The Board of Directors of Siemens Ltd has approved the sale and transfer of its mechanical drives business (MD) for a consideration of Rs.440 crore. The sale and transfer will be made to Flender Drives Pvt Ltd, subject to Read more
Blue Star Ltd, has won an order for electrical and mechanical works on a section of the Mumbai metro Line-3 project. Mumbai-headquartered Blue Star, in a statement, said that it has won an order valued at Rs.149 crore for Read more
Indian Electrical & Electronics Manufacturers' Association (IEEMA) - the apex association of the Indian electrical equipment manufacturing industry, in a statement, announced that Anil Saboo has been elected President, IEEMA for the year 2020-21. Saboo will take over the Read more
Power Grid Corporation of India (PGCIL) has estimated that it currently has works on hand worth Rs.51,000 crore, which will be the backbone of its capital expenditure plan for the coming years. According to an investor presentation of PGCIL Read more
Atlas Copco has launched a new range of smart-battery operated cordless nutrunners that offers distinct advantages over conventional alternatives. Delivering safer, faster, more cost-efficient and traceable high torque bolt tightening for critical applications in the energy sector are the Read more
NTPC Vidyut Vyapar Nigam Ltd has signed a memorandum of understanding with Greenko Energies Pvt Ltd to explore possibilities in supplying round-the-clock power. NTPC Vidyut Vyapar Nigam Ltd (NVVN), the electricity trading arm and wholly-owned subsidiary of NTPC, has Read more
R&S Rauscher & Stoecklin has designed a new transformer set for earthquake-endangered regions. The new set consists of four adjustable steel ropes for lashing down the transformer, and is thus more flexible than the current solution with steel poles. Read more
GE T&D India witnessed higher new order inflows in the first quarter (April to June) of FY21, compared with the corresponding level of FY20. GE T&D India, in a recent investor presentation, said that it received new orders worth Read more
KPMG in India has released a new report highlighting how India can achieve the National Infrastructure Pipeline (NIP) task force's investment target. Modernisation of power distribution companies is one of the key recommendations within the energy sector. The report Read more
The power ministry has proposed to cap the late payment surcharge payable by discoms to 12 per cent per year. In order to alleviate the financial stress in the power system, all power generation and transmission companies have been Read more