Wilo SE inaugurates hi-tech mfg plant at Kolhapur

Pump and pumping system manufacturer Wilo SE has inaugurated a hi-tech manufacturing plant at Kolhapur.

Built at an investment of Rs 100 crore, the new facility will manufacture standardised water handling pumps and pumping systems.

It will produce the latest range of Wilo products for the domestic market as well as for its subsidiary Mather & Platt Pumps Ltd for the global market. The company expects a turnover of Rs 150 crore a year from the Kolhapur plant, 80 per cent of it coming from domestic sales.

INVESTMENT PLANS

Wilo SE also has plans to infuse more funds in India to expand capacity and upgrade technology, plant and machinery both at Kolhapur and Pune. Dr Jochen Oplender, Chairman Emeritus, said over Rs 200 crore will be invested for the purpose in the next five years.

"We also will create job opportunity for 1,000 skilled and semi-skilled manpower by 2015," he added.

Wilo SE considers the Asian market, especially India as a prominent growth opportunity. It has also set up an R&D centre at Pune, the first such Wilo facility outside of Germany, where 40 engineers are working on new generation product development.

In India, Wilo operates through its subsidiary Mather and Platt Pumps Ltd, which it acquired in 2005.

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Adroitt Flow Control Pvt. Ltd.
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Hindustan Copper Plans Expansion

State-run Hindustan Copper plans to invest Rs 3,677 crore to almost quadruple its existing copper ore production capacity to 12.41 million tonnes per annum (mtpa) by 2016-17.

"The company has prepared an ambitious expansion plan to expand the capacity of 3.21 million tonnes to 12.41 million tonnes at an estimated cost of Rs 3,677 crore, which would be funded from internal resources, fresh issue of shares and debt," the Mines Ministry's Outcome Budget for 2011-12 said.

The entire expansion would be completed by 2016-17 and in the meantime, the company would also take up greenfield projects for exploration and ore production, it said.

The company would spend a total of Rs 297 crore next fiscal through internal sources for part-funding the expansion of the Khetri, Kolihan, Banwas and Singhbhum mines and reopening of the Rakha and Kenadadih mines.

The only copper ore producer in India, Hindustan Copper's existing capacity caters to about 3 per cent of the requirement of optimum utilisation of installed capacity for smelting/refining of copper in the country.

"The gap in supply and demand provides a huge opportunity to the company to expand its operations in the mining of copper ore," the note said.

The company plans to invest a total of Rs 174 crore for expansion of the Khetri mines from 0.5 mtpa to 1 mtpa. In the Kolihan mines, it would invest Rs 275 crore for expanding the capacity to 1.5 mtpa from 0.5 mtpa and Rs 91 crore to develop the Banwas mine with a capacity of 0.6 mtpa.

The Surda mine's capacity will be expanded to 0.9 mtpa from 0.42 mtpa at a total cost of Rs 216 crore. Hindustan Copper would also invest Rs 347 crore to reopen the closed Rakha mine and Rs 87 crore for enhancing the capacity of the Kendadih mines to 0.21 mtpa.

The note said that the company has already applied for prospecting leases across the country for greenfield exploration and it proposes to explore and develop these mines through a joint venture with global mining majors.

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Anup Shah
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Essar Energy to acquire Shell refinery for US $350 million

Essar Energy to acquire Shell refinery for US $350 million

Essar Energy said it expects to sign a deal to acquire Royal Dutch Shell’s Stanlow refinery in northwest England for US $350 million by month-end.

The company, announcing financial results for 2010 full year, in a press statement, said it is “expecting to sign deal to acquire Stanlow, the UK’s second biggest refinery, from Shell over the next 10 days, by March 31. Acquisition price will be US $350 million plus inventory at cost price,” Essar said.

Essar had on February 18 announced acquisition of the Stanlow refinery to make the Ruias-promoted firm the first Indian refiner with “truely global footprint.”

Essar owns a refinery at Vadinar in Gujarat which can process 2,80,000 barrels of crude oil per day.

It also owns a 90,000 bpd unit in Kenya and is expanding Vadinar to 4,00,000 bpd (20 million tons). Stanlow has a nameplate capacity of 2,96,000 bpd but currently operates at 2,20,000 bpd.

Together, it will now have a little less than one per cent of global oil refining capacity of 88 million bpd. Essar will also pay for Stanlow’s crude and oil product inventory, which will be about US $780 million at current rates, the statement said.

Essar said the phase-I expansion of Vadinar refinery on the west coast will be completed this year at an estimated cost of US $1.85 billion. Following the expansion, the refining capacity will rise to 3,75,000 bpd and lift complexity from 6.1 to 11.8, allowing it to produce Euro V standard petrol and diesel of UK and European quality.

“We also have a further optimisation project underway at the Vadinar refinery costing US $380 million to take capacity to 4,05,000 bpd by September 2012,” the statement said.

In power, Essar said it has US $8.02 billion investment underway. These include 10 power plants under construction totalling 8,070 megawatt of electricity generation capacity. Besides, two other power plants are at a development stage totalling 1,800 Mw at US $1.56 billion. They will move to construction once the company has fuel and funding secured. “By end of 2014, we will have 11,470 Mw operational altogether against just 1600 Mw now,” Essar said.

“We are focused on delivering our growth projects including securing the necessary approvals to move forward with our coal mine developments,” the statement said.

Essar Energy Chief Executive Naresh Nayyar said demand for energy in India is expected to continue to grow sharply. “We remain focused on delivering our key projects, which in 2011 includes the first phase of our Vadinar refinery expansion and another 2,910 Mw of power generation capacity,” he added.

 

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Berkshire Hathaway Buys Lubrizol For $9 Billion In Cash

OMAHA, Nebraska (AP) — Warren Buffett's Berkshire Hathaway Inc. is buying specialty chemicals company Lubrizol Corp. for about $9 billion in cash, making it among Berkshire's biggest acquisitions.

The companies said Monday that the transaction also includes about $700 million in net debt. Berkshire will pay $135 per share, a 28 percent premium to Lubrizol's closing stock price Friday of $105.44.  Buffett said earlier this month he was looking for more big acquisitions to boost Berkshire's earnings power. Last year, Berkshire Hathaway acquired railroad Burlington Northern Santa Fe for more than $26 billion.  "Lubrizol is exactly the sort of company with which we love to partner — the global leader in several market applications run by a talented CEO, James Hambrick," Buffett said in a statement. Lubrizol makes chemicals for pharmaceutical companies, fuel additives for gasoline and diesel and other ingredients for the transportation sector. Last month, it reported that its fourth-quarter profit climbed 17 percent because of a $19 million tax benefit and higher sales. The company's revenue grew 11 percent to $1.32 billion. Berkshire Hathaway, which is based in Omaha, Nebraska, owns roughly 80 subsidiaries, including insurance, clothing, utility, furniture, jewelry and corporate jet firms. It also has major investments in such companies as Coca-Cola Co., Washington Post Co. and Wells Fargo & Co.

Buffett, whose investing decisions are carefully scrutinized by the world of finance, said earlier this month that while he's interested in making acquisitions, it's hard to find big businesses that fit into Berkshire Hathaway well. He also noted that businesses that do appeal to him usually aren't selling at the right price.  Buffett is an adherent of value investing — focusing on finding financially sound companies with underpriced shares. He has simple standards for what he looks for in an investment: easy-to-understand large companies with a strong competitive advantage that generate cash and above-average returns on capital. Berkshire's biggest acquisition before BNSF was the $16 billion stock purchase of reinsurance giant General Re announced in 1998.  Buffett said he tries to close deals quickly partly to avoid the kind of insider trading a former Goldman Sachs board member has been accused of engaging in just before Berkshire invested $5 billion in Goldman in 2008.

Berkshire Hathaway and Lubrizol expect the acquisition to close in the third quarter. After the deal is complete, Lubrizol will become a Berkshire Hathaway subsidiary. It will keep its Wickliffe, Ohio, headquarters and continue to be led by current management. Both companies' boards have unanimously approved the buyout, but it still needs the approval of Lubrizol shareholders.

 

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No Ban on use of chinese equipments for power projects in India

The government today said that at present there is no proposal to ban the use of Chinese equipment in power projects.



"There is no proposal to impose a ban on Chinese equipment in power projects at present," Minister of State for Power K C Venugopal said in a written reply to Lok Sabha.



As informed by the Central Electricity Authority (CEA), no specific issues related to the quality of turbine generators from foreign manufacturers have been brought out by the utilities, Venugopal noted.



There were some failures with boiler and turbine generators supplied by Chinese manufacturers to power plants in West Bengal.



At the Durgapur Projects Ltd , one unit of 300 MW was installed by China's Dongfang Electric Corp and was under commercial operation since April 2008.



Venugopal said that DPL had not faced any problem with the operation of the turbine.



He noted that due to some accidental failure of the control system, there was starvation in turbine bearing lubricating oil system on May 30, 2010, which led to some damage of the turbo-generator rotors.



"The damaged portion of the rotors have been repaired and ready for re-commissioning in May 2011," he added.



According to him, two sets of 300 MW units were supplied by Chinese entity DEC were commissioned at Sagardighi Thermal Power Plant of the West Bengal Power Development Corporation in 2008.



"Initially, there was failure of LP Turbine blade of Unit 1. Subsequently, it was replaced and now both the units are running well," Venugopal said.



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Dodsal Group acquired Chennai-based AE&E IDEA (India) Private Limited

UAE-based engineering, procurement and construction company Dodsal Group has acquired Chennai-based AE&E IDEA (India) Private Limited, it was announced here on Tuesday.



The acquisition adds to Dodsal's growing portfolio and improves its project execution capabilities in the engineering, procurement and construction sectors.



In its 27 years, AE&E IDEA (India) Pvt Ltd has established its presence in the power, oil and gas and infrastructure sectors and complements and enhances Dodsal's engineering division's own strengths in the fields of oil and gas, power, pipelines, infrastructure, exploration & mining.



Rajen A Kilachand, the Chairman and President of Dodsal Group, said the acquisition is a strategic fit and further strengthens the company's existing business footprint in the energy, industrial and infrastructure sectors.



"It opens a new window to provide comprehensive solutions and deliver path-breaking technological development in the engineering, procurement and construction space. With huge investments expected in the energy and power sector, we are confident that the synergies with this acquisition will help us to achieve our core mission of serving customers globally," he said.



The enhanced engineering expertise augments the engineering capability within Dodsal's existing business line, providing areas for exploring value engineering options and providing customers more cost-effective EPC business solutions, which sync perfectly with a deeper strategy at Dodsal to execute EPC projects with in-house engineering resources.



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Nuclear Power Corporation of India begins ground work for 6000MW project in West Bengal

Nuclear Power Corporation of India (NPCIL) is slated to complete preliminary ground work for its controversial 6,000 mw power plant in West Bengal by March 2012.



The proposed nuclear power project at Haripur has run into trouble with locals resisting land acquisition. NPCIL, however, has gone ahead and started ground work. Land acquisition for the project is likely to start by 2013.



"Ground work includes collection of oceanography and meteorological data, which is currently in progress. However, we are not carrying out any geo-technical test at present. This can wait for some more time. But by March 2012 all basic information will be with us," NPCIL chairman S K Jain said in Kolkata on Wednesday.



"Following completion of data acquisition, the site will have to be finally cleared by the Atomic Energy Commission board. Following this, NPCIL will start land acquisition. The project will require around 650- 700 hectares for setting up the two reactors of 1,000 mw each in the first phase," Jain said on the sidelines of the conference "Frontiers of Science".



The NPCIL chairman said the company was not facing any difficulty in carrying out data collection work. He said efforts would be made to win over the locals with attractive rehabilitation packages and measures would be taken to ensure there was no environmental damage because of the project.



"The project will not be harmful to the environment or affect fishing activities in the coastal areas of East Midnapore. It will, in fact, be a major boost to the local economy and help maintain ecological balance," Jain said.



Land acquisition for the projec would start by 2013, Jain said. "We need 18 months of activities before the first reactor comes up. Since we plan to begin work during the 12th Plan period in 2013-14, we have not yet come to the land acquisition stage. But we must start acquiring by late 2012 or early 2013 if we have to stick to the schedule. We are confident of being able to go ahead."



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Lanco Infratech receives environmental clearance for 1320MW Thermal Project in Maharashtra

Leading infrastructure group Lanco Infratech today said it has received environmental clearance for its 1,320 Mw coal-based thermal power project in Maharashtra.



The company's subsidiary Lanco Vidarbha Thermal Power has got the approval for the project from Ministry of Environment & Forests.



"(The approval is) for setting up 1,320 (2X660) Mw coal-based super critical thermal power project at village Mandva, in Wardha taluk and district in Maharashtra," Lanco Infratech said in a filing to the Bombay Stock Exchange (BSE).



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CCIL (Continental Carbon India) to set up carbon black project at Vizag

Continental Carbon India Limited (CCIL) today announced its first major investment in a greenfield carbon black project being set up at Visakhapatnam.



The company will invest $100 million in the project, which will have a capacity of 140,000 tonne in Phase 1, in the next 18 months. CCIL is the wholly-owned subsidiary of US-based Continental Carbon company now owned by Taiwan Cement Group.



The company's Ghaziabad plant, which it acquired in 1999 from Oriental Carbon, currently produces 65,000 tonnes of carbon black a year. While the existing production is being fully consumed by domestic clients, the additional production that would come from the project at the port city is meant for exports.



Carbon black is a fine carbon powder produced by burning the feedstock, which is essentially the residue that comes out from a crude oil refinery, and is used as a reinforcing filler in rubber compounds by tyre manufacturers, among others.



According to Kim K T Pan, president, Continental Carbon, the Visakhapatnam project will be developed in three phases with each phase having 140,000 tonne capacity involving $100 million investment each over the next 10 years. The company would also be setting up a 40-Megawatt cogeneration power plant in each of the three phases.



Chief minister N Kiran Kumar Reddy formally launched the ground breaking for the company's project at a function held here on Wednesday. Taiwan Cement Group chairman Leslie Koo said the group would look for more investment opportunities in the state in future.



CCIL's turnover currently stand at $100 million and the new plant is expected to generate $200 million in revenues. As of now, the carbon black produced at Ghaziabad in Uttar Pradesh is being consumed domestically. Once the new capacity comes into picture, we want to export 50 per cent of the production to other countries as there is not enough demand in the domestic. However, there is a gradual growth in demand for carbon black India and we will be in a position to meet the demand as it continues to grow on the back of expanding automotive industry, Pan said.



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Blackmer SMVP series mag-drive sliding vane pumps

Blackmer SMVP Pumps Provide Seal-Less, Mag-Drive Design Advantages In Liquid-Terminal Applications



Blackmer has announced that its SMVP Series Sliding Vane Pumps have been designed to combine proven sliding-vane technology with a seal-less magnetic coupling to optimize product containment when handling expensive, hazardous or hard-to-seal fluids, such as those found in liquid-terminal applications.



The seal-less design of he SMVP pumps results in zero shaft leakage, which is a crucial concern when mixing, blending, loading/unloading or packaging the many types of liquids that are found in terminal operations.



SMVP pumps are constructed of 316 stainless steel with metalized carbon sleeve bearings and non-metallic vanes for longer life. The presence of self-lubricating carbon graphite sleeve bearings means there is no metal-to-metal contact during operation, which makes the SMVP pumps ideal for dry-run priming and line-stripping duties. The SMVP pumps also feature a unique bearing and head design that allows a small quantity of pumpage to circulate through the containment can and bearing surfaces. This positive flow of fluid minimizes temperature rise for maximum bearing life. They are also equipped with samarium-cobalt magnets as standard construction. This rare earth material prevents permanent magnet degradation if adverse operating or "break-free" conditions occur.



Blackmer's SMVP Series pumps are available in six models: SMVP15, SMVP30, SMVP50, SMVP100 and SMVP200. Flow rates range from 4 to 215 U.S. gpm (15 to 813 lpm) with an operating temperature range of -40°F to 200°F (-40°C to 96°C) and viscosity range up to 5,250 cP (25,000 ssu). This versatility allows the SMVP pumps to offer the best combined characteristics of sustained high-level performance, energy efficiency, trouble-free operation and low maintenance cost.



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Indian High Court has upheld Ansaldo-Gammon consortium plea against its disqualification by NTPC for Rs 19,000-crore supercritical power equipment tender

The High Court here has upheld the plea of the Ansaldo-Gammon consortium against its disqualification by state-run NTPC for its Rs 19,000-crore, 800-Mw bulk supercritical tender.



The consortium will now give a price bid, as the tender was not opened because of the pending judgement.



A consortium of Ansaldo and Gammon had taken NTPC to court, after it was disqualified from bidding in stage I on the grounds that certain parts in the equipment were outsourced.



The court said in accordance with the terms of the bid documents, NTPC would allow the Ansaldo-Gammon consortium to not only proceed to the next stage -- stage-II (price bid) -- but also allow it to participate in the technical discussions according to the tendering process.



The court had earlier asked NTPC for original records of the bids by Monday, while maintaining an interim arrangement till the pronouncement of the judgment. It could not be ascertained whether NTPC will appeal against the decision in the Supreme Court. A senior company executive said, We are studying the judgment and a final decision will be taken in the interest of the company.



NTPC had ordered 11 boilers, nine for its own projects and two for the Damodar Valley Corporation. According to the tender, the lowest bidder for boilers will be given an order for six units. If BHEL is not the lowest bidder, the government will award it the order for the remaining five units if it agrees to match the lowest bid. In case BHEL does not match the bid, others would be given a chance in the order of bid rankings.



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BHEL receives Rs 3220Cr 2x500MW Sagardighi project

Power equipment maker Bharat Heavy Electricals (BHEL) today said it has won an order worth Rs 3,220 crore related to a thermal power project in West Bengal.



The order is for supply and installation of the main plant package for the Sagardighi Thermal Power Project Stage-II in West Bengal. The project has two units of 500 MW each.



In a statement today, BHEL said the order is worth Rs 3,220 crore and has been placed by the West Bengal Power Development Corporation Ltd ( WBPDCL )).



For this contract, BHEL's work would include design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators and boilers.



The company would also be responsible for Controls & Instrumentation (C&I), Switchyard and civil works for the main plant package.



"Significantly, even though Stage-I of the power project is equipped with Chinese equipment, yet the customer has reposed confidence in BHEL's capabilities by opting to source equipment from BHEL for the extension project," the firm said.



The order was won under the International Competitive Bidding process.



Shares of the company jumped nearly three per cent to Rs 2,058.50 on the Bombay Stock Exchange .



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Moments from Chemtech World Expo 2011 held at Mumbai

Adroitt Flow Control participated in Chemtech + Pharma + Bio World Expo 2011 held at Mumbai, India, from 23-26 Feb 2011.   The products of following principals were show-cased at the stall.

1) Vortex Valves, USA - Quantum Orifice Gate Valve, Diverter Valve

2) Ramen Trading AB, Sweden - Metal Seated Ball Segment Valve

3) Swiss Fluid, Switzerland - PTFE / Elastomer lined Butterfly Valve, Ball Valve, Diaphragm Valve

4) Gemme Cotti, Italy - Mag-Drive Pumps, Rotary Vane Pump, Vertical Turbine Pump

5) Milliken Valves, USA - Fully Rubberlined Eccentric Plug Valve, Butterfly Valve

6) SMG Valves, USA - PTFE Lined & Sleeved Tapered Plug Valves

This was first ever participation by our young company on such a large platform. Several customers & business associates visited the stall making our participation a huge success.  As the famous Italian poet quotes "We do not remember days, we remember moments.  The richness of life lies in memories we have forgotten" - so, we managed to capture few moments to share here with all ~~

Mr. A. K. Misra, Sales Director, Richter Pumps & Valves India,
reviewing Gemme Cotti products, with Anup Shah of Adroitt Flow Control

Adroitt Flow Control Stall at Chemtech

Adroitt Flow Control stall at Chemtech

An Interested visitor at the stall

Customer reviewing Vortex Valves products with
Anup Shah of Adroitt Flow Control

Anup Shah, Founder Director, Adroitt Flow Control

Mr. C. Manikandan, Associate Vice President, Chemtrols Industries Ltd
with Anup Shah of Adroitt Flow Control

Adroitt Flow Control stall at Chemtech

Adroitt Flow Control stall at Chemtech

Adroitt Flow Control stall at Chemtech

Adroitt Flow Control stall at Chemtech

Adroitt Flow Control stall at Chemtech

Display of product brands represented by
Adroitt Flow Control in India

Adroitt Flow Control stall at Chemtech

Display of product brands represented by
Adroitt Flow Control in India

Adroitt Flow Control stall at Chemtech

Vortex Valves products on display at Adroitt
Flow Control stall at Chemtech

Gemme Cotti pump products on display at
Adroitt Flow Control stall at Chemtech

Milliken Valves products on display at Adroitt
Flow Control stall at Chemtech

Ramen Valves products on display at Adroitt
Flow Control stall at Chemtech

SMG Valves products on display at Adroitt
Flow Control stall at Chemtech

Mr. Stefan Mathis, Managing Director, Swiss Fluid AG,
with Anup Shah of Adroitt Flow Control

Mr. Stefan Mathis, Managing Director, Swiss Fluid AG, with
Mahendra Gaikwad of Adroitt Flow Control

Discussions on Swiss Fluid products

Mr. Stefan Mathis reviewing products of other pricipals represented
by Adroitt Flow Control in India

Swiss Fluid products on display at Adroitt Flow
Control stall at Chemtech

Team from Sterlite Industries interacting with
Mr. Stefan Mathis for Swiss Fluid products for corrosive media

Valve World delegates interacting with Anup Shah & Stefan Mathis

Mr. Vignesh Chavan of SPX Flow Technology with Anup Shah

Visitor from GSFC discussing with Stefan Mathis & Mahendra Gaikwad
on Swiss Fluid products

Vortex Valves on display at Adroitt Flow Control stall at Chemtech

We take this opportunity to thank you all our valued principals and business associates, customers, colleagues, friends and well-wishers for extending their whole-hearted support in making this event a huge success for us.