Lord Paul, founder of the UK-based Caparo Group of industries, had been taken ill and hospitalised recently, where he passed away surrounded by members of his family.
From the bylanes of Jalandhar to a regular name in the annual 'Sunday Times Rich List', Lord Swraj Paul, who died on Thursday evening in London aged 94, was one of the most well known NRI entrepreneurs and philanthropists.
Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal.
Caparo India, part of the Caparo Group owned by Lord Swraj Paul, is keen on entering the aerospace sector in a big way, a top company official said in Chennai on Thursday.
Caparo T1 super car, produced by NRI industrialist Lord Swraj Paul's Caparo Group, has been described as the "fastest car ever made" by Topgear, the award-winning BBC programme. In terms of sheer vehicle performance, Caparo T1 is capable of reaching 100mph in five seconds, with a top speed exceeding 200mph depending on the adjustable aerodynamic.
Lord Swraj Paul's Caparo Group has announced a major expansion of its operations in India with the addition of three automotive components manufacturing plants.
Lord Swraj Paul-owned Caparo Group on Friday announced entry into the power generation business through a joint venture with Finland-based Wartsila at a project cost of Rs 1.15 billion
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
Sunil Pahilajani, managing director and CEO, Caparo India, said that the plant, which will operate as a wholly-owned subsidiary of Caparo India, under its division Caparo Vehicle Products India, will commence production in the final quarter of 2008-09. Caparo signed the technical support agreement with Hyundai Motor on Monday evening. The facility to be set on 20 acres will employ 200 people to start off with.
Lord Swraj Paul promoted Caparo Engineering India has entered into a joint venture with Japan-based Marubeni Itochu Steel Inc to set up an automotive blank manufacturing unit near New Delhi.
Lord Swraj Paul's Caparo group has planned to set up a Rs 200 crore (Rs 2 billion) automobile parts manufacturing plant at Bhiwadi industrial area in Alwar district of Rajasthan.
London-based steel major Caparo Group aims to ramp up its India operations so that it accounts for 10 per cent of the group's global production by 2010, by when it expects total turnover to reach almost $2 billion. \n
London-based NRI industrialist Lord Swraj Paul's Caparo Group on Friday announced a tie-up with the prestigious Carnegie Mellon University of the US to establish a university near Delhi.
China is on the radar of NRI industrialist Lord Swraj Paul led Caparo Group which is willing to "go to any extent" to invest in India as the opportunities open up. Caparo, predominantly a steel products and engineering giant, already has a joint venture with a Chinese company and buys and sells industrial products in China. The group also has an office in Shanghai.
NRI industrialist Swraj Paul-owned Caparo Group, a key vendor for Tata Motors' Nano project, is setting up a Rs 120-crore (Rs 1.2 billion) facility at Singur to supply sheet metal and vehicle frames for the world's cheapest car -- due for commercial launch later this year.
The UK-based Caparo group has four running plants in India with a total turnover of Rs 250 crore (Rs 2.5 billion) at present. The group is targeting a turnover of Rs 1,000 crore (Rs 10 billion) by 2008.
Angad Paul, son of NRI industrialist Lord Swraj Paul, has died after falling from his penthouse home in central London.
Caparo's business interests span Britain, Europe, the US, India and West Asia.
Lord Paul made reference to Caparo's factory in Singur.
The group issued a statement clarifying its financial health. It said the reports in the UK media questioning its financial health were based on 2008 calendar year results and its current state had improved significantly.
After signing a MoU with NRI industrialist Lord Swraj Paul's Caparo group for setting up new manufacturing facilities in Madhya Pradesh at an estimated cost of Rs 80 crore.
The super car will come at a price tag of £150,000 (approximately Rs 1.17 crore) and will have all the features of a racing car.\n\n
The $1.5 billion UK-based Caparo group, specialising in the manufacture and supply of engineering and steel products, is planning to set up an aerospace component park in Tamil Nadu. The park will involve an investment of about Rs 300 crore (Rs 3 billion) and offer a range of component solutions to the aerospace industry.
Purwar was chairman of SBI between 2002 and 2006. During his career at India's largest bank, Purwar held several senior positions including managing director of the State Bank of Patiala and Chief Executive Officer for Tokyo.
The company, which has opened an exclusive showroom in Gurgaon, plans to open more showrooms in metros and mini metros in the coming months, the company said in a statement.
'And because she was very close to Indira Gandhi, she was close to me.' 'Sonia is a wonderful person'
Gupta has expressed an intent to buy Port Talbot, Britain's biggest steelworks
NRI industrialist Lord Swraj Paul will undertake a fortnight-long visit to India beginning Friday to take stock of the fast growing operations of Caparo automobile plants and assess further investment prospects in the country.
The Calcutta high court on Friday quashed a criminal case against NRI industrialist Lord Swraj Paul and his son Angad Paul in relation to shares of Caparo Maruti Limited.
M D Jindal, brother-in-law of NRI industrialist Lord Swraj Paul, has been summoned by a Delhi court re in connection with a forgery case filed against him by Caparo Maruti Ltd.
In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday opened a $40 million steel plant.
Paul is among the wealthy who hold legal accounts in Swiss HSBC Bank.
Paul, Chairman of the Caparo Group of industries, said he was delighted to announce that the police "has informed me that after due consideration, it will no longer be proceeding with any investigation or inquiry in relation to my House of Lords expenses."
The land taken by Tata Motors at Singur for the erstwhile Nano car factory, and by the many companies who invested there to be vendors to the project, isn't set to change hands anytime soon.Tata and the vendors both say they plan to hold on to the lease titles, even as Trinamool Congress chief and Union railway minister Mamata Banerjee and the West Bengal government continue with their political posturing over a plan for a rail coach factory at the location.
The Hinduja brothers, who run the multinational Hinduja Group conglomerate with interests across automotive, real estate and oil, moved up from third position last year to top the UK's billionaire charts this year.
NRI business tycoon Lord Swraj Paul has suggested that industrialisation is key to improving economic prosperity of locals. Singur was a good beginning for the industrialisation process of West Bengal. The car project will be beneficial for the local people as it would generate employment. Caparo Engineering India, the Indian subsidiary of Caparo Group UK, is putting up an auto component plant near the main plant of Tata Motors. It will make the body structure for Tata Nano.
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