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MHS Energy ties up with German firm

MHS Energy Pvt Ltd, a newly launched infrastructure company offering outdoor power solutions for telecom industry, announced its joint venture with Germany-based b+w Electronics Systems to provide outdoor power solutions with low maintenance costs in India. It would invest Rs 150 crore in the initial stage to set up a manufacturing unit and to supply solar power solutions.

The company, which today launched an advanced solar power cube and solar energy cube, is finalising a six-acre site for its plant on the border between Tamil Nadu and Andhra Pradesh.

Plans are to install and run six systems in the first three months of operation and to increase installation to 500 units per month for the next 12 months, said Sajjan M Sharma, managing director, MHS Energy Pvt Ltd.

“We will install a total of 6,000 units of the solar power products in 12 months after the pilot project of six units. A combination of one solar power cube and a solar energy cube makes a unit,” he said. The first 6,000 units would be imported and assembled in India, while the company would later set up a manufacturing facility with a capacity of 6,000 units per month.

As per the agreement, b+w Electronics would provide the technology while MHS Energy would facilitate manpower, manufacturing capacity and investment.

Heinrich Walterfang, chairman and CEO, b+w Electronic Systems, said that the solar power units are tested and verified for proper functioning in Indian conditions and could replace the existing power sources including diesel power generators to cut down energy consumption by around 77 per cent.

It could bring down the operational expenditure from 28,032 kilowatt per hour per annum in a conventional shelter to 52,580 kilowatt per hour per annum, in a solar power solution unit. Out of the total 3.3 million towers in the country, around 166,129 towers are running on assisted power, said Sharma.

MHS Energy, launched today, is a wholly-owned subsidiary of Tenstar Infratech Pvt Ltd, which focuses on clothing, infrastructure and energy industries.

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YIE-MEET-Hyderabad, Bhubaneswar and other updates

YIE-Meet-Hyderabad, 12th June 201, 2:00 PM -6:00PM

Young Indian Entrepreneurs (YIE) is organizing YIE-meet on 12th June 2011,2:00 PM -6:00PM in Hyderabad. We invite you to the aforesaid event,it’s really a good opportunity to connect with fellow members

.There is NO registration FEE to participate in this meet.

Date & Time: ——————- On 12 June 2011 Sunday. 2:00PM to 6:00PM

Venue: ————– Telugu University Public Gardens Nampally Hyderabad-500 004 Andhra Pradesh

Registration (Free): —————————– It’s free to participate.

Follow the link to book your seat now : http://www.yielive.com/1/events/page_reg.aspx Or you can just walk-in.

Agenda: ————– For details follow the link: http://www.yielive.com/1/events/page_agenda.aspx

If you are interested to know about sponsorship details, please write a mail:sponsors@yielive.com Thank you and best regards vizai G Young Indian Entrepreneurs ( YIE ) http://www.yie.in ************************************************************************************************************** Upcoming Events ************************************************************************************************************** ===============================================

YIE-Meet-Bhubaneswar

===============================================

We are planning to conduct YIE-meet-Bhubaneswar in collaboration with KIIT-TBI (www.kiitincubator). We will share the full details soon; meanwhile we would like to know if you are interested to deliver a talk during this YIE-meet-Bhubaneswar. We also provide Air fare and guest house facility for speakers. If you are interested in speaker opportunity,please send a mail to: vinit@yielive.com ===============================================

INDO KOREA CONNECT 2011,Chennai An International Business Summit and Trade Fair ===============================================

24 – 25 June 2011, 9:00 AM – 6:00 PM at Taj Coromandel, Chennai Owing to the Comprehensive Economic partnership agreement signed between India and South Korean a world of opportunities is headed our way. From JV’s and collaborations to business partnerships and service contracts. IKC is the perfect platform to explore it all. So come on board. Special arrangements for budding Entrepreneur’s and young companies.

Delegate Registration : ———————————- Individual: Rs 4,750/-,

*Exclusive concession for YIE Members: Rs 3,750/-

Corporate: Rs 20,750 (4 Persons) Please send a mail to ikc@yielive.com for enquiries.

For more details: http://indokoreaconnect.com

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YOUNG INDIAN ENTREPRENEURS : YIE-Meet Hyderabad – Agenda

Agenda of YIE-Meet Hyderabad.

Date & Time: 12th June 2011(Sunday), 2:00PM to 6:00PM.

There is no registration fee.It’s free to participate in this meet.

Agenda
——–
1. Key Success factors for entrepreneurs and how to avoid the common mistakes
by Mr.VVSSB Shankar Mentor at www.i-lend.in
Past: CEO at VTX Industries Limited,Sr.Vice President at TVS Electronics

2. Andhra Pradesh ICT Policy (Govt. of A.P)
by Mr.S.Shawket Hussain Madani
Deputy.Director – Promotion,Information Technology and Communications Department,Govt. of A.P

3. Wellness & Fitness management for the young leaders
by Mr.Nadeem Uddin (International Hockey Player)

4. Real and Perennial health care Business Model in CSAMM
(Community Supported Agricultural marketing model)
by Mr.Raghava Charyulu ,TGK Green Energy Pvt Ltd

5. The entrepreneur ecosystem,.the opportunities and challenges
By Mr.Vikas Singh,President and Founding Director at Crux Management Services P Ltd.

6. Social enterprises: Opportunities,Prospects and challenges in India
by Sirisha Peri (Recent graduate student from Cambridge University,U.K)

Duration of each session will be 30min(max).We will share the detailed time-lines for each session in next mail.

More details: http://www.yielive.com/1/events/page_agenda.aspx

Venue
———–
Potti Sriramulu Telugu University
Public Gardens
Nampally
Hyderabad-500 004
Andhra Pradesh

If you are interested to know sponsorship details, please write a mail: vizai@yielive.com

Going forward, we will make a plan to conduct similar kind of meets in other locations in India.

Thank you.

Warm Regards
vizai G
Young Indian Entrepreneurs (www.yie.in)
info@yielive.com

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Saint-Gobain To Invest Rs 1,500 Cr; Eyes New Factory In Andhra Pradesh or Tamil Nadu

aint-Gobain Glass India (SGGI), manufacturers of a broad variety of flat glass items, has framed plans to make an investment of Rs 1,500 crore in India across its production plants over a period of two years.

In addition, float glass maker Saint Gobain is in search of land to establish a novel solar glass factory.

Saint Gobain Glass India managing director, Mr. B. Santhanam stated, “We are looking for land in both Tamil Nadu and Andhra Pradesh to set up a full-fledged facility at an outlay of Rs 500 crore.”

The company is also lifting up FDI worth $140 million.

Mr. B. Santhanam said that the company projects to establish a giant complex, which will manufacture crystalline silica, thin-film photovoltaic cells and solar mirrors all under one roof.

Recently, the company got hold of Sezal Glass’ float glass facility in Bharuch, Gujarat.

The facility began functioning during February last year.

With the subsisting glass complex at Sriperumbudur and the forthcoming new glass complex at Bhiwadi, this strategic acquirement will give a pan-India manufacturing footprint to SGGI.

Santanam said, “We would be making additional investments of R100 crore in the acquired plant for raw materials and it would be used as a manufacutring hub for West India.”

SGGI, a wholly owned arm of Compagnie de Saint-Gobain, headquartered in Paris, started Indian functioning in the year 2000 with the accreditation of its initial float glass facility at Sriperumbudur, near Chennai.

The R1,600 crore glass complex at Sriperumbudur, spread over 177 acres, houses two float glass plants to manufacture 1,200 tonnes of finished international quality float glass every day.

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GMR to raise Rs 400 cr debt for solar power

GMR Group

Image via Wikipedia

Bangalore-based infrastructure company GMR Infrastructure is close to raising around Rs 400 crore of debt to finance its upcoming solar project in Gujarat. Sources in the know said that the company is in talks with IDBI Bank to close the deal in the near future.

Earlier, the infrastructure firm received approval from the Gujarat government to set up a 25 Mw solar power project in the state, using photovoltaic technology for this project which will cost around Rs 500 crore. In addition to kickstarting its presence in this sector in Gujarat, GMR is also in talks with the Rajasthan government for another project. “Rajastan has come up with an encouraging solar power policy and we will bid for the new projects in the state, “ a top company official said.

Presently, GMR has three completed energy projects namely barge-mounted power plant at Kakinada, 200 Mw power plant in Chennai and Vemagiri plant in Andhra Pradesh. Projects of GMR Infra, which are under various phases of their implementation, are GMR Orissa power project, Talong power project, Bajoli project, Chhattisgarh project, Upper Karnali hydro-power project, Upper Marsyangadi project among others.

The company has a power generation capacity of 808 Mw by the end of December, 2010, and has 11 projects with a total capacity of 8,448 Mw in its portfolio. Of the projects, 4,138 Mw is under construction and 4,130 Mw is under development.

As per company officials, it is expected to add another 1,800 Mw of power in the present financial year to its present capacity. They also said that GMR was aggressively looking at increasing its solar power capacity in the future.

The energy vertical of the company has posted a marginal six per cent rise in its net profit to Rs 249 crore in FY11. However, its net declined around 70 per cent to Rs 37 crore during fourth quarter owing to deferred tax liability of around Rs 74 crore that had been accounted in this period.

GMR posted a loss of Rs 929.64 crore in the last financial year as compared with a profit of Rs 158.4 crore in the corresponding period previous year.

Revenue rose by 26 per cent to Rs 5,773.8 crore during this period. Meantime, the company has posted a 14 per cent increase in its operating profit to Rs 1,555.5 crore by end of March, 2011.

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