Category — Industrial Goods

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.

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.”
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According to the India Journal, Indian business magnate Mukesh Ambani is the 18^th 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.

Netherlands-based Ocean Optics, a player in the miniature spectroscopy and optical sensing, appointed Hemchandra Sane to lead Sales in India.

Sane will expand Ocean Optics’ current sales network including end customers and distributors in introducing Ocean Optics equipment and provide support with installation and training. Ocean Optics’ product range includes miniature spectrometers, light sources and accessories used in universities, R&D labs and industrial online process applications.
“Having sold more than 200,000 spectrometers, we understand how important it is to be close to the customer and we have seen an increasing demand in India for our products,” said Marco Snikkers, Ocean Optics’ Sales and Marketing Director EMEA. “Our products can bring spectroscopy to the sample, enabling many new applications in the field, such as monitoring water quality and air pollution, and also in process lines where the high speed aspects play an important role in increasing quality levels and yields,” he added.