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GeM to implement penal interest for delayed payments by govt departments

Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more

Eicher, Amazon collaborate to scale electric truck deployment for deliveries in India

Eicher and Amazon aim to introduce up to 1,000 electric trucks from eight to 24 feet deck lengths into Amazon’s delivery operations over five years.Read more

Maha govt, Tata Power to develop 2800 MW Pumped Hydro Storage Projects

With a proposed total investment of approximately Rs 13,000 crore, these projects will support country’s clean energy landscape. Projects to be located at Shirawata, Pune and Bhivpuri, Raigad.Read more

Schmersal India is celebrating ten years of manufacturing excellence at Pune

Schmersal had a 10 years jubilee celebration with channel partners, suppliers, customers, and employees at the manufacturing facility established in 2013 at Ranjangaon MIDC, Pune. Read more

DRDO, L&T join hands for realisation of Indigenous AIP System for Indian Navy

Larsen & Toubro and DRDO under contract for realisation will work on Air Independent Propulsion (AIP) System Modules for Kalvari Class of Submarines of the Indian Navy.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

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

Brookfield making sustainable energy investment for $1 bn in Avaada Ventures

A formal agreement was signed recently between Canadian investor Brookfield and serial entrepreneur Vineet Mittal, founder of the Avaada group to invest into country biggest sustainable energy investment, told people aware on the topic demanding anonymity.Read more

L&T Energy Hydrocarbon bags orders under business vertical AdVENT

The Hydrocarbon Business, L&T Energy Hydrocarbon of Larsen & Toubro (L&T) has secured an order under its AdVENT unit to develop a Technical Ammonium Nitrate (TAN) plant and Weak Nitric Acid (WNA) plant in Kota, Rajasthan.Read more

Freudenberg studies the compatibility of sealing materials and cooling fluids

Freudenberg Sealing Technologies a technology expert and market leader for sealing technology and electric mobility solutions conducted a comprehensive study analyse the suitability of polymer for cooling systems which gave an overview of on how the tested polymer materials behave in typical cooling circuits.Read more

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