You are here: Home >> English News & Features >> Business & Economy

TBEA to set up transformer plant near Vadodara

DNAHM44212 | 5/27/2011 | Author : DNA Money Correspondent | WC :262

The Chinese company plans to invest `2,300 crore for the plant

China's largest manufacturer of high voltage transformers, Tebian Electric Apparatus Stock Co Limited (TBEA) plans to set up high-voltage electric transformers and solar power equipment manufacturing plant near Vadodara.
A delegation of the Chinese company met chief minister Narendra Modi in Gandhinagar on Thursday, and discussed their plans for the state.
TBEA Transformer Industrial Group chairman Zhang Xin, and TBEA Shenyang Transformer group chairman Ye Jun, submitted papers related to their planned project to the chief minister. They said they were happy to participate in the state's development.
They revealed that construction work was planned to start in September, while the plant would be commissioned by September
Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Business & Economy

Foreign investors not to be put on MAT
DNMUM343794 | 9/2/2015 12:00:00 AM | Author : Praveena Sharma | WC :533

New Delhi: Finance minister Arun Jaitley on Tuesday said the government had decided to accept the AP Shah panel recommendation to not retrospectively levy minimum alternate tax (MAT) on foreign financial investors (FIIs) and foreign portfolio i
Add To LightboxCalculate Price

Sensex sheds 587 points on US rate uncertainty, China
DNMUM343817 | 9/2/2015 12:00:00 AM | Author : dna correspondent | WC :382

Mumbai: Indian bourses on Tuesday reflected the negative global sentiment with key indices — NSE Nifty and BSE Sensex — shedding over 2% by the end of the day.Nifty closed 2.33% or 185.45 points lower at 7785.85, while Sensex shed 2.23% or 58
Add To LightboxCalculate Price

'Crop failure in Guj a real threat'

DNAHM90274 | 9/2/2015 12:00:00 AM | Author : dna correspondent | WC :213

Ahmedabad: Even as monsoon sowing in Gujarat is trying to match its previous average, experts fear for crop failure if it doesn't rain in the next 10 days. Groundnut, so far sown over 12.24 lakh hectare, is in dire need of fresh rains. So far 80.97 l
Add To LightboxCalculate Price

Gold imports increase by 46% in August
DNAHM90275 | 9/2/2015 12:00:00 AM | Author : dna correspondent | WC :213

Ahmedabad: A sharp fall in prices of the precious yellow metal lead to an increase in its imports. Gold imports at Ahmedabad airport increased by more than over 46% from July this year and stood at 15.78 metric tonnes (MTs) for August 2015, states a
Add To LightboxCalculate Price