JINDAL GROUP: WHITHER COREX TECHNOLOGY
Article Abstract:
The OP Jindal group has implemented Corex technology in Jindal Vijaynagar Steel Ltd. The first Corex module was scheduled to start operations by March 1997 and the second module by September 1997. The integrated steel plant was to have a capacity to produce 1.25 million tonnes of hot rolled coils per annum. The total cost of the project, which was originally estimated at Rs33,000 million, has now shot up to over Rs50,000 million. The first Corex module, which only started operations in August 1998 due to cost and time overruns, stopped functioning in October 1998 due to power problems. The second Corex module has now been rescheduled to start operations in October 1999. (khr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
BFL SOFTWARE: A REVIEW
Article Abstract:
BFL Software has 6 strategic business units - Compaq Development Centre, Systems and Networking Group, IBM and Y2K Group, Applications Group, Tandem Solutions Group and Products Group. It has set up a 100 percent subsidiary in USA and earns 85 percent of its revenues through it. It is focusing on enterprise resource planning implementation, e-commerce and consultancy services. Its fifth development centre in Bangalore will start operations soon. It recorded sales of Rs46.43 crore and a net profit of Rs11.20 crore in the first half of 1998-99. Its operating profit margin was 33.1 percent. (rk/kvr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: SOFTWARE RECORDS Rs5,090 CRORE EXPORT REVENUE. SOFTWARE EXPORTS BEAT RECESSION
- Abstracts: INFOSYS TECHNOLOGIES. CORPORATE FORECAST: INFOSYS
- Abstracts: INDO GULF CORPORATION LIMITED. IPCL PLANT GOES ON STREAM
- Abstracts: RIL FORMS JV WITH CARTER BURGESS FOR ROAD PROJECTS CREST SCRIPTS TIE-UP WITH TIME-WARNER IBM PLANS TO SET UP E-BUSINESS SCHOOL IN RAJASTHAN
- Abstracts: THE INDIAN SOFTWARE (SUCCESS AND SOB) STORY: THE IMPEDIMENTS. KARNATAKA PLANS 2,500MW LNG-BASED POWER PROJECTS