May 2024

Jakson Group unveils CPCB IV+ compliant gensets

    Jakson Group has introduced CPCB IV+ compliant gensets, offering cost savings and reduced environmental impact. In a release, Jakson Group said that this product introduces cutting-edge features, setting new benchmarks for excellence and innovation in the power generation sector. This Read more

Siemens Energy chosen to future-proof Denmark’s electricity grid

    Siemens Energy and Danish state-owned power utility Energinet have announced a 1.4 billion  euro framework agreement to renew Denmark's energy infrastructure. To accelerate the green energy transition, Siemens Energy has been chosen by Energinet to deliver transformers and switchgears Read more

ITI wins solar streetlight mandates in Bihar

    ITI Ltd has received letters of intent worth Rs.37.50 crore from Bihar Renewable Energy Development Authority (BREDA) for installation of solar streetlight systems in the eastern state. In a release, ITI said that its Naini Unit has received an Read more

HPL Electric sees higher revenue share from metering business in FY24

    HPL Electric & Power Ltd witnessed a higher share from its metering systems & services business in the company’s total revenues in FY24. In a release, HPL said that this share rose from 53 per cent in FY23 to Read more

KEI plans Rs.900-crore capex on greenfield Sanand plant in FY25

    KEI Industries has outlined capital expenditure of Rs.900 crore in the current fiscal year FY25 on its greenfield cable manufacturing plant at Sanand in Gujarat. Among other products such as LT and HT cables, the greenfield plant located at Read more

Adani Energy Solutions completes acquisition of Essar Transco

    Adani Energy Solutions Ltd has completed full equity acquisition in Essar Transco Ltd. In an official release, AESL said its wholly-owned subsidiary “Adani Transmission Step-Two Ltd” acquired a 100 per cent stake in Essar Transco Ltd, which houses operational Read more

KEC

PGCIL commissions Neemuch interstate transmission system project

    Power Grid Corporation of India Ltd (PGCIL) has announced the completion of an interstate transmission system (ISTS) scheme, housed under its wholly-owned subsidiary “Powergrid Neemuch Transmission System Ltd”. In a brief stock exchange filing, PGCIL said Read more

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, 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