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Siemens to invest over Rs.10 billion to expand operations in India
The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more
NTPC records more than 400 Billion Units generation, crosses FY 2022-23 output
Earlier during the year, the company recorded highest ever single day generation of 1428 Million Units on 1st September 2023Read more
Germany's Rittal expands capacity in India with new Integration Centre
The new Integration Centre for cooling units and LCP solutions will increase company’s overall production capacity and meet the growing demand for industrial cooling solutions in the market.Read more
MP regulator rejects grid support charges for rooftop solar systems
The petition sought the imposition of grid support charges on all consumer categories utilising grid-connected rooftop solar systems under net-metering and base load reduction (Category III).Read more
Siemens to invest Rs 416 crore for expanding manufacturing capacity in India
The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more
Kanpur Metro deploys ABB India’s electrification solutions for power control
ABB’s electrification solutions for metro have been deployed across 3 cities in Uttar Pradesh (Lucknow, Kanpur, Noida). The power distribution aids smooth operations of the Kanpur Metro, providing pollution free and safe commute to citizens and ease traffic congestion.Read more
ANEVOLVE POWERTRONICS opens factory to make power electronics in Bhiwadi
The cleantech-centric platform of ANAND Group, ANEVOLVE launched its first production facility at Bhiwadi, Rajasthan. The world-class factory powered by AI, ML and interactive equipment will manufacture power electronics for EV chargers, AC/DC converters, inverters, and consumer durables.Read more
HPL Electric's revenue grows 23% YoY in Q2 FY22; order book stands at Rs 859 cr
The Metering business revenue grew by 22% YoY to Rs 114 crores in Q2 FY22. The Consumer segment revenue surged by 20% YoY to Rs 175 crores owing to festive season demand and pick-up in economic activities in Q2 FY22. Read more
L&T Construction wins significant orders for various businesses
Businesses such as Power Transmission & Distribution and Buildings & Factories have been awarded contracts. The projects are in India and abroad in places like Dolvi, Ladakh, Ayodhya, Dubai, Africa, and Thailand.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