Page 3 - Engineering

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

HCLTech extends partnership with Xerox in AI and digital engineering

Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services

Prospects healthy for Bharat Forge, but stock fully valued too

Bharat Forge's Q1FY25 revenue growth was driven by defence as other segments saw weak demand. Overseas subsidiaries are showing gradual improvement

Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics

Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose the transaction value. The entity has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement. Wipro Infrastructure Engineering said it has acquired 100 stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business Wipro Hydraulics. Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering. Pratik Kumar, CEO, Wipro Infrastructure Engineering, and Managing Director, Wipro Enterprises, said, "This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics' expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our

BHEL Q1 results: Net loss widens to Rs 211.4 crore on higher expenses

State-owned BHEL on Wednesday reported the widening of its consolidated net loss to Rs 211.40 crore for the June quarter, on account of higher expenses. It had clocked Rs 204.70 crore loss for the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 5,581.78 crore from Rs 5,117.20 crore in the year-ago quarter. Expenses stood at Rs 5,874.98 crore as against Rs 5,409.47 crore a year ago. Bharat Heavy Electricals Ltd (BHEL) is one of the largest engineering and manufacturing companies in India.

Balu Forge Q1 result: PAT up over two-fold at Rs 34.16 cr on higher income

Precision engineering and manufacturing firm Balu Forge on Monday said its on-year net profit grew over two-fold to Rs 34.16 crore in the April-June quarter this year, driven by higher income. The company had posted a net profit of Rs 16.67 crore in the April-June period of FY24. The company said revenue from operations for the reporting quarter stood at Rs 175.3 crore, up 56 per cent from Rs 112.38 crore in the first quarter of the earlier fiscal, helped by focus on client addition and continued demand for the specialised engineering products. The company's EBITDA (Earnings before interest, taxes, depreciation and amortization) grew by 97.31 per cent, while margins expanded by 516 bps from 19.48 per cent in Q1FY24 to 24.64 per cent in Q1FY25, on account of increase in scale of operations and increased demand for heavier products which tend to yield better margins, Balu Forge said. "Our robust financial performance was an outcome of our dedicated strategy implementation focused on

This Ashish Kacholia stock has zoomed 55% in July; up 125% from June low

Shares of Balu Forge Industries hit a new high of Rs 501, surging 7% on the BSE in Tuesday's intra-day trade and rallied 23% in four days. Company to announce Q1 results today.

COMEDK UGET 2024: UGET results will be out soon on official website

Consortium of Medical, Engineering, and Dental Colleges of Karnataka will announce COMEDK UGET Result 2024 on May 24, 2024 at 2 pm today on the official website of COMEDK at comedk.org

Patel Engineering Q4 results: PAT rises 78% to Rs 140 cr on higher revenues

Patel Engineering Ltd on Saturday reported a 78 per cent rise in its consolidated net profit after tax to Rs 140.35 crore for the March 2024 quarter on account of higher revenues. It had posted a Rs 78.83 crore "net profit after tax (PAT) from continuing operations" during the year-ago period, the company said in an exchange filing. The company's revenue from operations also rose by 11 per cent to Rs 1,343.18 crore from Rs 1,205.06 crore in the January-March quarter of the preceding 2022-23 fiscal. Its total order book was Rs 18,663 crore as of March 31, 2024. Its Whole Time Director and CFO Kavita Shirvaikar said, "The company has notched impressive milestones in the last quarter. Our robust financial strides underscore our disciplined cost management ethos and adeptness in capitalising on emergent prospects. Our vision remains bright, fuelled by a buoyant outlook on our company's potential, all while intensifying our fiscal strategies for greater resilience in the market". The .

Netgear explores possibility of building manufacturing facilities in India

Netgear, a global leader in networking technology, is exploring the possibility of establishing manufacturing facilities in India, the company said on Thursday. The inauguration of two new office floors for research and development here exemplifies the Nasdaq-listed company's unwavering commitment to this burgeoning market, marking a significant step forward for Netgear in bolstering its presence and investments in India, it said in a release. By participating in the 'Make in India' initiative, Netgear said, it hopes to increase its market presence, reduce production costs and foster local innovation. We are adding more space to our research centre and shall continue to invest more in engineering, sales and customer support in the coming years," Netgear CEO Charles (CJ) Prober, who is on a maiden visit to India, said at a press conference here. His visit signifies Netgear's strategic emphasis on establishing local manufacturing facilities to fortify its market position and synchron

SC protects ex-NOIDA engineer Yadav Singh from CBI arrest for corruption

The Supreme Court on Thursday protected former Noida Authority chief engineer Yadav Singh from arrest by the CBI in a corruption case in which he allegedly executed 1,280 maintenance contracts worth Rs 954 crore in eight days in December 2011. A bench comprising Justices Hrishikesh Roy and Prasant Kumar Mishra took note of the submissions of senior advocate NK Kaul, appearing for Singh, that a bailable warrant has been issued against the accused after the central probe agency filed a supplementary charge sheet against him in the case. The bench has now posted the plea for hearing after four weeks. The senior lawyer said the top court had granted him bail following his over three year incarceration in the case and he now apprehends fresh arrest in the wake of the filing of the fresh supplementary charge sheet. There shall be no coercive action against the petitioner, the bench said while issuing notice to the CBI on Singh's fresh plea for bail. The top court had granted Yadav Singh

85% of 12,000 freshers set to join SBI in FY25 are engineering grads: Khara

Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering graduates, its chairman Dinesh Khara has said. The bank is in the process of onboarding up to 12,000 freshers in the roles of probationary officers and associates in FY25, and there is no bias towards onboarding engineers in the ranks, Khara said, stressing that this is not by design. After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business roles. It can be noted that this comes at a time when the banking sector is increasing its dependency on technology as it looks for newer ways of enthralling the customer, while some players are also grappling with challenges on this front. "We expose them into banking and thereafter, channelise them into various roles in business and IT, depending on their aptitude and temperament, and that is something which is helping us ensure that there is a continuo

SIAEC to develop Air India's base maintenance facilities in Bengaluru

Air India on Saturday announced it has appointed SIA Engineering Company Limited as its strategic partner for the development of its base maintenance facilities here. As part of the partnership, Air India will work closely with SIA Engineering Company Limited (SIAEC) on the planning, construction, development and operationalisation of its base maintenance facilities here, they said. In a statement, Air India said, "Projected to be ready in 2026, the facilities will comprise both wide-body and narrow-body hangars, including associated repair shops, to support the growing Maintenance, Repair and Overhaul (MRO) needs of the aircraft fleet in Air India Group." "The collaboration with SIA Engineering Company will not only help Air India become more self-reliant for the maintenance of its own fleet but it also reiterates our commitment to strengthen India's aviation infrastructure by boosting the growth of the country's MRO industry," Campbell Wilson, Chief Executive Officer and Managing

IIT Madras claims top slot in patents; count more than doubled in FY24

Premier campus achieves dream of filing 'patent a day', has some 1,100 granted to it

Engineering goods exports up 10.7% in March to $11.28 billion: EEPC

Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the Red Sea shipping crisis brought on by conflict in the Middle East, exporters said

What IT sector wants: AI push, clarity on labour laws on LS polls wishlist

There are specific hurdles that need to be addressed for the IT/ITeS sector

JEE-Main results: 56 candidates achieve 100 NTA score, IIT cut-offs soar

A record 56 candidates, including two females, achieved 100 NTA score in engineering entrance exam JEE-Main, the National Testing Agency (NTA) announced on Wednesday night. The qualifying percentile for JEE (Advanced), the entrance test for admission to the 23 Indian Institutes of Technology (IITs), touched a five-year high. While 23 candidates in the JEE (Main) January session scored 100 NTA score, 33 candidates in the April session achieved it. The 56 toppers include 40 from the general category, 10 from the OBC category and six from the gen-EWS category. No candidate from the SC and ST categories managed to get 100 NTA score this year. According to officials, the NTA score is not the same as the percentage of marks obtained. "NTA scores are normalised scores across multi-session papers and are based on the relative performance of all those who appeared for the examination in one session. The marks obtained are converted into a scale ranging from 100 to 0 for each session of ...

What makes engineering R&D space a target for mergers and acquisitions?

Infosys' acquisition of Germany-based in-tech is the 15th top deal so far