Page 5 - Engineering

Pitti Engineering profit rises to Rs 22.5 crore in September quarter

Pitti Engineering on Wednesday said it has reported a 121.9 per cent rise in Profit After Tax (PAT) to Rs 22.55 crore for the September quarter. The company had reported a PAT of Rs 10.16 crore in the year-ago period, Pitti Engineering said in a statement. However, the company's revenue in the July-September period dropped to Rs 302.85 crore, over Rs 304.55 crore in the year-ago period. "Despite upcoming challenges and uncertainties on account of war, upcoming elections and other macro-economic factors, the company remains positive for achieving our annual targets," the company's Vice Chairman and Managing Director Akshay S Pitti said.

IIT Guwahati discovers modified graphene oxide's potential in medicine

Researchers at the Indian Institute of Technology (IIT) Guwahati have developed cost-effective experiments for modifying graphene oxide that can be used by other academic institutions to train personnel needed for cutting-edge projects in semiconductors, nanoelectronics, healthcare and quantum technologies. A team led by Rajiv K Kar, assistant professor, at the Jyoti and Bhupat Mehta School of Health Sciences and Technology in IIT-Guwahati, have made these important discoveries regarding the use of modified graphene oxide for biomedical applications, a release said on Tuesday. Graphene is an exceptionally strong material and possesses outstanding electrical and thermal conductivity. Its oxidised form, called Graphene Oxide (GO), offers a large surface area and low cytotoxicity, making it suitable for medical applications. GO can be further engineered through defects, doping and functional modifications, which enhance its optical and electrical properties for improved biomedical ...

Green engineering need of hour, construct sustainable structure: Prez Murmu

"Green engineering" is the need of the hour, President Droupadi Murmu told officers of the Military Engineer Services (MES) on Friday as she asked them to construct eco-friendly and sustainable structures that promote the use of renewable energy. Addressing a group of MES probationers, who had called on the President at the Rashtrapati Bhavan here, Murmu said, "The role of an engineer is not just limited to calculations, designing and construction. It is much broader and includes connecting communities, realising the dreams, and shaping the future." "As young officers who have just entered the service, you must be well aware of the environmental challenges and issues of climate change. It is your duty to design and construct such structures which are eco-friendly, sustainable and promote the increased use of renewable energy," she said. Murmu pointed out that the field of engineering is ever-evolving, with new technologies and methods emerging at an astonishing pace. "You need to

Destination India for ER&D sourcing: Here're top 5 sectors' share in 2023

The country is a destination for ER&D due to its digital talent and startup ecosystem

Air India commissions mega warehouse facility in Delhi for engg spares

Air India on Friday said it has commissioned a mega warehouse facility in Delhi for storing over 1,000,000 engineering spares for aircraft maintenance. Spread across 54,000 sq ft and located near Terminal 3, at Delhi Airport's cargo complex, the centralised warehousing facility will improve the turnaround time of flights operating out of Delhi, the company said. The facility will offer a one-stop solution for storing aircraft spares, tools and ground support equipment ranging from hardware to sophisticated and complex avionics, hydraulics, structural, pneumatic, and mechanical components, it said. "This facility will not only boost Air India's fleet and operational efficiency but will also strengthen India's aviation ecosystem. The warehouse will offer us more proximate access to and better control over our aircraft spares enabling us to meet any engineering requirement promptly -- leading to improved punctuality of flights," Air India CEO and MD Campbell Wilson said. The warehouse

How physics Nobel laureates helped unlock secrets of shortest time frames

The groundbreaking research into attosecond pulses opens doors to a new era of scientific exploration with applications spanning physics, chemistry, engineering and medical diagnostics

Study practices that stop engineers participation in global projects: Goyal

Commerce and Industry Minister Piyush Goyal on Friday called upon the Services Export Promotion Council to conduct a study on international practices that restrict Indian engineering firms' participation in global projects. He said that the government will explore reciprocal actions based on this research study to ensure a level playing field for Indian engineers and businesses. The minister also encouraged the engineering community to achieve the USD 100 billion export target in engineering services, design, construction, and research and development (R&D) by 2030. He said this during his address at the 'Global Services Export Conclave on Design, Engineering, Construction, R&D and Environmental Services: Sustainable Energy, Transportation, and Infrastructure' here. Further, the minister urged Indian companies to expand globally, capturing new markets and leveraging India's abundant talent pool of STEM (Science, Technology, Engineering, or Mathematics) graduates to become ...

Udaan makes organisational changes in business and tech verticals

Vivek Gupta, who led the essentials business, will transition from the operating role

AI Engineering Services to hire 1,000 people in coming months: CEO

Looking to strengthen and upgrade itsO capabilities, state-owned AI Engineering Services will hire 1,000 more people to take its total staff strength to 6,000 in the coming months, according to a top company official. A leading player in the Maintenance, Repair and Overhaul (MRO) space, AI Engineering Services Ltd (AIESL) has been raking in an average annual revenue of around Rs 2,000 crore in the last three years and is looking to get more funds to expand its capabilities. The government plans to divest the company. Currently, AIESL has a workforce of around 5,000 people. To support the growth of aviation in India, the company's CEO Sharad Agarwal said it has commenced the process to hire another 1,000 people in the coming months. "We are aware that we need to expand our capabilities to include new aircraft/engine types, which would require capex infusion," Agarwal told PTI. India is one of the fastest growing aviation markets in the world and domestic carriers have around 1,600

Kota prep centers: No friendship, everyone competitor, say students

There are no friends but only competitors in the country's coaching capital popularly known as "Kota factory", say students and experts as the government struggles to keep a check on the spate of suicides among engineering and medical aspirants. Authorities say 20 students preparing for competitive exams in Kota have ended their lives so far in 2023 -- highest for any year. Last year, the figure was 15. Battling with packed schedules, cut-throat competition, constant pressure to do better, burden of parents' expectations and homesickness, students say they often find themselves alone with no one to talk to and share their feelings with. Experts warn that parents also see friendships as potential distractions for their wards and discourage them to make friends when they are here for coaching. "There is no concept of friendship here...there are only competitors. Every student sitting next to you is seen as an additional burden to fight with. Unlike schools and colleges, nobody shares

This engineering student cheated Amazon of Rs 20 lakh with fake invoices

The police have seized 16 Apple iPhones, two MacBook laptops, one mobile phone, one desktop with hard disk and one air cooler. All the items were ordered from Amazon and marked for return

Niti Aayog looking at tax related issues of engineering, textile industry

Government think-tank Niti Aayog is looking at tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles, an official said on Monday. The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors, the official said. Industry representatives of leather and engineering sectors said that they have shared a list of GST (Goods and Services Tax) and inverted duty structure-related issues with the Niti Aayog. "We expect the government to resolve those issues as it would help in promoting manufacturing and exports from the country," an industry official said. The leather sector has recommended the reinstatement of basic customs duty on the import of wet blue, crust and finished leathers. The exercise assumes significance as these three sectors are labour-intensive and contribute significantly to the country's merchandise exports. The leather and footwear industry employs 4.42 mi

GGEL bags Rs 21-crore iron ore supply order from an industrial group

G G Engineering Ltd (GGEL) has received an iron ore supply order worth Rs 21 crore, the company said on Sunday. The order bagged from an industrial group will be completed within next 30-45 days, GGEL said in a statement. "GGEL has received order valued Rs 210 million for supplying iron raw material to prominent industrial houses, and is anticipating additional orders as well for Q3 of the current financial year," it said without sharing any further details. In a separate statement, the company said its board has approved a rights issue for 49 crore shares of face value of Re 1 each at a price of Rs 1 per rights equity share to the eligible applicants. A rights issue or rights offer is a subscription that allows its existing shareholders to buy additional shares at a discounted price, it said. "The company invites existing shareholders to purchase additional new shares at a discounted rate. It is an opportunity for shareholders to increase their exposure to the stock at a discount

AP EAMCET/EAPCET counselling 2023 registration begins, link to apply

The online registration process for the AP EAMCET/EAPCET Counselling 2023 has begun on eapcet-sche.aptonline.in/EAPCET

IPA inks MoU with Centre to work in area of water conservation, others

Indian Plumbing Association (IPA) will work with the government to sensitise public against water wastage, promote adoption of water saving gadgets and reclamation of used water under an agreement. In a statement on Monday, the industry body said it has signed a memorandum of understanding (MoU) with National Water Mission (NWM), Ministry of Jal Shakti to work on various parameters to minimize water wastage , and its re-usage in India. NWM is one of the eight missions of the government launched under the National Action Plan on Climate Change (NAPCC) for combating the threats of global warming, IPA said. Some of the objectives of the pact are "to impart and promote public education, awareness and outreach programmes and water stewardship. The focus will be on the circular economy of water including grey water use (5Rs: reduce,recycle,reuse,replenish and respect) in the built environment." Also to share knowledge-based information on water conservation and water use efficiency, ...

BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech

So far this calendar year 2023 (CY23), shares of BHEL soared over 17 per cent, as against 7 per cent rise in the S&P BSE Sensex

K'taka CET results out: 203,381 students eligible for engineering courses

The Karnataka Examinations Authority (KEA) released the result for the Common Entrance Test (KCET) 2023 on Thursday with 2,03,381 students securing eligibility for Engineering and Technology courses

EEPC to focus on WANA region for enhancing engineering goods exports

Engineering Exports Promotion Council on Wednesday said it would focus on the West Asian and North African countries for enhancing exports to the WANA region. The EEPC, in a statement, said there is ample scope for increasing bilateral trade with the WANA countries, especially for engineering exports. The council is also holding an exhibition 'INDEE' at Jordan, which is India's fourth largest trading partner in the region. In 2022, India's engineering exports to Jordan stood at USD 136.4 million, which was 33 per cent higher than the target of USD 109 million for the period. Jordan is strategically located in the western Asian region, the statement said, quoting EEPC chairman Arun Kumar Garodia. He said India and Jordan share vibrant social, economic and business ties with expanding trade and investment flows between the two countries. According to him, Jordan has a free trade agreement with the US for which most products exported from the former to the latter attract zero custom

AIIMS to allow contractors from PSUs to participate in tender process

The AIIMS has issued a memorandum allowing contractors empanelled with MES, railways and other central PSUs to participate in the tendering process for increasing transparency and competition in their engineering contracts. To increase confidence amongst prospective bidders, the engineering contracting system will also be modified. One team of engineers will prepare the estimates and finalise the tender while the other team will monitor the execution of the contract and make payment to the contractors in a timely manner, the memorandum issued on April 27 stated. This will ensure dual checks and double vigilance in the system, it said. The All India Institute of Medical Sciences (AIIMS), in its memorandum, said that in a bid to increase competition, contractors registered with Military Engineer Services (MES), railways and other central PSUs will be allowed to participate in the tenders apart from the contractors registered with Central Public Works Department (CPWD). User ...

Campuses turn to core engineering, manufacturing amid IT hiring slump

Inviting more firms for placements, tap into stronger, better-performing sectors