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News Source : Engineering

Thu, 14 Dec 2017 05:44:28 GMT

Mritunjay Singh is now CEO of Axiscades
Axiscades former CEO, Valmeeka Nathan, quit in January 2017, but continued as non-executive director on the board before moving on in September 2017.

GE Appliances’ arm to set up incubator FirtsBuild at T-Works
First Build is an incubator for designing, engineering, building, and selling the next generation of major home appliances.

L&T Hydrocarbon Engineering bags Rs 1,600 crore order from HPCL
L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of L&T, has won an order worth Rs 1,600 crore from Hindustan Petroleum Corporation Ltd, said the firm.

IL&FS Engineering & Construction bags Rs 582 crore project in Maharashtra
The company "has received a Letter of Acceptance (LoA) for a road contract from IL&FS Transportation Networks Limited (ITNL)", IL&FS Engineering and Construction Company said in a statement.

L&T bags EPC order for 400 mw power plant in Bangladesh
The plant will incorporate state-of-the-art single shaft advanced class gas turbine, steam turbine and generator from Siemens AG of Germany, which will be procured by L&T.

Bhel commissions 3,200 MW hydro unit in Mizoram
Located in Kolasib district of Mizoram, the greenfield project of North Eastern Electric Power Corporation Ltd (NEEPCO) has been set up on the river Tuirial.

Boeing eyes autonomy in avionics, scale up operations
Boeing will scale up manufacturing in India by spreading its operations across Hyderabad and other southern cities, said Pratyush Kumar, president, Boeing India.

Larsen & Toubro Infotech to acquire Syncordis SA
Founded in 2004, Syncordis SA is a pure-play core banking Temenos specialist. It has over 120 Temenos consultants and offices in France, UK and India.

Solar electric charging 30% cheaper than grid-linked: ABB India
The company said Jabalpur currently has 5,000 petrol/ diesel rickshaws which emit 46 tonnes of carbon dioxide per day and consume 20,000 litres of fuel daily.

ABB to expand traction transformer business in India
ABB has announced a strategic realignment of its global transformer manufacturing, engineering and service footprint to enhance competitiveness in a dynamic market environment.

Mahindra Powerol to grow 10% this year, launches high-powered generators
At a time, when the replacement demand for Mahindra’s generator sets across sectors is low due to increased efficiency of the sets as well as reduced average running time, the company claims to have benefited immensely from Ambani’s telecom venture.

High demand from developed nations benefits engineering exports
For instance, the engineering exports to Germany saw a major jump of over 67 per cent to $288 million in September, 2017 over $172 million in the same month last fiscal.

Indiana calling for Axiscades! US HQ with 500 jobs soon
The Bengaluru-headquartered company will be shifting its North American headquarters from Illinois to Indiana and will be setting up a center of excellence at Purdue University enhancing the firm's US presence.

KEC International bags orders worth Rs 1,931 crore
The company has secured a new order of Rs 1,756 crore, KEC International said in a BSE filing.

L&T loses government order to supply 2.5m smart meters in reverse bid
Seven companies including L&T were invited for the reverse auction, as per tender terms and conditions where L&T has been outbid by ITI Ltd, Genus Power and KEONICS.






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