Suzlon plans Rs 1500 cr investment to set up mfg plants

Tuesday, July 18, 2006, 20:34 [IST]

Mumbai, July 18 (UNI) Suzlon Energy, a leading power company has announced a Rs 1500 crore investment plan to set up integrated manufacturing facilities in India to cater to increasing export market share and demand.

The proposed facilities are planned at strategic locations close to the ports for manufacturing of wind turbines with aggregate capacity of 1,500 MW and Vertical integration through Foundry, Forging and Machining unit (FFM), said a Suzlon press release here.

The above decision was taken at the meeting of Board of Directors held on July 18, 2006, it added.

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Reliance Capital ropes in Global CIO of Genpact

Tuesday, July 18, 2006,20:34 [IST]

Mumbai, July 18 (UNI) Mr Sandeep Phanasgaonkar is joining Reliance Capital Ltd., part of the Reliance -Anil Dhirubhai Ambani Group, as President and Chief Technology Officer. He will be responsible for information technology and systems for all financial businesses under Reliance Capital, including Mutual Funds, Life and General Insurance, Stock Broking, Consumer Finance, etc, said an official press release here. Mr Phanasgaonkar has been with Genpact (formerly GE Capital International Services) as.....

ANG Auto forges strategic alliance with Ashok Leyland

Tuesday, July 18, 2006,20:34 [IST]

Mumbai, July 18 (UNI) ANG Auto Tech Pvt Ltd, a subsidiary of ANG Auto Ltd, has entered into a strategic tie-up with Ashok Leyland, the flagship of the Hinduja Group in India, for the manufacture and supply of tractor-trailers for a initial period of five years to be renewed with mutual consent, for a value between Rs 1500 crore- Rs 1800 crore. Under this agreement, ANG Auto Tech (P) Ltd is setting up a capacity of.....

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Godrej subsidiary ties up with Gold Coin group

Tuesday, July 18, 2006,20:34 [IST]

New Delhi, July 18 (UNI) Godrej Industries today said its susidiary, Godrej Agrovet, (GAVL), has signed an agreement with Gold Coin Group to form a Joint Venture in India. The new company, to be called Godrej Gold Coin Aquafeed Ltd with 51 per cent shareholding by Gold Coin Group, will consolidate Godrej's aquafeed business. The group's Godrej Consumer Products Ltd had recently bought the South African hair colour business of UK's Rapidol, as well as.....

Industry should be consulted on Broadcast Bill: FICCI

Tuesday, July 18, 2006,20:34 [IST]

New Delhi, July 18 (UNI) Business Chamber FICCI today called upon the Information and Broadcasting (I.....

PM's rehab package implementation initiates

Tuesday, July 18, 2006,20:35 [IST]

New Delhi, July 18 (UNI) Implementation on the package announced by Prime Minister Manmohan Singh for six debt ridden districts of Vadharbha of Maharashtra began with instructions to the RBI/NABARD, Commercial Banks, RRBs and Co-operative Banks for providing debt relief to the farmers including interest waiver, and fresh flow of funds. Special teams of NABARD/ Lead Banks are being sent to the affected areas to expedite implementation, an official release said here today......