Infrastructure

Siemens reports 29.6% rise in Q2 revenueFor 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...

igus unveils 168 motion plastics innovations igus increases the pace of innovation despite the pandemic: high investments in digitalisation, logistics and remote consulting increased online sales by 30 per cent in 2020 and mitigated the decline in sales by 4.8 per cent. The motion plastics specialist is also breaking new ground in terms of sustainability and product innovation, and will be presenting more innovations than ever before with 168 tribo-polymer...

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemicThe 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 blockReliance 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...

Ola announces World’s Largest Electric 2-Wheeler Charging NetworkOla 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 platformSubex, 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...

L&T completes 75 years of Construction & Mining Machinery businessLarsen & Toubro, an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has completed platinum jubilee of one of its oldest businesses, Construction & Mining Machinery Business (CMB). The business has supplied over 60,000 units of various equipment in India during its 75 years association with the Construction and Mining Industry. These machines have been used to create landmarks...

India adds 9.7 GW of power generation capacity this fiscal till Feb 28India added 9.7 gigawatt of power generation capacity during this financial year till February 28, 2021 which includes 3.8 GW of conventional energy and 5.9 GW from renewable sources.In 2019-20, India had added 15.8 GW of power generation capacity including 7.1 GW of conventional sources and 8.8 GW of renewable sources.From April, 2015 till February, 2021, India...

Schneider Electric unveils Compact 3-Phase UPS Galaxy VLSchneider Electric announced the global launch of the Galaxy VL 200-500 kW (400V/480V) 3-phase uninterruptible power supply (UPS), the newest addition to the Galaxy family. According to the company, “Available worldwide, this highly efficient, compact UPS offers up to 99-percent efficiency in ECOnversion mode for a full return on investment within two years (model dependent) for medium and large data centers and commercial and industrial...

JMC Projects secures new orders of Rs 1,262 Cr JMC Projects (India) (JMC), a subsidiary of Kalpataru Power Transmission, has secured building projects in India of Rs 1,059 crore. It has also bagged a water project worth approximately Rs 203 crore in Maldives.Of the total Rs 1,262 crore, orders worth Rs 431 crore were bagged in March while the remaining orders worth Rs 831 crore were secured in April till...

Flipkart partners with Adani Group to strengthen logistics and data centre capabilities Flipkart today announced a strategic and commercial partnership with the Adani Group. In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, the largest diversified end-to-end logistics service provider in the country and a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to...

Atos, Dassault Systèmes, Groupe Renault, STMicroelectronics and Thales join forces to create Software République  Elie Girard, Bernard Charlès, Luca de Meo, Jean-Marc Chery and Patrice Caine, respectively the chief executives of Atos, Dassault Systèmes, Groupe Renault, STMicroelectronics and Thales announced their intention to join forces to create the Software République, a new ecosystem for innovation in intelligent mobility. By pooling their complementary expertise, the partners plan to develop and market...

Schneider Electric Launches EcoStruxure Rail in India Schneider Electric announced the launch of EcoStruxure Rail in India. Through this end-to-end digital solution, the company aims to build a collaborative digital environment for a safe, efficient, reliable and sustainable metro rail operations in the country. The solution also intends to significantly enhance smart management, provide electrical safety and improve energy efficiency by upto 25%, Enables efficiency planning services and safeguard system’s...

Hitachi and ABB target carbon-free mining machinery Hitachi Construction Machinery Co. Ltd. has signed a Memorandum of Understanding (MoU) with ABB Ltd. to explore opportunities for mine operators to target net-zero emissions from mining machinery.This MoU will allow Hitachi Construction Machinery and ABB to share their expertise and collaborate in bringing solutions to market that will reduce the greenhouse gas (GHG) emissions associated with heavy machinery in mining.The companies will...

Eaton acquires 50% stake in China’s HuanYu High Tech Power management company Eaton announced it has completed the acquisition of a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region.“Our partnership with HuanYu Group represents an exciting opportunity for both companies,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate...