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
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.
Caparo's business interests span Britain, Europe, the US, India and West Asia.
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
Lord Paul made reference to Caparo's factory in Singur.
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.
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.
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.
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'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.
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.
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 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.
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.
Angad Paul, son of NRI industrialist Lord Swraj Paul, has died after falling from his penthouse home in central London.
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.
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.
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 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.
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.
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.
In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday opened a $40 million steel plant.
Lord Swraj Paul's Caparo Group on Monday announced further expansion of its operations in India which will include new automobile spare parts manufacturing plants in Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.\n\n
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."
NRI industrialist Lord Swraj Paul is the second richest British Asian with business interests largely based in the UK, next only to Mike Jatania, head of the Lornamead cosmetics group.
Asking Indian entrepreneurs not to fear competition, Caparo Group Chairman Lord Swraj Paul said the country has a 'great place' in the globalisation provided it allowed the reforms process to move faster.
Madhya Pradesh Chief Minister Babulal Gaur is leading a five member delegation to Chicago, New York via London from 25th September 2005 to attract foreign investment in Madhya Pradesh.
NRI industrialist Lord Swraj Paul said he is "very bullish" about India and his Caparo group is planning to add six new auto ancillary plants in the country in the coming months.
The marriage was solemnised near the statue of Lord Paul's daughter Ambika, who died of leukaemia in 1968.
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
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