Hindalco Orissa refinery start delayed to March
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in Orissa by the end of March 2013, a company official said on Wednesday. The plant, in Orissa’s Rayagada district, was scheduled to start operations in January, but has been delayed due to slow progress of project work. “We hope to commission the plant by end of March,” SK Mishra, a senior advisor at Utkal Alumina International, a wholly-owned unit of Hindalco, said. Hindalco’s bauxite mining in the state, which was scheduled to start in October 2012, has also been delayed and may start by the end of this month, Mishra said. The company initially aims to mine 4.3 to 4.4 mtpa of bauxite for the refinery, though it has permission to mine 8.5 million tonnes.
India is reviewing Dreamliner safety: DGCA
India is reviewing the safety situation of Boeing Dreamliners and will also talk to component makers of the US aircraft but there are no plans to ground the planes, the aviation regulator said on Wednesday. “We are not having any problem with our Dreamliners. The problems we had earlier were fixed,” Arun Mishra, Director General of Civil Aviation, told Reuters. Air India owns six Dreamliners. “We are reviewing the situation now ... we will have to talk to component companies,” Mishra said.
Cognizant bags 5-year Robobank contract
IT major Cognizant has announced that it has been selected by Rabobank to deliver a broad portfolio of application services to drive operational efficiencies and improve productivity. The finanicial details of the deal were not disclosed. Under the five-year agreement, Cognizant will provide application development, maintenance, and testing services to Rabobank, leveraging its consulting capabilities and proven financial industry expertise. Cognizant will combine its global talent base to help Rabobank reduce the total cost of ownership, and ensure quality and consistency across its applications portfolio. Cognizant optimise Robobank’s strategic IT investments.
Jindal Steel & Power ends Afferro takeover talks
Jindal Steel & Power ended talks to buy Afferro Mining after assessing its Cameroon iron ore reserves and will negotiate instead with two other African miners, said two people with knowledge of the matter. India’s most valuable steelmaker may have to invest as much as $2 billion to build railway lines and related infrastructure for the project, which it now judges to be too expensive, said the people, who asked not to be identified, citing