BITS & BYTES
Specialty Steelmaker Usha Martin to Sell Wire Rope Business
February 11, 2017
A leading manufacturer of wire rope and specialty steel in the country, Usha Martin makes wire rope in India, UK, Thailand, Dubai and Bangkok. The Kolkata-based firm had reported a consolidated net loss of Rs.109.2 Crore in the quarter ended December 2016.
Prysmian Group Discuss its Future Plans at FTTH Conference 2017, Marseille
February 9, 2017
The Prysmian Group will be in the spotlight at this year’s conference as it continues to develop and provide cutting-edge products to meet the evolving needs of clients and the telecom cable industry. It is currently working on creating more advanced FTTH technology of the highest quality. The next challenge is how we can reduce splicing time and save both time and money.
Coastal Wire Acquires all Assets of Casa Grande Wire and Cable
November 30, 2016
Coastal Wire Co. Inc. has decided to incorporate Casa Grande’s world-class galvanized products, for better market positioning and meet all customers’ needs. This acquisition will fit well with the strategic growth strategy of Coastal Wire which believes not only in the expansion of manufacturing capabilities but expansion of the company’s geographical footprint too.
Patrick Industries Acquired Certain Assets of Sigma Wire International and KRA International
December 5, 2016
The total cash consideration paid for these two acquisitions was approximately $25 million and the combined 2016 revenues of Sigma and KRA were approximately $21 million. This acquisition will further offer tremendous growth and synergy opportunities.
Nexans Subsea Cable to Link Hornsea Project One Offshore Wind Farm
December 14, 2016
DONG Energy Wind Power chooses Nexans subsea cable and placed an order for 139 km of three-phase 34 kV subsea cable for the array cabling of the first construction phase of the 1.2 gigawatt wind farm. This first stage of the wind farm is expected to be operational within approximately three years and to produce 406 MW (1.2 GW for all three construction stages).
Digital India Initiative to Connect All Gram Panchayats through OFC
February 10, 2017
Internet services expected to be provided to 2.5 lakh gram panchayats will promote and strengthen “less cash economy”. As on January 29, 2017, Optical Fibre Cable (OFC) has been laid to 76,089 gram panchayats with a total length of 1,72,257 km. As many as 16,355 gram panchayats have been provided with broadband connectivity.
Power Grid bags a Contract worth Rs 888.96 Crore for Electrification of 761 km of Railway Line
February 13, 2017
The Indian Railways’ plan to electrify 24,000 kms of railway lines in the next five years is a huge opportunity for state-run Power Grid Corporation (PGCIL) for providing its expertise through consultation as well as complete turnkey project development. The Indian Railways has set a target of electrifying 2,000 km in FY17, 4,000 km in FY18 and 6,000 km annually during FY19-FY21.
PGCIL to Invest Rs 1 Lakh Crore in Transmission Sector Projects
February 11, 2017
Of the total Rs. 2,60,000 Crore worth of projects likely to be approved under the National Electricity Plan for the sector, including the intra-state transmission projects, power grid would get around Rs. 1,00,000 Crore worth of projects to implement.
Government to Invest Rs. 10,000 Crore in BharatNet Project in 2017-18: Arun Jaitly
February 1, 2017
The funds allocation for BharatNet Project stepped up to Rs 10,000 crore in 2017-18 to aid in high speed broadband connectivity through optical fiber which will be available in more than 150,000 gram panchayats, with Wi-Fi hot spots and access to digital services at low tariffs.