JSW to buy Ispat to become India’s largest steel producer

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Sajjan Jindal-led JSW Steel said it will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India’s largest producer of the commodity with an annual capacity of 14.3 million tonnes. As per the terms of the deal, debt-stricken Ispat will issue preferential shares......

Wire & Cable News

Ramsarup to restructure Rs1,800 crore debt

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Ramsarup Industries, wire and TMT bar manufacturer, is going for corporate debt restructuring (CDR) to attract private equity (PE) investment. The company currently has Rs 1,800 crore debt in its books out of which 95% has been put under the CDR mechanism. The total debt is unevenly distributed among a......

Wire & Cable News

RINL aiming at raising capacity

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Rashtriya IspatNigam Ltd (RINL) is aiming at raising its capacity to 11 mtpa by 2015 from 3 mtpa now and initiating steps to set up plants in four states including Orissa and has pumped in about Rs 50000 crore for expansion and modernization. “The company has embarked upon expansion and......

Wire & Cable News

Leoni starts production in India

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Leoni, the leading supplier of cables and cable system to the automotive sector and other industries, has established a wiring systems manufacturing facility near Pune in India and has commenced supply of diesel engine harnesses to Tata Cummins. By 2012 the group of companies thereof expects annual sales of double......

Wire & Cable News

Prysmian- Ravin JV to target 10% market share in India’s cables sector

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

• Focus on high-tech cables for utilities and industrial sectors • New organisational structure in place: Luigi Sarogni appointed CEO and Vijay Karia, Chairman & Managing Director Prysmian a leading worldwide player in the energy and telecommunications cables industry, and Ravin Cables Ltd, its Indian JV subsidiary, presented their development......

Wire & Cable News

Havells Doubles Its Cable and Wire Manufacturing Capacity

wirecableApril 18, 2011April 18, 2011

April 18, 2011April 18, 2011

Havells India Limited, one of the leading cable & wire, electrical and power equipment manufacturing companies in India, has doubled the manufacturing capacity of its cable & wire segment at Alwar plant in Rajasthan. The plant, which is one of the most modern cable manufacturing plants in the country has......

News

Visiting the Great Wall with a China Travel Service

wirecableSeptember 4, 2010April 30, 2016

September 4, 2010April 30, 2016

China is becoming a main tourist destination, especially since its opening to the world in the late 1970s. In 1978, China acquired about 230,000 global foreign tourists, primarily due to the severe limitations that the government placed on who was permitted to go to the country and who was not.......