29 May 2020

Ticker Tape- International

Ashok Leyland Arm bags Electric Double Decker order from London


Ashok Leyland Ltd (ALL), the flagship company of the Hinduja Group, recently declared that its subsidiary Optare PLC has secured a significant order from Transport for London (TfL).The company claims to have recieved orders for 31 Optare Metrodecker EV double-decker buses to be bought by Metroline and will be added to London’s fleet by next summer. The buses will be used on Metroline’s iconic routes 43 (Friern Barnet -London Bridge) and 134 (North Finchley -Tottenham Court Road), which will become exclusively operated by electric double deckers. This landmark order delivers the largest pure electric double-decker bus fleet in Europe. Optare, along with active involvement of Ashok Leyland engineering, has been at the forefront of e-mobility revolution. As one of the global leaders in public transport, Ashok Leyland has been investing intelligently in developing e-mobility solutions for various markets. The company believes that investment in Optare was a strategic move which will give long-term benefits not only in terms of revenue but also in terms of developing the technology.




NBCC BAGS `400 cr contract In Dubai


Navratna public sector undertaking NBCC (India) Limited has bagged a `400 crore project awarded to it by the Department of Commerce, Ministry of Commerce and Industry, Government of India, to construct India Pavilion at the Dubai World Expo 2020. The Memorandum of Understanding (MoU) has been signed between Yogesh Sharma, Executive Director NBCC and Manoj Dwivedi, Joint Secretary, Department of Commerce, in the presence of Dr. Anup Wadhawan, Commerce Secretary. The scope of work of the project includes Conceptualization, Design and Construction of 4,614 square meters India Pavilion and other utilities. Apart from showcasing India’s path breaking programmes like 'Make in India', Smart Cities, 'Digital India', the aim of India Pavilion will also be to showcase India's strength in innovation and start-ups which are pushing the boundaries in high technology areas like artificial intelligence, fin-tech, space and green energy. The Dubai World Expo 2020, which will remain open for six months, is expected to have footfalls of more than 10 million visitors from 200 countries. The main theme of Dubai World Expo 2020 is ‘Connecting Minds, Creating the Future’ with three sub-themes – Opportunity, Mobility and Sustainability – to generate sustainable solutions to global problems, demands and collaboration areas across cultures, countries and regions.




Elgi buys Sydney firm for `56 cr


Coimbatore - based air compressor company Elgi Equipments has acquired 100 per cent shareholding in Sydney-headquartered Pulford, one of the largest distributors of industrial air compressors in Australia, in an all-cash transaction valued at A $11.04 million (about `56 crore). Elgi has bought F R Pulford & Son Pty Ltd along with its wholly owned subsidiary Advanced Air Compressors Pty Ltd, which does business as Pulford Air and Gas. The acquisition was funded through internal accruals and debt.



Ashok Leyland to supply 147 buses to Burkina Faso for $9.57 bn


Hinduja flagship firm Ashok Leyland last month declared that it has bagged third project order to supply 147 buses worth $9.57 million to Burkina Faso. The repeat order, bagged by Ashok Leyland West Africa, under lines of credit from Exim Bank of lndia through Ecowas Bank of Investment & Development (EBID), comprises 80 units Falcon, 57 units of Eagle 916 and 10 units MiTR bus models, Ashok Leyland said in a regulatory filing. It is reported that these buses will be supplied to the Ministry of Higher Education Scientific Research and Innovation. The buses will be supplied over the next 180 days and the order includes delivery of vehicles, spare parts, and an effective after sales support system in Burkina Faso.




Pidilite unveils adhesive manufacturing plant in Srilanka


Pidilite Lanka Pvt. Ltd., a JV between Pidilite and Macbertan Pvt. Ltd. strengthening its presence, unveiled a new state-of-the-art adhesive manufacturing plant in Polgahawela in North Western Province of Sri Lanka. Pidilite Lanka Pvt. Ltd. has earmarked over `200 million as an investment towards the plant. Spread over four acres, the plant will further strengthen Pidilite's position in the adhesive market in Sri Lanka and enhance its market share. This will be an environment-friendly plant with zero-discharge. The new facility is a testament to our commitment to Sri Lankan market.


The plant will initially manufacture adhesives, under the household brand Fevicol® and enhance the availability of our range across industries. In 2015, Pidilite Lanka acquired Chemifix, Sri Lanka's leading white adhesive brand in wood working, stationery and industrial segments. These brands reflect the company's objective to become even more customer-centric and performance oriented organisation in Sri Lanka.




SSWL Bags 18,000 Wheels Order from European Aftermarket


Steel Strips Wheels Ltd (SSWL) has bagged exports order to supply 18000 wheels to European Aftermarket. The supplies have to be made in August 2018 from SSWL’s Chennai unit. As per the company’s statement, the order augments SSWL’s strong presence in the competitive European Aftermarket for steel wheels. More orders are exected from these customers.




Indian firms eye $1-billion opportunity in non-critical works at Bangladesh’s N-project


Indian infrastructure and EPC companies are likely to participate in upcoming tenders for non-critical works at the $12.6-billion Rooppur Nuclear Power Plant (NPP) in Bangladesh, as construction of the second 1,200 MW unit of the plant kicked-off.


The ceremony, the first pour of concrete in Unit-2 of the Rooppur plant, was inaugurated by Bangladesh’s Prime Minister Sheikh Hasina. The project is being executed by the Bangladesh Atomic Energy Commission (BAEC) and Russia’s state-owned nuclear corporation Rosatom. Over 70 tenders for various non-critical works at Rooppur plant so far have been floated by ASE Group — formerly Atomstroyexport, an engineering division of Rosatom and the General Contractor for Rooppur NPP. The potential opportunity, according to sources, could be from $500 million to $1.2 billion spread across multiple contracts.


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