INSULOGIX

May 2024

Power distribution and renewable energy to dominate PFC’s lending portfolio

The power distribution sector as well as renewable energy are set to dominate the lending portfolio of Power Finance Corporation (PFC) during FY25. Addressing a media conference in Mumbai on May 15, 2024, Ms Parminder Chopra, Chairman & Managing Read more

Siemens plans Rs.519-crore capex in Goa, Aurangabad facilities

    Siemens Ltd has announced a capital expenditure plan worth Rs.333 crore towards expanding its manufacturing facility in Goa. In addition, Siemens will also invest Rs.186 crore to build a metro train manufacturing facility at Aurangabad in Maharashtra. In conjunction Read more

Apar’s order book in cable & conductor business crosses Rs.8,300 crore

    The combined order book of the cable and conductor business of Apar Industries Ltd crossed Rs.8,300 crore, as of March 31, 2024. According to a company investor presentation, the said order book stood at Rs.8,321 crore, with conductors accounting Read more

Demerger of Siemens’ energy business approved

    The board of directors of Siemens Ltd has approved the proposal to demerge its energy business into a separate legal entity – Siemens Energy India Ltd. Siemens Energy India Ltd, currently a wholly-owned subsidiary of Siemens Ltd, will be Read more

Transmission tower | T&D India

Lower transmission line addition expected by private sector in FY25

    Private sector entities are likely to commission a lesser quantum of transmission lines in FY25 as compared with FY24, official statistics indicate. An analysis by T&D India based on statistics newly released by Central Electricity Authority ( Read more

Five ISTS-TBCB projects scheduled to complete in Q1FY25

    By end of the first quarter of FY25, five interstate transmission schemes (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) mechanism are scheduled to complete, thereby capitalizing assets worth over Rs.5,000 crore. According to a special study done Read more

ABB India sees record order inflow in Jan-Mar 2024

    ABB India has witnessed record inflow of Rs.3,607 crore during the quarter ending March 31, 2024. In a release, ABB India said that this order inflow was the highest first-quarter order inflow since the past five years. Read more

Bhuj Substation FIO | T&D India

PGCIL declared successful bidder for two ISTS-TBCB schemes

    Power Grid Corporation of India Ltd (PGCIL) has been declared successful bidder for two interstate transmission system (ISTS) schemes, under the tariff-based competitive bidding (TBCB) route. This has taken PGCIL's cumulative wins in this fiscal Read more

Grew Energy plans mega solar cell manufacturing unit in J&K

Grew Energy, part of the Chiripal Group, has planned to set up a mega manufacturing unit in Jammu & Kashmir, for manufacturing solar cells and high-efficiency solar modules. In a release, Grew Energy said that it would be the Read more

Polycab sees 27 per cent growth in wire & cable business

    Polycab India Ltd has reported a 27 per cent year-on-year growth in its revenues from the wire & cable business in FY24. In a release, Polycab said that the company’s revenues from the wire & cable (W&C) business reached Read more