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News Source : Engineering

2020-07-04T18:30:00+05:30

L&T completes manufacture of component for world’s largest nuclear fusion project
L&T bagged the Rs 1,338-order to manufacture the cryostat in 2012 to manufacture the cryostat, the largest stainless-steel, high-vacuum pressure chamber in the world. The company has completed the manufacture of components at its unit in Hazira and will now assemble it in France.

L&T builds cryostat for USD 20 bn global fusion project
The final assembly or top lid sectors of the cryostat, a key part of the world's largest nuclear fusion reactor being built in France, were dispatched on Tuesday from the company's Hazira manufacturing complex in Surat district in Gujarat.

Engineering firms bring back migrant labourers for MMRDA projects
In the wake of the nationwide lockdown to curb spreading of coronavirus infections, thousands of migrant labourers returned to their native places from different cities, including Mumbai. The city is also one of the worst hit by the coronavirus pandemic.

Larsen & Toubro wins large contracts for its various businesses
Engineering giant Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,310 crore in various business segments.

L&T committed to reduce dependency on products from China
"Larsen & Toubro, India's leading multinational engineering, construction, technology, and financial services conglomerate is committed to achieving self-reliance for the domestic industry by creating a strong and feasible ‘Make in India' ecosystem," the company said in a statement.

Ashok Piramal Group sells Miranda Tools to Swedish Dormer Pramet
In 2019, Miranda Tools had revenues of about 200 million SEK and around 580 employees. Such precision engineering businesses are highly profitable and are valued at around 10-12 times EBITDA. Globally and in India, these businesses have around 25-28% EBITDA margins

IIT-Madras and General Electric tie-up to build a next-gen combustor for small aircraft and helicopter engines
The Rs 7.24 crore Uchhatar Avishkar Yojana (UAY) project is being carried out by the aerospace department at the Institute and is being funded by the government of India (75%) and GEITC (25%).

World Bank announces 2-yr conditional non-debarment of Indian company for corrupt practices
Egis India Consulting Engineers Private Limited is accused of corrupt and fraudulent practices in the Second Karnataka State Highway Improvement Project and the Uttar Pradesh Core Road Network Development Project.

GFG Alliance undertakes major cost-cutting measures, including job cuts
“GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certain locations,” the company said. It said, it is exploring all options to minimise the impact on the people, including natural attrition and redeployment with support from GFG Workforce Solutions.

L&T-made major cryostat base installed in world's largest nuclear fusion project in France
A cryostat forms a vacuum-tight container surrounding the reactor vacuum vessel and superconducting magnets, and acts essentially as a very large refrigerator.

L&T board reappoints AM Naik as non-executive chairman for 3 years
Naik has been re-appointed as a non-executive chairman for a period of three years with effect from October 1, 2020 and up to September 30, 2023, it said, adding Dip Kishore Sen has been reappointed as a whole-time director with effect from October 1, 2020 and up to April 7, 2023.

Larsen & Toubro wins contract worth up to Rs 5,000 cr from Telangana govt
"The heavy civil infrastructure business of L&T Construction has secured an order from the Irrigation and Command Area Development Department (I&CAD), Government of Telangana," the company said in a statement.

KEC International to speed up automation amid COVID-induced labour shortage
KEC, the flagship company of the RPG Group, is a turnkey solutions provider and engaged in the business of power transmission and distribution (T&D), cables and railways, among others.

Bankruptcy process at Indu Techzone set aside by NCLAT
The tribunal has ordered in favour of the company on the ground that lender IFCI had filed the insolvency petition after missing the deadline as per the Insolvency and Bankruptcy Code.

Wipro Infrastructure Engineering develops sanitizing walkway
Developed by WIN Automation, a part of Wipro Infrastructure Engineering, ClearWalk is a two metre-long enclosure fitted walkway. ClearWalk is fitted with spray nozzles that create fine water particles (between 50 and 100 microns) in a turbulence to give maximum coverage to the person walking through, said the company.

ATM industry seeks lower GST rate, stimulus to address COVID-19 challenges
In a letter to Finance Minister Nirmala Sitharaman, the Confederation of ATM Industry (CATMi) mentioned that it has been recognised by the government as a crucial player to further the financial inclusion. The COVID-19 situation has caused a sharp decline in the ATM transactions and has posed severe business challenges to the ATM industry, the CATMi stated.

Pune-based Bharat Forge, Praj Industries to partially resume operations
Production at the facility will commence by the end of this week post completion of mandatory safety check and training of personnel on precautionary measures like physical distancing, the company said in an exchange filing.

BHEL invites global OEMs to use its facilities, capabilities to 'Make in India'
BHEL has floated an Expression of Interest (EOI) inviting global companies to partner with it and leverage its facilities and capabilities for setting up manufacturing base in the country," a BHEL statement said.

L&T's construction arm wins 'significant' contracts for its various businesses
Another EPC (engineering, procurement and construction) order has been bagged from Birla Copper, a unit of Hindalco Ltd, to revamp its Copper Smelter complex at Dahej, Gujarat, L&T said adding the scope of work includes re-engineering, refurbishment of operating plant facilities.

Trying to minimise COVID-19 impact on company; Rs 678 crore export order to Africa finalised: RITES
RITES Chairman and Managing Director Rajeev Mehrotra said, "We are trying our best to minimize COVID-19 impact on the company. Employees are being encouraged to work-from-home on pan-India basis except those handling essential services.






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