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Siemens reports 29.6% rise in Q2 revenue For the second quarter of Financial Year 2021 ended March 31, 2021, Siemens Limited registered New Orders from continuing operations of Rs. 3,309 crore, registering a 16.9% increase over the same period last year. Revenue from continuing operations was Rs. 3,298 crore, a 29.6% increase over the same quarter in the preceding year. The Company reported Profit before Tax from continuing operations of...

Molten salt might cut solar power costs Solar power accounts for about 2% of U.S. electricity, but it could become more widespread if it were cheaper to generate this electricity and make it readily available on cloudy days and at nighttime. To lower those costs, Purdue University engineers are developing ways to improve how facilities called concentrated solar power plants produce electricity. These plants provide power at off-peak times by storing...

Solar, wind power made strong gains in 2020: IEA Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency. The growth in Europe and the United States will be even brisker than previously...

Best Power Equipments supplied 2,000 UPS amidst Covid Noida-based Best Power Equipments (BPE) announced that the company supplied 2,000 number of UPS and power back-up solutions during COVID. Amidst the crisis, BPE was able to deliver UPS to large hospitals, Covid testing centres, telecom, paper mills, government undertaking and airports across the country. They delivered at Hinduja Hospital (20KVA UPS to Covid 19 testing centres), AIIMS Patna Hospital (100 KVA),...

India’s Neuberg Diagnostics launches its first Laboratory in US Neuberg Diagnostics, a global laboratory testing group, announced the start of its clinical laboratory operations in North Carolina in the USA. The laboratory, known as NCGM, Inc. (Neuberg Centre for Genomic Medicine), will focus on genomic and molecular testing based on new generation sequencing techniques. It also runs an extensive network of labs in India, South Africa, and the UAE as...

Breakthrough, Climate-Friendly ACs: Winners of the Global Cooling Prize Announced A global coalition initiated by the Government of India, Mission Innovation, and RMI announced the winners of the Global Cooling Prize, an international innovation competition to develop super-efficient and climate-friendly residential cooling solutions. Gree Electric Appliances, Inc. of Zhuhai with partner Tsinghua University; and Daikin with partner Nikken Sekkei Ltd. emerged as the two winners among eight Finalists after shattering...

Maharashtra starts electrical inspection of Covid hospitals In the wake of recent fire incidents in hospitals, Maharashtra’s energy department has started safety inspections and audit of electrical installations in government as well as in private Covid hospitals, an official statement said. It adds, “The major area of the inspection and safety audit would be ICUs, AC system and lifts.” Taking cognisance of recent fire incidents in hospitals, the state energy minister...

Siemens, Messer to cooperate on 70 MW green hydrogen projects in Spain Siemens Energy and Messer Group have entered into a cooperation agreement with the goal to work on green hydrogen projects in the 5 to 50 Megawatt (MW) range for industrial and mobility applications. Within the framework of this agreement Messer Ibérica has already submitted three clean hydrogen projects in the chemical complex of Tarragona to the Spanish government....

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemic The global technology group Freudenberg, Weinheim, has managed the crisis well.  Although sales in 2020 was at Rs. 75,305 cr (8.8 billion Euro), it was significantly below the figure of Rs. 80,646 cr (9,467 million Euro) for the previous year, the company reported a profit from operations of Rs. 5,706 cr (669 million Euro) compared to Rs. 6,984 cr (820...

Reliance and BP start up second new deepwater gas field in KG D6 block Reliance Industries Limited (RIL) and BP today announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and BP have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce around...

Power Grid to launch InvIT IPO on April 29 State-owned Power Grid Corporation of India (PGCIL) to launch its Infrastructure Investment Trust (InvIT) on April 29. PowerGrid, in a regulatory filings with Securities and Exchange Board of India (SEBI), said that its issue comprises Rs 4,994 crore of fresh issuance and an offer for sale, the amount of which was undisclosed. It said, “The selling unitholder will be entitled to the proceeds...

EDF submits binding techno-commercial offer for Jaitapur French state-run power utility firm Électricité de France S.A.(EDF) has submitted binding techno-commercial offer to state-run Nuclear Power Corp. of India Ltd (NPCIL) for construction of six EPR reactors at Jaitapur site in Maharashtra.  As per the offer, EDF will provide the EPR technology for the construction of six reactors. The Group relies on the know-how of its subsidiary Framatome to supply the engineering...

Ola announces World’s Largest Electric 2-Wheeler Charging Network Ola Electric today revealed its plans for providing charging solutions to all its electric two wheeler customers and unveiled the Ola Hypercharger Network, the charging network for its upcoming two wheeler products starting with the Ola Scooter to be launched in the coming months. Ola will offer the most comprehensive set of charging options to its electric vehicle customers through a combination of...

Subex launches HyperSense, an end-to-end augmented analytics platform Subex, a pioneer in Digital Trust, today launches HyperSense, an end-to-end Augmented Analytics platform that helps enterprises make faster, better decisions by leveraging Artificial Intelligence (AI) across the data value chain. Developed based on Subex’s extensive data analytics experience, HyperSense contains all the Augmented Analytics capabilities enterprises need in one flexible and modular platform. HyperSense‘s unique no-code capabilities allow users without a knowledge...

Siemens, Google Cloud to cooperate on AI-based solutions in manufacturing Google Cloud and Siemens, an innovation and technology leader in industrial automation and software, announced a new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future. Data drives today’s industrial processes,...