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Sterlite Power records 30% increase in PAT at Rs. 322 Cr Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, announced its results for the year ending 31st March 2023. The company witnessed strong growth in profitability in India operations. The snapshot of its standalone financials pertaining to India business for the year ending 31 March 2023 include: Revenue up by 3.3% y-o-y at Rs...

Indian Air Force tests Type V Heavy Drop System from cargo aircraft Type V Heavy Drop System, designed and developed by DRDO, capable of carrying up to 20-tonne of cargo via parachute in inaccessible places. Indian Air Force recently successfully tested the “Type V Heavy Drop System” from a cargo aircraft. With the help of this system, arms, equipments, ammunition weighing up to 20 tonne can be easily transported and dropped...

Sterling Generators and PI Green: Revolutionizing Emissions Sterling Generators, a prominent member of the Sterling and Wilson Group and a key player in India's genset industry, has officially unveiled an innovative environmental solution known as the Retrofit Emission Control Device (RECD). This groundbreaking initiative is the result of a collaborative effort with Pi Green Innovations and leverages cutting-edge filter-less technology based on Electrostatic Precipitation principles. Its primary function is to...

Volvo CE strengthens management team with new appointments Volvo Construction Equipment (Volvo CE) has announced a number of changes to its Executive Management Team (EMT) with three senior appointments designed to strengthen its global leadership and transformation journey. Mats Sköldberg is appointed Head of Technology at Volvo CE. Most recently Mats was Head of Technology for Volvo CE in China and has held a number of other senior technology roles in...

TRUMPF to display its advanced 3D printing software at EMO Hannover 2023 High-tech company TRUMPF recently made improvements to its 3D printing software TruTops Print. Users can now print parts with extreme overhang angles as low as 15 degrees without requiring support structures. TRUMPF will be showcasing its new technology at EMO Hannover 2023, the world’s leading trade fair for production technology, which will be taking place in Hannover, Germany. “The...

3A Composites’ ALUCOBOND launches new Series of Colours & Surfaces ALUCOBOND, a flagship brand of a Swiss major 3A Composites, which is a global innovator and manufacturer of high-quality aluminium composite materials, has launched a unique and classic range of colours and surfaces to boost its premier portfolio. The three new offerings are: Colourscapes, Concrete and Grove. With addition of these three series, ALUCOBOND has presented a new captivating portfolio of...

Govt approves Rs 3,760 cr viability gap funding for creating battery energy storage system The Union Cabinet, chaired by the Prime Minister Narendra Modi, approved the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). Addressing the media at a press conference, Union Minister Anurag Thakur informed that the scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up...

Tata Steel, ABB join hands to help reduce carbon footprint of steel production Tata Steel Ltd and ABB India have signed a Memorandum of Understanding (MoU) and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production. ABB will bring global experience in automation, electrification and digitalization for the mining and metals industries. Tata Steel is among the top global steel companies with...

Saatvik Solar ropes in Ravindra Jadeja as Brand Ambassador Saatvik Solar has recently announced the onboarding of Ravindra Jadeja, the Indian international cricketer, as the company's brand ambassador. With this endorsement, Saatvik Solar aims to capture significant market share across regions, leveraging Jadeja's widespread appeal in the market with his direct involvement in the National Indian Cricket Team and IPL's Chennai Super Kings. Prashant Mathur, CEO of Saatvik Solar said, "We...

JK Cement to set up Grinding Unit in Prayagraj, invests Rs. 500 Cr JK Cement Ltd. to set up its grinding unit in Prayagraj, Uttar Pradesh with an investment of approximately Rs. 500 crores. Commenting on the expansion, Dr. Raghavpat Singhania, Managing Director, JK Cement said, "As India accelerates its infrastructure development to sustain robust economic growth, we are continually scaling our capacities to cater to escalating demands from the infrastructure,...

Hindware launches its experiential store – Lacasa in Chennai Hindware Limited, a leading sanitaryware and faucets company, announced the launch of its experiential store – Lacasa in Chennai. The store houses an extensive selection of sanitary ware, faucets, wellness and shower enclosures by Queo, Hindware Italian Collection and Hindware. Customers visiting this store can expect to explore cutting-edge designs and experience bathroom concepts as part of the display. The store houses...

56 Secure launches Ultra-Fast SOS System in Bangalore 56 Secure, a connected security platform, introduces its Ultra-Fast SOS System, an emergency response technology. With an initial rollout encompassing 70 pin codes in Bangalore, 56 Secure takes the lead in redefining safety standards for urban living. More than just a simple panic button, the SOS feature is deeply integrated with 56 Secure's smart location technology, Cerebro. This system processes over seven million...

igus adds ready-to-install variant to its iglidur PRT series slewing ring bearings It is affordable, compact, lightweight and ready to install with a mouse click: igus has added a minimalist low-cost variant to the portfolio of its iglidur PRT series of slewing ring bearings. The PRT-05-15-PC not only reduces costs, but also protects the environment. The new slewing ring bearing consists of 97% regranulated high-performance plastics. From packaging machine to assembly line...

Schneider Electric hosts thought leadership summit on climate action Schneider Electric, a leader in the digital transformation of energy management and automation, recently organized a CXO connect aimed at attracting prominent industry leaders for a dialogue on accelerating actions towards sustainability. The company advocated for industries and corporations to adopt a more electric and digital strategy, accelerating the nation's journey towards a more sustainable future. While India has emerged as a...

Healthium Medtech launches TRUMAS - an exclusive range of sutures for minimal access surgery Healthium Medtech, a global leader in medical technology solutions, today announced that the company has launched TRUMAS, a range of sutures meticulously designed to address challenges faced during suturing in minimal access surgeries (MAS). MAS, a technique that has gained remarkable momentum over the last two decades, is now considered the gold standard for performing surgeries across...