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News Source : Engineering

Tue, 27 Jun 2017 01:14:01 GMT

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.

SPML Infra bags orders worth Rs 642 crore
It received an order of Rs 500.14 crore from UND Irrigation Division, Jamnagar, Gujarat for water irrigation project, SAUNI Yojana.

Top Chinese firm signs MoU with Adani group to invest $300 million
The MoU proposes to set up manufacturing units in Mundra SEZ in Gujarat to produce solar power generation equipment, chemicals, aluminium and animal feed.

L&T arm bags job orders worth Rupees 2,231 crore
The project is part of the Pradhan Mantri Awas Yojana (PMAY) Scheme and consists of residential tenements for the economically weaker sections.

Rolls-Royce to triple R&D staff in India, invest in startups
Rolls-Royce Director Benjamin Robert Story and Rolls- Royce India President Kishore Jayaraman today met Union IT Minister Ravi Shankar Prasad.

Warburg Pincus to invest $360 million to acquire significant minority stake in Tata Technologies
The company will invest $50-60 million over the next two to three years to ensure a 12-15% organic growth trajectory it has witnessed in the existing business.

Siemens bags CLP contract for cyber security
The cyber security solution being implemented by Siemens Limited will support CLP India by detecting threats and minimising the risk of advanced cyber attacks.

Greaves Cotton announces technology partnership with US-based Pinnacle Engines
Greaves has been a dominant player in the last mile transport segment with our range of diesel engines for a large number of Automotive OEMs.

GE’s next boss John L Flannery credited for transforming company’s operations in India
The new GE chief has turned around many businesses of GE around the globe, including Argentina, Chile, Japan, Korea and Australia apart from India.

Kerala government allows BHEL to exit from joint venture with Electrical Machines Ltd.
BHEL-EML was incorporated in 2011, by acquiring the Kasaragod unit of KEL, a State PSU, as a joint venture with Government of Kerala.

World's first hybrid 'aeroboat' made by Indo-Russian JV unveiled
The aeroboat is designed to access difficult terrain, such as flooded or marshy areas where the use of regular boats is made impossible because of shallow water or patches of dry land.

Larsen & Toubro bags orders worth Rs 5,146 crore
L&T’s building & factories business, which has been hurt due to slowdown in the sector, won orders worth Rs 534 crore, while its metallurgical and material handling business got jobs .

JSPL forays into emission control manufacturing in India
JSPL's foray is in line with the Make in India programme and is expected to give an impetus to India's commitment to United Nations COP21 for improving emission intensity.

ABB India sets up 'strong' team to tackle GST transition
GST will subsume different levies, including excise, service tax and VAT, and will create a unified market for seamless transfer of goods and services.

BHEL bags Rs 233 cr order from RFCL
The equipment for this package will be supplied by the BHEL's manufacturing units at Hyderabad, Vizag, Bhopal, Jhansi, Bengaluru, Trichy and Chennai.

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