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Once crippled by debt, SPIC resurrects itself |
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After a turbulent decade, SPIC has staged an impressive rescue act, cleared 90% of its Rs 2,800 crore debt and begun focusing on its core competence: fertilisers. |
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Ashwin Muthiah appointed SPIC Chairman |
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Ashwin Muthiah has been appointed as Chairman of SPIC's Board; he takes over the mantle from AC Muthiah, who will now be Chairman Emeritus. |
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Hindustan Copper's new INR 1.63 bln multimodal logistics contract a re-affirmation of Sical's capabilities |
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Customers are increasingly seeing the value of Sical's unique proposition of seamless, multimodal supply chain linkages across rail, road, port and sea. |
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Ashwin Muthiah is Chairman of Manali Petro |
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The shareholders of Manali Petrochemicals, at their AGM on 18 Sept 2009, approved Ashwin Muthiah's appointment as Board Chairman. |
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MMTC, L&T strategic equity in Ennore iron ore terminal to enable quicker access to new markets |
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The coming on board of strong strategic equity partners MMTC and L&T in Sical’s upcoming 12 million TPA greenfield iron ore handling terminal at Ennore will significantly reduce lead times in reaching international markets and benefit industry, Ashwin Muthiah said. |
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Container train operations crucial part of Sical's proposition of end-to-end logistics |
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Sical's train operations, together with Sical's truck and port operations, strengthen Sical's positioning as an end-to-end provider of multimodal logistics, Ashwin Muthiah said, as Sical deployed another rake in the Delhi-Chennai sector. |
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INR 3.4 bn financial closure for Sical Iron Ore Terminals a significant achievement: Ashwin Muthiah. |
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The 12 mn TPA iron ore terminal at Ennore will open up major possibilities, given its location on India’s eastern coastline, close to the strong demand centers in the Asia-Pacific, says Ashwin Muthiah. |
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Sicagen demerger from Sical to bring greater operational focus to both, says Ashwin Muthiah |
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The successful demerger of Sical's non-logistics businesses to a dedicated company, Sicagen India, is an important milestone that will transform both companies into world class businesses. |
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Sical's USD 25 mln buy of dredger stepping stone to lucrative global market: Ashwin Muthiah |
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Exciting time for Sical to enter the lucrative international dredging market on the back of increasing sea trade, growing tourism, reconstruction of marine/port infrastructure, says Ashwin Muthiah. |
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Sical FY07 results: Growth pangs not yet over, says Ashwin Muthiah |
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Commenting on Sical's financial results for FY06-07, Sical Chairman
Ashwin Muthiah said Sical's growth pangs are not yet over and that
Sical's growth-focused strategy would involve some pain in the short and
medium term. |
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Ashwin Muthiah is Sical Chairman |
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Ashwin Muthiah has been appointed Chairman of Sical's Board
of Directors. Also inducted to the Sical Board were Luis
Miranda, President and CEO of IDFC Private Equity Fund 2, and
Karthik Menon, Sical's VP - Finance and Strategy. |
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IDFC Rs 1.1 bln equity infusion will help Sical's growth,
says Ashwin Muthiah |
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IDFC Private Equity Fund 2, a fund managed by
IDFC Private Equity, has offered to invest Rs 1.1 billion in
Sical's logistics business through an investment in Sical's
equity shares.
Sical's vice chairman Ashwin Muthiah said that the investment by
Inda's largest infrastructureprivate equity investor would help
Sical achieve its ambitious growth plans. |
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Sical Q1 FY07 performance on back of restructuring, says Aswhin Muthiah |
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The performance of Sical in Q1 FY07 was on the back of measures relating to financial and operational restructuring in the previous year, says Ashwin Muthiah. |
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IDFC's Rs 1.1 bln investment to help Sical's ambitious growth plan,
says Ashwin Muthiah |
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Sical Vice Chairman Ashwin Muthiah said that the Rs 1.1 billion investment by IDFC, announced 14 March 2007, wuld help Sical's ambitious growth plan. "We were looking for an equity partner who understood our business well and had the capability to help us achieve our ambitious growth plan. We are pleased to have the largest infrastructure private equity investor in India as our partner in growth," Aswhin Muthiah said. |
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Ashwin Muthiah at release on book on group
founder, the late MA Chidambaram |
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"Vision Unlimited - The Outstanding Legacy of
Dr.M.A.Chidambaram", the biography of M.A.Chidambaram--cricket
administrator, industrialist, philanthropist and patron of Tamil
Isai, founder of MAC group and Ashwin Muthiah's grandfather, was
released by India's Union Minister for Agriculture Sharad Pawar |
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Ennore iron ore terminal to boost iron ore exports, says Ashwin Muthiah |
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The Ennore port terminal, to be built on
30-year BOT contract, will provide a major boost for iron ore
exporters in south India, says Sical Vice Chairman Ashwin
Muthiah. |
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Ashwin Muthiah: Strategic context, shareholder value considered in Sical FCCB issue |
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Strategic context and shareholder value were the
prime deciding factors in favor of the recently concluded foreign
currency convertible bond issue, says Sical Vice Chairman Ashwin
Muthiah. |
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