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Elecon Engineering launches upgraded industrial gearbox New EON, at Gurugram

One of largest industrial gears manufacturers, Elecon Engineering Company Limited (Elecon) launched the latest addition to the already popular range of gearboxes ‘New EON’ at an event at The Oberoi, Gurugram. Company also plans to open local swift centers to enhance customer services.Read more

Hyundai Motor signs term sheet for potential acquisition with General Motors

Hyundai Motor India Limited (HMIL) today signed a term sheet with General Motors India (GMI). Proposed acquisition covers identified assets at GMI, Talegaon Plant, Maharashtra. Read more

TI Clean Mobility to raise Rs 3000 Cr to fuel its EV platform

TI Clean Mobility Private Limited signed terms with Multiples, State Bank of India and other co-investors to raise capital in the form of Equity and CCPS to Rs 1950 crores. The parent company Tube Investments of India Limited (TII) to invest Rs 750 crore to achieve the total fund raise of Rs 3000 crore. Read more

Amara Raja Group’s Mangal Industries signs MoU with AXISCADES forming strategic partnership

A leading technology solutions company, AXISCADES forms a partnership with Amara Raja Group’s company Mangal Industries Limited to make an engineering, digital, and manufacturing collaboration. Read more

Sterlite Power commissions largest green energy corridor project in Gujarat

Lakadia-Vadodara Transmission Project Limited (LVTPL) commissioned by Sterlite power will deliver more than 5000 MW of green and reliable power from the wind and solar energy zones of Bhuj and Kutch to the rest of India. The green energy corridor initiative was completed successfully in March 2023 as per the announcement by the company.Read more

HPX successfully executes 1st e-RA contract for Indian Railways

On February 12, has successfully concluded its 1st e-Reverse Auction (e-RA) based long duration contract for Indian Railways. The exchange simultaneously logged its highest single day volume of 36.18MUs.Read more

BPE deploys power critical equipment in 40+ healthcares across India

BPE (Best Power Equipments) announced that it has spread and installed more than 120 power backup solutions. The company has deployed UPS series EPX and GTX UPS in Zydus Healthcare Limited, Cadila Pharma, Medanta hospital and Acculife Limited (Nirma Group).Read more

Siemens launches its first industry-ready 5G routers in India

Siemens Limited announced the launch of private industrial 5G user equipment with applications on industrial 5G offer long-term benefits to a wide range of customer segments that depend on a strong communication backbone.Read more

Indian construction equipment industry up 23% in Q3 FY23

Indian Construction Equipment Manufacturers’ Association (ICEMA), apex association for Construction Equipment (CE) manufacturers in India announced its Q3 FY23 results with shows sales grew by 23 percent YoY growth with 27,817 units of Construction Equipment being sold.Read more

Delta Electronics unveils IoT-based smart green solutions at Elecrama 2023

Delta Electronics India Private Limited, a leading power and energy management company, showcased a smart microgrid-based Green EV Charging Station and the new Open-Loop Variable-Torque Standard Drive VP3000 Series at Elecrama 2023.Read more

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