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DAC approves Rs 1.45 trillion defence orders; to boost PSUs
In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more
KEC International wins new T&D orders of Rs 14.23 billion
The order is for the design, supply and installation of 380 kV transmission lines in Saudi Arabia.Read more
KEC International wins new orders of Rs 11.71 billion in Middle East
KEC is a global infrastructure Engineering, Procurement and Construction (EPC) major.Read more
KEC International wins new T&D orders of Rs 10.79 billion
The business has secured orders for supply of various types of cables in India and overseas. Read more
ACE receives 285 special forklifts and 6 rough terrain cranes orders from MoD
This is part of the Make in India initiative.Read more
German industrial orders fall sixth consecutive month amid weak foreign trade
The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more
Indian Railways reduces Vande Bharat orders, introduces 24-coach sets
The manufacturing will be handled by Kinet Railway Solutions, a joint venture between India’s RVNL, Russian engineering firm Metrowagonmash, and LES, with a 25:70:5 ownership ratio.Read more
Tata Systems to secure 100 wheeled armored vehicles order for from Indian a\Army
A Request for Information (RFI) may be issued soon, marking an initial step to gather details from potential suppliers before a formal Request for Proposal (RFP) is released.Read more
Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion
The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more
Servotech gets 1.2 MW solar storage and grid order from UP SIRD and UPNEDA
The company will also be designing, manufacturing, supplying, erecting, testing and commissioning 20 kW and 40 kW grid-connected solar power systems, contributing to the state’s renewable energy goals. Read more