Gujarat based apparel and textiles giant Arvind has formed a 50-50 joint venture with Tata Housing Development Company to develop an integrated township project in Ahmedabad. The residential cum commercial project, located on the western outskirts of Ahmedabad, is spread over 134 acres and will have a built up area of more than 9...
Monthly Archives: May 2011
Export Grows 34.4% in April 2011: Commerce Secretary
India’s exports have registered a growth of 34.4% during April 2011, at US $ 23.9 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the interaction, with press, India’s imports in April 2011 were US $ 32.8 billion, which is up by 14.1% Balance of trade...
ITT wins $74 million contract for pumping stations in Gujarat
ITT Corporation is heading a consortium that has been awarded a contract to provide two water pumping stations for Sardar Sarovar Narmada Nigam Limited’s (SSNNL) Kutch Branch Canal (KBC) Lift Irrigation Project. ITT will execute this project in a consortium with Megha Engineering & Infrastructures Limited (MEIL). ITT’s Flygt vertical column discharge pump sets...
Rs. 1060 crore dry bulk terminal project approved for Kandla port
The government today approved a Rs 1,060 crore project for building a dry bulk terminal at the Kandla Port Trust on build, operate and transfer (BOT) basis. The decision was taken by the Cabinet Committee on Infrastructure (CCI). “The capacity of the project is 14.112 million tonne per annum for catering to four vessels...
Air India pilots call off strike on 10th day
Air India pilots on Friday night called off their 10-day-old strike after Government agreed to reinstate sacked and suspended pilots and look into their demands within a time-frame. Air India operations will commence tonight and is expected to be normalised over the next two days, an airline official said. Over 800 pilots, belonging to...
GSPC hikes CNG, PNG prices
The Gujarat State Petroleum Corporation (GSPC) Gas has increased the price of compressed natural gas (CNG) and piped natural gas (PNG), both for commercial and non-commercial use. This decision will affect CNG-run car and rickshaw owners, households that use PNG for cooking, and commercial customers from central and south Gujarat based industries like textile,...
Alstom’s Gujarat unit for producing bearings unveiled in Vadodara
Vadodara based global leader in power generation, power transmission and rail infrastructure Alstom yesterday unveiled its new state-of-the-art manufacturing facility for producing bearings for medium to large sized hydro power projects in India and abroad. Union Power Minister Sushil Kumar Shinde inaugurated the factory at Vadodara in Gujarat in the presence of Alstom Power...
Elecon bags Rs. 39.39 crore of BHEL
Elecon Engineering has won order of Rs. 39.39 crore from Bharat Heavy Electrical Ltd. for commissioning of CHP machine package for Bellary TPS, Unit- 3 of 700 MW.
Gujarat reduces VAT on ATF for intra-state air operation
To boost intra-state aviation, the government of Gujarat has reduced value-added tax on Aviation Turbine Fuel from from 30% to 4% for all non-scheduled flights operating within the state. Fuel cost constitutes around 40% of the total operating cost of an airline. Scheduled flights are already getting the benefit of lower VAT on ATF....
Reliance infra commissions Limbdi-Ranchhodpura transmission line
Reliance Infrastructure Limited has commissioned 400KV double circuit transmission line part of the country’s first 100% privately owned transmission project on the build, own and operate basis in Gujarat’s Limbdi and Ranchhodpura passing . The 103 km long transmission line is a part of the WRSS project that has an outlay of about INR...
Partial strike of labors in GM car plant of Halol ends
As many as 500 workers of General Motors India’s Halol plant on strike for last 50 days are going to resume their duty from thursday(4 May) after fresh settlement between the union and management. The company had continued production of cars in one shift but suffered loss of production of about 3000 cars during...
Adani MPSEZ acquires Australia’s Abbot Point Port in Queensland for $ 2 billion
Adani Group-owned Mundra Port and Special Economic Zone Ltd (MPSEZL) today announced the $ 2 billion acquisition of Abbot Point Port in Queensland, Australia, on a 99-year lease, marking the beginning of the company’s business expansion outside India. Talking to the media, MPSEZL Chief Financial Officer B Ravi said the size of the balance...