Infrastructure

India must become champion of climate action: Amitabh Kant India’s G20 Sherpa Amitabh Kant set a high target for India, stating that India must become the first country in the world to industrialize without carbonizing, while delivering the opening address at Connect Karo 2023 organized by WRI India in New Delhi on Monday. Connect Karo 2023 is WRI India's flagship event that offers a platform for multiple stakeholders from India and...

REC to provide Rs. 3,045 Cr financial assistance to Bangalore Metro REC Limited, a Central Public Sector Enterprise under the Power Ministry, has decided to extend financial assistance of Rs. 3,045 crores to Bangalore Metro Rail Corporation Limited (BMRCL), for establishment and development of Metro Lines under Phase-II project of Bangalore Metro. The decision to extend the assistance was taken at the board meeting of REC, held in Bengaluru on 24th June...

RattanIndia Power secures refinancing of senior debt with Rs 1,114 Cr transaction  RattanIndia Power Ltd. announced that it has refinanced its senior debt in a Rs 1,114 crores transaction led by Kotak Mahindra Bank. RattanIndia Power Ltd. had earlier concluded a resolution with erstwhile lenders for 1,350 MW Amravati Thermal Power Plant in December 2019, whereby the loans from Indian banks and financial institutions were taken over by international financial...

EV adoption in India | What Went Wrong Despite the Indian government's ambitious plan to have 80 million electric vehicles on the roads by 2030, the current numbers paint a less encouraging picture. As of December 2022, India had only 1.8 million registered electric vehicles. Even the NITI Aayog projects that by 2030, the figure may only reach 50 million. Abhijeet Sinha, National Program Director, Ease of Doing Business |...

Indian construction equipment industry to reach $25 bn by 2030 | Dimitrov Krishnan | ICEMA | Volvo Today the construction equipment industry in India is roughly about US$ 7 billion in the top line. The industry has surpassed Japan in 2018 to become the third largest market in the world. Sharing the industry’s vision, Dimitrov Krishnan, President, Indian Construction Equipment Manufacturers Association (ICEMA) and Managing Director, Volvo CE India says, “We...

Making of Mumbai Metro 3 With every brick laid, Mumbai's landscape transforms, paving the way for a more connected and sustainable future. The Mumbai Metro 3 project brings hope, anticipation, and excitement to city dwellers. As the metro takes shape, it promises to revolutionize urban connectivity, alleviating traffic congestion and reducing pollution. When completed, the 33.5 km long line between Navy Nagar and Aarey Depot, will be the first underground metro...

ABB Robots helping Amazon reforestation project A pilot project between ABB Robotics and US non-profit organization Junglekeepers is demonstrating the role Cloud technology can play in making reforestation faster, more efficient and scalable. ABB Robotics is supporting Junglekeepers in their mission to protect 55,000 acres of Amazon rainforest and reverse deforestation. In a first-of-its-kind demonstration, ABB’s cobot YuMi is automating planting tasks in a jungle laboratory, speeding the process and allowing...

MahaTransco celebrates 18 Years of Powering Maharashtra MahaTransco, the leading transmission company in the country, marked its 18th anniversary with a grand celebration, showcasing its ongoing projects and initiatives. The event was attended by esteemed dignitaries, including the Director (Independent) of Maharashtra State Electricity Board Sutradhari Company, Vishwas Pathak, Director (Operation) Sandeep Kalantri, Director (Projects) Naseer Qadri, Director (Finance) Ashok Phalnikar, and Director (Human Resources) Sugata Gamre. During the commemorative event,...

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...

Why Adani should redevelop Dharavi? | EXCLUSIVE India's most famous slum, Dharavi, is home to over one million people and covers an area of 2.1 sq. kms. The Adani Group is one of India's largest conglomerates, with interests in infrastructure, energy, and logistics. Reports suggest that the Adani Group is considering a proposal to redevelop Dharavi. What are the possibilities of Adani redeveloping India's most famous slum? Is Adani's plan to redevelop...

Maharashtra CM flags off Mumbai Trans Harbour Link Maharashtra Chief Minister Eknath Shinde waved the green flag, initiating a short drive for the bus on Mumbai Trans Harbour Link (MTHL) as a ceremonial gesture, in the presence of Deputy Chief Minister Devendra Fadnavis, MMRDA ( Mumbai Metropolitan Region Development Authority) officers, engineers etc. The MTHL consists of a total bridge length of 22 kilometers, including 5.5 kilometers of approach roads on...

How to Improve Data Center Uptime | Siemens | Socomec | Eaton Data centers serve as the 21st century's factories, making it crucial to ensure uninterrupted access to the services and applications they host. Accessibility for users 24/7, without disruptions, is paramount in this regard. The Ponemon Institute's report reveals that data center downtime costs approximately $9,000 per minute. Additionally, Gartner estimates that Fortune 1000 companies can face downtime costs ranging...

Electrical Fire Safety | APAR Industries | Testo | Pankaj Dharkar | BASEC Electrical fires are frequent in India, leading to significant property damage and deaths. According to the National Crime Records Bureau (NCRB) of India, in 2019, there were 3,454 fire incidents caused by electrical issues. These incidents resulted in 1,399 deaths and 2,319 injuries. To prevent electrical fires, it is crucial to prevent them. This includes following electrical safety...

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...