Cabinet approves Neyveli's proposed power JV in UP

The Cabinet approved Neyveli JV for setting up coal-based thermal power project in  Uttar Pradesh

New Delhi:  The Indian government approved the state-owned Neyveli Lignite Corp's (NLC) proposed joint venture (JV) to set up a Rs10,000 crore thermal power project in Uttar Pradesh, reports PTI.

The Cabinet gave its approval to Neyveli for the JV for setting up a 1,980 MW coal-based thermal power project at Ghatmapur in Kanpur district of Uttar Pradesh, sources said.

The company has initiated the process for entering into an MoU with Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) for setting up the plant with a 50:50 equity participation.

The UP government has given in-principle approval to allocate 2,500 acres of land and 80 cusecs of water for the project.

NLC also has plans to set up a power plant with a capacity of 1,000 MW in Madhya Pradesh, as a joint venture with Northern Coal Fields Ltd, with a 50:50 equity participation.

Neyveli Lignite shares closed 4.5% higher at Rs89.15 per share on the Bombay Stock Exchange, while the Sensex ended 0.8% up at 17,332.

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Suzlon wins 16 MW turbine order from Renerco

The construction on the Cotton Farm wind farm, which is likely to power nearly 10,000 homes annually, is expected to be completed by February 2013

Mumbai: Wind turbine maker, Suzlon Group said its UK subsidiary REpower has received an order from Renerco to supply eight turbines for their 16.4 MW Cotton Farm wind farm in Cambridgeshire, reports PTI.

REpower will supply eight MM92 machines having a rated output of 2.05 MW each, the company said in a statement.

The construction on the Cotton Farm wind farm, which is likely to power nearly 10,000 homes annually, is scheduled to commence in October 2012 and is expected to be completed by February 2013.

“This is the second order we received from Renerco. Earlier we won the contract to supply five MM92 turbines for its Earls Hall wind farm in December 2011. The Cotton Farm wind farm adds to our growing portfolio with Renerco, and we look forward to working with them again,” REpower UK managing director Rick Eggleston said.

Since its launch in 2004, REpower UK has delivered 37 onshore wind farms in Scotland, England and Wales and two offshore wind farms.

Suzlon Energy's shares ended flat at Rs24.45 per share on the Bombay Stock Exchange, while the benchmark Sensex closed 0.8% up at 17,332.

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Caterpillar sets up new manufacturing plant in India for backhoe loaders

The company feels that the new facility would augment its distribution channel for its earth moving machines in India

Caterpillar India launched its new backhoe loader manufacturing facility in Thiruvallur near Chennai. The new facility not only strengthens the company’s growing presence in India but also augments the distribution channel for this popular earth-moving machine by bringing in enhanced local production capabilities, it said in a release. The facility was inaugurated by Robert Droogleever, general manager for Caterpillar BHL Worldwide.  

By increasing their manufacturing footprint to India, Caterpillar aims to provide Indian customers one of the most reliable and sought after heavy-duty vehicles thus ensuring completion of their construction jobs in a highly efficient and productive manner. To be manufactured at the new facility in Thiruvallur, Caterpillar backhoe loaders bring together reliable and time tested features with unique and market leading technologies at prices that are within the reach of the mass market.

Kevin Thieneman, country manager- India, ASEAN and China, said, “India will make significant investments over the next several decades to build its infrastructure and support higher levels of urbanization.  This facility, our fourth manufacturing operation in India, positions us to meet industry growth and enables us to better serve our customers with the broadest range of products in the industry.”  

 

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