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Primetals Technologies Expands Workshop to 13,000 Square Meters in China

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Primetals Technologies’ facility has recently entered Phase 2 in a strategically planned extension that will further enhance the capabilities of Primetals Technologies’ Metallurgical Services organization. The Changxing branch measures close to 13,000 square meters including the approximate 5,900 square meters added in phase 2. Dec 20, 2023 Primetals Technologies’ facility......
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Outokumpu & Siemens Join Forces to Reduce Carbon Emissions

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Outokumpu and Siemens have joined forces to reduce carbon emissions in the production of medium-voltage switchgear. Outokumpu Circle Green®, with up to a 93 percent lower carbon footprint than the industry average*, will be used to produce medium-voltage switchgear. Dec 13, 2023 Outokumpu, the global leader in sustainable stainless steel,......
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Mehta Cad Cam Systems Private Limited Changes its Name to Mehta Hitech Industries Limited

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Mehta Cad Cam Systems Private Limited has changed its name to Mehta Hitech Industries Limited. The company has also embraced a new tagline ‘Growing With You’. Jan 1, 2024 Mehta Cad Cam Systems Private Limited, a distinguished player in the industry for more than three decades, has announced its transformation......
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Ravicab Cables-Acquired Leoni Cable Solutions India Rebranded as Elegar Kerpen, Targets 3-Fold Sales Growth by 2026-27

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Leoni Cable Solutions India, an Indian subsidiary of German company Leoni AG, acquired by Ravicab Cables and rebranded as Elegar Kerpen, is eyeing a three-fold sales growth by 2026-27. Oct 17, 2023 Ravicab Cables Private Limited acquired 100 percent equity in Leoni Cable Solutions India Private Limited (LCSI). Post divestiture......
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Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash

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U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs,  ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel......
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India and Saudi Arabia Sign MoU in Electrical Interconnections, Green Hydrogen, and Supply Chains

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The MoU was signed between the Union Minister for Power and New & Renewable Energy, Government of India, Shri R.K. Singh and the Minister of Energy, Government of Saudi Arabia, Mr. Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week in Riyadh. The MoU aims to establish......
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Radiance Renewables to Come Up with 150-MW Solar Project in Maharashtra, Seeks USD 90 Million Green Loan

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Radiance Renewables has secured a green loan of approximately USD 90 million for the development of its solar project in Maharashtra. The company has an operating capacity of about 500 MW with a target to increase its capacity to 2 GW in the next three years. Nov 2, 2023 Radiance......
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Adani Green Energy Seeks USD 1.8 Billion Loan for Capacity Enhancements in Solar & Wind Energy Projects

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Adani Green Energy is seeking a loan of USD 1.8 billion from a group of foreign lenders which will be used to build new capacity in solar and wind projects. Barclays and First Abu Dhabi are among the banks in talks. Nov 2, 2023 According to reports, Adani Green Energy,......
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TotalEnergies Acquires German Renewable Energy Aggregator Quadra Energy

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An agreement is signed between TotalEnergies and Aloys Wobben Foundation, wherein TotalEnergies is to acquire the entire share capital of the German company Quadra Energy, subject to approval. Oct 26, 2023 TotalEnergies has signed agreements with the Aloys Wobben Foundation (AWS) to acquire the entire share capital of the German......
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