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News Source : Engineering

Thu, 17 Aug 2017 10:49:16 GMT

MCE sector likely to grow by 13-17% in 2017: ICRA
The demand for MCE grew by over 35% during CY2016, overcoming four consecutive years of weak demand, giving a boost to the sector which is likely to grow by 13-17% in 2017.

BHEL made inadequate efforts to improve performance: CAG
The CAG recommended that BHEL needs to develop its own products that excel over competitors through R&D initiatives and efforts should also be made to forge technological tie

Exporters facing difficulties in GST transition period: EEPC
Exports of engineering goods constitute the biggest share in India's overall export basket and are therefore, vital for job creation, in the small and medium enterprises segment.

MG Group plans to launch airport coach in January, eyes Rs 500 cr turnover
The Columbus is also the country's first monocoque/ chassis-less coach bus and it is solely conceptualised, designed and manufactured by the MG from scratch by his own in-house team.

L&T bags Rs 3,375 crore metro rail project in Mauritius
L&T has been upbeat on metro rail projects and is already executing projects in Riyadh and Doha, and 17 locations in India.

Tata Tech opens 20-million pound innovation centre in Warwick
The new facility will create 200 new engineering jobs and will serve England and Europe and is following growth in its business across the region, the company said.

Siemens opens its first digital factory in India
The factory, situated on the outskirts of Mumbai, is capable of producing more than 180 variants of low-voltage switchgear at the rate of one product every nine seconds.

Despite GST, Chinese power gear makers still strong in power play
The 13th plan has not seen any major fresh investment in the power sector, leaving companies like BHEL, L&T, Thermax among other with dry order pipelines.

IL&FS Engineering Services bags jobs worth Rs 236.76 crore in Jharkhand
The first order entails supply of equipment and materials related to a contract for Urban Electrification work for Dhanbad Electric Supply Circle covering two towns--Dhanbad and Chirkunda.

Lenders tell Nicco Corporation to rework resolution plan
The committee of creditors for Nicco has agreed to seek a three month extension, reflecting a failure in completing resolution within the stipulated time.

Adventz Group signs $2 billion pact with Israeli firm Lesico
The MoU between Lesico with Adventz Group will be a first for an Indian conglomerate with group company Texmaco Rail & Engineering Limited.

BHEL ties up with Kawasaki to make steel metro coaches
The agreement covers establishing state-of-the-art design, engineering and manufacturing facilities at BHEL, India, using Japanese technology.

BHEL signs pact with Japanese firm for manufacturing coaches for metro trains
Kawasaki Heavy Industries manufactures heavy equipment/products and its Rolling Stock Company has supplied Metro/Commuter train to various countries like US, Singapore, Taiwan, Hong Kong.

L&T Construction bags orders worth Rs 2,552 crore
This is the second mega order in this category received by L&T Construction after the prestigious Dholera SIR Infrastructure project of Gujarat.

Siemens, Schneider Electric and Eaton Corporation join ABB in race for L&T's electrical unit
Depending upon the final valuation, L&T will either divest its entire holding or retain a minority stake that will be sold later, sources said.

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