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Nexans Umbilicals to Play Vital Role in Senegal’s First Offshore Oil Development

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Nexans’ Halden facility will provide both static and dynamic umbilicals for each phase of the project, with deliveries commencing in 2022. September 29, 2020 Nexans has signed a contract with Subsea 7 to design and manufacture 46km of umbilicals for the Sangomar field, offshore Senegal. The umbilicals, produced by Nexans’......
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Prysmian Signed Preferred Bidder Agreement for Sofia Offshore Wind Farm

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The finalization of the contract is subject to final negotiations and to the final investment decision by RWE of the project. November 17, 2020 Prysmian Group, world leader in the energy and telecom cable systems industry, has signed a preferred bidder agreement with RWE Renewables Sofia Offshore Wind Farm, the......
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Ola to Invest Rs 2400 Crore for World’s Largest E-Scooter Factory in Tamil Nadu

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The SoftBank-backed company is raring to launch the first of its range of highly anticipated e-scooters in the coming months. The new manufacturing plant will help take mobility into a more sustainable, accessible, and connected future. December 15, 2020 Ola, one of the world’s leading mobility platforms, has signed MoU......
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NBG Acquires Swiss Fibre Optics Specialist Solifos AG

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The NBG family continues to grow – with the acquisition of the Swiss fiber optics specialist Solifos AG. December 18, 2020 According to the reports, Mr. Karl Bauer, CEO & Managing Director, NBG Holding GmbH signed the takeover agreement for the Lower Austrian NBG Group on December 10, 2020. The......
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HFCL’s new Hyderabad Facility Commences Production of FTTH Cables

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The company specializing in the manufacturing of telecommunication equipment, and optical fiber cables had earlier invested INR 260 crore in its Hyderabad plant. December 17, 2020 HFCL (Himachal Futuristic Communications Ltd.) rose by 3.56% and has hit a 52-week high to be valued at Rs 24.75 after the company announced......
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Extending Production Benefits to OFC Makers to Attract Investments: Polycab

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The Centre should extend benefits under the ambitious production-linked incentives (PLI) scheme to the homegrown optic fibre cable (OFC) makers so that investments in the sector would further grow, and India could eventually become Atmanirbhar or self reliant. December 14, 2020 As reported in a leading daily, Mr. Ashish D.......
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Agra Metro Rail Project Worth INR 8000 Crore Inaugurated by PM Narendra Modi

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The entire project is estimated to cost around Rs 8379.62 crore and Phase One construction is expected to be completed by December 2022. December 10, 2020 The first construction phase of the Agra Metro project in Uttar Pradesh was virtually inaugurated by Prime Minister Narendra Modi. Inaugurating the construction of......
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RailTel Plans INR 700 Crore IPO Early Next Year

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As part of the government’s disinvestment programme, public sector player RailTel is lining up an INR 700-crore initial public offer (IPO) early next year, valuing the company at around INR 3000 crore. December 7, 2020 Public sector player RailTel is lining up a INR 700 crore initial public offer (IPO)......
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