World number one bearings maker SKF plans to invest Rs 150 crore in a new ball bearings manufacturing plant at Haridwar, located in the northern state of Uttarakhand.

The proposed plant at Haridwar would be company's fifth unit in the country, which will supply products to companies like Hero Honda, Bajaj Auto, Tata Motors, Ashok Leyland and Mahindra & Mahindra.

In addition, the facility will also supply ball-bearings to Tata Motors for its Pantnagar plant and Bajaj Auto for its Rudrapur facility at a later stage.

Kilburn Engineering Ltd., a leading manufacturer of all type of Dryers and Drying Equipment in India, has entered into a MOU with Chemetall-Rai India Ltd. for buying about 8 acres of land at Goregaon (East), Mumbai for Rs 8.67 crore.

The above quoted price is exclusive of stamp duty, registration fees, site development expenses, MIDC charges etc.

The company intends to use the land for setting up a state-of-the-art manufacturing facility at the location which is expected to be operational from mid 2010.

Part of the US$ 2.5 billion plus Landmark Group, Emax, notified that it has selected Orion Enterprise solution, a subsidiary of 3i Infotech for providing IT solutions.

India-based 3i Infotech provides a range of information technology solutions for insurance, banking & finance, Capital Markets, Mutual Funds, e-Governance, manufacturing, and retail & distribution.

Uttam Galva, the leading steel manufacturer, which is presently going slow on expanding steel capacity considering the economic situation, has plans to spend Rs 400 crore in enhancing capacity of its service centre and adding new product mix over the next one year.

The company intends to fund the investment, largely through a mix of internal accruals and debt.

Presently, company's steel service centre has a capacity of 20,000 tonne. The facility is situated near its plant in Khopoli, Maharashtra.

India's Jindal Steel and Power, the third largest steel manufacturing company in India, expects to start producing gas in Bolivia in June this year, for export to Argentina.

A company official, who did not want to be recognized, informed that the gas supplies would come from a processing plant in the eastern province of Santa Cruz.

It should be noted that the company and its Bolivian partners began drilling at the El Palmar gas field at the end of March and have already invested around $7 million in the project.

Cryolor, French industrial gas tanks manufacturer and a 100 per cent subsidiary of Cryolor SA, has decided to set up a manufacturing facility near Chennai.

The plant would be setup at Melmaruvattur in Chennai, covering a built up area of 15,000 sq. m.

The company intends to pump an investment worth Rs 45 crore on the plant through its fully owned subsidiary Cryolor Asia Pacific.