Infotech & Electronics News :
News Source : Engineering
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.
Larsen & Toubro emerges lowest bidder for road bridge over river Brahmaputra
"Larsen & Toubro has emerged as the lowest bidder for about Rs 3,200 crore four-lane road bridge across river Brahmaputra from Dhubri to Phulbari on NH 127 B," the National Highways & Infrastructure Development Corporation (NHIDCL) official said.
India's engineering goods exports may decline due to second wave of Covid infection in Europe
Most of the engineering exporting companies were functioning at 60-70% of capacity and exports had touched 60-70% and were steadily rising, said Murali Shankar Sambasivam, director at Super Auto Forge, but a second wave could mean serious trouble for the sector.
Govt plans to sell up to 15% stake in IRCON International
The government currently holds 89.18 per cent stake in IRCON International Ltd.
Pitti Engineering to ride on perk up demand in data centres, Indian Railway and Power sector under Atmanirbhar Bharat
QuEST Global sets up CoE for Microsoft Azure
Krish Kupathil, Head – Hi-Tech and Digital, QuEST Global, said, “We are delighted to collaborate with Microsoft for the CoE that will be a centralized, strategic division and will act as an incubation hub for QuEST engineers."
Bullet train: L&T wins Rs 25,000-cr order for Gujarat stretch
The contract is about design and construction of the 237-km long line and the entire section falls in Gujarat. The current Maharashtra government is not keen on the project and has not begun land acquisition.
Tata Elxsi bags global services deal from Aesculap AG
"The GEC serves as a platform of talent and expertise for product design & engineering, regulatory support and clinical evaluation services. This centre will be essential to accelerate innovation, drive the transformation and growth for Aesculap's medical business," the statement said.
Is digital the answer to economic progress post this pandemic?
Hitachi ABB Power Grids India wins Rs 100-cr order from HPCL Rajasthan Refinery
The project will strengthen mission-critical power infrastructure at HRRL's Barmer refinery and contribute to the region's economic development, a company statement said.
BEML puts in place 'catch-up' plan to make up for production backlog due to COVID impact
In addition to loss of revenue, due to distressed cash flow operations, inflows from customers have stopped or slowed down significantly while outflows especially to MSME and other vendors are continuing resulting in serious liquidity crunch, Hota said.
KEC International bags new orders worth Rs 1,033 cr
Engineering, procurement and construction major KEC International on Thursday said it has bagged new orders worth Rs 1,033 crore across various businesses.
ABB aims to double proportion of female managers worldwide by 2030
With its 'Global Diversity & Inclusion Strategy 2030', ABB aims at reaching a 25 per cent share of women in senior management positions from currently 12.5 per cent, a company statement said.
Robotic cleaning: Swiss firm inks JV with Mysuru company Schevaran Laboratories
The partnership will form a new entity CleanfixSchevaran Systems which will manufacture Swiss-technology backed robotic cleaning machines and solutions. The manufacturing will commence at Schevaran’s plant at Mysuru and will be the first Cleanfix facility outside Switzerland, the company said in a press release.
Atmospheric water generator firm Airowater looking to raise $20 million to fund expansion plans
The company, which uses patented technology to create water from humidity in the air to provide impurities-free drinking water, sells machines ranging from 25 litre per day capacity, priced at around Rs 50,000, to 1,000 litre per day capacity, tagged at about Rs 9.5 lakh.
Bengaluru-based Dynamatic Technologies bags contract from Boeing-Saab Red Hawk program
Dynamatic's chief executive officer and managing director Udayant Malhoutra said the company has been a partner with Boeing on P-8 Poseidon and CH-47 Chinook for the last decade.
GE bets on India R&D team to build next gen tech in cyber, aero engine and health care equipment
The India R&D facility, known as John F. Welch Technology Centre, will launch a locally developed 2.7 megawatt wind turbine and a new MRI machine meant for the small cities and towns of India. The company is also developing artificial intelligence-enabled solutions at the India development centre for its healthcare clients.
COVID-19 impact: Manufacturing firms want automation companies to have skin in the game
Since most manufacturing companies are unable to invest fresh capex in new automation projects, technology providers told ET that projects were being signed on a pilot basis and based on the cost savings and efficiency improvement created by the projects, manufacturing companies were then allowing the technology providers a share in the profits.
JMC Projects bags orders worth Rs 1,342 crore
In a filing to the BSE, the company said it has won Rs 725 crore worth infrastructure project in east Asia. JMC Projects (India) Limited is a subsidiary of Kalpataru Power Transmission Ltd.
BHEL ties up with SwissRapide AG to bring Maglev high-speed trains to India
The Maglev Rail system hovers in the air instead of rolling, due to magnetic levitation, thus the vehicles have no physical contact with the guideway. This enables the system to be highly energy efficient, allows operating speeds of easily up to 500 km/h and significantly reduces the total cost of system ownership.
L&T bags construction orders totalling Rs 1,000 crore - Rs 2,500crore
L&T Construction bagged a turnkey order for design and construction from a client for office space in two locations in Bangalore, with a total built up area of 2 million square feet. The project will be certified for sustainable and green design.
HC seeks Centre, SBI stand on Atul Punj plea against IRP regulations on personal guarantors
The court also issued notice in a similar petition moved by Punj in which L and T Infrastructure Finance is a party instead of SBI. In the second petition also he has challenged the constitutionality of the IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.
PNC Infratech-led JV wins Rs 290 crore water supply project in UP
The project falls under Uttar Pradesh government's State Water Supply & Sanitation Mission, Commissioner of Rural Development.
L&T's power transmission, distribution biz bags 'large' contracts
The scope of the package involves establishing three new 400 kV substations with reactors, associated bay extensions at connected substations and more than 170 km of 400 kV transmission links, on a turnkey basis, the filing added.
BHEL sets up 'Make in India (MII) Business Development Group'
The company has taken various steps towards Aatmanirbhar Bharat. These include floating an Expression of Interest (EoI) inviting global manufacturing companies to leverage BHEL facilities and capabilities to set up a manufacturing base in India as well as take up efforts towards indigenisation of major imports, especially in the capital goods sector.
Rajasthan govt, SVP International Group enter agreement for projects in aviation, defence and textile sectors
The investment is expected to generate employment for more than 4000 people, the Rajasthan government said in a statement.
Power Mech Projects bags orders worth Rs 1,311.70 crore
In a regulatory filing, Power Mech Projects said it has received letter of intent/L1 intimation for work worth Rs 1,311.70 crore.
Likely disruption of production in the short term, due to coronavirus: HAL CMD
Though HAL also expressed fears that downsizing of the defence budget and risk of economic recession can lead to difficulty in working capital availability, it hoped that strong push from the government through the 'Atmanirbhar Bharat Abhiyan' is expected to favourably impact operations of the company.
Blue Star bags Rs 149 crore order for Mumbai Metro from Dogus-Soma JV
The order is for electrical and mechanical works in five underground stations, tunnels, cross overs, cross passages and auxiliary buildings of Mumbai Metro Line III, Blue Star said in a regulatory filing.
State-run engineering firm BHEL bags maiden order for battery energy storage systems
"Amidst stiff competitive bidding, BHEL has won its first commercial order for state-of-the-art Battery Energy Storage Systems from The Energy and Resource Institute (TERI)," BHEL said in a statement. The company has signed a contract agreement with TERI for setting up of a cumulative 410 kWh Battery Energy Storage Systems (BESS) in the NCT of Delhi.
L&T Imprints 'Make in India' Across Globe
Larsen & Toubro says it has bagged orders worth between Rs 1,000 crore and Rs 2,500 crore
L&T’s water and effluent treatment business won its first order in Chandigarh from the Chandigarh Smart City to construct a 136 million litres per day sewage treatment plant on a design, build and operate basis.
COVID-19: Manufacturing, engineering firms now look at temp staffing for core ops too
TeamLease said contractual engineers could make up 5-6% of the total workforce uptake in R&D and design roles this year, up from about 1-2% previously. This could translate to an estimated 10,000 more openings for temp staff. To be sure, manufacturing and engineering firms have always hired contractual workers.
ABB India launches online marketplace portal eMart
ABB India announced the launch of an online marketplace for its electrification business for home and industrial buyers on Tuesday. The business-to-business and business-to-consumer platform is the first of its kind in the industry, with a dynamic price-transparent model.
Lockdown woes: L&T Metro Rail may invoke force majeure clause for loss of ops in Hyderabad
The concession period of the project is 35 years, from the appointed date of July 5, 2012 including the initial construction period of five years. This is extendable for a further period of 25 years, subject to fulfilment of certain conditions by the SPV (special purpose vehicle) as set out in the concession agreement.
Covid crisis: BHEL grapples with uncertainty over returning to normal business operations
BHEL said it is continuously assessing the prevailing conditions for taking the best possible steps, but a reasonable measure of the future impact will be possible only once the overall situation stabilises.
Escorts Ltd bets on agri-business division to drive overall performance this fiscal
With strong demand for tractors continuing from rural markets, the company is optimistic that in spite of the supply-side constraints witnessed in the first quarter of this fiscal, it would be able to catch up in the remaining months to post better than industry sales, which is expected to rise by single digit.
Germany's Thyssenkrupp AG completes sale of its elevator technology business
The group had signed an agreement with the consortium of equity firms on the purchase of the elevator business in February 2020, as a restructuring strategy to reduce debt to the net cash position and improve the balance sheet ratios.
Digital transformation: ABB India opens new robotic solution delivery facility in Bengaluru
Spread over 3,600 sq mt at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics and other upcoming sectors.
Hit by sub-contracted labour shortages post COVID-19 lockdowns, L&T expects normalcy in Q2
Images of migrant workers returning to their homes, some on foot, some by hitch-hiking and a large number through special ‘Shramik' trains and buses arranged by the central government in coordination with state governments have been imprinted on minds through mainstream and social media, Larsen & Toubro (L&T) Group Chairman A M Naik said in the report.
HCC, Dilip Buildcon JV bags Rs 4,167.7 cr contract from Narmada Water Resources dept
The project is to be completed in 48 months, it said. "This is our second order win in JV with Dilip Buildcon. We are proud to work together on this crucial project for Gujarat that will impact lives by providing water for irrigation, drinking and industrial purposes," HCC Group Chief Executive Arjun Dhawan said.
ABB India bags country's largest automation order in agro-chemical sector
Although ABB already automated all manufacturing operations, this is its first project wherein it is bringing over 100 reactors on to a single connected platform to control a new manufacturing block, as per Jagan Buddharaju, Chief Operating Officer, Deccan Fine Chemical.
HCC-Dilip Buildcon Joint Venture bags Rs 1,900 crore contract from NHAI
The scope of the work envisages construction of 15.885 km new link (NH-133B), including 6 km long Ganga bridge connecting Jharkhand with Bihar.
L&T appoints Subramanian Sarma, two others as directors on board
Sarma, who is currently the chief executive officer and managing director of the company’s hydrocarbon engineering arm will now also be responsible for the company’s power business as a senior executive vice president (energy). ET was first to report about the board level changes on July 7 and about Sarma heading the energy business.