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Golden-Rock to refurbish MG locomotives for use in Myanmar

Tiruchirapalli, Feb 20 (UNI) The Central Railway Workshop at Golden-Rock (GOC) here has bagged orders to refurbish the old Meter Gauge (MG) locomotives for use in Myanmar railways.

Talking to reporters here, Southern Railway (SR) General Manager Thomas Varghese said the GOC had modified 93 locomotives and exported them through RITES to other third world countries.

With more than 65 per cent of the tracks being converted into Broad Gauge (BG), the SR had surplus number of used MG locomotives.

Under the new order, the workshop would modify 25 locomotives meant for Myanmar and another 10 for tracks in Mozambique, he said.

The orders would be executed before the end of next fiscal, he said.

Mr Varghese said the workshop was presently busy in manufacturing flat wagons, which were also known as Low Bogie Container wagons for the Container Corporation of India Limited (CONCOR).

The workshop, after manufacturing 990 units, which would earn a revenue of Rs 261 crore, would undertake to execute the orders for 1125 wagons worth about Rs 280 crore.

He said the Railway Ministry had decided to convert all the coal fired engines running on the Nilgris Mountain Railways (NMR) into oil-fired locomotives.

UNI

Semiconductor policy receives positive response from ISA

Bangalore, Feb 22 (UNI) The India Semiconductor Association (ISA) termed the Semiconductor Policy, announced today by the Centre, as an extremely positive one that will provide further impetus to the growth of the sector. Reacting to the policy approved by the Union Cabinet, ISA President Poornima Shenoy said the policy had a special incentive package to attract investments for setting up semiconductor fabrication and other micro and nano technology manufacturing industries. ''The policy will provide an impetus for the further growth.....

Religious heads join Cauvery stir in K'taka

Mysore, Feb 20 (UNI) The ongoing Cauvery stir by farmers and others in Karnataka has received a shot in the arm, with hundreds of religious heads of various mutts joining the agitators by taking out a massive 'Padayatra' in the city today. Seers and religious leaders, accompanied by thousands of students and members of various organisations, marched from Basaveshwara Circle to the Deputy Commissioner's office and submitted a memorandum, addressed to Prime Minister Manmohan Singh, to Deputy Commissioner S Selva Kumar......

MindTree's IPO price fixed at Rs 425 per equity

Bangalore, Feb 22 (UNI) MindTree Consulting Limited, an IT and R and D Services company, has fixed the issue price at Rs 425 for the Initial Public Offering of 5,593,300 equity shares of Rs ten each issued at a pre-IPO price band of Rs 365 to Rs 425 per equity share through the 100 per cent book building process. The issue, closed for subscription on February 14, was subscribed 103.28 times. The equity shares of the company were proposed to.....
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