Infrastructure

Siemens AG to acquire 18% stake in Siemens India for €2.1 Bn Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24%...

Indian economy may surpass Germany in 5 years: Karl Haeusgen, President, VDMA Check out this insightful interview where Karl Haeusgen, President, VDMA, engages in a compelling discussion with Subhajit Roy.Haeusgen highlights India's promising trajectory, he said, "Considering India's current growth rate, I am confident that in five years, India will surpass Germany, while the partnership between the two will persist."He also added, "German engineering exports to India witnessed a 27%...

Faster energy transition will happen in the wake of global market uncertainty: Hardeep Singh Puri “India is at the centre of global energy scenario, not only because the country has the potential for economic growth and consumer demand but also our leadership is aligned with new alternatives for energy transition. We need new alliances, institutions, and partnerships to ensure seamless, clean energy transition,” said Union Minister for Petroleum & Natural...

Adani to build 10 GW solar manufacturing capacity by 2027 Get an exclusive insight into Adani Group's groundbreaking plans to skyrocket its solar module manufacturing capacity to a staggering 10 GW by 2027. In a revealing interview with mojo4industry at the Renewable Energy India Expo 2023, Rahul Bhutiani, Chief Marketing Officer, Adani Solar, unveils the company's strategic vision.With a significant emphasis on catering to the Indian market, Adani's visionary approach...

Putzmeister expands its Stationary Concrete Pump Range; launches BSA 1407 D Classic Putzmeister announced the launch of its latest product, the BSA 1407 D Classic Stationary Concrete Pump. Engineered to perfection, this concrete pump is set to deliver value with its simple high-performance pumping.High Performance Pumping Designed to handle difficult and abrasive concrete with the S-Valve technology, this machine is ideal choice for high-rise construction and long-distance pumping. Equipped with hydraulic...

COMING UP Distribuelec I Buildelec I Intelect 2024 Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the apex association of manufacturers of electrical, industrial electronics and allied equipment in India, will organize Distribuelec, Buildelec and Intelect on 16-18 January 2024 in Mumbai.Our Editor Subhajit Roy recently interacted with Hartek Singh, Founder & CMD, Hartek Group and Chairman, Distribuelec 2024; Shashi Amin, CEO (Cable Solutions), APAR and Chairman, Buildelec 2024; and Prakash...

Metso opens new plant in Alwar, Rajasthan Witness the exciting development as Metso, the leading global provider of equipment, services, and process solutions for rock and minerals processing, ventures into the thriving Indian market.With a remarkable investment of 200 million euros, Metso's state-of-the-art manufacturing facility is set to transform the landscape of mobile track-mounted crushing and screening equipment production in India.Join us for an exclusive conversation with industry leaders: - Markku...

BKT to showcase its state-of-the-art masterpieces at IME Kolkata Balkrishna Industries Ltd. (BKT), the Indian multinational Group and a leading global player in the Off-Highway tire market will participate in the 10th edition of the International Mining Exhibition (IME) in Kolkata, organized by the MGMI and TAFCON. The event will be held between November 6th and 9th at Eco Park, Rajarhat in Kolkata. The trade fair will provide an excellent...

Aurassure raises Rs. 4 Cr in seed round from Unicorn India Ventures Bhubaneswar-based IoT enabled climate tech startup Aurassure has raised Rs 4 crore in a seed round led by Unicorn India Ventures.“The funds raised will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities,” the start-up said.Aurassure using its powerful...

PM lays foundation stone for Rs. 49,000 Cr petrochem project in MP Prime Minister Narendra Modi laid the foundation stone for Rs. 49,000 crore petrochemicals project at Bharat Petroleum Corporation Ltd's (BPCL) Bina Refinery in Madhya Pradesh. The Project involves increase in BPCL’s Bina Refinery capacity from 7.8 MMTPA to 11 MMTPA.“The entire project will be completed in 5 years and will save Forex outgo of Rs. 20,000 crores per...

eTrans Solutions acquires Ranet4u, aims Rs. 100 Cr turnover in 3 years eTrans Solutions Pvt Ltd, a Kolkata-based e-logistics, fleet management solutions company, recently completed the acquisition of Bengaluru based Telematics and IoT company Ranet4u - a subsidiary of Rane Holdings.As per the acquisition agreement, Rane Holdings. has been allotted 8,62,505 (Eight lakhs sixty two thousand five hundred and five) Equity Shares having face value of Rs.10/- each, in exchange...

3A Composites’ ALUCOBOND launches new Series of Colours & Surfaces ALUCOBOND, a flagship brand of a Swiss major 3A Composites, which is a global innovator and manufacturer of high-quality aluminium composite materials, has launched a unique and classic range of colours and surfaces to boost its premier portfolio. The three new offerings are: Colourscapes, Concrete and Grove.With addition of these three series, ALUCOBOND has presented a new captivating portfolio of...

JK Cement to set up Grinding Unit in Prayagraj, invests Rs. 500 Cr JK Cement Ltd. to set up its grinding unit in Prayagraj, Uttar Pradesh with an investment of approximately Rs. 500 crores.Commenting on the expansion, Dr. Raghavpat Singhania, Managing Director, JK Cement said, "As India accelerates its infrastructure development to sustain robust economic growth, we are continually scaling our capacities to cater to escalating demands from the infrastructure,...

56 Secure launches Ultra-Fast SOS System in Bangalore 56 Secure, a connected security platform, introduces its Ultra-Fast SOS System, an emergency response technology. With an initial rollout encompassing 70 pin codes in Bangalore, 56 Secure takes the lead in redefining safety standards for urban living.More than just a simple panic button, the SOS feature is deeply integrated with 56 Secure's smart location technology, Cerebro. This system processes over seven million...

Gulf Oil Lubricants buys 51% in Tirex Transmission for Rs 103 CrIn a strategic move to strengthen its presence in the electric vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Ltd for Rs. 103 crores. “This is part of Gulf’s global ambition towards being a leader in the EV charging ecosystem, a market which is...