Software services firm HCL Technologies has signed a five-year multi-million dollar deal with US-based The Manitowoc Company to become its global engineering partner for crane operations. Capital goods manufacturer Manitowoc and HCL will also set up a global engineering centre in Pune to support Manitowoc's design centres and accelerate its new product development initiatives in emerging regions like India, China, and Brazil.
Thomas Cook India to raise R200 cr via NCDs
In a BSE filing, Thomas Cook India said it will raise R200 crore through issuing non-convertible debentures (NCDs) on a private placement basis with or without security, a decision that has been approved by the company's board of directors. The NCDs are proposed to be issued in one or more tranches with a 3 to 5 year period.
Lanco to invest Rs.500 cr in Hyderabad mall
Lanco Group plans to construct a shopping mall called The Lanco Hills Mega Mall in Hyderabad, expected to be the largest in South India, at an investment of Rs.500 crore, a company release said. Unlike most other malls in the country that are skewed towards only one format, the Lanco mall will be a destination mall serving all demographics and tastes with the widest range of options in shopping, movies, gaming, entertainment and dining.
Maruti may start work on Gujarat facility next year
Maruti Suzuki (MSL) may start work for its proposed manufacturing facility in Gujarat by early next year, a top official of the country's largest car maker said. The company is also mulling setting up a stock yard in Ahmadabad, said MSL CEO of HR, finance and IT, S Y Siddiqui. Land acquisition for the project is complete, and MLSL expects some initial work to start in early 2013, said Siddiqui.
Thermax bags R503-cr power plant order
Energy and environment management firm Thermax has bagged a R503 crore order from a leading public sector firm to set up a captive power plant for its new 3 million tonnes per annum integrated steel plant in central India. Thermax will design, engineer, construct and commission the project on a turnkey basis. The supply of equipment includes three 160 tonnes per hour capacity (3x160 TPH) boilers that use multiple fuels blast furnace and coke oven gas from the steel process and light diesel oil and two 40 Unity Infraprojects bags Mantralaya project
Unity Infraprojects has secured R138-crore Mantralaya renovation project order, the company said in a statement on Friday. The project, given by the Maharashtra government, is to be completed within 8 months under a public development plan. With this addition, Unity's order book stands at R4,232 crore.
Kalam joins GVK EMRI as chairman emeritus
Former President APJ Abdul Kalam has joined the governing board of GVK EMRI as chairman emeritus. GVK Emergency Management and Research Institute is a non-profit organisation that started in 2005 to provide integrated emergency response services to every citizen under a public private partnership framework.
Tata Power MD awarded at India Power Awards
Tata Power managing director Anil Sardana was given the Leading Energy Personality Award in the power generation category at the 5th India Power Awards 2012 ceremony held in New Delhi for his outstanding contribution to the sector. Tata Power also won the Best Fast Track Completed Power Transmission Projects Award (Timely Completion of 2Nos. Transmission Projects). The award was in recognition of installation and commissioning of a 250 mva transformer at Dharavi and a 90 mva transformer at Borivali, both in Mumbai.
Dabur adds US buy as step down subsidiary
FMCG major Dabur India announced on Friday that its new acquisition, US-based hair care company Namaste Cosmeticos, has been added as the company's new step down subsidiary company in Brazil. Dabur India had bought Namaste Laboratories and its three subsidiaries for $100 million (R446 crore) in an all-cash deal in November 2010.
MW each steam turbines.