SkyscraperCity Forum banner

Chennai Projects Update thread - III

4M views 13K replies 613 participants last post by  rskarthik2k3 
#1 ·
#1,665 ·
If then, Are We (TN) lagging back so much with MH.? Why TN unable to get such huge investments then :(

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm
these fdi figures track all proposed investments and projects currently under implementation. so, if a project was proposed say 10 years ago and still not started or under construction, that would still be a part of this figure. typically along with this figure they also publish project implementation rate and it did mention that mh was lagging on this. enron project (now dabhol) is still not complete even after decades - i don't know if it is anymore fdi though. so basically it is not a great stat. tracking just gdp growth rates along with per capita income provide better info.
 
#1,666 ·
IIM to be set up in TN

In a bid to give an impetus to the higher education sector, the government on Friday decided to establish four new Indian Institutes of Technology and six Indian Institutes of Management in various states, besides upgrading some of the state universities to the status of central universities.

While the new IITs would be located in Orissa, Madhya Pradesh (Indore), Gujarat and Punjab, the IIMs would come up in Tamil Nadu, Jammu and Kashmir, Jharkhand, Chhattisgarh (Raipur), Uttarakhand and Haryana.

http://www.rediff.com/money/2008/mar/28iit1.htm
 
#1,667 ·
DCM Engg to invest Rs 200 cr in new plant in Chennai

http://economictimes.indiatimes.com..._new_plant_in_Chennai/articleshow/2907930.cms

CHANDIGARH: Auto-components manufacturer DCM Engineering on Friday said that it will invest Rs 200 crore for setting up its new facility in Chennai to meet growing requirement of automotive industry.

"A piece of 50 acres of land has been acquired in Chennai for setting up new facility, which will manufacture engine blocks. It will be our second plant after Ropar in Punjab," DCM Engineering Chief Mentor Keshav Schdev told reporters here.

The facility, with proposed capacity of 50,000 tons units per annum, would be operational within two years and cater domestic and export markets, he said.

The company is evaluating the option of raising money through debt, internal accruals and private equity placement to fund this project, he informed.

Post expansion, the company is looking to double the turnover to Rs 700 crore from Rs 350 crore at present.

With the setting up of plant in Chennai, the company hopes to cut down the input costs, which are, at present, higher in Punjab.

"We will be able to source steel scarp at cheaper rate as compared to its prices in Punjab," he said.

In addition to it, the automotive market has expanded in southern states with several big companies setting up their production units in there, he said, adding the setting up of new unit would also enable the company to meet the requirement of the industry in south India.

In domestic market, DCM supplies its products to Maruti Udyog, Hyundai Motors, Mahindra & Mahindra, International Tractors Ltd, Ashok Leyland etc
 
#1,668 ·
I think that you have got him wrong here.

What he has said is that the on line rading of commodtities should be banned. He has a valid point here. People sitting somewhere in the world blocks (on line) big volume of essential commodities and the poor farmers and the local traders do not have a clue nor control. Lots of disputes have already arisen since the farmers are not able to stick to the old commitments.

There was a situation when the availability of a pulse (daal) was almost nil in the market (though it was available in abundance physically in Tamil Nadu). The price shot up by 20% because of that and then the stocks were released. This is just manipulation and hoarding.

Though it may look similar to share market,but there is a basic difference. In essential commodities, the major consumer is common man and he is gullible and does not have a say in fixing the price. This is against the very basics of market economy. (where the supplier and the consumer will act as per the market forces - demand & supply).

Similar game is played by OPEC wrt crude oil.
Kannan,

You are right upto some extent. It is avery big topic but I wantto point out few things.

1) Keep in mind Futures trading takes place every where in world and we do not see spot prices pf commodities getting influence because of that.


2) Online trading is used for various financial products and derivatives and its is very efficient compare dto pit ..so banning it will be futile.

3)
Futures prices are generally referred as predictors of future spot
prices and tend to provide direction to spot prices thereby helping in
price discovery as well as minimization of price fluctuations.

As you pointed out, Futures trading (both Online and pit trading) does affect common man, if the market is not efficent. In short run, it will appear thet some people may try to corner market but it is difficult to do over the course of time.

4) The party attempting to corner a market can become very vulnerable, due to the size of their position, especially if this becomes widely known. If the rest of the market senses weakness, they will resist any attempt to artificially drive the market any further than some point, by actively taking opposing positions.

5) Finally it all comes back to the basics - demand & supply
 
#1,669 ·
Kannan,

You are right upto some extent. It is avery big topic but I wantto point out few things.

1) Keep in mind Futures trading takes place every where in world and we do not see spot prices pf commodities getting influence because of that.


2) Online trading is used for various financial products and derivatives and its is very efficient compare dto pit ..so banning it will be futile.

3)
Futures prices are generally referred as predictors of future spot
prices and tend to provide direction to spot prices thereby helping in
price discovery as well as minimization of price fluctuations.

As you pointed out, Futures trading (both Online and pit trading) does affect common man, if the market is not efficent. In short run, it will appear thet some people may try to corner market but it is difficult to do over the course of time.

4) The party attempting to corner a market can become very vulnerable, due to the size of their position, especially if this becomes widely known. If the rest of the market senses weakness, they will resist any attempt to artificially drive the market any further than some point, by actively taking opposing positions.

5) Finally it all comes back to the basics - demand & supply
Futures is not demand and supply, but speculation by investors. Read what Warren Buffet says about derivatives, even he came out against it recently.
 
#1,671 ·
CM to open Kodambakkam flyover

Chennai, March 29: The first bridge constructed by the present DMK regime to ease traffic in the city would be inaugurated by chief minister M. Karunanidhi on Sunday. The North Usman Road flyover, built on the intersection of Kodambakkam High Road and Mahalingapuram Road, at a cost of Rs 9.72 crore will reduce traffic bottlenecks in the Kodambakkam, Mahalingapuram and T. Nagar areas. On Saturday, state local administration minister M K Stalin inspected the flyover and reviewed the finishing touches on the spot. It is a two-way flyover running through a length of 472 mts with a width of 8 mts constructed in six months. Chennai mayor M Subramanian, corporation commissioner Rajesh Lakhoni and top civic officials were present with Mr Stalin during the inspection.

According to corporation sources, at least a dozen bridges would be completed in Chennai in the next two years. Traffic congestion in Kodambakkam and T. Nagar would ease by this October as constructions of four bridges are nearing completion. Designs are also ready for four new bridges at Madhya Kailash, Thiruvanmiyur, Mint junction and Basin Bridge, the sources said. The bridge in T. Nagar near Pothys junction would be ready by July. Piling works are underway at G N Chetty Road and this bridge would be inaugurated by October.CM to open Kodambakkam flyover

http://www.deccan.com/chennaichronicle/City/CityNews.asp#CM to open Kodambakkam flyover
 
#1,672 ·
CM to open Kodambakkam flyover
Chennai, March 29: The first bridge constructed by the present DMK regime to ease traffic in the city would be inaugurated by chief minister M. Karunanidhi on Sunday. The North Usman Road flyover, built on the intersection of Kodambakkam High Road and Mahalingapuram Road, at a cost of Rs 9.72 crore will reduce traffic bottlenecks in the Kodambakkam, Mahalingapuram and T. Nagar areas. On Saturday, state local administration minister M K Stalin inspected the flyover and reviewed the finishing touches on the spot. It is a two-way flyover running through a length of 472 mts with a width of 8 mts constructed in six months...

http://www.deccan.com/chennaichronicle/City/CityNews.asp#CM to open Kodambakkam flyover
:cheers:
 
#1,673 ·
CM to open Kodambakkam flyover

Chennai, March 29: The first bridge constructed by the present DMK regime to ease traffic in the city would be inaugurated by chief minister M. Karunanidhi on Sunday. The North Usman Road flyover, built on the intersection of Kodambakkam High Road and Mahalingapuram Road, at a cost of Rs 9.72 crore will reduce traffic bottlenecks in the Kodambakkam, Mahalingapuram and T. Nagar areas. On Saturday, state local administration minister M K Stalin inspected the flyover and reviewed the finishing touches on the spot. It is a two-way flyover running through a length of 472 mts with a width of 8 mts constructed in six months. Chennai mayor M Subramanian, corporation commissioner Rajesh Lakhoni and top civic officials were present with Mr Stalin during the inspection.

According to corporation sources, at least a dozen bridges would be completed in Chennai in the next two years. Traffic congestion in Kodambakkam and T. Nagar would ease by this October as constructions of four bridges are nearing completion. Designs are also ready for four new bridges at Madhya Kailash, Thiruvanmiyur, Mint junction and Basin Bridge, the sources said. The bridge in T. Nagar near Pothys junction would be ready by July. Piling works are underway at G N Chetty Road and this bridge would be inaugurated by October.CM to open Kodambakkam flyover

http://www.deccan.com/chennaichronicle/City/CityNews.asp#CM to open Kodambakkam flyover

I happened to pass thro this flyover last dec 1 to be exact and i saw a lot of work yet to be done. if i remember it was not even touching the ground. nice to see completion within 5 months...

cheers :)
 
#1,677 ·
I am surprised, if one can build a bridge in just 10 lakh rupees? :nuts:
he he. Me too wanted in my name. This is dinamalar typo error as usual, as you aware guys!:lol::lol:
 
Top