Kaya Skin Clinic to focus on expansion of service portfolio

At present, there are 104 Kaya Skin Clinics, spread across 26 cities across India and in the Middle East and other South Asian countries

Beauty services provider Kaya Skin Clinic on Friday said it will focus on expanding its service portfolio and brand building while consolidating retail presence to maintain its growth momentum.

The company, which incurred a loss of Rs2.30 crore in the last fiscal, said over the last one year it has focused on enhancing overseas presence and consolidating its retail operation in India.

“This fiscal, we are focused on introducing more range of products and rolling out awareness and brand building campaigns in the country,” Kaya Skin Clinic head (marketing) Suvodeep Das told PTI.

In the recent past, the company has launched more services like lip enhancement, fairness and hair removal services as part of its portfolio expansion. Besides, it has introduced in India seven beauty care products from Derma Rx range from the Singapore based Derma Rx Asia Pacific, which it acquired last year.

"We plan to bring in more products going ahead," Das said without giving further details on the products.

He said over the last one year the company had shifted its focus on international markets by entering into new countries like Bangladesh recently.

At present, there are 104 Kaya Skin Clinics, spread across 26 cities across India and in the Middle East and other South Asian countries. In the last 18 months, the firm has opened up to 10 clinics, primarily in the Middle East and Bangladesh.

"We have relocated some of our outlets and consolidated some of them in India. We will take a mix stand of bringing in more products and retail expansion," he said.

Suvodeep said the company is currently focusing on the top eight cities in India for its retail expansion and enhancing revenues from the existing outlets.

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L&T arm wins orders worth Rs1,610 crore

Larsen & Toubro’s Metallurgical and Material Handling Independent Company has secured new orders worth Rs1,610 crore from Tata Steel, India Bulls Power and other customers during the first quarter of FY2012

Larsen & Toubro’s (L&T) Metallurgical and Material Handling Independent Company—part of its construction division—has secured new orders worth Rs1,610 crore from Tata Steel Ltd, India Bulls Power Ltd and other customers during the first quarter of FY2012. A major portion of these orders pertain to the Kalinga Nagar Project of Tata Steel in Orissa.

Tata Steel is setting up four new coke oven batteries, each of 0.75 million ton per annum (mtpa) capacity with by-product plant of a total 1,80,000 Nm3/hr of gas processing capacity. Engineering and technology for these batteries are being provided by Acre, China. Apart from constructing the coke oven and byproduct plant, L&T is also providing detailed engineering and supply of balance of plant.

L&T is already constructing a coke oven complex for Tata Steel’s Jamshedpur works and another coke oven complex for Bhushan steel’s Meramandali, Orissa works. It is also engaged in construction of a blast furnace, sinter plant, steel melting shop and other units of Tata Steel’s 6 mtpa Kalinga Nagar project.

In yet another development, the company has secured an order for Rs240 crore from India Bulls Power for civil & structural works for coal handling plants & ash handling plant for Amravati &Nashik Thermal Power Projects (Phase II) in Maharashtra. The project has to be completed in 23 months. L&T’s Bulk Material Handling Business Unit will execute this order. It is already executing the supply & erection of coal handling plant for both Phase I & II of the project.

On Friday, L&T ended 4.25% up at Rs1,739 on the Bombay Stock Exchange, while the benchmark Sensex gained 2.89% to 18,240.68.

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Maya Iron Ores enters derivative commodity exchange

Maya Iron Ores plans to engage in the first month itself, 90 sub-brokers from across regions but largely from Maharashtra, Gujarat and South India

Maya Iron Ores Pvt Ltd, one of the pioneers in providing integrated solution for physical deliveries of iron ore, have launched its futures commodity trading division, having received the membership of Indian Commodity Exchange (ICEX).

Maya Iron Ores plans to engage in the first month itself, 90 sub-brokers from across regions but largely from Maharashtra, Gujarat and South India.

“A physical trader that offers an effective hedge mechanism, we are better placed as advisors to corporate and retail investors in a highly volatile market,” said Praveen Kumar V, chairman, Maya Iron Ores. “The iron ore future contract which was launched in the India exchanges (ICEX and MCX) is an important tool for risk management against physical deliveries. ‘Maya’ has identified great potential in this segment and has launched its futures commodity trading divisions.”

One of the main objectives of this division would be to educate both the corporate and retail participants in detail about the dynamics of the iron ore market globally. The division will also tailor-make effective hedge mechanisms for the physical traders.

“We intend to further expand our sub-broker network to around 225 in the short term period for our derivative division across India,” said Mitesh Rasaikar, chief executive officer (marketing & finance), Maya Iron Ores. “By the end of 2010, we intend to have a significant market share for the multiple commodities which traded in the Indian exchanges.”

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