Category — Industrial Goods

UK’s JCB launches new excavator in India

Construction equipment company JCB India Ltd, a subsidiary of JC Bamford Excavators Ltd  has unveiled  its 20 ton JS205LC Tracked Excavator, developed and manufactured in India for the domestic market.  Designed for earthwork, quarrying and road construction in Indian conditions,  the company’s advanced load sensing hydraulic system has been designed for lower energy needs which could save $2,500 annually in fuel costs.

What this means

As China construction cools off, India is becoming the focus for many Western and Japanese construction equipment companies.

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July 21, 2013   No Comments

Manufacturing competitiveness by Country

Ranks for 2013

Rank

Country

Index score (10=high, 1=low)

1

China

10.00

2

Germany

7.98

3

USA

7.84

4

India

7.65

5

South Korea

7.59

Expected ranks in five years

Rank

Country

Index score (10=high, 1=low)

1

China

10.00

2

India

8.49

3

Brazil

7.89

4

Germany

7.82

5

USA

7.69

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May 10, 2013   No Comments

France’s Alstom wins another boiler order in India

France’s Alstom SA has recently been awarded a $115 million contract by  BHEL to supply components for three units of 660 MW supercritical boilers of Nabinagar Power Generating Co. Ltd. NPGCL is a joint venture company of NTPC Ltd. and Bihar State Electricity Board located in Nabinagar, Bihar, India.

Alstom will cooperate with BHEL in designing the boilers and will supply identified pressure parts of the supercritical boilers along with pulverisers and airpreheater components. Alstom will also assist BHEL with technical advisors during the erection and commissioning of the units.

The contract follows the supercritical boiler contract won by Alstom for Mouda last year, and is in addition to six contracts signed with BHEL between 2008 to 2012 for supercritical boilers in Barh II, Krishnapatam, Bara, Yeramaras, Bellary and Mouda in India.

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April 18, 2013   No Comments

Solvay Acquires Indian Surfactant Producer

Solvay has acquired Sunshield Chemicals Ltd., an Indian surfactants producer. The acquisition, which is still subject to regulatory requirements, enables Solvay’s Novecare business to accelerate its development in India for the home and personal care, agrochemicals, coatings and industrial markets.

“We are now better geared to increase our market position in the Indian market that is currently enjoying double-digit annual growth,” explains Emmanuel Butstraen, president of Novecare, in a company press release. “This additional bolt-on acquisition further consolidates our leading positions in specialty surfactants in Asia and we are well-equipped to support our customers’ development in this part of the world.”
Read more of the article here.

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March 13, 2013   No Comments

Mukesh Ambani 18th Richest Man In World: Bloomberg

According to the India Journal, Indian business magnate Mukesh Ambani is the 18th richest person in the world  on the Bloomberg Billionaires Index, with a personal wealth of $24.7 billion in 2012. Ambani runs Reliance Industries Ltd, a India petrochemicals conglomerate with interests in retailing and some assets in the United States.

On the Bloomberg Billionaires Index, a  ranking of the world’s 100 wealthiest individuals, there are three other billionaires of Indian origin, but the list changes daily

#39: Lakshmi Mittal – Mittal owns 38 percent of ArcelorMittal, the world’s biggest steelmaker. He is the Luxembourg-based company’s largest shareholder. The U.K. resident owns several London properties, including mansions on Billionaires Row near Kensington Palace. The Goldman Sachs director has a 34 percent stake in the Queens Park Rangers soccer team.

#48: Azim Premji – Premji is the chairman and largest shareholder of Bangalore-based Wipro, India’s third-biggest software exporter. The company employs more than 135,000 people and has annual revenue of more than $7.8 billion. He also owns a private equity fund, PremjiInvest, which manages his $1 billion personal portfolio, and interest in JM Financial.

#91: Shapoorji Pallonji Mistry, now an Irish national, who owns 18 percent of the Tata Sons holding company of the Tata Group. His son, Cyrus Mistry, also an Irish National, is now chairman of the Tata sons.

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January 25, 2013   No Comments