Companies & Sectors
GE India to invest $200 million on new plant in Pune


GE, which already has a wind turbine assembly unit in Pune, will invest a cumulative amount of $200 million in building new manufacturing facility at MIDC Industrial Park at Chakan near Pune

New Delhi: GE India on Friday said it would invest nearly Rs1,100 crore (about $200 million) to set up a new manufacturing facility in Pune for developing products for the energy sector, reports PTI.
"GE India announced that its new manufacturing unit would develop localised products and solutions for the energy sector in its first phase of operation commencing in 2013," the company said in a statement.
The Government of Maharashtra and GE have signed a memorandum of understanding (MoU) for the upcoming manufacturing site which is located at MIDC Industrial Park at Chakan, Phase II, Pune, it said.
"We are confident that such initiatives will strengthen the manufacturing sector in India and enhance growth," Prithviraj Chavan, Chief Minister of Maharashtra said.
"Our new manufacturing facility aligns well with the Government's objective of strengthening manufacturing and overall infrastructure of the country," John Flannery, President & CEO, GE India said in the statement.
GE, which already has a wind turbine assembly unit in Pune, will invest a cumulative amount of $200 million in building this multi-modal, large scale facility, the statement added.
The focus on manufacturing is in line with the need for localised products and solutions suited to Indian customers across GE?s various businesses present in the country.
The facility, to begin with, will focus on Energy products and technologies driven by the industry needs for power generation, transmission and distribution as well as measurement and control.
The site will enable assembly and production support for any GE business that needs local manufacturing capability in India, it further added.


L&T Construction gets orders worth Rs1,076 crore in Q1


Larsen & Toubro's Construction unit received orders from Bajaj Infra and Power Transmission & Distribution in the Middle East

New Delhi: Engineering major Larsen & Toubro (L&T) on Friday said its construction unit has won orders valued at Rs1,076 crore during April-June quarter of the current fiscal, reports PTI.
"L&T Construction has won new orders valued Rs1,076 crore," the company said in a statement.
It said its Metallurgical and Material Handling independent company has won an order worth Rs407 crore from Bajaj Infrastructure Development Corporation to set up a coal handling system on turnkey basis for their new 3x600 MW super thermal power project in Lalitpur, Uttar Pradesh.
The coal handling plant package will be completed on a fast track schedule of 22 months, it said adding the company's scope of work includes design, engineering, supply and erection of mechanical, electrical, structural works.
Besides, orders worth Rs669 crore have been received by the Power Transmission and Distribution IC of the company from domestic and international markets, the statement said.
"A major order has been received for construction of 132/33 kV substations and other modification works in the Middle East," it said.
On the domestic front, a new order has been secured for executing electrical works under Restructured Accelerated Power Development Reforms Programme for the Hubli Electricity Supply Company, it added.



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‘Ladli Lakshmi’ scheme to be implemented in Goa from July


“The marriages that took place after 1 April 2012 would be covered under the programme,” CM Manohar Parrikar said. “The scheme will cost Rs150 crore annually,” he added
Panaji: The BJP-led government's flagship “Ladli Lakshmi” scheme, under which Rs1 lakh would be given to girls above 18 to meet their marriage expenses, will be implemented in Goa from the second week of July, reports PTI.
“The scheme would formally open by June 30 but actual disbursement of the money will start from 10th July,” chief minister Manohar Parrikar told reporters.
Under the scheme, the state will provide Rs1 lakh to the girls who have attained the age of 18 to meet their marriage expenses, he said.
“(To qualify for the scheme), the girl should be born in Goa or at least one of her parents should be born in Goa,” the Chief Minister said.
The marriages that took place after 1 April 2012 would be covered under the programme, he said.
The basic aim of the scheme is to ensure that the parents don’t consider the girl child as a burden on them, Mr Parrikar said.
Girls aged between 18 and 38 years would be covered under the scheme. The government would deposit Rs1 lakh in the name of the girl once she turns 18 years. Banks have been roped in to implement the scheme.
The scheme will cost Rs150 crore annually, Mr Parrikar said.


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