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Nokia, HFCL Among 25 Companies Register Under PLI Scheme for Telecom Sector

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Around 25 telecom gear makers – including Nokia and HFCL have applied under the Rs 12,195 crore production linked incentive scheme for the sector, according to official sources. June 23, 2021 Around 25 telecom gear makers – including Nokia and HFCL have applied under the Rs 12,195 crore production linked......
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TSSC Partners with CSC to Train 1 Lakh Rural Youth for Maintenance of BharatNet

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The training will be conducted through CSC Academy and will focus on providing VLEs as well as rural youth with knowledge about optical fiber applications, splicing of optical fiber, installation of optical fiber cables, along with entrepreneurship and soft skills training. June 22, 2021 Telecom Sector Skill Council (TSSC) has......
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Essar Steel to Set Up 3 Million TPA Steel Plant in Andhra Pradesh

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The State Cabinet considered the proposal and accepted SBICAP’s recommendation to select Essar as the JV partner. The project capex of the project is Rs 11,606 crore. June 18, 2021 The Andhra Pradesh government has selected Essar Steel Limited as the joint venture partner for setting up a 3 million......
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PFC Consulting Ropes in Mohanlalganj Transmission as Wholly Owned Arm

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PFCCL is a subsidiary of state-run Power Finance Corporation, India’s largest power sector lender. June 18, 2021 As part of India’s strategy to build a robust power transmission network — state-run PFC Consulting Ltd (PFCCL) has incorporated Mohanlalganj Transmission Ltd as its wholly-owned subsidiary – as reported in a leading......
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NKT Completes Onshore Repair of High-Voltage Power Cable System Kontiskan-1

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For NKT, the repair project comprised fault location, civil works, repair of the power cable, Time Domain Reflectometry (TDR) measurements after the repair, and a cable dissection and analysis currently under development. June 21, 2021 NKT has finalized the repair operation of the Kontiskan-1 interconnector between Denmark and Sweden. The......
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Indian Railways to Invest Rs 55000 Crore on Modernization of Signalling and Telecommunication

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Indian Railways plan to use the spectrum allocation to provide long-term evolution (LTE) based mobile train radio communication for seamless communication between its running staff, the traffic controller, and maintenance personnel to enhance safety and security. June 16, 2021 Indian Railways has envisaged an investment of about Rs. 55,000 crore......
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China to Release Copper, Aluminum and Zinc Reserves to Stabilize Prices

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China has announced plans to release industrial metals from its national reserves to curb commodity prices in what some analysts said could be the first such move in a decade by the world’s top consumer of metals. June 16, 2021 China’s National Food and Strategic Reserves Administration has announced on......
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Prysmian Group Awarded USD 900 Million SOO Green HVDC Link Project

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The new partnership will be a key milestone in building a US Clean Energy Grid, and bring in new HVDC transmission cable manufacturing capacity and jobs to the United States. June 21, 2021 SOO Green HVDC Link has announced the selection of Prysmian Group – the worldwide leader in the......
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9GW Renewable Energy Contracts to be Auctioned

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While 6.68GW is being tendered by SECI, 1.5GW is being tendered by RUMSL at its solar parks at Agar, Shajapur, and Neemuch. MSEDCL is offering a 1 GW capacity. June 14, 2021 In one of the largest tranches of Indian renewable energy contracts on offer, developers are eyeing projects of......
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Power Grid Corporation Reports 8% Rise in PAT to Rs. 12036 Crore for FY2021

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Profit before tax jumped 38.86% to Rs 4662.18 crore in Q4 FY21 as against Rs 3357.41 crore in Q4 FY20. June 18, 2021 Power Grid Corporation of India’s consolidated net profit advanced 8.83% to Rs 12036.46 crore on 5.02% rise in revenue from operations to Rs 39639.79 crore in FY......
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