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Power Grid to launch InvIT IPO on April 29

Power Grid to launch InvIT IPO on April 29 State-owned Power Grid Corporation of India (PGCIL) to launch its Infrastructure Investment Trust (InvIT) on April 29. PowerGrid, in a regulatory filings with Securities and Exchange Board of India (SEBI), said that its issue comprises Rs 4,994 crore of fresh issuance and an offer for sale, the amount of which was undisclosed. It said, “The selling unitholder will be entitled to the proceeds...

EDF submits binding techno-commercial offer for Jaitapur

EDF submits binding techno-commercial offer for Jaitapur French state-run power utility firm Électricité de France S.A.(EDF) has submitted binding techno-commercial offer to state-run Nuclear Power Corp. of India Ltd (NPCIL) for construction of six EPR reactors at Jaitapur site in Maharashtra.  As per the offer, EDF will provide the EPR technology for the construction of six reactors. The Group relies on the know-how of its subsidiary Framatome to supply the engineering...

Ola announces World’s Largest Electric 2-Wheeler Charging Network

Ola announces World’s Largest Electric 2-Wheeler Charging Network Ola 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 platform

Subex launches HyperSense, an end-to-end augmented analytics platform Subex, 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...

Siemens, Google Cloud to cooperate on AI-based solutions in manufacturing

Siemens, Google Cloud to cooperate on AI-based solutions in manufacturing Google Cloud and Siemens, an innovation and technology leader in industrial automation and software, announced a new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future. Data drives today’s industrial processes,...

L&T completes 75 years of Construction & Mining Machinery business

L&T completes 75 years of Construction & Mining Machinery business Larsen & 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...

IEX starts cross border electricity trade on its platform

IEX starts cross border electricity trade on its platform The Indian Energy Exchange, India’s premiere energy marketplace, announced commencement of the Cross Border Electricity Trade (CBET) on its platform. This is a first-of-its kind initiative for the Exchanges to expand their power markets beyond India to the South Asia region towards building an integrated South Asian regional power market. In a remarkable development following the notification of CBET Regulations by CERC...

Schneider Electric partners with top 1,000 suppliers to help reduce their operations’ CO2 footprint 50% by 2025

Schneider Electric partners with top 1,000 suppliers to help reduce their operations’ CO2 footprint 50% by 2025 Schneider Electric has launched the Zero Carbon Project under which the company will partner with its top 1,000 suppliers that represent 70% of Schneider’s carbon emissions - to halve their operations’ CO2 emissions by 2025. The initiative is part of Schneider’s 2021-2025 sustainability goals, and is a concrete step towards limiting the rise...

Procter & Gamble commissions 1MW in-house solar plant at Hyderabad site

Procter & Gamble commissions 1MW in-house solar plant at Hyderabad site Procter & Gamble announced the commissioning of its first in-house solar plant at the company’s Hyderabad manufacturing site. This is P&G’s first site in India and only the fifth manufacturing site globally to house a solar plant. Spread over 16,000 sq. mt. and comprising of nearly 3000 panels, the in-house solar plant has a capacity of 1MW clean energy production...

Adani Electricity Mumbai commissions synthetic ester oil filled transformer at Borivali

Adani Electricity Mumbai commissions synthetic ester oil filled transformer at Borivali Adani Electricity Mumbai Limited (AEML), an integrated power utility, recently commissioned India’s first Synthetic Ester Oil filled 220kV, 125MVA capacity power transformer in its Mumbai transmission network at 220kV Borivali EHV substation. According to AEML, unlike conventional mineral oil filled transformer, synthetic ester oil transformer has higher fire point (>300 deg.C), low heat of combustion (30.8 MJ/kg). Moreover, it offers...

India to setup 16 Active Pharmaceutical Ingredients manufacturing plants

India to setup 16 Active Pharmaceutical Ingredients manufacturing plants The Indian government on April 13 approved Rs 350 crore to set up 16 manufacturing plants for Active Pharmaceutical Ingredients (API) in the country under the production-linked incentive scheme. According to the Chemicals and Fertilisers Ministry, the government will invest the funds in the setting of these plants which will make the country self-reliant with respect to these bulk drugs. The commercial...

India adds 9.7 GW of power generation capacity this fiscal till Feb 28

India adds 9.7 GW of power generation capacity this fiscal till Feb 28 India 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...

Hero Motors Company opens premium export oriented manufacturing plant in Ludhiana

Hero Motors Company has unveiled its new hi-end export-oriented manufacturing plant at the Hero E Cycle Valley near Ludhiana in Punjab. Hero Motors Company’s Chairman and Managing Director Pankaj Munjal said that the plant will augment the company's annual production capacity to 10 million units, with a production of 4 million premium bicycles and E Cycles, majorly for global consumption. Along with the new plant, Hero E Cycle Valley will...

Siemens Healthcare India names Vivek Kanade as MD

Siemens Healthcare India names Vivek Kanade as MD Siemens Healthcare Private Limited (SHPL), a wholly-owned subsidiary company of Siemens Healthineers AG, named Vivek Kanade as the Managing Director effective 1st April. Vivek will continue to lead the business for Siemens Healthineers India including, manufacturing, sales and distribution, strategy for “Zone India”, comprising of neighbouring countries like Bangladesh, Nepal, Sri Lanka and Maldives. During his association with Siemens for over 27 years, he has...

Siemens’ new F-gas-free ring main unit sets new standards for climate-friendly power distribution

Siemens’ new F-gas-free ring main unit sets new standards for climate-friendly power distribution Siemens Smart Infrastructure has introduced the 8DJH 24 switchgear, a ring main unit (RMU) for line voltages up to 24 kilovolts (kV), completely free of fluorinated gases. This medium-voltage switchgear for secondary electrical distribution has the same compact dimensions as the variant with sulfur hexafluoride (SF6) but uses the climate-neutral insulation medium “Clean Air”, which consists exclusively...
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