Apollo Tyres Ltd has signed a supplementary memorandum of understanding (MoU) with the Tamil Nadu government for increasing its investments in the state to Rs2,100 crore as part of its greenfield project.
Considering the demand for the product, Apollo Tyres has decided to make a total investment of Rs2,100 crore, a state government release said.
With the additional investment the plant capacity would be increased to 6,000 truck and bus radial tyres per day along with 8,000 passenger car radial tyres per day, it said.
On Tuesday, Apollo Tyres gained 1.64% to Rs61.90 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.14% down at 19,196.34 points.
Larsen & Toubro (L&T) Ltd in joint venture (JV) with Mitsubishi Heavy Industries has inaugurated the country's first private sector facilities for the manufacture of supercritical boilers and turbine generators in Hazira, Surat.
Supercritical technology for coal-fired power plants is globally recognised as one of the most eco-friendly solutions to power generation. The technology ensures higher fuel efficiency leading to higher plant efficiency. Carbon emissions are reduced by as much as 5%. The L&T-MHI facilities are among the largest of their kind in the world, with a present annual capacity of manufacturing 5,000MW of equipment, to be expanded to 6,000MW by 2012.
On Tuesday, L&T ended 0.17% up at Rs1,785.50 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.14% down at 19,196.34 points.
Reliance Infrastructure advises kite flyers in Mumbai to refrain themselves from flying kites near the high tension overhead power transmission lines during Makar Sankranti Festival
Reliance Infrastructure Ltd (RInfra) has advised kite flyers to refrain themselves from flying kites near the high tension overhead power transmission lines during Makar Sankranti Festival. The company is issuing this cautionary, as kite flying near overhead power transmission lines may prove dangerous to life.
Makar Sankranti festival comes on 14th/15th of January and kite flying is the largely underlined way of celebrations during the festival. 'Manja', generally used for kite flying, is a good conductor of electricity, especially when the metal powder is used as one of the ingredients for coating it on the normal thread. 'Manja' can transmit high voltage power of even 220,000 volts; if it touches the overhead live wires or even enters the arching zone. This may cause not only interruptions in power supply due to short circuiting but also either, severe injuries, fatalities or incidences of major breakdowns of transmission lines resulting even in the grid failure.
Further, with a view to create a mass awareness on the issue to keep consumers alert, the company has taken following initiatives: Cautionary message is being given on RInfra's electricity bills. SMS are sent to Reliance Mobile customers in Goregaon, Malad, Kandivali and Borivali areas, Mumbai cautioning them about kite flying near transmission lines. RInfra officials will be in person distributing handbills and educate consumers in the areas mentioned above, especially to those, who are residing near the overhead transmission lines network.
The company further appeals to the consumers in the areas that if they notice any untoward incidence as a result of the unsafe kite flying near transmission lines, the same may please be reported immediately on company's round o'clock power help line 1800-200-3030 so as to enable the company to initiate further necessary action.