Month : July 2019

Prysmian expects to secure more savings from a 2017 US acquisition to help the world’s largest cable maker offset provisions for its WesternLink cable project in Britain. March 5, 2019 Prysmian has revised up its total savings expected from buying US firm General Cable to EUR 175 million from EUR......

The leading telecom products manufacturer has won Intertek’s (US) zero waste to landfill certification for its commitment to sustainable manufacturing and reducing environmental impact. February 26, 2019 Sterlite Tech has won Intertek’s (US) zero waste to landfill certification for its optical fiber cable manufacturing plant in Rakholi, Silvassa (India). This......

The newly formed group entity, Mundra Copper Ltd, a wholly-owned subsidiary of Adani Enterprises, envisages a project producing 1 million tonnes of copper cathode and 5 lakh tonnes of the copper rod a year and also 50 tonnes of gold and 500 tonnes of silver as by-products. February 24, 2019......

Of the overall amount being raised, the company plans to retain Rs. 500 cr. It will use Rs. 300 cr of the proceeds towards working capital, Rs. 100 cr for repaying short-term debt. February 11, 2019 Polycab India plans to raise Rs. 2500 crore by issuance of fresh equity and......

The company is set to establish a steel wire manufacturing plant called BSRM Wires in Chattogram citing a booming steel industry supported by mega projects that the government has set in motion. February 15, 2019 BSRM Group plans to spend approximately USD 54 million to build a steel wire manufacturing......

UAE’s Ducab has won three major contracts in Abu Dhabi for the supply of over 5000 km of cables and AAAC overhead conductors. January 29, 2019 The contracts include the design, manufacturing, and supply 220 kV EHV cables, 132 kV HV cables along with range of MV, LV power and......

The company has signed an export cable Pre-Construction Agreement (PCA) for delivery and installation of export cable system to the UK offshore wind farm project Inch Cape. January 29, 2019 NKT has signed a Pre-Construction Agreement (PCA) for delivery and installation of an export cable system for a prospective U.K.......

The company will supply optical fibre cables (OFC) for creating OFC network infrastructure worth Rs. 117 cr. to Tata Project Ltd. in the state of Chhattisgarh. March 6, 2019 Himachal Futuristic Communications Ltd. (HFCL) has received the Purchase Order (‘PO’) worth Rs. 117 cr. from Tata Project Ltd. for supply......

LS Cable & System is selling a stake in its subsidiary with the aim of securing capital to grow its EV parts business. March 6, 2019 LS Cable & System is slated to sell a 49 percent stake in its subsidiary LS Alsco to local private equity fund Keistone Partners......