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R Satyanarayana Bags the Best Driver Award
R. Satyanarayana of BGR Mining & Infra was adjudged the winner of the 5th edition of Volvo Trucks FuelWatch 2014 competition held at a coal mining site in Managuru, near Kothagudem, Telengana on 11th and 12th June 2014.
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LiuGong Invests US$15m in India
LiuGong, Chinese global leader in manufacturing of heavy duty equipment, announced its plans for investing further US$ 15 million in Indian subsidiary in the 2nd phase. Now, India has a new government in place and everybody is expecting favourable business environment. That?s why we decided to invest in the Indian market.
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LiuGong Clocks 28.3 per cent Share in Motor Graders Market
LiuGong India, a subsidiary of Guangxi LiuGong has improved its market share in the motor grader segment from 18.9 per cent to 28.3 per cent in 2013. According to Li Dongchun, Managing Director, LiuGong India, LiuGong achieved USD 20 million, sales revenue in 2013
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The Winds of Change
A Chinese proverb reads thus ? ?When the winds of change blow, some people build walls, and others, windmills!? Agith G Antony finds out the views from the industry leaders who have been building windmills...
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TATA Steel, SAIL and OMC gets mining lease renewal orders
Supreme Court has passed an order on May 16, 2014 banning operations in 26 mines working on second deemed lease renewal. The apex court has ordered the state government to issue proper mine lease renewal in six months. In response to the ban imposed, the state government has fast tracked the process of lease renewal to minimise disruption of mining activities and loss of royalty to the state exchequer
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RX8 breaker from Chicago for Trenching Project
RX8 breaker from Chicago Pneumatic plays vital role in telecoms trenching project in India?s Himalayan region. Since choosing a reliable and efficient light RX8 breaker from Chicago Pneumatic government
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Hypertherm Upgrades ProNest CAD/CAM Nesting Software
Hypertherm, a manufacturer of plasma, laser and waterjet cutting systems announced a major version upgrade to its ProNest? advanced CAD/CAM nesting software for automated cutting. ProNest 2015 contains a number of improvements designed to make the software more efficient and easier to use.
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KIOCL, NMDC and RINL decides to build 13 MTPA slurry pipeline between Nagarnar and Vizag
Steel majors KIOCL, NMDC and RINL have decided to set up a 13 MTPA slurry pipeline between Nagarnar and Vizag for carrying iron ore with Rs 3,500 crore investment. MoU has already been inked between them for setting up a JV in which KIOCL will hold a 48 per cent stake. NMDC and Rashtriya Ispat Nigam Ltd will hold 26 per cent each.
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Volvo CE Completes the Acquisition of the Hauler Business from Terex
Volvo Construction Equipment finalized the acquisition of the hauler business from Terex for USD 160 M, (approximately SEK 1 billion). The deal includes the main production facility in Motherwell, Scotland and two product ranges that offer both rigid and articulated hauler
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Inter Ministerial Group meets on 10th June to discuss on 61 coal blocks
The Inter-Ministerial Group (IMG) on coal blocks under the Chairmanship of Additional Secretary coal will meet on June 10 to discuss the issue of bank guarantees related to 61 mines allocated to companies like Tata Steel, Jindal Steel and Power and ArcelorMittal. In February, 2014 based on the IMG recommendation, the Coal Ministry decided to deallocate around 30 coal of companies like JSPL, ArcelorMittal and Sterlite Energy for delays in developing the mines for captive consumption
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