SKF India, the largest supplier of automotive bearings, has announced the postponement of its new manufacturing facility at Haridwar, which was to be set up at a cost of Rs 150 crore. 

Rakesh Makhija, Managing Director, SKF India stated “We have decided to postpone work at the Haridwar plant due to a slowdown in market demand. However, there is not much impact on the demand for industrial products and our Rs 300-crore investment in the other plant at Ahmedabad, which will make equipment for the industrial sector, is on track. The plant will be operational next year.”

State-run telecom major Bharat Sanchar Nigam Ltd has made announcement that the company has linked up with IT products company Novatium Solutions to offer Nova netPC enabled with the BSNL broadband. 
 
According to sources, the key factor that will allow broadband penetration is an affordable computing access device and Nova netPC provides the customers to get home a personal computer at just Rs 2,999.

Valecha Engineering announced that the company has pocketed two orders worth Rs 160 crore for construction-related work in Delhi and Mumbai.

The source close to the company said that first contract of Rs 110 crore has been bagged for a bridge project in Delhi.

Further, the company secured another project worth Rs 50 crore to execute the sky-walk projects in Mumbai.

According to reports, the sky-walk is an elevated walk-way connecting the railway station and points where there are high concentrations of pedestrians.

Bharat Forge Limited (BFL), the second largest forging company in the World and part of Kalyani Group – a US $ 2.4 billion conglomerate, intends to setup a joint venture company with Europe-based Alstom Group, for manufacturing state-of-the-art supercritical power plant equipment in India.