Infrastructure

Siemens Limited announces CAPEX of over Rs. 1,000 crore Siemens Limited today announced the expansion of two of its 32 factories in India. This is in addition to the capacity expansions of the Power Transformer factory in Kalwa and Vacuum Interrupter factory in Goa announced by the Company in November last year. With this, total Capex investment is expected to exceed Rs 1,000 crore. Expansion of Smart Infrastructure Operations, Goa Siemens Limited’s Smart...

Siemens board approves demerger of Energy Business into a separate listed entity The Board of Directors of Siemens Limited approved the proposal to demerge its Energy Business into a separate legal entity – Siemens Energy India Limited (currently a wholly owned subsidiary of Siemens Limited). The new entity will subsequently be listed on the BSE Limited and National Stock Exchange of India Limited, the company said in a regulatory filing. As...

AJAX Engineering exports “Made in India” Slip-form Paver to global markets AJAX Engineering, a leading Indian manufacturer of concreting equipment, announced export of its Slip-form Paver to global markets, spanning across Russia and Africa. It claims to be the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale infrastructure projects for the efficient and precise laying of concrete. “AJAX Engineering has indigenously...

Indian construction equipment industry records 26% sales growth in FY24 With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian construction equipment (CE) industry has recorded 26% increase in overall sales volume for the financial year 2023-24, a statement issued by Indian Construction Equipment Manufacturers Association (ICEMA) said. The industry witnessed significant increase in demand in both domestic as well as exports markets, by...

HANNOVER MESSE 2024: “Powerhouse for promising upswing” “HANNOVER MESSE 2024 was both an industrial powerhouse and a technology trade fair for the future,” remarked Dr. Jochen Köckler, Chairman of the Managing Board, Deutsche Messe AG, at the closing press conference for HANNOVER MESSE 2024. “It was an industrial powerhouse because visitors found answers to how they can profitably take advantage of automation, artificial intelligence, hydrogen and many other high-tech solutions...

NueGo launches “India’s first” long-haul electric AC sleeper bus service Intercity Bus inside Sleeper NueGo, the electric intercity bus brand from GreenCell Mobility, announced the launch of intercity electric bus service on its major routes across India such as Bengaluru - Chennai, Bengaluru - Coimbatore, Vijaywada - Vizag, Delhi – Jaipur,  and Delhi - Amritsar. NueGo plans to expand its operations by launching new routes and build charging infrastructure to ensure...

BPCL to construct 34-km ATF pipeline from Piyala to Noida International Airport Bharat Petroleum Corporation Limited (BPCL) and Noida International Airport (NIA) signed an agreement to lay a dedicated aviation turbine fuel (ATF) pipeline from BPCL’s Piyala Terminal to the tank farm at Noida International Airport to meet the airport's ATF demand while reducing carbon emissions. The dedicated ATF pipeline spans over 34 kilometres, extending 1.2 kilometres within the airport premises....

Global South leads circular transition agenda for the planet at WCEF 2024 The roundtable, "From Aspiration to Actions: Accelerating Circular Transition Worldwide" held on April 15th, at The Square in Brussels, at WCEF2024, saw a full house endorsing the Global South’s leading role in accelerating the global transition towards circularity and the setting up of the Global Center on Circular Economy in India. Entities from the Global South, led by the...

Rubal Prakhar Agarwal takes charge as MD of Maha Mumbai Metro Operation Corporation Maha Mumbai Metro Operation Corporation LTD (MMMOCL) announced the appointment of Rubal Prakhar Agarwal as the new Managing Director. Mrs. Agarwal has previously served as the commissioner of the Integrated Child Development Services (ICDS) scheme in Maharashtra. “With her extensive experience and leadership skills, she is well-prepared to lead MMMOCL in its mission to operate and maintain metro...

Bengaluru’s Bommasandra Metro Station to be named after Delta India To commemorate its 20th anniversary in India, Delta Electronics India Pvt Ltd (Delta India) announced a partnership with Bangalore Metro Rail Corporation Limited (BMRCL). The two entities have signed a Memorandum of Understanding (MoU) for the naming rights of the Bommasandra Metro Station on the yellow line of RV Road to Bommasandra Line (Reach-5) as part of Phase-II of the...

Herbalife India partners with IIM Bangalore to set up Supply Chain Sustainability Lab Herbalife India with the Indian Institute of Management Bangalore (IIMB) to establish a cutting-edge Supply Chain Sustainability Lab. Launched in 2023, this collaborative effort aims to advance sustainable supply chain practices, dissemination, and advocacy though research and development initiatives. Herbalife India and the IIM-B Supply Chain Sustainability Lab are leading the charge for sustainable supply chains, tackling...

Udaipur Cement Works inaugurates new cement mill at Dabok plant Udaipur Cement Works Limited (UCWL), a subsidiary of cement major JK Lakshmi Cement Ltd., has announced the inauguration of Cement Mill IV at its Dabok Plant in Udaipur, Rajasthan. The new plant is expected to increase UCWL's production capacity, from current 2.2 million MT to 4.7 million MT. "This expansion not only strengthens our position in the cement industry but also...

ABB India turns half of its manufacturing locations ‘water positive’ ABB India announced that its Peenya campus in Bengaluru has been certified water positive by the Green Rating for Integrated Habitat Assessment (GRIHA) Council. With this, three out of its six manufacturing locations are now ‘water positive’. Their Peenya campus has a water positivity index of 1.05, demonstrating its contribution towards replenishing a much greater quantity of water for the...

BKT Tires partners with 7 IPL teams BKT Tires, an Indian multinational company and a global player in the off-highway tire market, announced its partnership with seven Indian Premier League (IPL) cricket teams for the ongoing season. Alongside its inaugural collaboration with Lucknow Super Giants, BKT reinforces its enduring backing for Mumbai Indians, Kolkata Knight Riders, Punjab Kings, Rajasthan Royals, Sunrisers Hyderabad and Gujarat Titans. Rajiv Poddar, Joint Managing Director of...

Daimler India CV achieves "best-ever sales" in 2023; MY24 BharatBenz trucks to drive growth in 2024 Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG  announced that in CY2023 it has achieved record sales and revenue performance. The company’s CY2023 domestic truck and bus sales grew by 39% and revenue grew by 21% over 2022. DICV’s bus volumes doubled in CY2023, growing 107% over 2022. Its cumulative...