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

M & M sees tractor growth below 5% on poor rains, cyclones
DNMUM319145 | 11/1/2014 12:00:00 AM | Author : Yuga Chaudhari | WC :368

Mahindra & Mahindra (M&M), India's biggest tractor and utility vehicle (UV) maker, said the tractor industry growth is likely to be below 5% for the current fiscal year on account of below average and delayed monsoons, a climb down from its e
Add To LightboxCalculate Price

Suzlon posts operating profit for 3rd straight qtr
DNMUM319146 | 11/1/2014 12:00:00 AM | Author : dna correspondent | WC :121

Mumbai: Suzlon Group, the world's fifth largest wind turbine manufacturer, posted its third consecutive quarter of positive Ebitda at Rs 114 crore in the second quarter ended September 30, as against Rs 31 crore in the corresponding quarter of FY2014
Add To LightboxCalculate Price

BoJ stimulus, reforms trigger Sensex party
DNMUM319171 | 11/1/2014 12:00:00 AM | Author : dna correspondent | WC :492

Mumbai: Equities rallied on strong global cues on Friday, the first day of the new F&O series expiring on November 27, surging to new highs.
The NSE Nifty closed the day 1.87% or 153 points up at 8322.20 from its previous close, while the BSE Sens
Add To LightboxCalculate Price

Hike in excise duty on cigarettes fails to make a dent in ITC Q2 net
DNMUM319172 | 11/1/2014 12:00:00 AM | Author : Sumit Moitra | WC :470

Kolkata: Diversified conglomerate ITC Ltd, which derives half of its revenues from cigarettes, has successfully weathered the impact of excise duty hike, passing it on to consumers in August and proving once again that crave for the smoke is still pr
Add To LightboxCalculate Price