Engineering
Chevron to invest Rs 8,300 crore in Karnataka: Minister Patil
Chevron unveiled plans to invest Rs 8,300 crore in setting up an Engineering and Innovation Centre in Karnataka. The center is poised to employ 600 engineers by 2025 to advance energy technology innovations. This development reinforces Karnataka's status as a major global center for technological and economic advancements.
Wipro Hydraulics opens Rs 250 cr manufacturing facility in Jaipur
Wipro Hydraulics has inaugurated its sixth manufacturing plant in Jaipur, Rajasthan with an investment of Rs 250 crore. The facility, which can produce 1,000 hydraulic cylinders daily, is aimed at meeting both domestic and international demand. This is part of Wipro Infrastructure Engineering’s expansion in the hydraulics manufacturing sector.
Larsen & Toubro bags 'large' order for infra development in Maharashtra
Larsen & Toubro has been awarded a major infrastructure development project in Navi Mumbai, Maharashtra. The project, classified as 'large' and valued between Rs 2,500 crore and Rs 5,000 crore, was issued by CIDCO and includes various civil works. It forms part of the NAINA initiative aimed at comprehensive urban growth.
Axiscades subsidiary bags energy storage project by UK-based Highview Power
Axiscades' subsidiary, Epcogen, has won a significant contract from Highview Power in the UK. The project will feature the world's largest liquid air energy storage facility in Manchester, set to generate 50 MW of power over six hours. The facility will be operational by 2026, powering over one million homes in the UK.
Gensol Engineering-Matrix Gas consortium bags 237 MW electrolyser project
A consortium consisting of Gensol Engineering and Matrix Gas & Renewables has been awarded a project to establish a 237 MW electrolyser manufacturing plant by the Solar Energy Corporation of India (SECI). This project is part of the government's Production Linked Incentive (PLI) scheme. The consortium has now secured a total capacity of 300 MW, including a previously awarded 63 MW project.
Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics
Wipro Hydraulics has acquired Columbus Hydraulics, a US-based hydraulics cylinder manufacturing company, to strengthen its presence in the North American market. The company acquired a 100-stake stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business, Wipro Hydraulics.
TIL Limited to be Snorkel Europe's sales and service partner in several regions of India
As part of this new partnership, Snorkel will provide their extensive product range along with knowledge and support while TIL will leverage its wide network of customers within India, Nepal and Bhutan to provide high-quality aerial work platforms, tele handlers and material lifts.
Texmaco bags Rs 243cr order from MRVC
Texmaco Rail & Engineering Ltd received Rs 243 crore orders from Mumbai Railway Vikas Corporation for power supply projects on the Virar-Dahanu and Panvel-Karjat routes. The company’s EPC division, Bright Power, will manage the projects, marking a significant milestone and affirming Texmaco's prominence in the railway infrastructure sector.
Sansera signs MoU with Karnataka to set up manufacturing facility at Rs 2,100 Crore
Sansera Engineering Limited signed an MoU with the Karnataka government to invest Rs 2,100 crore in expanding its manufacturing capacity in Ramanagara, aiming to boost growth in automotive and non-automotive sectors. The investment will span three to five years, creating around 3,500 jobs. The new facility, expected to increase manufacturing capacity by Rs 3,000 crore, will introduce advanced technologies and training programs to enhance local workforce skills and promote innovation.
Garuda Aerospace signs pact with French Thales to promote drone ecosystem
Thales, a major player in the French aerospace industry, has signed a preliminary agreement with UAV manufacturer Garuda Aerospace to support drone ecosystem development in India. It will focus on unmanned traffic management solutions and system integration. The collaboration aims to drive innovation and enhance technological solutions for safe and secure drone operations, leveraging Thales' global experience. Ashish Saraf, Thales' VP and Country Director in India, highlighted the Indian government's support for the drone industry and emphasized the partnership's role in advancing UTM systems in the country
Must Watch
BPEA Credit commits Rs 250 crore to DMW group
BPEA Credit invests Rs. 250 crore in DMW Group, specializing in precision manufactured components for various industries. The funding, which includes a green shoe option, supports DMW's growth in automotive, aerospace, railways, and other sectors. BPEA sees potential in India's manufacturing industry, aligning with their investment philosophy and the country's growth prospects.
NCLAT relief for IL&FS Engineering in recovery case
The National Company Law Appellate Tribunal (NCLAT) dismissed Terra Projects Pvt Ltd's application for modification of its October 2018 order, preventing the company from initiating recovery proceedings against IECCL for ₹150 crore. The tribunal ruled that the Supreme Court has not interfered with the NCLAT order, and Terra Projects' plea for modification was bound to be rejected.
Schindler will one day employ as many in India as in China, CEO says
Swiss liftmaker Schindler plans to employ as many people in India as it does in China, according to CEO Silvio Napoli. The company, which first established itself in India in 1998, currently employs about 6,000 people in India and plans to employ 10,000 there by the same time. The company's strategy is to manufacture where it builds, install and maintain, with the Indian market justifying its expansion.
Panasonic Avionics sees opportunities for more India software facilities
Panasonic Avionics, a global leader in inflight engagement and connectivity, has opened its first software design and development centre in India. The company sees an opportunity to have more facilities in India due to its fast-growing market, where Air India and IndiGo are expanding their fleets and Air India is refurbishing its old aircraft. Demand will come mainly from newer customers, with a massive opportunity in segments such as refurbished aircraft.
Corner Office Conversation with Roland Busch, Global CEO, Siemens AG
Did you know Siemens is the world's largest industrial software company? The Morning Brief podcast explores how this German giant, known for smart cities, cutting-edge green factories, and innovative energy solutions, is transforming itself to meet today's challenges. Host Arijit Barman sits down with the behemoth's global CEO Roland Busch to discuss industry, innovation, and the future of industrial software, with a special focus on India.
Panasonic Avionics opens new software design facility in Pune
Panasonic Avionics Corporation has opened a new software design and development facility in Pune, focusing on in-flight engagement and connectivity (IFEC) solutions. The facility employs over 200 skilled engineers and is developing partnerships with universities to accelerate growth. The new facility will develop, test, and sustain new software for narrowbody and widebody aircraft, including X series in-flight entertainment systems, digital solutions, and IFEC development support via SDKs.
