HPCL handles 7 lakh tonnes of crude
Visakhapatnam: The Visakha refinery of the HPCL has processed 7 lakh tonnes of crude during the first nine months of the current fiscal. HPCL says that there were proposals to take up project works worth Rs2,000 crore during the next two or three years and new technologies would be brought in to further improve the functioning of the refinery.
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Tinna Overseas markets bitumen modifier overseas
New Delhi: Delhi-based Tinna Overseas Ltd (TOL) has joined hands with Pakistan's National Refinery Ltd (NRL) and Bahrain Petroleum Company (BAPCO) to launch rubberised bitumen for roads in the two countries.

Pakistan and Bahrain would use the TBM super bitumen modifier developed by TOL, the company has said in a statement. TOL has also received an invitation from Bhutan to give a demonstration of its TBM super on a 100-metre stretch at a high altitude. Besides, the company is planning to launch TBM super bitumen modifier in Sri Lanka, Bangladesh and China in the next two years.

According to TOL, the refineries have shown keen interest since they stand to gain through the tie-up due to added margins on sale of rubberised bitumen and increase in production without any capital expenditure.

The quality of bitumen, the main binder for making roads, has a vital effect on the longevity of roads and riding comfort of users. The TBM Super modifier, a rubber additive developed by TOL in 1996, helps in enhancing the properties of bitumen by adding visco-elastic properties of rubber. TBM Super is made by chemically treating shredded rubber and other additives such as natural asphalt.
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Rashtriya Ispat set to achieve Rs7,500 crore turnover
Visakhapatnam: Rashtriya Ispat Nigam Ltd is set to achieve a record turnover of Rs7,500 crore during the current fiscal. The company has said that the capacity of the plant would be expanded to 7 million tonnes by 2007 from the present 3.2 million tonnes. The board had approved the expansion plan and it had been submitted to the Ministry of Steel.

The plant was currently operating at 115-120 per cent of rated capacities. The expansion would be funded through internal resources and therefore operational costs would have to be reduced further.

The immediate priority was the upgradation of the automation systems and introduction of new technologies for improving productivity.
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Seaton Corp. to move more work to Bangalore
Bangalore: Chicago-based staffing solutions company Seaton Corp, which inaugurated its office last week here, is tapping the temping and recruitment process outsourcing markets in the country. The company handles about 80,000 calls a week in the US in the candidate process business and hopes to outsource a significant number of calls here soon.

Though SeatonIndia has been operational since April 2003, it was only providing back-office support and infrastructure services to the parent company, SeatonCorp, and its subsidiaries - StaffManagement and PeopleScout.

The company has invested about $1.5 million in its facility in Bangalore. The facility will employ about 150 professionals including recruiters, team leaders and technicians.
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Zensar in Deloitte's Fast 500 Asia-Pacific rankings
Pune: The Pune-based information technology and BPO solutions provider Zensar Technologies has been ranked among the top 500 technology companies in the Deloitte Technology Fast 500 Asia-Pacific programme.

Instituted by Deloitte Touche Tohmatsu, the programme, now in its third year, ranks technology companies that have achieved the fastest rates of aggregate annual revenue growth over the past three years in the Asia-Pacific.

The 2004 results of the Deloitte programme were announced at a ceremony in Hong Kong recently.

Zensar Technologies reported global consolidated revenues of Rs90.97 crore and net profits of Rs7.26 crore for the quarter ended December 2004. The growth over the third quarter in the previous year has been 26.8 per cent in revenue and 148.6 per cent in profits.
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Saba Software expands Pune facility
Pune: Human Capital Management (HCM) solutions provider Saba Software has opened its second development centre at Pune. The company is also in the process of putting in place plans to set up its global sales and support services centre in Pune by mid-2006, it has said.

The company, which has been in the HCM space since 1997, will put up a 60-people facility at Pune to add to its 100-strong team at Seepz in Mumbai.

The growth in India is to cater to its global clients including Standard Chartered, ABN Amro Bank, Procter & Gamble and Cisco.

The company, which is in the business of developing software that help large corporations to train its staff and upgrade specific skill sets, is now working on a new generation suite of HCM products for which a bulk of work will be done out of its India development centres, the company said.

With the India plan picking up speed, the company is increasing its budget allocation for the operations here. The company, which spent $10 million in R&D last year, will increase it to $25million this year of which half would be allocated to Indian operations.
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