Vakrangee Softwares is empanelled in the highest category of UID enrolments agency
Vakrangee Softwares Ltd has crossed a benchmark of generation of 1 crore Aadhaar numbers across the country as on 23 March 2012 under UID (Unique Identification) enrolment project.
The company is empanelled in the highest category of UID enrolments agency i.e. T2F4 for PAN India allowing for enrolments anywhere in the country. T2F4 is a category for enrolment agency assigned by UIDAI on certain predetermined financial and technical parameters.
In the early afternoon, Vakrangee Softwares was trading at around Rs527.90 per share on the Bombay Stock Exchange, 0.40% down from the previous close.
Gammon Infrastructure Projects had promoted a special purpose vehicle named Patna Buxar Highways Ltd for implementing the project
Gammon Infrastructure Projects Ltd has announced with reference to the receipt of the letter of award from the National Highways Authority of India (NHAI) for the Patna-Buxar road project involving four laning of the Patna–Buxar stretch of NH 30 from km 0.00 to km 124.85 in the state of Bihar on BOT (Toll) basis. The company had promoted a special purpose vehicle named Patna Buxar Highways Limited for implementing the project. Patna Buxar Highways Limited has on 21 March 2012, signed the concession agreement with NHAI for the implementation of the project.
In the early afternoon, Gammon Infrastructure Projects was trading at around Rs14.70 per share on the Bombay Stock Exchange, 8.49% up from the previous close.
Maruti will build the plant in phases and will start operations by mid-2013 with an initial capacity of 1.5 lakh units a year
Maruti Suzuki India (MSI) has said that it will invest Rs2,600 crore to set up a new diesel plant at its Gurgaon facility and to expand R&D activities at Rohtak by 2014.
The company's board of directors has approved setting up of a diesel plant in Gurgaon at an investment of Rs1,700 crore. It also allowed the company to ramp up investment by Rs900 crore at its upcoming R&D centre in Rohtak.
“We are going to invest Rs1,700 crore to set up the diesel plant, which will be constructed inside our Gurgaon manufacturing facility. This will be a brand new unit and will be owned by the company,” MSI chairman RC Bhargava told reporters.
Talking about its upcoming R&D centre in Rohtak, Mr Bhargava said: “The board has also approved an additional investment of Rs900 crore to set up various facilities, including testing for emission and safety. This will be over and above the Rs1,500 crore earlier announced to set up the test track.”
The company will build the plant in phases and will start operations by mid-2013 with an initial capacity of 1.5 lakh units a year, he added.
“In the first phase, we will invest Rs950 crore. After that, we will double the capacity to three lakh units per year by 2014 and it will entail a total investment of Rs1,700 crore,” Mr Bhargava said.
The company, which is sourcing diesel engines from Suzuki Powertrain India Ltd (SPIL) and Fiat India, had put on hold investments on the plant awaiting clarity over any additional taxes on diesel vehicles in the Budget.
When asked about the emphasis on diesel cars, Mr Bhargava said the demand for diesel vehicles has soared as this fuel is sold at a subsidised rate.
“The petrol car sales in the ongoing fiscal declined by 15%. In the next fiscal, we will still witness fall in petrol car sales, but we are trying to bring down this decline to 6%, which will be selling about 50,000 petrol cars less," he added.
MSI's Gurgaon plant produces all of its petrol engines. It has an installed annual capacity of 7.2 lakh units that the company managed to stretch to about 13 lakh units.
“Because of decline in petrol cars, the company expects about 40% of its petrol engine capacity at Gurgaon to be idle,” Mr Bhargava said.
However, the company is expecting sales of its diesel vehicles rising by 1.5 lakh units in the next fiscal compared to about 2.4 lakh units in 2011-12. “With both petrol and diesel cars, we are expecting an overall growth of about 10% in FY'13,” Mr Bhargava said. Following increase in demand for diesel cars, SPIL is ramping up its diesel engine capacity to three lakh units per annum from 2.4 lakh units. Moreover, MSI will also get one lakh diesel engines a year from Fiat, supply of which has already started from January this year.
In the early afternoon, Maruti Suzuki India was trading at around Rs1,300 per share on the Bombay Stock Exchange, 0.66% down from the previous close.