Industry Segments Online News Updates
Electrical & Power
RattanIndia Power secures refinancing of senior debt with Rs 1,114 Cr transaction
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...
Electrical & Power
Michelin’s Chennai factory to be powered with renewable energy
Michelin’s Chennai factory to be powered with renewable energy
Leading mobility and technology company, Michelin, has signed a Power Purchase Agreement (PPA) with CleanMax Enviro Energy Solutions Pvt. Ltd for supply of green energy. The agreement marks Michelin’s factory at Thervoykandigai, first long-term open access PPA, that will increase the total contribution of renewable energy to 37% from current 11% and account for a reduction of 11,712 tonnes of CO2...
Manufacturing
ABB helps Ruchira Papers increase uptime by 13%
ABB helps Ruchira Papers increase uptime by 13%
ABB India announced that its Motion OneCare solutions have helped Ruchira Papers in increasing their uptime by almost 13%. In the two years, since its service agreement with Ruchira Papers for its Motion OneCare solutions went into effect, uptime has already risen to 94.8%, an increase of almost 13%, ABB claims.Ruchira Papers manufactures printing, writing, and kraft paper from agricultural waste materials...
Electrical & Power Industry News: Power/Electricity Distribution
Indian electrical equipment industry records 13% growth in 2022-23: IEEMA
Indian electrical equipment industry records 13% growth in 2022-23: IEEMA
The electrical and industrial electronics industry has witnessed a record double-digit growth of 13% in 2022-23, according to the data compiled by the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the apex Indian industry association of manufacturers of electrical, industrial electronics and allied equipment. The production volume/quantities of sales data is collected from its member organisations, which represent 90 percent...
Electrical & Power
Cummins India gets certification for CPCB IV+ emissions standard compliance
Cummins India gets certification for CPCB IV+ emissions standard compliance
Cummins India, one of the leading technology providers of power solutions, announced that it had received various CPCB IV+ compliance certifications from the Automotive Research Association of India (ARAI).“The certifications awarded by ARAI reaffirms the readiness of Cummins India Limited to provide its customers with various CPCB IV+ emission norms compliant gensets, effective July 1, 2023, when the new regulations...
Infrastructure
ABB Robots helping Amazon reforestation project
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...
Manufacturing
Thyssenkrupp, Mazagon Dock Shipbuilders sign MoU to jointly build submarine
Thyssenkrupp, Mazagon Dock Shipbuilders sign MoU to jointly build submarine
Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders signed a Memorandum of Understanding (MoU) on the intended construction of conventional, air-independent-propulsion submarines.“With India being one of Germany’s strategic partners, Thyssenkrupp Marine Systems is keen to again demonstrate its expertise in the Indian market,” Thyssenkrupp said in a statement.Oliver Burkhard, CEO, Thyssenkrupp Marine Systems said, “We look back on a...
Electrical & Power
Power Minister exhorts women to increase participation in renewable energy sector
Power Minister exhorts women to increase participation in renewable energy sector
Power and New & Renewable Energy Minister RK Singh exhorted women to increase participation in the renewable energy sector and steer India's energy transition towards Net Zero while speaking at an event organized on the occasion of World Environment Day.He also mentioned India’s key achievements in the renewable energy sector and stated that India’s actions are in line with...
Industry News Articles Current Technical Analysis, Views & Updates
Mining & metals industry confident they can deliver growth
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...
Electrical & Power
Serentica partners for contracts worth Rs. 10,000 Cr
Serentica partners for contracts worth Rs. 10,000 Cr
Serentica Renewables, a renewable energy platform enabling industrial decarbonization announced successful placement of contracts worth Rs. 10,000 crore for its upcoming renewable energy projects. The contracts placed upon leading renewable energy solution providers will enable Serentica to develop 1.5 GW of RE capacity in the country.
Serentica is setting up solar and wind capacities across the states of Karnataka, Maharashtra, Andhra Pradesh, and Rajasthan...
Industry News Articles Current Technical Analysis, Views & Updates
Minus Zero Unveils India’s First Autonomous Vehicle
Minus Zero Unveils India's First Autonomous Vehicle
Minus Zero, an AI start-up based in Bengaluru, has unveiled the zPod autonomous driving concept, positioning it as India's first autonomous vehicle. The fully-electric prototype utilizes a camera-sensor suite and exhibits Level 5 autonomy capabilities, enabling operation without human intervention across diverse environmental and geographical conditions. Level 5 autonomy represents the highest level of autonomous driving, where a vehicle can navigate without human...
Electrical & Power
Ashoka University appoints Dr. Leena Srivastava as head of new centre on energy transition
Ashoka University appoints
Dr. Leena Srivastava as head of
new centre on energy transition
Ashoka University announced the appointment of Dr. Leena Srivastava as the Director and Head of the recently launched Ashoka Centre for a People-Centric Energy Transition (ACPET). The Centre was established in March 2023 with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South....
Manufacturing
EMO Hannover paving the way for zero-defect manufacturing
EMO Hannover paving the way for zero-defect manufacturing
Many production companies are facing a dilemma. Often, the only way that they can survive is to adopt zero-defect manufacturing that offers greater cost-efficiency while using less energy. This can be achieved using intelligent clamping technology – which has now developed into a machine within a machine. It makes use of sensors to detect and correct anomalies and malfunctions. EMO Hannover is...
Construction
Volvo launches its first mid-sized electric excavator in Europe
Volvo launches its first mid-sized electric excavator in Europe
Volvo Construction Equipment (Volvo CE) has launched its first mid-size electric excavator, the EC230 Electric, into the European market.The company says the excavator, which delivers sustainable operation with low noise and zero emissions, is available to select customers in Europe after being first introduced in China in 2021 and Norway in 2022.The 23-ton EC230 Electric excavator promises the same performance as...
Industry News Articles Current Technical Analysis, Views & Updates
umati linking the old and the new in “brownfield” Hackathon
umati linking the old and the new in “brownfield” Hackathon
Machine tool community working on joint solutions aimed at connecting existing machinesWhat is the best way to connect old machines to new systems? This was the very question that spurred umati, the connectivity initiative of the mechanical and plant engineering industry, to organize a hackathon in cooperation with the international United Grinding Group. A total of 30 digitalization experts from...
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Products of the Month
Normet launches Variomec XS for underground logistics
Normet launches Variomec XS for underground logistics
Normet is a Finnish company operating globally with over 50 locations in 33...
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