Adani Transmission to Acquire Alipurduar Transmission from Kalpataru

wirecableJuly 6, 2020

July 6, 2020

The enterprise value for the project is estimated at INR 1286 crore. July 6, 2020 Adani Transmission Ltd (ATL) has signed definitive agreements with Kalpataru Power Transmission Ltd. (KPTL) for acquiring Alipurduar Transmission Ltd. in a manner consistent with Transmission Service Agreement and applicable consents. The enterprise value for the......

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PolyOne Completes Clariant Masterbatch Acquisition, Changes Name to Avient

wirecableJuly 2, 2020

July 2, 2020

With this completed transaction, Clariant takes another significant step towards becoming a pure-play specialty chemical company. July 1, 2020 PolyOne Corporation, a leading global provider of specialized polymer materials, services and sustainable solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. PolyOne......

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Sterlite Power Acquires Vapi II North Lakhimpur Transmission from PFC Consulting

wirecableJuly 1, 2020July 1, 2020

July 1, 2020July 1, 2020

WRSS-XIX and NERSS-IX will serve the growing power needs of Mumbai region, and improve renewable power availability across the western and north eastern India. June 26, 2020 Sterlite Power has announced the acquisition of Vapi II North Lakhimpur Transmission Limited (VNLTL), a Special Purpose Vehicle (SPV) from PFC Consulting Limited.......

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Hero Cycles in Talks to Acquire Operations of Atlas Cycles

wirecableJune 30, 2020

June 30, 2020

The acquisition is also expected to bring in huge opportunity for steel bead wire manufacturers. June 29, 2020 Hero Cycles may well be looking to scoop up the struggling operations of Atlas Cycles. Atlas Cycles, one of the country’s oldest cycle brands, had recently shut its last manufacturing unit in......

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Prysmian Completes Perfect Hat Trick with Suedlink Corridor in Germany

wirecableJune 30, 2020

June 30, 2020

The ±525 kV HVDC cable system will provide reliable and eco-friendly power transmission. June 29, 2020 Prysmian Group has been awarded contracts for the SuedLink Corridor in Germany — the largest ever underground cable project — by the German transmission grid operators TransnetBW GmbH and TenneT. Under the contracts, worth......

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NKT Awarded Over EUR 1 Billion Order for Suedlink HVDC Project

wirecableJune 30, 2020June 30, 2020

June 30, 2020June 30, 2020

NKT has been awarded the 2GW cable link which will be the world’s largest and longest high-voltage DC underground inter-connector. June 29, 2020 NKT has been awarded its largest order ever of over EUR 1 billion by TenneT and TransnetBW. The contracts comprise the supply and installation of a 525......

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LS Cable & System Launches High-Purity Audio Cables

wirecableJune 25, 2020

June 25, 2020

The company has upgraded the OFC (Oxygen Free Copper) cable that was previously produced under the LG Cable brand in the early 2000’s. June 16, 2020 Roe-hyun Myung, President & CEO, LS Cable & System has announced the launch of high-end audio cables, the Priority Series. LS Cable & System......

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Ministry of Power Proposes Tariff, Non-Tariff Barriers to Restrict Imports in Power Sector, Especially from China

wirecableJune 25, 2020June 25, 2020

June 25, 2020June 25, 2020

Government sources in the know said that the Power Ministry of India has proposed a set of changes in the regulations for import of power equipment that is likely to be accepted and implemented by the government after further deliberations by the Commerce and Finance Ministries. June 24, 2020 As......

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Nexans Delivers Railway Signaling Cables to Alstom for BSA Project in Egypt

wirecableJune 25, 2020June 25, 2020

June 25, 2020June 25, 2020

Nexans has completed the delivery of 1,700 km of specialized signaling cable to Alstom for the BSA (Beni Suef – Asyut) project in Egypt. June 24, 2020 The specialized cable was developed and manufactured by the Nexans plant in Tuzla, Turkey – a Group manufacturing base for railway signaling cables.......

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Havells India Plans to Integrate Online Platform with Offline Dealer Network

wirecableJune 25, 2020July 15, 2020

June 25, 2020July 15, 2020

With consumers increasingly shifting to the online channel for purchases due to the COVID outbreak, Havells India has decided to launch its own online platform which will be integrated with its offline dealer network. June 24, 2020 According to the media reports, the consumer durable and electrical goods company plans......