WCA November 2011

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Industry news
Wire & Cable ASIA – November/December 2011 12
Jindal Steel & Power Limited (JSPL),
one of India’s largest steelmakers and
owner of the Jindal Shadeed Iron and
Steel plant in Sohar, has raised
US$475m to fund its expansion
programme in Oman, having raised the
loan at 225 basis points over the Libor
(London interbank offered rate) for five
years.
D K Saraogi, executive president of
Jindal Shadeed and head of JSPL’s
Oman operations, told Muscat Daily:
“The major part of this loan will be
used to finance the expansion
programme in Oman.
“And some money is likely to go for
technology and technical purchases
outside Oman.”
Saraogi continued: “We are trying to
take the capacity up to five million
tonnes by 2015-16.
“Until the expansion programme is
initiated we cannot divulge details of
investments,” and went on to explain
that the necessary pellets will be
sourced from JSPL’s plant in Bolivia,
once it becomes fully operational.
This is expected to take two years.
Jindal Steel & Power Limited – India
Fax: +91 112 616 1271
Email :
Website:
Jindal Steel raises
$475m for expansion
Cable&Wireless appoints manager for Hong Kong
Bhupinder Singh has been appointed
as country manager for
Cable&Wireless Worldwide’s Hong
Kong operations. Based in Hong
Kong, he will hold the new position in
addition to his current role as vice
president for delivery, Asia-Pacific,
for the mission critical
communications provider.
Mr Singh has over 16 years of
experience in delivering strategic
programmes across private and
public industry sectors including
telecommunications, banking,
utilities, manufacturing, and oil and
gas.
Hong Kong is a key hub for the
company’s Asia Pacific business,
supporting the needs of many of the
world’s largest banking, financial
services, manufacturing and
high-technology brands. In the last
year, Cable&Wireless Worldwide has
extended its network in the region
with the commissioning of its own
backhaul network in Hong Kong. In
addition, it has secured a Unified
Carrier Licence from the Hong Kong
Telecoms Authority, which allows it to
provide and operate a public internal
telecoms network and sell an
expanded scope of telecoms
services to customers.
“Bhupinder is a senior member of the
Asia management team and has
worked with Cable&Wireless
Worldwide in various roles for more
than a decade,” said Mike Powell,
vice president, service delivery,
global markets at Cable&Wireless
Worldwide.
Mr Singh has an engineering degree
in computer sciences and an MBA
from the Anderson School of
Management, UCLA.
Cable&Wireless Worldwide (Asia
Pacific) – Singapore
Email:
Website:
❍ ❍ Bhupinder Singh