Explore Business Standard
Electrical Sector
Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience, the company said in a regulatory filing. Currently, the network of the Sultanate of Oman is connected to this interconnection through UAE's grid at 220kV. Now a direct interconnection is being established at 400 kV level for which a 400 kV substation in UAE is crucial, the company added. L&T PT&D has won an order to engineer, procure and construct this 400 kV Substation, the filing said. According to the filing, the company has bagged another order for building a set of new 132kV substations in the .
Chief Minister Rekha Gupta on Saturday launched Delhi's first "hotline maintenance vehicle" capable of carrying out electrical repairs without requiring a supply shutdown. She announced that similar machines will be deployed across the city. Speaking at the launch of the vehicle in her Shalimar Bagh Assembly constituency, she said the machine, worth Rs 1.5 crore, will ensure that residents face no inconvenience during repairs of electrical faults. "Delhi government plans to have these hotline maintenance vehicles for the entire city," Gupta said. The vehicle has been procured by the Tata Power Delhi Distribution Limited (TPDDL), a discom that supplies power in North Delhi. Regarding the ongoing work of shifting overhead electrical lines in Shalimar Bagh, Gupta said her government wants to expand the project in other parts of the city, especially in Chandni Chowk and Sadar Bazar. Delhi Power Minister Ashish Sood, who was present at the launch event, said people had to endure hours
Commerce and Industry Minister Piyush Goyal has agreed to consider the domestic industry's request to extend the implementation timeline of the quality control order (QCO) for various electrical appliances, an official statement said on Friday. Department for Promotion of Industry and Internal Trade (DPIIT) convened a stakeholder consultation meeting under the chairmanship of the minister on May 15 to discuss the issues being faced by the industry in the implementation of horizontal QCO on "Safety of household, commercial and Similar Electrical Appliances" notified on September 20, 2024. The industry raised its concerns and highlighted issues faced by them in the implementation of the order on various electrical appliances. The DPIIT said that the industry supported the intent behind QCOs to ensure only high-quality products, but they requested for notifying these orders on finished goods first followed by QCOs on components and raw materials, considering the complexity of global .
The Indian electronics and electrical industry should look at increasing exports to USD 100 billion over the next 5-7 years, Commerce and Industry Minister Piyush Goyal said on Monday. He said the export volume of electronic goods ranks second in the country against 167th in 2015. In January, the export volume of electronic goods was USD 3 billion. Look at increasing exports to "USD 100 billion in the next 5-7 years", he said at the 16th Edition of ELECRAMA, organised by the Indian Electrical And Electronics Manufacturer's Association (IEEMA) here. The minister also said India's electronic goods industry must work together towards more resilient supply chains, upgrade quality standards and provide high-quality goods and services to the world at competitive rates. He urged the participants to work together to bring competitive advantages to the manufacturing sector. The minister stressed that the industry has a responsibility to ensure that consumers are provided better deals. He
Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, has filed preliminary papers with capital markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity shares by a promoter and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Tuesday. The offer includes a reservation of equity shares for subscription by eligible employees. Besides, the company may consider raising Rs 80 crore in a pre-IPO placement round. If such placement is undertaken, the size of the fresh issue will be reduced. The company proposes to utilize the proceeds from the issue for payment of debt, supporting working capital requirements of the company and for general corporate purposes. According to a Crisil report, India's transformer market is driven by