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News Source : Engineering


Matsui Tech sets up joint venture with Frigel for cooling solutions
The joint venture is named Frigel Intelligent Cooling Systems India and will enable both partners to significantly enhance the quality of their current offerings.

Schneider-Temasek may announce a deal to buy L&T’s electric & automation business
L&T Electrical & Automation is expected to be valued between Rs 13,000 crore to Rs 15,000 crore, which is lower than the earlier estimate. This has been a sensitive topic for the L&T top brass led by group chairman AM Naik .

Slump sale of Nicco Corp fails, assets are put on bloc separately
The lenders with a cumulative exposure of Rs 325 crore in Nicco Corp had to take about 40% haircut going by the reserve price of Rs 232 crore when the liquidation was announced on a slump sale basis.

BHEL wins Rs 137 cr order for renovation at Telangana TPS
The PSU is already executing similar projects on turnkey basis for NTPC and state utilities including Gujarat State Electricity Corporation and Chhattisgarh State Power Generation Company.

Tata Projects bag Rs 1,048 crore Mumbai Metro packages
The company said it on Friday received the Letter of Award for constructing two packages of the Mumbai Metro Elevated Line 4.

DMRC can't shy away from paying 80% of DAMEPL debt: HC
The bench observed that had DMRC paid 80 per cent of the debt, the interest component would not have been so high.

Reliance Infra bags Rs 1,081 crore EPC contract for Kudankulam nuclear project
The contract entails design, engineering, supply, erection, testing and commissioning of SSC package and allied civil works on EPC basis.

L&T Tech Services wins $20 million digital contract from ExxonMobil
The company said it would work with L&T Group firm LTI, previously known as L&T Infotech, on the project. The company did not specify the duration of the contract.

Capital goods, engineering players stare at tough FY19
The bigger concern is that order inflows may slow down further in the second half of fiscal 2018-19, as the country heads for the next general elections in April-May 2019, industry executives said.

Ashoka Buildcon bags projects worth Rs 760 cr from DVVNL
Company said the first project is for the electrification work in Etah and Kashiram Nagar for Rs 320.92 cr and the second one for electrification work in Kannoj, Farrukhabad and Etawa for Rs 438.92 cr.

Reliance Infra bags Rs 441 crore EPC contract from government
Commissioned under the National Highway Development Programme (NHDP) - IV of the Ministry, the project is to be completed in 30 months.

BHEL bags Rs 4400 cr contract from Uttar Pradesh
Located at Panki in Kanpur district of Uttar Pradesh, the project will be executed by BHEL on engineering, procurement, construction (EPC) basis.

Shrachi Group firm chalks out future roadmap
The company expects its order book to touch Rs 1,000 crore in the next two months and record a business of around Rs 400 crore in 2018-19.

Larsen & Toubro wins Rs 747 crore contract from NPCIL
The steam generators and end shields will be manufactured at L&T's integrated, state-of-the-art Hazira manufacturing complex in Gujarat, which is one of the largest of its kind in South Asia.

Dhoot Transmission set to buy UK’s Parkinson Harness
Acquiring UK-based Parkinson Harness Technology would be the third strategic venture by Aurangabad-based Dhoot Transmission in the past year.

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