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REC Transfers Transmission Arm to PowerGrid

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The transfer came in the wake of approval from the Power Ministry. March 27, 2018 State-run Rural Electrification Corp (REC) today said it has transferred the entire shareholding of its wholly-owned subsidiary to Power Grid Corporation of India following approval from the Power Ministry. In a BSE filing, the company......
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Airtel Acquires Indian Leg of GBI’s India-Middle East-Europe Submarine Cable​

wirecable
Airtel and GBI have agreed to formulate joint “go to market” strategies and leverage the footprint of their respective global networks to serve global customers. March 6, 2018 Bharti Airtel announced that it has acquired the ownership of Indian leg of cloud services provider Gulf Bridge International’s (GBI) India-Middle East-Europe......
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Huber’s Fire Retardant Additives (FAR) Business Announces Significant Capital Investment

wirecable
Huber is to expand the capacity for fine precipitated Martinal® Leo products at its Martinswerk Plant in Bergheim, Germany March 7, 2018 The Fire Retardant Additives (FRA) business unit, part of the Huber Engineered Materials division of J.M. Huber Corporation, announces a significant capital investment to increase production capacity for......
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Amid Challenges, Indian Steel Industry to Grow at Over 10% in Near Term

wirecable
The steel industry, like many others, suffers from the problem of excess capacity periodically with demand rising and falling in alternate phases, thus maintaining an overall balance. Steel being among core industries has an inherent growth aspect as it can’t be substituted with another material and its long-term growth prospects......
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