In 1830, factories were built at Porto Novo, in the south of the Arcot district, with a government loan.
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The Greater Asiatic yellow bat (Scotophilus heathi) was named in his honour after he presented the type specimen to the Zoological Society of London, together with a large collection of Asiatic birds.
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In 1833, the company was named the "Porto Novo Steel and Iron Company", the workshops were enlarged and a new factory was built at Beypore in the Malabar region.
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