India PR Line : Indian Press Release » Mining/Metals

Uncertain Rare Earth Supplies Planting a Question Mark over the growth of the Hybrid Vehicle market

krishnasharma — Thu, 22 Dec 2011 11:37:28 +0000

The market for hybrid vehicles is currently witnessing rapid growth with analysts expecting their demand to grow several folds during 2011-2015. The extensive adoption of these vehicles can be attributed to a number of factors. These include: a growing awareness among end users, government support, rapid technological advancements and a continuous increase in oil prices. Question marks, however, are currently hanging over the future growth of these vehicles – at least in the short term. A new study from IMARC Group, one of the worlds’ leading research and advisory firms entitled “The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?” finds that hybrid vehicles largely depend upon four rare earth elements –Praseodymium, Neodymium, Terbium, and Dysprosium. Out of these four elements, the later three are expected to face a critical supply crunch in the near future.
Findings from the report suggest that NdFeB magnets are the enabling technology for today’s electric vehicles. The commonly used rare earth magnets of today combine 31% Neodymium with 68% Iron and 1% Boron. However, these magnets when used in hybrid vehicles have to be alloyed with up to 4.5% of Dysprosium by weight that dramatically improves its temperature handling capability. Terbium, even though more expensive and a lot rarer than dysprosium, can also accomplish the same thing. Praseodymium may also added to the magnet to enhance its field strength. The report expects that the demand of NdFeB magnets is expected to grow exponentially with an increasing demand of hybrid vehicles. This in turn is expected to drive the consumption of the rare earth elements – Neodymium, Praseodymium, Dysprosium and Terbium in the coming years.

Findings from the report also suggested that NdFeB magnet manufacturers are heavily dependent upon China for their rare earth supplies. In 2010, China accounted for 99% of the global Terbium production, 98% of the global Praseodymium production and 97% of both Neodymium and Dysprosium production. As a result of its increasing domestic demand, the Chinese government in recent years has significantly restricted the export of these elements. For instance, between May 2010 and August 2011, the domestic prices for Neodymium in China increased eightfold, this resulted in the Chinese government decreasing its export quota and ramping up its export taxes on rare earths leading to sky rocketing prices and a shortage of rare earth elements for the rest of the world.
Supply demand projections from the report suggest that with the opening of a number of non-Chinese mines during 2011–2015, the production of these four rare earth elements will significantly increase and diversify. However, excluding Preseodymium which is expected to be oversupplied by 17%, the report expects the demand of Dysprosium, Terbium and Neodymium to outpace their total supply by 71%, 10% and 9% respectively by 2015. The report suggests that the shortage of these three rare earth elements may have a major impact on the growth of the hybrid car market as they have limited substitutes and recycling options.
IMARC’s new report entitled “The Global Rare Earth Elements Market 2011-2015: Is the Hype Justified?” provides an analytical and statistical insight into the global rare earth elements market. The study that has been undertaken using both desk-based as well as qualitative primary research has analyzed five aspects of the rare earth elements market.

Key Aspects Analyzed in this Report:

Understanding the Mining Economics of Rare Earth Elements:
Focus of the Analysis:
• Rare earth mine valuation
• Stages and time taken to develop and start production at a rare earth mine
• The total costs involved in rare earth mining
• Mining and downstream processing of rare earth elements
• Rare earth element pricing

Understanding China’s Role in the Global Rare Earth Elements Market:
Focus of the Analysis:
• China’s role in the global supply and demand of rare earth elements
• Reasons for China’s dominance
• China’s current and future supply strategies

Comprehensive Situation Analysis of the Global Rare Earth Elements Market:
Focus of the analysis:
• Quantifying the historical sales and production of rare earth elements
• Identification and evaluation of current global rare earth mines
• Identification and evaluation of mines expected to begin production in the next five years
• Current and future consumption of rare earth elements
Evaluating the Supply and Demand of Various Rare Earth Elements:
Focus of the analysis:
• Quantifying the production of each element from current and future mines
• Quantifying the current and future demand of each element
• Historical, current and future prices of each element
• Evaluating the supply risks of each element and its importance for clean technology
• Identification of critically undersupplied and oversupplied rare earth elements

Information Sources:
Information has been sourced from both primary and secondary sources:
• Primary sources include industry surveys and face to face/telephone interviews with industry experts.
• Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.

To buy the complete report or to get a free sample:

Call: +91-120-425-6531 (Asia) +1-631-791-1145 (America)

Email: sales@imarcgroup.com

To know more please visit:

http://www.imarcgroup.com/the-global-rare-earth-elements-market-2011-2015-is-the-hype-justified/

For more information, visit: http://www.imarcgroup.com

Green Peace Takes ‘The Missed Call’ Route To Save Forests

admin — Thu, 15 Dec 2011 04:46:32 +0000

Green Peace is using an innovative missed call based system from Bangalore based company ZipDial to spread awareness and make people pledge against the coal mining in Maharashtra.

Bangalore 14^th December, 2011: The Indian arm of Green Peace, the International environmental NGO, in an ordeal to save our forests, has taken an innovative route to make people pledge against the coal mining in regions like the Chandrapur region of Maharashtra or Singrauli. The NGO has tied-up with a Bangalore based mobile technology company, ZipDial to make it effortless for people to pledge for the campaign.

ZipDial, the startup well known for its missed call based platform, has provided a number for the Green Peace campaign that anyone could simply ZipDial, or dial a missed call on, to pledge. Supporters also get a chance to refer their friends and win a badge.

How it works.

1. Green Peace promotes the ZipDial number +918049311109, as a mechanism to pledge, through various mediums.

2. Participants ZipDial (missed call) on the number to pledge their support.

3. The participants also get an SMS back with a unique number that they can share with friends and family to gather their support.

4. The referral mechanism allows the marketer to track which participants are most active in promoting the campaign. Hence reward them with a social recognition or acknowledge with a badge.

Results:

1. A total of 86,797 people have taken the pledge in the 3 weeks since launch.

2. 34,299 people took the pledge in first week itself.

3. 30% of the users who pledged also took up a referral number of their own to share with friends and family.

4. There was an increase in pledges by about 27% due to the referral system, hence exhibiting the viral nature of the platform.

5. Karnataka and Maharashtra users were the most active in pledging with almost 45% contribution to the total.

Commenting on the performance of the campaign, CEO of ZipDial, Valerie R. Wagoner said, “We are delighted that our platform has been useful for this important cause. The campaign has produced good results and this is the core advantage of running a campaign on ZipDial platform. One does not need a fancy phone or data connectivity to participate. Any phone with simplest of features can be used to participate in a ZipDial campaign, hence resulting in a high engagement ratio for the marketers spend. Not many platforms can result in such numbers for any campaign with minimum promotional budgets.”

For Further Details contact:

Shwetha N

Shwetha@mediamoments.in

9663398976

Vaswani Industries IPO Opens on 29th April 2011

admin — Wed, 27 Apr 2011 04:50:54 +0000

Vaswani Industries IPO Opens on 29th April 2011

Mumbai, April 26, 2011: Vaswani Industries Limited (VIL) is entering the capital market with a Public Issue of 1,00,00,000 Equity Shares of Rs.10 each for cash in the Price Band of Rs.45 to Rs.49 per Equity Share. The 100% Book Built issue will constitute 42.57% of the post issue paid-up equity capital of the Company.

The Public Issue will Open on Friday, 29th April 2011 and Close on Tuesday, 3rd May 2011.

Vaswani Industries Ltd. has been promoted by Ravi Vaswani, Pramod Vaswani and Yashwant Vaswani. The company belongs to Vaswani group which has interests in iron and steel since the past two decades.

The company is presently engaged in the integrated business of manufacturing sponge iron, steel billets and ingots and power generation.
The manufacturing facilities are located at Sondra Village, around 14 kms from Raipur Railway Station.

The Company has installed capacity of 3×100 TPD of sponge iron and 36000 MT of steel billets and ingots. The company also generates 11.5 MW of power. The surplus power is being sold to private power companies and the State Electricity Board.

For the year ended 31st March 2010, the company posted a Profit After Tax of Rs.3.68 crores on a Total Income of Rs.90.85 crores. For the 7 month period ended 31st October 2010, on a Total Income of Rs.68.78 crores, the Company posted a Profit After Tax of Rs.2.69 crores.

The issue proceeds would be utilized for pre-payment of term loan, long term working requirements, general corporate purposes and meeting the issue expenses.

The Equity Shares of the company are proposed to be listed on BSE and NSE. Ashika Capital Ltd. is the Book Running Lead Managers to the Issue.

Steel: A Sustainable future

admin — Thu, 14 Apr 2011 06:54:34 +0000

Tata Steel international organised a conference on steel framed construction in March 2011. The conference, held in Mumbai, included an expert panel discussion with leading Architects, Engineers and Steel Fabricators to review the opportunities and benefits of steel construction. The panel, comprising Mr Gokaran, Raja Aedri Architects; Mr Kamal Hadkar, MD Sterling Engineering Design Consultancy Services; Mr. Srinidhi Anantharaman, MD – Geodesic Techniques Pvt. Ltd and Mr. K. Sarvanan, GM, India – Eversendai Construction Pvt. Ltd, addressed a crowd of 130 people and discussed a wide variety of topics, including speed, sustainability, efficiency, costs and issues that are faced while laying out at site with relevant case studies that originally addressed the same issues, but were over come through design technology.

Tata Steel International

Tata Steel International (formerly Corus) have been promoting the benefits of using structural steel vs concrete in residential and commercial structures in recent years. With the ever changing city skylines, new methods of sustainable construction are being considered and the benefits of using steel over concrete are being discussed.

Steel-framed construction has been shown to provide sustainable buildings not only in embodied energy calculations but crucially in creating high-quality, long-lasting buildings. Such buildings, with their flexible layouts, have a long useful life so that they are future-proofed and do not need to be demolished with a change of use. When they do reach the end of their life, 98% of the steel is recycled or reused, making steel the obvious choice for multi-storey, ‘greener’ buildings.

Last month, Tata Steel international organised a conference on steel framed construction. The conference, held in Mumbai, included an expert panel discussion with leading Architects, Engineers and Steel Fabricators to review the opportunities and benefits of steel construction. The panel, comprising Mr Gokaran, Raja Aedri Architects; Mr Kamal Hadkar, MD Sterling Engineering Design Consultancy Services; Mr. Srinidhi Anantharaman, MD – Geodesic Techniques Pvt. Ltd and Mr. K. Sarvanan, GM, India – Eversendai Construction Pvt. Ltd, addressed a crowd of 130 people and discussed a wide variety of topics, including speed, sustainability, efficiency, costs and issues that are faced while laying out at site with relevant case studies that originally addressed the same issues, but were over come through design technology.

Tata Steel International have supplied the Indian construction sector with knowledge and advice as well as ComFlor composite decking, hollow sections, structural sections and plates into projects such as ICICI Bank HQ Hyderabad; Sunshine Tower, Mumbai which is the tallest steel frame commercial building in India ; Eicher Corporate Park, Gurgaon, which is the world architecture award winner, Mumbai International Airport , T2 terminal ; Cidco Exhibition Centre , Navi Mumbai, Thyagraj Stadium, New Delhi, which is india’s first eco friendly stadium that was used for the Commonwealth Games 2010 ; Grand Palladium, Mumbai , with is a perfect example of a modern day unique asymmetric steel architecture and the MMRDA Office Building, Mumbai

With the rise in environmental awareness and adoption of schemes such as LEED rating and BREEAM, clients are becoming more demanding and are aware that this can have a bearing on the value of their investment. The steel industry recognises this and is leading the way in refining production methods and improving products and design methods to ensure that steel maintains its credentials as the material of choice for sustainable construction.

Tata Steel International

www.tatasteelinternational.com

Editor’s Notes:

Tata Steel is one of the biggest steel producers in the world with an annual production capacity of over 32 million tonnes per year and over 80,000 employees.

Tata Steel International is the specialist supply chain management business unit with annual sales of 7 million tonnes of steel. The business manages an international network of seventy offices in fifty countries in strategic locations worldwide.

Tata Steel International has a scope of supply that extends across the full range of steel products, but retains sector-specific focus with specialist commercial teams around the world. In addition, Tata Steel International has composite decking production facilities in the UK, India, UAE and New Zealand and stockholding facilities in North America, Europe, South Asia, the Middle East and the Far East.

For further details, please contact Nitesh Savant (Tata Steel International – Mumbai office) or Lalit Jaisingh (Pressman PR)

Tata Steel International
(Mumbai office):
503 -504, Raheja Chambers,
213 Backbay Reclamation
Mumbai 400 021
T: +91 22 22 82 31 26 or 46
F: +91 22 22 87 51 48
W: www.tatasteelinternational.com

Pressman PR
(Mumbai office):
126 , Jolly Maker Chambers II
Nariman Point
Mumbai 400 021
T: +91 22 43026000
F: +91 22 43026030
W: www.pressmanpr.com

Mining Sector requirement for skilled manpower would fall short by 1500 and 2,200 people in 2009-2017 and 2009-2025: CII Study

admin — Mon, 14 Mar 2011 05:32:25 +0000

Mining Sector requirement for skilled manpower would fall short by 1500 and 2,200 people in 2009-2017 and 2009-2025: CII Study.

The Mining Industry over the past few years has become an important segment of the Indian economy. The Mining Industry has contributed approximately 2.5% – 3% to the GDP over the last few years and the same is expected to increase to about 5% to the GDP over the next few years. Factually, the Mining Industry in India is the largest employer and the sector is poised for rapid expansion making it essential to map the skill requirement in the industry at various functional levels.

Against this backdrop, CII has undertaken a Study on the “Mapping of Human Resources and Skills for the Mining Industry in India. The report projects the human resources requirements of mining industry, maps the available levels employed in the mining industry and, identifies skill gaps, and suggests measures to bridge the same.

The report states that India produces as many as 86 minerals, which include 4 fuels, 10 metallic, 46 non-metallic, 3 atomic and 23 minor minerals (including building and other materials). The mineral production (excluding petroleum and natural gas) has increased from Rs. 53,713 crore in 2004-05 to Rs. 86,780 crore in 2008-09 at a CAGR of 12.7%. Fuel minerals account for the majority share, however, the share of fuel minerals in the overall production has declined from 61% in 2004-05 to 51% in 2008-09. During the same time period the share of metallic mineral in the overall production has increased from 19% to 34%.

Globally, India ranks among the top 5 players in terms of production of several important minerals and India has abundant reserves of several important minerals. Orissa, Chhattisgarh, Andhra Pradesh and Jharkhand together contribute to more than 39% of total mineral production in India. The report indicates that at present around 9 lakh persons (covering direct and outsourced) are employed in the mining & exploration of Coal, Metallic and Non Metallic, Minor & Other minerals. Coal accounts for more than 75% of the total employment.

In terms of distribution of employment across geography, Orissa, Rajasthan, Jharkhand and Karnataka together accounts for around 58% of total Metallic, Non-metallic and Minor minerals employment whereas Jharkhand, West Bengal, Andhra Pradesh and Madhya Pradesh together accounts for more than 73% of total Coal & Lignite employment. Of the total employment, women constitute only about 7% of total employment in the Mining industry. However, given the current level of employment there is scope for further increase in women’s share of employment.

Given the thrust on the exploration activities in the National Mineral Policy, 2008, demand for the geoscientific personnel is expected to rise. Based on the estimated demand and the current supply from various educational institutes, a demand supply gap of about 1,500 and 2,200 is expected during the period 2009-2017 and 2009-2025 respectively. Also courses related to areas such as Geoinformatics, Climate change, Advanced course in Remote sensing are required to cater to the growing need of the industry.

Mining engineering category is expected to experience a demand supply gap of about 3,000 in the short term (2009-2017) and about 8,500 over the longer term (2009-2025). The course curriculum also needs to be updated with focus on mine safety, environment related and rock mechanics to better address the requirement of the industry.

One of the major areas of concern is the lack of mineral specific professional such as lawyer, financial analyst, economist, etc. To support the growth of the mining sector there is immediate requirement to start courses for mining lawyers, mineral financial analyst/economist. There is also a need to increase the number of seats on the mining engineering and geosciences field.

The study says that the Mining industry in India is currently facing huge shortage of trained operators such as blaster, short firer, drillers, heavy machine operators, surveyor, etc and there is a complete lack of infrastructure to train people at this level. Given the change in technology and growing environmental concerns there is a need to skill personnel already employed in the industry in areas such as safety, environment, health and surveying etc., through short term refresher courses.

There is also shortage of formal training systems for candidates at the operator level. One way to address this issue is through introducing relevant courses in the existing ITI/ITC located close to mining centers. To synchronize the efforts of the Industry, Government and Educational Institutions, the study proposes setting-up of Industry Skills Centre on the lines of “Mining Industry Skills Centre (MISC), Australia”.

Given the structure of the Indian Mining Sector, where people move up the ranks from lower level to managerial positions, it is important to optimize the existing talent pool within the organization through training and various career development programs.

Regulatory process need to be developed through DGMS / IBM etc. to ensure that the accreditation process of skill imparting institutions are of requisite quality and only persons with requisite diploma are employed with them. Institutes should also formalize the train-the-trainer initiatives to ensure that the current practices and technological advancement in the industry percolate into the education system.

As suggested in the report, the recommendations need to be implemented by the various stakeholders – Government, Educational institutions and Industry – so that mining industry’s human resources requirements are met over the time horizon till 2025. Once implemented, CII believes the measures would contribute significantly to ensuring that mining industry attains its economic and employment growth potential.

New Delhi

Neelam Joshi

Media Desk

Confederation of Indian Industry

23, Institutional Area

Lodi Road

New Delhi – 110 003

Mobile: 9810882431

ecDIFF and ecSIM-Viewer Freeware Versions by ExpertControl

Nishath Ahmed — Tue, 14 Dec 2010 11:48:28 +0000

ecDIFF and ecSIM-Viewer Freeware Versions by ExpertControl Lanika Solutions Announced Availability. Free Simulink® Differ and Model Viewer – More efficiency in model-based development with MATLAB® / Simulink®

Bangalore, INDIA, [December 13, 2010] : Engineers in model-based development who are working with MATLAB® / Simulink® have now the possibility to explore the free versions of ExpertControl´s software tools ecDIFF and ecSIM-Viewer.

ecDIFF and ecSIM-Viewer from ExpertControl´s Simulation Data Management product family enable Engineers around the world to automatically find differences between two Simulink®-model versions, view those highlighted differences within ecSIM-Viewer and merge Simulink® blocks into new model versions with ecDIFF´s merge capabilities. Besides the high grade of automation which can be applied to very time consuming workflows in model-based development, the huge benefit is that no Simulink® license is needed to work with ecDIFF and ecSIM-Viewer.

The free versions of ecDIFF and ecSIM-Viewer allow engineers to explore full functionality without tedious registration procedures and time limited test periods. The free versions of ecDIFF and ecSIM-Viewer handle Simulink®-models without Stateflow® elements up to with fifty blocks.

To get a free version of ecDIFF and ecSIM-Viewer, please visit ExpertControl´s webpage: http://www.expertcontrol.com/en/downloads/freeware.php
ecDIFF is one component of the GDUI Toolkit and available within a worldwide partnership between ExpertControl and National Instruments. The GDUI Toolkit comprises three product components, ExpertControl ecDIFF (Graphical Differencing for Simulink and Stateflow models), National Instruments SIT (Simulation Interface Tool) and LabVIEW Base.

ecDIFF and ecSIM-Viewer are Trademarks from ExpertControl GmbH, Germany.
MATLAB®, Simulink® and Stateflow® are registered Trademarks of The MathWorks Inc.

Further information on the above and topics in areas including closed-loop control engineering, simulation and real time applications may be found at http://www.expertcontrol.com
About Lanika Solutions

Lanika Solutions is a leading provider of high-performance technical software & hardware tools for engineers and scientists across Industries and academia. Its product offerings and support reflects the philosophy that given great tools, clients can simplify development, increase productivity, and dramatically reduce time to market. Lanika Solutions’ suites of technical products help clients to quickly solve practical problems within the framework of the premier products and services they provide. Lanika Solutions partners with reputed principals developing industry leading solutions. Currently, Lanika Solutions is partnered with ExpertControl, Maplesoft, Lyrtech, Visualization Sciences Group (VSG), Breault Research Organization (BRO), Sigma Technology and DCM/ CEATI International. Lanika Solutions’ offerings have been selected as the leading products available to scientists and engineers in their respective application areas. Lanika Solutions will continue to expand its offerings through organic growth in related technology/market segments as other premium solutions become available.

For more information, visit http://www.lanikasolutions.com
About ExpertControl

ExpertControl (www.expertcontrol.com) is developing and marketing powerful engineering software tools for standalone use and for various development environments including LabVIEW, The MathWorks, Inc. MATLAB® and SimulationX. In the control design context, EC is focusing on providing automated software solutions for different application and industry areas, especially where reliable and high quality results are needed in very limited amount of time. ExpertControl is based in Munich, Germany, and operates with distribution partners in USA, Japan, Korea, China, Taiwan and India to support the products worldwide.

For more information, visit http://www.expertcontrol.com

Mr. Naresh Kumar’s statement on his removal as MD of Jindal Drilling

admin — Sun, 26 Sep 2010 10:54:18 +0000

New Delhi, September 25, 2010: Reacting to the decision of Board to remove him from the post of Managing Director of Jindal Drilling & Industries Limited (JDIL), Mr. Naresh Kumar, who is also a key promoter of the company, said, “The decision of the Board of JDIL is shocking. My removal is prompted by motivated reasons and is illegal. I have full faith in the judicial system of our country. I am sure I’ll get justice.”

-Ends-

About Mr. Naresh Kumar:

Under Mr. Kumar’s leadership as its Managing Director since 1991, Jindal Drilling & Industries Ltd. has achieved a phenomenal growth registering a Turnover of Rs.1195 crores and PAT of Rs.84 crores in FY 2009-10, from just Rs.36 crores Turnover and Rs.1.3 crores PAT in 1990-91. Recently, under his stewardship, the company was also listed among Asia’s top 200 under a billion companies by Forbes.

As a globally-acclaimed Oil & Gas industry stalwart, Mr. Naresh Kumar has been a pioneer and significant contributor to evolution of India’s Oil & Gas sector since over 27 years. He is the first and only Asian member of the Executive Committee of International Association of Drilling Contractors (IADC), the Houston-based global apex body for drilling contractors. Mr. Kumar also serves as the Chairman of Oil & Gas Services Division with the Confederation of Indian Industries (CII) and is on its National Council of Hydrocarbon. As an invited member of the Planning Group on Restructuring of the Oil Industry (popularly known as the ‘R’ Group) constituted by the Ministry of Petroleum & Natural Gas, Government of India, he made significant policy recommendations on restructuring India’s Hydrocarbon Sector Perspective 2010. Mr. Kumar is also the recipient of International Award for The Best Trade Name in Madrid, Spain by Spanish Minister of Energy. Mr. Kumar was recently elected for the fourth time as the President of the Petrotech Society, India’s apex non-profit organization that organizes one of Asia’s largest biennial oil and gas conferences.

Please visit Mr. Naresh Kumar’s personal website, www.kumarnaresh.com, for more.

Please email any questions or feedback to: info@kumarnaresh.com

Oshwin Overseas supplies Tube Fittings, Butt Weld Fittings, Forged Fittings, Flanges

OshwinOverseas — Mon, 24 May 2010 15:13:14 +0000

OSHWIN OVERSEAS is an ISO 9001:2008 & a highly acclaimed manufacturer, exporter and supplier of all Type of Tube Fittings, Butt Weld Fittings, Forged Fittings, Flanges & Other Products. We are specialized in Nickel, Monel, Inconel & other percentage items.

Oshwin Overseas have a range of stainless steel flanges fittings and stainless steel flanges are accessible in stainless steel, nickel alloy steel, copper alloy steel, carbon steel, duplex steel and other ferrous and non-ferrous alloys.

These stainless steel flanges fittings comprising Elbows, Tees, Reducers, Stub ends, Flanges, Unions, Caps, Nipples, Couplings, Weldolets, Nuts, Bolts, Studs, Washers, Valves, Gaskets and other products. These stainless steel flanges, are presented in special marks of ASTM A-105, A-181, A-182, A-194, A-234, A-350 LF, A-403, A-420 WPI as per dimensions ANSI B-36.10, B-36.90, B-16.5, B-16.9, B-16.11 & B-16.28.

We present to our clients a wide variety in our range of precision manufactured stainless steel flanges. After manufactured stainless steel flanges, they approach by forged socket weld and butt weld fitting making sure long life standards of our yields. The specifications of our stainless steel flanges include :

Oshwin Overseas is a highly acclaimed stainless steel flanges manufacturer, stainless steel flanges exporter and stainless steel flanges supplier of all type of stainless steel flanges, Tube Fittings, Butt Weld Fittings, Forged Fittings, Flanges & Other Products. We are specialized in Nickel, Monel, Inconel & other percentage items. The company has carved an unparalleled position in the industry by making relentless efforts to cater to the clients with premium quality stainless steel flanges, tube fittings, buttweld fittings, forged fittings & flanges.

We are committed to elevate the standards of our stainless steel flanges products and stainless steel flanges services to offer customer satisfaction through excellence in quality. Every employee is dedicated toward this aim and every measure and care is taken to ensure production of superior stainless steel flanges products, stainless steel flanges quality packaging, timely delivery, competent prices and excellent after sales service.

We manufacture and export high quality stainless steel flanges & stainless steel flanges outlets in different sizes and specifications with broad variety.

We have received an amazing spot in the marketplace because of our perfect class stainless steel flanges. Developed maintaining the variety of stainless steel flanges supplies of our clientele and market principles in consideration, our stainless steel flanges products are known for their high performance, durability and variety of designs and specifications. We can manufacture stainless steel flanges as per drawings.

Media Contact

Mr. Gajendra Mehta

161/163, Dr. M. G. Mahimtura Marg,

3rd Kumbharwada,

Mumbai – 400004, India

+91-22-2386 5529

+91-22-6639 4214

+91-22-6659 5285

+91-22-6610 9206

info@oshwin.com

Mr. Gajendra Mehta161/163, Dr. M. G. Mahimtura Marg, 3rd Kumbharwada, Mumbai – 400004, India +91-22-2386 5529+91-22-6639 4214 +91-22-6659 5285+91-22-6610 9206info@oshwin.com

For more information about Oshwin Overseas, click on : http://www.pipe-fittings-flanges-india.com/index.htm

Audited financial results for the year ended 31 March 2010

AdityaBirla — Sat, 08 May 2010 06:23:44 +0000

Audited financial results for the year ended 31 March 2010 have been announced by Aditya Birla Nuvo. The key achievements during the year:

Consolidated net sales crossed Rs. 15,000 crore mark (approx. USD 3.5 billion)

Achieved highest ever consolidated EBITDA and cash profit

Turned positive at consolidated net profit level

Click here to view the results

Click here to view the quarterly investor presentation

(Rs. crore)
Q4		Consolidated Results	Full year
2009-10	2008-09	Consolidated Results	2009-10	2008-09
4,478	4,124	Net Sales (incl. other operating income)	15,505	14,315
516	201	EBITDA	1,686	867
180	(146)	Net Profit / (Loss) after minority interest	155	(436)

Aditya Birla Nuvo’s earnings growth was driven by improved profitability in the manufacturing businesses coupled with reduced losses in the life insurance, IT- ITeS and garments businesses. Led by improved earnings and equity infusion by promoters, the balance sheet has been strengthened.

Business wise annual performance review

Aditya Birla Financial Services (ABFS)
With the launch of the Private Equity fund, ABFS has built a prominent presence across a large spectrum of financial services space. Net sales grew by 23% to Rs. 5,850 crore (approx. USD 1.25 billion). The combined Assets under Management (AUM) rose by 42% to Rs. 82,140 crore (approx. USD 18 billion). Net profit (excluding. life insurance) has more than doubled.

The total premium income of Birla Sun Life Insurance (BSLI) grew by 20% to Rs. 5,506 crore. New business premium at Rs. 2,960 crore is higher by 5%. Renewal premium rose by 45%. AUM scaled up by 76% to Rs. 16,130 crore. Hundred per cent of AUM outperformed set benchmarks based on one year return. Net loss reduced from Rs. 702 crore to Rs. 435 crore, led by growing size of in-force book and better expense management.
The total average AUM (including offshore and PMS) of Birla Sun Life Asset Management (BSLAMC) has posted 34% grow th to reach Rs. 65,130 crore. Its average equity AUM more than doubled to Rs. 13,470 crore. BSLAMC garnered domestic equity net sales of over Rs. 2,000 crore to rank among the top three equity mobilisers. BSLAMC recorded the highest number of funds in 4 and 5 star categories across the industry throughout the year reflecting strong investment performance. It posted a net profit of Rs. 48 crore.
‘Aditya Birla Private Equity – Fund I’, closed with a size of Rs. 881 crore.
Telecom: Now a pan-India player, Idea ranks third in terms of wireless revenues market share which grew from 11.4% to 12.7% during calendar year 2009 amidst hyper competition (Based on gross revenues for UAS and mobile license only as released by TRAI). Idea registered a 22% upsurge in revenues from Rs. 10,131 crore to Rs. 12,398 crore. Cash profit rose by 31% to Rs. 3,064 crore. Net profit grew from Rs. 882 crore to Rs. 954 crore even after absorbing the competitive pressure on realised rate per minute and the gestating impact of seven new service areas launched during the year..

IT-ITeS: Aditya Birla Minacs acquired ‘Compass BPO Ltd.’ to strengthen its F&A capabilities. Compass has been ranked among the top 15 upcoming F&A players (Source: Gartner). Aditya Birla Minacs remained cash profit positive throughout the year driven by cost rationalisation efforts. Though top-line remained constrained, EBIT turned around to Rs. 42.4 crore vis-à-vis a loss of Rs. 63.6 crore in the previous year. It has built a strong sales pipeline of USD 1 billion (Total contract value) which will benefit going forward. Capacities have been expanded by adding about 2,000 seats and more than 3,000 employees to reach about 10,000 seats and more than 14,700 employees.

Garments: Revenues grew by 12% to Rs. 1,251 crore spurred by a 15% growth in sales from the retail channel. EBITDA (bef ore store closure costs) stood at Rs. 7 crore compared to a loss of Rs. 154 crore in the previous year. Higher sales along with cost optimisation and rightsizing measures supported the turnaround.

Manufacturing businesses have collectively posted their highest ever EBITDA at Rs. 748 crore vis-à-vis Rs. 578 crore in the previous year. The operating margin at 20.1% and return on average capital employed at 27.1% has been encouraging. The carbon black, rayon and textiles businesses were the major contributors to the earnings growth.

The greenfield carbon black capacity expansion at Patalganga is targeted to commence production by the end of May 2010. This will increase the total carbon black manufacturing capacity to 3,15,000 metric tonnes per annum (MTPA). The company is planning to augment its capacity further by 85,000 MTPA each at Patalganga in second phase as well as in southern India.

To sum up, financial services business not only piloted the revenues growth but also led the year-on-year profit walk. The garments and IT- ITeS businesses moved closer towards profitability while the manufacturing businesses achieved highest ever earnings.

Dividend
The board of directors has recommended a dividend of 50% for the current year entailing total outgo of Rs. 59.5 crore including dividend distribution tax.

Management Comments
Commenting on the results, Dr. Rakesh Jain, MD, Aditya Birla Nuvo, said, “ABNL is uniquely positioned to incubate grow th businesses profitably and adding significant value to the customers through diversified services and products.”

Mr. Sushil Agarwal, CFO, Aditya Birla Nuvo, emphasised , “Our thrust on profitable growth across the businesses has led to a turnaround of about Rs. 600 crore at the bottom-line. We remain confident of creating value for all the stakeholders by capturing growth potential in all our businesses.”

About Aditya Birla Nuvo Ltd.
Aditya Birla Nuvo is a USD 3.5 billion conglomerate and platform that has launched many new age businesses for the Adity a Birla Group. Over the years, it has built successful ventures into sunrise sectors viz., financial services (life insurance, asset management, NBFC, broking etc), telecom, IT-ITeS and garments. The razor-sharp focus on manufacturing businesses has made it a leading player in carbon black, fertilisers, rayon, insulators and textiles businesses.

Aditya Birla Nuvo is a part of the Aditya Birla Group, India’s first truly multinational group. The group operates in 25 countries, is anchored by an extraordinary force of over 1,30,000 employees belonging to 30 nationalities and derives over half of revenues from operations outside India.

Vision
To become a premium conglomerate with market leadership across businesses, delivering superior value to shareholders on a sustained basis.

Statements in this “Press Release” describing the Company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the company conducts business and other factors such as litigation and labour negotiations. The Company assume no responsibility to publicly amend, modify or revise any forward looking statement, on the basis of any subsequent development, information or events, or otherwise. The figures in this “Press Release” have been rounded off to the nearest one rupee.

Go to Source

Global value of the metal Packaging market will reach $102.8bn in 2010

bharatbookseo — Thu, 29 Apr 2010 04:18:47 +0000

Bharatbook added a new report on “The Global Metal Packaging Market 2010-2020″ providing significant new opportunities for metal manufacturers with the capacity to work on sustainable packaging projects.

The Global Metal Packaging Market 2010-2020

The report analyses recent trends in the metal packaging industry and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report also surveys current trends and reveals the market’s strengths and weaknesses revealing areas that will experience growth and present new business opportunities. ( http://www.bharatbook.com/detail.asp?id=135110&rt=The-Global-Metal-Packaging-Market-2010-2020.html )

The Global Metal Packaging Market 2010-2020 report examines one of the most important and dynamic sectors of the global packaging industry at a time when the market is experiencing a significant shift. Our market study analyses the substantial regional variations in the global market, describes technological changes and trends, and incorporates a wealth of data. 2009 was a difficult year for packaging markets in many parts of the world, and this report discusses the market in detail, explaining how and why the market will evolve over the forecast period 2010-2020.

The report also discusses how sustainability issues will impact the metal packaging industry, as many new innovations are likely to take place, providing significant new opportunities for metal manufacturers with the capacity to work on sustainable packaging projects. As the global metal packaging market undergoes these changes, the future of the industry will look very different, leading to growth opportunities in specific regional markets. These business opportunities are described in detail within this report.

Which regions offer the most significant growth opportunities between 2010 and 2020? To what extent is recycling driving sales of metal packaging? How is metal packaging standing up to competition from plastic and paper packaging? How are strategies for reducing waste changing the design and requirements for metal packaging? It gives answers these critical questions and many more through the in-depth analyses that are presented in this report.

Comprehensive analysis of the global market

The Global Metal Packaging Market, 2010-2020 examines this important sector critically. We supply a comprehensive review of contracts via analysis of policy documents, news reports, industry publications, market analysis and consultations with experts. This report provides detailed market forecasts, a PEST and SWOT analysis, technological developments and analyses of commercial drivers and restraints. There are original interviews from key players in the field who provide insights into different aspects of the metal packaging industry and offer their own analysis. You will not find these analyses anywhere else.

Why you should buy The Global Metal Packaging Market 2010-2020

The main benefits from purchasing this report:

You will gain an understanding of the current global metal packaging market and how it will evolve over the next decade
You will receive global sales forecasts for the period 2010-2020
You will receive regional sales forecasts for the period 2010-2020
You will receive five submarkets sales forecasts for the period 2010-2020 analysing the beverage, food, personal care, health care and other uses markets.
You will gain insight into the market drivers and restraints influencing the metal packaging market over the period 2010-2020
You will be able to study over 60 tables, charts and graphs quantifying the metal packaging market in detail.
You will gain insight into major important game-changing technological developments within the metal packaging industry
You will gain knowledge of who the leading players are within the metal packaging marketplace
You will receive a PEST analysis and SWOT analysis for the metal packaging market from 2010-2020
You will read original interviews, with expert views from companies working on projects that will define the future of the metal packaging market, who offer insights into the analysis as well as their own reflections on the market.

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp?id=135110&rt=The-Global-Metal-Packaging-Market-2010-2020.html

Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com
Follow us on twitter: http://twitter.com/3bbharatbook

MMR’s ‘Metals Outlook & Market Trends 2010′

Vijaya — Mon, 19 Apr 2010 11:23:35 +0000

MMR’s ‘Metals Outlook & Market Trends 2010′ to unravel future pricing scenario

Chennai, India, April 19, 2010 / IndiaPRLine / — The world economy is on the mend and as it attempts to grow further, more and more metals would be consumed taking the industry to a higher growth pedestal. In India, the overall economy is surging ahead, so the inventory levels of various metals are coming down, which is ultimately pushing the metals’ prices.

In the view of cost of production, demand, policies, consumption, logistics, etc, in determining domestic metals’ prices it is important to explore the reasons for the elevated cost levels in the Indian metal industry. The reasons are expected to be well explained at Minerals & Metals Review’s (MMR) second one-day seminar on metals pricing ‘Metals Outlook & Market Trends 2010′ on April 29, 2010, which will be held at Indian Merchants’ Chamber, Churchgate, Mumbai.

To discuss the current trends, in the opening session of the seminar, speakers will focus on why metals are catalyst of growth in Indian economy and the increasing role of China in global metal market.

The resilient outlook of metal industry in India has attracted many foreign investments. In the subsequent sessions, the seminar would shed light upon role of financial services, forecast for raw materials prices, demand drivers & potential for precious metals and price risk management through commodity exchanges.

The seminar would serve as a launch-pad for discussion as the eminent speakers will impart knowledge on how the increasing divergence between domestic and international metal prices playing a role in India’s metal demand.

In the end, to determine the pricing forecast on precious metals, the seminar will impart technical analysis in correlation with crude oil, US dollar, etc. A panel discussion involving eminent personalities will review overall pricing outlook and the trends in the metal industry to conclude the event.

It will draw together the experts from commodity exchanges, banking professionals, industry personnel, metal traders, dealers, analysts, stock brokers, consultants, and management students. The seminar is envisaged as a catalyst for the development of metal industry in India.

For additional information about the company and event, please visit: www.mmronline.com

TTSL Recognized As The Most Innovative Organization Of The Year By Business Standard

rishimittal43 — Thu, 01 Apr 2010 11:10:02 +0000

TTSL Recognized As The Most Innovative Organization Of The Year By Business Standard

April 1, 2010 : Tata Teleservices Limited was recognized as the Most Innovative Organization of the Year by Business Standard for its GSM brand Tata Docomo, which redefined the rules of the game in the mobile phone industry by introducing the first per second billing plan. After their initial resistance, its larger competitors followed suit.

The awards were chosen unanimously by a prestigious jury, which included CEO & Country Head of KKR India Advisors, Mr Sanjay Nayar, Chairman & Managing Director of Hindustan Petroleum Corporation Ltd, Mr.Arun Balakrishnan, Vice Chairman of Tata Consultancy Services, Mr. S Ramadorai, CEO & Country Managing Partner of Ernst & Young India, Mr Rajiv Memani and Chairperson of Thermax Limited, Ms. Meher Pudumjee. The jury was chaired by Mr Adi Godrej, Chairman of the Godrej Group

The award was received by Mr Anil Sardana, Managing Director, Tata Teleservices Limited receiving the award, Mr. Anil Sardana, Managing Director, Tata Teleservices Limited, quoted “Thank you! On behalf of the 70 million customers I accept this award. This is the fastest journey as we were the last entrant in August 2009, and there were already 8 established players in this space. So, we knew we had to do something refreshingly different and new! I congratulate my team as we have made sure that each quarter we do the new.”

McNALLY BHARAT WINS Rs 245.42 CRORES ORDER FROM SAIL – Rourkela Steel Plant

admin — Sat, 13 Mar 2010 10:04:11 +0000

McNally Bharat Engineering Company Limited WINS Rs 245.42 CRORES ORDER FROM SAIL – Rourkela Steel Plant

Kolkata, March 12, 2010: McNally Bharat Engineering Company Ltd., one of the leading EPC players in the country, has been awarded a project worth Rs. 245.42 crore from Steel Authority of India Ltd. (SAIL) for Material handling Plants to handle Coal, Coke, Sinter & Iron ore fines.

The project comprises of Inter Plant transportation facilities (Package-092) at Rourkela Steel Plant, Orissa. The major equipment to be supplied as a part of the turnkey project are Belt & Pipe Conveyors, Double Roll Crushers, Vibrating Screen, Vibrating Feeder, Steep Angle Conveyor, payloader etc. The project includes complete civil & structural work, electrical, Instrumentation & Utilities.

Speaking on the occasion Mr. Srinivash Singh said “Association with reputed organizations like SAIL is an indicator of our expertise in the EPC space. We hope to execute the project successfully in keeping with our high standards of technical expertise”.

About McNally Bharat Engineering Company Limited

Headquartered in Kolkata, the vision of McNally Bharat Engineering Company Limited or MBE is to constantly innovate. It is this aspect that has made it one of the leading engineering companies in India who provide turnkey solutions in Power, Steel, Aluminum, Material Handling, Mineral Beneficiation, Pyroprocessing, Pneumatic Handling of Powdered Materials including Fly Ash Handling and High Concentrate Disposal, Coal Washing, Port Cranes, Civic and Industrial Water Supply and so on. MBE has executed on turnkey basis over 300 plants till date.

MBE carries out manufacturing activities through its subsidiary company, McNally Sayaji Engg Ltd (MSEL), having factories at Kumardhubi (Jharkhand), Asansol (West Bengal), Bangalore (Karnataka) and Baroda (Gujarat). MSEL manufactures a wide range of equipment for material handling, including crushers, screens, conveyors, port cranes, pressure vessels and equipment required in steel plants, Mining, Aluminium, Cement & other industries.

All manufacturing units and Projects have been awarded ISO 9001:2000 certification. In addition MBE Cologne Engg. manufactures sophisticated equipment required for cement, steel, power & other sectors as per European standards. The Kharagpur factory of the CMT Division manufactures equipment required for the Coal & Mineral Processing industry.

–

Srividhya Srinivasan
HANMER|MS&L
Member of PUBLICIS GROUPE

Old No. 121/2, New No. 275
(Near Studio Cell)
TTK Road, Alwarpet
Chennai – 600 018

Tel: 044 – 4225 1717
Fax: 044 – 4214 4890
URL: www.hanmermsl.com

Vedanta Aluminum observes National Safety Week at Lanjigarh, Orissa

aseemsaxena — Sat, 06 Mar 2010 08:30:45 +0000

March 6, 2010 : The Alumina Refinery of Vedanta Aluminium Limited observed the 39th National Safety Week on March 4, 2010 at Lanjigarh, Orissa. The program started after hoisting of National Safety Day Flag by Mr. N. Nagesh, Vice-President of Vedanta Aluminium Limited. Employees also conducted a Safety March inside the plant area in order to build awareness about occupational health and safety.

All employees of the Company along with employees of Associate Companies reiterated National Safety Day Pledge. The observation of 39th National Safety Week will end in March 10, 2010.

In order to increase awareness about occupational safety and health, the Health, Safety and Environment (HSE) department of Vedanta Aluminium has taken up several activities such as Essay competitions and Poster competition etc among the employees and other participants.

Special training and demonstration program on road safety, fire safety and emergency preparedness would also be organized as a part of national Safety Week Observation. The company is campaigning with safety posters and slogans – displayed in the Plant premises to create more awareness among the employees and others. Employees would also be awarded for their safety performance.

The observation of 39th national safety week is being coordinated by the Health Safety and Environment Department, lead by Dr. RC Rout, Head (HSE).

Source: www.orissadiary.com

Mr. Anil Agarwal, Chairman, Vedanta Group, awarded ‘Lifetime Achievement Award’ by Mining Journal, UK

sahoosusanta49 — Wed, 03 Mar 2010 11:09:13 +0000

Mr. Anil Agarwal, Chairman, Vedanta Group, awarded ‘Lifetime Achievement Award’ by Mining Journal, UK

March 3, 2010 : Vedanta group is the first Indian group that has obtained a primary listing on the London Stock Exchange, in 2003, and within a short period of time moved into the select band of FTSE 100 Metals & Mining Majors, signifying the well crafted and visionary approach of Mr. Anil Agarwal. In no time, Vedanta Group’s market capitalization increased from USD 1.9 Billion to USD 11 Billion.

Mining Journal, one of the most reputed international weekly magazine presented “Lifetime Achievement Award – 2009” to Anil Agarwal, the Chairman of Vedanta Group in a black-tie dinnerin London on Wednesday, 2nd December. the Mining Journal announced their Outstanding Achievement Awards for 2009. Anil Agarwal was given this award for his contribution in the mining industry.

The event was compared by John Humphrys, one of Britain’s best known broadcasters. While describing Anil Agarwal as a ‘visionary entrepreneur’ and the founder of one of the most prominent, and fastest growing, metals and mining groups in the world, the Mining Journal described his business approach as ‘to visualize and then to allow his team to deliver’.

The Mining Journal emphasized that Anil Agarwal greatest strength is his patience. Vedanta group is the first Indian group that has obtained a primary listing on the London Stock Exchange,in 2003, and within a short period of time moved into the select band of FTSE 100 Metals & Mining Majors, signifying the well crafted and visionary approach of Anil Agarwal. In no time, Vedanta Group’s market capitalization increased from USD 1.9 Billion to USD 11 Billion.

Mr. Anil Agarwal’s story is a true tale of passion and determination. It is a story of a humble beginner – a metal trader – who is today, one of the most prominent and successful metalsentrepreneur. The experience of taking over the first privatized company in India, Bharat Aluminium and later Hindustan Zinc, and turning them into world class assets, prompted him more recently to take over Sesa Goa and enter into the iron ore business; a move that surprised most in the world.

Vedanta group is today on course to become the largest producer of zinc, 2nd largest producer of copper and 4th largest producer of aluminium in the world. Vedanta is already the largest private sector iron ore exporter in India. Assessing the need to contribute and supplement power requirement in India, Anil Agarwal decided to enter into commercial power production. The group is now aiming to produce 11,000 MW of power in a couple of years, and also be one of the largest power producers in India.

Ask him about his approach, and he promptly replies, “I only visualize, it is my team that executes to perfection”.Agarwal’s passion for inclusive growth has resulted in extensive benefits to the people in India and Zambia. His philosophy has been ‘whatever you have earned a portion of it should go back to the society’.

Some call him ‘Metal King’ and some call him a ‘billionaire philanthropist’, but at Vedanta he is known as a man with a golden heart who is determined that group benefits the people living in the vicinity of business operations. Vedanta today touches the lives of over 2.5 million people living in over 425 villages in India, through corporate social responsibility, an initiative driven directly byAnil Agarwal.

Nutrition and Mid-day meal for children, computer education to under-privileged, agriculture development and multi-cropping, infrastructure development in rural India, livelihood programmes and women empowerment through creation of self-help groups in villages, are bringing significant upliftment in the lives of rural poor. Anil Agarwal is determined to bring 2.5 million under-privilegedchildren under the umbrella of education and nutrition within 3 years in India.

By pledging USD 1 billion from his personal wealth, for the most coveted USD 3 billion Vedanta University, – a state-of-the-art research and development centre in India, for about 100,000 students, Anil Agarwal aims to build this educational institution at par with world ‘s most reputed institutes like Harvard and Stanford. It is a testimony of his passion for contributing in the education sector in India.

Mr. Anil Agarwal is clear, he says, ‘India has abundant natural resources like coal, iron ore, bauxite and precious / semi precious metals, at par with countries like Australia, Canada, South Africa and Brazil, and can contribute significantly to India’s GDP and become an alternative revenue source for the infrastructure development’. India is one of the most preferred investment destinations in the world today, all the more so because of the robust Indian economy and regulatory system that has proven time and again.

He has a simple statement – ‘ Nothing is big till you know you can do it.. Toughness is a phrase, that exists in books – practically you only have to know.. You CAN do it.’

Vedanta Aluminium Playing prominent role towards Child Welfare at Lanjigarh of Orissa

sahoosusanta49 — Tue, 02 Mar 2010 12:26:08 +0000

Vedanta Aluminium Playing prominent role towards Child Welfare at Lanjigarh of Orissa

The Village Empowerment Committee (VEC) is playing a significant role in the implementation of the ‘Bal Chetna Anganwadi Project’, initiated by the Vedanta Foundation. After the intervention of Vedanta Foundation Village Empowerment Committee were formed almost in every village of Lanjigarh Block in Kalahandi district. These committees are playing important role in the development of ICDS Anganwadi system. The committee is also doing its job infallible manner to create awareness and public opinion against corruption.

People are now being aware about different Government programmes and the projects taken up by the Vedanta Foundation. The anganwadi workers are also showing dedication and sincerity towards child development. ‘Balchetna Anganwadi Project’ stresses on the importance and impact of pre-school education and food quality. As per Mr. Ashok Kumar Bisoi, President and Ward Member of Bhairagada-A, the Bal Chetna Anganwadi Project is leading to social development in a backward district like Kalahandi besides creating a new chapter in child development and care. In this context, the Bal Chetna Project in Phuldumer has set an example.

Vedanta Foundation set up a child care centre in this village on 20th November 2008. It came up as a ray of hope for this village, which was far from the reach of education and development. Later, CCWs and assistants were appointed in this centre to manage this child care centre. With these workers and assistants, who were dedicated towards the development of children, a special learning method was carried out at this centre with a view to bring about positive changes in the behaviour of the learners and their overall development.

But some of the instigated anti Vedanta tribals had torched fire to the centre. The centre has been revived by the efforts of the representatives of Vedanta Foundation. Vedanta lauds the efforts of Mr.Balakrushna Rath, Mr.S.K.Maharana, Mr.Kumar Gauraba Parida, Mr.Kulamani Sahoo and the CCWs towards reopening the child care centre with great courage and conviction. It was the mission of Vedanta Foundation representatives for the revival and refunctioning of the centre against all the odds. Frequent meetings and confidence building measures were undertaken by the representatives of VEDANTA FOUNDATION. The villagers were assured and apprised of the benefits of sending their children to the centre.

Also Vedanta Foundation Representatives formed one Village Education Empowerment Committee consisting of Village Head and other eminent persons of Phuldumer village and the fully motivated Committee ensured Vedanta Foundation that the Committee will take all the responsibilities of the CHILD CARE CENTRE. They took ownership of the centre and vowed to face all odds, come what may. The villagers are now sending their children to the child care centre and getting manifold benefits of the project.

Source: www.orissadiary.com

India can become a powerhouse in aluminium

sahoosusanta49 — Wed, 24 Feb 2010 03:36:07 +0000

The Indian aluminium market is growing at a rapid pace and it is one metallic industry where India can emerge as a powerhouse within the next decade said a spokesperson of Vedanta Aluminum Ltd, a leading producer of metallurgical grade alumina and other aluminium products in the country.

According to industry sources, India with total bauxite reserves of about 3 billion accounts for almost 7.5% of the world’s 65 billion bauxite reserves and is ranked sixth among the countries with highest bauxite reserves. Indian bauxite reserves are expected to last over 350 year with proven and probable reserves are estimated at ~1200 Mt. The worldwide alumina production competence is around 58 million tonnes in which India has 2.7 million tones, being the fifth largest producer, after Australia, Guinea, Brazil and Jamaica.

Currently all the major Indian producers are trying to make good the opportunity by expanding furiously. China, which has doubled its aluminium capacity over past half decade to account for more than a fifth of the world’s output, is a net exporter of the metal. The Indian aluminium market is growing at a rapid pace, yet per capita consumption is extremely low: With over 7% growth per annum, one of the highest in the world, the Indian aluminium market is booming. Even better, sectors that extensively use aluminium are themselves booming, ensuring that this sector stays firmly on the growth path for times to come. Total aluminium consumption in the country is around 1,100 KT at present, which has grown significantly from 2002 level of 600 KT.

“Though India’s per capita consumption of aluminium stands too low (under 1 kg) comparing to the per capita consumptions of other countries like the US & Europe (25 to 30 kgs), Japan (15 kgs), Taiwan (10 kgs) and China (3 kgs), the demand is growing. In India, the industries that require aluminium mostly include power (44%), consumer durables, transportation (10-12%), construction (17%) and packaging. With one of the world’s lowest per capita consumption, the country’s aluminium demand is set to explode,” said the Vedanta spokesperson.

India is the eighth leading producer of primary aluminium in the world, with total production amounting to over 1,200 KT. The country has witnessed significant growth in aluminium production during the past five years, thanks to companies like Vedanta which have contributed considerably to achieve this. However, the aluminium capacity in the country is only 5% of the world total, despite having the world’s 7.5% bauxite reserves, indicating the scope and need for new capacities in the country.

Domestic aluminium production in India sufficiently meets the demand. Production of 1,200 KT is well consumed domestically with demand accounting for over 1,100 KT. With production surpassing the consumption marginally, India, at present, is a net exporter of aluminium.

“The country is set to take a big leap in aluminium export with companies like Vedanta betting big in aluminium production with India being on fourth position among the world’s largest aluminium producers, from the present eighth spot, displacing Norway, Brazil, Australia and Canada in the process. With Vedanta adding huge aluminium production capacities, the country is expected to become one of the largest exporters of aluminium in the world with exportable aluminium capacity of 730 KT by 2012,” said the spokesperson.

India is already amongst the lowest cost producers in the world with Hindalco and Nalco already known as some of the lowest cost producers in the world. India’s low costs can be largely attributed to the easy availability of bauxite.

At present, cost of aluminium production in India is about $1500 per tonne compared to the world average of $1,600 per tonne. “Implementation of such large-sized aluminium plant by Vedanta would bring economies of scale in the operation and will help further reduce cost of production. This will help India take the cost advantage over other countries and become a powerhouse in the aluminium market,” said the spokesperson.

Meanwhile, implementation of the entire $13.5 billion aluminium capacities expansion projects would propel Vedanta from fourteenth largest to fourth largest aluminium producer in world. The total aluminium production capacity of Vedanta would increase 5 times from the present level of 500 KT to 2,575 KT, said the spokesperson.

Source: Economic Times

Vedanta Zambia mine workers win 11 pct pay hike

sahoosusanta49 — Sat, 20 Feb 2010 02:11:16 +0000

Vedanta Zambia mine workers win 11 pct pay hike. Wage increase above 9.6 pct January inflation rate

Vedanta Resources Plc’s (VED.L) Zambian copper mining unit Konkola Copper Mines (KCM) awarded its workers an 11 percent pay rise, after unions vowed to strike if they failed to win above-inflation pay increases.

The inflation rate in Zambia, Africa’s leading copper producer, stood at 9.6 percent year-on-year in January, and Finance minister Situmbeko Musokotwane told Reuters on Thursday the pay rise would not create price pressures on the economy.

A strike over wages by KCM workers in November halted output at most units and that, coupled with lower ore grades, reduced output at the tailings leach plant from 11,263 tonnes of copper in the three months to December 2008 to 7,922 tonnes in 2009.

“We finally concluded the negotiations after agreeing that the workers will be given an 11 percent salary increase across the board,” Oswell Munyenyembe, the general secretary of the Mine Workers’ Union of Zambia (MUZ) told Reuters.

A company official told Reuters that despite the wage increase being above KCM’s initial offer to workers, it was still within the company’s budget and would not have an adverse cost impact on its operations.

The MUZ recently agreed a separate 22 percent pay rise for employees with Equinox Minerals’ (EQN.TO)(EQN.AX) Lumwana Mining Company and a 10.5 percent salary hike with Swiss firm Glencore International AG’s [GLEN.UL] Mopani Copper Mines (MCM). [ID:nLDE6101LO]

Other foreign mining firms in Zambia include Canada’s First Quantum Minerals (FM.TO) and South Africa’s Metorex (MTXJ.J). (Reporting By Chris Mfula; Editing by Keiron Henderson)

Source: http://www.reuters.com

International NGOs attempting to derail the development process in orissa – Vedanta

sahoosusanta49 — Fri, 19 Feb 2010 04:35:20 +0000

Vedanta Alumina Refinery at Lanjigarh has been built with the state of the art technology and the first Alumina refinery in the country and among few in the world having successfully implemented Zero Discharge System. The environmental measures adopted in the plant with respect to Air and Water Pollution is among the best and performance of the same is being regularly monitored by State pollution Control Board (SPCB). Based on Vedanta’s commitment towards Environmental Protection and Socio-Economic Development of the area, SPCB has renewed its Consent to Operate for 2 years instead of normal 1 year i.e valid upto March 2011. Vedanta’s initiatives for Zero Discharge, Zero Waste and Zero Harm is appreciated at all level and Vedanta’s is committed to become the first Alumina Refinery in the world to achieve this goal very soon.

Today, water and energy consumption at VAL refinery is the lowest in the country and is a proof of Vedanta’s commitment towards environmental protection .The allegation made by Action Aid has already been checked by top world recognized institutions like Indian Institute of Science, Bangalore, National Geophysical Research Institute, Hyderabad, Indian Institute of Technology, Kharagpur and find no substance in to it.

Regarding leakage- during initial trial runs only in 2007-08, we would like to clarify that no caustic effluent was ever discharged in to the river. On investigation by SPCB and expert team mentioned above, it was established that there was small seepage from the joint between earthen dyke wall and overflow pipes in Red Mud Pond which was collected and recycled back within the bounded area of Red Mud Pond for which provision has been kept in the design of Red Mud Pond by Indian Institute of Science from the beginning.

Vedanta strongly denies any allegations of pollution of the environment in Lanjigarh and of violation of human rights. Vedanta remains fully committed to pursuing all its investments in a responsible manner, respecting the environment and human rights and adopting the best corporate social responsibility standards practices.

Vedanta sustainable development strategy, known as the ‘Vedanta Way’ is all encompassing and comprises the following four principal elements:

Environmental Stewardship: Respect for nature, enhanced resource conservation and use of environment friendly technology are embodied in our working,
Nurturing People: People are our key assets. We are committed to build a flexible, flat and learning organization with an engaged and high performing work force. We believe in nurturing and mentoring leaders from within and providing opportunities for growth based on meritocracy, performance and integrity,
Health and Safety: We are committed to providing a safe, secure and healthy workplace for all employees by using the best technology and practices, and
Empowering Communities: Communities are integral to our business. We are committed to enhancing the quality of life of the communities near our operations and creating self sustaining communities. We work to gain and nurture our social license to operate in the host communities.

It is only because of support from local community, Vedanta could establish an Alumina refinery after 25 years (last Alumina Refinery was built and commissioned by NALCO in 1986) in a record time of less than 3 years. With the successful commissioning of proposed expansion of Alumina Refinery and Aluminium Smelter at various location , Vedanta will be the third largest Aluminium Producer in the world.,

Background:

Indian Constitution has made enough safeguard in terms of Act Like PESA, special provision in constitution under Schedule V to protect and ensure development of tribal community. The issues raised by Action Aid regarding Dongaria Kondh and Mining Project were brought before the Hon’ble Supreme Court of India in IA Nos 1324 and 1474 in W P (C) 202 of 1995 and IA Nos 2081-2082 @ W.P (c) No 549/2007 and a judgement in favour of the project was given.

Kalahandi is one of the most backward and underdeveloped area in the country and known worldwide for years for ill things like Poverty, Hunger, Malnutrition, Drought, Malarial deaths, Cholera and diarrhea ‘s death, low literacy, lack of education and medical facilities even though it is one of richest resource district of Orissa having precious stones, granite, bauxite, limestone etc. Since, implement any large-scale mining operation presents wider environmental and public administrative challenges, this project was initiated by the Indian authorities themselves, having identified this most backward area of India as in need of significant economic investment and social development, as well as the most suitable location for such activities. By way of background, India’s national planning authorities had identified a number of least developed districts of the country, of which Kalahandi is one, which were in need of substantial socio-economic investment. It must be appreciated that a majority of the population in the area where the project is situated lives below the poverty line.

Paladin Energy Aims to Become a Leading Uranium Producer

rgunnam — Thu, 18 Feb 2010 09:21:25 +0000

Paladin Energy Aims to Become a Leading Uranium Producer

February 18th, 2010: Paladin Energy is positioning itself to become a leading uranium producing company. The company is a mineral resource based company, with special focus on uranium exploration and mining. Paladin Energy has recently entered into the uranium mining sector and commenced its commercial operations in uranium production in the year 2007. The company is planning to acquire top uranium company status through its strategy of organic growth from long-term uranium production plans and by way of mergers and acquisitions. The company currently has mining assets in Namibia and Malawi and exploration properties in Australia. Paladin Energy has acquired new properties in Queensland province in Australia with its acquisition of Fusion Resources, and has recently announced its plans for increasing production from its current target of 3,275 tU by 2012 to 5,313 tU by 2014 from its currently operational Langer Heinrich and Kayelakeera mines in Africa. To fund the company’s expansion strategy, Paladin Energy also completed private offerings worth $ 369.6 million in September 2009.

This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:

http://www.researchviews.com/energy/power/uranium/Viewpoints.aspx?sector=Uranium&DocID=9424

Access the latest Uranium analysis for free at http://www.researchviews.com

About ResearchViews.com

ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts.

All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world’s leading market research publishers.