The Hero plant, the first major industrial unit to be announced in the residuary State, is expected to provide direct employment to 3,000 people and indirect employment to another 6,000.
Hero MotoCorp today entered into an MoU with the Government of Andhra Pradesh for setting up a two-wheeler manufacturing plant in Chittoor district. Under the memorandum of understanding, the Delhi-based two-wheeler maker will invest Rs 1,600 crore on the main plant at Satyaveedu that will produce 1.8 million two wheelers in a phased manner.
Another Rs 1,500 crore will be invested on ancillary units, according to Hero General Manager (Corporate) Rakesh Vashisht.
The State Government has allotted 600 acres of land to Hero for the plant and the allotment letter was handed over to Vashisht by Industries Principal Secretary J S V Prasad in the presence of Chief Minister N Chandrababu Naidu, Union Ministers P Ashok Gajapathi Raju (Civil Aviation) and Piyush Goyal (Power) and others here today.
The Hero plant, the first major industrial unit to be announced in the residuary State, is expected to provide direct employment to 3,000 people and indirect employment to another 6,000.
Meanwhile, the Chief Minister handed over a provisional letter of allotment for 1,103 acres of land to DRDO for setting up a unit at SR Puram mandal, Chittoor district. Details of the project were not announced but Naidu said the premier defence organisation would invest Rs 600 crore in the project.
A provisional letter of allotment was also handed over to Society for Applied Microwave Electromagnetic Engineering and Research (Sameer), a Government of India entity, for 13 acres at Gambheeram village in Visakhapatnam district. Sameer will invest Rs 80 crore in the project, details of which were also not specified.
Hero Motocorp stock price
On September 17, 2014, at 09:20 hrs Hero Motocorp was quoting at Rs 2801.35, up Rs 10.05, or 0.36 percent. The 52-week high of the share was Rs 2842.60 and the 52-week low was Rs 1907.00.
The company's trailing 12-month (TTM) EPS was at Rs 106.33 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 26.35. The latest book value of the company is Rs 280.43 per share. At current value, the price-to-book value of the company is 9.99.
Anda sedang membaca artikel tentang
Hero MotoCorp to set up manufacturing unit in AP
Dengan url
http://sehatkafein.blogspot.com/2014/09/hero-motocorp-to-set-up-manufacturing.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Hero MotoCorp to set up manufacturing unit in AP
namun jangan lupa untuk meletakkan link
Hero MotoCorp to set up manufacturing unit in AP
sebagai sumbernya
0 komentar:
Posting Komentar