Author Topic: Rudrapur & Hardwar - रुद्रपुर एवं हरिद्वार उत्तराखंड के प्रमुख औद्यौगिक क्षेत्र  (Read 40662 times)

एम.एस. मेहता /M S Mehta 9910532720

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India: Setco Automotive sets target to double turnover in three years
By David Isaiah
28 April, 2008
Source: Automotive World
Setco Automotive intends to double its turnover to Rs4bn (US$99.55m) in the next three years. The company commenced production of automotive clutch units at its new facility in Uttarakhand on 10 April 2008.

According to the components supplier, the ne...

http://www.automotiveworld.com/APA/content.asp?contentid=67810

एम.एस. मेहता /M S Mehta 9910532720

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Ashok Leyland in Rs 3,000cr expansion plan in Uttarakhand
« Reply #11 on: April 30, 2008, 04:53:41 PM »
 Ashok Leyland in Rs 3,000cr expansion plan
 
Press Trust of India / New Delhi April 30, 2008
 
 
 
Hinduja flagship company Ashok Leyland today said it will invest Rs 3,000 crore on its new plant, coming up in Uttarakhand and on capacity expansion of its existing unit at Ennore.

 

A part of the planned investment will also be on engine development. The company is developing six cylinder and four cylinder engines with Austrian firm AVL complying with the Euro IV norms.


"The company will be investing Rs 3,000 crore on the new vehicle plant coming up in Uttarakhand, which will be capable of rolling out 50,000 vehicles and expansion of manufacturing facility at Ennore and the new engine development project," Ashok Leyland Chief Financial Officer K Sridharan told reporters on the sidelines of CFO Asia Summit here.


He said Rs 1,000-1,500 crore would be raised through internal accruals, while close to Rs 800 crore would be raised from outside, possibly from overseas market.


The company had also raised $200 million through external commercial borrowings of which $20 million have already been drawn while remaining amount is yet to be drawn from the market, he added.

 

 
 

एम.एस. मेहता /M S Mehta 9910532720

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Leyland to invest Rs 3,000cr
1 May 2008, 0139 hrs IST,TNN
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NEW DELHI: Ashok Leyland on Wednesday said it will invest Rs 3,000 crore for a new plant in Uttarakhand and expand capacity at its Ennore facility in Tamil Nadu.

The Hinduja group’s flagship company is setting up a 50,000-unit capacity plant in Uttarakhand, that gives income tax and excise breaks to investing companies.

Fresh investments would also be used for new engine development in partnership with Austrian firm AVL, Ashok Leyland CFO K Sridharan said. "The company will invest additional Rs 3,000 crore on the new vehicle plant coming up in Uttarakhand, besides expanding the plant at Ennore and engine development," Sridharan said adding that the first vehicle from integrated plant at Uttarakhand by April 2009. 

एम.एस. मेहता /M S Mehta 9910532720

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Kesoram plans to raise tyre output capacity
2008-05-06 08:38:56 Source : Business Line
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Kolkata, May 5

Kesoram Industries has decided to further expand radial tyre production capacity by 100 tonne per day (tpd) and cross-ply or bias tyres by 125 tpd at its unit in Uttarakhand at an estimated cost of Rs 840 crore.

The company board had approved the proposal setting commercial production timeline for the new project by early 2010.

The BK Birla group outfit’s greenfield plant near Haridwar in Uttarakhand had earlier projected a capacity of 257 tpd at a cost Rs 650 crore and was to go on stream this month. Now, the company has informed in a note to the accounts for 2007-08 that “a part of production capacity is expected to start commercial production in May 2008, and balance in phases by end of 2008/early 2009”. The plant will enjoy 100 per cent excise duty exemption for five years.

Balasore tyre unit

Meanwhile, production capacity of the company’s tyre unit at Balasore has been increased in phases from 198 tpd to 252 tpd and the last phase of the project started commercial production in November 2007.

The ongoing execution of the project for capacity addition of 1.65 tonne a year at the company’s Vasavadatta Cement unit in Andhra Pradesh, however, remains on schedule. The project is expected to be completed by the year-end.

Taken from Business Line


एम.एस. मेहता /M S Mehta 9910532720

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Uttarakhand urges Centre to extend tax sops for 7 yrs
« Reply #14 on: May 07, 2008, 02:57:32 PM »
Uttarakhand urges Centre to extend tax sops for 7 yrs
 
Shishir Prashant / New Delhi/ Dehra Dun May 06, 2008
 
 
Renewing the demand for the extension of tax breaks to the industrial units in the state, the Uttarakhand government wants the concessional industrial package (CIP), which expires on March 31, 2010, be extended till 2017.
 

Earlier, the state government was demanding that the 2003 tax holiday scheme for the state be extended by a period of three years.

Chief Minister BC Khanduri met Prime Minister Manmohan Singh in this regard last week and asked for concessional package for the state on the lines of the North-East states. The state officials said the prime minister had agreed to consider the demand sympathetically.

For the past one year, Khanduri has been pitching for the extension of industrial package. From April 1, the government has also notified the special hill industrial scheme for a period of 10 years by doling out a series of sops.

Top officials said Khanduri had been raising the demand repeatedly because he wanted to match the central excise and other tax concessions with the hill industrial scheme. "It will be good for industry in Uttarakhand in case the tax breaks are extended by seven years since our hill scheme will also last till 2017," said an official.

Khanduri had said he would talk to his counterpart in Himachal Pradesh, Prem Kumar Dhumal, over the issue and would launch a joint campaign in this regard. But so far, no such strategy has been devised.

Following the special tax holiday scheme of January 2003, an industrial boom was witnessed in Uttarakhand where top-notch companies like Tata Motors, Bajaj Auto, Nestle, Mahindra and Mahindra, Britannia and LG set up new units to take the benefits of the various tax incentives given by the Centre.
 


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Blue Star to set up refrigerator plant in Uttarakhand
« Reply #15 on: May 10, 2008, 12:33:47 PM »
Blue Star to set up refrigerator plant in Uttarakhand

NEW DELHI: Airconditioning systems maker Blue Star today announced setting up a new refrigerator facility at Uttarakhand in the next 18 months, even as it expects a 35 per cent topline growth this fiscal.

The company is also looking forward to establish an assembly unit in the Middle East for central airconditioning machines.

"We are examining the possibility of setting up our sixth plant in Uttarakhand and most likely it will be for our refrigerators. It will be ready within next one and half year," Blue Star Ltd Deputy Managing Director T Gouri Sankara Babu told reporters here.

The facility would have a capacity to manufacture products worth Rs 500 crore, he added.

Blue Star has completed the construction of its fifth plant at Wada in Maharashtra at an investment of Rs 50 crore and it would commission the unit in one month. The plant would produce central and telecom airconditioners (ACs) worth Rs 500 crore per annum, Babu said.

The company is also planning to set up an export oriented unit (EOU) inside the Wada plant, which would be ready within one year after the due approval processes get over, he added.

Blue Star witnessed about 40 per cent growth during 2007-08. "We are yet to declare the results but we expect it to be around Rs 2,200 crore from Rs 1,600 crore in the previous fiscal," Babu said.

The company is expecting over 35 per cent growth in its revenue during the current financial year, he added.

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NRB Bearings inaugurates Pantnagar manufacturing facility at Uttarakhand
« Reply #16 on: May 10, 2008, 12:34:34 PM »
NRB Bearings inaugurates Pantnagar manufacturing facility at Uttarakhand     
     
Friday, 09 May 2008 
Uttarakhand: NRB Bearings Limited, manufacturers of the widest range of bearings and automotive components today inaugurated its new manufacturing facility at Pantnagar, Uttarakhand.

The modern manufacturing facility which was completed in a record time of 8 months was inaugurated by Ms. Harshbeena Zaveri, President of the company at a ceremony which was attended by the company’s important customers including Tata Motors, Bajaj Auto, and senior officials from SIDCUL.
The occasion was graced by Mr. Tilak Raj Behar, the Ex Minister & sitting MLA of Rudrapur (U.S. Nagar).

Mr.Tilak Raj Behar congratulated NRB Bearings for its first venture in Uttarakhand and wished it all success; he hoped that it would be amongst the most important plants of the company in the coming years.

Ms. Harshbeena Zaveri, President of NRB Bearings Ltd., said “This plant at Pantnagar is part of our strategy to be located in close proximity to our customers and continually strive to be the most preferred bearing supplier to all our important customers.

With an initial investment of Rs. 25 crores, the facility will manufacture Ball & Roller Bearings for the domestic market. The facility spread over 2,17,525 square feet, will have a capacity of producing over 22 million Ball & Roller Bearings over the next 3 years.
 

एम.एस. मेहता /M S Mehta 9910532720

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RTTNews) -  Monday, JBM Auto said that the company entered into a joint venture agreement with Ashok Leyland for supply of sheet metal components for their G90 Cab and G-90 FES.

The joint venture company would set up state of art facilities at Pant Nagar, Uttarakhand at an estimated cost of Rs.100 crores and would have large pressing and welding facilities.

JBM Auto would hold 74% and Ashok Leyland would hold the rest in the joint venture that would start commercial operations from 2010.

http://www.rttnews.com/ArticleView.aspx?Id=602452

एम.एस. मेहता /M S Mehta 9910532720

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Riddhi Siddhi’s Uttarakhand plant to reach optimum capacity this year
« Reply #18 on: May 20, 2008, 10:08:57 AM »
Riddhi Siddhi’s Uttarakhand plant to reach optimum capacity this year

The plant would focus on the production of value-added maize starch derivatives for the food, dairy and pharma industries.


--------------------------------------------------------------------------------



Our Bureau


Ahmedabad, May 19 The Rs 120-crore plant set up at Rudrapur in Uttarakhand by Riddhi Siddhi Gluco Biols Ltd, India’s largest producer of maize starch and its derivatives, would reach the optimum level of production in 2008-09, the company said here on Monday.

The maize processing plant, having a capacity of 1.65 lakh tonnes per annum (TPA), was commissioned in the last quarter of 2007-08. Its operations have stabilised now and the capacity utilisation is being gradually increased to reach the optimum level this year.

The plant would focus on the production of value-added maize starch derivatives for the food, dairy and pharma industries. With its commissioning, the company’s total maize processing capacity has gone up by 50 per cent, from 3.35 lakh TPA to five lakh TPA.

With this capacity addition, the Gokak (Karnataka) plant is back to its normal operation and with the functioning at its peak after capacity expansion at the Viramgam (Ahmedabad) plant, the company is poised for an aggressive growth in the coming years, it said in a statement.

The company also has a polymer plant at Puducherry for producing specialty starches for the paper industry.

Improving yield


In 2006, Riddhi Siddhi Gluco Biols, the largest corn wet milling company in the Indian subcontinent having the highest crushing capacity, had joined hands with France’s Roquette Freres, a leading player in this industry with a consolidated turnover exceeding $4.5 billion, to improve the yield parameters and develop new products.

Its products are used in various applications catering to key industry verticals, namely food, confectionaries, textile, paper, pharmaceuticals and adhesives. Its 200-plus clients include Nestle, Perfetti, Heinze, ITC, Britannia, Wrigley, Hindustan Unilever and Cadbury’s.

एम.एस. मेहता /M S Mehta 9910532720

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Setco commences operations at new facility in Sitargunj, Uttarakhand
« Reply #19 on: May 20, 2008, 03:21:37 PM »
Setco commences operations at new facility in Sitargunj, Uttarakhand     
Written by Ganesh     
Monday, 19 May 2008 
Mumbai: Setco Automotive Ltd (Setco) manufacturers of world renowned ‘Lipe’ clutches for heavy and medium commercial vehicles on 10th last month, inaugurated its state of the art facility set up to cater to the aftermarket clutch requirements of its customer base. Approximately 55 Setco employees based out of this facility will be involved in the manufacture of Setco's new and enhanced, high quality clutch products.
This is a semi-automated assembly line, which will increase Setco's capacity and productivity in India by 150% thus adding the capability to cater to increasing aftermarket needs consistently.

Commenting on the occasion, Mr. Harish Sheth, Chairman & Managing Director, Setco Automotive Ltd., said, “We are very excited to have this new facility up and running. Setting up a plant in Uttarakhand was a strategic decision on our part to emphasize our support to our OEM and aftermarket customers. Apart from this because of the benefits offered by the state, our same high quality products will cost less to manufacture, thus allowing us to give more competitive prices to the end user. This will definitely give us a competitive edge in the market. We are committed to the community and are happy to be here."

Located near Sitarganj, the unit is placed in the rich fertile triad belt, surrounded by lush green fields & forest encompassing wild habitation and is on a 2 acre plot with an investment of Rs. 9 crores. Setco’s new and improved products will be manufactured here to give customers better performance for every rupee spent."

Further, the setting up of this facility would provide leverage in terms of the reliable supply chain to meet the consumer requirements. The capacities freed at Kalol will be used to produce our new and improved product lines to the OEMs and meet their global requirements. It will also allow us production diversity without losing productivity.

The facility will be commencing production immediately after the inauguration. In the next 5 years it will add more products and capabilities and at least triple its employment creating value added jobs for the local community.
 

 

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