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PVR Earmarks An Investment Of Rs 75 Crore
Over Next 3-Years For PVR BluO (03-Oct-2011)
PVR, an entertainment
company, is setting aside an investment of about Rs 75 crore over
the next three year as the company mulls to expand operations of
its bowling alley arm, PVR BluO, across cities like Bangalore, Pune,
Chennai and Mumbai, Chandigarh and Ludhiana. The company aims that
PVR BluO should by 3-year down the line have 250 lanes operational,
compared to the current 50.
Further, the company also recently reported
that it is eyeing to double its number of multiplex screens in
the next three years. The company for this will invest Rs 100
crore per year and expects to operate 300 screens in the next
three years.
PVR is engaged in the business of film
exhibition. The company operates other business such as providing
content, film distribution and Entertainment Park through its
subsidiaries. Currently, the company has achieved the status of
being India largest cinema chain. It currently owns 101 screens
across 14 cities and many more are in the offing.
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Coal India Plans To Invest Rs 40k Crore (03-Oct-2011)
Coal India (CIL) is likely to
invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards
mines' development to augment production. The company will utilize these
funds for buying machinery and building washeries. CIL is likely to invest
less than Rs 25,000 crore during the 11th Plan Period against investment
target of Rs 35,000 crore.
The company has aimed a production target of
556 million tonne by FY17 against the country's projected demand of
965 million tonne in the terminal year of the 12th Plan Period. Overall,
country's coal production, including by captive miners, is likely to
be 700 million tonne by FY17. The company will have to import the remaining
to meet demand.
Coal India is the largest coal producing company
in the world, based on the company's raw coal production of 431.26 million
tonne in fiscal 2010. As of March 31, 2010, the company operated 471
mines in 21 major coalfields across eight states in India, including
163 open cast mines, 273 underground mines and 35 mixed mines, which
include both open cast and underground mines.
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Tata Steel Spends Rs 235 Crore For Upgrading
Rail Plant In France (30-Sep-2011)
Tata Steel has upgraded
its rail facility in France, with an investment of about Rs 235
crore. This rail facility is now ready to produce longer rails for
the high-speed networks in France and other European countries.
Previously, the plant Hayange, in the Lorraine region of France
could roll out rails up to 80-metre long.
Hayange facility, the largest and the most
significant investment for more than a decade, has boosted production
capacity from 3 lakh tonne to 3.4 lakh tonne in a year and has
improved yield and quality at the facility. The company's two
state-of-the-art rail facilities in the UK and France now have
the world-class manufacturing capability and it will continue
to support customers by offering innovative products and services
in growth markets.
Recently, Tata Steel has received an approval
for the amalgamation of Centennial Steel Company (CSCL) with itself.
As per the scheme CSCL becomes wholly-owned subsidiary of Tata
Steel and all the shares of CSCL would stand cancelled.
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JSPL Likely To Invest Rs 1 Lakh Crore
In Jharkhand (29-Sep-2011)
Jindal Steel and Power
(JSPL), a steel maker and power generator, likely to spent about
Rs 1,00,000 crore in Jharkhand to set up two steel plants of 11
million tonne annual capacity by 2016. The company also plans to
set up 6,600 MW power plants in Jharkhand. Chief Minister Arjun
Munda and Jharkhand Mukti Morcha leader Shibu Soren commissioned
a steel bar mill of 1.2 million tonne per annum capacity in Patratu.
By second half of 2015 JSPL aims to come
up with integrated steel mill of total 6 million tonne capacity
in Patratu, where it already has a steel plate mill of 0.6 million
tonne per annum. Other than this, JSPL also has plans to set up
another 5 million tonne capacity steel plant at Asanboni in East
Singhbhum district in the state which is expected to be commissioned
by 2016. Two plants of 1320 MW each at Dumka and Godda is also
on the anvil.
Recently, Jindal Steel & Power has
raised $475 million through the takeout financing route, to part
finance expansion plans overseas. The company has raised the loan
at 225 basis points over the LIBOR, for a tenor of five years,
with 10 large banks participating in the transaction. The banks
include Standard Chartered, DBS, Citibank, Bank of Tokyo Mitsubishi,
Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan.
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PGCIL Gets Nod For Two Investment Proposal
(20-Sep-2011)
Power Grid Corporation
of India (PCGIL) has received nod for two investment proposal. The
first investment approval is for common system associated with Coastal
Energen and Ind-Barath Power (Madras) LTOA Generation Projects in
Tuticorin area (Part-B) at an estimated cost of Rs 1940.13 crore,
with commissioning schedule of 36 months from the date of investment
approval.
While, the second investment approval is
for Power Grid sub-station works associated with transmission
scheme for enabling import of NER/ER surplus power by NR at an
estimated cost of Rs 80.42 crore, with commissioning schedule
of 18 months from the date of investment approval. The board at
its meeting held on September 16, 2011 has considered and approved
the same.
PGCIL is India's principal electric power
transmission company. It owns and operates most of India's interstate
and inter-regional electric power transmission systems with inter-regional
power transfer capacity of about 20,800 MW and wheels nearly 45%
of total power generated across India. GoI holds 69.42% stake
in PGCIL as on March 31, 2011.
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Tata Steel Invests 500,000 Pounds In UK's
Dudley Plant (14-Sep-2011)
Tata Steel, the world's
seventh-largest steel maker has completed an investment programme
to upgrade the hot rolled strip processing capabilities at the company's
Dudley plant in the West Midlands, UK by installing a leveler worth
500,000 pounds.
The product processed by the new leveler
will be used to supply premium products to the company's lifting
and excavating clients, meeting the increasingly exacting quality
requirements in the manufacture of forklift truck frames, wheels,
agricultural equipment, trailers and excavators
The new leveler, a bespoke design by industrial
equipment manufacturer Heinrich Georg in conjunction with Tata
Steel's research and development team, will decoil, cut-to-length
and fully flatten hot rolled steel coil in thicknesses of 3-5mm
and in widths up to 2 metres. It is due to come on stream in January
2012.
The investment follows another worth 8
million pounds to expand capacity in quenched and tempered plate
at its Clydebridge plant in Scotland, an investment that will
also enhance the quality of products supplied to the lifting and
excavating sector, among others.
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Rising Investment In Infrastructure Development
In Agriculture Sector (03-Sep-2011)
The Government is implementing
various schemes/programmes is to increase investment in the infrastructure
development in the agricultural sector. Some of the major schemes
in this regard are, Development and Strengthening of Infrastructure
Facilities for Production and Distribution of Quality Seeds; National
Mission on Micro Irrigation; Development/Strengthening of Agricultural
Marketing Infrastructure, Grading & Standardisation; Gramin
Bhandaran Yojana; and Rashtriya Krishi Vikas Yojana. The amount
earmarked (RE) for the said schemes during 2008-09 to 2010-11
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PGCIL Gets Nod For Investment Approval
(30-Aug-2011)
Power Grid Corporation
of India (PCGIL) has received an investment approval for 'Transmission
System for IPP generation projects in Madhya Pradesh (MP) and Chhattisgarh'
at an estimated cost of Rs 1366.34 crore, with commissioning schedule
of 27 months from the date of investment approval. The company has
received investment approval at its board meeting held on August
26, 2011.
Recently, Power Grid Corporation of India
was planning to launch 1,200-Kv ultra-high voltage (UHV) test
station along with experimental lines at Bina in Madhya Pradesh.
In this regard, the company would invest Rs 800 crore. The company
was also commissioning a 1,200-Kv transmission line for commercial
purpose, which would be constructed between Wardha and Aurangabad
in Maharashtra.
PGCIL is India's principal electric power
transmission company. It owns and operates most of India's interstate
and inter-regional electric power transmission systems with inter-regional
power transfer capacity of about 20,800 MW and wheels nearly 45%
of total power generated across India. GoI holds 69.42% stake
in PGCIL as on March 31, 2011.
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Coal India Mulls An Investment Of Rs 42000
Crore In Next Few Years (30-Aug-2011)
Coal India is bracing itself
for an investment of Rs 42,000-crore in the next few years as its
projects stuck under environment norms, start getting clearances.
This also includes foreign acquisitions, the clearances for which
are likely to come in the next few weeks. As per the bifurcation,
the company will require about Rs 7,000 crore for setting up some
40-odd washeries. It has earmarked about Rs 6,000 crore for foreign
acquisitions and about Rs 29,000 for expansion and new mining projects.
Since the ministry of environment and forests
(MoEF), in a change of stand, have started listening to problems
and suggestions of companies like Coal India affected by pollution
norms. The company hopes that the bar on mine expansion and new
projects due to pollution index will also gradually be lifted.
Further, in a positive development, the ministry has already lifted
the pollution index-related ban on three major for Coal India
projects. These are for the Talcher mines and Ib Valley mines
in Orissa and Singrauli in Madhya Pradesh.
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Pradip Overseas Likely To Invest Rs 380
Crore On Capex (26-Aug-2011)
Pradip Overseas, leading
exporters of home textiles, is investing Rs 380 crore this year
on capacity expansion for its new products of home furnishings in
the domestic market. By April 2012 the company is likely to expand
its capacity from 140 million meters to 196 million meters to meet
the growing demand in the Indian market. The company expects revenues
of Rs 200 crore in the first year of the domestic launch.
The entity launched over 500 products in
11 collections, with about 10 designs each, for the Diwali festival.
For the new products, under the "MYCK" brand for retailing,
the company is reaching out to some 1,500 retailers through tie-ups
but has no immediate plans for opening standalone outlets. This
is one of the biggest launches of any home textile brand in the
country. MYCK stands for Malt-extract Yeast Chloramphenicol Ketoconazol,
a combination of primary colors.
The company, whose turnover in 2010-11
was Rs 2,100 crore with a PAT of Rs 69 crore, has also earmarked
an advertisement spend of Rs 25.5 crore this year. Its sales in
the first quarter of the current fiscal were Rs 600 crore with
a CAGR of 20% year-on-year. As of now, about 60% of its revenues
come from exports to the USA, Europe and 20 other countries.
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Force Motors Plans To Invest Rs 1,000 Crore
Over The Next Two Years (20-Aug-2011)
Force Motors is planning
to invest Rs 1,000 crore over the next two years. Of which, the
company will invest Rs 400 crore in the passenger vehicle segment
and the rest in commercial vehicles space.
Pune-based commercial vehicle maker will
raise the said fund through a mix of internal accruals and other
capital raising methods
Recently, the company rolled out its first
2.2-litre diesel sports utility vehicle (SUV) 'Force One,' priced
at Rs 10.65 lakh (ex-showroom Delhi). The vehicle will be available
in the market from September 1. The company has roped in Bollywood
actor Amitabh Bachchan as its brand ambassador to promote the
vehicle.
The company is also planning to launch
two more variants of the SUV over the next two years. The SUV
market has an annual potential of 70,000 units and the company
aims to sell 4,000 vehicles in the first year.
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SJVN Likely To Invest Rs 30,000 Crore
By 2019-2020 (18-Aug-2011)
State-run Satluj Jal Vidyut
Nigam (SJVN) likely to have a generation capacity of 6,000 MW, entailing
an investment of about Rs 30,000 crore by 2019-20. The company is
executing projects in Himachal Pradesh, Uttarakhand, Nepal and Bhutan,
among others. By September 2013 the 412 MW Rampur Hydro Electric
Project in Himachal Pradesh, which has a plan outlay of Rs 45.52
crore, is expected to be commissioned.
From April 1 till August 15 the 1,500 MW
Nathpa Jhakri Hydro Power Station generated 4,296 million units
of electricity. The latest figure is also 786 million units more
than last year's generation during the same period. The power
station was heading for another record of power generation during
the year 2011-12. In the last fiscal, the plant had generated
7,140 million units of electricity.
SJVN is a joint venture between the Central
government and Himachal Pradesh state government.
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Persistent Systems Invests In Windmill
Turbine In Maharashtra (18-Aug-2011)
Persistent Systems, a player
in outsourced software product development has invested in a 2.1
mega watt windmill turbine at Dhule in Maharashtra, as a part of
its Green Persistent Movement.
The wind turbine purchased from Suzlon
Energy has started generating electricity which is being supplied
to the MSEDCL grid at Gangapur sub-station. The 2.1 MW wind turbine
is the first of its kind to be purchased by a listed IT company
and will generate 37 lakh unit of power on an average annually.
The wind turbine is optimally installed to derive maximum benefit
for generation of power.
The Green Persistent movement includes
a number of initiatives that enables Persistent to contribute
to the environment and encourage prudent use of resources.
This initiative will reinforce the company's
commitment towards a green environment. Green Persistent focuses
on conservation of energy and trees, pollution control and waste
management.
India has the fifth largest installed wind
power capacity in the world, according to the World Wind Energy
Report 2008. The investment in the wind mill will help to reduce
global warming and falls in line with Persistent's initiatives
towards environment management. Persistent was recently recommended
for ISO 14001:2004 certification for Environmental Management
Systems (EMS) for its Pune facility.
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Zuari Industries To Invest Rs 45 Crore
To Establish Two Speciality Fertilizer Plants (17-Aug-2011)
In a bid to establish two
soluble speciality fertilizer plants in Rajasthan and Orissa, Zuari
Industries, part of the Saroj Poddar-led Adventz group, is planning
to invest Rs 45 crore in building the plants, each of which will
be spread over five to seven acres of land acquired privately. The
plants will be constructed and operated by Zuari Rotem Specialty
Fertilisers, a joint venture between Zuari and Israel Chemicals.
The company is looking to commence the
Rajasthan plant by end off next year followed by Orissa. The company
has been operating a soluble fertiliser production facility in
Maharashtra with an annual capacity of 32,000 tonnes. Since March
2010, the company has a total installed capacity of 50,000 tonnes
a year in water soluble NPK speciality fertilisers.
The company is also looking to spend Rs
9,000 crore over the next three to four years as part of its expansion
plans. These include setting up a 1.2-million tonnes per annum
urea plant in Belgaum, Karnataka, for Rs 5,500 crore and a manufacturing
unit to produce DAP, the location for which has not been decided
yet.
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Sintex Industries Likely To Invest Rs
1,100 Crore On Capacity Expansion (17-Aug-2011)
Sintex Industries is likely
to spend around Rs 1,100 crore on its upcoming capacity expansion
projects across India. The company plans to invest Rs 250 crore
on facilities for custom moulding, Rs 220 crore on prefab, Rs 300-350
crore on monolithic, Rs 150 crore on captive power and Rs 50 crore
on textiles, between 2011-12 and 2013-14.
Most of Sintex's investments will be at
its manufacturing in Gujarat, Himachal Pradesh, Nagpur, Kolkata,
Salem and Uttar Pradesh. Despite a slowdown in construction activity
and the resultant low cement dispatches, Sintex growth continues
as pre-fab structures use little cement.
Sintex is not a hard-core infrastructure
development company. Its monolithic products are used in mass
housing, railway, government staff quarters and defence, among
others.
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Neha International To Invest Additional
$2 Million In Neha Agricorp (16-Aug-2011)
Neha International has
received its board's approval to invest additional $2 million in
its Wholly Owned Subsidiary -- Neha Agricorp -- by way of loan.
The company's board gave approval for the same at meeting held on
August 13, 2011.
Further, the board has also approved the
conversion of 1,69,000 warrants to shares of Rs 10 each at a premium
of Rs 45 per share subsequent to receipt of 100% subscription
amount.
Neha International is a premium and successful
grower of cut roses. The company also deals in trading of green
house-related machinery and undertakes the business of outsourcing
services.
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Shriram Transport Finance Launches Automall
In Gurgaon (16-Aug-2011)
Shriram Transport Finance
Company (STFCL), India's largest asset financing company, has unveiled
Shriram Automall in Gurgaon, the country's first single- window
destination for trade of pre-owned trucks. The facility spread across
a sprawling over 2 lakh Sq ft . feet space, is the first-of-its
kind initiative which will give access to the country's large community
of truck-owners to trade their vehicles in a hassle-free manner.
At the Automall, apart from trading of
the truck, the truck-owner will also be able to explore financing
and insurance options as also minor and major repair facilities.
Rest rooms for travel fatigued truck drivers and cleaners are
also provided as an add-on facility. The overall plan is to have
50 such facilities strategically located on important highways
of country covering a pan India population of Commercial Vehicle
highway users.
The Automall will also house Shriram One
Stop, a computerized touch screen kiosk which will be a virtual
Truck Bazaar, providing real time information about used commercial
vehicles available for sale and simultaneously facilitates registration
of individual buyer's requirements. One Stop will bring more transparency
while buying and selling used commercial vehicles.
The Automall will include Shriram New Look,
wherein refurbished pre-owned commercial vehicles are put on display
for buying with inbuilt financing options.
STFCL is the flagship company of the Chennai
based Shriram Group and is classified as deposit taking asset
finance NBFC, with an objective to provide hire purchase and lease
finance for the medium and heavy commercial vehicles to individual
truck operators. It is the largest asset financing NBFC in India
concentrated mainly in pre-owned vehicle financing business.
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SAIL To Acquire Mines In Indonesia (12-Aug-2011)
Steel Authority of India
(SAIL) is in the process of acquiring stake in major coal and iron
ore mines in Indonesia as part of its overseas expansion plans.
The company aiming to set up steel manufacturing facilities in mineral
rich nations in return of direct allocation of iron ore, coking
and thermal coal mines and import surplus mineral production. The
company has already set up an office in Jakarta for coordination.
Further, the company is also planning to
erect a steel-making plant of 3 million tonne per annum (MTPA)
capacity in the Central Kalimantan region.
Recently, the company's board accorded
in-principle aproval for setting up 10 steel processing units
(SPU) in different states across the country. The SPUs will be
launched in states like Bihar (Bettiah, Mahnar and Gaya), Assam
(Guwahati), Uttar Pradesh (Lakhimpur), Jammu and Kashmir (Srinagar)
and Himachal Pradesh (Kangra).
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Everonn Education Plans To Invest Rs 150 Crore
In iSchool And ICTs (09-Aug-2011)
Everonn Education is planning
to invest around Rs 150 crore in the present fiscal in iSchool and Instructional
and Communication Technology (ICTs). The iSchool model is an initiative
of the company which makes learning interactive by combining the orthodox
learning system with digitised tools.
The company has so far signed up with 16 states,
through the ICT business, to implement computer education in government
schools. Further, the company has set a target to increase its topline
by 50% during the present fiscal.
Everonn is engaged in the development and sale
of educational products and services for both Schools and Colleges.
In addition to this, the company also has a network of retail centres
(both own and franchise) through which it provides training to the individuals
and also facilitates various organizations to conduct tests.
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Britannia Is Likely To Invest Rs 200 Crore
In Greenfield Manufacturing Units (08-Aug-2011)
Britannia Industries (BIL)
is investing around Rs 200 crore in setting up four greenfield manufacturing
units to ramp up capacity and meet its top line growth in the bakery
business. The company plans to set up the first of these factories
in Bihar and it is due to be commissioned within a few weeks. BIL
will also commission new company-owned units in Orissa and Karnataka
within next few months and another one in the western region. The
company is making investments of Rs 50-60 crore in each of these
factories.
The company's Q1 consolidated net profit
increased by 39% to Rs 39 crore for 2011-12 even as its consolidated
revenue rose 21% to Rs 1,208 crore. The company has bought out
its partners in each of its operating business in dairy products,
breads and in two companies -- Strategic Food International Company
(SFIC), and Al Sallan Food Industries in the Middle East. Post
this movement the said companies are now 100% subsidiaries of
BIL.
Recently, BIL has launched Vita Marie Honey
Oats biscuits a low-fat, cholesterol-free biscuit brand targeting
the health-conscious consumers in urban areas. With the launch
of Vita Marie Honey Oats biscuits the company enters the adult
health and wellness food segment, which is worth Rs 5,000 crore
and growing at 25% per annum.
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Berger Paints Plans To Invest Rs 130 Crore
For Expansion (08-Aug-2011)
Berger Paints is likely
to invest Rs 120-130 crore in FY12 to achieve its expansion plans,
which include capacity-building and launching new products. The
company plans to continue to make such investments over the next
two-three years. The company will be launching three-four products
in the premium segment.
The company had posted a 16.41% spike in
net profit to Rs 37.16 crore for the June quarter compared to
Rs 31.92 crore in same quarter last year. During the quarter,
its net sales jumped by 30.28% to Rs 693.12 crore.
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NTPC Likely To Invest Rs 1 Lakh Crore
In Arunachal Project (05-Aug-2011)
NTPC, country's largest
power producer is likely to invest about Rs 1 lakh crore in setting
up of a nearly 9,500 MW hydro project in Arunachal Pradesh. The
company is in talks with Arunachal Pradesh government for setting
the project in the state. The company is preparing a detailed project
report for the same. The entity also plans to commission its 800
MW Koldam project in Himachal Pradesh, next year.
The company's net profit for the quarter
rose by 12.70% at Rs 2075.78 crore as compared to Rs 1841.89 crore
for the same quarter last year. Its total income increased by
12.22% to Rs 15167.89 crore for the quarter under review from
Rs 13516.31 crore for the corresponding quarter of the previous
year.
NTPC, India's largest power company, was
incorporated to accelerate power development in India. Presently,
it has emerged as an 'Integrated Power Major', with a significant
presence in the entire value chain of power generation business.
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Tata Steel Likely To Invest Rs 500 Crore
In UK's Hartepool Unit (05-Aug-2011)
Tata Steel, the world's
seventh-largest steelmaker likely to invest over Rs 500 crore at
its Hartlepool mill in the United Kingdom to enhance the welding
and material handling capability. To improve the quality of the
finished product as well as customer service the company will also
utilize the investment on new cranes, handling equipment and storage
at both mills. This investment will help the company to retain its
position as a world-leading supplier of pipes and tubes.
The investment forms a critical component
of the company's five-year plan to increase the productivity and
cost effectiveness of the Hartlepool plants. At the mills preparatory
work has already begun, and the installation and commissioning
of the new plant and equipment is scheduled for the first six
months of 2012.
Recently, Tata Steel launched a campaign
'Values Stronger than Steel'. Through this campaign the company
eyed at reaching out to the citizens to reinforce company's image
as cutting edge, global major dedicated to social, economic sustainability,
green-technology and community empowerment.
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Coal India Likely To Invest Rs 28,000
Crore In 68 Mining Projects (03-Aug-2011)
State-run, Coal India (CIL) is planning
to invest about Rs 28,000 crore in 68 mining projects having
a production capacity of about 230 million tonnes per annum.
From the 68 projects, 16 are of Western Coalfields (WCL) in
Maharashtra, 13 from Central Coalfields (CCL) in Jharkhand,
and 13 of South Eastern Coalfields in Chhattisgarh and Madhya
Pradesh.
Coal India has achieved an output of
just 96.3 million tonnes (MT) of coal for the April-June quarter
of the current fiscal. The company missed the production target
of 98.6 MT for the first quarter of the current financial year
by 2.3 million tones because of excessive rainfall, curfew and
other disturbances caused for eviction drive, land acquisitions,
as well as R&R issues.
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NHPC likely To Invest Rs 15,000 Crore
In Myanmar (02-Aug-2011)
NHPC, state-run hydro
power generation company, is likely to invest around Rs 15,000 crore
for developing two projects in the neighboring country Myanmar.
The company is preparing detailed project report (DPR) for 1,200
MW Htamanthi and 660 MW Shwezaye Hydro Power Projects on Chindwin
River in Myanmar. The company is providing its technical expertise
in the area of hydro power development in countries like Myanmar,
Bhutan and Tajikistan.
It is increasing the international operations
and harnessing the hydropower potential available abroad. The
company is also preparing DPRs for the 670 MW Chamkarchhu-I and
1,800 MW Kuri-Gongri HE projects in Bhutan. Presently, NHPC has
14 operational power stations with a total installed capacity
of 5,295 MW. NHPC has commissioned the 14.1 MW Devighat Project
in Nepal and 60 MW Kurichu Project in Bhutan on turnkey basis.
The company has reconciled signed a Memorandum
of Understanding (MOU) with Orissa Hydro Power (OHPC) and Government
of Orissa for formation of a Joint Venture Company (JVC) with
OHPC to develop three Hydro-electric Projects with a total capacity
of 320 MW in the state.
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Jindal Saw Plans To Invest $600 Million
For Capacity Expansion (27-Jul-2011)
Jindal Saw is planning
to invest $600 million over the next two years to expand its capacity
and buy stakes in firms based in the Middle East, the US and the
European Union. The company has already begun talks with firms for
buying stakes and signing of the deals may happen within a year.
The company might raise some debt to fund the proposed fund infusion,
but a majority would come from internal accruals.
The company is interested in buying stakes
in firms which produce ductile iron and seamless pipes. The company
has enough capacity for large-dia pipe makings in India.
Jindal Saw's net profit for the fourth
quarter declined 54.95% at Rs 80.19 crore as compared to Rs 178.00
crore for the corresponding quarter previous year. Its total income
increased 6.74% at Rs 1164.36 crore for the quarter under review
from Rs 1090.86 crore in the corresponding previous quarter.
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