The FMCG major chose to take the acquisition route in South Africa as setting up a greenfield facility would have come at additional expenditure, said Dabur‘s Chief Executive Sunil Duggal. He added that revenues from South Africa stand at USD 10 million and the company is targeting USD 50 million in the next five years.
The acquisition will mark Dabur's entry into the South African personal care market, the company said in a statement.
Tim Henman said he would prefer to play on Calcutta South Club grasscourts than Wimbledon since it has changed to 100 per cent Perennial Ryegrass in 2001. "Earlier it used to be a lot faster and stayed a little bit low. But the grasscourts in Wimbledon became 100 percent Ryegrass which has much harder bearing.
"The CTL project was linked with the coal block. If the coal block is gone, then the project is gone," JSPL Chairman Naveen Jindal told PTI in an interview. JSPL was allotted Ramchandi Promotional Coal Block, with an estimated reserve of 1,500 million tonnes on February 27, 2009 for the project.
Jindal Steel and Power today said that getting mining license for the Ramchandi coal mine located at Angul, Odisha is critical for the company‘s upcoming Coal-To-Liquid (CTL) plant.
Orissa government today approved nine new projects, including coal-to-liquid (CTL), steel and aluminium units involving investment of Rs 1,36,000 crore.