Frito-Lay to invest Rs.500 crore over three years (Lead)

September 9th, 2009 MUMBAI - Realty firm Entertainment World Developers will invest Rs.2,000 crore for setting up 20 malls across India under its rent-free revenue sharing concept for emerging brands. "We will invest Rs.2,000 crore for setting up 20 malls spread across one million square feet in 11 states and 20 cities by 2011," said company chairman and managing director Manish Kalani.

September 4th, 2009 SHIMLA - Amway India Enterprises will invest Rs.55 crore (Rs.550 million) to treble capacity at its Himachal Pradesh manufacturing unit by the end of this year, a senior company official said here Friday. "We have plans to treble the capacity of our Baddi manufacturing plant by December-end," Amway India Managing Director and Chief Executive Officer William S.

August 15th, 2009 TIRUCHIRAPALLI - Power equipment major Bharat Heavy Electricals Ltd (BHEL) will invest Rs.485 crore ($100 million) to expand its boiler division that makes thermal and nuclear plant boilers, a senior official said here Saturday. "The expansion will be completed by 2011 and the division's capacity will go up to 15,000 MW per annum," BHEL executive director A.V.

July 25th, 2009 MUMBAI - State-run gas utility company GAIL India Saturday reported a 26.8 percent dip in its net profit at Rs.655.8 crore ($135.5 million) for the quarter ended June 30, compared to Rs.896.8 crore in the same period last fiscal. However, the total income increased 4.3 percent to Rs.6,101.3 crore from Rs.5,845.5 crore, the company said in a regulatory statement.

July 14th, 2009 KOLKATA - Public sector lender Dena Bank is expecting a Rs.500 crore capital infusion from the central government later this year, a top company official said here Tuesday. "We will receive Rs.300 crore as preferential shares and Rs.200 crore as perpetual non-cumulative preference shares (PNCPS)," Dena Bank chairman and managing director D.L.

July 9th, 2009 CHENNAI - Telecom major Idea Cellular will invest Rs.1,000 crore ($205 million) over the next three years in Tamil Nadu to expand its network, a top company official said Thursday. "The company will invest Rs.1,000 crore to expand its cell sites to 2,400 by 2010 and presence to 1,200 towns in the state.

July 6th, 2009 MUMBAI - Finance Minister Pranab Mukherjee Monday allocated Rs.500 crore to the Brihanmumbai Storm Water Drainage Project designed to control floods in the city during monsoon. The Rs.1,200-crore project, entirely funded by the central government, was sanctioned Rs.500 crore last fiscal.

July 1st, 2009 NEW DELHI - The government Wednesday approved 21 foreign investment proposals amounting to Rs.84.9 crore ($17.78 million). Prominent among the proposals approved by the Foreign Investment Promotion Board (FIPB) is one by Germany's BASF, which plans to invest Rs.63 crore to manufacture speciality chemicals and trade in commoditised products.

June 26th, 2009 NEW DELHI - State-run gas major GAIL India will invest Rs.7,500 crore ($1.5 billion) to develop two major pipelines in southern India, the company said Friday. Of this investment, Rs.4,500 crore would be spent on the 1,389-km Dabhol-Bangalore pipeline, which would have a capacity of 16 million standard cubic metres a day (mmscmd), a company statement said.

June 26th, 2009 MUMBAI - Sterlite Technologies, a global provider of transmission solutions for telecom and power companies, Friday said it will invest Rs.250 crore for capacity enhancement in the next two years. The company in a statement said it would double its optical fibre capacity to 12 million-km this fiscal and would take it to 20 million-km in 2011.

June 24th, 2009 NEW DELHI - Life Insurance Corporation of India (LIC) on Wednesday announced that it would invest about 50,000 crore rupees in the equity market during this financial year. Addressing media persons in the national capital, Life Insurance Corporation of India's Managing Director Thomas Mathew said: "We expect to invest nearly Rs 50,000 crore in equities this year against Rs 40,800 crore last year." The largest life insurer in the country has invested about Rs 8,000 crore in the equities so far in this fiscal.

June 11th, 2009 NEW DELHI - Private equity fund Red Fort Capital will invest Rs.90 crore in a luxury residential project in the capital being developed by realty major Parsvnath, the realtor said Thursday. According to an agreement reached between the two firms, Red Fort will pick up 18 percent equity interest in the project, expected to be completed in three years and generate revenues of about Rs.1,300 crore.

June 4th, 2009 NEW DELHI - Frito-Lay, the food division of beverage major PepsiCo India, plans to spend about Rs.500 crore over the next three years to push Aliva, a new baked savoury cracker that it launched here Thursday. "We want the new product to get as big as Kurkure (PepsiCo's popular snack)," Gautham Mukkavilli, Frito-Lay India chief executive and PepsiCo India president told reporters.

April 22nd, 2009 NEW DELHI - JSW Steel, one of the leading steel makers in the country, will invest Rs.3,000 crore in 2009-10 to expand its production capacity, a top official said here Wednesday. 'We are planning to invest Rs.3,000 crore in the current financial year to expand our production capacity,' Sajjan Jindal, vice-chairman and managing director of JSW Steel, told reporters on the sidelines of a business meet.

April 16th, 2009 CHANDIGARH - Developer AIPL Ambuja, a joint venture between Delhi-based Advance India Projects Ltd and Ambuja Realty of Kolkata, is planning to invest Rs.1,200 crore in northern India to develop integrated townships across the region. 'We will set up ultra-modern integrated townships, including flats, malls, commercial establishments and healthcare and hospitality facilities.