Pipavav Shipyard Ltd on Monday said it won an order from the Indian Navy worth Rs 2975 crore (USD 659.6 million) and swung to a consolidated net profit in full year FY11, sending its shares up as much as 3.75%. India’s largest shipbuilder by market capitalisation said it was the first to receive the...
Monthly Archives: May 2011
Tata Nano begins export, first destination is Srilanka
Tata Nano began its first export sales on Sunday by entering the Sri Lankan market.The cheapest no-frills Nano costs 925,000 rupees ($8,486) in Sri Lanka, compared to about $3,000 for a basic model in India. The price in Sri Lanka was due to high import duties and local sales taxes. “We have started accepting...
Maruti Suzuki’s first car plant outside Haryana to come up in Gujarat’s Sanand:FE report
According to Financial Express report, the Gujarat government has taken a decision to allocate over 500 acre land near Sanand to the country’s largest carmaker Maruti Suzuki to set up its third facility and its first outside Haryana. The plant, expected to be up and running by 2015, would cater mainly to export markets...
Chinese company TBEA to set up Rs 2500 cr power equipment plant in Gujarat
Top Chinese power equipment manufacturing company TBEA will set up a Rs 2,500-crore plant between Vadodara and Bharuch next to national highway No. 8, and an announcement on this was made after a high-level meeting TBEA chairman Zhang Xin had with chief minister Narendra Modi in Gandhinagar on Thursday, according to ToI report. The...
Etihad Airways gets DGCA nod to operate at Ahmedabad airport
After FlyDubai announced to launch its international air service at Ahmedabad, now another middle east based airlines Etihad Airways has announced that it has received clearance from DGCA to operate from Ahmedabad airport. Etihad has yet not decided the dates and timings of launching of their operation from Ahmedabad. The airlines presently already operates...
Then India’s first home made submarine could be made in Gujarat
A committee led by former Chairman of SAIL Dr. V. Krishnamurthy set up by the Prime Minister Manmohan Singh to study India’s much-delayed submarine programme has recommended opening up construction of submarines to the private sector and two shipyards recommended by the panel to build submarines in partnership with government owned companies as joint...
FlyDubai gets DGCA’s approval for low cost Ahmedabad-Dubai flight
Dubai’s low cost carrier ‘flydubai’ has got government of India’s aviation controller body DGCA’s approval to start once-a-week flight between Dubai and Ahmedabad starting June 11, according to PTI report.The airline has communicated that it is likely to start operations from July 11 from Sardar Vallabhai Patel International (SVPI) Airport. The flights will depart...
L&T wins Rs. 1,450 crore contract from GSPC
Larsen & Toubro (L&T) has won a prestigious offshore process platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1,450 crore. GSPC awarded this offshore process cum living quarter’s platform project to L&T under international competitive bidding to meet its challenging target of production of hydrocarbon by July 2013 from KG Basin,...
Now you will get magazine to read in Rajdhani/Shatabdi/Duronto train
The Minister of Railways, Mamata Banerjee, has released ‘Rail Bandhu’ – an onboard magazine of Indian Railways here today. Also present on the occasion were Chairman, Railway Board, Shri Vivek Sahai and other senior officers of the Ministry of Railways. Rail Bandhu is a unique magazine to be distributed free on Rajdhani/Shatabdi Express trains...
Doshion Veolia acquires Kirloskar’s GEPL in cash deal
Ahmedabad based water management company Doshion Veolia has acquired Maharashtra’s Nagpur based Gondwana Engineering Pvt Ltd (GEPL) from Kirloskar Brothers for Rs 50 crore. GEPL with turnover of Rs 60 crore specialises in engineering, procurement and construction of water treatment plants, mostly for government organizations. After the acquisition, Doshion’s order-book will stand at close...
IFFCO to produce Urea Ammonium Phosphate at Kandla
Indian Farmers Fertilisers Cooperative Limited (IFFCO) today said it will soon begin manufacturing a new fertiliser at its Kandla unit in Gujarat, which will have lower content of potash. “Keeping in view the highly unstable international potash prices, we have decided to manufacture a new-grade fertiliser at our Kandla Unit,” IFFCO Kandla’s Senior Executive...
Modi inaugurates Rockwool’s wool insulation plant at Dahej
Chief Minister Narendra Modi today announced to set up a world-class maritime park on the seacoast of Bharuch district. Chief Minister said this while inaugurating a manufacturing plant of a Denmark based company Roxul Rockwool at the Special Economic Zone (SEZ) of Dahej in Bharuch. Rs.159-crore plant will manufacture fire-safe insulation material – Stone...