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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

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