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Excavators production to be doubled :Yutaka Goto

Hyderabad, Apr 21 (UNI) The Excavators production would be doubled over next two-and-half years period, Kobelco Construction Equipment India (KCEI) Private Limited Managing Director and CEO Yutaka Goto said.
Talking to newsmen after launching the Generation 10 model SK220XD/SK220DLC in the 20-24 tons segment here today, Mr Yutaka along with Advisor (India &South Asia) Vikram Sharma said that the company’s present production was about 2000 units, (160 units per month) with the existing facilities After expansion, it would be increased to 20 per cent over the next six months and later it would be doubled over a period of two and half years period.
They said that the company revenue was about Rs 1000 crore during 2016-17 and was expecting 20-25 per cent growth during 2017-18.
The high end excavators concerned KCEI was number one in India and has 27 per cent market share. In overall including Mini, middle and high end excavators, KICEI has 10 per cent market share, they said.
They said that the Indian construction industry market size was USD 3.5 billion with the growth rate of 39 per cent.
Mr Yutaka said that Kobelco has launched its Excavators in India here along with Automotive Manufacturers Private Limited (AMPL) in 2007. After completing successful 10 years in India, Kobelco was now launching its Generation 10 model, again here with strong message “Power meets efficienty”. “ The SK220XD/SK220XDLC meets the needs of most punishing mining sites and come with a wide range of excellent value additions to make it a more obvious choice for the discerning customer”. he said.
AMPL Executive Director Rajiv Sanghavi said “Combination of network, rich quality product like Kobelco and coupled with value proposition by offering customized solutions to our customers has helped us to create a machine park of 900 plus in Andhra Pradesh and Telangana”.
UNI VV CS 1756
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PM suggests renaming Kandla port after Deendayal Upadhyay

PM suggests renaming Kandla port after Deendayal Upadhyay

Ahmedabad, May 22 (UNI) Prime Minister Narendra Modi today suggested that Kandla Port be renamed as ‘Deendayal Port Trust’, to commemorate the birth centenary year of Pandit Deendayal Upadhyay, founder of Jana Sangh.

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22 May 2017 | 10:48 PM
Radha Mohan Singh assigned additional charge of Food & consumer affairs due to indisposition of Ramvilas Paswan

Radha Mohan Singh assigned additional charge of Food & consumer affairs due to indisposition of Ramvilas Paswan

New Delhi, May 22 (UNI) Agriculture Minister Radha Mohan Singh was today given additional charge of the Ministry for Food and Consumer Affairs due to the indisposition of Mr Ram Vilas Paswan, a Rashtrapati Bhawan communique said.

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22 May 2017 | 7:49 PM
Cong, Rahul say BJP ruled states descending into chaos, allege that NDA targetting those with different views, different ideologies

Cong, Rahul say BJP ruled states descending into chaos, allege that NDA targetting those with different views, different ideologies

New Delhi, May 22 (UNI) Expressing concern over the lynching of six persons by villagers in Jharkhand a few days ago, the Congress today said that BJP ruled states were descending into chaos and lawlessness and alleged that the NDA Government at the Centre was targetting those with different views and different ideologies.

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22 May 2017 | 8:56 PM
Delhi Court sentences Ex-Coal Ministry Secretary HC Gupta, others in coal scam case

Delhi Court sentences Ex-Coal Ministry Secretary HC Gupta, others in coal scam case

New Delhi, May 22 (UNI) A local court today ordered two-year imprisonment term to Former Coal Secretary H C Gupta and two Senior Government Officials K S Kropha and K C Samaria for irregularities in the allocation of a coal block.

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22 May 2017 | 10:29 PM
Jagdish Tytler refuses to undergo polygraph test in 1984 anti-Sikh riots case

Jagdish Tytler refuses to undergo polygraph test in 1984 anti-Sikh riots case

New Delhi, May 22 (UNI) Congress leader Jagdish Tytler today refused to undergo polygraph test in a 1984 anti- Sikh riots case, in which he was earlier given a clean chit by the Central Bureau of Investigation (CBI) on three occasions.

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22 May 2017 | 10:17 PM
Triple talaq case: AIMPLB files affidavit in SC

Triple talaq case: AIMPLB files affidavit in SC

New Delhi, May 22 (UNI) After various petitioners approached the apex court seeking to strike down triple talaq, the All India Muslim Personal Law Board (AIMPLB) today filed an affidavit in connection with the case.

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22 May 2017 | 5:44 PM
CBI court issues production warrant against former MP Mohammed Shahabuddin

CBI court issues production warrant against former MP Mohammed Shahabuddin

Muzaffarpur, May 22 (UNI) Special CBI court issued production warrant against RJD strongman and former MP Mohammed Shahabuddin here today in connection with the infamous senior journalist Rajdeo Ranjan murder case.

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22 May 2017 | 9:08 PM

Chinese paper applauds anti-spy efforts after NY Times report CIA sources killed

23 May 2017 | 2:40 AM

BEIJING, May 22 (Reuters) An influential state-run newspaper applauded China's anti-espionage efforts today after The New York Times said China had killed or imprisoned up to 20 CIA sources, hobbling US spying operations in a massive intelligence breach.

Porto coach Nuno leaves after one season

23 May 2017 | 2:37 AM

LISBON, May 22 (REUTERS) Porto coach Nuno Espirito Santo has left the club by mutual consent after one season in charge in which they finished runners-up, the former European champions said today.

JPCC celebrates 26th death anniversary of former Prime Minister Rajiv Gandhi

21 May 2017 | 6:22 PM

Ranchi, May 21 (UNI) The Jharkhand Pradesh Congress Committee today paid floral tributes to former Prime Minister Bharat Ratna late Rajiv Gandhi on his 26th death anniversary which was celebrated by the party as ‘Shahdat Diwas’.

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