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Regd. No. MH/MR/WEST/191/2009-2011. WPP No. MR/Tech/WPP-113/West/2009-2011  Posted at Mumbai Patrika Channel Sorting Offi ce, Mumbai - 400 001 on every Monday & Tuesday. RNI No. MAHENG/2006/17992.


20|International Info


to expand its market in Asia to become a global brand. Accordingly, the company has created warehousing facilities in Malaysia, set up an office in China for outsourcing and


BEML plans expansion B


EML, under the Ministry of Defence,


proposes


launched a local company, PT BEML Indonesia, in Indonesia to capture the emerging mar- ket. BEML Brasil Industrial was earlier formed to promote sales of mining and construction equipment in Latin American countries with phased local


AES Corp aims 10,000 MW in India A


ES Corp, an American power major, plans to list its local subsidiary in India in the next three to four years and raise debt from the local market to fund its ambitious US$15 billion plan to expand its capacity to 10,000 MW in


Suryachakra to acquire coal asset in Indonesia


S


uryachakra Power Corporation is considering acquisition of power project companies by way of merger. The board has approved the proposal for acquisition of an operating / non-operating steam coal asset in Indonesia through a subsidiary to be incorporated in Singapore. It has also approved the proposal to raise an US$25 million ECB of either by the company or through its overseas subsidiary.


L&T bags Oman airport order


Engineering & Contracting SAOG has bagged US$ 764-mil- lion order from the government of Oman to develop its New Salalah International Airport. L&T’s scope of work is approxi- mately US$ 500 million. The project will be accomplished in 30 months and upon com- pletion, the airport will have a capacity to handle 2 million passengers per annum. The consortium partner Gulfar Engineering is a major com- pany in Oman and L&T has a significant presence in Oman through L&T Oman LLC, a joint venture company of L&T and Zubair Corporation.


L


Europe to invest in solar plants


T


he Asian Development Bank has pulled in the


European Investment Bank to invest in large-scale solar pow- er plants in India.


The ADB is committed to


arrange finances for India’s ambitious National Solar Mission projects. ADB has been working closely with many Asian countries to pro- vide them financial, technical and policy-related support for expanding solar energy infra- structure. The ADB is playing an active role in India to make solar energy more popular. In addition to the European Investment Bank, the ADB has also attracted funding from the US Import-Export Bank and Germany’s KWF.


arsen & Toubro (L&T consortium with Galfar


the country. According to Paul Hanrahan, CEO, who was part of the US business delega- tion accompanying President Barack Obama, it was encour- aging to see opportunities in India’s power sector and saw the country contributing 7 per


manufacturing programme. BEML has a wide product range covering mining and construc- tion equipment, defence equip- ment, railway equipment and various other products such as hydraulic aggregates, disaster management machinery etc.


Projects Info | 22 - 28 November | 2010


Caterpillar to buy Bucyrus W


orld’s largest construction and mining equipment


cent to the company’s global revenue in next five years from less than 1 per cent currently. The company aims to set up 10,000 MW capacity, of which 90 per cent would be coal or gas based and 10 per cent renewable.


Caterpillar Inc has agreed to buy Bucyrus International Inc for $7.6 billion to add shov- els, draglines and drills to its product range. According to a company statement by Caterpillar, Bucyrus sharehold- ers will receive $92 per share. The deal is valued at $8.6 billion including net debt, Caterpillar said. The offer represents a 32 per cent premium to South Milwaukee, Wisconsin-based Bucyrus’s Nov. 12 share price of $69.62. According to officials of Caterpillar, with all the things going on around the globe with globalisation, urbanisation and demand for minerals, things in


the earth, we will be strong for a long period of time. Caterpillar is expanding its mining busi- ness as coal and metals produc- ers raise investment to meet growing demand from emerg- ing economies.


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