BUNDY INDIA INAUGURATES Rs1.8-CR PLANT IN CHENNAI

Article Abstract:

Bundy India Ltd, a joint venture of the Murugappa group and the Tube Investments group, inaugurated its facility in Chennai on March 16, 1999. The plant manufactures brake and fuel components. It is an original equipment supplier to Hyundai Motor India. Bundy India Ltd has factories in Gurgaon and Pune. The plant in Chennai will supply equipment to Brakes India, Ashok Leyland and other automobile companies. The Tubes India group holds 74 percent stake, the Murugappa group 10 percent and 8,000 private investors the rest of the stake in Bundy India Ltd. (rk) (kvr)

Comment:

Bundy India Ltd, a joint venture of the Murugappa group and the Tube Investments group, inaugurated its facility in Chennai on March 16, 1999.

Steel Pipe & Tubing, Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Steel products, Tube Investments Ltd., Murugappa Group, Bundy India Ltd., Bundy Corp.

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RCF IN JV TALKS WITH HZL, INDO-GULF FOR DAP PROJECT

Article Abstract:

Rashtriya Chemicals & Fertilisers (RCF) plans to set up a 1,250 tonnes per day diammonium phosphate (DAP) project. RCF is planning to tie up with Indo-Gulf Corporation of AV Birla group for the Rs350 crore DAP joint venture. It is also negotiating with Hindustan Zinc Limited (HZL) at Udaipur in Rajasthan for an alternative joint venture plan for the project. The negotiations with the companies are for getting sulphuric acid which is a key input in the production of DAP. (gs)

Comment:

Plans to set up 1,250 tonnes per day diammonium phosphate project in joint venture with Indo-Gulf

Phosphatic Fertilizer Manufacturing, Diammonium Phosphate, Rashtriya Chemicals and Fertilizers, Indo-Gulf Corp.

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PILKINGTON'S Rs100-CRORE GLASS PLANT IN TN SHELVED

Article Abstract:

Pilkington Plc (PP) of the UK has dropped its plans to set up a Rs100 crore automotive safety glass project near Chennai. The project was a joint venture of PP with the Tamil Nadu Industrial Development Corporation (Tidco) on a 89:11 partnership. It had acquired 40 acres land near Chennai for the 2.5 lakh vehicle sets per year facility. The economic slowdown in India and south-east Asian currency crisis are the reasons attributed to the shelving of the project. (rk)

Comment:

Plans to set up Rs100 crore automotive safety glass project near Chennai, India, in JV with Pilkington of UK is dropped

Flat Glass Manufacturing, Safety Glass, Pilkington PLC, Tamil Nadu Industrial Development Corp.

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