“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.”

Tuesday, February 26, 2008

Daily Coorporate News-26/02/2008

L&T to set up power equipment manufacturing plant in Hazira
Larsen & Toubro has zeroed in on Hazira, Gujarat, to set up its Rs 1,500-crore power equipment manufacturing plant. The engineering major would make turbines and boilers at the Hazira plant, For this purpose, it has floated two companies, L&T Turbines and L&T Boilers. Last year, L&T had signed a joint venture agreement with Japan's Mitsubishi Heavy Industries for setting up a manufacturing facility for super-critical boilers, super steam turbine and generator.

W.S. Ind Vizag plant to go on stream by June 08
The second plant of the Chennai-based W.S. Industries Ltd (WSIL), coming up in the multi-product special economic zone in Visakhapatnam at a cost of Rs 107 crore, will be production-ready by June. The plant will add 10,000 tonnes to W.S. Industries’ present capacity of 16,000 tonnes. The company will then be among the world’s top 10
manufacturers of insulators for power transmission

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