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Reliance Power-JERA JV gets financial closure for 745 MW-Bangladesh unit Anil Ambani-led Reliance Power and JERA of Japan, through their joint venture project company, have achieved financial closure for developing a new gas-fired power generation project in Bangladesh. The group of lenders includes Japan Bank for International Cooperation (JBIC) and Asian Development Bank (ADB).  The Project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas...

Siemens completes acquisition of C&S Electric Siemens has completed its acquisition of C&S Electric in India. The company has acquired 99.22% of C&S Electric from its promoters for Rs 2,100 crore. Last year, on August 20, the company had received the approval of Competition Commission of India.  “The Company has acquired 99.22% (approximately) equity shares of C&S Electric Limited from its promoters, for an aggregate consideration of Rs 2,100 crore on...

NHAI creates record by constructing 25.54-km road in 18 hours National Highways Authority of India (NHAI) has recently completed development of a 25.54 km single lane stretch of road in just 18 hours, creating a world record. This took place during the 4-laning work on the Solapur-Vijapur highway. Road Transport and Highways Minister Nitin Gadkari took to social media to share the news and confirm that the achievement will be recorded...

ISK-SODEX 2021 to be held in Istanbul on 29 Sep - 2 Oct ISK-SODEX 2021, the international exhibition on HVAC&R, insulation, pump, valve, fitting, water treatment, fire prevention, pool and solar energy systems, will be held on 29 Sept to 02 Oct at Tuyap Fair Convention and Congress Center, Istanbul, Turkey.  Since ISK-SODEX 2021 will be the first international meeting of the Eurasia Region after a long time, the whole sector...

Hitachi ABB Power Grids reports 55% YoY rise in Q4 PAT Hitachi ABB Power Grids in India announced its fourth-quarter and full-year results for 2020 and reported 54.9% year-over-year (YOY) rise in profit after tax (PAT) during fourth quarter on realization of old receivables previously provided for.  The company also announced that in Q4, revenue inched closer to pre-pandemic levels, ending 7.5% lower YoY while it rose 10.3% Quarter on Quarter...

ReNew Power to list on NASDAQ at $8 Bn valuation ReNew Power, India’s leading pure-play renewable energy producer, and RMG Acquisition Corporation II announced the execution of a definitive agreement for a business combination that would result in ReNew becoming a publicly listed company on the NASDAQ.  “Upon closing of the transaction, the combined company would be named ReNew Energy Global PLC and would be publicly listed under the symbol “RNW”....

Danfoss setting new standards for safety & sustainability of metros in India In line with its commitment to enable India’s journey towards sustainable urbanisation, Danfoss Industries Pvt Ltd., a pioneer and industry leader in energy efficient technologies, strives to transform the sustainable outlook for metros in India, in association with metro rail corporations across the country. In its latest partnership with the Kolkata Metro Rail Corporation (KMRC) and Chennai Metro Rail Ltd,...

TVS Motor appoints Timothy Prentice as VP-Design, to oversee design solutions TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced the appointment of Timothy (Tim) Prentice as Vice President – Design. Tim brings on board 35 years of enriching experience in motorcycle design, project management and product development. “Specialised in advanced design planning, Tim’s experience in designs for high performance electric vehicles will augment the company’s EV line-up...

ABB to secure power supply for 5G mobile device manufacturer More than 5 billion people around the world already use a mobile phone - and the figures are rising. For their part, smart phones and other mobile devices are becoming more and more sophisticated and powerful. One of the drivers of this technological development is OPPO. At its major new technology park in Chongqing, China, ABB’s digital energy management and power...

PM inaugurates Pugalur-Thrissur HVDC project Prime Minister Narendra Modi inaugurated POWERGRID’s 320 kV 2000 MW Pugalur (Tamil Nadu) - Thrissur (Kerala) HVDC project on 19 February. He also dedicated a 50 MW Kasaragod Solar Power Project to the nation. Speaking on the occasion, Prime Minister said that the Pugalur – Thrissur High Voltage Direct Current  system will facilitate transfer of huge quantum of power to meet the growing power demands of...

Finolex adds RPVC conduits to its offering Finolex Cables, India's leading electrical & communications cable manufacturer adds conduit and fittings to its repertoire. The conduits are manufactured at its state—of-the-art Goa plant from specially formulated µPVC to meet the most stringent India & International standards. These are made of high impact resistance materials which make them safe to use across varied environmental conditions. The conduits are available in 19"-32" diameters in...

GE T&D India appoints Mahesh Palashikar as Chairman GE T&D India Limited (GETDIL) announced the appointment of Mahesh Palashikar on the Board as Chairman. Mahesh assumes the role of Chairman effective 1 March 2021 and succeeds Vishal K Wanchoo who resigned from Board upon assuming new responsibility with another company, post retirement from GE. Mahesh is the President of GE South Asia and Chairman of GE Power India Limited. As a 21-year...

Demand for electrical equipment will be all time high: R.K. Singh “The demand for electrical equipment will be all time high in times to come with the numerous reforms undertaken to strengthen and modernise the distribution sector with the investment of Rs. 3.05 lakh crore in the next five years,” said Power Minister RK Singh while inaugurating the 4th edition of Distribuelec being organised by Indian Electrical and Electronics Manufacturers'...

bauma CONEXPO INDIA cancelled for 2021 bauma CONEXPO INDIA, the international trade fair for construction machinery, building material machines, mining machines, and construction vehicles will not take place this year due to the organizers’ concerns around exhibitors’ ROI, uncertain international participants’ turnout, and safety protocols. “The decision to not hold North India’s leading trade fair bauma CONEXPO INDIA comes after deliberations with stakeholders and a comprehensive study of the market in...

International Solar Alliance appoints Dr Ajay Mathur as its new DG The International Solar Alliance (ISA) announced Dr. Ajay Mathur as its new Director General following his election at the first special Assembly of ISA members. A coalition of 73 member countries, ISA was launched at the end of 2015 to accelerate the demand for and use of safe, sustainable, and affordable solar energy for all. It aims to mobilize over...