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News Source : Engineering

Mon, 16 Oct 2017 23:07:16 GMT

China emerges as a major destination for engineering exports
China accounted for the maximum and whopping 266 per cent growth in India's engineering exports inAugust to $257 million against a meagre $70 million a year ago.

GE Power India bags job orders worth Rs 327.5 crore
The company said GE Power is also supplying super critical steam turbines for the same projects, which are being executed by DPSI on engineering, procurement and construction basis.

L&T Hydrocarbon Engg bags Rs 1,150-cr mandate from ONGC
The project, part of ONGC's strategy to extract gas from the Daman field, is located in the south-western part of Tapti - Daman block in the Mumbai offshore.

Akvo plans household atmospheric water generators
We are planning to set up a manufacturing line in Howrah for household atmospheric water generators (AWGs), said Navkaran Singh Bagga, director, Akvo.

GE completes first phase of Champa-Kurukshetra HVDC link
Spearheaded by Power Grid Corporation, the Champa-Kurukshetra link is transmitting power of up to 3000 MW, a company statement said .

BHEL pays 79% dividend for 2016-17, highest in 3 years
With the move, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for four decades without a break.

Mahindra forays into construction equipment space
Sahay said the motor grader is most suitable for constructing small to medium roads as well as widening of state and national highways.

Otis to manufacture escalators in India from next year
"We will start manufacturing escalators next year. It will be manufactured in our Bengaluru facility," Otis India President Sebi Joseph said.

BHEL's Trichy Ancillary Units seek rehabilitation package from lenders
It entails moratorium on principal repayment on term loans for 18 months, additional working capital for executing orders, and stalling loan recovery action.

At L&T, no hiring executive directors’ kids till they retire
Naik said that there has been only one instance when a non-executive director’s son worked with the company and for this shareholders’ approval was taken.

Siemens sells Worli office property for Rs 610 crore
Last December Siemens had entered into a pact with Whispering Heights to sell the Mumbai property.

L&T Technology services sets up development centre in Chennai
L&T Technology Services has been associated with Vestas for over a decade as a "strategic engineering partner.

LTTS sets up engineering development center in Chennai for Vestas
The center will facilitate cost-effective engineering solutions and focus on solutions in areas like energy storage, hybrid energy and smart products.

Will diversify portfolio for next wave of growth, says BHEL
Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace to increase the share of business from non-coal areas, said BHEL.

Usha Martin eyes debt reduction through sale of wire ropes unit
The company's total debt burden, including Rs 500 crore in working capital, stands at Rs 3,800 crore.

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