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Mitsubishi Electric to set up AC, compressor manufacturing facility in Tamil Nadu

The government of Tamil Nadu and Mitsubishi Electric Corporation signed a memorandum of understanding (MoU) to build an air conditioner (AC) and compressor manufacturing plant in India. The 52-acre site will be set up in Thiruvallur District, Tamil Nadu.Read more

Sundram Fasteners shows Rs 500 Cr profit in audited financial results for FY23

The board of directors of Sundram Fasteners Limited announced the audited financial results for the year ended March 31, 2023. It showed the twin milestones of crossing consolidated revenues of Rs 5,000 crores and net profit of Rs 500 crores by the company.Read more

L&T Construction wins power transmission projects in Indian and overseas market

L&T Construction bags order under Results-linked Distribution Sector Scheme (RDSS) in the western part of Rajasthan and Chennai in India. The PT&D business has also won an order to supply, construct, test, and commission a 132kV substation in the United Arab Emirates.Read more

Fuji Electric wants to provide made-in-India products with Japanese technology

Fuji Electric India is a subsidiary of Japanese electrical equipment company, Fuji Electric Group. The group works on energy management problems, through advanced Japanese technological innovations. Yosuke Ishizaka, Managing Director at Fuji Electric India shares that after the acquisition of Indian UPS Company, Consul Neowatt in 2019, Fuji Electric India is planning to aim at 1500 crore turnover in 2024. Read more

Alstom commences production for Bhopal & Indore Movia metro passenger trains

Alstom has started production of the ultramodern, lightweight Movia metro passenger trains for the Bhopal and Indore metro projects. The contract awarded by Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) in July 2022 to Alstom includes designing, manufacturing, supplying, installing, testing, and commissioning 156 Movia metro cars. Read more

Industrial and warehousing demand up by 8% in India: Colliers

Colliers International recent report shows increase in industrial and warehousing demand in top five cities in Indian in 2022. Delhi-NCR leads demand with a 36 per cent share, followed by Pune at a 23 per cent with third-party logistics players being at the top occupier of warehousing space with a vigorous demand engineering and electronics players as well. Read more

Statiq wins REIL contract to supply 253 chargers for 4 highway projects

The state-owned company Rajasthan Electronics and Instruments Limited (REIL) will procure approx. 253 chargers from Statiq and install them across 4 highway projects to ease EV range anxiety.Read more

Alstom bags Rs 798 cr contract from Chennai Metro Rail for supply of coaches

Scope of the contract includes manufacturing of 26 metro trains (three-car configuration) that can operate at top speed of 80 kmph, as well as training of personnelRead more

"We can grow 10X in the next 3 years"

Koremec Group comprises of Autosys Engineering, Autosys Control Systems, Autosys Products and Kore Mechatronics. The group does turn-key industrial automation projects. Over three decades, the core team has executed more than 500 projects - from material handling and conveying systems (mechanical intensive) to water and waste water projects (instrumentation intensive), from large scale 5000+ IOs PLC systems to robotics, IoT and cloud based software projects. Koremec has one of the most experiencRead more

HARTING inaugurates big production unit in Chennai

HARTING India recently opened its production plant and moved to a new and bigger place, in Thirumazhisai, ChennaiRead more

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