Infrastructure

Union Budget 2023 | Reaction from Bhupesh Arora, Business Head, Digital Energy, Schneider Electric India The Union Budget 2023 demonstrates the government's commitment to building and expanding the infrastructure sector to boost the economy.  We welcome the government’s move to announce an enhanced outlay on capital investment by 33.4% to Rs. 10 lakh crore, for the infrastructure sector. This will result in more employment creation, increased manufacturing capacities, and the energy sector's...

Union Budget 2023 | Reaction from Shivaji Waghmare, CEO, Fuji Electric India I think Budget 2023 is growth-oriented and it strikes a balance between economic growth and social welfare. It is great news that the budget has provided Rs 35,000 crores priority capital investment towards energy transition and net zero objectives, and energy security. We appreciate the move to extend customs duty exemption to the import of capital goods and...

Union Budget 2023 | Reaction from N Venu, MD and CEO, India and South Asia, Hitachi Energy  InfrastructureIndia needs commensurate infrastructure development to reach its goal of becoming a 5 trillion economy. Over many years, the governments have been investing in capex, pumping the much-needed energy to keep the economy sanguine.This is well reflected in the Economic Survey of 2022-23; Capital Expenditure (Capex) of the central government increased by 63.4...

Captain Electrical to set up new manufacturing plant in Maharashtra The new factory will produce its new range of premium products called AVE for customers around the globe.Captain Electrical Industries announces the setting up a new plant in Maharashtra’s Palghar, with the goal of doubling its manufacturing capacity upgrading from 24,000 sq ft to 150,000 sq ft and creating over 250 job opportunities for the locals.The company's commitment to continual...

Siemens Mobility bags €3 bn project from Indian Railways Siemens Mobility has received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest locomotive order in the history of Siemens Mobility and single largest order in the history of Siemens India. The contract has a total value of approximately €3 billion, excluding taxes and price variation.Siemens Mobility will design, manufacture, commission and test the...

Honeywell partners with Nexceris to improve electric vehicles safety Honeywell announced today it is expanding its strategic alliance with Nexceris, developer of Li-ion Tamer lithium-ion gas detection solutions, to help make electric vehicles (EVs) safer. Honeywell and Nexceris will offer advanced automotive sensing technology to help prevent conditions leading to thermal runaway in EV batteries, a phenomenon that causes extremely high temperatures within the battery cell and can result in...

BKT to launch 2 new EARTHMAX tires at bauma CONEXPO INDIA 2023 Balkrishna Industries Ltd. (BKT), the Indian multinational company and global player in the off-highway tire market, will be participating in the bauma CONEXPO India 2023 and will be launching two tires under the sub-brand EARTHMAX.These ‘Made for India’ tires are designed for the Indian infrastructure, construction, and mining sectors. BKT will also be exhibiting some of its other...

BPE installs UPS in MOPA greenfield airport in Goa Noida-based manufacturer of end-to-end strategic power solutions, BPE (Best Power Equipments) announced the installation of uninterrupted power supply (UPS) at the recently inaugurated MOPA Airport, Goa.BPE provides critical power products to various Indian and international airports like Singapore. The total multiple UPS capacity supplied to Goa airport is upto 500 kVA. Most of the UPS are working in parallel redundancy which...

5-minute pothole repair solution to fill potholes in Kalyan-Dombivli Area Kalyan Dombivli Municipal Corporation (KDMC) deployed a new, innovative pothole-filling technology to make the roads of Kalyan and Dombivili safer and smoother for its civilians. A trial demo was conducted to evaluate whether the potholes would be filled within 5 minutes.Pot-Crete developed by RDC Concrete and its subsidiary company Ultrafine is a rapid pothole repair solution that guarantees durable repairs...

Schneider Electric to double its manufacturing capacity; Invests Rs. 425 Cr in Bengaluru Schneider Electric plans to double its manufacturing capabilities with the development of a new smart factory in Bengaluru. With a planned investment of Rs. 425 crore, the new facility will consolidate 6 out of the 10 existing factories of the company in Bengaluru, under one roof.Expanding its presence to a 1 million sq. feet of industrial setup...

Schneider Electric signs MoU with Nettur Technical Training Foundation for Skill Development Schneider Electric announced the signing of a Memorandum of Understanding (MoU) with Nettur Technical Training Foundation (NTTF), a Skilling Institution in India, to maximize the impact of training and skilling initiative among the youth of the country.Schneider Electric is actively working with various education providers and universities to create a knowledge-based quality workforce in the market by providing...

G R Infraprojects inks pact with IndiGrid for Rs. 5,000 Cr power transmission bids India Grid Trust (IndiGrid), India’s first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Limited (GRIL), one of India’s leading players in infrastructure sector, have announced a strategic partnership in the Indian power transmission sector.A MoU has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects aggregating to...

ZEISS Group reports 16% revenue growth ZEISS Group achieved significant growth across all segments despite challenging geopolitical and economic conditions. Revenue rose by 16% to 8.8 billion euros, surpassing over 8 billion euros for the first time (prior year: 7.5 billion euros) in fiscal year 2021/22 (end of reporting period: 30 September 2022). Earnings before interest and tax (EBIT) also achieved a new peak, reaching 1.6 billion euros (prior year:...

Nuvoco adds ADVANCED Aluminium Body Trucks in its Logistics Fleet Nuvoco Vistas Corp Ltd, one of the leading cement players in India, has added advanced aluminium body trucks to its logistics fleet. These trucks are built with aluminium that is sourced from Hindalco Industries Limited, one of the leading aluminium manufacturers in India. This unique model enhances Nuvoco's logistics efficiencies and strengthens its sustainable supply chain.Aluminium-body Trucks are lighter with...

Dalmia Bharat to acquire Jaypee Group assets for Rs 5,666 Cr Dalmia Cement (Bharat) Limited (DCBL), wholly owned subsidiary of Dalmia Bharat Limited, has today entered into a binding framework agreement for the acquisition of clinker, cement and power plants from Jaypee group flagship company Jaiprakash Associates Limited and its subsidiary / associate having total cement capacity of 9.4 MnT (along with clinker capacity of 6.7MnT and Thermal Power plants...