New Projects

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'Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome while trying to succeed'............Booker T Washington

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New Projects..................Avinash Dani

TCS, Rolls-Royce sign engg services pact

The country's largest software exporter announced a global engineering services partnership with power system company Rolls Royce. Under the agreement, TCS will provide Rolls Royce with the range of engineering services and support across the entire product life-cycle which will enable the UK-based company to expand its engineering services footprint in India.

Chinese Co lands $1.5-bn

Vedanta power plant deal with China's State Grid Corp has landed a $1.5bn deal to build a thermal power plant for India's mining group Vedanta Resources, a Chinese government website reported. Shandong Electric Power Construction Corp, a unit of the State Grid Corp of China, will design, build and operate three 660-mw generators in Jharsuguda, Orissa.

Bharti ties up $8.3 bn for Zain D

Bharti Airtel's proposed acquisition of Zain's African assets received a huge boost when the company announced that it has tied up its entire financing requirement of $8.3 billion.

GAIL eyes stake in Papua Project

State-run gas utility GAIL is in talks with Canada's Interoil Corporation for buying into a project proposed by Papua New Guinea for exporting gas ion ships as LNG (Liquified Natural Gas) chairmen B C Tripathi said on the sidelines of the sixth Asian gas partnership.

Del starts PC exports from India

Del has started exporting PC's from its plant in Sriperumbudur in Tamil Nadu. Sources close to their company said Del would be exporting several thousand desktop computers every quarter to the Middle East. It's Sriperumbudur plant has the capacity to make one million units a year.

RIL to buy oil from OVL's Venezuela project

Reliance Industries and Mangalore Refinery and Petrochemical have committed to buy up to 45% of the crude oil ONGC Videsh and its partners plan to produce from a Venezuela oil field.

ONGC team to invest $2.25 bn in Venezuela

Oil and Natural Gas Corp and partners Indian Oil Corp and Oil India will invest around $2.25 billion initially in development of a giant oil project they bagged in Venezuela recently. The three firms have for the time being sought government nod for investing $2.25 billion.

Only 13% road projects awarded during FY10

Against the target of awarding projects for a total length for about 9,800 km under various phases of National Highways Development Project (NHDP) during 2009-10, projects have been awarded for a total length of about 1,285 km up to November 2009 according to the Economic survey. According the ministry of road transport and highways 131 projects have been delayed mainly due to problems associated with land acquisition, shifting of utilities, environment clearance, poor performance of some contractors, law and order, etc.

Crocs India to launch 8-10 EBOs

Crocs India Retail Ltd, the lifestyle footwear brand, will launch eight to ten more EBOs in India. Similarly, Manchester United Food & Beverage Asia with a mandate to set up casual dinning outlets tapping into the popularity of the multi-billion dollar club, has done a recce of select Indian cities in recent months.

BP inks $1.5b deal with IT majors

British Petroleum has inked a $1.5 billion 5-year outsourcing deal with software major TCS, Infosys, Wipro and IBM.

Unitech Wireless deal

Alcatel-Lucent has bagged a five-year contract of about $150 million from Unitech Wireless, a telecom venture of real estate major Unitech, to support the launch of the company's GSM mobile services. According to the five-year contract, Alcatel Lucent would deploy GSM/edge networks for Unitech in Kerala and Orissa.

M & M, Caterpillar in engine JV talks

Automobile and farm equipment major Mahindra & Mahindra is in advanced stages of talks with US-based construction equipment maker caterpillar for a 51:49 joint venture, which will make engines for the US firm's tractor range.

Nuby expands range

US-based infant care firm Nuby introduced a new range of products in India and said it would more than double its retail network to increase sales to Rs 25 crore this fiscal.

Dabur makes a fruity foray

FMCG major Dabur India entered into the fruit-flavour beverages segment with aim to garner up to 5% share in the estimated Rs 1,100-crore Indian fruit beverages market. The company launched 'Real Burrst' in four flavours - mixed fruit, crispy apples, orange and mango under its 'Real' brand which is the flagship of Dabur's fruit juice portfolio.

Godrej may buy out Sara Lee in joint venture

The Godrej group is understood to be looking at acquiring Sara Lee International's stake in Godrej Sara lee (GSLL) following the foreign company's decision to exit its household and personal care business globally. Sara Lee Corp has a 51% stake in GSLL, while Godrej holds the rest. The unlisted Indian JV owns the Good Knight, jet, Hit and british brands.

ebm-Nadi triples capacity

ebm-Nadi International P Ltd established in 1996 as a JV between emb, Germany & Nadi Airtechnics P Ltd, Chennai has set up a new state of the art manufacturing unit in Madhavaram to triple its capacity and providing for future expansion. It will produce 1500 fans of various types per day.

Honda to roll out diesel variants in India.

Honda Siel Cars India (HSCI) plans to bring diesel technology to its line up in India. It has kick started the development of a new generation of smaller diesel engines that will be strapped on its sedans and future compact cars.

Titan plans to add 40 outlets by Mar 2010

Titan Industries plans to argument its store network across India by adding nearly 40 Titan stores by Mar 2010. Company's COO Harish Bhat said, 'We plan to add 40 stores, half would be co-owned and the balance franchisee-stores. For our 'World of Titan' stores, we have earmarked Rs 50-lakh per store. Titan has identified Chennai, Delhi, Kolkata, Salem, Pune and Madurai among other locations for setting up its stores.

BPCL's green eco-friendly Lubricants

Bharat Petroleum (BPCL) is in the process of developing eco-friendly lubricants from vegetable oil. The bio-degradable product will be an alternative to the lubricants derived from petroleum sources.

Audi's Q5 to hit Indian roads in June

Audi will launch its latest SUV 'Q5' here in June besides giving a facelift to its existing sedan 'A6'. 'The only SUV in India from our stable is 'Q7', which is doing good even in the current situation. But still some people prefer a smaller SUV and because of this, we have decided to offer Q5 in the indian market,' Audi spokesperson said. In June this year, they plan to launch only 2 varients of 'Q5' here. These vehicles will be sold as a completely-built-unit and will be exported from the company's Ingolstadt facility.

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