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Shriram Transport buys GE Caps' 2 loan portfolios
Asset financier Shriram Transport Finance bought the commercial vehicles and construction equipment portfolios of two GE Capital units for about Rs 1,100 crore, the company said in a statement today.

Gammon responsible for metro mishap: probe panel
A probe panel looking into the crane mishap at Delhi Metro site during debris clearance today held the contractor Gammon India responsible for the "unusual" incident which it said was due to "mismanagement and lack of professionalism".

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Cane output may fall 17 MT below demand by 2012
India"s sugarcane production is projected to fall short of the demand by 17 million tonnes(MT) at the end of this Plan period (2007-2012) from a surplus supply of 14 MT now, as per the Planning Commission.
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GE Hitachi in talks with BHEL, Bharat Forge for nuke equipment

Hoping to get the US government"s nod to go ahead with its business in India, GE Hitachi has begun talks with domestic companies like BHEL, Bharat Forge and Larsen & Toubro for making atomic power equipment. - BHEL to supply equipment to APGENCO project - Nine of top-10 firms add Rs 49,000 cr in m-cap - Alstom to have 33.3% stake in NPCIL-BHEL venture - BHEL drops Singur idea - BHEL may not set up plant at Singur - Bengal to take back Singur land for power project with BHEL "We are talking to several vendors -- BHEL, Bharat Forge and L&T for manufacturing castings and forgings for the nuclear power plants," GE Hitachi Senior Vice-President (Nuclear Plant Projects) Daniel L.Roderick told reporters here. Larsen & Toubro (L&T) has already signed an agreement with Nuclear Power Corporation of India (NPCIL) for manufacturing nuke power equipment. "We want a reliable component supplier, we want them (L&T-NPCIL) to make forgings for us...As we are the technology provider," Roderick said. "If we are able to receive approvals from the US government next year, the first unit can only be commissioned by 2018-19 and after that every two years new units would follow," he said. The company would manufacture 1,500 Mw and above units for the nuclear power projetcts in India. GE Hitachi hopes to feed more than half of its clientele by manufacturing the castings and forgings in India. "50-70 per cent of the equipment can be made here for both India and international market," he said adding that manufacturing here can save as much as 50 per cent cost.


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