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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

SRF sells its Engineering Plastics Business to DSM for Rs 320 crore

The company’s Engineering Plastics Business manufactures multiple grades of engineering plastic compounds, catering to the automotive and electrical industriesRead more

BHEL wins Rs 350 crore EPC order for railway line electrification

After entering several new areas in various infrastructure sectors, Bharat Heavy Electricals Limiteds (BHEL) has now made a foray into the area of track electrification and has won an order for electrification of 440 track kilometers (TKM) railway line on engineering, procurement and construction (EPC) basis.Read more

Hind Rectifiers reports PAT of Rs 3.15 crore for Q3 FY19

The company’s net sales were up 135.09 per cent at Rs 68.53 croreRead more

Sterling and Wilson’s T&D segment targets Rs 30 billion by 2020

Recently, the power ministry has taken forward the initiative of offering all Indians affordable electricity. In order to cut losses occurred during the transmission and distribution processes, it is suggested that new technologies be adopted by the power sector.Read more

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