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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in Indonesia to support its business expansion in the country, the business daily Bisnis Indonesia quoted the company's top official as saying Tuesday.
The expansion move was supported by promising heavy equipment demand in Indonesia for coal mining and construction sectors. To support the expansion, BEML Limited established PT BEML Indonesia.
V.R.S. Natarajan, the chairman and managing director of BEML Limited, said that a fund worth $44 million was allocated for its marketing office construction and spare part depot as well as for a product services centre in Balikpapan in East Kalimantan province.
"Currently, India buys coal from this country and we want Indonesia to buy heavy equipment from India. We have close historical relationship with Indonesia. So, we are a neighbour that wants to maximise business potential with Indonesia," he said in the sidelines of PT BEML Indonesia inauguration Monday.
BEML Limited was formerly known as Bharat Earth Movers. The group's principal activity is to manufacture mining and construction equipment, railway rolling stocks, metro and defence equipment and trading.
Source:Economic Times
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Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
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