Author : wirecable

Sterlite Tech, through its wholly owned Italian subsidiary Sterlite Technologies S.p.A, acquired 100 percent stake in Metallurgica Bresciana S.p.A (Metallurgica). July 23, 2018 Sterlite Technologies’ subsidiary has completed the acquisition of Metallurgica Bresciana, a European specialised optical cable manufacturer, for EUR 47 million in an all-cash deal. The company said......

The four companies roped in by GMDA are Reliance Jio, Indus Towers Limited, Sterlite Convergence Limited and ATC Telecom & Infrastructure Private Limited. July 22, 2018 Work for laying an optical fibre network for broadband connectivity across Gurugram has been allotted to four companies, including Reliance Jio, as part of......

The 2,300 km submarine cable will connect Chennai with the Andaman and Nicobar islands. July 12, 2018 NEC has been chosen to build out another subsea cable, this time between Chennai and the Indian islands of Andaman and Nicobar, after winning a contract from Indian government enterprise Bharat Sanchar Nigam......

The company’s transmission & distribution business secured turnkey orders of Rs 1,234 crore across India, Middle East, Africa, SAARC and the America. The company’s cables business has secured orders of Rs 123 crore. July 11, 2018 RPG Group company KEC International said it has secured new orders worth Rs 1,357......

Sumitomo Electric Industries, Ltd. has started to deliver the contact wires that will be installed over a line distance of approximately 1,340 km for the Dedicated Freight Corridor (DFC) July 10, 2018 Sumitomo Electric Industries, Ltd. has started to deliver the contact wires that will be installed over a line......

Prysmian, Nexans and eight other cable companies on July 12 lost their challenge against an EUR 302 million (USD 353 million) EU cartel fine. July 12, 2018 Investment bank Goldman Sachs , the world’s biggest cablemaker Prysmian , Nexans and eight other cable companies on July 12 lost their challenge......

Karnataka has emerged as top state in installing renewable energy overtaking Tamil Nadu, which had long been India’s top renewable energy performer. July 25, 2018 The Institute for Energy Economics and Financial Analysis released a report in which it was revealed that Karnataka is the leading state for generating renewable......

Sterlite Power secured 6 projects at an investment of roughly USD 1 bn, securing about 65 percent of the capex under auction. July 12, 2018 In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly......

The ruling came on a complaint filed by a North Western Railway official alleging that 37 entities had formed a cartel for supply of railway signaling cables and that they quoted high rates. July 18, 2018 The Competition Commission has rejected allegations of unfair business practices made against 37 railway......

With the completion of the transaction, General Cable has become a privately held company, and therefore its shares will no longer be listed on the NYSE or any other public market. June 6, 2018 Prysmian Group and General Cable Corporation on June 6 announced that Prysmian has completed its acquisition......