedicated Fiber Pair On I2i. The High Speed Link Will Enable Reliance Jio To Extend Its Network And Service Reach To Customers Across Asia Pacific Region. Bharti And Reliance Jio Will Continue To Build On This "Strategic Framework" And Consider Other Mutual Areas Of Cooperation And Development.

4818 In Order To Address Housing Shortage In The State Gujarat, Government Plans To Build 22 Lakh Flats In The Urban Areas Over The Next Five Years. The State Government Has Prepared A Housing Policy For Urban Areas. The Policy Has Two Sub-Policies On Slum Rehabilitation And Affordable Housing In The Cities. Out Of 22lakh Flats, 7 Lakh Are Meant For Rehabilitation Of Slum Dwellers. The Government Would Allot The Remaining House For Various Other Categories Like Economically Weaker Section, Low Income Group And Middle Income Group. It Has Decided To Keep Other Two Categories Of Middle Income Group-2 And High Income Group On The Back Burner For The Time Being. Expected Amount On Construction And Basic Amenities Of Houses Meant For Relocation Of Slum Dwellers And EW Economically Weaker Section Is Rs. 3.50 Lakh. These Houses Will Be Of 25 Sq. Meters Each. The Construction Cost Of Low Income Group Houses Spread Over A Area Of Around 50 Sq. Meters Has Been Worked At Around 2000 Per Sq. Meters.

4817 Aegis Homes Limited Has Announced Its Entry Into The Real Estate Sector With Its Maiden Project Aegis Gold Floors In Karnal, Haryana. The Developer Has Planned To Develop Above 2000 Residential Units In Karnal Over 3 Years Time, In Order To Tap Potential Of Emerging Real Estate Destinations In Small Towns. It Has Planned To Venture Into Large Townships And Group Housing Projects As Part Of The Strategy. Aegis Gold Floors, Located Near Hotel Noor Mahal, A Five Star Property In Karnal. Spreading Across 25 Acres Adjacent To The HUDA Sector 33, The Project Is Surrounded By Lush Greenery. Both Plots And Independent Floors Will Be Offered In The Project. The Project Is In Vicinity Of Schools, Hospital, Commercial Center, 6-Lane National Highway And An Upcoming Aerodrome. Independent Floors In Aegis Gold Floors Offer Stunning View Of 5,000 Sq. Yards Of Uninterrupted Landscape. The Floors Will Have A Covered Area Of 1310 Sq.Ft. The Well Planned Construction Has Designed By A Team Of Architects Trained At Iits And Top American Universities Coupled With Strong Global Expertise. Project Is Covering Facilities Such As A Convenience Shopping Outlet, Park, Jogging Track, Yoga Pavilion Besides Adequate Provision For Basic Amenities Like Power, Water And Sewer Connection. Aegis Homes Limited, An Emerging Real Estate Developer Led By Internationally Experienced Professionals

4816 GE Healthcare And Healthcare Global Enterprises Limited (HCG) Have Announced Their Partnership To Improve Cancer Care Infrastructure In The Country. For The First Step In This Direction, A Cancer Care Centre In Bangalore Will Be Set Up And GE Will Be The Technology Partner. President And CEO, GE Healthcare, Mr. John Dineen Said, Scaling Up Cancer Care At Affordable Costs Requires Disruptive Solutions And Willing Partners. Our Renewed Partnership With Healthcare Global Enterprises, Our Long-Standing Partner And Expert In The Fight Against Cancer, Will, We Hope, Propel One Of The Most Critical Needs In Cancer Care In India. GE Healthcare Is A Division Of GE Technology Infrastructure

4815 Volkswagen India Pvt Ltd Has Set Up A Unit To Manufacture And Package Parts Of The Vento And Polo For Export At Its Pune Plant. The Company Has Invested Around Rs 56 Crore To Develop The Unit. The Indian Export Parts Will Contribute To Approximately 70 Per Cent Of The Car Which Will Then Be Assembled For The Local Market At The DRB Hicom Plant. The Company Has Been Exporting Cars From Pune Since Last Year As Fully Built Units To Markets Such As South Africa, Sri Lanka, Nepal, Bangladesh, Malaysia And The Left-Hand Drive Version Of The VW Vento To West Asia. About 215 New Jobs Will Be Created In The Parts And Components BU At Volkswagen And Its Suppliers. Volkswagen India Private Limited Is A Subsidiary Of Volkswagen Group Sales India Private Limited That Assembles, Manufactures And Distributes Volkswagen Vehicles In India

4814 South African Airways (SAA) Has Tied Up With Jet Airways To Operate Non-Stop Flights Between Mumbai And Johannesburg With The African Carrier Assessing The Indian Market. Under The Agreement Which Is Already In Place, Jet Would Code-Share On SAA Flights Between Mumbai And Johannesburg And Beyond To Cape Town And Durban, While SAA Would Code-Share On Jet Operations Between Mumbai And Delhi, Bangalore, Hyderabad, Chennai And Thiruvananthapuram. The Frequent Flyer Programme Of Jet And SAA Would Be Applicable To Both Airlines, That Is A Person Travelling On A Jet Flight Would Be Able To Earn And Redeem Mileage For Use On SAA Network And Vice-Versa.

4813 The Government Approved Two Road Projects In Madhya Pradesh And Rajasthan, Entailing Investments Of Rs 1,229 Crore. These Projects For Widening Of National Highways Stretches Were Given Nod In The Meeting Of The Cabinet Committee On Economic Affairs. Madhya Pradesh Project Is, Four-Laning Of The Rewa To Sidhi Section Of National Highway-75E , Through A Public-Private-Partnership (PPP) On Design, Build, Finance, Operate And Transfer (DBFOT) Basis . This Rs 677.21 Crore Project Including Rs 49.34 Crore For Land Acquisition And Other Pre-Construction Activities Will Expedite The Improvement Of Infrastructure In Madhya Pradesh. Rajasthan Project Is, Rs 552.09 Crore Includes Two Laning With Paved Shoulders Of The Ladnu (Nimbhi- Jodha) - Degana-Merta City Section Of National Highway-458 Under The National Highways Development Project (NHDP) Phase-IV, Will Be Implemented Through PPP On Engineering, Procurement And Construction Basis.

4812 The Government Has Received Investment Proposals Worth Rs 2,000 Crore Under A Scheme That Provides Incentives For Promoting Production Of Electronics Products And Components In The Country. Department Of Information Technology Secretary J Satyanarayana Said, “In Terms Of The M-SIPS (Modified Special Incentive Package Scheme), We Got Rs 2,000 Crore Worth Of Proposals. Some More Are In The Offing But This Is Where We Stand (Now), Out Of That We Have Cleared Almost Rs 1,000 Crore.” Under The M-SIPS, The Government Will Provide Up To Rs 10,000 Crore In Benefits To The Industry During The 12th Five Year Plan. The Government Has Included 29 Categories In ESDM Sector That Can Avail Benefit Of Under M-SIPS. The Department Of Electronics And Information Technology Expects To Attract Investment Worth Rs 25,000 Crore In The Electronics Sector By End Of Financial Year 2013-14.

4811 The Cabinet Committee On Economic Affairs (CCEA) Has Approved The Rs 1,083-Crore Revival Package For Watch And Tractor Maker HMT That Aims To Modernise The Company And Help It Turn Around In Five Years. The Package Includes Cash Infusion To The Tune To Rs 450 Crore And Rs 630 Crore Non-Cash Assistance. The Cash Component Of The Package Would Be Used For Modernization, Meeting The Working Capital Needs And For Wage Revision.

4810 HCL Infosystems Has Announced The Awarding Of A Contract From Chhattisgarh Infotech & Biotech Promotion Society (Chips). The Company Is Selected For The Government Of Chhattisgarh Project For Free Distribution Of Laptops To Final Year Engineering And Medical Students Of Government-Aided And Private Colleges Across The State. The Project Is Part Of The Chhattisgarh Yuva Suchna Kranti Yojana Started By The State Government. Chips Is The Nodal Agency For Procurement Of Laptops For The Project On Behalf Of The State Government And Executing The Project In Coordination With The Directorate Of Technical Education. This Is First Phase Of Project; Where HCL Infosystems Is Supplying 14,000 Laptops. HCL Infosystems Is India’s Premier Services And ICT Systems Integration, Distribution And Hardware Company.

4809 Aarti Industries Ltd Will Set Up A Fertiliser Manufacturing Facility At Jhagadia In Bharuch District. The Company Will Invest Around Rs 35 Crore For This Project. The New Fertilisers Facility Will Have The Annual Capacity Of 200,000 Tonnes Per Annum (TPA) Of Single Super Phosphate Fertiliser. The New Unit Is Expected To Be Commissioned By The End Of The Financial Year 2013-14. The Company Also Plans To Invest Around Rs 100 Crore During 2013-14 Towards Capacity Expansion In Pharma, Agrochemicals And Performance Chemicals. Part Of Which Will Be Made In Gujarat, While Other Projects Will Come In Maharashtra. Aarti Industries Is Engaged In Manufacturing Organic Chemicals, Mainly Benzene-Based Intermediates, Sulphuric Acid And Allied Products.

4808 Honda Motorcycle & Scooter India Seeks For A Suitable Location To Set Up Its Fourth Manufacturing Facility To Ramp Up Production. Y S Guleria,Honda Motorcycle & Scooter India, Vice-President (Sales And Marketing) Said, "We Are Looking For A New Site. We Are Studying Various Options And Talking To Different States." Location To Set Up The New Facility Yet Not Finalized. Once Study Will Complete, Only Then Company Will Announce About It. HMSI Is Investing Rs 15bn In Setting Up Of Its Third Plant In Karnataka, Which Will Take The Company's Total Production Capacity To 40 Lakh Units A Year.

4807 Indoco Remedies Ltd. Has Received The Approval From US FDA To Manufacture And Market Glimepiride Tablets In The Strengths Of 1mg, 2mg And 4mg. Indoco Remedies Is Engaged In The Manufacturing And Marketing Of Formulations (Finished Dosage Forms) And Active Pharmaceutical Ingredients (Apis) In India.

4806 Hindustan Coca-Cola Beverages Pvt Ltd A Bottling Partner Of Coca-Cola Company In India, Will Invest Rs 600 Crore To Set Up A Facility That Will Make Carbonated Beverages, Juice And Fruits-Based Drinks. The Company Will Invest Total Amount For Project In Two Phase Which Will Come Up In 60 Acres Of Land In Vikasnagar Tehsil Of Dehradun. An Agreement Regarding This Was Signed Between Company Officials And State Infrastructure And Industrial Development Corporation Of Uttarakhand Ltd (SIDCUL) In The Presence Of Uttrakhand Chief Minister. The Uttrakhand Government Would Provide 60 Acres Of Land To The Company At The Rate Of Rs 95 Lakh Per Acre. The Project Is Expected To Provide Direct And Indirect Employment To Around 1,000 People.

4805 Gayatri Projects’ Subsidiary TPCIL Has Signed A Power Purchase Agreement (PPA) With Andhra Pradesh Power Distribution Companies, Wholly-Owned By The Government Of Andhra Pradesh, For Supply Of 500 MW Of Competitive Power To The Central, Eastern, Southern And Northern Power Distribution Companies Of Andhra Pradesh For A Period Of 25 Years. The Plant, Located In Krishnapatnam, Will Assist In Mitigating Power Shortage In The Andhra Pradesh, When It Commences Operation. This Green Field Project Within The State Makes The Transmission More Convenient And The Use Of Super Critical Technology Is A Value Addition As This Technology Enhances Efficiency, Thereby Reducing Emission Of Carbon Dioxide And Other Pollutants. Gayatri Projects Is One Of The Fastest Growing Construction Companies In India Executing Major Infrastructure Works

4804 Simmtronics Semiconductors Ltd Has Tie-Up With Digilife Distribution And Marketing Services Ltd (DDMS), A 100 Per Cent Subsidiary Of HCL Infosystems Ltd, To Distribute Its Tablets In India. Accordingly A Senior Simmtronics Officials, "Through This Tie-Up, Simmtronics Is Looking Forward To Additional Turnover Of Rs 300 Crore And Six Lakh Tablets In The Year 2013," Simmtronics, Which Has Three Manufacturing Facilites In India And One Each In Dubai And Singapore, Launched Its Tablets In The Middle East And The Gulf Cooperation Council Countries Two Years And In India Some Six-Seven Months Ago. The Company Also Announced That It Has Just Signed A Licensing Agreement With Swedish Telecom Equipment Maker Ericsson Vis-A-Vis Certain Patented Technologies Developed By The Latter.

4803 Orchid Chemicals & Pharmaceuticals Has Entered Into A Strategic Partnership With Europe-Based Venture Capital Funded Allecra Therapeutics To Develop Novel Antibiotics To Combat Multi-Drug Resistant Bacterial Infections. Orchid Has Assigned To Allecra IP (Intellectual Property) Related To An Antibiotic Discovery Program Which Will Then Be Pursued Through Further Trials By Allecra. According To Agreement Orchid Will Also Be Paid An Upfront Sum And Is Eligible To Receive Further Royalties And Exit Bonuses Based On Allecra’s Progress. Orchid’s Chairman & Managing Director K Raghavendra Rao Said, "This Strategic Partnership With Allecra Is Yet Another Demonstration Of How We Can Create Value By Harnessing The Relative Strengths Of Each Company. Orchid Chemicals & Pharmaceuticals Limited Is An Indian Pharmaceutical Company

4802 Aurionpro Solutions Has Announced That V2PAY Group, A Developer Of Innovative White-Label Convergent Mobile Financial Systems For The Payments, Banking, Telecommunications, And Remittance Industries, Has Engaged The Aurionpro Payments And Banking Technologies Team As Its Global Technology Partner. Aurionpro Will Be The Exclusive Provider Of Product Engineering, Support, And Maintenance Services For All V2PAY Products, Beginning With The Launch Of V2CARD, V2REMIT, V2AGENT, And V2ID As White-Label Offerings For Select Banks In Asia. V2PAY Group CEO, Bill Field, Said "V2PAY Is Committed To Enabling Our Customers Provide Access To The Smartest And Most Innovative Payment And Transactional Technology Solutions Available, And Aurionpro Will Play A Key Role In Helping Us Deliver On That Commitment. We Selected Aurionpro Based On Their Proven Expertise In Developing Globally Scalable Payments Platforms, And We Look Forward To A Long-Term, Strategic Relationship With The Team." Aurionpro Engaged In Software Solutions.

4801 India’s Premier International Airline, Jet Airways Has Inked A Code Share Agreement With South African Airways (SAA), The National Carrier Of South Africa And The Only Airline With Non-Stop Flights Between Mumbai And Johannesburg. According To This Arrangement Jet Airways Will Code Share On South African Airways’ Flights Between Mumbai And Johannesburg And Beyond To Cape Town And Durban. SAA Will Code Share On Jet Airways’ Operations Between Mumbai, Delhi, Bangalore, Hyderabad, Chennai And Thiruvananthapuram. The Agreement Will Effectively Enhance Flight Choices For Customers, Whether Originating In India Or Africa, Through Seamless And Convenient Connections And Frequent Flyer Mileage Opportunities.

4800 Hyundai Construction Equipment India (HCEI) Is Planning To Produce Higher Capacity Excavators In The Country. The Company That Currently Manufactures Excavators Ranging From Eight Tonnes To 34 Tonnes At Its Facility At Chakan Near Pune Plans To Start Assembling 50 Tonnes Excavator At The Plant By The Middle Of Next Year. The Company's Plant Has An Annual Capacity Of 7,000 Units And Excavators Above 38 Tonnes Are Imported From Korea. HCEI Head (Sales & Marketing) Dheeraj Panda Said ,”By The End Of 2014 We May Start To Bring The Loader In The Indian Market”. Panda Said The Company Has Also Started Exporting Excavators From India In A Small Away And It Could Increase It Further. HCEI Is A Wholly-Owned Arm Of South Korea's Hyundai Heavy Industries.

4799 The Union Ministry Of New And Renewable Energy Have Sanctioned Rs 15.26 Crore For Installing SPV (Solar Photovoltaic) Power Units In Several Government Buildings In Meghalaya. The Ministry Has Accorded Sanction Last Month Under The Jawaharlal Nehru National Solar Mission Which Aimed At Development Through Deployment Of Solar Energy Technologies In The Country To Achieve Parity With Grid Power Tariff By 2022. The State Electricity Regulatory Commission Had Approved Purchase Of 2222 Million Units Of Power For 2013-14 From State-Owned Meghalaya Power Generation Corporation Ltd And Outside Sources

4798 Bharat Heavy Electricals Limited (BHEL) Is Planning To Invest Over Rs. 1,300 Crore In Developing New Products During The Current Financial Year. S Sekar, General Manager, Corporate R&D Told Reporters In A Press Conference, The Products That Were Developed In-House Have Contributed Rs 9,643 Crore To BHEL's Overall Turnover Last Year. Turnover From The In-House Developed Products And Services Stood At Rs 9,643 Crore, Which Was 19.3 Per Cent Of The Turnover Of The Company. The Ramachandrapuram Unit Of The Company Was Likely To Receive Close To Rs. 300 Crore Of The Total Investment Planned For Developing New Products For Emerging Markets. The R&D Advisory Committee Comprising Experts Is Working Out Plans To Identify Future Growth Avenues And Has Charted Out Roadmaps For 1,500 Plus Projects So Far.

4797 Crompton Greaves Has Secured A Contract Worth $60 Million (About Rs 300 Crore) From Iraq For The Construction Of Four High Voltage Gas Insulated Substations. Crompton Will Design, Manufacture, Deliver And Install The Substations To Reinforce An Existing 132 Kv Electricity Transmission Grid. The Project Is Expected To Be Completed By August 2014. Crompton Greaves Is Engaged In Designing, Manufacturing And Marketing Electrical Products And Services Related To Power Generation, Transmission And Distribution.

4796 Infrastructure Developer IL&FS Engineering And Construction Has Received Letter Of Intent For Construction Of A Rs 77.5 Crore Commercial Complex In Gurgaon From Unitech Ltd. The Building Project Entails Three Basements. This Building Has A Special Feature Of Dry Stone Cladding Unlike Glass Curtain Walls And Designed As A Classic Building. IL&FS Engineering And Construction Company Limited, In Joint Venture With Saudi Binladin Group Is One Of The Leading Multi-National Infrastructure Development, Construction And Project Management Company.

4795 Pfenex Inc. And Agila Biotech Private Limited, A Subsidiary Of Strides Arcolab Limited Have Entered Into A Joint Venture To Develop, Manufacture And Commercialize An Initial Pipeline Of Six Biosimilar Products For The Global Market. As A JV Both Parties Will Equally Share In Decision Making Regarding Product Development And Commercialization, Agila Biotech Will Be A 51% Equity Stakeholder. The Lead Product For The Joint Venture Is Interferon Beta-1b, A Biosimilar To Betaseron®, Indicated For Relapsing-Remitting And Secondary-Progressive Forms Of Multiple Sclerosis, Commencing Human Clinical Trials By Q4 2013. According To Contract Pfenex Will Assume Primary Responsibility For Development Of An Optimized Production Strain, Process And Analytical Package For Each Product, While Agila Biotech Will Be Responsible For Pre-Clinical And Phase 1 Development, As Well As Cgmp Manufacturing. The Joint Venture Will Then Progress The Products Through Phase 3 And Into Commercialization. Agila Biotech Private Limited, India Is A Wholly Owned Subsidiary Of Strides Acrolab Limited (Strides).

4794 Karnataka Bank Has Secured The Coveted “ISO 27001:2005” Certificate Of Registration From National Quality Assurance For Its Three I.T.Set-Ups Encompassing The Information Security Management System At Its Data Centre, Near Line Site At Bangalore And Information Technology Department Including The DR Site At Head Office, Mangalore. ISO27001: 2005 Is A Global Standard Which Specifies A Well Documented Information Security Management System Within The Context Of The Organization’s Overall Business Risks.

4793 Jyothy Laboratories Has Received An Approval From High Court Of Judicature At Bombay For Amalgamation Of Jyothy Consumer Products With Itself, In Terms Of The Scheme Of Amalgamation Approved Under The Provisions Of Sections 391 To 394 And Other Applicable Provisions Of The Companies Act, 1956. Jyothy Laboratories Is One Of The Leading Players In The Mid And Economy Segments Of The FMCG Industry Having Its Presence In Fabricare, Household Insecticid, Dishwashing Products/Toilet Cleaners, Personal Care

4792 Valecha Engineering Has Secured Projects Worth Rs. 316.87 Crore For Construction Of Rafti Main Canal And Its Distribution System Including All Earth Work And Pucca Works Between KM 114.00 To 125.682 In Uttar Pradesh. Valecha Engineering Is Engaged In The Construction Of Major Infrastructure.

4791 Mahindra & Mahindra Financial Services (Mahindra Finance) Has Tied Up With Auto Maker Toyota Kirloskar Motor (TKM) To Offer Retail Finance To Its Customers To Purchase Vehicles. Both The Companies Have Signed A Memorandum Of Understanding For The Same. Mahindra Finance Will Be One Of The Preferred Financiers For The Entire Range Of Vehicles Sold By TKM. Mahindra Finance’s Wide Network Of Over 640 Offices And Customer Presence In More Than 150,000 Villages Across India Gives The Company An Edge In Reaching Out To The Deepest Parts Of The Country. Mahindra & Mahindra Financial Services Limited Is One Of The Leading Non-Banking Finance Companies In India. It Is Among The Top 500 Indian Companies By Market Capitalization

4790 The Central Electricity Regulatory Commission (CERC) Allowed The Company To Increase Tariff For Power Generated From Its 4,000 MW Mundra Ultra Mega Power Project In Gujarat. With This Permission To Increase Tariff, Consumers Of Seven Electricity Distribution Utilities In Gujarat, Maharashtra, Rajasthan, Punjab And Haryana, Will Be Affected As The Revised Tariff Will Be Higher Than Existing Liveliest Tariff Of Rs 2.26/Unit. The Current Tariff For New Power Projects Is In The Rs 3.50-7.00/Unit Range. Tata Power Is An Indian Electric Utility Company.

4789 Bharat Petroleum Corporation Ltd Will Spend Rs 32,500 Crore To Expand Its Refining Capacity From The Current 30.5 Million Tonnes (Mt) To 47.5 Mt In The Next Three-Four Years. Of Total, The Company Will Spend Rs 10,000 Crore On Its Numaligarh Refinery To Expand Its Capacity From Three Mt To Nine Mt. At Mumbai Refinery,Capacity Would Go Up From 12 Mt To 14 Mt Through Change Of Its Crude Oil Distillation Unit, Increasing Distillation, Kochi Refinery Will Expand From 9.5 Mt To 15.5 Mt At A Capex Of Rs 15,000 Crore By December 2015, The Bina Refinery At Madhya Pradesh Will Expand From 6 Mt To 9 Mt By De-Bottlenecking At Rs 2,500 Crore By The Same Period.

4788 South Korean Steel Major Posco, Whose Integrated Project In Odisha Has Been Stuck For Years, Will Join Hands With Uttam Galva Steel Ltd (UGSL) To Set Up A Three-Million-Tonne-An-Annum (Tpa) Integrated Steel Plant At Satarda In Maharashtra. Uttam Galva Is A Leading Cold-Rolled And Galvanised Steel Maker In Eastern India, Has Earmarked About 1,700 Acres Of Land It Owns At Satarda For This Project. Accordingly Posco Officials That They Are Facing Land Acquisition Problems For Their Integrated Steel Project In Odisha, They Should Consider Satarda, Where Uttam Galva Already Owns Land. Over The Past Eight Years Since The Signing Of The Mou, The Odisha Government Has Acquired 1,700 Acres For The Project And Out Of This, Handed Over Only 540 Acres On Paper To The Company. The Company Does Not Have Physical Possession Of Any Land. POSCO (Formerly Pohang Iron And Steel Company) Is A Multinational Steel-Making Company Of South Korea.

4787 Sadbhav Engineering Has Declared That They Are Successful Bidder (L1) For The Earthwork For Deepening And Widening Of Parallel Lower Ganga Canal As Per Final Stage Theoretical Lined Sections (8900 Cusec Capacity) In Respect Of Bid Invited By The Chief Engineer Ram Ganga, Irrigation Department, Government Of Uttar Pradesh, Kanpur, For Contract Value Of Rs 132.95 Crore. Sadbhav Engineering Limited Is A Civil Engineering Construction Company.

4786 Coal India (CIL) Has Entered Into Fuel Supply Agreement (Fsas) With 60 Power Plants So Far Even As The Deadline Set By The Prime Minister’s Office For Signing Of The Fsas Expired In January. India's Largest Power Producer NTPC Has Refused To Sign FSA With CIL As It Feels The State-Run Firm Was Supplying Inferior Quality Coal. Coal India Needs To Sign A Total Of 143 Fsas In Respect Of Identified Power Projects Of 60,000-Mw Capacity, Which Have Been Assured For Coal Supply, In The Next Five Years

4785 Tata Communications Has Signed Multi-Year Agreement With Parking Specialists Vinci Park To Bring High-Speed Network Connectivity To More Than 500 Car Parks Across France. This Technology Implementation Will Enable Vinci Park To Centrally Manage And Monitor Its Facilities Across The Country. The System, Designed By Tata Communications, Will Enable Vinci Park To Continue Providing Its Customers With A High-Quality Service, While Managing All Its Business Critical Applications Over A Single Network. Tata Has Designed A Bespoke, Secure Virtual Private Network (VPN) Solution To Meet Vinci Park's Requirements Across Its Multiple Sites Around The Country. It Consists Of MPLS (Multiprotocol Label Switching) And Broadband Connectivity For The Delivery Of Voice, Video Telephony And Financial Transactions. It Is Centrally Managed From Vinci Park's Headquarters To Ensure Cost-Effectiveness, And Mixes MPLS And Ipsec Vpns On A Per-Site Basis, Allowing For Tailored Solutions For Each Site.

4784 Power Finance Corporation Has Signed Memorandum Of Understanding With The Ministry Of Power For The FY 2013-14. Under The Mou For The Financial Year 2013-14 Includes, Sanction Excluding R-APDRP Of Rs 59,000 Crore, Disbursement Excluding R-APDRP To The Tune Of Rs 47,000 Crore, Resource Mobilization Of Rs 44,000 Crore And Return On Net Worth Of 14.49% Under Excellent Category In Addition To Other Sector-Specific And Enterprise-Specific Parameters. The Monitoring Of Performance Versus Mou Targets Would Be Carried Out Quarterly During The Performance Review Meetings Being Held In The Ministry Of Power