Infrastructure

Mining & metals industry confident they can deliver growth The latest edition of KPMG International’s 2023 Global Mining and Metals Outlook: Executive insights on decarbonization highlights the confidence of sector executives in their ability to deliver on both growth and decarbonization objectives. The report looks at areas of opportunity, with technology and innovation key among those called out. A main finding is the ability of the industry to maintain a...

APAR Industries posts all-time high Quarterly & Annual Revenue APAR Industries Limited, a diversified billion-dollar conglomerate, announced its consolidated results for the fourth quarter and 12 months ended March 31, 2023. Key Financial Highlights: 12MFY23 Revenue at Rs. 14,352 crores; up 54% YoY EBIDTA at Rs. 1,320 crores; up 130% YoY PAT at Rs. 638 crores; up 148% YoY Q4FY23 Revenue at Rs. 4,089 crores; up 36% YoY EBIDTA at Rs. 445 crores;...

Construction equipment sales grew 26% to cross 1 lakh mark in FY2022-23: ICEMA The significant growth in FY23 was driven by all four sub-segments of CE industry, except Road Construction Equipment, which recorded a slight de-growth of 3%. A total of 77,164 units of Earthmoving equipment were sold in FY23 – a 23% jump in sales as compared to 62,629 units sold in FY22. The sales of Backhoe Loaders and...

Inside BKT's Largest Factory | mojo4ndustry A recent trip to BKT Bhuj Facility allowed us to gain a deeper understanding of one of the most innovative tire manufacturing plants in India. The event was hosted exclusively by Ashok P Chhajer, Sr General Manager - OE Sales at BKT Tires. The tour took us through the company's state-of-the-art R&D center, carbon black production plant, and more.  He said, “We develop a range...

ArcelorMittal Nippon Steel India selects IBM to drive cloud powered transformation IBM announced that ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel ­– two of the world’s leading steelmakers – has collaborated with IBM Consulting to reinvent mission-critical processes in order to boost agility, and efficiency with digital transformation. AM/NS India is an integrated flat steel manufacturer with over 600 steel grades and serves multiple...

Schneider Electric appoints Deepak Sharma as Zone President Greater India, MD & CEO, SEIPL Schneider Electric has announced the appointment of Deepak Sharma as Zone President – Greater India and MD & CEO, SEIPL effective 1st May 2023. Deepak Sharma will take over from Anil Chaudhry. Deepak has 30 years of experience with over 24 years at Schneider Electric handling diverse roles based out of India, France, China, and the USA...

Coal India to digitize 7 major coal mines with Aereo's Drone Solutions Platform Aereo (formerly Aarav Unmanned Systems), the end-to-end drone solutions start-up, wins the largest drone solutions contract from Coal India Limited (CIL). The open tender process saw participation from multiple bidders wherein Aereo emerged as the lowest (L1) bidder with the highest technical score. The $1 million contract is part of a bigger digital initiative that is being...

India is a hugely exciting market for us: Socomec How do you define the business activities of Socomec at the Asia Pacific level as well as the group? For us Socomec is a private organization, it is 100 years old and we are into critical applications, in the power, electrical distribution, and automation side. We are largely a French-based company, but we are in Asia Pacific also and in operation for...

CJI Porcelain aims for Rs. 200-cr turnover by 2025 What CJI stands for and what exactly they are doing in the business? CJI is an insulator manufacturing company, it started manufacturing with the low voltage insulator range in 1988 it was established at Khurja in UP, which is now in NCR. Over a while, CJI has achieved a level of 7500 metric tons per annum capacity, and we have achieved a...

Telawne launches smart transformer at ELECRAMA 2023 | INDUSTRY NEWS How has the journey been for Telawne and can you tell us about your company in brief? Telawne is a 30-year-old company, and Telawne Power is a 20-year-old company. We have been participating in Elecrama mainly because it is World's largest electrical exhibition and we have been participating for last almost 20 years now. So, it has been a wonderful experience...

Additional 8.56 bn cum of wastewater a year needs to be treated to meet UN goals: ABB Global wastewater treatment capacity needs to increase annually by 8.56 billion cubic meters and investment in an additional 469 treatment facilities per year is required to meet United Nations (UN) goals. These are the findings of independent research commissioned by ABB ahead of World Water Day (WWD) on March 22. As the UN prepares...

BKT Tires becomes Official Tire Partner for 7 IPL teams Indian multinational company and global player in the Off-Highway tire market, Balkrishna Industries Ltd. (BKT), announces its partnership with seven leading teams in the 16th season of the most watched T20 Cricket league in the world. BKT will be the ‘Official Tire Partner’ for Mumbai Indians, Punjab Kings, Rajasthan Royals, Sunrisers Hyderabad, Gujarat Titans, Kolkata Knight Riders, and Delhi Capitals. The...

Schneider Electric launches EcoStruxure Building Operation in India Schneider Electric today announced the launch of EcoStruxure Building Operation for the Indian market, to enhance occupant comfort and increase building value. With unprecedented growth of infrastructure in India, buildings consume 30% of the country’s total electricity leading to a greater demand in energy. Building management systems are essential components to ensure intelligent use of energy for efficient flow of operations in a...

Andhra Pradesh bags Rs 13 Lakh Cr investment proposal during Global Investor Summit Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received 340 investment proposals with investment of about Rs. 13 lakh crores, providing employment to almost 6 lakh people across 20 sectors distributed all along the state. “As of today, we will execute 92 MoUs with 11 lakh crores, remaining will be executed...

Ashish Modi becomes Honeywell’s India Country President Honeywell today announced the appointment of Ashish Modi as country president for India. Modi will continue to retain his existing role as VP & GM for Honeywell Building Technology (HBT) India and Asia. “With his strong business acumen, leadership skills and more than eleven years of experience at Honeywell, Ashish is perfectly suited to lead the India business and build on the company’s strength...