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7 Supreme Infra bags mega orders worth _ 1237 cr

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					                                                                                                         TRINITY MIRROR
                                                                                                     TUESDAY 21 AUGUST 2012                                                                                                                                       7
   Supreme Infra bags mega                                                                                                                  Euro woes tilt financial
    orders worth ` 1237 cr                                                                                                                  power in Asia's favour
                                                                                                                                                   London, Aug.21:           David Marsh, co-founder of a                      the euro zone crisis, where it owns
                  Chennai, Aug.21:        be executed in 12 months.                 Canals, Siwan, Bihar Work for
  Supreme Infrastructure India              3.      Work for construction on        construction of Roads and Canals              As European banks retrench to            forum in London that connects                       the country's sixth-largest bank,
Limited (SIIL), one of the most           Railway stations in Mumbai Work           from the Water Resources                   recover from the global financial           central banks and sovereign wealth                  Emporiki.
potential Infrastructure companies        for construction of providing roofing     Department, Siwan, Bihar. Order            meltdown, they are finding ready            funds with banks and asset                             "Distressed banks selling good
in India has successfully bagged a        on 2 railway stations in Mumbai.          size is Rs. 143 cr. The Company            buyers in Asia for everything from          managers, said the West no longer                   assets always happens in a crisis
series of thir teen new work              Order size is Rs. 4.14cr.                 has 62% stake in the project.              loans to entire insurance and               had a monopoly on innovation and                    like this. Banks which don't want to
orders.                                     4.      Work for construction of           9.    Work for construction of          broking operations.                         dynamism in financial services.                     raise capital by issuing new equity
  The projects range from the             Off Site Buildings in Himachal            Roads, Assam Work for                         There are other tell-tale signs of         But China was playing a long                      end up selling their offshore assets,
construction of water terminals to        Pradesh. Work for construction of         construction of roads on Kalitakuchi       a shift in power: this year's two           game, biding its time and waiting                   and typically they sell the crown
bridges and reservoirs. The value         off-site building's including V-sat       to Barpeta (length - 58.50 km) and         biggest initial public offerings after      for bargains. With plenty of bankers                jewels," said Ken Courtis, founding
of individual contract ranges from        Buildings, Trainee Hostels,               Bilasiparaq to Fakiragram (length -        Facebook were launched not in the           and traders being made redundant,                   partner of Themes Investment
Rs. 4.14 crore to Rs. 239.39 crore        Barracks, Canteen, Recreation             16.20km) in the state of Assam.            United States or Europe, but in             Chinese firms have the chance                       Management and a former vice-
which comes out to be Rs.1237.04          Centre, Stores, Office and Fire           Order size is Rs. 93.94 cr.                Malaysia.                                   gradually to build up teams and                     chairman of Goldman Sachs Asia.
cr on the whole.                          Stations in Himachal Pradesh for             10. Work for construction of               Yet perhaps what is more striking        expertise rather than making giant                     A clutch of other European
  Commenting on the same Vikram           NTPC. Order size is Rs. 40 cr.            Terminal Facilities at Mandwa,             is that, with one or two exceptions,        acquisitions.                                       financial institutions is also beating
Sharma, Managing Director,                  5.      Work for construction of        Mahrashtra Work for construction of        Asian financial firms are not doing           "They'll be much more clever than                 the retreat in Asia.
Supreme Infrastructure Ltd. said,         Terminal Facilities in Mumbai Work        terminal facilities for water transport    more in Europe itself to capitalize         simply buying moribund banks at                        Britain's Royal Bank of Scotland
"We are delighted to receive              for construction of terminal facilities   along east cost of Mumbai at               on the euro zone's festering debt           high prices: they'll be buying                      has offloaded some of its Asia-
increasing number of orders at a          for water transport along west cost       Mandwa. Project has been awarded           and banking crisis.                         people," Marsh said.                                Pacific investment banking
national level. We continue to grow       of Mumbai at Bandra - Versova.            by MSRDC. Order size is Rs. 68 cr.            Take China. The economy has                "What we're seeing now is just the                operations to Malaysia's CIMB
as a national infrastructure player       Order size is Rs. 239.39cr. Order is      Company has 40% stake in this              more than doubled in size in five           precursor of a much bigger shift                    Group Holdings Bhd, while ING is
thereby providing value to our            to be completed in 18 months.             project.                                   years. It has some of the biggest           that will take place over the next                  selling its $7 billion Asia insurance
investors".                               Company has 60% stake in this                11. Work for construction of            banks in the world.                         10 years, but it won't happen in one                business. Both banks had to be
  The details of the same are as          project.                                  Residential Tower, Bhubaneshwar,               And its appetite for snapping up        fell swoop."                                        bailed out by their governments
follows:                                    6.      Work for Construction of        Orissa. Work for construction of           natural resources is undiminished:            China has not been completely                     during the crisis.
  1.     Work for construction of         Bridges across Bankot Creek,              Basement + 13 storeys Residential          witness last month's $15.1 billion          asleep on the acquisitions front.                      Integrating independent-minded
Elevated Metro stations at Navi           Maharashtra Work for the                  Tower in the Bhubaneshwar, Orissa.         agreement by state oil company                Two Chinese private equity funds                  CLSA would be one of the biggest
Mumbai, Mahrashtra Work for               constrution of Bridges across             Order size is Rs. 33.60 cr.                CNOOC Ltd to buy Canada's                   are on the final shortlist of bidders               challenges for CITIC, Courtis said.
design, construction of 5 nos of          Bankot Creek on State Highway No.            12. Work for Reservoir at               Nexen Inc, the biggest foreign              for the asset management arm of                     Chinese financial institutions in
elevated metro station at Kharghar,       4. The contract has been awarded          Mukundupur, Kolkata Work for               acquisition to date by a Chinese            Franco-Belgian financial group                      general have a narrow bench of
Navi Mumbai.                              by PWD. Order size is Rs. 183 cr.         construction of Reservoir cum              company.                                    Dexia, a deal that could be worth                   executives with the right linguistic
  Project has been awarded by             The order will be executed in 30          pumping station at Mukundupur,                When it comes to the financial           500 million euros or more.                          and overseas management
CIDCO. Order size is Rs. 142 cr.          months                                    Kolkata under JNNURM scheme                sector, however, the glass is half-           And CITIC Securities has agreed                   expertise - one reason why they are
Order is to be completed in 20              7.      Work for widening of            from Kolkata Municipal Corporation.        empty, not half-full, said Andre            to buy CLSA Asia-Pacific Markets,                   initially beefing up their offshore
months. Company has 24% stake             Roads, Arunachal Pradesh Work for         Order size is Rs. 11.99 cr.                Loesekrug-Pietri, chairman of A             a highly regarded Hong Kong-based                   presence in more-or-less familiar
in the project.                           widening of roads, on NH-229 in the          13. Work for Reservoir at               Capital, a China-Europe investment          brokerage, from its French parent,                  Hong Kong, he said.
  2.     Work for Construction of         state of Arunachal Pradesh. Project       Anandapur, KolkataWork for                 fund.                                       Credit Agricole SA, in a two-stage                     "They don't have a lot of people
Data Centre Building for Vodafone         includes            strengthening,        construction of elevated service              "There's a front-cover story every       transaction worth $1.25 billion.                    who have experience managing big
India, Mumbai Work for construction       improvement and re-alignment of           reservoir at Anandapur, Kolkata            other month about China buying up             The deal is symbolic. Whereas                     international pools of capital,"
of Data Centre building at Navi           existing roads. Order size is Rs.         under JNNURM scheme from                   the world, but China is still a very        CITIC is China's biggest brokerage,                 Courtis said. "So they will do this
Mumbai for Vodafone India. Order          171.23 cr.                                Kolkata Municipal Corporation.             small player in international M&A,"         Credit Agricole is battling mounting                step by step. We'll continue to see
size is Rs. 101.25 cr. The order will       8.      Work for Roads and              Order size is Rs. 5.5 cr.                  he said.                                    losses in Greece, the epicentre of                  them move ahead slowly."


          Largest Benze workshop                                                                                                               Melbourne still ranked
             opened in Mumbai                                                                                                                    most liveable city
                  Mumbai, Aug 21:         Express Highway. AutoHangar,                 Equipped with sophisticated                                Chennai, Aug. 21:        and skilled and innovative                          Festival,      the      Melbourne
   Reiterating its core brand             Mumbai has highly qualified,              equipment and latest technology              Melbourne has been named the              workforce.” Baillieu said Melbourne                 International Arts Festival and of
philosophy of offering 'best or           experienced and dedicated team of         like remote sensing diagnosis used         most liveable city in the world,            rated highly in all of the EIU’s                    course the AFL Grand Final.
nothing', Mercedes-Benz India             committed personnel who will take         by Mercedes-Benz globally, the             claiming the title again. Premier Ted       criteria and received a maximum                       Australian cities dominated the
today inaugurated the largest ever        care of all the service requirements      workshop will be taking care of all        Baillieu has welcomed the latest            score in healthcare, education and                  rankings claiming four of the top 10
workshop by any luxury car                of Mercedes-Benz customers.               the servicing requirements of the          rankings published today by the             infrastructure.                                     spots.
manufacturer in India, at Andheri,          Mariwala said 'Increasingly the         customers of Mumbai and also               Economist Intelligence Unit’s (EIU)           “Melbourne has a vibrant                            Adelaide tied with Calgary for fifth
(East) in north-west Mumbai.              need for a world-class servicing          those from neighbouring cities,            Global Liveability Survey.                  multicultural community, a                          place while Sydney and Perth fell
   Spread over a massive covered          facility will define the way luxury car   under a roof, he said.                       “Melbourne has stolen the crown           renowned arts scene and world                       one place in the rankings to sixth
area of 1,00,000 sq ft, the new           purchase is going to evolve in India.        The workshop will provide round         from Vienna for a second year in a          famous food and wine as well as                     and eighth position respectively.
state-of-ar t     workshop         of     The customer today is mature and          the clock suppor t in service,             row,” Baillieu said. “This confirms         Australia’s best shopping and                         The EIU’s Liveability Ranking,
AutoHangar, Mercedes-Benz India's         demands world-class servicing             general repairs, body repairs, paint       what all Melburnians know:                  leisure opportunities,” Baillieu said.              part of the Worldwide Cost of Living
dealer partner in Mumbai, was             standard that is available to their       job, wheel alignment, wheel                Melbourne is not only Australia’s             “Our events calendar is packed                    Survey, assesses living conditions
inaugurated by Peter Honegg,              counterparts across the globe.            balancing, tyre change, car wash,          best city, it’s the best city in the        with iconic cultural and sporting                   in 140 cities around the world by
managing director and chief               AutoHangar's new workshop is yet          polishing and gamut of other               world.                                      events like the Spring Racing                       assigning a rating across five broad
executive of Mercedes-Benz India,         another step towards the aim of           servicing requirements, Mariwala             “We are envied by the rest of the         Carnival, the Australian Tennis                     categories of stability, healthcare,
and Mohan Mariwala, managing              providing our customers, an               added.                                     world for our vibrant lifestyle,            Open, the Grand Prix, the                           culture and environment, education
director of AutoHangar.                   unparalleled servicing standard that         Mercedes-Benz has the densest           competitive business environment            Melbourne International Comedy                      and infrastructure.
   Speaking on the sidelines of the       reflects           Mercedes-Benz's        network spread across 31 Indian
inauguration, Mr Honegg said '... The
new world-class workshop of
                                          philosophy of Best or Nothing.'           cities through its 72 touchpoints.
                                                                                                                                                 Remove fuel subsidy
AutoHangar has been designed and
                                          30% discount at Fastrack
created to provide a fascinating
'Mercedes-Benz experience' for the
customers.'
                                                            Chennai, Aug 21;
                                             Fastrack offers a cool 30% off on
                                                                                    occasion.
                                                                                      Staying in-style this season is
                                                                                                                                                   in phases: GSI
   The workshop has 54 servicing                                                                                                     New Delhi, Aug. 21:        gin with a small price hikeketing company.                                 The Centre has been re-
                                          its range of Genuine Leather Belts        now easy on your pocket with
bays capable of servicing 60 cars                                                                                                 Geneva-based Global           in 2012 and follow it up      GSI, which relied on                         peatedly trying to get
per day and employs 159 personnel         and Wallets.                              Fastrack’s offering of Genuine
                                             Grab your expertly crafted leather     Leather Belts starting at Rs 345 and        Subsidies Initiative (GSI)      with a cap on the number   studies by National Insti-                      states to cut down the tax
to take care of customer                                                                                                        has suggested that the          of cylinders that a house- tute of Public Finance and                      burden on consumers,
requirements. Strategically located       belt and wallet till September 2 at       Wallets starting at Rs 205 with
                                                                                                                                government should do            hold could get at a subsi- Policy ( NIPFP) and Teri                        something that most
in one of the most prominent places       a Flat 30% OFF. The wide range of         more than 300 products options to                                                                      to come out with its policy
                                                                                                                                away with political interfer-   dized rate in 2013. The idea                                               states are reluctant to do
of Mumbai at Saki Vihar Road,             Belts and wallets on discount make        choose from.                                ence in fixing diesel prices    is to phase out subsidies  prescriptions, also sug-                        as this is an easy source
Andheri (East), the new workshop          available to both guys and girls an         The offer is also available online;       and complete the decon-                                    gested that the current
                                                                                                                                                                over three to five years. Si-                                              of revenue for them.
of AutoHangar is easily accessible        exciting range of genuine leather         just log onto www.fastrack.in to            trol process in phases.         multaneously, the poor     practice of trade parity                          GSI has also suggested
from the West-East and Eastern            products perfect for every                know more.                                  The agency has sug-             could be given direct cash pricing - which fixes the                       reforms in the vehicle
                                                                                                                                gested that prices could        transfers.                 price based on how much                         taxation structure, again

           Maruti reopens Manesar                                                                                               be hiked by a rupee every
                                                                                                                                month till the subsidies are
                                                                                                                                phased out.
                                                                                                                                                                  Indian oil companies are
                                                                                                                                                                reeling under the burden of
                                                                                                                                                                selling petroleum products
                                                                                                                                                                                           a litre of petrol or diesel
                                                                                                                                                                                           would cost if 80% was
                                                                                                                                                                                           imported and 20% was
                                                                                                                                                                                                                                           an issue that has been dis-
                                                                                                                                                                                                                                           cussed for several months
                                                                                                                                                                                                                                           without action. The gov-

            plant amidst security                                                                                                 In case of cooking gas,
                                                                                                                                GSI, which is part of the
                                                                                                                                International Institute for
                                                                                                                                Sustainable Develop-
                                                                                                                                                                below the prevailing global
                                                                                                                                                                prices and this has al-
                                                                                                                                                                ready resulted in a record
                                                                                                                                                                loss of over Rs 20,000
                                                                                                                                                                                           produced domestically - be
                                                                                                                                                                                           replaced with export par-
                                                                                                                                                                                           ity pricing, which means
                                                                                                                                                                                           that the price in the inter-
                                                                                                                                                                                                                                           ernment has said that it
                                                                                                                                                                                                                                           was considering a pro-
                                                                                                                                                                                                                                           posal to levy higher excise
                                                                                                                                                                                                                                           duty on diesel cars to
       Manesar (Haryana), Aug.21: announced that only 300 permanent crore, while the overall production ment, has suggested that                                crore for IndianOil, the   national market will be the                     check people from run-
   Maruti Suzuki India today workers will resume work. Maruti loss during the lockout was pegged the government could be-                                       country's largest oil mar- sole criteria.Further, there                    ning vehicles on subsi-
reopened its Manesar plant amid Suzuki India (MSI) Chief Operating at around Rs 1,400 crore.                                                                                               is a suggestion to change                       dized fuel, which is meant
heavy security, a month after a Officer (Administration) S Y Siddiqui                      MSI has also decided to terminate
lockout was declared due to the had said yesterday that the workers services of 500 permanent workers,
                                                                                                                                       Bilcare inks deal                                   the tax structure and get
                                                                                                                                                                                           states to lower the levy.
                                                                                                                                                                                                                                           for poor households.
                                                                                                                                                                                                                                             PASSPORT LOST
violence in which one senior would operate just a single shift from who were allegedly found to be
company official was killed and 100 8 am to 4:30 pm.                                     involved in violence inside the plant.
                                                                                                                                       with United Drug                                    Alternatively, they could
                                                                                                                                                                                           be asked to raise their                           I have lost my original
                                                                                                                                                                                                                                           Passport bearing No. A
others injured.                                 Initially, about 150 cars are Besides, MSI is also said to be                            Mumbai, Aug 21:        customers across US, spending as higher prices                             8656085       issued      on
   Workers are standing in queue expected to be rolled out every day planning to remove another 500                               Pharmaceutical                Europe and Asia, it added. also result in higher rev-                      10.02.2000 by Regional
outside the factory gate to enter the instead of the plant's normal contract workers over their alleged packaging solutions                                                                enue flow for the states.                       Passport Officer, Chennai,
plant amid heavy rain. Haryana capacity of 1,500- 1,700 units. role in the violence and arson.                                  provider, Bilcare Ltd today                                                                                while I was traveling in a
                                                                                                                                                                             RCL FOODS LIMITED                                             M.T.C. Bus Route No.46 on
Police has provided 500 personnel, Production will be gradually ramped                     Prior to the incident, the plant had said it has signed an                                         Regd Office :                                8.5.2012. Those who find the
out of which 200 are inside the up at the plant, which has an annual an employee strength of 3,300, of agreement with Ireland-                                             No.84/85, Waltax Road, I Floor, Chennai-600 003.
                                                                                                                                                                                                                                           passport is/are requested to
plant and 300 in areas around the capacity of 5.5 lakh units.                            which 1,528 were permanent.            based United Drug Plc for                                       NOTICE                                     hand over the same to me.
facility.                                       The company had declared a                 To increase the workforce, the the sale of its global                   Pursuant to clause 41 of the Listing Agreement, notice is hereby
                                                                                                                                                                given that meeting of the Board of Directors of M/s. RCL Foods Limited
                                                                                                                                                                                                                                           Finders will be rewarded
                                                                                                                                                                                                                                           suitably.
   Besides, the company has also lockout at Manesar plant on July company will start fresh recruitment clinical supplies (GCS)                                  will be held on Tuesday the 28th day of August 2012, at No.84/85, 1st                              Usaa
formed its own special force 21 following the worst ever violence of permanent workers from businesses in the US and                                            Floor, Waltax Road, Chennai - 600 003 at 4.00 p.m, inter - alia to
                                                                                                                                                                                                                                             Daughter of Parthasarathy
                                                                                         September 2 and existing contract the UK for USD 61 million,
                                                                                                                                                                consider and take on record the Audited Financial Results of the Company
numbering 100, which includes ex- in its history on July 18.                                                                                                    for the Financial year ended 31st March 2012.                                  No.12/30, Ayyalu Street,
service men.                                    The plant suffered damages workers will also be considered for nearly Rs 340 crore.                                                                          For RCL FOODS LIMITED                          Vetri Nagar,
   The company had earlier estimated to be less than Rs 10 the same.                                                              As per the agreement,         Place: Chennai                                         Nitesh R Lodha                 Chennai- 600082
                                                                                                                                United Drug will acquire        Date : 20.08.2012                                  Chairman & Director            Mobile: 99621 69061
                                                                                                                                Bilcare's Global Clinical
        SHRI SHANTHINATH BENEFIT FUND LIMITED.,                                                                                 Supplies             (GCS)              SARAVANA BENEFIT FUND
                         (Central Government Approved Nidhi Company)                                                            businesses in the US and                       LIMITED
                  Registered Office : No.719, Nehruji Road, Villupuram - 605602.                                                UK for USD 61 million                       (Approved as ‘Nidhi’ Company by Central Govt.)
                                                                                                                                while Bilcare will retain its                                Regd Office:
                                      COMPANY NOTICE                                                                                                                 104, Rama Naicken Street, Nungambakkam, Chennai-600 034
    Notice is hereby given that the 18th Annual General Body Meeting of the company will be held                                GCS business in Asia, the                                       NOTICE
 at the Registered office of the company at the above mentioned address on 15th September
                                                                                                                                company said in a filing           It is hereby announced that the Twenty First Annual General Meeting
 2012 at 10.45 a.m. Register of members and the share transfer books of the company will be
                                                                                                                                with BSE.                       of the shareholders of the fund will be held at the Registered Office on
                                                                                                                                  Going forward, United         Wednesday 12th September 2012 at 10 a.m to transact the business
 closed from 9th September to 15th September 2012.                                                                                                              mentioned in the notice displayed in the fund.
                                                                                                                                Drug and Bilcare GCS
                                      (By order of the Board)                                                                   Asia will work together to         If any member wants any clarification on the annual report should
                                                                                                                                                                write to the company 7 days before the date of the meeting.
                                                     For Shri Shanthinath Benefit Fund Ltd.,                                    use their complementary         Place: Chennai                                    By Order of the Board
 Place: Villupuram                                                  A.Ramalingam                                                resources to meet the           Date : 20.08.2012                                    S.R.Sooryakumar
 Date : 15.08.2012                                                    Chairman                                                  needs of their global                                                                           Director

				
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