| Mother Dairy is aiming at Rs. 1,100 - crore business from dairy based value-added products in 2014-15. "We are targeting Rs. 1,100 crore from value-added products this year. We had done Rs 800 crore business in 2013-14," Mother Dairy business head S Basu said. Mother Dairy as a company had a turnover of around Rs. 6,300 crore in the last fiscal, he said. In the eastern region, the dairy major launched new fresh fermented products like aam dahi, and with the exciting response it received, the company is also planning to increase its capacity from 12 tonnes per day to 17 tonnes per day, Basu said. "By next summer, the present capacity will increase to 100 tonnes per day with expanding our market beyond Kolkata. We are planning to launch in other eastern region cities like Jamshedpur, Bhubaneshwar and Rachi," he said. |
A source in the ministry of steel said that "Originally, there were plans to strike a separate JV with SAIL and RINL, with a plant each at Bhilai and Bobbili in Andhra Pradesh. The Andhra plant could not take off due to the power crisis in the state. At the same time, suitable bids did not come in for the Bhilai venture. Now, it has been finally decided to have a common plant at Bhilai, where SAIL has its unit." A source said that the plant will have a capacity of 150,000 tonne per annum. This will be advantageous to both MOIL and the steel makers. The former will get an assured market while the latter will get an assured supply of ferroalloys an essential ingredient in steel making. The source said that earlier, MOIL planned to have 50% stake in each of the JVs. Now, the modalities are still being worked out but a part of the project will be funded with debt. |
HPCL plans to expand its Mumbai refinery from 6.5 million tonnes to 10 million tonnes in two-and-half years from the date it gets environment clearance and Vizag from 8.33 million tonnes to 15 million tonnes, company Director (Refineries) B K Namdeo said. "The expansion of Mumbai refinery will cost Rs. 2,000 crore while Vizag refinery expansion will cost Rs. 15,000 crore," he said. Namdeo said at Vizag a new 9 million tonne unit will be built but some old units of the existing refinery will be taken down. After the expansion, Vizag will have a capacity of about 15 million tonnes per annum. "We have already applied for environment clearance and expect the same by year end," he said, adding the Vizag refinery expansion will take three years from the date it gets all clearances. HPCL, which is part owner for a 9 million tonne refinery at Bhatinda in Punjab, is also setting up a 9 million tonne a year new refinery-cum-petrochemical complex at Barmer in Rajasthan. The company, which owns 12,869 petrol pumps and 3506 LPG distributorship across the country, is looking to beef up its refining capacity to meet growing demand for fuel in the world's third largest energy consuming market. |
| Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells products under Amul brand, is going to invest around Rs. 4,000-4,500 crore in next two financial years for processing higher quantity of milk. GCMMF has already increased its milk processing capacity to 230 lakh litres per day from 170 lakh litres per day in last three years. "We are looking to invest around Rs. 4,000-4,500 crore by the end of 2015-16, mainly on setting up new milk processing plants and other dairy products processing units," GCMMF Managing Director R S Sodhi told PTI. As per expansion plans, the company has proposed to set up 11 new milk processing plants across the country, including five in Gujarat, three in Uttar Pradesh, two in Haryana and one in Kolkata, he said. In Haryana, the company will set up a plant each at Rohtak and Faridabad of 10 lakh litres day and 15 lakh litres per day respectively while it will put in place in Uttar Pradesh a plant each of 5 lakh litres per day at Lucknow, Kanpur and Varanasi. Besides these plants, the company will also establish five milk processing plants of two lakh litres per day at Saurashtra region in its home state Gujarat. |
The company's EPC business has grown significantly and has helped the company to maintain overall revenue numbers. The company executed orders worth Rs. 150 crore during the same period. "Jakson bagged new orders from some of the top companies like Wipro, L&T, BHEL, Siemens, Denso, Gammon India and ABB.Jakson is one the leading players in EPC business in India and has successfully executed orders for companies like Motherson Group, DS Group, Sapient, GMR, EMMAR Infra and L&T for both EPC & Solar Business," the company said in a release. |
Recently, Adani Ports said it was buying out Dhamra Port in Odisha for an enterprise value of Rs. 5,500 crore in an all-cash deal. A source said the company wanted to add 12 berths at Dhamra, one of which could be a container terminal. The port has two bulk handling berths, with an installed capacity of 24 million tonnes. "We have the required environmental approvals to add the 12 berths and so, to that extent we will be making the required investments in coming months," Managing Director Sudipta Bhattacharya said. He, however, did not reveal the size of investment. |
People with knowledge of the matter said Suzlon's US-based subsidiary, Suzlon Wind Energy Corp (SWECO), has forged an agreement with PowerWorks to supply up to 98.7 MW of wind turbines. As per the agreement, Suzlon will supply up to 47 wind turbine generators and will oversee the operations, maintenance and service of the wind turbines for a period of two years. This follows Suzlon's recent move to do a cashless restructuring of its existing foreign currency convertible bonds worth $485 million for five years. |
