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B-Gyan

Weekly Newsletter

29 September 2010 – 05 October 2010

Power & Energy | Finance | FMCG | IT & Telecom | Manufacturing



B-Gyan Newsletter 29.09.2010-05.10.2010 1

POWER & ENERGY

Goldman funds acquire Endesa's Spanish gas assets for $1.1 bn news

Italian energy giant Enel SpA's Spanish subsidiary Endesa SA has agreed to sell 80-per cent stake in

its arm Endesa Gas SA to two infrastructure funds operated by global investment and securities

major Goldman Sachs for approximately €800 million ($1.1 billion).

< http://www.domain-b.com/finance/banks/goldman_sachs/20100929_gas_assets.html >

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World’s Largest Solar Energy Facility powers upAn 80MW photovoltaic project in Sarnia, Canada, is now fully operational and is supplying energy to

Ontario's power grid. The project is expected to make enough energy from sunlight to power 12,800

homes, its owner Enbridge Inc said. Enbridge bought the 20 MW Sarnia project from First Solar, the

world's biggest solar company by market value, last year in an agreement in which First Solar

remained as the project's operator. The two companies then expanded the project's capacity by 60

MW.

< http://www.pv-tech.org/chip_shots/_a/sarnia_hits_80mw_first_solar_enbridge_open_worlds_largest_for_now_ph

otovolt/ >

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Big Players to enter LED manufacturingEnergy majors including ONGC Ltd. and NTPC Ltd., and some other players will enter the LED

manufacturing market. This will ensure the technology breaches the price barrier through scale up in

production. LED lamps are solid state lighting devices that utilise light emitting diodes as a source of

illumination instead of electrical filaments or gas and hence cuts down heavily on energy

consumption. Besides they do not contain mercury associated with CFLs.

< http://www.thehindubusinessline.com/2010/10/04/stories/2010100451720200.htm >

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Moser Baer Photo Voltaic: Reducing solar cell breakage from laser to shrink

wrapMoser Baer Photo Voltaic overcame the problem of damage to the delicate photovoltaic cells

through the manufacturing process by devising an in-house solution to win the Qimpro quality

award for manufacturing at the 22nd Qimpro Convetion

< http://www.domain-b.com/companies/companies_q/qimpro/20100929_moser_baer.html >

_________________________________________________________________

Power Grid's ` `̀ ` 8,600-crore follow-on share sale set for NovemberState-run power distribution utility Power Grid Corp will come out with a follow-on public offer of

shares worth around ` 8,600 crore (around $1.9 billion) in the first half of next month.

<http://www.domain-

b.com/companies/companies_p/Powergrid_Corporation/20100929_share_sale.html >

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JPMorgan's PE arm to invest ` `̀ ` 160 cr in Rohan LifescapesThe private equity arm of JPMorgan Chase & Co is likely to invest ` 160 crore in the first phase of the

city-based Rohan Lifescapes. JPMorgan’s arm will get around 26% stakes in the project and the deal

is likely to fetch 24-25% internal rate of return a year.

The first phase of the project will entail development of 700,000-800,000 sq ft residential

apartments on a vacant plot that is part of the 8.2 acre. The project, to be launched in January, will

have 1,200-1,800 sq ft apartments priced at an initial offer rate of ` 18,000-20,000 a sq ft.

< http://economictimes.indiatimes.com/news/news-by-

industry/banking/finance/finance/JPMorgans-PE-arm-to-invest-Rs-160-cr-in-Rohan-

Lifescapes/articleshow/6661494.cms >

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IDFC plans to triple loan book in next 3-4 yrsIDFC, a leading 33 year-old knowledge-driven financial services company in India which went public

in 2005, is planning to triple loan book in the next three to four years. IDFC achieved a PAT (Profit

After Tax) of ` 11 crore last year and are looking at a 35-40 per cent CAGR in the coming years.

IDFC launched the firms’ first long-term tax-free infrastructure bonds on September 30 and will be

open for subscription upto October 18, 2010. The bonds will be listed after the five-year lock-in

period is over. Each of these bonds has a face value of ` 5,000 and an investor can get income tax

rebate of upto ` 20,000 under section 80 CCF, which was introduced in the Finance Act 2010- over

and above all the prevailing deductions.

< http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/IDFC-

plans-to-triple-loan-book-in-next-3-4-yrs/articleshow/6651848.cms >

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FMCG

Dabur to take franchise route to expand retail ventureConsumer goods firm, Dabur India Ltd will start adopting the franchise route for its stores 'Newu'

and explore smaller format stores in order to expedite expansion. It is also trying express or smaller

formats that have quick turnaround time, besides focusing on 'beauty' as a category, as it looks to

break even in the next two years.

Franchise: A type of license that a party (franchisee) acquires to allow them to have access to

a business’s (the franchisor) proprietary knowledge, processes and trademarks in order to allow the

party to sell a product or provide a service under the business's name. In exchange for gaining

the franchise, the franchisee usually pays the franchisor initial start-up and annual licensing fees.

<http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/Dabur-to-take-

franchise-route-to-expand-retail-venture/articleshow/6629688.cms >

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Intex Technologies to foray into television segmentInformation technology devices maker will enter colour television and LCD TVs segment, currently

dominated by Korean majors Samsung and LG, within this month. The company will sell productsunder the 'Intex' brand which will be priced up to 10 per cent less than brands that are currently

leading the market. The highly competitive Indian television market is currently dominated by

brands such as LG, Samsung, Sony, Videocon and Panasonic and Onida.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/durables/Intex-

Technologies-to-foray-into-television-segment/articleshow/6583970.cms >

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ADF Foods acquires US-based Elena's Food SpecialtiesADF Foods Ltd, a leading packaged Indian food provider, today said that it has entered into an

agreement to acquire a substantial portion of the assets of Elena Food Inc. Elena is a US-based

manufacturer and marketer of organic and natural products and a leading provider of protein-based

Mexican foods in the natural and organic category. It clocked a turnover of USD nine million in 2009.

ADF will acquire all significant assets and certain liabilities of Elena's for an agreed consideration, a

press release issued here stated, without, however, mentioning the amount.

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/food/ADF-Foods-

acquires-US-based-Elenas-Food-Specialities/articleshow/6658054.cms >

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Sweden's IKEA pitches to enter IndiaSwedish home furniture giant pitched on Monday for fast-growing to open up its huge retail market

to foreigners and said it planned more stores in emerging market giant China. India's tight

investment rules restrict overseas retail firms to "back-end" wholesaling -- except for single-brand

outlets such as Nokia or -- to protect local, family-run stores which fear being driven out of business.

Currently 51% is allowed in single brand retail category.

The privately-held IKEA, which uses its profits as a means to invest in social programmes, could also

help with upgrading Indian production technologies in such areas as textiles, plastic goods and other

products.

<http://economictimes.indiatimes.com/news/news-by-industry/cons-

products/durables/Swedens-Ikea-pitches-to-enter-India/articleshow/6594887.cms>

____________________________________________________________________

Godrej Security looking at 75% market share in 5 yearsGodrej Security Solutions (GSS), part of the $3 billion Godrej Group, is targeting a 75 percent market

share and a turnover of ` 1,000 crore (2013-14) from ` 500 crore targeted this year for the security

division. A division of the Godrej & Boyce Manufacturing Company, GSS launched Defender Z+ Safes

in the city. The total security market in the country is around ` 600 crore now.

GSS, which has 23 branches with 650 dealers across the country, clocked a turnover of ` 400 crore

last year.

Of the total turnover, export comprises 12 percent, which the company plans to take to 15 percentthis year by focusing more on countries like Britain, Germany, Scandinavian countries and Russia

along with Africa and the US

< http://economictimes.indiatimes.com/news/news-by-industry/cons-products/durables/Godrej-

Security-looking-at-75-market-share-in-5-years/articleshow/6684007.cms >

____________________________________________________________________




IT & TELECOM

Skype eyes integration with FacebookSkype is eyeing integration with Facebook. The Facebook-Skype deal will integrate messaging, voice

chat and Facebook Connect if signed. This association will boost up the user base of Skype by

providing a global interface. The integration of Skype and Facebook shall be beneficial to both as

Skype’s global reach will increase and Facebook will be able to utilize Skype’s efficient

communication tools.

< http://itvoir.com/portal/news/News/Skype-eyes-integration-with-Facebook-8-326.asp >

____________________________________________________________________

Microsoft sues Motorola over patent infringementMicrosoft sued Motorola over patent infringement of Android devices. The world’ largest software

maker, Microsoft, claimed that Motorola infringed nine of its patents in the new Android-based

smart phones.

Motorola strained its relationship with Microsoft by shifting towards Google's free Android as a

more suitable and luring option. The patents filed by Microsoft relate to synchronizing e-mail,

calendars and contacts, scheduling meetings and notifying applications of changes in signal strength

and battery power as reported.

< http://itvoir.com/portal/news/News/Microsoft-sues-Motorola-over-patent-infringement-8-

335.asp >

____________________________________________________________________

TCS, Infosys, Wipro in race for IRDA IT projectIndian IT giants, including TCS, Infosys and Wipro, have been shortlisted by insurance regulator IRDA

for financial bidding to implement its enterprise resource planning (ERP) system.

Besides TCS, Infosys and Wipro, two other firms Mahindra Satyam and Deloitte have also been

selected for the financial bidding, which is the third phase of the ERP technical tendering process.

< http://economictimes.indiatimes.com/infotech/software/TCS-Infosys-Wipro-in-race-for-IRDA-IT-

project/articleshow/6684886.cms>

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Attrition in Indian IT firms seen easingIndian IT firms are likely to get a breather from high attrition levels in the coming quarters as effects

of pay hikes and stable project pipelines kick in.

The sector, one of the biggest employers in Asia's third-largest economy, has seen firms scramble for

skilled employees following a rise in outsourcing demand but has also been hit by increased attrition

levels.

<http://economictimes.indiatimes.com/infotech/ites/Attrition-in-Indian-IT-firms-seen-

easing/articleshow/6671098.cms>

____________________________________________________________________

Tata communications to acquire SuntelTata Communications Ltd is set to acquire Sri Lanka's second largest land based telephone

company, Suntel Ltd. TCL (formerly VSNL), which was acquired by the Tatas following the

government's divestment in 2002, has received the approval of the government, which still owns

26% stake in the company, for the proposed acquisition.

< http://timesofindia.indiatimes.com/tech/news/telecom/Tata-communications-to-aquire-

Suntel/articleshow/6683583.cms>

____________________________________________________________________




MANUFACTURING

IVRCL Infrastructure and Projects bags ` `̀ ` 1,119.76 crore orderIVRCL Infrastructure and Projects various divisions have won orders worth ` 1,120 crore from sectors

including power and transportation. The company's water division bagged the highest ` 451 crore

orders, followed by ` 440 crore by building divisions, ` 136 crore by transportation division and ` 92

crore by power division.

IVRCL group is a diversified conglomerate with presence in road, water, power, oil and gas and

building segments.

< http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-

svs/construction/IVRCL-Infrastructure-and-Projects-bags-Rs-111976-crore-

order/articleshow/6684809.cms>

____________________________________________________________________

With no govt deals L&T's defence unit may face lossLarsen & Toubro (L&T), which has invested ` 2,500 crore to manufacture ships for the defence sector

in Kattupalli in Tamil Nadu, faces the prospect of loss on its investments in the absence of

government orders. The government is placing the order for manufacturing warships to public sectorfirms and importing submarines from foreign countries.

The Indian defence sector has planned to spend ` 4,50,000 crore on military equipment in the next

10 years. India imports 70% of its defence requirements, while the remaining is produced by

Defence Public Sector Undertakings (DPSU) or its collaboration entities.

< http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/With-

no-govt-deals-LTs-defence-unit-may-face-loss/articleshow/6681021.cms >

____________________________________________________________________

Ultratech September sales up 2.71 pc to 28.47 lakh tonnesAditya Birla Group firm Ultratech Cement's sales rose by 2.71 per cent to 28.47 lakh tonnes in

September this year, compared to the corresponding period of the previous year. Production also

increased by 2.91 per cent to 28.19 lakh tonnes during the month in comparison to September,

2009.

< http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/cement/Ultratech-

September-sales-up-271-pc-to-2847-lakh-tonnes/articleshow/6684120.cms >

____________________________________________________________________




DuPont to invest $100 mn to step up R&D hereUS-based chemicals giant DuPont plans to invest up to $100 million (approximately ` 452 crore) over

the next three years to expand its research and development (R&D) unit in Hyderabad. DuPont is

targeting revenue of $1 billion from its Indian business by 2012, compared with $500 million in 2009.

The proposed investment in India is part of DuPont’s global growth plans, termed as ‘megatrends’

within the company, that include tapping growth in emerging markets, increasing food productivity

and decreasing dependence on fossil fuels and security solutions business. DuPont is focusing more

on emerging economies as developed countries struggle to emerge from the recession.

< http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/Maruti-

develops-hybrid-SX4-with-25-more-fuel-efficiency/articleshow/6644996.cms >

____________________________________________________________________

Punj Lloyd subsidiary bags ` `̀ ` 614 crore orders from Singapore' PUBInfrastructure major Punj Lloyd’s subsidiary Sembawang Engineers and Constructors Ltd, bagged

water treatment project contracts worth ` 614 crore from Singapore's national water agency PUB.

The project is for construction of a new 60 million imperial gallons of water (MIGD) waterworks at

Lower Seletar at the junction of Western Road Link and the Seletar Expressway in Singapore.

< http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/construction/Punj-

Lloyd-subsidiary-bags-Rs-614-crore-orders-from-Singapore-PUB/articleshow/6664621.cms >

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bgyan17_29sept_05oct

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