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Sterlite Power gets Rs 305 Cr funding from Aseem Infra Finance

Sterlite Power, a leading power transmission developer and solutions provider has achieved financial closure for its Kishtwar Transmission Limited (KTL) project located in Jammu and Kashmir (J&K).Read more

Sterlite Power bags orders worth Rs 3,800 cr, growth up 90% in FY23

Sterlite Power won new orders for Rs. 3,800 crores in first three quarters of FY23. The company made a growth of 90 per cent as compared to FY22 with multiple projects of uprating existing power transmission lines and product orders for conductors and optical ground wire (OPGW).Read more

Schneider Electric to invest Rs 300 cr to built Smart Factory in Telangana

The upcoming unit will be the company’s second factory in Telangana, serving as a harbinger of growth while strengthening resilience in supply chain operations. The first phase with 2 lakh sq ft facility area is expected to be completed in September 2023.Read more

India can save Rs 3 trn by developing indigenous gas turbine engines

There are many inadequacies and challenges in developing indigenous aero gas turbine engines. If successful, it will be the biggest push to the Atmanirbhata campaign, saving the Ministry of Defence foreign exchange outflow of Rs 3 trillion in any block of 20 years, says Insighteon Consulting. Read more

Schaeffler to invest Rs 300 cr for transmission components facility in TN

New facility will expand the production footprint in Hosur for transmission components and systemsRead more

Global motion plastics leader Igus aims to double revenues to Rs 300 cr in India

Germany-based Igus announced the launch of over 180 new products from its innovative virtual product expo - titled Igus Motion Plastic Show (IMPS) - to support growth in India. Read more

HPL Electric and Power registers revenue of Rs 308 Cr in Q4 FY21

This growth is led by metering & consumer (B2C) segment growth of around 93 per cent YoY growth and 20 per YoY, respectively in the Q4 FY21.Read more

Will Rs 3.05 trn investment change the fortunes of power equipment makers?

The government has announced to invest Rs 3.05 trillion in power distribution sector to achieve the ambitious targets for its electricity sector and propel demand for power equipment. However, the crippled power transmission & distribution (T&D) sector could play a spoilsport? Read more

Indian auto component industry de-grows 11.7% in FY 2019-20, clocks Rs 3.49 lakh crore

According to ACMA, sales to OEMs declined 17 per cent, imports by 11.4 per cent and exports by 3.2 per cent. On the other hand, auto component aftermarket at Rs 69,381 crore ($ 9.8 billion) remained stable. Industry cautiously optimistic as green shoots emergeRead more

Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs

To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more

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