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MUMBAI (Thomson Financial) – India’s Tanti group of companies, the majority shareholder of Suzlon Energy Ltd., said it formed a joint venture with Arcapita Bank B.S.C., under which the Bahrain-based bank will invest $2 billion by 2012 to develop a 1,650 Mw portfolio of wind farms in China through the acquisition of Honiton Energy Holdings Plc.
Archive for July 8th, 2008
India’s Tanti group in JV with Bahrain firm to acquire Honiton Energy Holdings
Posted by Yogesh on Tuesday, 8 July, 2008
Posted in Corporate News | Tagged: Suzlon, Tanti group, venture | Leave a Comment »
India’s PEC to buy 24,000 tonnes of soyoil from France’s Louis Dreyfus
Posted by Yogesh on Tuesday, 8 July, 2008
MUMBAI (Thomson Financial) – India’s PEC Ltd. will buy 24,000 tonnes of soyoil from French commodities group Louis Dreyfus, an official at the state-run trading company said.
“We have decided to buy soyoil from Louis Dreyfus at $1,466 and $1,468 per tonne,” the official told Thomson Financial News via telephone from New Delhi.
Posted in Corporate News | Tagged: PEC | Leave a Comment »
Cairn India to invest $100 mln to explore oil in Sri Lanka
Posted by Yogesh on Tuesday, 8 July, 2008
COLOMBI (Thomson Financial) – Cairn India, a unit of British exploration firm Cairn Energy Plc, plans to invest $100 million to explore oil and natural gas deposits off Sri Lanka’s coast, officials said Monday.
Spread over three years, the investment includes conducting further seismic studies and drilling three wells off the island’s northwestern coast of Mannar, Cairn India’s chief executive officer Indrajit Banerjee told reporters here.
Posted in Corporate News | Tagged: Cairn India, Investment, Natural Gas, Oil | Leave a Comment »
India’s NTPC-BHEL jv to set up 60 bln rupees power equipment unit – report
Posted by Yogesh on Tuesday, 8 July, 2008
MUMBAI (Thomson Financial) – NTPC-BHEL Power Projects Ltd.(NBPPL), a joint venture between Bharat Heavy Electricals Ltd. (BHEL) and National Thermal Power Corp. Ltd. (NTPC), will invest 60 billion rupees to set up a power equipment manufacturing facility, said India’s junior minister for power and commerce Jairam Ramesh, according to the Economic Times.
Posted in Corporate News | Tagged: BHEL, NTPC, venture | Leave a Comment »
Naya Bharat Property posts maiden profit; says prospects stay positive
Posted by Yogesh on Tuesday, 8 July, 2008
LONDON (Thomson Financial) – Naya Bharat Property Co. Plc. posted a profit for the period since inception to end-March, and said its prospects remain positive.
“The board remains confident that rising levels of wealth and demographic changes are unlikely to be fundamentally affected by temporary economic setbacks and, as a result, believes that there will be continuing long term demand for real estate in India,” it added.
Posted in Financial Result | Tagged: Naya Bharat Property | Leave a Comment »
DQ Entertainment gets intl certification for animation, Flash, 3D gaming art
Posted by Yogesh on Tuesday, 8 July, 2008
LONDON (Thomson Financial) – AIM-listed, India-based animation entertainment company DQ Entertainment Plc. said it has been awarded international certification to develop and produce 2D traditional animation, Flash, 3D gaming art and animation.
DQE received the ISO 9001:2000 certification from international body Det Norske Veritas, effective from June 9, 2008. DQE said it is the first animation company in India to receive certification from DNV, demonstrating the company’s long term commitment to comply with rigorous requirements to produce quality animation and gaming products.
Source CNBC
Posted in Corporate News | Tagged: 2D traditional animation, 3D gaming art, DQ Entertainment, Flash | Leave a Comment »
Renewable Feedstocks in the Indian Chemical Industry – Out Now
Posted by Yogesh on Tuesday, 8 July, 2008
DUBLIN, Ireland, Jul 08, 2008 (BUSINESS WIRE) — Research and Markets (http://www.researchandmarkets.com/research/46514b/renewable_feedstoc) has announced the addition of the “Renewable Feedstocks in the Indian Chemical Industry” report to their offering.
The aim of this report is to provide a clear understanding of the situation in India regarding renewable Read the rest of this entry »
Posted in Sector Spotlight | Tagged: Chemical Industry | Leave a Comment »
Larsen & Toubro gets 10.47 billion rupees order
Posted by Yogesh on Tuesday, 8 July, 2008
MUMBAI, July 8 – Indian engineering and construction firm Larsen & Toubro Ltd said on Tuesday it had received an order worth 10.47 billion rupees ($242 million) from the Indian Railways.
The contract, to set up a cast steel wheel manufacturing plant in the eastern state of Bihar, will have a capacity of 100,000 units per annum, it said in a statement.
The project is expected to be completed by L&T’s Railway Business Unit in two years, it said.
Source Reuters
Posted in Corporate News | Tagged: Contract, Larsen and Turbo | Leave a Comment »
