According to Business Standard report, Bajaj Auto is planning to set up its fourth and largest five million unit per annum plant near the Mundra port in Gujarat with an initial investment of more than Rs 1,000 crore. The plant will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault. The...
Rajkot based Atul Auto has announced its plans to enter into the four-wheeler commercial vehicle segment and has already started scouting for land near Ahmedabad to set up a plant with 50:50 joint venture. The company is scouting for land in Ahmedabad with around Rs 200 crore investment. The company is presently involved in...
Tata Motors in its largest order ever of medium and heavy commercial vehicles frp, single fleet owner last week secured an order for 1,111 medium and heavy trucks from Surat, Gujarat-based fleet owner Siddhivinayak Logistics (SVLL), one of the largest fleet owners in the country, with a fleet of over 2,000 CVs. These trucks...
American company Kohler opened it’s manufacturing unit at central Gujarat’s Jhagadia in the Bharuch district with an investment of Rs 60 crore to produce faucets. The new plant has CNC machining, automatic electroplating, low pressure die casting and assembly lines manufacturing facilities. A Physical Vapor Deposition (PVD) facility will soon be set up in...
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...
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...
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...
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...
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...
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...
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...
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,...