Chinese power equipment firm to set base in India

October 3rd, 2009 KORBA - Chhattisgarh Police would interrogate employees of Chinese firm SEPCO about the chimney collapse, which killed over 40 people in Korba district. "As far as our information 16 Chinese has returned back and four Chinese workers are already in the city.

September 30th, 2009 NEW DELHI - India's top construction and engineering firm Larsen and Toubro (L and T) has said it planned to invest 500 million dollars to build nuclear reactors, hoping to tap Indian orders for power projects. Talking to reporters here on Tuesday L and T chairman and manging director A.M.

September 10th, 2009 Mumbai, Sept 10 (IBNS) Larsen & Toubro, India’s largest manufacturer of equipment for the nuclear power sector, has won a repeat order fo rdesign, manufacture and supply of four steam generators for 700 MWePressurized Heavy Water Reactors (PHWR) for Rajasthan Atomic Power Plant(RAPP) – 7&8 from the Nuclear Power Corporation of India Limited (NPCIL). These will be the largest steam generators built in India so far, a company release said Thursday.

August 31st, 2009 CHENNAI - The city-based Shriram EPC, an engineering, procurement and construction (EPC) company, has decided to make material handling equipment in partnership with an American company, said a top company official here Monday. "We have been building the material handling systems ourselves for turnkey contracts executed by us.

July 31st, 2009 WASHINGTON - Every fourth new car buyer in the US is now ready to buy the next vehicle from India or China, threatening to challenge the dominance of Japanese and Koreans in the American auto market, according to a new survey. The "Opportunity for Chinese and Indian Brands in the USA" survey by AutoPacific shows that 15 percent of the new buyers would look at buying a car from China, while 11 percent would go for a car from India.

July 26th, 2009 NEW DELHI - The Associated Chambers of Commerce and Industry (Assocham) has urged the government to restrict Chinese power equipment imports as the domestic industry is badly hit by the cheaper availability of Chinese products. In a note submitted to the finance ministry, Assocham said India's power equipment manufacturers lost business worth Rs.2.5 lakh crore ($52 billion) as power producers turned to cheaper Chinese products.

June 12th, 2009 ISLAMABAD - Pakistan has inked a $300 million deal with China to acquire state of the art equipment to fight terror, the country's interior minister has said. "We have signed agreements worth $300 million to acquire state-of-the-art equipment to combat terrorism," Interior Minister Rehman Malik told reporters in Beijing.

May 19th, 2009 MUMBAI - Diversified conglomerate Larsen and Toubro (L&T) has signed a pact with the US-based GE Hitachi Nuclear Energy to build boiling water reactors for nuclear power plants, the company said Tuesday. L&T had earlier signed similar pacts with Westinghouse Electric of the US, Atomic Energy of Canada and Atomstroyexport of Russia.

April 15th, 2009 MUMBAI - Indian diversified conglomerate Larsen and Toubro (L&T) has further expanded its footprint in the nuclear power space, signing a pact with a Russian nuclear energy major to design and develop reactors for the Indian market, including four at Kudankulam in Tamil Nadu. L&T had earlier signed similar pacts with Westinghouse Electric of the US and Atomic Energy of Canada.

March 30th, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged a Rs.345 crore ($67.5 million) order from the Nuclear Power Corp of India (NPCI) for supply of four steam generators, it was announced Monday. The steam generators are critical and long lead equipment which will be supplied to the Kakrapar Atomic Power Project-3 and 4, L&T said in a statement.

March 19th, 2009 NEW DELHI - China can drag India to the World Trade Organisation (WTO) over the ban on Chinese toys here, but 'we believe in resolving the issue through talks', a Chinese minister said here Thursday. 'We can go to international agencies over this issue.

February 26th, 2009 CHENNAI - The city-based Coastal Energen, the Indian arm of Coal and Oil group of Dubai that is promoting a Rs.45-billion (Rs.4,500-crore) thermal power plant in Tuticorin, hopes to achieve financial closure within two months, said a top company official Wednesday. 'We are talking with an 18-bank consortium led by State Bank of India.

February 3rd, 2009 GHAZIABAD - Work on the much-delayed 7,480 MW Dadri power project in Uttar Pradesh is expected to start soon with the Reliance Anil Dhirubhai Ambani Group (R-ADAG) entering the final stages of tying up with equipment manufacturers. Group company Reliance Power, which is setting up the gas-fired project, has put on the fast track talks with equipment majors such as General Electric (GE) and Bharat Heavy Electricals (BHEL) for turbines, boilers and generators, a senior group official said.

January 21st, 2009 NEW DELHI - Soon after signing a pact with the US-based Westinghouse Electric to build nuclear reactors recently, engineering and construction major Larsen and Toubro (L&T) has signed a similar agreement with Atomic Energy of Canada Ltd (AECL), the company announced Thursday. The new agreement, however, is subject to final approval of a bilateral nuclear cooperation agreement between the governments of India and Canada.

January 15th, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has signed an agreement with the US-based Westinghouse Electric to build nuclear power reactors, the company said Friday. In a regulatory statement, L&T said the pact would enable the two companies 'utilise indigenous capabilities for the turnkey construction of nuclear power plants including supply of reactor equipment and systems.' Westinghouse technology is in use in over 40 percent of operating nuclear power plants globally, the statement added.