Larsen & Toubro becomes first Indian valve maker to secure ASME ‘N’ and ‘NPT’ Certification

Larsen & Toubro’s valves facility in Coimbatore that focuses on high-end valves for nuclear and thermal power received the certificates of authorisation from ASME on 18 January 2011

Larsen & Toubro Ltd (L&T) said it has become the first Indian manufacturer of industrial valves to receive the coveted 'N' and 'NPT' stamp from American Society of Mechanical Engineers (ASME). The valves facility in Coimbatore that focuses on high-end valves for nuclear and thermal power received the certificates of authorisation from ASME on 18 January 2011. With this achievement, L&T joins the exclusive group of manufacturers authorised to supply valves for nuclear power in the global arena.

L&T, a key supplier of industrial valves to the global majors in oil & gas and power, has a strong presence in the Indian nuclear power industry. Valves supplied by L&T are in operation in nuclear installations across the country as well as major thermal power plants.

The state-of-the-art valves plant is a part of L&T's high-tech manufacturing hub in Coimbatore. The facility also houses a design office and R&D lab equipped to carry out functional qualification tests of nuclear valves.

The product range includes high-pressure valves in ASME class up to 4500. The plant boasts the latest in manufacturing technology and has in-house capability to carry out high-pressure high-temperature endurance tests.

On Wednesday, L&T ended 0.42% down at Rs1,602.30 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.64% to 18,178.33.

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Nokia launches X3-02, C3-01

Nokia X3-02 is 3G enabled among others and has dedicated music and messaging keys, with just 9.6-mm width

Finnish mobile phone maker Nokia has announced its debut in the 'Touch and Type' segment, with the launch of X3-02 and C3-01 handsets.

"The latest offering to consumers was best of both the worlds, with the phones having both touchscreen facility as well as the keypad," Nokia general manager (South) TS Sridhar.

Priced at Rs8,839 and Rs9,389, X3-02 and C3-01 boast of a variety of features, including 3G and Wi-fi facilities, he said.

"The two new Touch and Type devices by Nokia are designed for those who like to stay connected and share experience with their social group," he said.

Nokia X3-02 is 3G enabled among others and has dedicated music and messaging keys, with just 9.6-mm width, making it one of the "slimmest Nokia phones ever", he said.

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ICICI Prudential Mutual Fund launches 367 days plan

ICICI Prudential Mutual Fund new issue closes on 24th February

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-1 Year Plan D, a close-ended income scheme.

The investment objective of the plan is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme. The tenor of the plan is 367 days.

The new issue opens on 23rd February and closes on 24th February. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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