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Tata’s to set up new assembling unit in Bangladesh to cater NE markets
Nitol-Niloy Group, importer of Tata vehicles in Dhaka, on Saturday invited Tata Motors to set up Tata Ace assembling unit in Bangladesh to cater to North Eastern India and Myanmar markets.
Abdul Matlub Ahmad, Chairman of the Nitol-Niloy Group, wants Tata Motors to leverage their existing JV, Nita Co, to add the assembling unit.
Nita Co, the sole distributor of Tata Motors’ trucks in Bangladesh, and has an assembling unit for medium and heavy-duty vehicles.
NSE IFSC launches debt securities; lists IREDA’s masala bonds
Leading bourse National Stock Exchange (NSE) today launched the debt securities platform at its international exchange NSE IFSC at Gujarat’s Gift City with the listing of IREDA’s Rs 1,950-crore green masala bond.
The bond issue by Indian Renewable Energy Development Agency (IREDA) is the first debt security to be listed on the NSE IFSC and will offer high cost efficiency as well as enable issuers to access international investors.
Oceanaa Biotek joins hands with Thailand co
Oceanaa Biotek Industries has signed a memorandum of understanding with Inteqc Holding Co Ltd, a Thailand group feed manufacturing company, to jointly set up a shrimp feed manufacturing unit at the Chennai-Nellore Highway.
The latter is in the business of manufacturing animal feeds and holds the technology for manufacturing prawn feed, fish feed, etc in Thailand. Shareholders of Oceanaa Biotek will track the business development on this front.
CETC (India) lays foundation stone for 200-MW solar PVC unit at Sri City
CETC (India), an ancillary of China Electronics Technology Group Corporation (CETC), on Thursday performed the ground-breaking ceremony for 200-MW solar photovoltaic cell (PVC) manufacturing park (phase 1) at Sri City in Andhra Pradesh.
Liu Liehong, General Manager, CEO, CETC, laid the foundation stone for the facility expected to be commissioned within 18 to 20 months.
BPCL-HPCL to build liquid terminal at Kamarajar Port
An equal joint venture between state-run oil refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) has won the rights to develop and run a liquid terminal at Kamarajar Port Ltd near Chennai.
The consortium — the only group to put in a price bid on a public tender — was awarded the ₹393-crore, 3-million-tonne (mt) capacity project a few days ago, a spokesman for the port said. The BPCL-HPCL consortium had quoted a revenue share of 23 per cent for the new facility which seeks to tap into the growing demand for POL, LPG products and Lube Oil Base stock (LOBS) in bulk in Tamil Nadu and neighbouring States. The terminal is expected to start operations in 2020-21.
First India-Japan Workshop on Disaster Risk Reduction to begin on 19th March