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REC to provide Rs. 3,045 Cr financial assistance to Bangalore Metro REC Limited, a Central Public Sector Enterprise under the Power Ministry, has decided to extend financial assistance of Rs. 3,045 crores to Bangalore Metro Rail Corporation Limited (BMRCL), for establishment and development of Metro Lines under Phase-II project of Bangalore Metro. The decision to extend the assistance was taken at the board meeting of REC, held in Bengaluru on 24th June...

RattanIndia Power secures refinancing of senior debt with Rs 1,114 Cr transaction RattanIndia Power Ltd. announced that it has refinanced its senior debt in a Rs 1,114 crores transaction led by Kotak Mahindra Bank. RattanIndia Power Ltd. had earlier concluded a resolution with erstwhile lenders for 1,350 MW Amravati Thermal Power Plant in December 2019, whereby the loans from Indian banks and financial institutions were taken over by international financial...

Michelin’s Chennai factory to be powered with renewable energy Leading mobility and technology company, Michelin, has signed a Power Purchase Agreement (PPA) with CleanMax Enviro Energy Solutions Pvt. Ltd for supply of green energy. The agreement marks Michelin’s factory at Thervoykandigai, first long-term open access PPA, that will increase the total contribution of renewable energy to 37% from current 11% and account for a reduction of 11,712 tonnes of CO2...

ABB helps Ruchira Papers increase uptime by 13% ABB India announced that its Motion OneCare solutions have helped Ruchira Papers in increasing their uptime by almost 13%. In the two years, since its service agreement with Ruchira Papers for its Motion OneCare solutions went into effect, uptime has already risen to 94.8%, an increase of almost 13%, ABB claims.Ruchira Papers manufactures printing, writing, and kraft paper from agricultural waste materials...

Kanpur Metro deploys ABB India’s Electrification solutions The Kanpur Metro has deployed ABB India’s Electrification solutions for safe, reliable and quality power distribution. ABB India has provided the Kanpur Metro with Low Voltage Switchboards, Medium Voltage Panels and Lighting Distribution Boards. These products comply with the technical specifications required for the project and are the most reliable, safe and latest technologies in the industry. ABB’s intelligent smart distribution technology enables...

Cummins India gets certification for CPCB IV+ emissions standard compliance Cummins India, one of the leading technology providers of power solutions, announced that it had received various CPCB IV+ compliance certifications from the Automotive Research Association of India (ARAI).“The certifications awarded by ARAI reaffirms the readiness of Cummins India Limited to provide its customers with various CPCB IV+ emission norms compliant gensets, effective July 1, 2023, when the new regulations...

ABB Robots helping Amazon reforestation project A pilot project between ABB Robotics and US non-profit organization Junglekeepers is demonstrating the role Cloud technology can play in making reforestation faster, more efficient and scalable.ABB Robotics is supporting Junglekeepers in their mission to protect 55,000 acres of Amazon rainforest and reverse deforestation. In a first-of-its-kind demonstration, ABB’s cobot YuMi is automating planting tasks in a jungle laboratory, speeding the process and allowing...

Thyssenkrupp, Mazagon Dock Shipbuilders sign MoU to jointly build submarine Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders signed a Memorandum of Understanding (MoU) on the intended construction of conventional, air-independent-propulsion submarines.“With India being one of Germany’s strategic partners, Thyssenkrupp Marine Systems is keen to again demonstrate its expertise in the Indian market,” Thyssenkrupp said in a statement.Oliver Burkhard, CEO, Thyssenkrupp Marine Systems said, “We look back on a...

Ashoka University appoints Dr. Leena Srivastava as head of new centre on energy transition Ashoka University announced the appointment of Dr. Leena Srivastava as the Director and Head of the recently launched Ashoka Centre for a People-Centric Energy Transition (ACPET). The Centre was established in March 2023 with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South....

EMO Hannover paving the way for zero-defect manufacturing Many production companies are facing a dilemma. Often, the only way that they can survive is to adopt zero-defect manufacturing that offers greater cost-efficiency while using less energy. This can be achieved using intelligent clamping technology – which has now developed into a machine within a machine. It makes use of sensors to detect and correct anomalies and malfunctions. EMO Hannover is...

Volvo launches its first mid-sized electric excavator in Europe Volvo Construction Equipment (Volvo CE) has launched its first mid-size electric excavator, the EC230 Electric, into the European market.The company says the excavator, which delivers sustainable operation with low noise and zero emissions, is available to select customers in Europe after being first introduced in China in 2021 and Norway in 2022.The 23-ton EC230 Electric excavator promises the same performance as...

umati linking the old and the new in “brownfield” Hackathon Machine tool community working on joint solutions aimed at connecting existing machinesWhat is the best way to connect old machines to new systems? This was the very question that spurred umati, the connectivity initiative of the mechanical and plant engineering industry, to organize a hackathon in cooperation with the international United Grinding Group. A total of 30 digitalization experts from...

Oil & gas prices not gone up since Apr 22 despite Russia-Ukraine issue: Hardeep Singh Puri “Despite turbulence, we have not allowed prices of oil and gas to go up; prices have not gone up since April 2022 despite the Russia-Ukraine issue,” said Minister of Petroleum and Natural Gas Hardeep Singh Puri while talking at a summit organized by the Indo-American Chamber of Commerce North India Council (IACC-NIC). He said,...

How companies can capitalize on their valuable data Discover how digital business models work – at the EMO Hannover Let's Talk Science lunch talkMore and more companies are using detailed process data from digitalized production, or even artificial intelligence, to enhance their own internal production. If used effectively, such massed quantities of data represent a raw material that can be used to add significantly greater value.Data-driven business models are still...

OMRON launches new Controller NX502 with advanced Information, Motion & Safety Control OMRON Automation, the leading Japanese MNC in industrial automation business segment, has released NX502 CPU Unit automation controller with many pathbreaking   information and safety control features as the latest addition to its NX series. The launch also accompanies the introduction of NX-EIP201 EtherNet/IP Unit.The NX502 CPU Unit and NX-EIP201 EtherNet/IP Unit, with its world's highest precision data collection...