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Adani Ports buys controlling interest of 58.1% in Gangavaram Port for Rs 3,604 Cr Adani Ports and Special Economic Zone Ltd. (APSEZ) to acquire the 58.1% stake held by DVS Raju and family in Gangavaram Port Limited (GPL). The acquisition is valued at Rs. 3,604 crore and subject to regulatory approvals. APSEZ had announced acquisition of Warburg Pincus’s 31.5% stake in GPL on March 3, 2021 and together with this...

Adani Green Energy receives LOA for 300 MW wind power project Adani Renewable Energy Holding Fifteen Limited (AREHFL), a subsidiary of Adani Green Energy Limited (AGEL), has received a letter of award for 300 MW wind power project under a tender of Solar Energy Corporation of India (SECI). “AREHFL participated in the tender issued by the Solar Energy Corporation of India (SECI) for setting up 1200 MW ISTS connected Wind Power...

POWERGRID acquires 74%  stake in Jaiprakash Power Power Grid Corporation of India Ltd (POWERGRID), a Maharatna PSE under Ministry of Power, has signed a Share Purchase Agreement with Jaiprakash Power Ventures Ltd (JPVL) to acquire 74% stake in Jaypee Powergrid Ltd-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary of POWERGRID following this acquisition. JPL-JV has developed a 214 Km long EHV power transmission project...

Mahindra Defence to supply 1,300 light specialist vehicles to Army Providing further boost to ‘Make in India’, Ministry of Defence (MoD) signed a contract with Mahindra Defence Systems Ltd (MDSL) for supply of 1,300 Light Specialist Vehicles (LSVs) to the Indian Army, at a cost of Rs 1,056 crore, in New Delhi on March 22. The induction of vehicles is planned to be completed in four years. The LSV is a...

Signify launches tailor-made 3D printed luminaires in India Signify launched India’s first tailor-made 3D printed luminaires. The company has set up a 3D printing manufacturing facility at its existing lighting factory in Vadodara, in addition to a design lab at its R&D center in Noida where interior designers, architects and lighting designers can experience the technology first-hand and see their luminaire being printed in front of their eyes. They can...

ABB softstarters help Shimla to get access to uninterrupted water supply Shimla has cut pipeline damage 50% using ABB Softstarters to help lift water thousands of feet from a dam to quench the thirst of millions. The town of Shimla in the Indian Himalayas is one of the country’s busiest tourist destinations. It receives 3.6 million visitors a year, significantly augmenting the local population of 3 million. Known as the...

US invests $20 Mn to advance manufacturability of grid-scale flow battery systems The United States Department of Energy (DOE) announced up to $20 million for research and development (R&D) that will advance the manufacturability of mid-sized flow battery systems. Flow batteries are electrochemical batteries that use externally stored electrolytes, making them cost less, safer, and more flexible and adaptable. While lithium-ion batteries are commonly used in electric vehicles and portable devices...

Nitin Gadkari announces Vehicle Scrapping Policy Minister for Road Transport and Highways, Nitin Gadkari today announced the Vehicle Scrapping Policy in Lok Sabha. Making a Suo Motu statement in the Lok Sabha, the Minister said that “Older vehicles pollute the environment 10 to 12 times more than fit vehicles and pose a risk to road safety”. He said that “in the interest of a clean environment and rider and pedestrian...

Nitin Gadkari announces Vehicle Scrapping Policy Minister for Road Transport and Highways, Nitin Gadkari today announced the Vehicle Scrapping Policy in Lok Sabha. Making a Suo Motu statement in the Lok Sabha, the Minister said that “Older vehicles pollute the environment 10 to 12 times more than fit vehicles and pose a risk to road safety”. He said that “in the interest of a clean environment and rider and pedestrian...

Blue Star launches new affordable range of split ACs for mass market Blue Star today announced the launch of its new range of ‘Mass Premium’ split air conditioners. The Company has strategically repositioned its brand to include the ‘Mass Premium’ category with the intent to expand its market reach and target the mass market. New range of split ACs at affordable prices The new range comprises 3-star, 4-star, and 5-star inverter split...

STT Global Data Centres unveils Experience Centre for skill development in Bengaluru STT Global Data Centres India (STT GDC India), as part of its Corporate Social Responsibility initiative, today unveiled an Experience Centre at its STT Bengaluru DC 3 facility in collaboration with Schneider Electric India Foundation (SEIF). The Experience Centre located in STT GDC India’s Centre of Excellence was inaugurated by Smt. K. Ratna Prabha, Former Chief Secretary, Chairperson...

Dassault Systèmes Introduces New 3DEXPERIENCE SOLIDWORKS Offers for Makers Dassault Systèmes announced the upcoming launch of two offers that deliver new ways to design, collaborate, share and excel: 3DEXPERIENCE SOLIDWORKS for Makers and 3DEXPERIENCE SOLIDWORKS for Students.  The offers, which were unveiled during Dassault Systèmes’ 3DEXPERIENCE World 2021 virtual event, will provide makers and students with cloud-based access to the world’s most powerful digital environment for design, engineering and collaborative...

Maharashtra: Best time to buy a property is now Undoubtedly, the stamp duty cut announcement by the Maharashtra Government has proved to be a game changer in reviving the real estate sector in the state. The results of this slash were seen immediately with Mumbai recording registrations that increased significantly whereas Pune’s property market too witnessed healthy green shoots which brightened the scope for increased real estate sales in the...

Danfoss introduces Climate Solutions segment; announces merger of its heating & cooling verticals Danfoss has introduced Climate Solutions segment while announcing merger of its heating and cooling verticals. The new segment called Danfoss Climate Solutions will focus on developing integrated energy efficient solutions to engineer a better and sustainable future. “The merger is backed by the company’s strong growth in 2020, despite Covid-19 challenges, with a bullish approach and high investment...

Cabinet approves Rs. 9,129 Cr for strengthening of T&D systems in Arunachal Pradash, Sikkim The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, in a major step towards economic development of the States of Arunachal Pradesh and Sikkim through strengthening of intra-state transmission and distribution systems has approved the revised cost estimate (RCE) of comprehensive scheme for strengthening of transmission & distribution (T&D) in Arunachal Pradesh and...