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Bhilai
Steel Plant Becomes World's Longest
Rail-Maker
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Bhilai
Steel Plant, the world's largest
rail-maker, has now become the only
unit in the world capable of despatching
260-metre-long rails. The largest
plant of government-owned Steel
Authority of India Ltd (SAIL) on
Wednesday commissioned a state of
the art long rail welding machine
or flash butt welding machine, which
was inaugurated by its MD RP Singh.
With this the plant has completed
its Rs 400-crore long rail project.
"This facility, completed ahead
of schedule, is one of the finest
examples of project implementation.
The technology is nothing less than
world-class," said a senior official
of the plant located in Chhattisgarh.
"With this, Bhilai joined a select
group of most advanced long rail-makers
in the world," he said and added,
"this would facilitate the Indian
Railways to have tracks on which
higher speed trains can glide safely
and smoothly." All the rails produced
in the rail and structural mill
of Bhilai are ultrasonically tested
online. "We are using the best rail
finishing technology and equipments.
We have extensive automation and
computer control facilities for
rail finishing and despatch. All
these make Bhilai's long rail finishing
facility the world's best," he said.
Railways around the world are switching
over to the use of longer rails
without weld joints, to enhance
the load capacity, speed and passenger
comfort while ensuring safety and
reducing operating and maintenance
costs. Bhilai, the sole producer
of rails for Indian Railways, is
already despatching 130-metre-long
rails by joining two rails of 65-metre
each. It has also supplied 78-metre
single piece long rails to the Railways.
Courtesy:
The Financial Express, February
24, 2005
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Indian
IT Firms Hiring US Execs on Generous
Terms
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Top
Indian information technology companies
are recruiting American executives
on salaries and bonuses very generous
even by American standards, in order
to expand in the American market
as also to improve efficiency at
home, reports said. The growing
financial clout of Indian software
giants and other Indian outsourcing
companies is allowing Indian companies
to woo western executives, especially
with higher salaries, the Wall Street
Journal said in a report. In one
recent case, says the paper, an
Indian company offered an American
executive a base salary of $350,000
per annum plus a potential bonus
of $2 million over two years to
join its US operations, according
to an executive with knowledge of
the deal. The executive's salary
at his US company was $300,000 annually
plus stock options equal to around
$1.2 million over four years. US
companies, meanwhile, say they are
competing aggressively with Indian
companies for both talent and market
share. American company EDS has
nearly 3,000 workers in India focusing
on software development and back-office
duties, and expects to add 2,000
more this year.
Courtesy:
The Economic Times, February 23,
2005
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