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ANNOUNCEMENTS
Ansal ends pact for mega township
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OUTSOURCING
Fiat sets up intl purchasing office
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NEW PROJECTS
Trane launches design centre in Chennai
Chennai, May 7 Trane, a $7.45 billion US-based provider of heating, ventilation and air-conditioning systems and services (HVAC), has launched its India Design Centre in Chennai. This is its seventh global R&D centre — four in the ... More

Baldota Group setting up steel plant
Bangalore, May 7 The Baldota Group, a top wind energy producer, on Wednesday announced the launch of a new company to set up an integrated steel plant in the Koppal district of Karnataka. Mr Narendra Kumar A. Baldota, Chairman and ... More

IFGL Refractories plans facility at Kandla SEZ
IFGL Refractories Ltd has firmed up plans to set up a continuous casting refractory manufacturing facility at the Kandla SEZ in Gujarat at an investment of Rs 50 crore. The Kandla plant will be IFGL’s second manufacturing facility in ... More

ALLIANCES & JOINT VENTURES
JSW, Toshiba to float joint venture
Manufacture of power equipment for thermal plants More

VENTURE CAPITAL
New Horizon Media gets addl funds
New Horizon Media (NHM), a Chennai based multi-language, multi-format book publisher, has received a minority investment from Beacon India Private Equity Fund for an undisclosed sum. This is part of its second round of funding, which also saw ... More

DIVERSIFICATION
GMDC plans four-way business foray
Ahmedabad, May 7 Gujarat Mineral Development Corporation (GMDC) plans to leverage its coal-control capabilities into a four-way business foray into cement, power, SEZ and port in Gujarat. It plans to supply coal to a cement maker in one ... More

OUTLOOK
Videocon Group plans multi-product park, power plant
Hyderabad, May 7 A consortium lead by Videocon Industries Ltd has come up with a proposal to set up a multi-product industrial park and a 1,320-MW thermal power plant in the West Godavari District of Andhra Pradesh.Apart from Videocon, ... More

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