Business Bytes

KOEL unveils new High Horse Power Gensets

Kirloskar Oil Engine Ltd (KOEL) has launched their new High Horse Power Gensets in Mumbai recently. Having started their High Horse Power Gensets journey in 1998 KOEL has successfully completed 30,000 installations in the country while overall installations crossing 1 million DG sets in the country. To mark this occasion, KOEL announced their foray into the 750, 910 and 1010 kVA range of Gensets for the Indian market.

 R R Deshpande, Joint Managing Director, Kirloskar Oil Engines Ltd, said, “KOEL is not only committed for customer satisfaction but also committed for Greener Earth. KOEL’s state of the art plant at Kagal competes with the best in the world in terms of product quality and reliability. KOEL is simultaneously driving new expansion plans, creating stronger R&D platforms & penetrating into international markets and enhancing brand visibility.”
Sanjeev Nimkar, Vice President and Business Head – Power Generation, Kirloskar Oil Engines Ltd, added, “In the event of power outages, reliable power backup becomes extremely important for smooth running of crucial operations. The 1010kVA Generating set will ensure that KOEL meets demands of our customers’ power requirements and it becomes the most preferred choice of customers in multiple applications.

The new sets are established on an indigenously developed DV series engine platform. These new products are smaller in size, higher in fuel efficiency, lower on maintenance costs and come with easy remote monitoring controls.


NHAI needs Rs 71,911 cr for highway projects

NHAI has estimated a total investment of Rs 71,911 crore for the execution of different highway projects during 2016-17. “LIC (Life Insurance Corporation of India) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year," said Union Minister of State for Road Transport and Highways and Shipping Pon. Radhakrishnan. The Minister also elaborated that no future project would be awarded unless 80 per cent of land is available with the authority with requisite forest clearance.


Sany India forays into mining segment

Sany India, a leading manufacturer of construction, heavy machinery and renewable equipment, has announced its foray into the mining segment at the International Mining & Machinery Exhibition (IMME) 2016, held in Kolkata. The SRT55D Dump Truck was launched in the presence of one of the Top 05 Sany customers in the Southern region. With this announcement, the company also launched its SRT range of off-highway dump trucks in India. The new mining business unit will be headed by Dheeraj Panda, who is the BU Head and VP of Excavator at Sany India.

Deepak Garg, CEO, Sany Heavy Industries Pvt Ltd, said, “With our foray into mining segment, we want to set new benchmarks for Sany India. Sany India will offer complete mining solutions and partner with big mining companies for end-to-end solutions.”

Dheeraj Panda, BU Head and VP of Excavator and Mining, Sany Heavy Industries India, said, “We are excited to enter the mining sector in India. Since mining is a crucial segment adding significantly to the Gross Domestic Product (GDP) of the country, we believe there is a huge potential for us in this market.”

With the launch of the new SRT series off-highway dump truck, Sany India will be offering mining solutions to the iron & coal, power, cement and construction industry. Currently, SANY will be importing these truck series as CBU (Completely Built Units) from China.


Caterpillar showcases 773E and 777E Off-Highway Trucks at IMME

At the International Mining & Machinery Exhibition (IMME) held in Kolkata, Caterpillar presented the Cat773E and 777E Off-Highway Trucks to customers. These machines will be manufactured in Caterpillar’s production facility set up at Thiruvallur, Tamil Nadu.

The 773E/777E Off Highway Trucks are fitted with the 567 kW – 3412E - HEUI Engine and 758 kW - C32 Engine respectively. Both trucks meet U.S. EPA Tier 2 equivalent/China Nonroad Stage III emission standards. Both machines are equipped with the new basic Vital Information Management System (VIMS) and are capable of transmitting productivity data when equipped with Truck Production Management System (TPMS) and Product Link. An extensive list of options enables customers to configure their trucks to match their applications and their business objectives.

Rahul Jain, India Region Manager, Global Mining, Caterpillar India, said, "India is an important market. Participating in IMME gives us an opportunity to engage with representatives of a wide range of businesses and to present the strengths of Caterpillar—quality products, advanced technology and excellent after-sales service and support through our unmatched dealer support.” Product support and maintenance service for all the new products will be provided through the vast support service network of Cat’s two dealers in India – GMMCO and TIPL.


Sanghi Ind to raise capacity

Cement maker Sanghi Industries Ltd is planning to further augment its capacity post its expanded production capacity of its plant located at Abdasa in Kutch district. The company is looking at raising Rs 1,200 crore to fund its proposed expansion.

Sanghi, one of the major cement players in western India, has recently increased production capacity of its Kutch cement plant by 1.2 million tonne per annum (MTPA) to 4.1 MTPA. In the second phase, the company is further increasing the capacity to 8.1 MTPA.
Apart from capacity augmentation, the company is establishing 15 MW Waste Heat Recovery System, which will convert waste heat into power. This is likely to come on stream in two years.
With transportation playing a key role in deciding cost of cement, Sanghi is actively looking at tapping the sea route to ship cement from its Kutch plant. The company already operates 1 million metric tonnes per annum captive jetty in Kutch, which transports cement to its existing receiving terminals at Navlakhi in Rajkot district and Dharamtar at Mumbai.
Sanghi is further working on a plan to develop such a terminal at Surat for servicing the South Gujarat market.


Centre plans three solar Ultra Mega Power Projects in Maharashtra

The Central Government has sanctioned three solar ultra mega power projects in Maharashtra. One of them will come up in Vidarbha while the other two will be in Marathwada and Khandesh. An eleven member committee under principal secretary (energy) had been set up to identify the sites for these plants.

It is reported that the installed capacity of each of these plants would be 500MW. The central government has set a target of generating 1.75 lakh MW through new and renewable energy sources by 2022. Of this the share of solar power is 1 lakh MW.


Wirtgen India wins award from Indo German Chamber of Commerce

At the 60th Annual General Meeting of Indo- German Chamber of Commerce held in New Delhi, in October, the award - “For Outstanding Contribution Towards The Promotion Of Indo-German Economic Relations” was given to Wirtgen India for the year 2016 for being the fastest growing company in the Chamber.

This award was presented by Alexander Dobrindt, German Federal Minister of Transport & Digital Infrastructure to Ramesh Palagiri, Managing Director & CEO, Wirtgen India.


Emami to spend Rs 8,500 cr in cement arm

Shortly after foraying into the cement space, the Emami Group is aiming at capacity of 15-20 million tonne (mt) in the next three to five years, from the existing 2.4 mt, investing Rs 8,500 crore to do so. The cement arm of the diversified group will invest Rs 3,500 crore to build a 5.5 mt per annum (mtpa) clinker unit in Chhattisgarh and two grinding units of 1.5 and 2 mtpa each in Odisha and West Bengal.
The Chhattisgarh unit is expected to achieve full capacity utilisation in 2018. In the same year, the Odisha grinding unit is to commence production. The West Bengal unit will start in January next year.
Emami Cement will further invest another Rs 3,500 crore to set up a six mtpa plant in Rajasthan, where it recently won a limestone mining lease. This project is expected to become operational in the next three years. Another two mtpa capacity clinker unit will come up in Guntur district of Andhra Pradesh, where the group has earmarked Rs 1,500 crore, add reports.
It is also looking at acquiring smaller integrated cement units in central and east India.