DGCA grounds Orbit Aviation’s aircraft

DGCA grounds Orbit Aviation’s aircraft

India's civil aviation regulator, the Directorate General of Civil Aviation (DGCA) has grounded an aircraft belonging to Orbit Aviation Private Limited after noticing "serious" safety violations.

The regulator is conducting a safety audit to ensure safety of flights during this election season. The aircraft with the registration VT-PSB is owned by Orbit Aviation, which is partially owned by Punjab Sukhbir Singh Badal. Officials have said that the aircraft will only be allowed to fly after the operator meets all safety requirements.

RCF Kapurthala to build super-luxury Anubhuti coaches

RCF Kapurthala to build super-luxury Anubhuti coaches

The rail coach factory (RCF) in Kapurthala, Punjab, will be assigned with the task of building super-luxury class Anubhuti coaches Shatabdi, RCF officials said.

The officials said that they had been informed verbally that the Railway Board had decided to place the order for building Anubhuti coaches for to RCF Kapurthala.

The announcement about the introduction of super-luxury class Anubhuti coaches was made in the recently tabled rail budget by railway minister Pawan Bansal.

Government and Private Sector Units Procure Wheat in Punjab

Government and Private Sector Units Procure Wheat in Punjab

It has been revealed that Government agencies and private millers acquired more than 75.16 lakh tons of wheat till Monday evening. There has been an increase in the yield that has been procured. Last year, the quantity was
71.31 lakh tons

Out of total wheat of 75.16 lakh tons that was obtained at the centers in Punjab, Government agencies received 75.01 lakh tons of wheat (99.8%), while the private traders took 14319 tons (0.2%) of wheat.

It has been reported that till April 20, PUNGRAIN had acquired 12.14 lakh tons (16.2%), while MARKFED obtained 17.29 lakh tons (23.0%).

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.

IRB emerges as lowest bidder for Punjab Highway Project

IRB emerges as lowest bidder for Punjab Highway Project On Friday, IRB Infrastructure Developers Ltd. said that the company has come out with the lowest bid for the Punjab's highway project worth Rs 12 billion.

The company stated that the project is grant basis with 20 years of conceding period and the approximate price of the project is Rs 1200 crore.

Bharti Wal-Mart store launch put off in Amritsar following violence in Punjab

Bharti Wal-Mart store launch put off in Amritsar following violence in Punjab With widespread violence in the Sikh-dominated Punjab state, following Sunday's attack on a Sikh temple in the Austrian capital Vienna, the Tuesday launch of the Bharti Wal-Mart wholesale in Amritsar has been put off for the present.

Rains may affect wheat production, delay harvesting

The untimely and non-seasonal moderate to heavy rainfall in Punjab and Haryana may affect the early varieties of wheat besides delaying the harvesting season by over one weak. The harvesting season usually begins from April 1 under normal weather conditions.

The region also witnessed hail storms in some parts that damaged the crop at a time when price of food products are ruling strong, despite over all historic low inflation.

ISB to set up second campus in Mohali

Prestigious Indian School Of Business is setting a second campus of ISB in Mohali. ISB has already a campus in Hyderabad which is known for producing highly skilled professionals. Punjab government and leading corporate houses such as Max India, Bharti, Hero and Punj Llyod would also extend help to ISB for proposed Rs 300 crore campus in Mohali. The business school is likely to operate by 2012 with about 280 students.

GEI Industrial gets orders worth Rs 24.5 crore

GEI Industrial Systems Ltd, a leading player in air-cooled heat
transfer technology, announced that it has pocketed two orders worth Rs
245 million.

The source close to the company said the first
order has been bagged from America headquartered Solar Turbine (a
Caterpillar company), Houston, USA for supply of process gas coolers
and gas coolers for compressor station to be build  by Oman Gas Company
at Nimr in Oman.

While, second contract has been awarded by
HPCL-Mittal Energy for air cooled heat exchangers for 9 MMPTA Guru

Lakshmi Energy inks ‘Power Purchase Pact’ with PTC India

Lakshmi Energy And Foods Limited, formerly known as Lakshmi Overseas, has entered into a Power Purchase Agreement (PPA) with PTC India, for selling green power generated from its biomass based 30 MW power plant for a duration of five years.

Under the PPA, the company will sell green power to PTC India at a minimum assured price of Rs 7.50 per unit for one year w.e.f. October 1, 2008.

According to the statement issued by Lakshmi Energy, the latest agreement will add to both, the topline as well as the bottomline of the company.