Noida

Gas leakage affects workers at Samsung's Noida Facility

Samsung

A suspected gas leakage from washing machine assembly plant of Consumer Electronics multinational Samsung in Noida Phase-II has caused panic across the region. The gas leakage affected more than 60 workers who were later rushed to the hospitals.

Condition of five works, as per hospital sources, is critical while some are out of danger and being discharged. The critical employees include Ajay Singh, Mona, Prem Shanker, Harsh, and Neeru.

Fedders Lloyd wins order worth Rs 110 crore

Noida-based Fedders Lloyd Corporation has secured an order worth Rs 110 crore from Ministry of Defence for supply and installation of Environment Control Systems.

Fedders Lloyd Corporation Limited engages in the production and sale of customized air-conditioner (AC) units in India.  

The scrip of the company closed today at Rs 41 on BSE, up 5% compared to previous close of Rs 39.

Indo Asian Fusegear bags order worth Rs 23 crore; Stock up 7%

Noida-headquartered Indo Asian Fusegear Limited (IAFL) has informed that the company has secured an order worth Rs 23 crore for the export of electrical distribution equipments, used in the distribution of power from West Africa.

Indo Asian Fusegear, Ltd. engages in the manufacture and marketing of electrical products in India The company also exports its products to European countries, as well as to neighboring countries, such as Nepal and Sri Lanka.

Roto Pumps secures export order worth AU$ 0.5 million

Noida-based Roto Pumps has secured an export order worth AU$ 0.5 million (Rs 2 crore) from Blue Water for their Water Desalination Project in Sydney, Australia.

Blue Water is a joint venture of John Holland Pty Ltd and Veolia Water Australia Ltd.

Roto Pumps Limited manufactures and distributes industrial pumps in India. Its products include progressive cavity pumps, twin screw pumps, and accessories. The company exports its products to the People's Republic of China, the Middle East, Far East Asia, and Africa.

Uflex to setup a greenfield project in Mexico with investment of $108 million

Noida-headquartered Uflex Limited would soon set up a greenfield project at Mexico for manufacturing polyester film. The capital outlay for the project has been pegged at 108 million dollars.

UFLEX LIMITED engages in the manufacture and marketing of packaging products. It serves customers in approximately 80 countries worldwide.

In February, 2008 the company has raised about Rs 358.12 crore through issue of shares and warrants on preferential basis to two Cyprus-based firms Tegraceen Holdings and Vesteffect Ltd.

Miscellaneous

Kansai Nerolac to invest rupees 600 crore in production enhancement

Kansai Nerolac to invest rupees 600 crore in production enhancement

One of the leading paint manufacturers in India, Kansai Nerolac Paints (KNPL) has said that it is going to infuse rupees 600 crore for enhancing its capacity. The increase is going to be to the tune of 50 per cent and will be done in the next three years time.

Besides this, the company is also going to appoint Bollywood star, Shah Rukh Khan as the new brand ambassador and he is going to promote the eco-friendly paints of the company.

Indian banks set to see outstanding mortgage of 40 trillion rupees

Indian banks set to see outstanding mortgage of 40 trillion rupees

The things are not going to be very rosy for the Indian banks in terms of mortgage. A report suggests that the total outstanding mortgage for the banks will be 40 trillion rupees by 2020. During this time, the margins will be forced to come down and that will put a lot of pressure on the profitability. This appeared in a report that appeared on Tuesday.