Page 2 - Honeywell

Honeywell Automation Q3 results: Profit jumps to Rs 128 cr on govt spending

Profit at the Indian arm of U.S.conglomerate Honeywell International was Rs 128 crore ($15.4 million) for the three months ended Dec. 31, compared with 1.06 billion rupees a year earlier

Honeywell eyes 30% revenue growth from its Impact brand: Ashish Modi

Honeywell is eyeing around 30 per cent revenue growth in the next few years from its Impact brand, which provides sustainable and digital solutions for Indian businesses especially the MSME segment. "Since the last 3-4 years we have been growing at 30 per cent. We will grow at 30 per cent or at high double-digit given the growing Micro, Small and Medium Enterprises (MSMEs) in the country," Honeywell India Country President Ashish Modi told PTI. Pune-headquartered Impact by Honeywell was incubated in 2019, to develop sustainable and digital products that can enable MSMEs to optimise their business operations, boost process efficiency and performance and optimise costs. "When you go to the market, reaching the masses is very different when you want to reach your handful of customers and that's been a big learning. We absolutely wanted to do something meaningful in 'Make in India'... "So we had to think about how we would think about innovation because, again, reaching the masses at t

Honeywell Automation India's profit growth slows on higher expenses

Quarterly revenue was up 39% at Rs 1,104 crore, however, a 44% rise in its total expenses, in line with the trend seen in the previous three quarters, weighed on profit

India poised to be leader in sustainable tech: Honeywell chief scientist

The Indian economy is developing very fast and the country is poised to become a leader in sustainable technologies, a senior official of American technology firm Honeywell has said. India is an emerging economy, which provides an opportunity to directly build sustainable infrastructure, instead of building it using legacy technologies that are now being abandoned in places like the Europe in the United States, Honeywell, Corporate Chief Scientist, Sustainability Technologies, Gavin Towler told PTI. "There are some parts of India, some regions in India now that actually have very high levels of renewable power, and very low levels of fossil fuel intensity. I think India is poised to become much more of a leader in sustainable technologies," Towler said on the sidelines of a company event. India's historical cumulative emissions from 1850 to 2019 amounted to less than 4 per cent of cumulative carbon dioxide emissions of the world from the pre-industrial era, despite being home to 17

Honeywell will double its India business in next 3-5 years: Ashish Modi

Modi talks about the key trends shaping the industry and growth drivers for the company, in a face-to-face interview with Ayushman Baruah in Bengaluru

Honeywell sets up airfield ground lighting manufacturing facility in India

Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," it said in a release. According to the company, AGL solution represents the entire set of ground-installed luminaires and related ancillaries that help an aircraft land and find their way to the stand, helping enable uptime even in adverse weather conditions. "As Honeywell, we are delighted to step up the manufacturing line for advanced airfield ground lighting system which is completely designed, developed and manufactured in India. These highly advanced solutions are key to meet the airports need for balance in compliance, safety, and environmental standards. "The new Honeywell LED lighting solution for runways and ..

Honeywell launches new AGL manufacturing facility in India's Gurugram

AGL, a product engineered and manufactured completely in India, plays a crucial role in airport operations

Honeywell Automation India's profit growth slows as expenses climb

Engineering firm Honeywell Automation India reported its slowest profit growth in five quarters on Thursday, as expenses, led by the rising costs, outpaced revenue

Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company

Microsoft's Anant Maheshwari joins Honeywell's High Growth Regions division

As president and CEO of High Growth Regions, Anant Maheshwari will oversee operations in China, India, Southeast Asia, Middle East, Central Asia, Africa, and Latin America from September 4

India-US jet engine deal: What are jet engines? Why is this deal important?

Technology around manufacturing jet engines capable of powering fighter aircraft is very closely guarded and remains the biggest impediment for countries wanting to develop their own combat aircraft

India can become sustainable fuel hub by using agri waste: Honeywell

Agricultural waste in India can be used for generating sustainable aviation fuel and make the country a hydrogen hub, a senior official of Honeywell India said on Wednesday. Honeywell India VP and General Manager for UOP and HPS Ashish Gaikwad said the technology is now available in the country that can benefit farmers by procuring agricultural waste from them, which they burn on the field that creates pollution. "It is my personal belief, India has the opportunity to become an energy hub for hydrogen. It can also become a hydrogen hub for SAF (sustainable aviation fuel). India is a large agricultural economy. It can produce a lot of agricultural waste that can become feedstock for producing SAF. Then not only we will produce SAF for our own domestic consumption but we will be able to export it," Gaikwad said. He said that Honeywell is a big proponent of India becoming a hub for SAF. India has committed to net zero carbon emissions by 2070. "Agricultural waste can be utilised for

Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV

Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

World's biggest plant for Ethanol jet fuel expected to open in 2025

The plant will eventually produce enough jet fuel to power thousands of flights per year, according to Summit Agricultural, run by entrepreneur Bruce Rastetter

Honeywell International names Vimal Kapur, a 34-year company veteran as CEO

(Reuters) - Diversified manufacturer Honeywell International Inc said on Tuesday Vimal Kapur, a 34-year company veteran, would succeed Darius Adamczyk as chief executive officer on June 1

US consumer tech firm Honeywell appoints Ashish Modi as India biz head

US-based consumer technology company Honeywell on Thursday announced the appointment of Ashish Modi as country president for India

Honeywell bullish, sees growth across infra, energy transition, automation

Industrial technology firm Honeywell is bullish on the Indian market and sees growth opportunities across segments mainly infrastructure development, energy transition projects, automation etc in the country to drive growth, a top official of the company said on Wednesday. Honeywell India President Rajesh Rege said that India looks to be a brighter spot in the global economic landscape based on GDP data that is coming from experts. According to the Reserve Bank, the real GDP growth for 2022-23 is projected at 6.8 per cent with the third quarter at 4.4 per cent and the fourth quarter at 4.2 per cent, with risks evenly balanced. Real GDP growth is projected at 7.1 per cent for the first quarter of 2023-24. Rege, however, expressed concern about the rupee devaluation. "I see India as an opportunity. I see India having growth. I am not concerned. One area that could have been better is the slide in the rupee that we had," he said. Honeywell has a business of around USD 1 billion in In

In season of pollution, here is what your air purifier needs to do

The device must clean up particulate matter, allergens and ultra-fine dust particles

HAL signs contract worth over $100 mn with Honeywell for HTT-40 engines

The Hindustan Aeronautics Limited (HAL) on Wednesday signed a contract worth over USD 100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). HAL CMD R Madhavan said the company has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. "There is (a) potential requirement of 70 aircraft. The contract for the same with IAF is under advanced stage of approval, he added. We are proud of our four decade long partnership with HAL and happy to extend our relationship with this new order, said Senior Director, OE Sales, Honeywell Defense & Space, Eric Walters. The TPE331-12 family of engines has proven itself in operations all over the world, and we have committed to support and deliver engines as well as kits within the stipulated schedule to meet the requirements of the IAF. Honeywell is committed to support ...

Honeywell & IISc extend partnership to support 13 new startups, promote R&D

Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of Honeywell India, and the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc) here have extended their partnership to support 13 new startups to promote research and development (R&D) in deep science and fuel local innovation. HHSIF will provide these startups with seed capital, while SID will offer infrastructure support, access to the right technology, mentoring, and human capital. Startups focused on R&D in deep science solutions were eligible for funding and support under this partnership, HHSIF said in a statement on Monday. Preference was given to startups with founders from marginalised communities or to those working on solutions that have a direct impact on disadvantaged communities, it was stated. Accordingly, startups that have been selected under this round of funding include those working on COVID-19 solutions, developing medical technologies to assist