Infrastructure

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...

Skipper Foundation hands over scholarships to 1500 girl students Skipper Foundation, a Corporate Social Responsibility (CSR) arm of Skipper Limited, one of the world’s leading manufacturers of Power Transmission & Distribution structures and Polymer Products, announced scholarships to 1500 girl students from 22 schools of Kolkata and Howrah. The scholarships were given by Shri Nityanand Charan Das, a national bestselling author and practicing monk at Radhagopinath temple ISKCON, at its...

Sterlite Power acquires Kishtwar Transmission Project in J&K from PFC Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, announced the acquisition of Kishtwar Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL). PFCCL is a wholly owned subsidiary of Power Finance Corporation Limited (PFC), a Maharatna Public Sector Enterprise. The project was awarded to Sterlite Power through Tariff Based Competitive Bidding (TBCB)...

Marquardt Group launches global R&D Center in Pune Marquardt India, a leading manufacturer of electromechanical and electronic switches and switching systems for automobiles and other sectors opened its global R&D center in Pune. The center with skilled engineers is well-equipped to cater to the demands of global and local automotive customers. Dr Harald Marquardt, Chief Executive Officer of the Marquardt Group, and Mr Vishal Narvekar, Managing Director of Marquardt India Pvt....

Dassault Systèmes, Samsung Heavy Industries cooperate to establish a smart digital shipyard Dassault Systèmes announced the signature of a Memorandum of Understanding with Samsung Heavy Industries to create a “smart yard” based on new digital transformation technology with the aim to establish a fully digital shipyard and a competitive edge. The smart yard is designed to optimize the shipyard operations’ scheduling and execution as well as streamline and automate the flow...

BKT showcased its world-class mining masterpieces at IMME 2022 Balkrishna Industries Ltd. (BKT), the Indian multinational Group and global player in the Off-Highway tire market, participated in the 16th edition of IMME. The International Mining and Machinery Exhibition was organized by the Confederation of Indian Industry (CII) and was held between the 16th and 19th of November at Eco Park, Rajarhat in Kolkata. BKT showcased its technologically driven high-quality products for the...

India’s EV Charger market to grow at CAGR of 46.5%: IESA report Indian EV charger market would expand at a CAGR of 46.5% between 2022 and 2030, said a report published by India Energy Storage Alliance (IESA), India’s leading industry alliance on energy storage, e-mobility, and green hydrogen. The 3rd annual edition of the “2022 India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview Report” examines the current market trend...

Hitachi Energy to supply transformers for India’s largest renewable energy park in Gujarat Hitachi Energy India Limited (Hitachi Energy) has been awarded a contract by NTPC Renewable Energy Limited (NTPC REL) to supply power transformers for their upcoming 4.75 GW renewable energy park in Gujarat, which is part of India’s largest solar park. Spread over 72,600 hectares in Kutch, this solar park supports the country’s efforts towards carbon-neutral future with...

VDMA conducts 11th Mechanical Engineering Summit at Pune The 11th VDMA Mechanical Engineering Summit – the annual flagship event of VDMA India was held on the 16th of September at Pune. Over 320 participants from 21 cities of India and Germany attended this event. Present at the occasion, Rajesh Nath, Managing Director of VDMA India spoke about the Ukraine-Russia Conflict and how it has affected Global Supply chains and created major...

BKT all geared up to showcase state-of-the-art masterpieces at IMME 2022 Balkrishna Industries Ltd. (BKT), the Indian multinational Group and a leading global player in the Off-Highway tire market will participate in the 16th edition of International Mining and Machinery Exhibition (IMME) event organized by the Confederation of Indian Industry (CII). The event will be held between the November 16th and 19th at Eco Park, Rajarhat in Kolkata. BKT, being one...

  Johnson Lifts introduces Advanced Intelligent Software connecting lifts Johnson Lifts introduced an IoT-based wireless software device that senses, monitors, and alerts and have termed it as WATCH. This “WATCH” (Wireless Assessment to Troubleshoot Channelize & Host) is wireless software that connects your lifts to the data center through the IoT device in the lift. This new technology will enable real-time monitoring of lifts, sense and alert a team of highly...

Mamata Banerjee inaugurates Rs 600-crore Tata Metaliks plant at Kharagpur West Bengal Chief Minister Mamata Banerjee inaugurated Phase-I of expansion project of Ductile Iron (DI) Pipe plant of Tata Metaliks at Kharagpur. This Rs 600 crore expansion project will take Company’s Ductile Iron Pipe plant capacity to over 4 lakh tonnes per annum in two phases. Inauguration of this plant is expected to give a major fillip to industrialisation in...

Shell plans to install over 10,000 charging points across India by 2030 Shell launched its first electric vehicle (EV) chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru today. India is the first market for Shell to launch chargers for two-wheelers. The company plans to set up more than 10,000 charging points across India by 2030 and aims to provide safe, green, and integrated mobility solutions to its...