Infotech & Electronics News :
News Source : Engineering
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.
ABB-Hitachi venture wins big order from Railways
As part of the Indian Railways' (IR) initiative to reach 100% electrification of its broad gauge lines by 2023, Hitachi ABB will be delivering the transformers to the Chittaranjan Locomotive Works in West Bengal, which is India's nodal electric locomotive manufacturing unit.
Hitachi ABB Power Grids India bags Rs 120 crore order
The global technology leader will enable a public electric locomotive manufacturer to advance the government's mission for 100 per cent railway electrification and a low carbon footprint, the company said. For this project, Hitachi ABB Power Grids India is delivering transformers split between the 6,531 kilo-volt-ampere (kVA) for CLW's goods locomotive engines and the 7,775 kVA for passenger.
Power Mech Projects secures orders worth Rs 1,507 crore
It has won sand mining contracts from the Madhya Pradesh State Mining Corporation Limited for Rs 477 crore. Besides, a consortium led by Power Mech Projects Ltd has won an engineering procurement and construction order from NMDC for the turnkey job of the third screening and crushing plant of iron ore at Kirandul, Chhattisgarh.
L&T completes manufacture of component for world’s largest nuclear fusion project
L&T bagged the Rs 1,338-order to manufacture the cryostat in 2012 to manufacture the cryostat, the largest stainless-steel, high-vacuum pressure chamber in the world. The company has completed the manufacture of components at its unit in Hazira and will now assemble it in France.
L&T builds cryostat for USD 20 bn global fusion project
The final assembly or top lid sectors of the cryostat, a key part of the world's largest nuclear fusion reactor being built in France, were dispatched on Tuesday from the company's Hazira manufacturing complex in Surat district in Gujarat.
Engineering firms bring back migrant labourers for MMRDA projects
In the wake of the nationwide lockdown to curb spreading of coronavirus infections, thousands of migrant labourers returned to their native places from different cities, including Mumbai. The city is also one of the worst hit by the coronavirus pandemic.
Larsen & Toubro wins large contracts for its various businesses
Engineering giant Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,310 crore in various business segments.
L&T committed to reduce dependency on products from China
"Larsen & Toubro, India's leading multinational engineering, construction, technology, and financial services conglomerate is committed to achieving self-reliance for the domestic industry by creating a strong and feasible ‘Make in India' ecosystem," the company said in a statement.
Ashok Piramal Group sells Miranda Tools to Swedish Dormer Pramet
In 2019, Miranda Tools had revenues of about 200 million SEK and around 580 employees. Such precision engineering businesses are highly profitable and are valued at around 10-12 times EBITDA. Globally and in India, these businesses have around 25-28% EBITDA margins
IIT-Madras and General Electric tie-up to build a next-gen combustor for small aircraft and helicopter engines
The Rs 7.24 crore Uchhatar Avishkar Yojana (UAY) project is being carried out by the aerospace department at the Institute and is being funded by the government of India (75%) and GEITC (25%).
World Bank announces 2-yr conditional non-debarment of Indian company for corrupt practices
Egis India Consulting Engineers Private Limited is accused of corrupt and fraudulent practices in the Second Karnataka State Highway Improvement Project and the Uttar Pradesh Core Road Network Development Project.
GFG Alliance undertakes major cost-cutting measures, including job cuts
“GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certain locations,” the company said. It said, it is exploring all options to minimise the impact on the people, including natural attrition and redeployment with support from GFG Workforce Solutions.
L&T-made major cryostat base installed in world's largest nuclear fusion project in France
A cryostat forms a vacuum-tight container surrounding the reactor vacuum vessel and superconducting magnets, and acts essentially as a very large refrigerator.
L&T board reappoints AM Naik as non-executive chairman for 3 years
Naik has been re-appointed as a non-executive chairman for a period of three years with effect from October 1, 2020 and up to September 30, 2023, it said, adding Dip Kishore Sen has been reappointed as a whole-time director with effect from October 1, 2020 and up to April 7, 2023.
Larsen & Toubro wins contract worth up to Rs 5,000 cr from Telangana govt
"The heavy civil infrastructure business of L&T Construction has secured an order from the Irrigation and Command Area Development Department (I&CAD), Government of Telangana," the company said in a statement.
KEC International to speed up automation amid COVID-induced labour shortage
KEC, the flagship company of the RPG Group, is a turnkey solutions provider and engaged in the business of power transmission and distribution (T&D), cables and railways, among others.
Bankruptcy process at Indu Techzone set aside by NCLAT
The tribunal has ordered in favour of the company on the ground that lender IFCI had filed the insolvency petition after missing the deadline as per the Insolvency and Bankruptcy Code.
Wipro Infrastructure Engineering develops sanitizing walkway
Developed by WIN Automation, a part of Wipro Infrastructure Engineering, ClearWalk is a two metre-long enclosure fitted walkway. ClearWalk is fitted with spray nozzles that create fine water particles (between 50 and 100 microns) in a turbulence to give maximum coverage to the person walking through, said the company.
ATM industry seeks lower GST rate, stimulus to address COVID-19 challenges
In a letter to Finance Minister Nirmala Sitharaman, the Confederation of ATM Industry (CATMi) mentioned that it has been recognised by the government as a crucial player to further the financial inclusion. The COVID-19 situation has caused a sharp decline in the ATM transactions and has posed severe business challenges to the ATM industry, the CATMi stated.
Pune-based Bharat Forge, Praj Industries to partially resume operations
Production at the facility will commence by the end of this week post completion of mandatory safety check and training of personnel on precautionary measures like physical distancing, the company said in an exchange filing.
BHEL invites global OEMs to use its facilities, capabilities to 'Make in India'
BHEL has floated an Expression of Interest (EOI) inviting global companies to partner with it and leverage its facilities and capabilities for setting up manufacturing base in the country," a BHEL statement said.