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Sep 07, 2016 at 17:50 | Source: PTI
Covestro AG, which was formerly apart of Bayer Material Science, sees India as a formidablepart of its APAC (Asia Pacific countries) growth strategy, asenior company official said.The German polymer major Covestro officially separatedfrom the Bayer Group last year and has successfullyestablished itself in the international capital market with abig stock market flotation."Covestro strongly believes in the APAC (Asia Pacificcountries) region; especially India which has been witnessinga double-digit growth. India comprises roughly 20 per cent ofour APAC revenues and it will be a formidable part of theCovestro growth strategy in the region," Covestro's ChiefFinancial Officer Frank Lutz told reporters here.Though China accounts for over 50 per cent market sharein APAC (Asia Pacific countries), the future growth willcome from other countries, especially India, he said.Covestro is looking at India as a growth driver incoming years and expects robust rise in demand for itspolymers."India is a growing market and holds lot of promise.The three key industry verticals driving the growth forpolymers and polycarbonates in India are automotive followedby IT and electronics and home furnishing. Automotive industrycontributes approximately 25 per cent of our revenues in thecountry," Covestro India Managing Director Ajay Durrani said.This one year of being an independent entity has helpedCovestro evolve as a global manufacturer, he said.Covestro supplies polymers especially polyurethanes andpolycarbonates and other specialty chemicals to key industriesaround the world, such as the automotive, construction,electronics, furniture, sporting goods and textilesindustries.As part of major expansion plans, Covestro India hadcommissioned a second line for production of thermoplasticpolyurethanes (TPU) in Cuddalore in Tamil Nadu last year,thereby increasing the capacity of the site to 6,000 metrictonnes from its current capacity of 2,500 metric tonnes.Durrani said, "The investment in Cuddalore is a testamentto the confidence that the company has in the country. BayerMaterialScience is now even better positioned to meet thestrong global and local demand for TPU."Over the past 12 months, Covestro AG has completed acomplex transformation process.Lutz, said the first year for Covestro as an independententity has been busy with the materials manufacturer clockinga strong net year-on-year income growth of 51 per cent. "The continued dynamic core volume growth stood at 7.7per cent year-on-year. EBIDTA has also significantly improvedby over 18 per cent and all debts taken from the parentcompany - Bayer have been repaid in full," he said. Covestro has 30 production sites around the globe andemployed approximately 15,700 people (full-time equivalents)as of the end of the second quarter of 2016..
Apr 08, 2016 at 15:00 | Source: PTI
"Various prospective investors including public sector companies such as IOC have sought information on the project," Nagarjuna Oil said in a stock exchange filing. "These prospective investors have been provided with the information sought from time to time."
Apr 07, 2016 at 14:26 | Source: PTI
IOC has held preliminary discussions on a possible equity stake in the project, highly placed sources said.
Feb 05, 2016 at 15:06 | Source: Moneycontrol.com
Nagarjuna Oil Refinery is in discussion with various potential Investors who have shown interest in investing in the 6 million tonnes petroleum refinery project of Nagarjuna Oil Corporation Limited (NOCL) at Cuddalore in Tamil Nadu, where the Company holds 46.78% of the equity share capital.
Nov 23, 2015 at 13:23 | Source: PTI
"The company has temporarily suspended the production, as directed by the government authorities," the company said in a filing to BSE.
Jul 15, 2015 at 12:12 | Source: Moneycontrol.com
City Union Bank has opened new branch at Vadalur, Cuddalore district.
Feb 06, 2015 at 09:35 | Source: Moneycontrol.com
TANFAC Industries at its meeting held on February 03, 2015, have considered and approved to hold an Extraordinary General Meeting of the shareholders of the Company on March 03, 2015 at 11.30 a.m. at the Registered Office of the Company at Cuddalore.
Nov 15, 2014 at 16:30 | Source: PTI
Mining operations have been partially affected due to excessive rainfall in Cuddalore district since November 12 and pumping out of excess water from the mines is in progress, the company said in a stock exchange filing.
Jul 07, 2014 at 09:17 | Source: Moneycontrol.com
TANFAC Industries has considered and approved to convene the Extraordinary General Meeting of the Members of the Company at 4.00 P.M. on August 13, 2014 at the Registered Office of the Company at Plot No.14, SIPCOT Industrial Complex, Cuddalore - 607005
Jul 07, 2014 at 09:17 | Source: Moneycontrol.com
TANFAC Industries has considered and approved to convene the Extraordinary General Meeting of the Members of the Company at 4.00 P.M. on August 13, 2014 at the Registered Office of the Company at Plot No.14, SIPCOT Industrial Complex, Cuddalore - 607005
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Nagarjuna Oil  

incorporated under the Companies Act, 1956 with registered office at No.53, RK Salai, Mylapore, Chennai - 600 004, involved in setting up a 6 million tonnes oil refinery at Cuddalore in Tamil Nadu aggregating to 46.78% of its equity share capital.

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of thermoplastic polyurethanes (TPU) in Cuddalore in Tamil Nadu last year, thereby increasing the capacity of the site to 6,000 metric tonnes from its current capacity of 2,500 metric tonnes. Durrani said, "The investment in Cuddalore is a testament to the confidence that the company has in the country. Bayer

5.50 PM Sep 7th

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in Thiruvallur, Bengaluru, Puducherry, Nagapattinam, Trichy, Madurai, Ramnathapuram, Tuticorin and other centres along the route. Demand centres such as Chennai, Cuddalore, Villupuram, Kanchipuram, Vellore, Madurai, Chittoor and Kolar will also be fed through the pipeline. IOC said the 12.5 mmscmd of demand

7.02 PM Feb 7th 2013

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Morgan Ind  

23rd Annual Genera Meeting (AGM) of Morgan Industries will be held on February 11, 2013 at 12.15 P.M. at the Registered Office of the Company at C-2, SIPCOT Industrial Complex, Cuddalore - 607 005.

1.50 PM Feb 6th 2013

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City Union Bank  

City Union Bank has opened the new branch at Panruti, Cuddalore District on February 01, 2013.

1.41 PM Feb 6th 2013

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City Union Bank  

City Union Bank Ltd has informed BSE that the Company have opened the branch at Panruti, Cuddalore District on February 01, 2013.

1.36 PM Feb 6th 2013

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Tanfac Ind  

operations were impacted by cyclone `Thane which crossed Cuddalore coast on 30th December 2011 resulting in stoppage of the plants for more than 30 days during the last quarter of previous accounting year. Expenses incurred for repair of property and loss of materials were classified as extraordinary items

12.25 PM Feb 2nd 2013

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cuddalore waav elam therinchu vachirkinga...

1.00 PM Feb 1st 2013

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Nagarjuna Oil  

Few facts about NORL - The project which is progressing in Cuddalore in Tamilnadu is NOCL. Nagarjuna Oil Refineries Limited and Nagarjuna Oil Corporation Limited are two different companies. NOCL is not listed in BSE or NSE. But NORL is listed in both the exchanges. The face value of NORL is Rs1

1.19 PM Jan 29th 2013

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Source:The Hindu BusinessLine - Chennai, Jan 22: DMK President M Karunanidhi today “strongly” condemned the ban against entry of PMK founder S Ramadoss into Madurai and Cuddalore districts, saying it was “anti-democratic.”“While it is fact that Ramadoss speaks beyond limits, it is condemnable

12.43 PM Jan 23rd 2013

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