GCETMBA.com - Business News Update


Bilt Promotes 5,000 Indian Tree Farmers With Business Call To Action Initiative
Press Release BILT PROMOTES 5,000 INDIAN TREE FARMERS WITH BUSINESS CALL TO ACTION INITIATIVE New Delhi, India, 2 June 2010 - Ballarpur Industries Limited (BILT), an Avantha Group company and India's largest pulp and Paper Company, today announced that it is joining the Business Call to Action (BCtA) with its commitment to promote the economic and environmental sustainability of 5,000 low-income pulpwood tree farmers in two states in India. The commitment to the BCtA, a global partnership of business leaders that apply their core business expertise and technology to tackle poverty, will promote inclusive growth and sustainable development as well as contribute to the Millennium Development Goals, eight internationally-agreed goals which seek to alleviate poverty.
Lav Kumar Shelat Earns Certification as a Global Professional In Human Resources
Lav Kumar Shelat Earns Certification as a Global Professional In Human Resources. Lav Kumar Shelat, Group Vice President-Human Resources, Avantha Group recently earned certification as a Global Professional in Human Resources (GPHR).
Andhra Pradesh Paper Mills Ltd commences Paper Machine 6 (PM 6) commercial production at its Unit in Rajahmundry
Andhra Pradesh Paper Mills Ltd (APPM), one of India's largest pulp and paper producers today successfully started commercial production from Paper Machine 6 (PM 6) at its Unit APPM in Rajahmundry. Currently, the Voith made machine imported from Salach, Germany has a paper production capacity of 67,000 Metric Tons per annum of UFS (Uncoated Free Sheet) and Copier Grades. However, with some modifications, the machine can be scaled up to manufacture an additional 20,000 Metric Tons per annum. With the startup of this machine, the company will now have close to 250,000 Metric Tons of Pulp and Paper manufacturing capacity.
HNG signs a joint venture with OMCO - world's leading glass mould manufacturers
Hindusthan National Glass & Industries Ltd (HNG), one of the frontrunners in the Indian packaging industry with more than 60% dominant market share in glass packaging and a turnover of Rs 1500 crore, today signed a joint venture with Belgium based OMCO International NV, world's leading glass mould manufacturers. According to the venture, OMCO and HNG will have a 50:50 shareholding pattern and will jointly set up and operate mould manufacturing facilities in India under the name of OMCO HNG Engineering Ltd. for designing, manufacturing, marketing and sales of moulds for glass packaging products like beverages, liquor, food, pharmaceutical and cosmetic use.
Kraft Paper Industry in a crisisAppeals to Government for abolishing customs duty
The Kraft Paper Mills in Southern India are on a brink of collapse, because the price of imported raw material ie Brown grades has gone up from US $ 170 to 290/t and it is likely to go up further.
BILT Unaudited financial results for H1 FY 2009 - 2010*
BILT H1 FY 2010 PAT at Rs. 1024 million; BILT H1 FY 2010 PBT at Rs. 1319 million; BILT H1 FY 2010 Revenues at Rs 16855 million; BILT H1 FY 2010 Paper Revenues increase 16.61 % to Rs. 14975 million
Raw Material Price hitting Kraft Paper Mills
Govt of India needs to act
BILT MD R.R. Vederah Ranked 7th in RISI Top 50 Power List
Ballarpur Industries Ltd. (BILT), India's leading paper manufacturer and flagship of the US$ 3 bn Avantha Group, today announced that Mr. R.R. Vederah - Managing Director, BILT, has been ranked 7th in the global pulp & paper industry's top 50 power list.
BILT's Audited Consolidated financial results for FY 2008 - 09 and Q4 FY 2009
BILT's full year PAT at Rs. 1879 million; BILT's Q4 FY 2009 Revenues at Rs. 7243 million; BILT's full year Revenues at Rs. 28247 million; Dividend declared @ 25 %
Avantha's Sabah Forest Industries presented with SmartWood Verified Legal Origin Verification Statement
Sabah Forest Industries (SFI), Malaysia, a subsidiary of Ballarpur Industries Limited (BILT) and part of the US$3 bn Avantha Group, has been presented with a SmartWood Verified Legal Origin (VLO) Verification Statement by Rainforest Alliance.
Kobian unfurls the latest designs of iXA Laptop Bags
Expands iXA Laptop Bag Range
Blackstone Group Company, Graham Packaging acquires 22% stake in PPI Blowpack
Graham Packaging, a Blackstone Group Company and a world leader in packaging, has acquired 22% stake for an undisclosed amount in PPI Blowpack, a leading Indian manufacturer of plastic containers.
Gautam Thapar conferred with 'LAKSHMIPAT SINGHANIA - IIM, LUCKNOW NATIONAL LEADERSHIP AWARD'
Gautam Thapar, Group Chairman & CEO, Avantha Group received the Young Leader Award in the Business category at the prestigious Lakshimat Singhania - IIM Lucknow National Leadership Awards ceremony at Vigyan Bhawan.
BILT 9M FY 2009 PAT at Rs. 1311 million
BILT 9M FY 2009 PAT at Rs. 1311 million BILT 9M FY 2009 PBT at Rs. 1957 million BILT 9M FY 2009 Revenues at Rs 21004 million BILT 9M FY 2009 Paper Revenues increase 11.76 % to Rs. 19417 million Ballarpur Industries Limited (BILT) today announced its financial and operating results for 9M FY 2009 and Q3 FY 2009.
Karmayog CSR ratings acknowledges BILT amongst top 1000 largest Indian Companies for CSR Initiatives
Karmayog CSR ratings acknowledges BILT amongst top 1000 largest Indian Companies for CSR Initiatives; BILT amongst top 10 in Karmayog Corporate Social Responsibility Ratings of 1000 largest companies in India - 2008; BILT's CSR initiatives recognised
Dun & Bradstreet Acknowledges BILT as a Leader amongst Top 500 Indian Companies
Dun & Bradstreet Acknowledges BILT as a Leader amongst Top 500 Indian Companies; BILT amongst the top Indian companies recognized by Dun & Bradstreet-Rolta Corporate Awards 2008; BILT named top Indian company in the paper sector by Dun & Bradstreet, India
BILT to provide care and management to HIV+ patients in Orissa
BILT to provide care and management to HIV+ patients in Orissa; Launches Anti Retroviral Therapy centre in district Koraput; Centre to work as public-private partnership entity; the first such unit in the district
Abhishek Industries Introduces Branded Agro-Based Copier Paper Products
Abhishek Industries Limited (AIL), flagship of the Rs 2500 crore Trident Group has emerged as one of the world's largest agro-based producer of printing paper and as part of its strategy to move up the value chain, the company has launched its own brands of copier paper—Spectra and My Choice.
MWV Consumer & Office Product and Ballarpur Industries Limited Partner
MWV Consumer & Office Products and Ballarpur Industries Limited Partner to Bring Planning and Organizational Solutions to the Indian School and Office Products Industry FiveStar®, DayRunner® and Cambridge® Solutions Now Available in the Indian Consumer Marketplace
Ballarpur Industries Limited Unaudited financial results for H1 FY 2008 - 2009
BILT H1 FY 2009 PAT at Rs. 1265 million; BILT H1 FY 2009 PBT at Rs. 1627 millionBILT H1 FY 2009 Revenues at Rs 14181 million BILT H1 FY 2009 Paper Revenues increase 10.64 % to Rs. 12842 million
Nightingale launches corporate diaries for 2009
Nightingale of Srinivas Fine Arts has unveiled exquisite variants of Corporate diaries & Management diaries or the year 2009. The diary collection is based on innovative ideas, cutting edge technology and superior quality materials that help one plan corporate as well as personal engagements
BILT Unaudited financial results (consolidated) for Q1 FY 2008 - 2009
BILT's Q1 PAT up by 4.7% to Rs. 764.7 million; BILT's Q1 Paper Revenues up by 17.3% to Rs. 7718.2 million
Metso to supply pulp equipment worth EUR 14 million (Rs 92 crores) to Tamil Nadu Newsprint and Papers Ltd.
Metso will supply a new cooking plant and brown stock washing equipment for bagasse based mill Tamil Nadu Newsprint and Papers Ltd., situated in the province of Tamil Nadu in India. The modernized brown stock process, which will replace two minor existing brown stock lines, will be taken into operation in early 2010. The value of the order is close to EUR 14 million (Rs 92 crores) and it will be included in Metso Paper´s orders received.
Statement from Mr. Gautam Thapar - Chairman & CEO, Avantha Group
Statement from Mr. Gautam Thapar - Chairman & CEO, Avantha Group - "The controversy surrounding the Nano Project is very unfortunate.
BILT Audited Consolidated financial results for FY 2007 - 08 and Q4 FY 2008*
BILT's full year PAT up by 19.06% to Rs. 3036 million; BILT's Q4 FY 2008 Revenues up by 13.20% at Rs. 8304 million; BILT's full year Revenues up by 19.90% at Rs. 30259 million; Dividend declared @ 35 %
Avantha Group announces appointment of Ash Gupta as President - Group Strategy and Business Planning
Appointment to enhance focus on Corporate Planning and Strategy
Naandi to help 12,000 tribals to produce Fair Trade and Organic certified coffee; renews pact with GoAP
Naandi Foundation, a new generation social sector organization, with support from the Government of Andhra Pradesh (GoAP) will help 12,000 tribal farmers in Araku Valley, Visakhapatnam district to produce Fair Trade and Organic certified coffee over the next 3 years. Naandi, the Tribal Welfare Department, GoAP and the Integrated Tribal Development Agency (ITDA) entered into a tripartite agreement here today in the presence of Shri Jairam Ramesh, honorable Minister of State for Commerce, Ministry of Commerce & Industry, Government of India .
BILT features amongst top 10 companies with active CSR initiatives
Survey conducted by TNS India and The Times Foundation
BILT launches Research & Development for the Pulp & Paper industry
Research & Competency Division (RCDP) to provide R&D services for the Pulp & Paper Industry; Announces appointment of Mr. R Varadhan to head RCDP
All India Bandh by Corrugated Box Manufacturing Units
All India Bandh by Corrugated Box Manufacturing Units 350 plus Corrugated box makers in AP demand higher prices