NLC’s wind power project to go on stream next year

Neyveli Lignite Corporation’s wind power project worth Rs312 crore in Tamil Nadu will be commissioned by early next year

The coal ministry has said Neyveli Lignite Corporation's (NLC) wind power project worth Rs312 crore in Tamil Nadu will be commissioned by early next year.

"....50MW wind farm project......to go on steam by 31 March 2012," the coal ministry said in on its website.

The ministry, in its strategic plan documents for another five starting next financial year, said that the order for the wind farm project will be placed by 30th June.

NLC had earlier said as part of its diversification programme to sustain and improve the growth rate, NLC was in the process of setting up a wind based power project in Tirunelveli district of Tamil Nadu.

The tendering and evaluation of bids was in process for the said green power project, the company had said.

On Thursday, NLC ended 0.64% up at Rs103 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.79% to 18,350.74.

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JSW Steel launches new range of steel sheets in West Bengal

JSW Steel has launched JSW Pragati, a new range of colour-coated galvanised steel sheets, in West Bengal

JSW Steel has launched JSW Pragati, a new range of colour-coated galvanised steel sheets, in West Bengal.

The new product will be available throughout the state of West Bengal via its JSW Shoppe dealerships-namely Ispat Enterprises (P) Ltd, Mahabir Steel Enterprise (P) Ltd and Rawalwasia Steel Company, JSW Steel said in a statement.

The product will be made available in all JSW Shoppe retail outlets across the rest of the country in a phased manner. JSW Pragati sheets will be available in 0.40mm thickness in both environment green and brick red colours, it said.

"The objective of introducing this innovative product is to raise the standard of living of the masses without letting them feel the pinch in their budgets," JSW Steel senior vice-president (business development) Sunil Prakash said.

On Thursday, JSW Steel ended 0.43% down at Rs898.30 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.79% to 18,350.74.

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MCX publishes report on sustainability performance

The report, the first such by any exchange in the country, has been prepared in line with the Global Reporting Initiatives’s guidelines for sustainability

The Multi Commodity Exchange of India (MCX) has become the first exchange in the country to report its sustainability performance.

MCX said in a statement today that the report articulates the exchange's sustainability commitments in the market, workplace and community and presents the exchange's triple bottom line-economic, social and governance-performance for the fiscal year 2009-10.

"As a responsible exchange, at MCX we strive to embed sustainability in every aspect of our business; our responsibilities towards the environment, our stakeholders and the society at large, are given utmost importance," said Lamon Rutten, managing director and chief executive officer, MCX. "The report presents the essence of the MCX ethos that guides us and defines the way we do business."

The report has been prepared in accordance with Global Reporting Initiative's (GRI) G3 guidelines (2006) for sustainability and GRI's Financial Sector Supplement. Ernst & Young (E&Y) has checked the report and confirmed it to be application level A+ (third-party-checked).
 
The theme of the exchange's maiden sustainability report is 'Trust, Technology, Teamwork, Timing,' the key factors that underpin MCX's growth and have helped it unlock significant value from the middle and bottom of the socio-economic pyramid, thereby driving inclusive and equitable growth.
 
The sustainability report can be accessed at the micro site specially created: http://sustainability.mcxindia.com. It is also accessible from the MCX homepage at www.mcxindia.com.

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