Friday, November 30, 2007

'Tummala' vari Vanabhojanalu for 2nd December

'Tummala' vari Kartheeka Masam Vanabhojanalu:
Tummalavari Seva Samithi preparing for Vanabhojanalu on 2nd December in Vijayawada:
Venue: Poranki, Garden opposite to Srinivasa Cinema Talkies..
Cont: Tummala Chakravarthy: 9885144474

3i India Infrastructure Fund Invests $101 Million in Soma Enterprise

Hyderabad’s engineering and construction firms continue to attract private equity investments. 3i India Infrastructure Fund, an investment fund established by 3i Group, has invested $101 million for a minority stake in Soma Enterprise Ltd, a city based engineering and construction firm. Company Chairman and MD, Ankineedu Maganti and his family will maintain a large majority stake in the business, a release said.

Previously, Hyderabad’s infrastructure construction companies like Ramky Infrastructure ($28 million from Sabre-Abraaj, IL&FS Investment), Ramky Group ($100 million from Lehman Brothers), KVK Energy & Infrastructure ($26 million by Old Lane) and Indu Projects ($33 million from Citigroup Venture Capital) have landed private equity funding.

Established in 1997, Soma is a large infrastructure developer in India with an order book of $1.6 billion. It is a leading player in the infrastructure construction industry, specialising in multi-disciplinary engineering, procurement and construction (EPC) contracts across segments such as roads, irrigation, hydropower and urban infrastructure. The company is increasingly concentrating on developing build-operate-transfer (BOT) projects.

2) 3i, world leading venture capital and private equity company is investing $25.8m in Vijai Electricals Limited ("Vijai").

Vijai (Dasari Jai Ramesh, Chairman) is among the largest players in the power transmission and distribution equipment industry. The company is investing over $70m in expanding its product range to include extra high voltage power transformers and switchgear through technology tie-ups with majors in Japan and Russia. Vijai is also a leading player in undertaking turn-key projects in the transmission and distribution space.

3) 3i, is also investing $44.4m in Navayuga Engineering Company Limited ("NECL").

NECL (Chinta Visveswara Rao, Chairman) is a leading player in the infrastructure construction industry and is specialised in undertaking multi-disciplinary EPC (engineer, procure, construct) contracts in ports, irrigation, hydro-power and bridges. It has an order-book in excess of $1bn and an impressive track-record in quality and delivery. It has embarked on an ambitious expansion plan through investments in BOTs (build-operate-transfer projects) in specific area.

Thursday, November 29, 2007

Kamma MLA, MP, Ministers (Present) from Tamilnadu

List of MLA's in the present Tamilnadu Assembly :
  1. Arcot Veeraswamy (Anna Nagar/Chennai - DMK)
  2. B.Ranganadhan (Villivakkam/Chennai - DMK)
  3. D.Sudarsanam (Punamallee/ Kanchipuram - Cong-I)
  4. K.Gopinath (Hosur - Cong-I)
  5. K.S.Vijayakumar (Gummadipundi/Chennai Suburban - AIADMK)
  6. L.Radha Krishnan (Kovilpatti - AIADMK)
  7. K.Pandurangan (Anicut/Vellore - AIADMK)
  8. R.Gnanadoss (Sivakasi - MDMK)
  9. Chinaswamy (Singanalluru - AIADMK)
  10. AV Velu (Thandarambattu - DMK)
List of MP's in the present Parliament:
  1. R.Prabhu (Nilagiri - Cong-I)
  2. K.Venkatapathy (Cuddulore - DMK)
  3. A.Ravichandran (Sivakasi - MDMK)
Kamma Union Minister from Tamilnadu: 1. K. Venkatapathy (Minister of State for Law - DMK)

Kamma Ministers in Tamilnadu Assembly:
  1. Arcot N. Veerasamy, Minister for Electricity and Rural Industries
  2. AV Velu : Minister for Food

Wednesday, November 28, 2007

Navayuga submits proposal for 12 million tonne steel plant in Orissa

Hyderabad based Indian company 'Navayuga Group' has dared to rival Arcelor-Mittal and Posco, by proposing to establish a gigantic 12 million tonne per annum steel mill in Orissa.

Mr U P Singh state secretary for steel & mines of Orissa said that “We have received a proposal from Navayuga group for a 12 million tonne per annum capacity unit.” He added that Navayuga group is interested to set up a port based steel facility, preferably at Astaranga in Puri district of Orissa.

A state government official said that “Navayuga group’s proposal for developing a port is in the final stages of getting approval, but the state government is yet to examine its application for setting up a mega steel plant. The land and water requirements as well as raw material linkage have to be studied. The proposal will be placed before the single window clearance authority headed by the chief secretary before a decision is taken.”

Mr Chinta Visveswara Rao chairman of Navayuga Engineering Company Limited had earlier made a presentation before Mr Naveen Patnaik chief minister of the state about the groups plans to develop a port at Astaranga on a build own operate share transfer basis with an investment of INR 6000 crore. A source said that Navayuga group had earlier requested the state government for 5000 acres of land for its port complex and other projects, including a 1320 MW captive power plant, fly ash brick unit and desalinization facility. It had also suggested the government for construction of a 50 kilometer long railway link between Khurda Road to Astaranga via Sakhigopal at an investment of INR 400 crore through the public private partnership mode.

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Tuesday, November 27, 2007

Harikrishna eliminated from the World Cup Chess

November-26, KHANTY-MANSIYSK (Russia): Pentela Harikrishna was upset by China's Zhao Jun. Hari, rated more than 110 elo points higher than Zhao, was knocked out in the tie-breaker. Zhao won the second game of the rapid tie-breaker and eliminated in first round tie-breakers on Monday.

ANTALYA - TURKEY: Gogineni Rohit stands in 26th place with 5.5 points after the ninth round at the World Youth Chess Championships in Antalya, Turkey.

Monday, November 26, 2007

Kamma Sangham Kukatpally Mega function

Hyderabad, November 25: Kakatiya Seva Samithi Kammavari Sangham, Kukatpally arranged "Kartheeka Masam Vanabhojanalu" and also Inauguration of the "Boys Hostel" and Senior Citizens home" at the Kakatiya Seva Samithi premises Nizampet road-Kukatpally.
Over 70000 Kammas from all corners of the twin cities were attended to this mega function and made it a very big success. Kukatpally Kamma Sangham President Arekapudi Gandhi made good arrangements for this function like never before done in the twin cities.

The following persons were attended to the function:
Mrs.Purandeswari (Union Minister), Dr..Kakarla Subba Rao, Sri.Devineni Mallikarjuna Rao MLA-Repalle, Sri.Gorantla Buchaiah Chowdary Ex.Minister, Sri.Tummala Nageswara Rao Ex.Minister, Sri.Tripuraneni Hanuman Chowdary, Mrs.Gottipati Sayavani, Sri.Velagapudi Gopala Krishna Prasad, Sri.T.R.C.Bose, Sri.Parchuri Hanumantha Rao, Sri.Thammareddy Bharadwaj, Sri.Atluri Subba Rao and many other eminent Kammas were attended to the colorful and well disciplined function.
Ramineni, Kode, Kudaravalli families contributed huge donation for the construction of "Boys hostel" and Sri.Velagapudi Gopala Krishna Prasad alone contributed money for the construction of "Senior Citizens home"...

Harikrishna drew his first round game in Chess World cup

KHANTY-MANSIYSK (Russia), November 25: Indian Grand Masters Pentela Harikrishna drew his first games as the Chess World Cup got off to an exciting start here with the first round producing a number of surprises.
Harikrishna drew with Zhao Harikrishna Jun (China) and will now be looking for wins in the second round games on Sunday. came under slight pressure after the opening but he avoided creating any weakness in his position. His opponent could not make any headway against Hari's solid defence and the players agreed to a draw after 30 moves in a level position.

Sunday, November 25, 2007

UNPA Rythu Garjana, very big success

The Telugu Desam Party (TDP) took out an impressive rally from NTR Circle to VR Siddhartha Engineering College where it organised Rythu Garjana public meeting to highlight the problems of farmers and demand Minimum Support Price (MSP) for paddy and 13 other crops.

TDP sympathisers and leaders participated in large numbers turning the entire National Highway 9 from the NTR Circle to the venue of Rythu Garjana a stream of humanity.

TDP followers from various parts of coastal districts came in lorries, buses and two-wheelers to make the rally a big success.

Normal life in the city virtually came to a halt with all roads leading to the Rythu Garjana venue witnessing an endless flow of traffic. National leaders of the United National Progressive Alliance (UNPA) participated in the rally after garlanding the statue of legendary actor and former chief minister N.T. Rama Rao at the NTR Circle. Samajwadi Party president Mulayam Singh Yadav and SP leader Amar Singh and UNPA convenor N. Chandrababu Naidu paid floral tributes to NTR by placing a huge garland on his statue.

Over 6 lakh people, were attended to this meeting. Vijayawada faced the flood of farmers were coming from all coastal districts.

The nascent United National Progressive Alliance on Saturday chalked out a political strategy centred around farmers, unemployed youth and the poor in a bid to create an alternative political force at the national level with regional parties playing a crucial role.

Leaders of six regional political parties met in this coastal city for the first-ever conclave of the UNPA to discuss pressing issues as wide-ranging as terrorism, special economic zones, lucrative agriculture, Taslima Nasreen, law and order, Indo-US deal and national calamities.

Convened by former chief minister N. Chandrababu Naidu, the conclave resembled a similar political meet held here 23 years ago by his father-in-law and TD founder N.T. Rama Rao. It was Rama Rao, who had brought all regional political parties onto a common platform in Vijayawada leading to the formation of the National Front and eventual capture of power in New Delhi.

The UNPA leaders led by Samajwadi Party president and UP former chief minister Mulayam Singh Yadav want to repeat history from this once political capital of Andhra Pradesh through realignment of non-BJP and non-Congress political forces to form the next government at the Centre.

"We met in Vijayawada 23 years ago under the leadership of NTR who was the chief minister then. This Vijayawada meeting will make a new beginning for a new India, an India that is democratic, healthy and strong," National Conference leader Farooq Abdullah said. Of the UNPA leaders who participated in Saturday’s conclave, only Mr Abdullah was the part of the NTR’s National Front meeting held in 1983.

Apart from the Telugu Desam, the Samajwadi Party and the National Conference, other UNPA constituent parties that attended the conclave were Jharkhand Vimochana Morcha (Babu Lal Marandi), Asam Gona Parishad (Brindawan Goswami) and Indian National Lok Dal (Om Prakash Chautala). Mulayam Singh Yadav was aided by his lieutenant Amar Singh, who is also the official spokesperson of the UNPA.

Its last minute efforts notwithstanding, the UNPA failed to convince the Left, whose support is crucial for the third front to emerge as a formidable national force, to participate in the Vijayawada conclave. Even the CPI’s All-India Kisan Sabha stayed away despite promise by its general secretary Atul Kumar Anjan to make it.

Mr Mulayam Singh simply said they had been sailing with the Left for long, evading a directly reply to the question on why the CPI and the CPI(M) had stayed away from the conclave.

That the UNPA wants to take the support of the Left was clearly evident from the resolutions it adopted on the Nandigram, without criticising the Left Front government in West Bengal. Instead the UNPA sought to put the blame on Bangladeshi writer Tasleema Nasreen for the Nandigram fallout in Kolkata.

The UNPA leadership, despite discussing several issues, made the conclave appear as the forum on farmers’ problems. The Rythu Garjana (farmers’ roar) rally that followed the UNPA conclave focused on issues concerning farmers, particularly those growing paddy.

The UNPA demanded interest-free loans for small and marginal farmers and reduction in interest rate to three per cent for all agricultural loans, besides a one-time waiver of all cooperative and commercial bank loans borrowed by the farming community.

The other demands, that the UNPA had put forth to project itself as "farmer-friendly" political alliance, include implementation of Swaminathan Committee report on minimum support price, crop insurance and national agricultural insurance scheme for all crops with village as a unit, increase in subsidy on agriculture, no fertile land conversion into SEZs and health insurance for ryots.

Pointing out that over one lakh farmers have committed suicide across the country during the three-and-a-half years of the UPA rule, Naidu demanded that the Centre should give one time waiver on crop loans of small and marginal farmers, slash the interest rate on farm loans to 3 per cent from the present 7 per cent and increase the MSP on wheat, paddy, maize, cotton, groundnut, sugarcane, coconut, pulses, jowar, millets, oil seeds and all other agricultural products.

Saturday, November 24, 2007

Yellow fever in Vijayawada

It's yellow fever now every where in Vijayawada. UNPA organising a big rally and meeting with about 10 lakh farmers in V.R.Siddartha Engineering College grounds, Kanuru, Vijayawada today.

UNPA leaders, including Samajwadi Party President and former UP Chief Minister Mulayam Singh Yadav, Asom Ganaparishat chief Brundavan Goswami, National Lokdal leader Om Prakash Chautala and National Conference leader Farooq Abdullah, former
Jarkhand Chief Minister Babulal Murandi are participating in the meeting. While CPM is not attending the rally, CPI has deputed its Kisan Sabha secretary Atul Anjan.

The leaders will participate in a rally from NTR Circle at 2 p.m., which will culminate at V.R. Siddhartha Engineering College grounds for a public meeting at 3 p.m. The rally will cover a 4-km stretch of NH-9 towards Machilipatnam, passing through some of the busy commercial localities. The route of the rally as well as the venue of the public meeting have already been decked up with banners, cut-outs, flags, buntings and various other publicity material in yellow.

UNPA convener and Telugu Desam Party chief N Chandrababu Naidu hoped that UNPA would emerge as a formidable force capable of influencing the course of political events after the next Lok Sabha elections.
"It is only a matter of time that other like-minded parties join our efforts and the Third Front eventually emerges", said Naidu, a key player in recently-formed alliance.

Inauguration of Kamma Boys hostel - Kukatpally

Grand Inauguration of Kamma Boys hostel and Old age home at Kamma Sangham premises, Nizampet Road - Kukatpally on 25-November at 10:30 AM.

Kamma Sangham - Kukatpally, Hyderabad has completed the construction of Boys hostel to accommodate 500 boys and Old age home for 90 persons. All eminent Kamma persons including Ministers, MLA's, MP's, Ex.Ministers are attending to this grand function. Kukatpally Kamma Sangham President, Mr.Arekapudi Gandhi has informed that they are preparing arrangements for an expected gathering of 75000 Kammas.

Chief Guests:
Mrs.Renuka Chowdary: Union Minister of State for Women and Child Development
Mrs.D.Purandareswari: Union Minister of State for Human Recourse development
Maganti Venkateswara Rao: Minister for Minor Irrigation - AP

All Kammas are invited to this mega function..

Friday, November 23, 2007

Paladugu VenkataRao in the PCC President's race

Senior congress leader, Ex.Minister, MLC Paladugu Venkata Rao yesterday met Veerappa Moili, AICC in-charge of Congress affairs in Andhra Pradesh and demanded for Andhra Pradesh PCC president chair to coastal AP, also he informed that he is the aspirant for the post of PCC President.

Thursday, November 22, 2007

Inauguration of Kamma Boys hostel - Kukatpally

Grand Inauguration of Kamma Boys hostel and Old age home at Kamma Sangham premises, Nizampet Road - Kukatpally on 25-November at 10:30 AM.

Kamma Sangham - Kukatpally, Hyderabad has completed the construction of Boys hostel to accommodate 500 boys and Old age home for 90 persons. All eminent Kamma persons including Ministers, MLA's, MP's, Ex.Ministers are attending to this grand function. Kukatpally Kamma Sangham President, Mr.Arekapudi Gandhi has informed that they are preparing arrangements for an expected gathering of 75000 Kammas.

Chief Guests:
Mrs.Renuka Chowdary: Union Minister of State for Women and Child Development
Mrs.D.Purandareswari: Union Minister of State for Human Recourse development
Maganti Venkateswara Rao: Minister for Minor Irrigation - AP

All Kammas are invited to this mega function..

Lakshmi Machine Works is ranked 17th

Lakshmi Machine Works is ranked 17th in the BusinessWeek, ‘Asia’s Hot Growth Companies’
Thirteen Indian firms have been named in a list of 100 fastest-growing small and mid-size companies in Asia, with some emerging on top in terms of sales and capital returns.
According to ‘Asia’s Hot Growth Companies’ list, prepared by US-based financial magazine BusinessWeek, India is home to a higher number of such companies than China, whose presence is limited to just eight firms. Besides, India is next only to Taiwan and Japan, which have been represented by 24 and 18 firms respectively.
Among the Indian firms, Lakshmi Machine Works is ranked 17th, followed by Kirloskar Brothers (18th) and Godrej Consumer Products (23rd). Other Indian companies named in the list are Marico (40), Colgate-Palmolive India (45), Hexaware Technologies (53), GlaxoSmithkline Pharmaceuticals (60) Panacea Biotec (68), Bajaj Hindustan (72), Motherson Sumi Systems (79), Cummins India (83), I-flex Solutions (93) and Titan Industries (98).
Lakshmi Machine Works is a Coimbatore based Kammas owned firm founded in the year 1962 by Dr.Devarajulu. Dr.D.Javardhanavelu is the present Chairman and Managing Director.

Wednesday, November 21, 2007

RFC bagged the Golden Pony Award

Ramoji Film City (RFC) has bagged the Golden Pony Award for innovation and excellence in the leisure industry.

The award instituted by Games & Parks Industry magazine was presented to RFC vice-president Rajeev Jalnapurkar at Genoa, Italy on October 26, 2007.

Speaking on the occasion, Mr. Jalnapurkar said RFC was the only Asian enterprise to win in the category this year.

Golmaal Government (CAG report)

539 crores Golmaal in 2006-07

Andhra Pradesh has wiped out the revenue deficit for the fiscal 2006-07, according to the Comptroller and Auditor General of India (CAG) report. During the fiscal, the revenue receipts were Rs 44,245 crore, while the revenue expenditure was Rs 41,438 crore.The report said that the government could build up a surplus of Rs 2,807 crore for the current fiscal.

The Comptroller and Auditor-General of India (CAG) has indicted the A.P. Government for extending “unintended and undue benefits to the tune of Rs. 539 crore” to contractors as part of ‘Jalayagnam’ under six projects envisaged on the Godavari.

The CAG report for the financial year 2006-07 was tabled in the Assembly on Tuesday. Giving the highlights of the report at a press conference, Principal Accountant-General (civil audit) of AP S.B. Pillay said that the government doled out undue benefits to contractors due to incorrect projection of materials required.

The Government, which prioritised six projects on the river, proposed to complete them in two to five years for providing water to 16.32 lakh acres in Telangana region and drinking water to the habitations en route by lifting 135.68 tmcft of water from the river.

The CAG report said there was no watch by the Director of Medical Education over the release of funds, services provided and drugs supplied to the AP Health and Medical Housing and Infrastructure Development Corporation (nodal agency) and sub-unit offices. Inspection of teaching hospitals/medical colleges was altogether neglected by the DME.

Tuesday, November 20, 2007

Count down starts for "Yamadonga" 100 days

3 days to go..

Jr.NTR's Latest Blockbuster Yamadonga will be completing 100 days in more than 60 centers on 22nd November. Yamadonga is another blockbuster movie in the combination of Rajamouli, and NTR after Student No.1 and Simhadri.

Yamadonga is also the biggest hit for Jr.NTR in overseas and one of the all time biggest hit among Telugu movies in USA.

Monday, November 19, 2007

Kammas are always No-1 in Games & Sports

Mr. Kode Durga Prasad and K. Ch Punnaiah Choudary were elected as president and secretary respectively of Andhra Pradesh Badminton Association for the term of four years (2007-2011) in the general body meeting. Both are Kammas..

Elected earlier in this year:

Lagadapati Rajagopal: President - Andhra Pradesh Olympic Association
Vankenna Chamundeswaranath: General Secretary - Andhra Cricket Association
Anil Kamineni: President - Andhra Pradesh Archery Association
K.Picheswara Rao: Secretary - All India Beach Kabaddi Federation

Dasari Jai Ramesh in the finalists list of E&Y Awards


Ernst & Young Names Finalists for Entrepreneur of the Year Awards 2007

Twenty of India’s successful entrepreneurs, who have displayed an inspiring vision, an unabated zeal and the passion to make a difference, have been identified as finalists for the coveted Ernst & Young Entrepreneur of the Year Awards 2007. Now in its 9th year in India, the awards will be announced in New Delhi on November 20.
Dasari Jai Ramesh
, Vijai Electricals name has been included in the list of finalists.
We hope he will win..

Tummalavari Picnic

Tummala vari Seva Samithi celebrated "Kartheeka Masam Vana Bhojanalu" at the "Tummalavari Old age home" ground, Vatti Nagulapalli (Near Pathancheru- Hyderabad) which was donated by Sri.Tummala Chittiaah garu, with a gathering of 500 people. It was a colorful gathering of 120 Tummalavari families. Organisers conducted cultural programmes and games for children and women, distributed prizes and gifts for every attendee.

The following are falicitated:

Sri.Tummala Chittaiah Ex.Chairman,
(AP Chamber of Commerce)
Sri.Tummala Ramesh Chandra Bose (Director-Vijai Electricals)
Sri.Tummala Rama Krishna (MD-WORLDTECH)
Sri.Tummala Raja Papaiah (Ex.Chairman, Kanaka Maha Lakshmi Temple-Vizag)
Sri.Tummala Venkateswara Rao (Secretary, Tummavari Seva Samithi)

Sri.Tummala Ramesh Chandra Bose announced Rs.1,00,000 for the scholarship fund to help the poor "Tummala" students..
Sri.Tummala Ashok Babu, Sri.Tummala Satya Prasad, Sri.Tummala Tilak are made good arrangements and good entertaining programmes, crowd enjoyed very well..
There was a very nice breakfast and Any Time Meals (ATM) arranged by Sri.Tummala Ramesh & brothers..
This is the 3rd consecutive "Tummalavari" function in Hyderabad.

Saturday, November 17, 2007

Mothinagar Kamma Sangham "Vanabhojanalu"

Mothinagar (Hyderabad) "Samaikya Kamma Sangham" is preparing for 2007-"Karteeka Masam Vanabhojanalu" on 18-Nov-2007 at Naren Gardens - Miyapur to Bollaram road.
Mukhya Athithi:
Sri.Maganti Venkateswara Rao (Minister for Minor Irrigation - AP)
Sanmana Graheetalu: 1)
Sri.Maganti Venkateswara Rao (Minister for Minor Irrigation - AP)
2)
Pancha Sahasra Avadhani Dr. Medasni Mohan

Saiteja Paladugu won the Asian Under-14 Title


Saiteja Paladugu won the Asian under-14 title in the Riffa Views Cup 2007, Bahrain “Asian 14/U Series” Tournament. He along with Riyoto Thachi (Japan) defeated Khurran (Pakistan) and Teen (Vietnam) by 7-6, 6-4 in the final.

Andhra Petro share touches year high

Andhra Petrochemicals Ltd. (ANDHRAPE) share touches new, year high Rs.34.60 today. Also the market capitalization grown up to Rs.294.00 crores.

Ananth Technologies bags the DSIR National Award


The Department of Scientific & Industrial Research, Ministry of Science & Technology, announced the winners of the National Awards for Outstanding In-house R&D Achievements (2007), in various sectors / areas of Industry.

Pavuluri Subba Rao of Ananth Technologies Ltd., received the award for designing of 12 Channel rotary telemetry system for Gas Turbine in the Electronics / Opto- Electronics Industries category

Friday, November 16, 2007

ETV Netmart online bidding portal

ETV Netmart is the web-based initiative from ETV Network for the benefit of media planners, agencies and advertisers. This B2B portal offers facility for online bidding of commercial airtime on ETV Network Channels and is meant to save time.

Media buyers considering their media planning cycle to achieve the desired reach and frequency objectives for a brand can now choose from our packages designed on the basis of several factors such as viewer ship, economy, reach and ultra frequency… all at a competitive price.

Media planners, agencies and advertisers should register themselves on the portal in order to participate in bidding and buy commercial time.

The Process:

  • Etv Netmart offers online bidding/buying airtime inventory in all Etv Network channels.
  • Agencies/Client will register to participate in bidding/buying facility.
  • Etv Netmart will be open for bidding/buying throughout the month.
  • There will be a number of exciting packages in each of the network channels for advertisers.
  • Etv will present a base cost/unit price and the number of units available in each package for each channel
  • Agencies can bid multiple packages in a channel by quoting a unit price and the number of units they want to bid.
  • Etv will evaluate all the bids at regular intervals and decide to allot/reject the bid.
  • The successful bidder will be informed through an email.
  • Subsequently the agency/client that won the bid has to send the payment and other documentation to Etv.
https://www.etvnetmart.com/

Heritage Foods plans to raise Rs.100 crore for it's expansion

Milk and milk products company Heritage Foods (India) Ltd (HFIL), which entered the organized or formal retail business with its Fresh@ brand last year, plans to raise $25 million (about Rs100 crore) to part-finance its expansion.

HFIL, which ended 2006-07 with revenues of Rs348 crore, has been promoted by family members of former Andhra Pradesh chief minister Nara Chandrababu Naidu. The company plans to raise the money by placing equity with qualified institutional buyers (QIBs) shortly. The company also plans to offer equity to its promoters through a preferential allotment to raise more than Rs.20 crore.





Richest man in Andhra Pradesh

It is neither Reddy nor Raju. It is only Kamma..
According to the Forbes magazine, Lagadapati Madhusudhan Rao (41) is the richest person in Andhra Pradesh stands at No- 33 among the richest persons in India. Also he is the youngest in the list, there is no Andhrite in the list.
Lagadapati Madhusudhan Rao is the Chairman - Lanco Infratech Ltd, the Hyderabad-based diversified group.
His net worth is 1.9 billion dollars., ahead of Vijay Mallya, N.R. Narayana Murthy.
Divi Murali of Divi's Lab is narrowly missed the berth in the list. Murali, best of luck next year..