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Old November 19th, 2008, 05:49 PM   #41
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Topworth to set up 600-mw power plant

Topworth Group of Companies, which is involved in iron and steel-making, aluminium, mining, energy and cargo aviation, is setting up a 600-mw coal-based power plant in Chhattisgarh. The plant will come up on about 1,100 acres at Sapnai village in Raigarh district. "We have acquired land for the project," said Pawan Khemani, a senior company official said.

The company has applied for coal linkages which are expected soon. The Government of Chhattisgarh, which recently went to the polls, has assured one coal block while the Maharashtra government will allot three blocks from Nagpur.

The project is estimated to cost Rs 2,400 crore which will be funded through a debt-equity of 60:40. Procurement and installation works have begun and construction is likely to start in January 2009, a company official said. The project will come up in two phases of 300 mw each, with phase-I scheduled to commence generation by the end of next year.

The group is also planning a major expansion in steel. Topworth Steel & Power Pvt. Ltd, a subsidiary, is expanding its hot steel rolling plant capacity from 1.55 lakh tpa to 2 million tpa, and that of the power plant from 20 mw to 28 mw. The group, which boasts its own land bank, will take up the expansion in 2010.

Meanwhile, Topworth Pipes & Tubes Pvt. Ltd, another group company, is setting up a 300,000-million tpa HSAW and 75,000-million tpa ERW plant on about 120 acres at Khopoli, Maharashtra.

Source: http://www.projectsmonitor.com/detai...17369&secid=80
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Old November 26th, 2008, 06:47 PM   #42
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8 in fray for JNP container berth

Eight developers have sought to qualify for Jawaharlal Nehru Port Trust's standalone container berth, proposed to come up on BOT basis, a senior port official said. Prominent among those in the fray include DP World, ABG Infralogistics, IL&FS, Adani Port, Larsen & Toubro Ltd and Sterlite Group.

Some developers have entered into consortia with terminal operators in bidding for the project that is estimated to cost Rs 600 crore. Gateway Terminals India (a 74:26 joint venture between APM Terminals and Container Corporation of India) which manages one terminal at JNPT was not allowed to participate in the bidding process to prevent a "monopoly situation," officials said.

The standalone berth with a quay length of 330m will be north of the existing Nhava Sheva Container Terminal that is being operated by DP World. The proposed terminal is designed to handle 0.6 million teu of container traffic, officials said. The project will have a concession period of 18 years, including construction time. JNPT has already prepared the techno-economic feasibility report and environmental clearances are also in place.

Discussing the bidding process, officials said that some delay was encountered when one of the aspirants—ABG Infralogistics—moved court contesting against an eligibility clause regarding a priori operations and maintenance experience of incumbent developers. The court has ruled in favour of the bidder and the matter now stands resolved, officials said. "We will now move to inviting requests for proposals, once the RfQ evaluation is complete," they said. A senior official of ABG Infralogistics said that it had sought "a small clarification" on the matter and that it has since been resolved. He also said that the JNPT project could be furtherance to the company's container terminal business. ABG has 51 per cent stake in the Kolkata terminal and wholly owns the Kandla terminal. In the latter, Voltri of Italy is the operations and maintenance contractor without participating equity stake.

JNPT officials also said that the selected developer of the standalone berth will not be allowed to participate in the mega 4.4 million teu container terminal that is awaiting government clearance. This terminal, with a quay length of 2 km, would be the largest container terminal in India, by current thinking. It is expected to cost around Rs 4,500 crore and will come up on BOT basis.

In the first half (April to September) of 2008-09, the three terminals at JNPT handled a combined traffic of 2.130 million teu, nearly 10 per cent higher than last year. In 2007-08 (April to March), the port that accounts for 60 per cent of India's box traffic, handled 4.06 million teus as against a target of 3.6 million teu for the year and 3.3 million teu handled in 2006-07.

Source: http://www.projectsmonitor.com/detai...17423&secid=41
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Old November 27th, 2008, 03:23 PM   #43
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PLG Power investing Rs 500 cr to make solar modules

Pune, Nov. 26 PLG Power Limited, the flagship energy and power division of the PLG Group, is investing Rs 500 crore to set-up a project at Sinnar near Nashik to manufacture Solar Photovoltaic Modules.

This is the company’s first solar energy facility, and the 100 per cent EOU is being set up under the technical and turnkey collaboration with Spire Corporation, Boston, US. It is to be inaugurated on December 4.

The solar power project involves installed capacity of 25 MW in the first phase. This will be gradually ramped up to 150 MW by June 2010.

Mr Pramod K. Goel, Chairman and Managing Director, PLG Power Limited, said, “Our annual export sales turnover from our first phase of 25 MW will be Rs 450 crore.”

After the second phase of expansion (50MW by June 2009), the company expects to touch an export turnover of Rs 1,000 crore and achieve annual revenue of Rs 3,000 crore by the end of 2010, according to Mr Punit Goyal, Director, Finance.

He added that the company has signed MoUs and 5-year-long term agreements with its suppliers and buyers worldwide, and secured export orders to back up its expansion plans.

The Rs 2,000-crore PLG Group is involved in manufacturing and agro-based industries in Mumbai and Kolkata.

The inauguration of the Sinnar EOU will be followed by the laying of a foundation stone for yet another 100 per cent EOU at SEZ, Indore by PLG Photovoltaic Ltd., another group company, on December 8.

The company is investing Rs 400 crore to manufacture high efficiency solar cells and modules at this location and will use technology from German company Schmidt GmbH.

Source: http://www.thehindubusinessline.com/...2751750300.htm
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Old December 3rd, 2008, 06:04 PM   #44
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Sagar Wines' Yavatmal sugar unit complete

Sagar Wine Manufacturing & Marketing's 2,500 tccpd sugar unit in Yavatmal district of Maharashtra has been completed. The project also involves setting up a distillery unit having a capacity of 1 lakh litres per day and expansion of co-generation power unit from 5 mw to 29 mw. The entire project, entailing an investment of Rs 124 crore, is spread over 225 acres.

Work on the distillery plant is expected to commence in February 2009, with completion scheduled by August 2009. The expansion work of the power unit will commence by August 2009 and is likely to be complete by February 2011. The company is currently holding talks with Tata Power & Reliance Power for supplying power to them.

Source: http://www.projectsmonitor.com/detai...17504&secid=80
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Old December 3rd, 2008, 06:04 PM   #45
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Mahavitaran to invest over Rs 30,000 cr

Maharashtra State Electricity Distribution Company Ltd (or Mahavitran), the state-owned power distribution utility, plans to take up infrastructure works worth Rs 31,925 crore. Mahavitran has tied up around 85 per cent of the total debt component. Work orders valued at Rs 3,192 crore will be awarded in December followed by Rs 5,826 crore later. The overall upgrade programme comprises 119 different schemes, including construction of 565 substations of 33kV each.

Source: http://www.projectsmonitor.com/detai...17470&secid=32
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Old December 20th, 2008, 05:22 AM   #46
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MTDC plans IHM College in Solapur

In a recent development, Maharashtra Tourism Development Corporation (MTDC) is considering the set up of an International Hotel Management (IHM) institute in Solapur. In this regard, the corporation is working with Switzerland-based Kuoni Travel Group to receive international acclamation and standards for the institute.

Talking about the development, Vijay Chavan, General Manager, MTDC said, “Currently, the travel and tourism industry is falling short of skilled and trained staff. The number of international and local hotel chains in India increases every day. To meet requirements, MTDC plans to have a training institute for the hospitality industry.” Investments for the institute and course structure have not been decided upon as yet. Last month, MTDC and Kuoni Travel Group signed an MoU to build, develop and promote tourism in both countries, India and Switzerland.

Source: http://www.hospitalitybizindia.com/d...aid=2888&sid=1
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Old December 31st, 2008, 06:43 PM   #47
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Maha govt plans Rs 4500 crore investment plan for power sector

MUMBAI: The Maharashtra government on Tuesday unveiled an ambitious Rs 4,500-crore investment plan for the power sector to meet its energy
requirements by 2012.

Replying to the debate on last week’s resolution on power crisis moved by Leader of the Opposition, Ramdas Kadam (Shiv-Sena), and Eknath Khadse (BJP) in the state legislature, state energy minister Sunil Tatkare said the Cabinet has already taken the decision to invest Rs 4,500 crore in the next 2-3 years.

Listing out measures initiated to reduce load-shedding hours and improving the overall power scenario, he admitted that power stations have outlived their utility and are unable to work efficiently. Mr Tatkare said that during the past 7-8 years, the state has witnessed growth in demand for power while the installed power generation capacity stood at 6,700 mw. “Since power generation plants are old, they often face breakdowns, which suddenly cut off power supply,” he added.

As for the coal shortage faced by the state thermal power plants, Mr Tatkare said he had held discussions with the CMD of Western Coalfields recently to sort out the issue so that thermal plants can get an uninterrupted coal supply.

According to the minister, the state government is expecting the situation to improve between January and March 2009 with addition of 1,500 mw in phases.

Source: http://economictimes.indiatimes.com/...ow/3915459.cms
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Old January 5th, 2009, 04:31 PM   #48
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Upgrade of airports to boost export draws flak from CAG

Report says airstrips have not been used for air cargo.

Mumbai, Jan. 4 Five small airports in Maharashtra, which were upgraded with Centre’s financial assistance for boosting exports, hardly handle any export cargo, the Comptroller and Auditor General of India (CAG) has said in its latest report.

These airports, upgraded by Maharashtra Industrial Development Corporation (MIDC), are at Solapur, Nanded, Karad, Kolhapur and Latur.

According to the CAG (Commercial) report, the Centre gave Rs 108 crore between 2002 and 2007 to MIDC for infrastructure upgrade at small airports and industrial parks. At the airports, the funds were spent on creating facilities for exports.

MIDC, the report said, entered into an agreement with Pune-based Mitcon Consultants for preparation of project reports. The consultants were paid Rs 36.80 lakh till March 2007 against total consultancy charge of Rs 43.63 lakh.

Holes in Report

The CAG report pointed out that the “airstrip project reports” were not supported by any request or recommendations for air cargo facility from any industrial unit. There was no evidence of usage of the existing cargo facilities by any industries.

CAG report also stated that the export data on perishable items such as milk products, meat, fruit, vegetable processing products, cotton stalk, mushroom, jowar flakes and starch were not available in any of the project reports. On the other hand, data about steel sheets, dairy equipments, cotton stalk, which are usually not exported by air, were listed in the project reports.

Cash down the drain

Even more appalling was that MIDC spent Rs 138 crore for the projects with no tangible benefits.

MIDC received funds from Centre under the Assistance to States for Developing Export Infrastructure and Allied Activities scheme, which was introduced in 2002, and the money was channelled through the Commerce Ministry.

Scheme for States

The scheme was to encourage participation of States for creating infrastructure for the development and growth of exports. Projects for boosting exports and those having direct linkage with exports were included in the scheme.

In Maharashtra, the ASIDE scheme was monitored by a State-Level Export Promotion Committee headed by the Chief Secretary.

The CAG report has revealed that a majority of the committee members of the committee had opposed upgrading the five airports. They unanimously wanted to develop the infrastructure at the Jawaharlal Nehru Port near Mumbai. But the committee allegedly went ahead with the decision based on the directive of Mr Ashok Chavan, the then Industries Minister.

Missing Proof

Of the Rs 49 crore sanctioned for creating export infrastructure at Nanded airport, which also happens to be the constituency of Mr Chavan, Rs 18 crore was utilised until March 2007. The CAG reports stated that there is no evidence of exports of any air cargo from this area.

“It was seen that the export turnover of Rs 146 crore in 2004-05 shown in the report (project report) related to one industrial unit producing steel sheets, which had no direct link with expansion of the airstrip.

“There was no evidence that the unit was exporting its final product by air using this airstrip. The project report included export-oriented IT units. However, no IT units have been established till date at Nanded,” the CAG report added.

Source: http://www.thehindubusinessline.com/...0550421300.htm
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Old January 24th, 2009, 04:04 AM   #49
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Wheels India’s to set up facility in Deoli

Chennai, Jan. 23 Chennai-headquartered Wheels India Ltd has informed BSE that the company has taken on long-term lease about 30 acres of land from Maharashtra Industrial Development Corporation in Deoli in Wardha District. This is for setting up manufacturing facility to make steel structural parts for power plant projects.

The project will call for an investment of Rs 45 crore and will be spread over a period of three years to make 50,000 tonnes of steel structural parts a year. The facility is likely to commence commercial production in the second quarter of 2009-10.

The company manufactures wheels for commercial vehicles, passenger cars, utility and off-road vehicles.

Source: http://www.thehindubusinessline.com/...2451500200.htm
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Old January 30th, 2009, 05:54 AM   #50
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RIL shelves Rs.1,500 crore captive power plant

Reliance Industries (RIL) has cancelled its plans to set up a 345 MW captive power plant at its Nagothane manufacturing unit in Maharashtra at an investment outlay of Rs.1,500 crore.

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Old January 31st, 2009, 04:01 AM   #51
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DSK Toyota plans expansion in Maharashtra

DSK Toyota, dealer of Toyota vehicles, with its presence in six districts in the Maharashtra, is expanding its network.

The DSK Group Chairman and Managing Director, Mr D.S.K. Kulkarni, told newspersons that the company would be opening its second dealership in the cityat Hadapsar.

Investment plans

He said an investment of Rs 35 crore is being utilised for sales, service and spares. The first dealership, located at Bavdhan on NH4 is spread over 60,000 sq ft. Apart from adding a new facility in the city, it would also open another facility at Ahmednagar and Solapur, which would be operational by December 2009.

Mr Kulkarni said DSK Toyota which has a market share of around 40 per cent in the MPV segment and over 30 per cent in the C sedan category in this region is estimating to cross Rs 400 crore for the current financial year.

It had recorded a turnover of Rs 300 crore in the last fiscal and was looking at a target of Rs. 1,000 crore by 2011, he said.

The sales target for the current year is 1,800 Innova he said.

The average sales/month hovered around 160 and in December, it had crossed 160 vehicles.

Source: http://www.thehindubusinessline.com/...3151392300.htm
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Old January 31st, 2009, 07:30 AM   #52
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First mega food park for Maharashtra

Pune-based Chordia Food Products Ltd has received 'in principle' approval for setting up a mega food park at Shirwal in Maharashtra, under the mega food park scheme of the ministry of food processing industries.

Speaking to Projectmonitor, Sameer Kulkarni, Commercial Manager, Chordia Food Products, said that the park would come up on around 100 acres of land in the Pune-Satara region, and the land required had already been allotted. The company has submitted the DPR to the ministry and will start construction work after it is cleared. The company will execute the project within the stipulated timeframe of 24 months as specified by the Ministry, the official noted.

The food park will comprise processing and export zones, domestic sales and marketing units, and packaging zones, and provide various allied services like storage and transport. The estimated Rs 150-crore project will be funded through term loans, private equity and assistance from the Central government, Kulkarni said.

The mega food park will be the first such facility to be constructed by Chordia Food Products in Maharashtra. The company already owns a food park at Shirwal.

Source: http://www.projectsmonitor.com/NEWPR...or-maharashtra
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Old February 4th, 2009, 05:05 PM   #53
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Maharashtra Govt signs 5 MoUs for Rs 6,000-cr investments

Mumbai, Feb .3 The Maharashtra Government has approved 135 mega projects since June 2005 which have brought in an investment of Rs 1.53 lakh crore. . The projects have potential to generate five lakh jobs in five to seven years, said Mr A Khan, Industries Secretary.

Mr Khan was addressing the media at a function on Tuesday, where five companies signed MoUs with the Government.

He said that 35 mega projects were approved in the current fiscal, of which 16 were given the go-ahead in the current month. The rate of implementation of projects is 51 per cent. Some of the companies which signed up today have already acquired land for the projects, “It just shows the level of confidence the industries have in the state” Mr Khan said.

The five new MoUs will bring in an additional investment of Rs 6,089 crore. The investment figure could increase with some of the companies further scaling up the investment over a period of time.

Mining major Ashapura would be investing Rs 4,200 crore in a 0.5 million tonnes capacity alumina refinery along with 0.15 million tonnes aluminium smelter at Rajapur in Ratnagiri district. Uttam Galva Metallics Ltd would be investing in Rs 1,096 crore in iron making facility having a capacity of 0.5 million tonnes in the back ward region of Wardha.

Topworth Pipes and Tubes Pvt Ltd would be setting up steel saw pipes facility in Raigad district with an investment of Rs 459 crore. Abhishek Corporation Ltd, which has major interest in textiles and infrastructure projects, would be investing Rs 217 crore in dyed yarn facility which will annually produce 8 million tonnes of yarn. Gopani Iron & Power (India) Pvt would be investing Rs 117 crore in a 75,000 tonnes/annum steel plant.

Also addressing the media, Mr Ashok Chavan, Chief Minister of Maharashtra, said that in spite of recession, the investments are flowing. “The State is already ‘vibrant’ we don’t have to prove it”. The backward districts such as Wardha and Ratnagiri would benefit from the new MoUs, he said.

Mr Chavan also announced that thenew IT policy would be announced in a few days.

Source: http://www.thehindubusinessline.com/...0451191700.htm
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Old February 6th, 2009, 07:43 AM   #54
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Ashoka Group to set up Rs 1,000 cr university

Ashoka Group will be investing Rs.1,000 crore to set up an international-level university at Igatpuri near Nashik.

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Old February 13th, 2009, 10:15 AM   #55
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Rajebahadur Hospital mulls Rs.100 crore expansion

Nashik-based Rajebahadur Hospital & Research Centre (RHRC) has chalked out a Rs.100 crore expansion plan for the next two years....... Read More
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Old February 18th, 2009, 04:10 AM   #56
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Maharashtra Government to set up Technology University

Quote:
Mumbai:

In an attempt to have a standardised and up-to-date curriculum in engineering, management and pharmacy colleges across the state, the higher and technical education department is in the process of setting up a technology university, as reported in DNA.

According to the state's higher education minister Rajesh Tope, 70-80% colleges affiliated to traditional universities deal only with the mainstream courses of arts, science and commerce.

"Universities are not able to give full attention to professional colleges. Their curriculum is also outdated and therefore of no use to the companies that recruit our students," he said.

The university will be set up in two phases, probably in Aurangabad, said Tope. The budget for the first phase, which would include the affiliations, setting up of board of studies, academic council, etc, is expected to be around Rs50 crore.

"Different universities in the state follow different curriculum. If we introduce one university for all engineering colleges across the state, then the curriculum will be standardised and it can be updated from time to time"" said Tope.

Also in the pipeline are a law university and an art university called the Lalit Kala Vidyapeeth. Once it is set up, all law colleges in the state will be affiliated to the law university.

On the other hand the Lalit Kendra Vidyapeeth would have courses in dance, art, music, theatres, painting, etc.
Source: Mid-day
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Old February 18th, 2009, 11:14 PM   #57
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Four Windmills to come up in Maharashtra

Quote:
Four windmills will soon come up in Maharashtra for which the government has diverted over 127 hectares of forest land, the Lok Sabha was informed on Wednesday.


All these projects are located in Satara district in the commercial state, Environment Minister Namo Narain Meena said in a written reply.


The diversion of forest land for the projects has been done under the provision of the Forest (Conservation) Act, 1980, the minister said, adding the user agencies have deposited money for compensatory afforestation and other purposes.
Source: Mid-day
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Old February 28th, 2009, 03:26 PM   #58
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Mega food park in Satara to begin operations

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One of the 10 mega food parks included in the 11th Plan will start operations on February 28, 2009; a Rs 120 Crore project located on 75 acres adjacent to the Western Agri Food Park at Shirwal in Satara, will benefit some 10000 farmers in Pune, Satara, Sangli and Kolhapur districts. Choradia Food Products and Praveen Masalewale will own 49 per cent, the farmers will own 15 per cent and the remaining will be with companies, including Akruti City Ltd, Ashoka Builders, Poona Dal and Besan Mills, among others. The park has begun processing 400 tonnes of tomatoes and 50 tonnes of other fruits per day.

The Centre will contribute Rs 50 Crore towards common facilities in the park and another Rs 500 Crore will be raised from processing units that come up in the park. According to Pradeep Choradia, Chairman of the food park, about 400 products have been listed for entrepreneurs and a business model is being prepared for them. The park will include 10 collection centres in the Pune and Satara districts and five mobile collection centres in other locations. A knowledge centre will be located at Shindewadi on the outskirts of Pune and the park will include common processing facilities for fruits and vegetables, quality control labs, storage facilities, pre-cooling units, a packaging facility, R&D centre, business incubation centre and a business centre.

http://www.hospitalitybizindia.com/d...aid=3797&sid=1
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Old March 2nd, 2009, 05:44 AM   #59
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Citrus International to set up orange processing plant in Maharashtra

Citrus International to set up orange processing plant in Maharashtra

Citrus International has decided to set up an orange processing plant with the capacity to crush four-lakh tonne per annum in Amravati, Maharashtra entailing an investment of Rs. 170 crore. Citrus has signed an MoU with Maharashtra Government to implement the proposed project with a capacity to crush four lakh tones of oranges annually.

The Swiss company will process the mandarin oranges, sweet oranges and satgudi, a type of citrus fruit. Maharashtra Government has waived off one per cent cess normally paid and agreed to provide collection centres and grading facilities. Citrus International is also examining the proposal of orange farming in the surrounding areas of Amravati.
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Old May 7th, 2009, 11:09 AM   #60
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1st nano car and now nano home ...

Well now tata has launched a low-cost housing project christened 'Shubh Griha' in Boisar, Maharashtra on 6 May 2009. .... Read More

Last edited by vidya; May 8th, 2009 at 06:09 AM.
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