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National Engineering Industries & Amsted Seals JV to manufacture railway spares
The JV will be a big step towards supporting the vision of self-reliant India to set up best-in-class manufacturing infrastructure in the country.Read more
Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex
The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. Read more
FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
Pump manufacturers in Coimbatore hike prices by 15 per cent
The price hike is due to the rise of raw material and spare parts prices which government was unable to control. Given that the demand is high in the industry for material supplies the industry is experiencing a tough time. Read more
Schmersal India decides to move towards railway and defence
While industries are battling to equalise their business to pre-Covid levels, companies are working out strategy to open more avenues to expand their business. In this Video Interaction with Pushkar Oak, Sagar Bhosale, MD, Schmersal India delves into safety gaining prominence in switchgears using new age technologies and Schmersal’s coping mechanism to sustain Covid impact.Read more
GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar
In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more
L&T’s power transmission & distribution division bags contacts for multiple projects
Though the combined value of these contracts has not been mentioned by Larsen & Toubro (L&T), the company has indicated that the value of projects is large, which denotes contracts in the Rs 2500 to Rs 5000 crore range. Read more
Hitachi ABB Power Grids wins Rs 120 cr order for Indian Railways electrification
The compny will deliver its transformers to the Government of India’s electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW), for the production of 400 passenger and freight locomotive engines.Read more
Gala Precision Engineering develops wedge lock washer GALLOCK
These washers have been approved by Indian Railways and the company is the first Indian firm to supply wedge lock washers for LHB and ICF railway coaches. Read more
KEC wins orders worth Rs 1,806 crore
The Railway business has secured orders of Rs 1,303 crore in India for overhead electrification of railway lines, construction of road over bridges (ROBs), roadbeds, etc Read more