MId Day 11-02-11

NEWS

December industrial output up 1.6 pct y/y – govt

Industrial output in December rose a slower-than-expected 1.6% from a year earlier. Manufacturing output, which constitutes about 80% of the industrial production, rose an annual 1%. Industrial output grew 10.4% in the 2009/10 financial year, faster than the 2.8% clocked in the previous fiscal year. (Source: Reuters)

RIL set to roll-out USD 30 bn mega capex plan

Reliance will invest USD 10-12 billion in petrochemicals, and USD 10-15 billion on exploration and development of oil & gas discoveries in India and US shale gas. It will invest USD 4.5-4.7 billion in telecom, where it has already pumped in USD 2.8 billion on 4G license and spectrum. (Source: Money Control)

Hero Honda lines up Rs 1000 cr for new biz plans

Hero Honda has hired a global agency for a new branding and has lined up approximately Rs 1000 crore investments in FY12. Investment will be done in phases and the money will be pumped in rebranding exports market entry for distribution, new network and service chains.           (Source: Money Control)

Lanco to invest 3,000 cr in solar photovoltaic unit

Lanco will invest 3000 crore to set up a solar photovoltaic manufacturing unit with an annual capacity of 250 MW for local sales and exports to Europe and USA. The manufacturing unit shall be fully commissioned by 2014. (Source: Money Control)