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Indian electric equipment market is expected to reach $ 70.69 bn by 2025
Elektrolites Power is leading manufacturer and innovator in the field of power transmission and distribution. Anil Saboo, Chairman and MD, Elektrolites Power tells, they are working on smart grid technologies adoption and increase their exports to more than 40 countries, and looking forward to build new business developments at Elecram 2023.Read more
Budget 2023: Revving up manufacturing with duty revisions and capex boost
By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more
Valvoline launches performance fluid for electric vehicles
Driving the change and meet the rapidly evolving EV market, Valvoline introduces EV performance fluids, engineered to extend battery life, and solve common electric vehicle issues. EV fluids are suitable for Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-in Hybrid Electric Vehicles. Read more
BPCL signs MoU with Rajasthan govt to set 1 GW renewable energy plant
Moving a step closer to achieve net-zero carbon emission goal by 2040, BPCL signs MoU with Rajasthan government to set 1 gigawatt renewable energy power plant to produce green energy in the state.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
BTL EPC bags order worth Rs 446 crore from BHEL
As per the order, the Engineering Division of Shrachi Group, BTL EPC Ltd, will set up the ash handling system for 5 x 800 MW super critical thermal power plant of TSGENCO (Telangana State Power Generation Corporation Limited) at Yadadri in Nalgonda district, Telangana.Read more
GEF Capital invests in auto component maker Hero Motors
With a total investment of Rs 1,500 crore over the course of the coming three years, Hero Motors Ltd aims to transform itself into a global EV solutions company from India. The funds will be utilised to augment its growth and expansion, with a significant focus on serving top global OEMs in the EV sector.Read more
Atlas Copco India unveils new range TCX and TCA chillers
The TCX series is a compact, all-in-one water chiller with an air-cooled condenser and an integrated hydro module. It is the first process cooling chiller range in India.Read more
BorgWarner acquires Swiss auto component firm Drivetek AG
The acquisition will strengthen BorgWarner’s specialty power electronics capabilities and supports growth of high voltage e-fan business.Read more
BorgWarner sites celebrate two production milestones
BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, recently announced major milestones at two of its production facilitiesRead more