Infrastructure

Otis India launches Ambiance elevator cab aesthetics range for Gen2 elevators Otis India launches its Ambiance elevator cab aesthetics range for Gen2 elevators. The range will be manufactured at the Otis India Bengaluru factory and has been designed specifically for Otis. The design leverages a combination of materials, form, textures and patterns to form a look that allows one to differentiate an Otis elevator from any other.The Ambiance range includes...

Construction equipment industry demands priority sector status, improved liquidity The Indian Construction Equipment Manufacturers Association (ICEMA) has urged the Ministry of Finance to consider lending priority sector status or at par with the infrastructure sector to the Indian construction equipment (CE) industry in the upcoming budget, given the critical role that the sector plays towards infrastructure development and economic growth of the economy.Explaining the rationale behind the demand, Dimitrov Krishnan,...

Budget Expectations for Auto & Manufacturing Industry Mr. Kamal Bali, President and MD, Volvo Group India After a stellar peak performance in 2018, the automotive sector particularly the CV industry, hit a bit of a roller coaster with the new axle load mandate, graduation to BS-VI regulations, followed by the Covid-19 jolt and lockdowns, the rising commodity prices, chip shortage impacting the supply chain in the last few quarters. While the...

Simple engineering innovations can be a game changer for construction equipment industry: Gadkari Congratulating the construction equipment (CE) industry on the initiative for enabling the adoption of bio diesel for construction equipment vehicles (CEVs), Nitin Gadkari, Minister for Road Transport and Highways urged the industry to innovate and make simple alterations to construction equipment to enhance use of bio diesel blends upto 50% as this could be a game changer for the...

Indian construction equipment industry growth slumps in Q3FY22 On the back of slowdown in the construction activity, the Indian construction equipment (CE) industry experienced 23% drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21, as per the Indian Construction Equipment Manufacturers Association (ICEMA) Industry Performance Report released on Wednesday. Significant decline has been observed in growth of earthmoving equipment, material...

Power Ministry revises guidelines & standards for EV charging infrastructure Power Ministry has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV) on 14th January. The objective is to enable a faster adoption of electric vehicles in India by ensuring safe, reliable, accessible and affordable Charging Infrastructure and eco-system. This would also promote energy security and reduction of emission intensity of the country by promotion...

Dalmia Cement starts commercial production at Murli Plant in Maharashtra Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, announced the commencement of commercial production at its Murli Plant in Chandrapur district, Maharashtra and thereby adding 2.9 MnT cement capacity to the  company’s overall installed capacity. The company’s installed cement capacity has now grown to 35.9 MnT.The company acquired the plant for Rs 410 crores and further committed...

Mahindra announces mileage & service guarantee scheme for its BS6 trucks Mahindra’s Truck and Bus Division (MTB), a part of the Mahindra Group, today announced their “Get More Mileage or Give Truck Back” Guarantee scheme for their entire BS6 range of BLAZO X Heavy, FURIO Intermediate, and Light Commercial trucks including FURIO7 and JAYO.According to Mahindra, “The new range features the proven 7.2L mPower Engine (HCVs) and mDi Tech Engine...

H&K registers all-time high record of 67 project orders in single yearH&K (India) closed the calendar year 2021 with an order book of 67 project orders, logging an impressive increase of 49% versus the previous year and an all-time high four-year record of 201 orders.  Since 2018 the H&K team has been recording a strong year-on-year growth that includes 34 project orders in 2018; 55 in 2019; 45 in COVID-year...

PM Modi inaugurates Kanpur MetroPrime Minister Narendra Modi inaugurated Kanpur Metro Rail Project today. He inspected the Kanpur Metro Rail Project and undertook a metro ride from the IIT metro station to Geeta Nagar. He also inaugurated the Bina-Panki Multiproduct Pipeline Project. The pipeline extends from the Bina refinery in Madhya Pradesh to Panki in Kanpur and will help the region access petroleum products from the Bina refinery. Chief...

IRB Infra bags Rs. 6,555 Cr order for upcoming Ganga Expressway BOT Project in UP Highway infrastructure and toll road developers IRB Infrastructure Developers Ltd. has received a Letter of Award from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for developing the Group 1 of the Ganga Expressway greenfield build-operate-transfer (BOT) project in Uttar Pradesh.  The company will develop the 129.7 kms stretch from Meerut to Badaun under Group 1...

Shell crosses 1 Mn registered members on its loyalty platform Shell Go+ IndiaEnergy and mobility solutions leader Shell unveils a new milestone with its digital-first, touch-free loyalty platform, “Shell Go+ India” reaching 1 million+ registered members on the Shell Asia App. Launched a year ago, the mobile app allows customers to earn points on every transaction, and redeem them for a variety of special vouchers, offers and products. As...

Meta opens new office in Gurugram Meta, formerly Facebook, unveiled a new office in Gurugram. Spanning 130,000 square feet, across 6 floors, this is Meta’s first stand-alone office facility in Asia, and blends global and local culture."Meta’s vision is to give people the power to build community and bring the world closer together. Its offices worldover are designed to align with that mission. The new Meta headquarters is designed with...

Hitachi Energy automates power distribution for Kolkata Metro’s new lineIndia’s first metro operator, Metro Railway, Kolkata, initiated services to extend the city’s North-South metro from Noapara to Dakshineswar. The 4.1 kms extension inaugurated by the Prime Minister of India, Narendra Modi, will provide fast, easy, pollution- and traffic-free travel to thousands of commuters in the city and its adjoining areas. The opening of the new line has brought down the commute...

Tata Steel executes blockchain enabled trade between India and Bangladesh  Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh. This makes it the first such deal executed between an India based company and a counterparty in Bangladesh assisted by different banks at respective ends. This transaction was facilitated by Standard Chartered, India, and was conducted on Contour’s blockchain trade platform, which enables banks,...