Untimely rain hits onion prices

GujaratRajkot (Gujrat), Jan. 3 : Unexpected rains have affected Rajkot''s onion crop severely causing a sharp rise in the prices of the product.

Just a month ago, onions were priced at seven rupees per kg. Now it is soared to 22 rupees per kilogram.

Untimely rains have also affected the production of the crop in other parts of Gujrat and Nashik and Maharashtra.

Rajesh Parekh, an onion trader blamed on the excess shortage of onions in various cities for the recent price rise.

Earlier the onion crop demand in the state used to be 5000 kg a day, but it has dropped to 1500 kg.

Elecon Engineering wins order worth Rs 22 crore; stock up 5%

Elecon Engineering wins order worth Rs 22 crore; stock up 5%Elecon Engineering Company Ltd, India's largest Material Handling Equipments, Industrial Gears and Transmission Products manufacturer has been awarded prestigious orders worth Rs 22 crore from Adani Power Ltd of Adani Group.

The scope of the order includes design, supply, erection, testing and commissioning of material handling systems at Mundra.

It may be noted that, In Decemeber 2008, Elecon Engineering bagged a similar order Rs 120 crore from Mundra port and Special Economic Zone of Adani Group.

CPM MP Hails `Investor-Friendly' Modi

CPM MP Hails `Investor-Friendly' ModiYoung CPM MP, A P Abdullakutty praised the Gujarat Chief Minister's industry friendliness, although the Marxists hate Narendra Modi.  

Abdullakutty, who represents the Marxist stronghold of Kannur in Kerala, spoke so while speaking at an interaction organized by the Indian Media Forum in Dubai.

UP On Top Against Gujarat

UP On Top Against Gujarat A well made 67 from Tanmay Srivastava facilitated Uttar Pradesh to reach 289 for eight in their second innings and virtually shut Gujarat out of the game on the penultimate day of the quarterfinal match.

At the end of the third day’s play, UP were 477 runs ahead with two second innings wickets in hand at Motibagh ground here.

Resuming at the overnight score of 76 for the loss of one wicket, young lad Suresh Raina fell victim to Parmar. Tanmay Srivastava (67runs, 149balls, 4 boundaries) played a patient knock but a doosra from Parmar saw the end of his courageous innings.

DGH approved GSPC's find in KG basin

DGH approved GSPC's find in KG basinThe Director General of Hydrocarbons (DGH) has declared certification for a gas discovery by the Gujarat State Petroleum Corporation (GSPC) in the Krishna-Godavari basin. The decision would help to make Gujarat, the gas hub of the country. Experts believe that the commercial value of approved Krishna-Godavari basin offshore block KG-OSN-2001/3 would be around $6 billion as per the prevailing market prices.

LNG Unit Capacity Raised By Gujarat Petro

LNG Unit Capacity Raised By Gujarat PetroFollowing a year after a slump in prices of metals used in construction, State-owned Gujarat State Petroleum Corp. (GSPC) has raised the capacity of its planned liquefied natural gas (LNG) terminal by 30% to 6.5 million tonnes (mt).

The GSPC is aiming to get the plant ready by 2013 at a cost of Rs3,000-3,500 crore. This has become possible as there had been sharp falls in prices of metals such as steel and nickel.