- Tata to invest 8mn in Scotland plant
- Emani Paper in talks to acquire mills
- Superhouse acquires Briggs Industrial
- NMDC seeks partner to set up power plant
Tata to invest 8mn in Scotland plant
Tata Steel Ltd on (`56 crore) at its Clyderbridge plant in Scotland, part of its European operations, to double the output of high strength steel plate to 3,200 tonnes a week by 2012.
“The investment ... will boost the out put from the specialist plant by up to 50% and lead to the creation of about 26 new jobs”, Tata Steel said in a statement. This is the second major investment in Scotland by the global giant, following announcement of £8 million investment at Dalzell plate rolling mill in August, 2010.
Emani Paper in talks to acquire mills
Emami Paper Mills Ltd is in talks to buy newsprint producers as part of its plan to almost triple capacity in about three years as local supply lags demand. “The company may buy news print mills with a total capacity of as much as 100,000 tonnes a year”, chief executive officer P.S. Patwari said in Kolkata on Wednesday. “Emami Paper will decide to set up this capacity on its own if the paper maker gets environ mental approval earlier”.
Superhouse acquires Briggs Industrial
Kanpur based footwear maker Superhouse Ltd has bought 100% stake in Briggs Industrial Footwear Ltd, a UK based footwear firm for £1.40 million (`10.3 crore), the company informed the exchanges. Superhouse has entered into a contract with the shareholders of the Leicester, the UKbased company on 27 April, the company said.
NMDC seeks partner to set up power plant
NMDC Ltd, Asia's third largest iron ore producer, is seeking a partner to help build a power plant in Chhattisgarh that will fuel the company's planned $3.6 billion (`15,980 crore) steel mill.
The firm plans to build a 300MW coal or gas fired plant, executive director Kumar Raghavan said in an interview on Wednesday.
The company is seeking at least 26% stake in the venture, he said.