Expansion Plans

NHPC Reveals Plans of International Expansion

NHPC Reveals Plans of International Expansion

According to CNBC-TV18, the National Hydroelectric Power Corporation, commonly known as NHPC, has colossal plans to provide power in India as well as abroad. It has been revealed that the company is proposing to build two hydroelectric power projects in Myanmar. It plans on making an investment of USD 5.6 billion as it seeks to expand further in the overseas market.

SK Garg, Chairman and Managing Director, NHPC, revealed to CNBC0-TV 18 that the company will order 12 projects in the 11th plan.

L&T plans to sell stake in financial units

L&T plans to sell stake in financial unitsIndian engineering and construction firm Larsen & Toubro has planned to sell stake in two financial units in the next 12 months, according to a report on Tuesday.

"The financial services business has to be independent. We are looking at various options for unlocking value of this business," said Chief Financial Officer Y. M. Deosthalee. He said that the company would take the decision in the third quarter of the next financial year.

Tata Communications plans investments worth $50 million

Tata Communications plans investments worth $50 millionTata Communications announced plans to invest over $50 million in its new group named Global Media & Entertainment Solutions over the next two years.

Vinod Kumar, COO of Tata Communications said, "We will be investing over USD 50 million in this new group to strengthen our media and entertainment portfolio over the next two-years. We are eyeing break-even by end of the coming fiscal from this portfolio."

Rolls Royce’s Ghost to roll out in India in 2010

Rolls Royce, the Britain's super -luxury car manufacturer, has launched the ghost, its new premium saloon model. The company has planned to roll it out in the second Quarter of the next year in India.

The reports state that 'the ghost' is smaller and lighter by 190 kg as compared to the Phantom. The car has four doors and a 6.6 litre V12 engine, which accelerates to 100 kmph in less than five seconds.

DuPont announces more investment for its R & D centre

DuPont announces more investment for its R & D centreDuPont India Private Ltd has been chalking out plans to expand its operation in the emerging market of India by making investment in the key areas of agriculture, infrastructure, energy, automotive and some other emerging fields. The firm which is the wholly-owned subsidiary of E. I. DuPont Nemours and Company has also announced to double its operations at its R&D centre, DuPont Knowledge Centre (DKC), located in Hyderabad.

ICICI Bank raises $750 million through unsecured debt

The country’s largest private lender, ICICI Bank has raised Rs 3,498 crore, issuing unsecured debt from its Bahrain branch. The move is aimed to arrange capital for expanding its overseas business operations.

The bank said that around 250 investors responded to the issue of 64-month fixed rate notes to be listed on Singapore Stock Exchange. A spokesperson from the bank added, “ICICI Bank is raising long-term funds for meeting business requirements of its overseas branches, including financing the existing loan book and meeting growth opportunities.”

SAIL to set up 12-million tonne facility in Jharkhand

PSU major Steel Authority of India Ltd (SAIL) is exploring options to build 12-million tonne facility in Jharkhand. Recently, the state government has granted in-principle approval to SAIL for renewing mining lease for 810 million tonnes of iron ore reserves at the Chiria mines in Jharkhand.

The company is also searching opportunities to acquire licences for coking coal mines overseas and is in discussions with companies in Australia, New Zealand, Mozambique, the US and Indonesia in this regard.

Nectar Lifesciences plans to make an investment of Rs 600 crore in Punjab

Pharmaceutical major Nectar Lifesciences Limited has decided to pump Rs 600 crore with the aim to establish a drug plant in Punjab.

The new facility will mark company’s diversification into dissimilar therapeutic spaces including oncology, cardiovascular, anti-diabetics as well as anti- HIV segment.

The company also envisages to enhance sales three-times in the coming five years to approximately Rs 4,000 crore.

In a declaration, the company said that the new plant which will cover 148 acres of land, will be located at Lalru in Punjab.

BHEL plans to set up marketing office in Kazakhstan

PSU major Bharat Heavy Electricals Ltd (BHEL) has decided to setup a marketing office in Kazakhstan. The move is a part of company's plans to diversify business abroad. BHEL plans to expand its footprint in energy-related and infrastructure sector, as part of enhancing overseas business.

The sources close to BHEL said that the company has already inked MoU with TGR of Hungary for searching opportunities for the supply as well as refurbishment and maintenance of boilers in European and Commonwealth countries.

Yum! Restaurants plans to pump USD150 million in India

US-based Yum! Restaurants has decided to make an investment of up to $150 million (around Rs 700 crore) in India with the aim to spread out its food chains, such as Pizza Hut and KFC and intends to have 1,000 stores by the end of fiscal 2015.

The sources informed that the conglomerate is also exploring to earn yearly revenue of USD 1 billion by fiscal 2015.

Sources added the investment needed the proposed endeavor will come from internal accruals of the company.