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Bharat Road Network signs deal for sale of road project in UP Bharat Road Network Limited (BRNL), one of India’s leading road developers, along with its partners, has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership in an operating toll road project in Uttar Pradesh. BRNL currently holds 39% stake in this project. The Share Purchase Agreement provides for the...

Suzuki’s Gujarat Plant C in India Starts Operation Suzuki Motor Gujarat Private Limited (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the Plant C, and started production from April. Suzuki established SMG in March 2014, aiming to secure production ability in preparation for the automobile market growth in India, as well as for expansion of exports from India. The Plant...

NTPC delivers electrifying performance in FY21 NTPC, India's largest power generating company recorded its highest ever group generation of 314 BU in FY 21, a growth of 8.2% compared to previous year. On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year.  NTPC group recorded highest ever single day generation of 1192.42 MU (Group) & 990.65 MU (NTPC). The coal plants registered a...

Danfoss Drives appoints Sujeeth Pai as Director - Sales & Service With a resolve to promote a robust regional management at Danfoss India, the company has moved Danfoss Drives Segment (DDS) Sales to a regional leadership framework to further enhance customer outreach & accessibility of top leadership and promote targeted innovation to address the unique needs of the Indian market. Accordingly, Sujeeth Pai has been appointed as the new Director of Sales...

Mercedes-Benz and Siemens announce partnership for sustainable automotive production Mercedes-Benz and Siemens plan to cooperate on advancing digitalization and automation in the automotive industry, supported by the State of Berlin. Mercedes-Benz AG aims to digitize its production processes. Siemens, a leading supplier in the field of automation, industrial software and smart infrastructure, will bring its expertise and technologies to the partnership to develop highly flexible, efficient and sustainable automotive production...

iRAM Technologies bags 4 new projects in India iRAM Technologies, a homegrown product development and technology company with advanced solutions based on Internet of Things (IoT), has won 4 large projects for Smart Pole, Smart Street Lighting and Smart Parking city assets in Smart Cities of Dahod, Kohima, Pimpri Chinchwad and Rajkot. iRAM has won these projects in partnerships with leading conglomerates & system integrators in the Smart City Space. iRAM will...

BHEL bags Rs 400 Cr order from Indian Oil Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 400 crore order to build a sulphur recovery unit for Indian Oil Corporation's Paradip refinery in Odisha. This marks BHEL's foray into lump-sum turnkey business of process package for downstream oil and gas sector, it said in a statement. BHEL said the company's diversification strategy into non-coal based business areas has begun paying dividends. "This...

IIT-BHU develops clean hydrogen fuel for electric vehicles Vehicles powered by clean energy can eliminate air pollution and also reduce transportation costs. It will also reduce the country’s dependence on crude oil imports. Researchers at the IIT-Banaras Hindu University (BHU) led by Dr. Rajesh Kumar Upadhyay have developed a prototype for easy and safe use of hydrogen fuel. This prototype can be installed in an electric vehicle and integrated with a...

Waaree Energies power Pondicherry’s ‘first’ solar project Waaree Energies announced commissioning of a large-scale10 MWp solar power project in Pondicherry. This first and only solar plant in the city will supply power to Pondicherry Electricity Grid and Pondicherry Electric Department. Financed by Indian Renewable Energy Development Agency (IREDA), the project has installed 37,920 Waaree solar modules and EPC has been led by Waaree Energies. With an agreement under the long-term...

Bihar aims developing IT & ITeS services and electronic manufacturing hub Bihar government announced renewed efforts to bring in major investments in the IT & ITeS Services and electronic manufacturing in the state and develop it as one of the emerging IT hubs in the country. Speaking at the 28th Convergence India 2021, Jibesh Kumar, Bihar’s Minister for the Department of IT shared insights on Govt initiatives, Investor opportunities in...

Schneider Electric launches ‘anti-viral’ switches Schneider Electric announced the launch of its self-disinfecting anti-viral and anti-bacterial switches under its Clipsal X product range. Meeting international standards of testing, the switches are powered by Silver Ion technology which can kill over 99.9% of germs and self-disinfects itself. Available in two variants, these products have been conceptualised and manufactured in India as a part of Schneider Electric’s commitments towards the making of...

One Year Of Lockdown: Real Estate Sector beating the pandemic blues In March last year, people across the country were trying to wrap their heads around the novel coronavirus-outbreak. When the World Health Organization declared it a pandemic on March 11, most were already aware of its seriousness. At 8 pm on March 24, 2020, Prime Minister Narendra Modi made a landmark announcement - a nationwide lockdown for 21 days...

Waaree welcomes proposed Basic Customs Duty on solar modules & cells Solar modules manufacturers Waaree Energies considers the recently proposed Basic Customs Duty on solar modules and cells with effect from 1st April 2022 as another step towards the upliftment of the sector. While appreciating the move Dr. Hitesh Doshi, Chairman, Waaree Group said, "We appreciate the Government’s move to impose 40% Basic Customs Duty on solar modules and 25%...

Powergrid launches certified e-tendering portal Power Grid Corporation of India (POWERGRID), a central PSU under Ministry of Power, has established an e-tendering portal-PRANIT which will lead to less paperwork and ease of operation, making the tendering process more transparent. It has been certified by Standardisation, Testing and Quality Certification Directorate (STQC), Ministry of Electronics and Information Technology. “POWERGRID is now the only organization in India to have an eProcurement solution on...

TCS to help Skanska become a more digitally advanced construction company Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been selected by Skanska, one of the world’s leading project development and construction groups, as a strategic partner to help achieve its ambition of becoming the most digitally advanced company in the construction industry. As a part of this multi-year partnership, TCS will leverage its...