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Old July 13th, 2007, 09:46 AM   #81
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Gujarat next biotech hub, number of companies up 50 per cent



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Ahmedabad: The State is turning into a biotech hub. While big pharma companies such as Zydus Healthcare plans to focus on biotech in a big way, more pharma companies are mulling a foray into the sector.

What’s more, a large number of smaller players have emerged in the state — including some shifting base from centres like Hyderabad. The Gujarat State Biotechnology Mission (GSBTM) believes the number of biotech companies has shot up by 50% in the past three years.

If earlier, biotechnology was mostly confined to a few national research laboratories and universities, recently there has been a substantial rise in the biotech investment in Gujarat.

The GSBTM now plans to undertake a study of the new companies dealing in biotechnology which have come up in the state after 2004. “We had undertaken a study to analyse companies as well as the activities they carry out in 2004. Our results showed there were about 30 companies then. Now, our intelligence suggests there are over 45 companies dealing in biotechnology. Also, a lot of existing players have increased their capacities,” says a senior government official.

“Stepping out of the laboratories, biotechnology has shown tremendous potential of industrialisation. The state’s approach to biotech development is reflected from the fact that the new Biotechnology Policy has major focus on promoting biotech research and extending support in the form of incentives, concessions and benefits to new players,” says Mani Iyer, director of Intas Biopharmaceuticals (IBPL), an Ahmedabad-based fully integrated biopharmaceutical company, which is currently expanding its research and development (R&D) facility at Moraiya plant that will enable the company to undertake 10-12 projects at a time.

As many as 15 companies, including home-grown pharma major Zydus Cadila group, have pledged a total investment of Rs 1,541 crore over the next few years. Zydus is investing Rs 100 crore in a large manufacturing and scale-up facility for recombinant biological therapeutics. A senior Zydus official said the group is looking at biotechnology in a big way.

“The state has everything going for it. Places like Hyderabad and Bangalore have a few big players whereas Gujarat has a lot of good companies, which are doing very well,” says Concord MD Biotech Sudhir Vaid.

Industry sources say on the biotechnology front, Gujarat offers lot of scope and potential in areas of agricultural BT, pharma and healthcare BT, animal BT, environment BT and marine BT. “Government has addressed the concerns of each of these areas by encouraging the development of dedicated biotech clusters and biotech parks. Additionally, Gujarat has BT policy and Gujarat Industrial Policy to facilitate development of small, medium and large-scale industries,” says Mr Iyer.

Such is the lure of the state that companies such as Hyderabad-based Vaishnavi Biotech have started moving to Gujarat. The Hyderabad-based company is setting up a project in Bhavnagar.
http://economictimes.indiatimes.com/...ow/2199280.cms
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Old July 27th, 2007, 08:13 AM   #82
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DLF to invest over Rs 6,000 cr in Gujarat

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Ahmedabad July 27, 2007: Real estate major DLF Ltd will be investing over Rs 6,000 crore in Gujarat in next 2-3 years.

The Delhi-based company would be taking projects like IT parks, residential, retail and other projects through this investment. It is already investing Rs 3,000 crore of these for setting up three IT Parks, one each in Gandhinagar, Ahmedabad and Vadodara.

Moreover, the company is interested in investing for port, airport and other infrastructure projects in the state. DLF is eyeing major cities of Gujarat like Ahmedabad, Vadodara, Surat and Rajkot for these projects.

“We are launching our first IT Park in Gujarat at Gandhinagar and will be building another two in Ahmedabad and Vadodara at a total investment of Rs 3,000 crore. We are also interested in building at least one airport at an investment of roughly Rs 5,000 crore as well as a greenfield port at an investment of again Rs 4,000-5,000 crore,” said Rajiv Singh, Vice Chairman, DLF Ltd, adding that the company has responded to EoIs to the government of Gujarat.

Spread across an area of 25 acres, the IT Park at Gandhinagar is expected to be completed in 18 months, with the first phase to be completed in nine months.

To be built at an investment of over Rs 800 crore, the IT Park has received a formal status of a special economic zone (SEZ) and is expected to generate employment for around 30,000 persons.

Singh informed that the company will also be setting up around 6-7 hotels under a joint venture (JV) with Hilton Group of Hotels. The JV would be setting up 70-100 hotels across the country in the next 5-7 years.

“According to a recent Nasscom report, the IT-ITES exports of India, which was $26 billion, will be $60 billion by 2010. Therefore, there is still a lot of scope for the business and Gujarat seems to be an emerging IT hub after Bangalore and Pune,” added Singh.

Meanwhile, Singh said that the company’s subsidiary, DLF Assets will be raising a couple of billion dollars and may possibly raise it through an IPO in a year or two.

The real estate company earned a turnover of around Rs 3,000 crore in the 1st quarter and is expecting to grow by over 20 per cent.

With diversification in mind, DLF has recently entered into a JV with USA-based Prudential Insurance for introducing several financial products including life insurance.

The company, with a stake of 74 per cent in the JV, has applied to IRDA and is expecting a license soon in the current fiscal, said Singh.

- The Business Standard
Source:http://www.projectswire.com/news/newsdetails.aspx

Finally I'm happy as I am Guju I'm happy that something is going to change in Gujarat even though I'm originally from Mumbai. Huge investment in every category like IT, Retail and Blah Blah. The reason why many people not investing in Gujarat due to riots in 2002 between Hindus-Muslim that's why big companies fear and so as NRI that something might not be good to them or could prove big loss to them. Otherwise if the riot didn't take place then Gujurat must have been booming of investment and it could be posibly all companies out there as of my opinion.
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Old August 3rd, 2007, 01:13 AM   #83
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Originally Posted by vibs89 View Post
Finally I'm happy as I am Guju I'm happy that something is going to change in Gujarat even though I'm originally from Mumbai. Huge investment in every category like IT, Retail and Blah Blah. The reason why many people not investing in Gujarat due to riots in 2002 between Hindus-Muslim that's why big companies fear and so as NRI that something might not be good to them or could prove big loss to them. Otherwise if the riot didn't take place then Gujurat must have been booming of investment and it could be posibly all companies out there as of my opinion.
If I am not wrong, Gujarat still attracts more investment than any other state. Anyone got a breakdown of FDI?

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From construction update
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Old August 3rd, 2007, 09:25 AM   #84
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Originally Posted by indiansunite View Post
If I am not wrong, Gujarat still attracts more investment than any other state. Anyone got a breakdown of FDI?

____





________



From construction update
there you go dude.....

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm

http://dipp.nic.in/fdi_statistics/in..._april2007.pdf
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Old August 3rd, 2007, 05:02 PM   #85
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Gujarat is improving rapidly! The greenfield ports and the new infrastructure! Narendra Modi is on the right track...(except for his hardline view).
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Old August 5th, 2007, 07:38 AM   #86
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Another Gujarat growth story -

Gujarat's agri productivity increases from Rs 9,000 crore in 2001-02 to Rs 34,000 crore in 2006-07

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Agricultural production in Gujarat increased four times from Rs 9,000 crore in 2001-02 to Rs 34,000 crore in 2006-07 following the introduction of 'Krishi Mahotsav', the state's Minister of State for Agriculture Dilipkumar Thakor said on Friday.

Considering the plight of farmers in Gujarat, Chief Minister Narendra Modi drew up the Krishi Mahotsav programme to enhance their income. Scientists and officials went to villages and advised farmers on the use of fertilizers, pesticides and pattern of crops, Thakor said.

The initiative proved successful and farmers are a happy lot now due to increased productivity and income from agriculture, horticulture and animal husbandry, Thakor said while interacting with scientists of the Tamil Nadu Agricultural University here.

About 700 scientists and officials visited over 18,600 villages and met nearly one lakh farmers. The Gujarat government wanted to see the income of the farmers doubled in five years, he said.

The main aim was to restructure the system and reframe agriculture policy by strengthening research and links between scientists and farmers and to bring about a change in the attitude of farmers, Thakor said.

Later, talking to reporters, Thakor said Gujarat and its agricultural universities are exploring the possibility of entering into collaborations in various fields of agriculture and horticulture.
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Old August 8th, 2007, 10:05 PM   #87
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Bombardier setting up metro coach factory in Vadodara


In a multinationals’ first foreign direct investment in the metro coach manufacturing sector, Canadian firm Bombardier Transportation plans to set up the country’s first metro coach factory in Vadodara by May-June 2008.

Bombardier will manufacture coach shells and bogies in the new factory and expand its existing factory (which manufactures converters for Indian Railways’ locomotives) to make propulsion equipment for metro coaches.

Investment

He added that factory would also integrate the coaches and test them.

“The company would invest upwards of €25 million for the facility,” Mr Rajeev Jyoti, Managing Director, Bombardier Transportation India, told Business Line.

About 500-550 workers would be hired for the factory, comprising about 450 blue-collar workers and 100 supervisors and engineers.

Ready by ‘08

Construction work for the factory would start by September-end this year and the factory is expected to be ready by May-June 2008. “By end-2008 or early-2009, we expect to roll out the first metro coaches,” Mr Jyoti said.

Bombardiers’ decision to set up this factory was driven by a $590-million tender to supply 340 metro coaches to Delhi Metro Rail Corporation. The factory would be a wholly owned subsidiary of Bombardier.

The factory would have a capacity to roll out 40 coaches per month at peak performance and 24 coaches per month usually. It can manufacture both broad gauge and standard gauge rolling stock. The facility would have access to Bombardier Transportations’ latest technology in the sector.

Apart from the metro rail market in India, Bombardier is likely to serve the South Asian countries like Thailand, Malaysia, Singapore, Indonesia from this facility. Bombardiers’ European facilities serve the business in these countries at present.

In India, apart from Delhi, other cities like Mumbai, Bangalore and Hyderabad have plans to implement metro rail systems. In China, Bombardier has set up factories through joint ventures, which are likely to serve the Chinese market only.

Bombardier would source inputs like cabling systems, doors, air conditioners, seating and braking systems, from its recognised global vendors — preferably with local presence in India.

Incidentally, Bombardier was contemplating setting up factories in either Hyderabad or Vadodara. It has an engineering facility in Hyderabad and a converter (for locomotives of Indian Railways) manufacturing facility in Vadodara. However, it chose Vadodara for various reasons like the factory being located near a rail-link and several supporting companies’ presence in the region.
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Old August 29th, 2007, 09:07 AM   #88
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Essar setting up power plant in Gujarat



Essar Group said on Tuesday that it would be setting up a 1,200-MW plant at Jamnagar in Gujarat at an estimated cost of Rs 4,800 crore.

Essar Power (Gujarat) Ltd (EPGL) has entered into a 25-year power purchase agreement with the Gujarat Government for supplying 1,000 MW at Rs 2.40 per unit, the company said in a press release.
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Old September 18th, 2007, 10:24 PM   #89
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SEZ proposals in Gujarat cleared


In-principle approval for a textile SEZ by Jindal Worldwide Ltd in Gujarat and formal approvals for an information technology/IT enabled services SEZ by Tata Consultancy Services Ltd in Gujarat were among the 10 formal approvals and two in-principle approvals granted by the Board of Approval for SEZs at its meeting held here today. The Board of Approval, headed by the Commerce Secretary, Mr Gopal K. Pillai, considered 19 applications for setting up of SEZs and with today&# 8217;s decision, the number of formal approvals for SEZs goes to 386 out of which 149 have been notified. Mr Pillai told newspersons that Rs 47,732 crore has been invested in these notified SEZs and that they were providing direct employment to over 40,729 persons. Besides an SEZ for TCS, three IT/ITES SEZ by Navi Mumbai SEZ Pvt Ltd in Navi Mumbai, Maharashtra, and an IT/ITES SEZ by Gujarat Industrial Development Corporation, Gujarat, also were other prominent SEZs that got formal approval today.
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Old October 1st, 2007, 07:37 AM   #90
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Gujarat plans to develop ‘marine shipbuilding parks’


Gujarat is planning to develop nearly 100 “Marine Shipbuilding Parks” along its 1,600-km-long coastline, each with 10 to 15 shipyards to produce a whole range of ships, which is expected to create a market worth $30 billion for the State by 2020.

With the aim of making Gujarat the shipbuilding hub of India and a global destination in this sector, these yards would be developed in private sector with FDI, with a capacity to build 0.3 to 0.6 million dwt per annum each, the Gujarat Chief Minister, Mr Narendra Modi, told a two-day International Seminar on Shipbuilding Opportunities that began under the aegis of the Gujarat Maritime Board (GMB) at Science City near here on Saturday.

GMB has identified 10 clusters comprising 100 shipyards with an investment of Rs 50,000 crore. More than 20 companies have evinced interest in shipbuilding with an investment of Rs 11,000 crore generating employment potential of one lakh jobs. Six companies are in the process of developing full-fledged yards and seven others have been given in-principle approval.

Former President Mr A.P.J. Abdul Kalam, who inaugurated the event, advised the State Government to create infrastructure for designing ship-building in a big way. A multipurpose shipping industry can be developed by an all-round strategy so that India, which occupies 43rd place in this sector, could come up as a major shipbuilder.
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Old November 18th, 2007, 03:12 AM   #91
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An article from TOI(Ahmedabad) comparing the ports of Gujarat to those of Mumbai -

Gulf of Kutch: The real Gateway Of India



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Ahmedabad: If magnate Mukesh Ambani is today breathing down the neck of Microsoft’s Bill Gates in the global richie list, he owes it in a large part to these waters of Gujarat.

And if the Ruias of Essar are zooming up the billionaire charts and Amdavad got its first Forbes billionaire in Gautam Adani, it’s all thanks to this Gulf of Kutch.

A belt that is now earning the nickname of the ‘Gulf of Riches’ thanks to the moolah it’s raking in for investors who have put their money at the right waterfront.

Already investments worth Rs 1.40 lakh crores have been lined up along the 700-km shoreline by four of India’s billionaires — Mukesh Ambani, Shashi Ruia, Ratan Tatas and Gautam Adani.

This even as other corporates have poured in investments worth over Rs 13,000 crore after the 2001 earthquake with another Rs 80,000 crore investments in the pipeline.

Ten special economic zones (SEZs), including that of Reliance and Essar near Jamnagar, Tatas’ 4000-MW ultra mega power project, five private shipyards, a slew of captive jetties and massive expansions by existing Mundra and Kandla ports are coming up.


Considering 54MT petroleum cargo volume of Reliance and nearly 63 MT of cargo handled by Kandla and Mundra alone, ports in the Gulf alone have surpassed Mumbai’s two ports — Mumbai Port Trust and JNPT — which handled nearly 95 MT during 2006-2007. Both Reliance and Essar are now expanding their refining capacity.

“Besides the geographical locational advantage over Mumbai, Kutch has intermodal transport system of highways and broad-guage connecting it to northern hinterland in place already,” says Vallabh Shah, former vice-chairman of Gujarat Maritime Board and one of the key persons in drafting the present port privatisation policy. Adds Jayesh Buch, regional director, Essar, “We are pumping in additional investment of Rs 24,000 crore in our refinery business.”

In fact, as many as 2,100 vessels would move in and out of the Gulf every year in the next five years, and of these 476 would be very large crude carriers (VLCCs) alone berthing at Kandla and RIL and Essar’s ports.

But then, this Gulf has always been the hub of maritime trade since ancient times with an over 4,000 year history of sea trade along its strategically located ports of Mandvi, Mundra, Okha, Koteshwar, Lakhpat and Jakhau.

As business historian Dwijendra Tripathi points out: “Ports like Okha were thriving ports in medieval times exporting textiles, spices and gems and jewellery to the Persia and Red Sea region in the Mughal era, much before Mumbai port came into existence.”

So history has come full circle. Let Mumbai bask in the past glory.
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Old November 18th, 2007, 02:23 PM   #92
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good better infrastructure like ports, roads, power means excellent opportunity for manufacturing. Estimated that india needs 1.5 trillion dollars infrastructure investments in a decade.
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Old November 18th, 2007, 05:02 PM   #93
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Good article.

Gujarat: The most indutrialised state in India.

It will be better if railways convert all existing MG and NG tracks to BG. It will improve the conectivity in th state.
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Old November 18th, 2007, 05:35 PM   #94
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Originally Posted by cbeboy View Post
Gujarat plans to develop ‘marine shipbuilding parks’


Gujarat is planning to develop nearly 100 “Marine Shipbuilding Parks” along its 1,600-km-long coastline, each with 10 to 15 shipyards to produce a whole range of ships, which is expected to create a market worth $30 billion for the State by 2020.

With the aim of making Gujarat the shipbuilding hub of India and a global destination in this sector, these yards would be developed in private sector with FDI, with a capacity to build 0.3 to 0.6 million dwt per annum each, the Gujarat Chief Minister, Mr Narendra Modi, told a two-day International Seminar on Shipbuilding Opportunities that began under the aegis of the Gujarat Maritime Board (GMB) at Science City near here on Saturday.

GMB has identified 10 clusters comprising 100 shipyards with an investment of Rs 50,000 crore. More than 20 companies have evinced interest in shipbuilding with an investment of Rs 11,000 crore generating employment potential of one lakh jobs. Six companies are in the process of developing full-fledged yards and seven others have been given in-principle approval.

Former President Mr A.P.J. Abdul Kalam, who inaugurated the event, advised the State Government to create infrastructure for designing ship-building in a big way. A multipurpose shipping industry can be developed by an all-round strategy so that India, which occupies 43rd place in this sector, could come up as a major shipbuilder.
gr8. can't imagine 100 Shipyards in a single state.
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Old November 18th, 2007, 05:41 PM   #95
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Originally Posted by indiansunite View Post
An article from TOI(Ahmedabad) comparing the ports of Gujarat to those of Mumbai -

Gulf of Kutch: The real Gateway Of India

in port sector, they might have compete Orissa too. Massive Steel Plants will be come up there in future and for that them ports would be must. likely that every steel giant tatas, POSCO, mittal, Essar etc will plan a dedicated port.

Last edited by ajay_ijn; November 18th, 2007 at 05:49 PM.
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Old November 19th, 2007, 03:46 AM   #96
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in port sector, they might have compete Orissa too. Massive Steel Plants will be come up there in future and for that them ports would be must. likely that every steel giant tatas, POSCO, mittal, Essar etc will plan a dedicated port.
Gujrat will have one benefit over Orissa that most of the refineries are going to come up there.
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Old November 19th, 2007, 04:22 PM   #97
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Gujrat will have one benefit over Orissa that most of the refineries are going to come up there.
on related note i heard that Reliance Jamnagar Plant will refine 1.5 to 2 barrels out of every 100 in the world. later when i checked the figures of all refinery expansion plans- found that by 2012, India will refine 5 barrels out of every 100 & will export atleast 40% of that.
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Old November 19th, 2007, 04:51 PM   #98
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on related note i heard that Reliance Jamnagar Plant will refine 1.5 to 2 barrels out of every 100 in the world. later when i checked the figures of all refinery expansion plans- found that by 2012, India will refine 5 barrels out of every 100 & will export atleast 40% of that.
Essar Gujrat has their refinery next to Reliance's in Jamnagar. They are planning to increase their capacity from 10.5 million tonnes per annum to 37 million tonnes by 2010. I heard Reliance also plans to double their refining capacity. There was this report from Assocham which was highly disputed by some members here. It said India's Petro exports would reach $500 billion by 2012. So you could be right.
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Old November 19th, 2007, 06:17 PM   #99
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Here is some info.
---------------
India Refining Capacity in 2007 is 2.9 million barrels per day. By 2012, targeting 5 million barrels per day. world oil consumption is estimated to reach 95 million barrels per day by 2012

bpd- barrels per day

Expansion & Construction of New Plants.

Indian Oil (Present Capacity: 1.2 million barrels per day)
300,000 bpd Paradip
60,000 bpd Expansion panipat
50,000 bpd Expansion Haldia

Reliance (Present Capacity: 660,000 BPD)
580,000 bpd Jamnagar

Hindustan Petroleum (Present Capacity: 260,000 BPD)
180,000 bpd Bhatinda
48,000 bpd Expansion Mumbai
150,000 bpd Expansion Vizag
300,000 bpd Vizag Proposed

Essar (Present Capacity 150,000 BPD)
360,000 bpd Vadinar (completed by 2010)
170,000 bpd Expansion Vadinar

ONGC (240,000 BPD)
60,000 bpd expansion Mangalore
300,000 bpd Kakinada, proposed

Bharat Petroleum (Present Capacity: 450,000 BPD)
150,000 bpd Kochi
120,000 bpd Bina, MP

Nagarjuna
120,000 bpd Chennai
--------------
Indian Oil will continue to be largest oil refiner in India while jamnagar will be single largest refinery complex in the world.

Quote:
It said India's Petro exports would reach $500 billion by 2012. So you could be right.
doubt that figure, because estimated quantity being exported will increase between 4 to 5 times by 2012. Considering present exports stands at 20 billion USD, 2012 figure might stand at approx 100 billion USD but that figure doesn't consider the rising oil prices & weakening of dollar.

Last edited by ajay_ijn; November 19th, 2007 at 06:57 PM.
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Old December 1st, 2007, 05:26 PM   #100
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Mitsui & Co picks 20% equity stake in ISC

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Japanese major, Mitsui & Co. signed a joint venture agreement with Ruchi Group, India to increase its present equity stake of 10% to 20% for the expansion of Indian Steel Corporation Limited (ISC) to manufacture Cold Rolled Steel / Galvanized and Color Coated Steel products. The project is located near Kandla, in the state of Gujarat.

The present designed production capacity of ISC is 200,000 Mton / year for the cold rolled steel and 120,000 Mton / year for galvanized products. With the expansion, ISC would be adding capacity of more than 400,000 MT of cold rolling and coated products. The expansion is expected to reach full operation by the year 2009. The total project cost would be approx. Rs. 1250 crores. The project would target the booming Construction and Auto sectors in India, which is witnessing robust growth.

Mitsui & Co. Limited, is one of the Japan's largest trading companies with total revenues of more than USD 32.95 Billion and variety of business interests such as Metal products and minerals, Machinery, Electronics, Chemical, Energy, Consumer Product and Services, Logistics and Financial Markets. They have presence in 91 countries through their 175 offices.

Speaking on the occasion, Mr. Kiyotaka Watanabe, Executive Managing officer - Iron and Steel Products Business Unit said that this is Mitsui's first ever equity investment in the Indian steel Products sector. He also added that India has best potential for future growth among most Asian countries.

Commenting on the occasion, Mr. Kailash Chandra Shahra, Chairman, Indian Steel Corporation Limited said, "We are delighted to have Mitsui as an equity partner in our new project. This investment reflects Mitsui's confidence in Ruchi as well as in Indian Steel sector."

Mr. Umesh Shahra, Managing Director of Indian Steel Corporation Limited quoted " ISC`s products have been highly appreciated by our numerous esteemed end-customers in terms of both, quality and cost. With such encouraging response from our customers and their firm confidence in our capabilities, we are motivated to go for expansion of the project. The expansion would reflect the state-of-art technology for production of cold rolled, ZN-Al coated and colour coated material".

After completion of the project, the Ruchi Group will add a fresh capacity of approximately half a million tones to its existing steel processing capacity. "With increasing activity in the Indian construction and sustained buoyancy in the construction segment, we are bullish on the domestic demand", confers Mr. Umesh Shahra, Managing Director, Indian Steel Corporation.
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