NPCIL to form JVs with SAIL and railways for Power Projects

Nuclear Power Corporation of India plans to set up joint ventures with the Indian Railways and Steel Authority of India Ltd to set up nuclear reactors , continuing its strategy to involve state entities to fund its ambitious plan to add nearly 60,000 mw of new capacity in two decades. The company also hopes to involve private firms in nuclear power plants if the government allows this in the future,

“SAIL and Indian Railways have approached NPCIL for joint ventures. NPCIL is already in the process of setting up joint ventures with three other state firms, NTPC , Indian Oil Corporation and National Aluminium Company .

NPCIL would hold majority stake and offer up to 49% to the partners in ongoing or upcoming projects.

Fortis Healthcare plans to invest around Rs 650 crore...

Fortis Healthcare plans to invest around Rs 650 crore in next 18 months to open 7-8 hospitals and is scouting for acquisition opportunities in India and abroad to bridge the gap with the country’s largest healthcare firm Apollo Hospitals.

The Company indicated that the group’s overseas acquisitions will be championed by their privately held firm, putting a question mark over Fortis’ global expansion. Fortis Healthcare had lost out a corporate takeover battle for control of Singapore’s Parkway early this year.

The company has not yet done with the acquisitions and at any point of time, the company is evaluating about 6-7 proposals,

After the company posted a consolidated net profit of Rs 74.8 crore for the second quarter ended September 30, boosted by a one-time net profit of Rs 53.9 crore from divestment of its stake in Singapore’s Parkway Hospitals. Excluding this one-time gain, the net profit rose 61% over the year-ago period.

Mumbai Airport...

The Maharashtra Coastal Zone Management Authority has approved airport developer CIDCO's amended proposal for the proposed Navi Mumbai airport. "Maharashtra CZMA has approved the new plan.

Following the clearance, the proposal now would be placed before the Expert Appraisal Committee constituted by the Central Government. The Civil Aviation Ministry had given its clearance for the construction of the second airport in Navi Mumbai. Whereas Environment Minister Jairam Ramesh refused to given clearance on the ground of that the proposed airport violates environment norms.

Following this, the City and Industrial Development Corporation of Maharashtra Ltd a nodal agency for the project, was asked to come up with a proposal with suitable changes.

The two ministries, however, recently resolved the issue paving the way for the project. A final call on the issue is expected to be taken only after the Expert Appraisal Committee meeting.

ONGC Videsh changes acquisition strategy

ONGC Videsh Ltd, a wholly-owned subsidiary of ONGC, has decided to change its acquisition strategy by increasingly focusing on taking participating interests in producing oil and gas assets.

The company has also decided to look for partnerships with other players including private sector entities. Till now OVL has been going for exploratory assets on its own, with higher degree of investment risks.

OVL has also gone for joint ventures, like the one with steel baron Mr L. N. Mittal's Mittal Investments. But the joint venture's scope is confined to only few countries.

An OVL-led consortium acquired 40 per cent participating interest in a mega Carabobo project in Venezuela, which is expected to commence production from 2013. Along with OVL in the project are Indian Oil Corporation, Oil India Ltd, Spanish major Repsol and Malaysian Petronas.

The three Indian public sector oil companies have inked an agreement for $20 billion Carabobo-1 project.

Recently, OVL, along with GAIL (India) Ltd, Indian Oil Corporation, and Oil India, pitched for acquiring BP Plc's stake in two offshore gas fields, a pipeline and power project, called the ‘Nam Con Son gas project' in Vietnam. OVL on behalf of the Indian companies is jointly working with PetroVietnam, the national oil company of Vietnam, for acquiring the British firm's stake.

OVL has participation in 40 projects in 15 countries, out of which nine are producing assets. OVL earned a net profit of Rs 846 crore in the first quarter of 2010-11.

Contact Us: Project Master KPO Pvt. Ltd., 185, Shri Ram Niwas, Abhinav Nagar Society,  Road No.5, Borivali (E) Mumbai- 400066, Maharashtra., Tel: 022- 65240024/ 25, Email: info@projectmasterkpo.com, Website: http://www.projectmasterkpo.com/

Nalco to invite EoIs for coal, logistics provider for Indonesian project

National Aluminium Co Ltd (Nalco) has decided to invite expressions of interest from coal mine owners as well as logistics service providers for long-term supply of coal and supply chain management for its proposed Indonesian smelter and power projects.

A decision on this was taken by the Nalco board on Tuesday. The formal invitation would be issued later this week by the company's project manager in Jakarta.

The 5-lakh tonne smelter will be fuelled by a 1250-MW coal-fired captive power plant estimated at Rs 14,000 crore.

Mr B.L. Bagra, Director Finance of Nalco, told Business Line that the coal supply agreement would be for 6 million tonnes per annum (mpta) for a period of at least for 20 years.

The EoI would also be linked to the road or rail logistics covering supply chain and port facility in East Kalimantan province where the project would be located. The selection of the coal supplier and logistics supporter would help Nalco to decide on the exact site of the preferably cost-based smelter project.

Nalco would import bauxite from its Indian mines and the smelted products would be meant for re-exports, primarily to India. Even one mpta out of the total 6 mpta of Indonesian coal supply tie-up would be meant for Nalco's Indian operations.

Nalco has entered into an agreement with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco's new aluminium project in Indonesia.

RMMI, which has coal mining rights in Kalimantan and is also building the rail link and the coal handling port facility there, will be eligible for participation in this selection process for supply and logistics support agreement.

There are number of local and international operators in Indonesian coal mining. But a few have the logistics support ready. However, some of them are building logistic infrastructure on their own or in joint venture.

Nalco has decided to locate its smelter in bauxite-deficient Indonesia for its known quality coal resources and long coastline providing easy access to sea logistics.

Contact Us: Project Master KPO Pvt. Ltd., 185, Shri Ram Niwas, Abhinav Nagar Society,  Road No.5, Borivali (E) Mumbai- 400066, Maharashtra., Tel: 022- 65240024/ 25, Email: info@projectmasterkpo.com, Website: http://www.projectmasterkpo.com/

World Trade Center Opens in Bangalore

A non-stop dedicated elevator takes one to the 29th floor of Brigade Gateway's commercial development, claimed to be Bangalore's tallest structure. The helipad at the top of the building, which is 128 metre (430 ft) tall, affords a 360-degree unobstructed view of the city. But what makes this commercial tower different from other office buildings is the licence which it holds. The licence to be branded a World Trade Centre (WTC).

Real estate developer Brigade Group has obtained the licence from the World Trade Centres Association to classify and manage its 1.1-million-sq-ft Brigade North Star, part of the 40-acre mixed-use Brigade Gateway development, as the “World Trade Centre Bangalore”. And it is the value of the WTC brand that the company hopes to leverage in the coming months.

The Bangalore WTC is the second such centre in India, coming after a good 40 years since the first in Mumbai. There can be only one WTC in each economic region.

The WTC would give those having offices in this complex the opportunity to meet, exhibit and network with global businesses and other WTCA members.

“It will provide services such as trade information, global networking with WTC clubs, exhibit facilities, consulting services, administrative support, export/import assistance, teleconferencing facilities, translation/interpretation, trade missions, trade policy research etc,” he said. There are about 317 such centres in 92 countries.

“It will take six months for the World Trade Centre to be operational. We hope to be operational by the first quarter of 2011,

 

Contact Us: Project Master KPO Pvt. Ltd., 185, Shri Ram Niwas, Abhinav Nagar Society, Road No.5, Borivali (E) Mumbai- 400066, Maharashtra., Tel: 022- 65240024/ 25, Email: info@projectmasterkpo.com, Website: http://www.projectmasterkpo.com/

Fortune Pharma plans to set up a drug formulations unit at Shendra in Aurangabad district of Maharashtra.

Fortune Pharma plans to set up a drug formulations unit with a capacity of 50 TPD at Shendra in Aurangabad district of Maharashtra with an investment of around Rs. 80 million. As of July 2010, work on project is in planning stage and is expected to commence by last quarter of 2010 and scheduled for completion by last quarter of 2011.

Contacts: B-6 Shendra, MIDC, Distt - Aurangabad - 431210, Maharashtra, Tel: 0240-6610712/ 13/ 15/ 16, 2622011, Fax: 0240-6610714 e-mail: sales@fortunepharma.com, Mr. R G More, Project Manager
Fortune Pharma (P) Ltd, Ist Floor, Tapadia Terraces, Adalat Road, Aurangabad - 431001 Maharashtra, Tel: 0240-2338841, 2361935, Fax: 0240-2335273, e-mail: sales@fortunepharma.com, website: http://www.fortunepharma.com/, Mr. Sudhakar H. Mulay, Chief Pramoter,


Contact Us: Project Master KPO Pvt. Ltd., 185, Shri Ram Niwas, Abhinav Nagar Society, Road No.5, Borivali (E) Mumbai- 400066, Maharashtra., Tel: 022- 65240024/ 25, Email: info@projectmasterkpo.com, Website: http://www.projectmasterkpo.com/