Crompton Greaves, part of the $4-billion Avantha Group, has set up a low-voltage rotating machine plant in Goa. The new plant capacity has been set at 10,000 additional units per month. This represents a 66% capacity increase compared to the current production capacity, said a company statement.
According to Laurent Demortier, CEO and MD the facility, the plant will enable the company to focus better on European and US markets.
RINL pins hope on value additions for Orissa mine
State-run steel maker RINL on Wednesday said it will set up units for value-addition of iron ore if the Orissa government allots mines to it. "The Orissa government has decided to reserve all remaining area bearing iron ore for undertaking prospecting or mining operation through the Orissa Mining Corporation. It has also stated that the request of RINL for good iron ore blocks may not be considered," an RINL official said. Without any mine, RINL has to depend on another PSU NMDC for iron ore and face the consequences of the vagaries of the price of the raw material.
Jet Airways issues fare pass for frequent fliers
Naresh Goyal-promoted Jet Airways has introduced a “One Fare Pass” booklet for frequent fliers in the domestic market.
The booklet will have four coupons for travel in both business class and economy class on domestic flights with distance less than 750 km. The business class booklet costs R49,216. Two separate economy class booklets are also available for R19,606 for Jet
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