Metso will own 60 percent and Wärtsilä 40 percent of the joint venture. It is estimated that in 2008 the consolidated annual pro forma net sales of the joint venture would be approximately EUR 130 million and the number of employees approximately 200.

Through this joint venture, Metso Power, a leading boiler technology company, and Wärtsilä Biopower, a leading modularized power plant supplier, will combine their resources and expertise in sustainable energy production. The technology offerings of the two businesses − Wärtsilä’s grate and Metso’s fluidized bed combustion technologies − are complementary and enable solution offerings for a wide range of fuels in power plants.

“The general market outlook for the energy industry and especially for renewable energy production is promising. With Metso and Wärtsilä now joining forces, we will have enhanced capabilities to build and develop new technologies and solutions,” says Lennart Ohlsson, President of Metso Power.

“Fuel flexibility will be an important competitive edge in the future, and the joint venture will be well positioned to meet this challenge. We expect that there will be a high demand for the products, services and expertise of the combined entity,” says Christoph Vitzthum, Group Vice President, Wärtsilä Power Plants.

The demand for power plants capable of running on renewable fuels has increased as a result of high energy prices and increased global energy consumption. The European Union target to increase the share of energy based on renewables to 20 percent of primary energy by 2020 is a major factor behind this joint venture.

Metso’s Heat & Power business consists of Noviter Oy and VEÅ AB, both subsidiaries of Metso Power. The business unit employs approximately 100 people in Scandinavia, the Baltic countries and Russia. Metso Power designs and manufactures power generation and chemical recovery systems for energy producers and the pulp and paper industry globally.

Wärtsilä Biopower, a part of Wärtsilä Power Plants, supplies and manufactures biomass-fueled combined heat and power plants and heating plants. The company employs approximately 100 people in Finland. Wärtsilä’s engine-based power plant business is not affected by this joint venture and continues to offer a broad range of fuel-flexible power solutions.

Source: Press release distribution via India PRwire

About Metso:

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com

About Wärtsilä:

Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 17,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä's net sales in 2007 were EUR 3.8 billion. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com

The timing of these stories is not surprising. Nevertheless, it is important to bring out the facts. As regards suggestions of leaks of design information relating to centrifuge components, it may be noted that sensitive technologies developed in Indian nuclear installations, are controlled strictly with adequate security systems. While we do get specific individual processing steps done through Indian industry following prescribed procedures, it is ensured that the information contained in the tender documents does not compromise technology controlled requirements. Further, these documents are controlled documents and are to be used only for the purpose specified and returned after use.

The drawing referred to in one media report said to be related to manufacture of gas centrifuges, is of a convoluted tube, having a variety of applications where flexibility is required. By this drawing alone, no sensitive information is revealed. With regard to procurement of Tri-Butyl Phosphate (TBP) it needs to be noted that this is not a controlled item in NSG list and guidelines. Sustained R&D efforts have led to the development of indigenous capabilities, including in facilities under Department of Atomic Energy, for manufacture of this item. In certain instances procurement has been made from other Indian firms also producing TBP. S.K. Malhotra Head, Public Awareness Division Department of Atomic Energy

Source: Press release distribution via India PRwire

Exports in the first half of 2008 rose by 44% to reach a total of $1.88bn from $1.3bn, during the same period in 2007. Over 87% of Dubai's rough diamond exports were to the countries of the European Commission (EC) and India, while Dubai's exports to China increased by 950%.

Ahmed Bin Sulayem, Executive Chairman, DMCC and Deputy Chairman of DDE said, “The continued surge in diamond trade is a testament to Dubai's success in attracting traders from around the world. We have witnessed healthy growth in bilateral trade with various countries, reflecting the growing confidence in the trading infrastructure and opportunities offered by Dubai."

He highlighted that earlier this year, DMCC inked significant MoUs with People's Government of Panyu District, China, and Gems & Jewellery Trade Association of China (GAC) for promotion of jewellery trade between both the countries, with a special focus on diamonds and coloured stones.

In addition, DMCC assisted HSBC establish a diamond banking unit to enable access to finance for the local and regional diamond trade.

Youri Steverlynck, Chief Executive Officer, Dubai Diamond Exchange, said, “While exports in terms of carats grew marginally in the first half of 2008, the price of diamond rose by 10% and helped push the overall trade to high levels.”

The DDE is the only exchange in the region to service the diamond trade from mining to retail.

Source: Press release distribution via India PRwire

About DTCM India Representative Office:

The Government of Dubai, Department of Tourism & Commerce Marketing (DTCM) has had a representative office in India for over eleven years, which has been functioning as an initial contact point and query-processing centre for the Indian travel trade interested in doing business in Dubai.

The India office aims at promoting commerce and tourism, through the organization of marketing activities such as presentations, road shows, advertising, brochure distribution, direct sales meetings and media education programmes, which include familiarization visits for business and travel journalists to Dubai.

The DTCM expects to play an important role in boosting bilateral ties by promoting a widespread awareness of the opportunities Dubai has to offer in both business and tourism. The presence in Mumbai brings to 15 the total number of offices in the DTCM’s international network.

The Issue consists of a fresh issue of 16,75,000 Equity Shares of Rs 10 each (“Fresh Issue”) and an offer for sale of 26,75,632 Equity Shares by Gujarat Venture Capital fund 1995 (the “Selling Shareholders”). Up to 2,17,532 Equity Shares will be reserved for subscription by eligible employees. The Issue will constitute 30.81% of the post issue paid up capital of the Company. The Issue has been graded by the Credit Analysis & Research Limited (“CARE”) and has been assigned the “IPO Grade 3” indicating Average Fundamentals.

The Company intends to utilize the proceeds of the fresh issue in the IPO towards the current ongoing expansion plans of the manufacturing capacities at various locations, invest in the sub-micron particle sizes required by end-market and general corporate purposes.

The Equity Shares are proposed to be listed on Bombay Stock Exchange Ltd. (“BSE”) and National Stock Exchange of India Ltd. (“NSE”).

The Book Running Lead Manager (“BRLM”) is Keynote Corporate Services Limited.

20ML, an ISO 9001:2000 certified Company, is one of the India’s largest producers of white minerals with an annual turnover of over 1,80,000 tons from plants and deposits spanning in different regions of the country producing functional fillers, specialty chemicals and extenders which are supplied globally. It has 4 different captive mines and 8 manufacturing locations spanned over the country with total mineral reserve of 60,00,000 metric tonnes. Currently, it has about 70 international customers based in 30 countries utilizing 450 product grades, which are in addition to approx. 700 local customers spread across India. The renowned Top 10 customers based on the sales for the year ended March 31, 2008, are Asian Paints Ltd., Berger Paints India Ltd., ICI India Ltd., Kansai Nerolac, Akzo Nobel Coatings Ltd., Plastiblend India Ltd., Pidilite Industries Ltd., Kandui Fillerteknik, Finolex Cable Ltd. and Shriram Polytech.

Source: Press release distribution via India PRwire

Note

20Microns Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed its Red Herring Prospectus (“RHP”) with the Registrar of Companies (“ROC”), Gujarat. The RHP is available on the website of SEBI at www.sebi.gov.in and on the websites of the BRLM at www.keynoteindia.net. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP filed with the SEBI including the section titled “Risk Factors”. The Equity Shares of the Company have not been and will not be registered under the U.S. Securities Act 1933, as amended or any state securities laws in the United States. This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

Highlights

Adriana will partner with ArcelorMittal to advance an iron ore strategy to become a fully integrated iron ore producer. The Joint Venture will include the following material elements:

• Through a series of transactions, ArcelorMittal will acquire 80% of the Port for total consideration of approximately $40.5 million USD with Adriana holding the remaining 20%;
• ArcelorMittal has agreed to acquire up to 19.9% of the Company's common shares which represents up to $25 million CDN (or up to approximately 24,900,000 common shares) in two private placements and will also be granted a seat on Adriana's Board of Directors;
• The parties will each fund their pro rata portion of the Port development costs estimated to total approximately $250 million USD for the 10 million tonne per annum ("Mtpa") port;
• ArcelorMittal will assist Adriana in sourcing funding for Adriana's portion of the Port development costs ("Port Debt");
• The parties will share in the capacity of the Port, in proportion to their ownership and Adriana expects to have a minimum of 2 million tonnes iron ore throughput with the planned development of the Port to 10Mtpa;
• ArcelorMittal and Adriana have agreed to investigate future strategic and mutually beneficial world-wide opportunities; and
• Upon closing the Port Agreement and related financings, Adriana expects to have over $65 million CDN in working capital inclusive of the above referenced private placements with ArcelorMittal.

Michael Beley, President and CEO of the Company stated, "Three years ago, Adriana recognized the surging mineral super cycle and through strategic partnerships with Athena and WorldLink, quickly identified the need for a new iron ore port facility in Brazil that would create an export opportunity to deliver iron ore to the "End User". Today we have partnered with the leading steel corporation in the world to export iron ore from Brazil. Partnering with ArcelorMittal is a significant milestone in the advancement of our Brazilian iron ore strategy. ArcelorMittal brings the global expertise in mining, ports, seaborne shipping logistics and the ability to finance large infrastructure and mining projects through to operation."

Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal's Group Management Board, stated, "The planned port facility at Sepetiba Bay in Brazil is the ideal captive solution to deliver access to the export market for ore from the Iron Quadrangle region."

Background to the Port Development

The acquisition of the Port lands was disclosed in the Company's news release dated January 10, 2008. In summary, the Company purchased a total of 771,818 square meters of land on the coast of Brazil (Bay of Sepetiba) for the development of an iron ore port facility. The purchase of an additional 85,757 square meters is expected to be completed during the third or fourth quarter of 2008. Since January 2008, the Company has been developing key strategic relationships and establishing a team of mining, port engineering, shipping and iron ore trading professionals to assist in advancing the Company's iron ore strategy.

Prior to the Port Agreement, the Company had commenced the engineering and permitting required to develop a port facility capable of handling 5 - 10Mtpa of iron ore at inception and increasing to a potential 50 million tonnes by year five through the accelerated development of a deep water port facility. The Port Agreement is the culmination of the Company's strategy in Brazil to develop the port facility with an end-user of iron ore. Given the capital-intensive nature of the project, the Company expects that the Port Agreement will establish the required funding, technical and regional expertise, and industry recognition to move the project through to completion and revenue generation.

Pursuant to the terms of the Port Agreement, ArcelorMittal has agreed to jointly develop the Port with the Company and acquire 80% of the Port for a lump-sum payment of approximately $40.5 million USD. The Company will retain the remaining 20% of the Port with pre-emptive rights until the Port reaches a capacity of 20Mtpa.

ArcelorMittal will use reasonable endeavours to assist Adriana in obtaining its portion of the Port Debt. Each party undertakes that it will be responsible for servicing and repaying its respective share of the Port Debt, consistent with its percentage ownership. The Company believes this support will substantially minimize dilution to the Company's common shareholders. In addition, ArcelorMittal will own 80% of the proposed port capacity while the remaining 20% will be retained by the Company. Port capacity in excess of 20Mtpa will be subject to further negotiation and may result in the Company increasing its utilization rights.

The two companies also agreed to co-operate to explore future strategic and mutually beneficial world-wide opportunities, although neither party is obliged to enter into any agreements.

Pursuant to the terms of the Port Agreement, the Company has agreed to acquire all of the third party owned interests in Brazore Holdings Ltd. ("Brazore Barbados"), of which the Company currently beneficially owns 60% of the outstanding issued share capital. The acquisition cost for the minority interest, held by Athena Resources L.L.C. ("Athena"), will be $19.6 million USD. The Company and Athena have agreed that up to $19.6 million USD of the purchase price will be paid in shares of the Company at a deemed price of $1.10 CDN. In 2006, Athena brought the Port opportunity to Adriana based on Adriana management's previous successful track record within Brazil and ability to advance projects on a global scale. Adriana and Athena continue to work closely together to review other opportunities within Brazil.

In addition to the consolidation of the minority interest in Brazore Barbados, the Company has agreed to acquire the minority interests of its Brazilian subsidiary for consideration of approximately $3.5 million USD. The Company and the minority interest holders have agreed that up to $1 million USD of the purchase price may be paid in shares of the Company at a deemed price of $1.10 CDN.

The Company's agreement with the WorldLink Group in respect of port utilisation has been amended to match the Company's Port off-take capacity of 20%. No further obligations are contemplated in connection with the WorldLink agreement.

The Port Agreement is subject to applicable regulatory and corporate approvals and the negotiation and execution of a definitive agreement by the parties which is anticipated to be concluded by September 30, 2008 (the "Definitive Agreement").

Upon completion of the proposed transactions Adriana will move forward with three strategic alliances: ArcelorMittal, WorldLink Group and Athena Resources L.L.C. Such partnerships and supported iron ore strategy will allow minimal dilution for shareholders for future project financings.

Private Placements

In connection with the transaction, ArcelorMittal has agreed to participate in a non-brokered private placement for proceeds of $6.45 million CDN (the "Debenture"). The Debenture will have a three-year term and will bear interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 if exercised in the first two years of the Debenture and at a price of $0.99 if exercised in the third and final year of the Debenture. Interest on the Debenture will be convertible at the market price of the Company's shares on such conversion date. Up to 7,166,667 common shares of the Company will be reserved for listing on the TSX Venture Exchange (the "TSX-V") as the maximum number of securities issuable to ArcelorMittal upon conversion for the principal of the Debenture (or approximately 10% of the current issued and outstanding common shares of the Company). Additional common shares of the Company will be reserved for listing on the TSX-V to satisfy the conversion related to the interest on the Debenture. The Debenture is subject to regulatory approval and the Debenture and Common Shares issuable upon conversion of the Debenture will be subject to applicable statutory hold periods from the date the Debenture is issued.

The Company expects that it will issue additional debentures to other parties on the same terms as above (together the "Debentures") bringing the intended gross proceeds of the debt offering of up to $9 million CDN. Proceeds from the issue and sale of the Debentures will be utilized for the Company's ongoing commitments in Brazil and Canada, as well as the acquisition of the minority interests in Brazore Barbados and Brazore Brazil as described above.

Upon completion of the Definitive Agreement, ArcelorMittal has agreed to invest additional capital into the Company by way of a non-brokered private placement of common shares (the "Share Placement") and intends to acquire up to 19.9% of the Company's common shares after taking into account potential shares issued upon the conversion of its Debentures and the Share Placement. It is anticipated that the gross proceeds of the proposed Share Placement will be up to $18 million CDN at $1.10 per common share (representing approximately 18,000,000 common shares) and will be utilized for funding the Company's proportionate share of development costs in connection with the port facility and for additional working capital.

The acquisition of the minority interests in Brazore Barbados and Brazore Brazil, the Debenture financing and the proposed Share Placement all remain subject to regulatory approval and all securities issued in connection with the proposed transaction will be subject to a hold period of not less than 4 months from the date of issue of the securities.

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with over 320,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge: it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.

In 2007 ArcelorMittal had revenues of 105.2 billion USD and crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit: www.arcelormittal.com or to obtain a copy of the Early Warning Report filed by ArcelorMittal pursuant to applicable securities laws, please contact:

Haroon Hassan
General Manager, Corporate Communications
Head of Media Relations
7th Floor, Berkeley Square House
Berkeley Square
London, W1J 6DA
United Kingdom
Tel: +44 (0)20 3214 2847

About Adriana Resources Inc.

Adriana's goal is to become a fully integrated iron ore producer through strategic partnerships, acquisitions and development projects. The continued development of its iron ore port facility in Brazil, jointly owned by ArcelorMittal, will be a significant milestone in advancing that goal with Adriana having access to a minimum of 2 million tonnes of iron ore capacity that will grow as the Port develops in size. Adriana is committed to the acquisition of iron ore assets in South East Brazil that are strategically located and able to access the Port. The Company is continuing development of its 100% owned Lac Otelnuk, December Lake and Bedford iron properties in Quebec and Labrador & Newfoundland, respectively and actively pursuing iron ore acquisitions around the world and through its partnerships with ArcelorMittal, WorldLink Group and Athena. Adriana's management and technical team continue to review other opportunities to further enhance the Company's position as "The New Player in Iron Ore".

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Adriana Resources Inc.
Robert Ferguson
(604) 629-0250 or Toll Free: 1-877-629-0150

Adriana Resources Inc.
Ali Sinawi
(604) 629-0250 or Toll Free: 1-877-629-0150
(604) 629-0923 (FAX)
Website: www.adrianaresources.com

Source: Press release distribution via India PRwire

The Company proposes to utilize the net proceeds of the Issue to part finance its plan for purchase of Plant and Machinery valued at Rs 1,285.64 million for setting up of its own extraction and crushing facilities at the mines and purchase of six railway rakes worth Rs 1,163.60 million to set up own logistics infrastructure facilities, besides meeting margin money requirement for working capital. The Company proposes to part finance the cost through term loans of Rs 860 million to be raised from banks, Rs 430 million through Private Equity funding from Merrill Lynch International and Rs 137.30 million through Pre-IPO allotment. Merrill Lynch International holds 3,000,000 Equity shares, India Business Excellence Fund-I holds 910,000 Equity shares, IL&FS Trust Co. Ltd ( Trustees of Business Excellence Trust-India Business Excellence Fund ) hold 402,500 Equity shares, Mr Motilal Oswal hold 250,000 Equity shares and Mr. Raamdeo Agarwal holds 200,000 Equity Shares in the Company.

Presently, the extraction and processing activities of Resurgere Mines & Minerals India Ltd at existing operational mining locations are outsourced to various service providers. In order to reduce its operational costs and to increase its volumes the Company intends to deploy own machinery, labour and other material resources at its existing mining locations as well as at newer mining locations that it purport to undertake. Further, to facilitate easy movement of its products, the Company proposes to acquire six railway rakes for providing the same to railway authorities under the Wagon Investment Scheme. Under the Scheme, on handing over the purchased rakes to the railways, the Company would be provided with an assured supply of 4 rakes per month against each rake. Additionally, the Company will be entitled to a freight rebate of 10%. Furthermore, it will also be eligible to get additional 2 rakes per month against each rake given by it without freight rebate.

Resurgere Mines & Minerals India Ltd has a diverse product range which includes various forms of iron ore such as Lump ore, Size ore, Calibrated Lump ore (CLO) and iron ore fine etc. and bauxite. It sales all these products domestically except iron ore fines which it exports to China. Resurgere is one of the few Companies in the mining industry to have obtained ISO 9001:2000 and ISO 14001:2004 Certification from UKAS, United Kingdom. Furthermore, the Company is a recognized Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. The Company intends to become one amongst the leading players in the mining industry with its vast product portfolio. With this vision, it purports to venture into mining of others minerals and resources which inter-alia may include copper, manganese, zinc and others.

Currently it operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and it purports to commence operations at Tatiba mine in Singhbhum district of Jharkhand in the near future. The Company has entered in to long term contracts for Nuagoan, Tatiba and Maharajpur mines, with the leaseholders for raising and purchasing of iron ore. All the three mines carry high quality iron ore of about 62% - 64% Fe content. It has also made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra.

Through wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL), Resurgere holds a 60% interest in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the 30 year mining lease with respect to a bauxite mine situated in Yelwan Jugai, Maharashtra. The mining assets of the Company, except Banda mine, have cumulative estimated reserve of 74.82 million tonnes of iron ore and 4.92 million tonnes of bauxite as certified by Central Mining Research Institute as per their certificate dated July 25, 2007 and September 3, 2007 respectively.

Resurgere Mines & Minerals' Operational Income and Profit after Tax (PAT) after restatement of financial statements for the financial year ending March 31, 2007 was Rs. 1642.43 millions and Rs. 303.67 millions respectively and for year ending March 31, 2008 it was Rs. 4030.04 millions and Rs. 665.62 millions respectively. Its Operational Income and PAT have grown at 93% and 251% year on year basis during the financial year 2006-2007 and 145% and 119% year on year basis during the financial year 2007-2008 respectively.

The iron ore industry is enjoying continued boom conditions, as demand continues to soar on the back of the developing world's rapid industrialization. The market remains tight, and supply systems are stretched, leading to unprecedented increase in prices. After rising by as much as 14% a year, global iron ore consumption is expected to continue to grow.

Source: Press release distribution via India PRwire

About Resurgere

Resurgere Mines & Minerals India Limited, engaged in the business of extraction, processing and sale of mineral products and exploration and development of mining assets, proposes to enter the capital markets on 11th August 2008 with a public issue of 4,450,000 Equity shares of Rs 10 each through 100% book building process. The price band has been fixed at Rs 263 to Rs 272 per Equity share of Rs 10 each. The Issue closes on 13 th August 2008. The Issue comprises of reservation of 250,000 Equity shares for eligible employees, leaving the net issue to the public of 4,200,000 Equity shares. The net issue would constitute 14.72% of the post issue paid-up capital of the Company. Motilal Oswal Investment Advisors Pvt. Ltd is the BRLM for the Issue and PL Capital Markets Pvt. Ltd and Ashika Capital Ltd are the Co-BRLMs for the Issue. The Equity shares are proposed to be listed on BSE and NSE.

Disclaimer

Resurgere Mines & Minerals India Ltd is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus (RHP) with Registrar of Companies (ROC), Mumbai. The RHP will be available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at wwwmotilaloswal.com and websites of Co-BRLMS at www.plindia.com and www.ashikadirect.com and website of the Company at www.resurgere.in..

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled "Risk Factors" of the RHP, which has been filed with the ROC.

Turnover for the 1st Quarter ended 30th June, 2008 increased by 95.88% to Rs. 18680.51 lacs as against Rs. 9536.53 lacs during the corresponding Quarter ended 30th June, 2007. Export Turnover for the 1st Quarter ended 30th June, 2008 increased by 114.10% to Rs. 15632.25 lacs as against Rs. 7301.21 lacs during the corresponding Quarter of previous financial year. PBT for the 1st Quarter ended 30th June, 2008 registered a healthy growth of 278.61% at Rs. 3455.73 lacs as against Rs. 912.74 lacs registered in the corresponding Quarter of previous financial year. EPS jumped by 288.89% at Rs.3.50 per share for the 1st Quarter ended 30th June, 2008 as compared to Re. 0.90 per share for the corresponding Quarter of the previous financial year. (Face value of share = Rs. 5/-).

The Company has been able to sustain the momentum of its accelerated growth chiefly on account of judicious product mix, improved capacity utilization, better realizations and improved cost efficiencies, despite continuous rising input costs.

"The International Stainless Steel Forum (ISSF) estimates that stainless steel is one of the fastest growing basic materials with a growth in consumption of 9% in 2008 followed by further 11% in 2009. In China, FeCr consumption growth is estimated to be around 20% P.A. For the next two year. International Ferro Chrome prices are increasing almost vertically from one quarter to next quarter due to extremely buoyant demand from China, continuous increase of prices of Chrome Ore & more production of Ferritic grade Stainless Steel.

Considering the strong growth of Stainless Steel in International market and especially China, International Ferro Chrome Market is expected to remain bullish for next 3-4 years as most of the South Africa’s FeCr expansion project are expected to be on hold due to their Power crisis. It is reported that power crisis in South Africa will last until 2012; hence sentiment is expected to remain bullish for Ferro Chrome till such time.

Balasore Alloys Limited has increased export volumes and is presently exporting more than 80% of the production. The company is presently serving almost 26 countries across the globe - mainly to quality conscious Japan, Korea and European Countries. Export volume of the Company has increased more than 11 times during last five years and share in global market has also increased by 50% during the last 2-3 years."

Source: Press release distribution via India PRwire

Announcing the results, Mr. Ashish Goenka Managing Director of Suashish Diamonds Ltd. said, “the diamond industry is passing through tough time due to slow down in US economy which is a major market for the Gems and Jewellery industry but Suashish has shown good growth due to its strong global marketing network.”

Source: Press release distribution via India PRwire

About Suashish Diamonds

Suashish Diamonds is a publicly listed company and a DTC Sightholder with manufacturing units in India and Botswana in Africa with global distribution through subsidiaries and strategic partnerships in major markets across the world. Suashish supplies loose diamonds to the jewellery trade and has its own integrated jewellery manufacturing operations. They also supply superior finished jewellery to some of the largest multiple retailers around the world. Suashish Diamonds also have their Retail Brand called Ishis which they market in India through their own retail network.

In July 2008 John T Boyd Company (USA) initiated JORC valuation for the Nalo Baru Iron Ore Tenement, Mining Plan and Reserve Estimation Study of the area is expected to be completed by September, 2008. The estimated sale value is 10 Billion USD. The production work will commence on October, 2008 with initial production target of 3 million tons per annum.

“This joint venture provides good synergies for both groups to tie-up for development of the mine. Two SPVs shall be floated to structure the transaction. The first SPV shall carry out mine development and the second SPV would carry out marketing activity of the iron ore produced. GJR Group will deploy its experience and technology to exploit and develop the iron ore mine for captive use as well as selling of iron ore in the international market.” said Mr. G. Janardhan Reddy, CMD of GJR Group of Companies

“We are extremely happy to partner with the GJR Group. Earthstone’s extensive network in the Indonesian and international mining industry will assist in strengthening GJR Group’s regional and international presence.” said Mr.Mahran Nasution, MD of PT Earthstone Resources.

“As a very natural next step in GJR Group’s development, it’s quite obvious that we do need international expansion. This greatly helps to restructure our domestic business and fulfill requirements of our steel plant in construction. We have strong confidence that collaboration with Earthstone may bring a great value to our strategic efforts worldwide.” Added Mr. G. Janardhan Reddy

The Project Tenement boasts of unparallel geographical and infrastructural advantages. The nearby town Muara Bungo is a major mining hub, and has the state-of-the-art transportation eco-system. The excellent road infrastructure to all three ports is an added advantage. Teluk Bayur is the largest and the nearest port to the project which is located at the distance of 380 Km, the alternate ports are Bengkulu Port which is 300 Km and Jambi River Port (290 Km).

Source: Press release distribution via India PRwire

About the GJR Group :

The GJR Group– Obulapuram Mining Company and Bramhani Industries Limited – are involved in businesses which span the entire value chain from iron ore mining to the manufacturing of steel. GJR holds 100% stake in the Obulapuram Mining Company (OMC) – one of the largest private sector mining companies based in Andhra Pradesh, India.

The company holds a 134 hectares mineable area and operates a highly efficient, fully mechanized, open cast mine operation.

The GJR Group also owns Bramhani Industries Ltd. (BIL), a company that is in the process of setting up a 10 MTPA integrated steel plant. The plant is being built in Jammalamadugu in the Kadapa district of Andhra Pradesh. Civil work for the first phase of 2.5 MTPA has already been commenced. The complete 10 MTPA ramp up in installed capacity is expected to be accomplished in 5 to 6 years.

About PT Earthstone Resources

PT Earthstone Resources focuses on identification, evaluation, acquisition, exploration and development of precious and base mineral properties in Asia, Africa and other certain countries of the world. The company asserts opportunity oriented strategy and now is evaluating a range of projects in Energy, Airports, Ports, Roads, Rail Networks and other allied Infrastructure Businesses. Initially PT Earthstone Resources is focused on Indonesia, where it enjoys extensive local networking capabilities and operational experience in national environment. Since its inception, operating in Indonesia, the company congregated a portfolio of attractive tenements of iron, manganese and lead ore, coal – all in different stages of development.

In July 2008 John T Boyd Company (USA) initiated JORC valuation for the Nalo Baru Iron Ore Tenement, Mining Plan and Reserve Estimation Study of the area is expected to be completed by September, 2008. The estimated sale value is 10 Billion USD. The production work will commence on October, 2008 with initial production target of 3 million tons per annum.

“This joint venture provides good synergies for both groups to tie-up for development of the mine. Two SPVs shall be floated to structure the transaction. The first SPV shall carry out mine development and the second SPV would carry out marketing activity of the iron ore produced. GJR Group will deploy its experience and technology to exploit and develop the iron ore mine for captive use as well as selling of iron ore in the international market.” said Mr. G. Janardhan Reddy, CMD of GJR Group of Companies

“We are extremely happy to partner with the GJR Group. Earthstone’s extensive network in the Indonesian and international mining industry will assist in strengthening GJR Group’s regional and international presence.” said Mr.Mahran Nasution, MD of PT Earthstone Resources.

“As a very natural next step in GJR Group’s development, it’s quite obvious that we do need international expansion. This greatly helps to restructure our domestic business and fulfill requirements of our steel plant in construction. We have strong confidence that collaboration with Earthstone may bring a great value to our strategic efforts worldwide.” Added Mr. G. Janardhan Reddy

The Project Tenement boasts of unparallel geographical and infrastructural advantages. The nearby town Muara Bungo is a major mining hub, and has the state-of-the-art transportation eco-system. The excellent road infrastructure to all three ports is an added advantage. Teluk Bayur is the largest and the nearest port to the project which is located at the distance of 380 Km, the alternate ports are Bengkulu Port which is 300 Km and Jambi River Port (290 Km).

Source: Press release distribution via India PRwire

About the GJR Group :

The GJR Group– Obulapuram Mining Company and Bramhani Industries Limited – are involved in businesses which span the entire value chain from iron ore mining to the manufacturing of steel. GJR holds 100% stake in the Obulapuram Mining Company (OMC) – one of the largest private sector mining companies based in Andhra Pradesh, India. The company holds a 134 hectares mineable area and operates a highly efficient, fully mechanized, open cast mine operation.

The GJR Group also owns Bramhani Industries Ltd. (BIL), a company that is in the process of setting up a 10 MTPA integrated steel plant. The plant is being built in Jammalamadugu in the Kadapa district of Andhra Pradesh. Civil work for the first phase of 2.5 MTPA has already been commenced. The complete 10 MTPA ramp up in installed capacity is expected to be accomplished in 5 to 6 years.

About PT Earthstone Resources

PT Earthstone Resources focuses on identification, evaluation, acquisition, exploration and development of precious and base mineral properties in Asia, Africa and other certain countries of the world. The company asserts opportunity oriented strategy and now is evaluating a range of projects in Energy, Airports, Ports, Roads, Rail Networks and other allied Infrastructure Businesses. Initially PT Earthstone Resources is focused on Indonesia, where it enjoys extensive local networking capabilities and operational experience in national environment. Since its inception, operating in Indonesia, the company congregated a portfolio of attractive tenements of iron, manganese and lead ore, coal – all in different stages of development.

The company’s consolidated Net Sales for FY08 stands at Rs 1147.37 crore, as against Rs 827.76 crore last year. For the year ended March 31, 2008, PAT climbed 39.28% YoY to Rs 128.19 crore from Rs 92.03 crore.

Manaksia’s standalone net sales for the FY 2008 is Rs. 731.81 crores, while profits stood at Rs.41.01 crores, an increase of 33%.

Speaking on the results, Mr. Dilip Patodia, CFO of Manaksia Ltd. said, “Increase in profits and turnover were mainly due to increase in sales of metal products, both in India and Nigeria.”

MINL, the Nigerian subsidiary of Manaksia, will take the scrap route to produce 200,000 tons of steel rebars per annum for the construction industry in Nigeria. MINL already produces steel galvanized sheets, aluminium roofing and color-coated sheets for the construction industry. The company is in the process of acquiring land near their existing factory in Ota for this project.

MINL, which had taken over Jebba Paper Mills Ltd. From the Nigerian Government in 2006, will commence production during the current fiscal. Initially, it will manufacture around 40 tons per day using waste paper as raw material.

The Board of Directors also approved the proposal for setting up a subsidiary company in Mauritius to facilitate international investments.

Manaksia is revamping its ERP system and installing SAP across all its establishments. Price Waterhouse has been appointed to advise the company in implementing the new system.

Source: Press release distribution via India PRwire

About Manaksia Limited

Manaksia commenced its operations as manufacturer of metal closures in 1984 but has since diversified its business into value added metal products and mosquito coil. It has fifteen manufacturing units in India and three abroad; two in Nigeria and one in Ghana. Since its incorporation, it has responded to the challenges by redefining its core competencies and unleashing restructuring process.

The company had a follow-on public offering in December 2007, when it raised Rs 248 crores. The funds were earmarked for reduction of high cost debts and de-bottlenecking equipment for its steel and aluminium rolling mills at Haldia, West Bengal. While high cost debts amounting to Rs 60 crores has been paid off, a sum of Rs 9.74 crores has so far been spent on the de-bottlenecking equipment and Rs 25.93 crores ahs been spent towards general corporate purposes. The balance funds are held in short term instruments of mutual funds pending utilization.

The company’s steel rebars project at Kutaisi, Georgia, CIS, is progressing and the first phase is expected to start producing in the next fiscal.

The Net income for the year ended 31st March 2008 stands at Rs. 1581.85 crore, 21% up from Rs. 1306.02 crore for the same period last year.

The last quarter has contributed Rs. 507.12 crore to the Net Sales, 20% over the last year’s Rs. 419.63 crore. The PAT for the quarter stands at Rs. 16.25 crore, 44% up from Rs. 14.39 crore for the same period last year.

The EPS of the company is Rs. 33.82 as compared to Rs. 24.76 for the last year. The company has recommended a dividend of 20% on equity shares of Rs. 10 each.

Wires and steel products continue to be the revenue drivers for the company. Commercial production of LRPC strand wire commenced during the last quarter. The order for multi product plating line plant has already been ordered and it is expected to commence production in current year

The setting up of single Line LRPC plant will be completed by September 2008, the first of its kind to be produced in India.

“We are aggressively perusing our plans to produce 6,00,000 mts of steel wires and finished wire products by 2010 and are well on track with our goal. ” said Mr. Ashish Jhunjhunwala, CMD, Ramsarup Industries Ltd.

The merger of Ramsarup Lohh Udyog Ltd has been approved by the shareholders asn awaits regulatory approvals.

Source: Press release distribution via India PRwire

About Ramsarup Group

Ramsarup Group is mainly into the manufacture of steel wires and TMT bars, which it supplies to the power and infrastructure sector. The group is also putting up facilities for backward integration, with production of 7, 00,000 MTPA integrated steel plant to produce steel billets and 20 MW power at Kharagpur. The current capacity of steel wires stands at 2.88 lacs mts.

The machinery for this has already been imported from Italy and the finance has been worked out with SBS . Initial production will commence in about 4 months from now and the target market is Western Europe. Bronze ingots are used for Bronze casting worldwide by Brass Copper and Bronze foundries. Non ferrous casting industry is growing at about 12% P/A thanks to demand in automotive and electrification.

Mr. Hitesh Shah the Exports director of the company is positive to break even in the very first year with envisaged profit for FY 2010 of US$ 3 Million. The company also has plans for IPO once the production comes on stream and company products like Brass fasteners anchors turned parts Bronze billets are well received in the European markets.

Source: Press release distribution via India PRwire

This MoU is one of the few private partnership entered by the NMDC which chose Spice Minerals & Metals from 35 other reputed national and international companies to create a JV in 50:50 partnership. The JV will be called NMDC Spice International.

Mr. Ravi Chilukuri, CEO, Spice Energy said, “We are extremely happy & honoured to join hands with an enterprise of such high national repute as NMDC. Leveraging from NMDC’s expertise and skills in the minerals and mining sector combined with Spice Energy’s global reach and logistical prowess; we aim to penetrate the international markets and make a mark for us on the global map.”

The signing of this MoU also marks the beginning of a long term a strategic partnership for planning, acquisition, development and management of metal & mineral projects outside India, executable through specific Joint Ventures. The first project under consideration is in Armenia where mining assets in Iron Ore are proposed to be developed by both the Companies, working in synergy.

This MoU is in line with the emerging trend of public-private partnership (PPP), which enjoys support from the Govt of India. This approach is particularly relevant to acquisition and development of new mining concessions overseas, wherein Indian companies are pitted against very established foreign entities.

Source: Press release distribution via India PRwire

About Spice Minerals & Metals

Spice Minerals & Metals is an initiative of the Spice Energy Group; one of India’s fastest growing integrated energy and infrastructure corporations. Spice Minerals & Metals aims to be one of the fastest growing global mining companies. It already has a strong presence in several markets in Asia, Africa and Europe. The group offers significant synergies to the mining and metals business via financial and logistical expertise via their vast experience and logistical infrastructure in shipping and global freight forwarding.

About NMDC Limited

Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.Since inception involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate etc. NMDC is India’s single largest iron ore producer, with 30.00 million tons of iron ore from its 5 fully mechanised ISO 9001-2000 accredited mines during 2007-08. The company has a strong back up of an ISO 9001 certified R&D centre, which has been declared as the "Centre of Excellence" in the field of mineral processing by the Expert Group of UNIDO.

Specifically, the IIJS Signature show provides an ideal platform for companies to meet serious buyers from unique countries like Uzbekistan, Afghanistan, and Ukraine, hence providing more opportunities for the Indian jewellery industry and further enhancing India’s position in the global jewellery market.

The emphasis of the show is to portray the potential and strength of the Indian jewellery industry in design and innovation of products ranging from plain gold jewellery, studded jewellery, platinum and silver jewellery. The Chairman of GJEPC, Mr. Sanjay Kothari, commented, “I am proud about the achievement of the Indian Gem and Jewellery Industry. We have ensured that the IIJS Signature show serves as a platform to forge strong and enduring business relationships. The exhibitors were the most renowned companies in India, and their manufacturing abilities are at par with international centers in terms of design quality and craftsmanship.”

IIJS Signature was well received by both buyers and exhibitors. Most of the 100 exhibitors, who were showcasing high-end or couture jewellery for a mixed visitor base of Indian and overseas retailers, reported orders and interest from a variety of buyers from geographical regions as diverse as Russia, Japan, Australia, the United States, Uzbekistan, Pakistan, Syria, Dubai and the Kurdish region of northern Iraq.

Mr. Sanjiv Khandelwal, Managing Director of Polygon in India, who attended the show added, “IIJS Signature has set new standards for tradeshows by offering a powerful presentation in an environment most conducive to business and leisure”.

The IIJS Signature initiative to bring in high-end jewellery buyers from across the globe is just one of the steps being made by the industry to further enhance India’s position in the global jewellery market. Polygon—the jewellery industry’s largest e-marketplace—supported the show by conducting various e-marketing campaigns and techniques to attract visitors from its’ strong base in Dubai and the GCC regions.

Source: Press release distribution via India PRwire

About GJEPC:

Established in 1966, the GJEPC has over the years effectively molded the scattered efforts of individual exporters to make the gem and jewellery sector a powerful engine driving India's export-led growth. This apex body of the gem and jewellery industry has played a significant role in the evolution of the Indian gem and jewellery industry to its present stature. GJEPC is continuously working towards creating a pool of artisans and designers trained to international standards so as to consolidate the Indian jewellery industry and establish it as a prominent global player in the jewellery segment. With 6,500 members spread all over the country, the Council is primarily involved in introducing Indian gem & jewellery products to the international market and promoting their exports. To achieve this, the Council provides market information to its members regarding foreign trade inquiries, trade and tariff regulations, rates of import duties, and information about jewellery fairs and exhibitions.

About Polygon

Polygon, in operation since 1984, is the jewellery industry’s largest and most active business-to-business online marketplace. The Polygon diamond database, estimated to be the largest collection of polished diamonds in the world, exceeds $3 billion in wholesale value. Polygon also offers diamond parcels, one of the largest collections of finished jewellery, loose coloured stones, and watches, available in a searchable database format. Several thousands of retail jewellers, suppliers, manufacturers and other jewellery industry businesses transact millions of dollars a day of business on Polygon. With offices in Denver and Montreal, Polygon has also established offices in Dubai, Mumbai, and Hong Kong to support its global expansion. Polygon is a division of Mediagrif Interactive Technologies Inc. (TSX: MDF).

Turnover for the for the 15 months period ended 31st March, 2008 increased by 55.53% to Rs. 53085.62 lacs as against Rs. 34132.59 lacs during the corresponding 15 months period ended 31st December, 2006. Export Turnover for the 15 months period ended 31st March, 2008 increased by 100% to Rs. 40514.75 lacs as against Rs. 20296.66 lacs during the corresponding previous financial period. PBT for the 15 months period ended 31st March, 2008 registered a healthy growth of 352.97% at Rs. 5116.83 lacs as against Rs. 1129.61 lacs registered in the corresponding previous financial year. EPS jumped by 366.09% at Rs.5.36 per share for the 15 months period ended 31st March, 2008 as compared to Re. 1.15 per share for the previous financial period. (Face value of share = Rs. 5/-).

The Company has been able to sustain the momentum of its accelerated growth chiefly on account of judicious product mix, improved capacity utilization, better realizations and improved cost efficiencies, despite rising input costs and appreciating Rupee.

"The International Stainless Steel Forum (ISSF) estimates that stainless steel is one of the fastest growing basic materials with a growth in consumption of 9% in 2008 followed by further 11% in 2009. In China, FeCr consumption growth is estimated to be around 30% for the year 2008 followed by further 19% in 2009. International Ferro Chrome prices are increasing almost vertically from one quarter to next quarter due to extremely buoyant demand from China, continuous increase of prices of Chrome Ore & more production of Ferritic grade Stainless Steel.

Considering the strong growth of Stainless Steel in International market and especially China, International Ferro Chrome Market is expected to remain bullish for next 3-4 years as most of the South Africa’s FeCr expansion project are expected to be on hold due to their Power crisis. It is reported that power crisis in South Africa will last until 2012, hence sentiment is expected to remain bullish for Ferro Chrome till such time.

Balasore Alloys Limited has increased their export volume and presently exporting more than 80% of their production. Company is presently serving 26 countries across the globe, which includes most quality conscious countries of the world like USA, Japan, China, Korea and Europe etc. Export volume of the Company has increased more than 11 times during last five years and share in Global market has also increased by 50% during the last 2-3 years."

Improvement in operating performance, despite appreciation of the Rupee against other major global currencies, was triggered by increased volumes, adoption of aggressive cost reduction measures, higher plant productivity and improvement in major techno-economic parameters. The Company is well on its way to maintain the present growth trend and remains optimistic of its next quarter results and despite pressure of high input material costs, the Company has initiated a number of concerted actions to mitigate the associated business risks. The results are a reflection of the decision of the management for sustainability on a long term growth strategy coupled with value addition of its products.

The Company’s growth and modernization plans have been progressing according to the schedule. Apart from these existing ongoing projects which includes vertical integration in the form of setting up of captive power plant, the total outlay of which is expected to be Rs. 1215 crores, it has been decided to set up a New ferro alloys Furnace with 16.5 MVA capacity at existing location and also to form a subsidiary Company in Mauritius to enter into a Joint Venture Company for development of Mining Rights in Brazil subject to necessary approvals.

SBI Caps has been engaged for financial appraisal, debt and equity tie-up for the Company’s expansion and modernization projects. It is strongly believed that completion of the Company’s ongoing projects is expected to catapult the Company’s global ranking among the top ranked ferro alloy players in the world.

The Company’s relentless pursuit of excellence demonstrated through various strategic management initiatives have started yielding both tangible and intangible benefits like never before. The Company has leveraged its pool of talented manpower to kick start its own Consultancy Division and responses from a cross section of the industry and various corporate houses have been quite encouraging.

The Company continues to actively pursue its Modern Management Initiatives in the area of Six Sigma, Total Productive Maintenance (TPM), Activity Based Cost Management (ABCM), Total Quality Management (TQM), Performance Management System (PMS) and Just in Time (JIT) in order to maximize performance efficiency and nurtures a burning desire to excel in each of these faculty. These initiatives have effectively assisted the Company in rationalizing its work force and in giving it enough experience to manage the operations effectively thus enhancing the Company’s global competitiveness and recognition eventually catapulting the Company into the higher echelons of modern management, in the process giving it a strong leadership position in the market.

The Company received the recognition during the 15 months period ended 31st March, 2008 in different field as follows:

1. India Manufacturing Excellence Award - 2007 [Plantinum Award - 1st runner up].

2. The Company has won the First Position in Productivity Award for Sustained Level of High Overall productivity by CII (ER).

3. The Company has been conferred with a Special Enertia Award 2007 for Energy Efficiency.

4. ISO 14000 Certification from Bureau of Indian Standards.

5. Company's Chrome mines Division accredited with ISO 9001:2000 Certification by DNV

Source: Press release distribution via India PRwire

In terms of physical performance, HCL has registered a record growth of 36% in wire rod production, 13% increase in refined cathode production and 7% rise in sales volume. The Company, now on a fast growth track consequent upon the restructuring sanctioned by the Govt. of India last year, is adopting specific measures for maximizing capacity utilization as well as modernizing its mines and plants. The company is also leveraging IT to make business processes more efficient and more responsive to current market needs.

To reduce dependence on imports of copper concentrate, HCL is laying specific emphasis on the mining segment. Surda copper mine (in Jharkhand) which was lying closed for the last five years has been reopened and work has already begun. HCL is pursuing renewal of the remaining mining leases from the State Government to restart them as well. The company is also planning to open new mines by the fastest feasible means.

With commitment as the key and will management as the credo – HCL aims to become a world class mining company and a name in itself to reckon with.

Source: Press release distribution via India PRwire

Steel prices in India have shot up 33% in the last 8 weeks, crippling the industry mostly dependent on Indian steel for domestic sales and finished product exports. Steel is the key input in forgings at 60-70% of the input cost. Pig iron and steel scrap are the key input to castings. Briefing the media at Chennai today, the AIFI and IIFM called for the policy makers’ support to help keep the Indian forgings/castings industry stay competitive against increasing global competition.

The ex-factory prices of steel in international markets are 20 – 30% cheaper for local delivery, than Indian local prices. According to AIFI the increasing export of steel was fueling the price increase and was also keeping India in the lower rungs of the value chain. China on the other hand, has measures to encourage export of finished goods and has levied a 25% export duty on carbon steels. The other factor adding to the price spiral is the marking-to-market practice of Indian steel mills equivalent to the landed prices of imported steel (which carries a significant freight cost element).

The situation in the domestic market is also grim as the Indian forging manufacturers face the onslaught of Chinese component imports which are 15-25% cheaper (ACMA estimates).The steep increase in the steel scrap and Pig iron price have a negative effect on the competitive ness of the Foundries

This state of affairs is the result of a starkly contrasting approach of the Governments from India and China. China encourages export of finished parts and components by giving an export benefit scheme of 17% as against 7% in India, for forgings.

AIFI also indicated that taking recourse to bulk imports of steel was also not practical due to differing size and specifications of the steel inputs and high freight costs. IIFM pointed out the problems in importing scrap by many foundries that are tiny/small /medium scale

The quantum of rise in input costs as claimed by steel companies’ is exaggerated and the fact is tabulated below.

Myth

Fact

While inputs have gone up from Rs.12,000 to Rs.13,000 per ton, price of HRC has increased by Rs.6,500 per ton in the last one year

For primary steel manufacturers who enjoy massive access to captive mines, costs have gone up negligibly. Yet, these companies have increased prices too.

Prices of forging quality steel have gone up between Rs.14,500 to Rs.16,000 per ton, though actual input cost increases are not to this extent.

Prices of TMT have gone up from Rs.27,000 to Rs.45,000 in the last 1 year

Though cost increases are different between steel mills, all manufacturers have increased prices as above in tandem

Even PSUs have increased prices in excess of the actual input cost increases. Input costs increases for PSU steel mills have been significantly lower due to better / captive access to controlled prices of iron ore and coal / coke

NMDC which is involved in export of iron ore has a gross margin of around 70%.

Increase in cost of basic raw materials used for steel making between April 2007 and March 2008

Iron ore 2.5 times (spot)

Has gone up by 1.75 times

Coke 2.9 times

Has gone up by 2 times

Manganese Ore 3.7 times

Ferro Manganese has gone up by 2.5 times

TMT producers have been impacted by increases in scrap, iron ore and coal prices thereby pushing up TMT prices

General cost of conversion from scrap to TMT is a maximum of Rs.7,500 per ton. Even at peak scrap price in March of Rs.25,000 per ton, ex-factory price of TMT should not have exceeded Rs.35,000 per ton as against Rs.44,000 prevailing now.

Prices of TMT as of March 17-21, 2008 in China was CNY 4995, about US$ 700 / Rs.28,150 whereas in India the prices are in excess of US$ 1,089 (around Rs.44,000)

Global steel prices have increased from around
US$ 600 per ton in Dec'07 to US$ 970 per ton in Mar'08

While forging quality carbon steels in India are selling at Rs.45,000 per ton, prices in China were at around CNY 5,980 about Rs.34,000 per ton ex-factory and in USA prices were at around US$ 900 about Rs.36,200 per ton ex-factory. Prices in Europe are at around Euro 675 about Rs.42,000 per ton

Currently import price of steel ranges between Rs.48,000 to Rs.49,000 per ton landed at Indian port including taxes and duties

Landed prices of forging quality steels are below Rs.39,000 per ton + duties and taxes as against Indian steels at Rs.45,000 per ton + duties and taxes

Prices of Indian steels are cheaper than international prices by Rs.8,000 to Rs.9,000 per ton

Indian steels are most expensive on an ex-factory basis by Rs.8,000 to Rs.9,000 per ton compared to ex-factory prices in international markets inspite of access to abundant iron ore

Factoring in 25% export duty levied on exports of steel by the Chinese Government is unfair since such a levy distorts the landed price of international steels in India.

Chinese Government dissuades export of commodities and encourages export of finished parts.

India is competitive in forgings and automotive component sectors

The recent hikes in steel prices in India have made steel available to Indian forging and auto component manufacturers more expensive by Rs.8,000 to Rs.9,000 per ton rendering Indian manufacturers with a considerable cost disadvantage

Even Indian automotive majors have started importing from China. One automotive major reportedly has targeted to import around Rs.200 crore worth of automotive parts in 2008-09 from China.

The livelihood of millions of people will be impacted if this situation continues

Joint submission

To alleviate the situation AIFI proposes to call for the following action from the policy makers –

• Ban steel export or levy export duty.
• Ban iron ore export or levy export duty on iron ore (as China does on coke exports)
• Remove restriction on import of all scrap including rails
• Import duty on pig iron and met coke to be made nil

AIFI also sought support from PSU steel mills to price steel at least on par with ex-factory prices of Chinese / American mills, without sea-freight.

AIFI also called for a more rationalized and India friendly pricing from all steel manufacturers. AIFI may also consider invoking MRTP to seek recourse.

“Indian steel manufacturers have assured access to key inputs – coke and ore. In fact the PSU steel mills have 100% captive mines. Yet, all players are quick to revise prices to match landed price of imported steel. End result is that we see price for Indian consumers is higher than for those in China or even USA. The volatility caused by this and the resultant turbulence in end pricing is going to cost India very dear in terms of gaining good foothold in the international markets for not just forgings but for many of the component industries,” noted Mr. Vidyashankar Krishnan, President – AIFI.

“Large number of foundries are virtually caught between the supply chain pushing up the cost regularly and lack of compensation from customers .During the last 6 months the cost of scrap, Pig iron, Coke, Ferro alloys etc have gone up by 40% to 50 % with steep increases in the last 2 months and many foundries who are Tiny or small scale are finding it extremely difficult to sustain operations and have started reducing their output .The steel scrap price in the Indian market (landed ) is more than European market “making the foundries noncompetitive”, noted Mr V Mahadevan President - IIFM .

Mr.Seetharaman, Chairman – Southern Region, AIFI informed that “India’s status as a global small car hub is under severe threat. India will also lose its status as a global auto component supplier, if the situation is not addressed immediately”.

Exports of forgings constitute approximately 15% of the industry’s production as of date. In 2006-07, forging industry’s exports recorded a growth of almost 23% in 2006-07 and reached a level of US$ 360 million. In 2007-08, it is expected to reach US$ 430 million during 2007-08 (a growth of 19.5%).

The steel price conundrum

Pricing of steel in India is a complex matrix and is not totally free market pricing across the board

• India has both iron ore and coal – key ingredients for steel.
• PSUs like SAIL have 100% captive iron ore and coal mines. Tata Steel almost does.
• Indian steel mills maintain prices equivalent to landed prices of imported steel, but do not incur freight charges. Steel being bulk material, freight is a significant component.
• With the marking to market practice of equating to the landed cost of steel imports, Indian consumers are being charged rates higher than in USA and China.
• Steel making companies have been recording EBITDA’s between 30 and 60%.
• Even ore is priced internationally in India. (gross margin of around 70%)

Background Information

The Indian Forging Industry

• The composition of the Indian forging industry can be categorized into four sectors - large, medium, small and tiny. As is the case world over, a major portion of this industry is made up of small and medium units / enterprises (SMEs). About 200 organised and 1000 unorganised forging units in the country spread across Pune, Chennai, Delhi and Ludhiana.
• Steel forgings are an integral part of auto industry. The automotive industry is the main customer for forgings (70%). Hence while computing the demand estimates for the forging industry the movements in the Auto Industry form a major aspect, although the trend is now gradually changing to non-auto alternatives. About 30% is sold to non-auto companies like valves, power sector, earth moving, mining & oil field equipment, engineering, capital goods, etc.
• As per estimates the industry provides direct employment to about 200,000 people, contributing directly to the livelihood of more than three quarter of a million people
• The total capacity at present is estimated to be about 1.5 Million tons per annum
• The total estimated production of forgings for the year 2006-07 was 983,000 metric tonnes. It is expected to cross the 1 million MT mark for the year 2007-08
• The industry’s exports recorded a growth of almost 23% in 2006-07 and reached a level of US$ 360 million (15% of the production). It is expected to reach US$430 million during 2007-08

The spokespersons at the press conference

· Mr. Vidyashankar Krishnan, President – AIFI and Managing Director of M M Forgings Ltd.

· Mr. Mahadevan, President – Indian Institute of Foundry Men and Managing Director, Hinduja Foundries.

· Mr. S. Seetharaman, Chairman - Southern Region of AIFI and Managing Director, Super Auto Forge Limited.

· Mr.J.R.Sethuramalingam, Chairman for Tamil Nadu and Pondicherry, Builders Association of India.

Source: Press release distribution via India PRwire

AIFI

AIFI established in 1965, is the spokesman of the Indian Forging Industry.

AIFI is an apex All-India trade association constantly endeavouring to look at new areas through which it will be able to continuously improve the quality of service to its members and establish a dialogue between the Indian Forging Industry with its counterparts abroad as also the various other user and vendor segments. This it does through various seminars, international conferences such as the Asia Forge, collection and dissemination of information to and about its members, sending delegations abroad for participation in various trade fairs and exhibitions, receiving business delegations on a reciprocal basis and arranging visit to member companies’ plants etc. thus affording a broader understanding about the contemporary forging technology and future developments and opportunities likely in the Indian forging industry and the forging fraternity worldwide . Association of Indian Forging Industry (AIFI) hosted ASIAFORGE 2008 at New Delhi from March 17, 2008 to March 19, 2008

INDIAN INSTITUTE OF FOUNDRYMEN

IIFM represents the foundry industry and has more than 3500 members.

Largest number of foundries are members.

The foundries are supporting Automobile, Machine building, sanitary needs, house hold needs, etc.

40% of the output of the foundries are for the Automobile sector

The foundry industry has 4500 foundries in India producing around 7 mil tons of castings many of them are Tiny/Small/Medium scale.

The industry gives employment to more than 500000 directly and three times indirectly.

It is estimated that foundries export castings worth Rs.4,000 crores in 2007-8

Builders Association

It is an all India body and the only apex body for representation of builders voice. This has around 90 centres comprising of 10,000 direct members and approximately 40,000 indirect members. Upgrades their members by frequently conducting seminars and workshops.

“The Service Center is scheduled to be in operation in the first half of 2009, at an investment cost of some EUR 30 million (Rs 165 crore).The new Service Center, with an annual capacity to stock and process some 50 000 tons of stainless steel coil, willsignificantly complement the services that Outokumpu's Indian sales office has been providing to Indian customers.” Said Outokumpu CEO, Juha Rantanen.

"We already have two sales offices in India and now plan to set up a service centre here to cater to our customers. We are looking at sites close to ports such as JNPT near Mumbai and Taloja," Rantanen added .

“TheService Center will have cut-to-length, slitting, polishing and brushing lines to serve among others the metals goods,equipment fabrication, process industries, as well as welded pipe and tube manufacturers. The cold rolled stainless steel coil supply will come mainly from Outokumpu's integrated stainless steel mill in Tornio, Finland.” Ranaten further said

Outokumpu already has two sales offices in India one at Delhi and the other at Mumbai. Company’s products are in high demand in segments such as architecture, process equipment manufacturing and fabrication firms. "We consider India as a high-potential market and have committed an investment of Euro 30 million in the country over a two-year period," Rantanen said.

Outokumpu would decide on the site of its service centre soon, he said, adding both JNPT and Taloja were close to ports with good road connectivity and in proximity to end-users. The service centre would operational in two years and would process materials locally for end-users, the CEO said.

"Mumbai, Pune and the western region comprise nearly 50 per cent of the stainless steel market in India," he said. The $7-billion Finnish firm was also mulling the possibility of setting up a cold-rolled steel mill here in the medium-term "which will involve an outlay of several hundreds of million Euros," Rantanen said, without divulging details. He said, while the market opportunity was undisputed, "we still need to conduct technical and financial feasibility studies."

Source: Press release distribution via India PRwire

RAKIA entered into a MoU that covers the entire mining-to-export chain of coal industry that transcends beyond the industry vertical and looks at developing and supporting other possible industries, is expected to immensely benefit India’s coal sector and other industrial minerals and metals.

The MoU signed by RAKIA officials and His Excellency Syahrial Oesman, the Governor of South Sumatra, Indonesia encompasses developing a world class integrated industrial and logistics infrastructure including rail transport corridor, deep water sea port to handle bulk and container cargoes.

The MoU also includes building of an industrial park for metals refining, smelting and metal based fabrication industries, bio technology parks, Palm, rubber and other agro-base industries, captive power plants and supporting infrastructure.

Under the MoU, the Government of South Sumatra Province will provide sufficient land and fast-track the approval and licensing process to build new port, industrial parks, power plant, and residence and leisure facilities.

The Government of South Sumatra will also facilitate RMMI to get licenses and off-take agreement of natural resources like coal and metallic ores to support the raw material requirement of local industries and the planned power plant.

The Province of South Sumatra, which holds the largest resources of coal in Indonesia, aims to capitalize its strategic location and get the full benefits from its natural resources and agriculture-based economy to induce social and economic growth in the region by attracting investments in the minerals / ore processing industry, agro-businesses, bio-technology industries and, oil and gas refineries.

Commenting on the signing of the MoU, His Excellency Syahrial Oesman, Governor of South Sumatra, Indonesia, said: “We are delighted to partner with RAKIA on this prestigious project. RAKIA has capabilities to undertake the development and financing of such large integrated developmental projects. RAKIA’s mandate is to create robust infrastructure to support export-import and inter-island activities, so that the natural resources from South Sumatra Province can compete globally, efficiently and effectively.”

He added: “With the planned world class industrial city at Tanjung Api-Api, Sumatra will be able to support and attract investments in the minerals / ore dependent heavy industries, Palm, rubber and other agro-businesses and bio-technology industries. The idea is to plan and develop port plus supporting infrastructure in a manner that it encourages economic growth in Sumatra and adjoining province as well as in the country.”

Commenting on the signing of MoU, Mr. Madhu Koneru, Managing Director of RMMI said: “The MoU is in line with our commitment to develop minerals and metal networks in the world. We have planned to invest more than US$ 1 billion in 2008 towards development of strategic resources and infrastructure projects in Asia and Africa, including India.”

“The MoU with resource rich Sumatra – where we plan to develop a suitable freight corridor and port infrastructure – will allow us to develop cost effective and efficient export route of thermal coal and other natural resources to India and other Asian and Middle Eastern markets. In fact, when this infrastructure is ready, it will be one of biggest suppliers of minerals and metals to India. I foresee huge Sumatra attracting huge investments from India to set up industries on this island.”

RAKIA and RMMI have been formed under the patronage of His Highness Sheikh Saud Bin Saqr, Al Qasimi, Crown Prince and Deputy Ruler of Emirates of Ras Al Khaimah. RAKIA has developed state-of-the-art Industrial Free Zone and support infrastructures in Ras Al Khaimah wherein it has attracted investment in surplus of US$ 5 billion in last 2 years.

This Industrial park houses natural resource dependent medium and large industrial houses due to its proximity to the largest bulk handling port of Ras Al Khaimah. RMMI is focused towards development of natural resources and support infrastructure in Asia, Africa and CIS countries to capitalize demand of minerals and metal requirements in Middle East and Asia. It is already operating ceramic raw material business in Indonesia and currently evaluating take over options of large coal mines in Indonesia.

Source: Press release distribution via India PRwire

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The 3-day event will showcase state-of-the-art-technology from the top tube & pipe, metallurgy and welding, cutting and joining companies, suppliers, distributors, raw material suppliers etc. The show will provide a unique platform both Indian and international exhibitors todisplay and also have interactions with the key decision makers from the industry.

Quote from Mr. Udo Schuertzmann, Managing Director, Messe Düsseldorf India Pvt. Ltd, said, “The growing need to improve infrastructure in the country today is an immense opportunity providing ample scope for improvement in this area. To highlight the growing needs, changes, growth and the constant innovations in the Tube and Pipes, metallurgy and welding industries worldwide, these shows bring together the best companies from both India and abroad. This exclusive platform is not only likely to attract overseas investment in this sector but will also establish India as a major manufacturing base.”

“The current market figures show us that the international tube and metallurgy industry could use the Indian steel, welding and metal industry to collaborate and source its requirements for meeting existing and new needs of the consumer industries, worldwide. With the dawn of liberalization, there has been a remarkable growth in industries such as oil and gas, automobile industry and the overall infrastructure industry,” he added.

The Tube and Metallurgy show will have more than 110 exhibitors from the top tube and pipes and metallurgy Indian and overseas companies present. The prominent exhibitors include Caparo Tubes, Electrostal Heavy Engineering Works – EZTM, Engineering Export Promotion Council, Flash Forge, Gallium Industries, Jindal Stainless Steelway Steelitalia Ltd., Kirtanlal Steel, KLT Automotive, Linsinger Maschinenbau GmbH, Multimetals Limited, Nippon Steel Trading Co. Ltd., Nuclear Fuel Complex - Tubes Division, Outokumpu India, SMS Demag AG, SMS Meer GmbH, TATA Steel - Tubes Division, Vulcan Engineers, Zelezarny Veseli. Participation from overseas will be from 18 countries (Czech Republic, Italy, P. R. China, Russia, South Korea, Taiwan, United Kingdom, USA and others) and country pavilions will be showcased by Austria, China and Germany.

Schweissen & Schneiden India 2008 will have more than 100 exhibitors from the top welding, cutting and joining companies present at this show. The prominent exhibitors are Abicor Binzel, ADOR, D & H Sécheron, Diffusion Engineering, Enar Weld Braze, Fine Arc, igm Roboticsystems, Metallizing Equipment, Memco, Modi Arc, Mogora Cosmic, Primo Automation, Raajratna Electrodes, TOX ® Pressotechnik (India), Veepees India, Venus Wire.

The Chinese Mechanical Engineering Society (CMES) is bringing a large contingent for the Chinese pavilion. The American Welding Society (AWS) is going to be present for the first time and so is the Italian Institute of Welding.

The show is being supported by DVS (German Welding Society) and VDMA (Metallurgical Plants & Rolling Mills). The International Tube Association (ITA), the Indian Welding Society (IWS), and the Asian Industry & Information Services (Minerals & Metal Review), a Binani Media Enterprise are working in conjunction with Messe Düsseldorf India for this mega – event.

The show will have conferences on Pipe Dream India 2008, Mission Metallurgy India 2008 and IWS2K8 and talks from industry veterans, both national and international and will provide a platform at an international level to address issues related to the tube pipes, welding and metallurgy highlighting the various environmental issues related to the industry.

The prominent industries expected to visit include Oil, Gas, Irrigation and Chemical Industry Engineers, Electrical Industry, Automotive Component Manufacturers, cycle, Shipbuilding, Construction Industry, Aircraft and Transport Component Manufacturers, R & D Establishment, Machinery and Equipment Manufacturers, technology suppliers and seekers, Investors & Promoters, etc.

Source: Press release distribution via India PRwire

About Messe Düsseldorf India Pvt. Ltd.

Messe Düsseldorf India Pvt. Ltd, the Indian subsidiary of Messe Düsseldorf GmbH is one of the biggest and most successful trade fair organizers in the world. Some of the leading shows worldwide include Tube Düsseldorf, GIFA/METEC, INTERPACK, DRUPA and so on.

SMPL, known for the widest range of mild steel long products, is focusing on both the organic and inorganic routes for the expansion. The endeavour will help the company to emerge as the largest secondary steel company in

India.

The company had a sale of Rs 726.39 crores as at end June 2007(FY). SMPL has targeted to reach a sales level of Rs. 3100 crores by 2010. Also the company plans to enhance its profitability from Rs 22 crores to an estimated Rs 300 crores by 2010.

An investment to the tune of Rs 1600 crore would be made in two phases for the proposed expansion. In the first phase of expansion worth Rs 800 crore, the amount is proposed to be met through the equity from promoters, internal accruals and long term debt.

The company is presently evaluating various options for funding the second phase of another Rs 800 crore.

With the acquisition of three companies to the already existing two, Sujana Metal Product’s takeover tally has increased to five in less than 12 months. Three more companies for acquisition are in the process of evaluation one each at Chennai, Hyderabad and Visakhapatnam.

SMPL plans more acquisitions in the next three years to cater the fastest growing realty and infrastructure markets in South India.

Even by the end of current financial year June 2008, SMPL will have the widest range of mild steel long products amongst all the steel product companies in the country. The company plans to be among the largest steel producers by 2010.

“Our unique model of locating integrated steel production facilities at decentralised locations has created a win-win situation for us and our clients,’’ said Mr Y S Chowdary, Chairman, Sujana Group of Companies. “Our large base of corporate customers has been growing because of increased customer satisfaction. We are known for consistently product quality, reliability, competitive pricing and timely delivery.”

The company commands a premium in the market as compared to its competitors. While the sales are targeted to treble, EBITDA per ton is likely to grow by 4 (four) times.

The growth plans of the SMPL hinge on higher percentage of value added products (entire range of structural steel and ready to use steel), forward integration—ready to use steel and complete backward integration up to the stage of iron ore mining. Through backward integration, the company can control over all stages of the manufacturing and supply chain process.

“Being a principal supplier to construction majors, Sujana Metal Products Ltd is today reckoned as the backbone of the booming realty and infrastructure sectors,” said Mr V S R Murthy, Group Director, Sujana Group.

First to launch ready-to-use steel

Sujana Metal Products today became the first company in India to launch ready-to-use steel products for commercial use. Among the range is ready-to-use TMT for customers in the construction and infrastructure sectors.

“Customised TMT brings immense gains for the construction industry,” said Mr V S R Murthy, Group Director, Sujana Group of Companies. “Such products not only accelerate project work but also eliminate wastage, resulting in huge savings for the realty and infrastructure sectors. Another major gain is that it cuts labour costs.”

Source: Press release distribution via India PRwire

About Sujana Metal Products Ltd:

Incorporated in 1988, Sujana Metal Products Ltd is known for its trend-setting TMT, structural steels. SMPL manufactures the widest range of user-friendly construction steel products, reducing cost & wastage and providing customer satisfaction.

SMPL, with ISO 9001:2000 certification for manufacture and supply of structural and alloy steel sections, is a leading company in South India. Its products are known for their strength, resistance to heat & corrosion and excellent weld-ability.

The 3-day event will showcase state-of-the-art-technology from the top tube & pipe, metallurgy and welding, cutting and joining companies, suppliers, distributors, raw material suppliers etc. The show will provide a unique platform both Indian and international exhibitors todisplay and also have interactions with the key decision makers from the industry.

Quote from Mr. Udo Schuertzmann, Managing Director, Messe Düsseldorf India Pvt. Ltd, said, "The growing need to improve infrastructure in the country today is an immense opportunity providing ample scope for improvement in this area. To highlight the growing needs, changes, growth and the constant innovations in the Tube and Pipes, metallurgy and welding industries worldwide, these shows bring together the best companies from both India and abroad. This exclusive platform is not only likely to attract overseas investment in this sector but will also establish India as a major manufacturing base."

"The current market figures show us that the international tube and metallurgy industry could use the Indian steel, welding and metal industry to collaborate and source its requirements for meeting existing and new needs of the consumer industries, worldwide. With the dawn of liberalization, there has been a remarkable growth in industries such as oil and gas, automobile industry and the overall infrastructure industry," he added.

The Tube and Metallurgy show will have more than 110 exhibitors from the top tube and pipes and metallurgy Indian and overseas companies present. The prominent exhibitors include Caparo Tubes, Electrostal Heavy Engineering Works – EZTM, Engineering Export Promotion Council, Flash Forge, Gallium Industries, Jindal Stainless Steelway Steelitalia Ltd., Kirtanlal Steel, KLT Automotive, Linsinger Maschinenbau GmbH, Multimetals Limited, Nippon Steel Trading Co. Ltd., Nuclear Fuel Complex - Tubes Division, Outokumpu India, SMS Demag AG, SMS Meer GmbH, TATA Steel - Tubes Division, Vulcan Engineers, Zelezarny Veseli. Participation from overseas will be from 18 countries (Czech Republic, Italy, P. R. China, Russia, South Korea, Taiwan, United Kingdom, USA and others) and country pavilions will be showcased by Austria, China and Germany.

Schweissen & Schneiden India 2008 will have more than 100 exhibitors from the top welding, cutting and joining companies present at this show. The prominent exhibitors are Abicor Binzel, ADOR, D & H Sécheron, Diffusion Engineering, Enar Weld Braze, Fine Arc, igm Roboticsystems, Metallizing Equipment, Memco, Modi Arc, Mogora Cosmic, Primo Automation, Raajratna Electrodes, TOX ® Pressotechnik (India), Veepees India, Venus Wire.

The Chinese Mechanical Engineering Society (CMES) is bringing a large contingent for the Chinese pavilion. The American Welding Society (AWS) is going to be present for the first time and so is the Italian Institute of Welding.

The show is being supported by DVS (German Welding Society) and VDMA (Metallurgical Plants & Rolling Mills). The International Tube Association (ITA), the Indian Welding Society (IWS), and the Asian Industry & Information Services (Minerals & Metal Review), a Binani Media Enterprise are working in conjunction with Messe Düsseldorf India for this mega – event.

The show will have conferences on Pipe Dream India 2008, Mission Metallurgy India 2008 and IWS2K8 and talks from industry veterans, both national and international and will provide a platform at an international level to address issues related to the tube pipes, welding and metallurgy highlighting the various environmental issues related to the industry.

The prominent industries expected to visit include Oil, Gas, Irrigation and Chemical Industry Engineers, Electrical Industry, Automotive Component Manufacturers, cycle, Shipbuilding, Construction Industry, Aircraft and Transport Component Manufacturers, R & D Establishment, Machinery and Equipment Manufacturers, technology suppliers and seekers, Investors & Promoters, etc.

Source: Press release distribution via India PRwire

About Messe Düsseldorf India Pvt. Ltd.

Messe Düsseldorf India Pvt. Ltd, the Indian subsidiary of Messe Düsseldorf GmbH is one of the biggest and most successful trade fair organizers in the world. Some of the leading shows worldwide include Tube Düsseldorf, GIFA/METEC, INTERPACK,