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V-Guard Industries Promoter Sells Shares Worth INR 90 Crore to Fund Social Cause

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V-Guard Industries promoter Mr. Chittilappilly has sold 40 lakh shares in the company to fund social cause. February 19, 2021 Electrical appliances manufacturer V-Guard Industries promoter and chairman emeritus Mr. Kochouseph Chittilappilly has sold 40 lakh shares in the company worth INR 90 crore to fund social causes. As reported......
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V-Marc India Files for INR 30 Crore SME IPO; to get listed on NSE Emerge

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V-Marc India Ltd. has an operating history of around 15 years and manufactures and markets BIS and CE certified wires and cables out of its 2 manufacturing facilities in Haridwar, Uttarakhand. February 19, 2021 V-Marc India Ltd., a Haridwar- based wires and cables manufacturer, has filed its document with the......
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Torrent Power, the highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

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With the acquisition of a 51% stake, Torrent Power is also looking to participate in new opportunities coming up in the sector in renewable generation, transmission, and privatization. February 22, 2021 Ahmedabad-based Torrent Power Limited has emerged as the highest bidder for the sale of 51 percent stake in the......
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Prysmian Group to be RTE’s Major Partner for Power Transmission Grids in France

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This framework agreement confirms Prysmian Group’s primary role in supplying RTE with HV cable systems, consolidates their long-term and successful relationship, and highlights once again RTE’s trust in Prysmian. February 22, 2021 Prysmian Group has signed a new framework agreement with Réseau de Transport d’Electricité (RTE), France’s Transmission System Operator,......
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India Looking at USD 500 Billion Investment in Renewable Energy by 2030

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This huge investment in renewable energy generation is anticipated to bring in newer opportunities and drive the demand for wires and cables. February 16, 2021 According to the report by the Institute for Energy Economics and Financial Analysis (IEEFA) — India is set to see investments to the tune of......
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Cable & Wire Fair 2021 Rescheduled to March 2022

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February 15, 2021 Cable & Wire Fair organized by Tulip 3P Media Private Limited has announced the rescheduling of the dates of its 4th International Exhibition & Conference for Wire and Cable Industry. India’s most illustrious trade exhibition for wire and cable industry has been postponed from its initial date......
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Industry Welcomes PLI Scheme for Telecom Sector

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The INR 12,195 crore PLI scheme for telecom equipment manufacturing is “a big positive” that will spur local production, generate employment, and position the country as a global hub for innovation. February 18, 2021 The Govt. of India has unveiled details of the INR 12,195-crore production-linked incentive (PLI) scheme for......
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First Virtual Live Event: Great Success of SIKORA CONNECT

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The virtual event included a diverse program with interesting live presentations on the products and services, insights into the R&D and the expert discussions on future trends in the cable industry with well-known machine manufacturers. December 12, 2020 From November 17 to 20, 2020 SIKORA presented for the first time......
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Inhol BV Successfully Merged With Melos GmbH

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In January 2018, Inhol B.V. (based in Soest, the Netherlands) was taken over by Melos GmbH. Since then, Inhol B.V has functioned as a part of and on behalf of Melos GmbH. At the end of 2020, Inhol B.V. was merged into Melos GmbH. January 18, 2021 With the acquisition......
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Sumitomo Electric Secures Onshore Cable Contract With 50hertz

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Sumitomo Electric contracts with 50Hertz, an Elia Group company, to replace the 400kV Germany-Denmark Interconnector land cable on the German side. The new cable will be reliable & environmentally friendly and with innovative technology. February 9, 2021 Sumitomo Electric Industries, Ltd. has been awarded a contract by German transmission system......
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