Page 59 - Manufacturing Industry

Siemens bags Rs 83 crore order from Indian Railways

As per the contract, Siemens will supply of alternating current (AC) traction systems for dual cab high horsepower diesel engine locomotive for Indian Railways

Liberalised FDI policy to boost fish processing industry

The 100% FDI in aquaculture and pisciculture is likely to open up the sector to new avenues of financing and access to advanced international aquaculture & cage culture technology

Asian Paints revises plans for proposed Vizag plant

The company has decided to revise its plans of setting up of the plant with a maximum capacity of 500,000 kiloliters per annum

IOCL, OIL and Bharat PetroResources buys 24% stake in Russian oilfield

Three Indian firms have acquired 24% stake in JSC Vankorneft, in which ONGC Videsh already has 15% stake and that owns Vankor field, from Russia's Rosneft

Tata Power arm to acquire Welspun Renewables in a Rs 9,249-crore deal

Post-acquisition, Tata Power Renewable Energy's renewable assets portfolio will grow to about 2,300 MW making it the largest renewable power company in India

Siemens and Gamesa to merge wind businesses

Siemens will hold 59% stake in the merged company, which will be one of the leading global wind power players, while Gamesa shareholders to hold the remaining shares

Industrial IoT ushering in changes in predictive maintenance

Predictive maintenance technologies are driving new business models that promise to eliminate capex, improve uptime, and cut costs, says Lux Research report

BASF acquire Albemarle's surface treatment business Chemetall for 3.2 bn

The acquisition of Chemetall will significantly enhance BASF Coatings' position as a complete solutions provider to global customers

Centum Electronics acquires French Adetel Group

The new acquisition strengthens Centum's global design services offering in embedded electronic systems for defence, aerospace, industrial, transportation, medical and energy sectors

Man Industries commissions 5600-T hydraulic JCO press at Gujarat plant

The augmented facility will open new market for the company globally in high margin line pipe segment in future

Automation and the changing face of auto manufacturing: Wilfried Aulbur

The country needs to move from 'Make in India' to 'Make it smart in India' through adoption of Industry 4.0 and digitisation in a well-structured manner

Danfoss launches campaign to promote energy efficient industrial motors

The campaign, Danfoss Energy Efficiency Yatra, will highlight the need for adoption of better standards of industrial motors in energy intensive large industries

Skipper opens PVC pipes plant in Telengana

This is Skipper's fifth manufacturing unit for PVC products after Kolkata, Ahmedabad, Guwahati and Sikandrabad (UP) and will take its combined capacity for PVC products to 41000 MT

Manufacturing CEOs plan aggressive growth strategies: KPMG

While many Western manufacturers talk about a 'sell to China' strategy, respondents from the emerging markets (India and China in particular) are most likely to be investing, says KPMG survey

L&T Hydrocarbon bags orders worth Rs 1170 crores

Contracts include order of Rs 355 crore from Indian Oil, Rs 500 cr from Reliance Industries, Rs 200 crore from Hindustan Mittal Energy, and Rs 115 cr from a global EPC contractor

Govt launches scheme to build 1000 MW CTU-connected wind power project

The scheme is aimed at facilitating supply of wind power to the non-windy states at a price discovered through transparent bidding process

Shell Lubricants India appoints Mansi Tripathy as MD

Tripathy, who will resume charge from August 1, 2016, would succeed Nitin Prasad, who moves on to take over as the chairman of Shell Companies in India

Grupo Antolin expands capacity in India with Sanand plant

The Spanish manufacture of interior components for automobiles will produce overhead systems, sunvisors and plastic parts for customers such as Ford and Tata at the new plant

Dutch firm Stahl opens dyes testing center in Maharashtra

The center, located at Thane, will focus on the testing and development of existing and new dyestuffs, which are used in leather industry

Clariant launches heat transfer fluids for HVAC industry

The company expects the market for these products to flourish as the demand for efficient and safe manufacturing solutions grows in India