Rs625 crore power plant order for BHEL
New Delhi: Bharat Heavy Electricals Limited (BHEL) has bagged an order worth Rs625 crore from Madhya Pradesh Electricity Board for setting up a 210 MW unit at Amarkantak thermal power station.

The order relates to setting up of one unit of 210 MW capacity thermal plant on a turnkey basis in 24 months. The commissioning of the project would help in improving the power situation in the state.

BHEL had earlier supplied and commissioned four thermal sets of 210 MW each at MPSEB's Birsinghpur and Satpura power stations.
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FDA nod for Natco Pharma's API plant
Hyderabad: Natco Pharma Ltd (NPL), the Hyderabad-based Rs154-crore pharmaceutical company, has announced that it has obtained the approval from the United States Food and Drugs Authority (USFDA) for its active pharmaceutical ingredients (APIs) manufacturing facility located at Mekaguda in Mahboobnagar district of Andhra Pradesh.

The company has already received approval from the Danish Health Ministry for marketing of Ondansetron in 4 mg and 8 mg tablets form, opening the European Gateway for the company. Natco has also received UK Medicine & Health Regulatory Agency's marketing approval for its Metronidazole in 400 mg tablets form.

The company has already filed seven drug master files (DMFs) with the USFDA and proposes to file another six DMFs by the current fiscal-end, essentially in the area of anti-depressants, anti-emetic and anti-cancer therapies. The company says it is actively pursuing steps connected with the compliance with the Mutual Recognition Protocol in Europe for approvals from more EU countries.

The company has also drawn up elaborate expansion plans, which includes a new production block at Mekaguda in conformity with FDA standards. The expansion is expected to be ready by June next year. Further, the company is also planning additional capacity at the formulation facility of Kothur providing for eight additional modules.

In addition, the company is also planning the construction of a dedicated anti-cancer and anti-viral block and a separate block for chemical intermediates. On completion of this expansion, the company's facility would become one of the biggest and modern in both APIs and finished dosage formulations, the release said.
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HPCL to tender for e-fuel stations
Hyderabad: Hindustan Petroleum Corporation Ltd will establish 500 new retail outlets, 70 per cent of them in the rural areas, by March 2005. The company is also set to call for global tenders for 500 fully automated or e-fuel stations.

HPCL is in the process of inviting tenders for e-fuel stations or fully automated retail outlets where the billing is reconciled instantaneously.

HPCL also plans to roll out a sales promotion campaign in Andhra Pradesh targeting high speed diesel customers.
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VIP Ind. hub centre comes up in Hong Kong
Mumbai: VIP Industries Ltd has said that it has set up a new hub centre in Hong Kong to tap the $750 million (around Rs3,435 crore) luggage market in the South East Asia and Asia Pacific region.

The company is planning to launch its recently-acquired British brand, the Carlton range, in this market.

The company would be using its Hong Kong office to source good quality soft luggage accessories and semi-finished luggage components from the competitive Chinese industry.

The company also plans to set up a modern design centre at the Hong Kong office to ensure that its design and new product developments are in step with global trends. The company would also source new designs from designers for the global market.
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Xerox stake in India arm up at 86 per cent
New Delhi: Xerox Corporation has announced the acquisition of MCorpGlobal's 36.4 per cent stake in Xerox Modicorp for an undisclosed sum, taking its total stake to 86 per cent.

The company, which has been under the scanner in the US and in India for payment irregularities, plans to make its Indian arm a wholly owned subsidiary.

The FIPB and the Reserve Bank of India (RBI) have approved the buyout, the statement said. The remaining 14 per cent equity in the company is with the public and Modi Rubber.
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IBM launches world's 'smallest' desktop
New Delhi: IBM India has announced the launch of the new ThinkCentre S50 ultra small, the world's smallest full functional desktop PC and targeted at the value space.

The price of the desktop ranges between Rs38,000 and Rs48,000 depending on the configuration. At 5.9 kg and a footprint smaller than many notebook PCs, the new desktop includes IBM's patented think Vantage Technologies, which helps in reducing system operating costs, the company said.

The ThinkCentre S50 ultra small features an internal power supply, one PCI slot, one Slim-line optical drive slot, one 3.5-inch internal hard drive and Intel Pro-1000 Enternet.
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Nokia launches 'Vertu' premium handsets
New Delhi: Mobile handset leader Nokia has launched its super premium mobile phones under the brand name Vertu in the country.

The phones, priced between Rs2.42 lakh and Rs17.2 lakh apiece, will be distributed through Regent Watch and Jewellery stores at Delhi and Mumbai initially.

Both the lines of Vertu phones - Signature and Ascent - have been launched in the country. The phones comprise precious metals such as white gold, yellow gold, platinum, scratch resistant sapphire crystal face and jewelled bearings.

The company says that Vertu is not a mass-market product and the company's sales strategy will be focused on individual buying.
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Men's innerwear range from Van Heusen
Bangalore: Madura Garments' premium brand for corporate wear, Van Heusen, has forayed into the mens innerwear category with the launch of briefs, vests, boxers, loungewear and thermal wear.

The Van Heusen innerwear is priced between Rs110 and Rs180, while loungewear falls between Rs699 and Rs845.

This collection will be available at all the exclusive Van Heusen showrooms, Planet Fashion, Trouser Town and leading multi-brand outlets.

The domestic mens innerwear market is estimated at 350 million units ands valued at about 2500 crore. The premium segment of this market, priced above Rs90, and estimated at Rs350 to Rs400 crore, is growing at 20 per cent annually.
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