Infotech & Electronics News :
News Source : Engineering
Egis plans diversification in India, lines up €50 million investment for the next five years
The company, which operates in the road, railway, airport and smart city sectors in India, is looking to enter healthcare, tourism and nuclear energy here, CEO Laurent Germain told ET in an interview.
L&T wins power transmission, distribution orders worth up to Rs 5,000 cr
These orders include two EPC orders from two solar photovoltaic units of 200 mw each in Gujarat. L&T will be responsible for designing, engineering, supply, construction, testing, commissioning and operations and maintenance of the grid connected solar power units.
L&T Construction bags contract to build 2 units of Kudankulam Nuclear Power Project
"The construction arm of L&T has secured a significant order in the nuclear sector from Nuclear Power Corporation of India Ltd (NPCIL) for its heavy civil infrastructure business in India to construct the main plant civil works of the Kudankulam 5 and 6 units," L&T said in a regulatory filing.
Engineering R&D rainmakers bag mega deals from home offices
Deals in the segment had it rough in early 2020, like most deals, but have since bounced back. And some of the rainmakers in the space have won large deals, upwards of $50 million each, from their home offices.
Larsen & Toubro has competitive advantage in large and complex projects: CFO
The government's bid award process has seen accelerated activity in the past six months and the company expects the programmes laid out in the Budget to see speedier bidding and quicker finalisation of awards for the sector to get the required thrust, the company's Whole-time Director and Chief Financial Officer R Shankar Raman told.
Larsen & Toubro wins metro contract in Mauritius
"The Transportation Infrastructure business of L&T Construction has secured an order to extend the mainline corridor of the Mauritius Metro by 3.4 km from Metro Express Limited (MEL), Mauritius," L&T said in a statement.
Robert Bosch Engineering and Business Solutions to hire 2,500 people in India this year
"Last year, we witnessed unprecedented business momentum at RBEI in India, in what was a difficult year for us all. This was owing to the phenomenal passion and cohesion of our teams, who were driven to build some of the industry's best technology solutions for our clients," RBEI President and Managing Director Dattatri Salagame told .
CII, EEPC worried over hurdles faced by engineering exporters
"Engineering exporters are going through one of the most turbulent and trying times. Out of India's total merchandise export of $320 billion, the sector contributes more than 25 per cent and is one of the biggest employment generator in the country," Chairman of CII committee on Exports and Imports Sanjay Budhia said.
L&T bags up to Rs 2,500-cr contract for Mumbai Ahmedabad bullet train
The company did not provide value of the contracts but said the orders fall under "significant" category which range between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts.
L&T builds three heavy LC-Max reactors for Hindustan Petroleum's Visakh Refinery
The reactors, designed and built in collaboration with Engineers India, will sail in single piece directly to Visakhapatnam from L&T's fully integrated, modern coastal manufacturing facility in Hazira in Gujarat.
L&T to invest in IT services, divest infra assets to be future ready: CEO SN Subrahmanyan
While engineering and construction, and IT services will be key growth drivers going ahead, L&T also plans to rollout two digital platforms in 2021 marking L&T’s foray into the business-to-consumer space.
GMM Pfaudler on the lookout for acquisitions after buying the parent company gives it access to new tech, markets
“We want to not only be a player in the glass-lined or the anti-corrosion (equipment) space but also in the chemical processing and pharma processing space. So, acquisitions are definitely an important part of our strategy,” Tarak Patel, managing director of GMM Pfaudler, told ET.
L&T construction arm bags orders worth up to Rs 5,000 cr in Bangladesh
The engineering and construction company did not provide the exact value of the contract, but as per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore. The scope of these packages involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on turnkey basis, the company added.
Man Industries bags orders worth Rs 250 crore
"The company has received new orders worth approximately Rs 250 crore which are to be executed over the next 5 months," Man Industries said in a regulatory filing.
GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crore
The expected date of completion of sale is at the end of day on March 31, 2021 subject to satisfaction of identified conditions precedents and approval of shareholders for related party transaction.
L&T receives multiple orders in domestic market
The company did not disclose the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts.
L&T bags orders up to Rs 2,500 crore for construction jobs
The company said its metallurgical and material handling (MMH) business has received orders to construct a metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various customers.
BHEL secures Rs 450 cr order for steam and power plant from NALCO
BHEL's scope in the contract includes design, engineering, manufacturing, supply, erection, testing and commissioning of 1x300 TPH Coal Fired Boiler, 18.5 MW Steam Turbine Generator and associated auxiliaries, including Flue-gas desulfurization (FGD) and selective catalytic reduction (SCR).
Eaton appoints Shailendra Shukla as Managing Director for Vehicle Group India
Shukla has over 21 years of experience in India and international markets. Prior to Eaton, he held leadership positions with leading global technology organizations in domestic and international market such as Schneider Electric, Samsung, Kobian Singapore and Ingram Micro.
Larsen & Toubro wins significant contracts
"The Metallurgical & Material Handling (MMH) business of L&T Construction has secured EPC (engineering, procurement and construction) orders of Coal Processing Plants in the domestic market and a prestigious Engineering & Procurement Project for a Metallurgical Plant overseas," the company said in a BSE filing.
Praj Industries bags Rs 226.90 crore order from Indian Oil Corporation
In a regulatory filing the company said the Rs 226.90 crore order from Indian Oil Corporation is for "execution of zero liquid discharge system - water treatment package and waste water treatment package of Acrylic/Oxo-Alcohol Project at IOCL Dumad, Gujarat".
BHEL bags orders worth Rs 3,200 cr for hydro projects in Andhra Pradesh, Telangana
The order for E&M works for 12x80 MW Polavaram hydro power project in Andhra Pradesh envisages manufacture and supply of India's highest unit-rating Kaplan hydro turbines, the company said.
Larsen & Toubro opens digitally-enabled Corporate Experience Centre 'Planet L&T'
"L&T, India's leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate, opened the doors to 'Planet L&T,' its sprawling new digitally-enabled corporate experience center," the company said in a statement.
State-owned BHEL bags order from Nuclear Power Corporation for reactor equipment
The order has been won under NPCIL's Fleet Mode Procurement for India's highest rated indigenously-developed 700 MWe Pressurized Heavy Water Reactors (PHWR) to be set up at four different locations in the country, BHEL said.
JMC Projects bags building projects orders in South India worth Rs 698 cr
The company's CEO and Deputy Managing Director S K Tripathi said: "Our order inflows for the current year has crossed Rs 6,700 crore. We remain confident to achieve our targeted numbers for the financial year 2020-21."
L&T plans to hire 1,100 engineers across business verticals in 2021
The new recruits will be deployed in critical roles like business development, strategy, design, contract management, project management and construction management, among others.
L&T Construction 3D prints house at Kanchipuram, first ever in India
With the country aggressively pursuing the objective of creating 60 million houses under the Housing for All by 2022 programme, this achievement is expected to give a fillip for the mass housing segment.
Larsen & Toubro bags orders for rural water supply project in Madhya Pradesh
The projects are part of Jal Jeevan Mission and cover the districts of Guna, Ashoknagar, Shivpuri, Agar Malwa and Singrauli in the state. The schemes will cater to the drinking water requirement of 3,103 villages covering a population of 48 lakh, the company said.
BHEL extends support to indigenous suppliers to develop self-reliance in manufacturing
BHEL has been spearheading the Make in India movement with a special focus on contributing to the AatmaNirbhar Bharat Abhiyan, a BHEL statement said.
India’s growth as R&D hub to drive demand for commercial real estate: Report
By financial year 2022, engineering R&D revenues are estimated to register a compound annual growth of around 8% with multinationals driving growth across products and services, said property consultant Cushman & Wakefield.
LTI bets big on UAE market, eyes $200 mn revenue from Injazat tie-up
L&T Infotech (LTI), which extended an alliance with Abu Dhabi-based Injazat recently, is eyeing a significant share of the UAE digital services market to the tune of USD 200 million in six years of the partnership.
Paris-based Veolia, Carbon Clean to jointly set up bio-fuel, carbon capture units in India
The two companies have identified the first two projects that will be set up with an investment of Rs 100 crore, and have plans to set up 100 such greenfield projects in the next three-four years in India.
L&T slated to win orders worth Rs 13,000 crore from HPCL JV: Sources
HPCL Rajasthan Refinery, a joint venture between state run-Hindustan Petroleum Corporation (HPCL) and the government of Rajasthan, which is setting up a 9 million ton per annum refinery-cum-petro chemical complex in the Barmer district of Rajasthan. The order may be officially awarded to L&T within a month.
STEER appoints Subodh Jindal as Chief Executive Officer
In this role, Jindal will be responsible for business strategy and plant operations for the engineering business with focused attention to fast-emerging fields of pharmaceutical continuous manufacturing solutions, plastic recycling solutions, and the food processing industry.
Larsen & Toubro slated to win Rs 5,500 cr orders, including NPCIL and Chennai Metro Rail jobs
L&T’s construction arm is the best bidder for the heavy civil infrastructure job to build the main plant for Kudankulam nuclear power plants units 5 and 6 for Nuclear Power Corporation of India (NPCIL), the sources said. These units will be built adjacent to units 3 and 4, where L&T is already involved in execution.
L&T Technology Services wins $100 million contract from global oil & gas firm
Under the five-year engagement, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities.
Construction equipment dealers look at growth in volumes in FY21 despite a flop Q1: ICRA
The finding comes as part of a survey conducted by the ratings agency, and indicates that 85% of the dealers expect to register volume growth in FY2021 as opposed to more than 50% of the dealers expecting more than 15% volume de-growth during a similar survey undertaken in April 2020.
ABB tax ruling: Fee for Technical Services taxable only in the year of receipt under India-Germany tax treaty
As per the detail of the case Germany headquartered arm of ABB, the Swedish-Swiss multinational, had received some money for testing and inspection charges. These were categorised as FTS, but the company did not include this in the tax filings in the country.
L&T bags orders to supply Komatsu mining equipment to infra, cement, mining cos
L&T’s construction and mining equipment division will be executing these orders that have been placed by companies from infrastructure, cement and iron ore sectors.
L&T sells UK marine tech arm Servowatch Systems to Rolls-Royce
L&T’s wholly owned subsidiary, Larsen & Toubro International FZE, runs an integrated marine automation solutions provider Servowatch Systems. The unit has 44 employees in the UK and India who work on integrated marine automation solutions for navies, commercial vessels and large yachts.
BHEL appoints Renuka Gera as Director Industrial Systems
After her appointment on the Board of BHEL, Renuka Gera, 57, has assumed charge as Director (Industrial Systems & Products), a company statement said.
HCC JV bags Rs 236 crore rail project in Mizoram
The order is a part of the Bairabi-Sairang new broad gauge rail line, being implemented by the Indian Railways as a part of its plans to improve its network across the North-East India. This rail line aims at giving a boost to the rail connectivity in the region, as it will connect Mizoram to the Indian Railways network up to Bairabi railway station in the state.
BHEL sets new record of manufacturing India's highest-rated auto transformer
"BHEL has successfully manufactured and tested (short circuit) India's highest rating Auto Transformer at the National High Power Test Laboratory (NHPTL) at Bina in Madhya Pradesh," it said in a statement.
L&T wins Rs 3,000 crore order to construct India's longest river bridge
The 19 km long bridge will be built along National Highway 127-B and will feature a Navigation Bridge of 12.625 km, approach viaducts of 3.5 km on the Dhubri side and 2.2 km on the Phulbari side, connected with approach roads and interchanges on both sides, it said.
New HQ for ELGi in North Carolina
ELGi North America president David Puck said "2020 has been a year of change for so many companies.
L&T bags over Rs 7,000-cr order to construct part of Bullet Train Project
The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project will cover Maharashtra, Union Territory of Dadra and Nagar Haveli and Gujarat, with 12 stations along the route. Upon completion, the high-speed rail will operate at a speed of 320 kmph, covering the entire distance in approximately 2 hours.
L&T bags the order to supply Komatsu mining equipment to Tata Steel
As per the company, the order comprises of 41 units of Komatsu HD785-7 (100 tonne dump truck), 3 units of Komatsu WA900-3E0 (9 cum wheel loader) and 2 units of Komatsu D275A-5R (410HP crawler dozer).
L&T bags order from Tata Steel for supply of mining equipment
The scope of order for L&T's construction and mining equipment business includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.
L&T delivers launch hardware for Gaganyaan mission ahead of time
Notwithstanding the limitations imposed by Covid-19, the Middle segment of the world’s third-largest solid propellant rocket booster, ‘S-200,’ has been delivered ahead of schedule with zero-defects, said the company in a press release.
Infra push along border keeps construction equipment companies busy
With increased government emphasis on infrastructure development in border areas after the escalation in tension with the country’s largest neighbour, sales of construction equipment to the Border Roads Organisation (BRO) has increased 50% in the first half of the ongoing fiscal year.