CARE assigns BBB, PR2 rating to MSP Steel & Power bank loans Dec 19, 2008
MSPL has embarked upon backward and forward integration projects comprising setting up of a structural re-rolling mill (capacity - 128,000 MTPA), pellet plant (capacity - 300,000 MTPA), laying of 132 KVA line and installing material handling systems at its existing plant site ... Operating margins improved due to increased capacity utilisation, higher AGSPR and benefits of backward and forward integration. (India Times)
Ultimate Game Card in Canadian Stores in Time for the Holidays Nov 12, 2008
One straight forward integration gives merchants all the PayByCash payment options, including Ultimate Game Card, the game industrys best known pre-paid card. PayByCash handles all foreign currency acceptance and alternate payment option customer support. (Yahoo! Wire -- Entertainment News)
Solar Explosives Sep 15, 2008
In light of SELs expansion plans and forward integration into the coal mining business, long-term investors can consider this stock. BUSINESS. (India Times)
Circle Of Life: Jubilant Organosys Jul 21, 2008
This is a strategic move towards forward integration, as it will help the company to enroll patients for its growing clinical trial services. GROWTH STRATEGY. (India Times)
Asit C Mehta puts 'buy' on Lakshmi Cotsyn Jun 17, 2008
The company by way of forward integration is setting up a new garment manufacturing facility to be commissioned by next fiscal. This foray in the high margin ready-made garment segment would help improve its margins. (India Times)
Vedanta in talks with 3 firms for steel foray May 26, 2008
The steel venture would be a forward integration for the group, which bought a controlling stake in iron ore miner Sesa Goa in April last year. Agarwal, who was in Karaikudi (about 550 km from Chennai) for laying the foundation stone for group company Sterlite Industries' Rs 100 crore aluminium fluoride plant, however, declined to name the companies with which his group is in talks. (India Times, India -- Intl Business)
Vedanta starts land acquisition for steel project in Orissa May 21, 2008
"This project will be like a forward integration for the group in Orissa as Sesa Goa has iron ore mines in the state which could be utilized for the project," sources said. Last year, Vedanta acquired Sesa Goa from the government. (India Times, India -- Intl Business)
NMDC to invest in steel unit Mar 18, 2008
NEW DELHI: Barely months after getting the Navaratna status, National Mineral Development Corporation (NMDC) is flexing its new-found corporate muscle to speed up forward integration. From mining iron ore, the state-owned major is leapfrogging into steelmaking by investing Rs 16,000 crore in a new plant in Chhattisgarh that will have an annual capacity of four million tonnes, government officials said. (India Times, India -- Intl Business)
XL Telecom building solar farms in Spain, Portugal Dec 27, 2007
To invest Rs 1,000 cr in the forward integration project ... Hyderabad, Dec. 26 XL Telecom through its subsidiary Saptashva Solar Ltd has firmed up a forward integration project to establish grid connected solar farms in Spain and Portugal with an investment of Rs 1,000 crore ... The company is now looking at forward integration project that would make it a systems integrator and also generator of power, according to Mr Vasudeva Rao, Executive Director of XL Telecom. (Hindu Business Line)
MSPL to invest over Rs 18K cr for capacity expansion Jul 10, 2007
"We will be investing about Rs 18184.50 crore in the next five years to increase mining capacity and fructify our business diversification plans, including setting up a five- million-tonne steel plant for forward integration," Executive Director MSPL Rahul N Baldota told media. He said the company would set up a one-metric-tonne steel plant in Koppal district in Karnataka and the board has approved an investment of Rs 4,500 crore in the first phase of the project. (India Times)
Textile park to help workers pick up threads of life Feb 1, 2007
Besides the specialised textile units, scene for general textile units in the city is not as rosy except for denim production with players like Arvind and Arvee making a mark with former using its production for forward integration by way of garments manufacture as well. Textile Ministry plan for textile upgradation fund for units wanting to restart is a good relief but the number of beneficiary units is small. (Ahmedabad Newsline)
Windows of opportunity Jan 31, 2007
The MRS include supporting services as well as Rckward integration process and other allied tasks," Phang said. "Marketing and distribution will constitute forward integration, providing foreign companies with assistance to enhance their operations, setting up hubs, etc," he said. Malaysia, he added, is concentrating on enhancing the value-added component in the supply chain process. Asked about competition from China and India and, to a lesser extent Vietnam, Phang said Malaysia needed to... (The Star Online, Malaysia -- Technology)
Canada's steel makers likely targets Jan 3, 2007
Instead, he said, it is a case of forward integration similar to Ipsco's $1. 5-billion (U.S.) acquisition last September of steel pipe and tube maker NS Group Inc. of Newport, Ky. (Globe and Mail -- Business)
