Lämneå Bruk Launches Factory Acceptance Test in Times of Covid-19

wirecableJune 9, 2020June 9, 2020

June 9, 2020June 9, 2020

The company has launched an online Factory Acceptance Test (FAT) where the customers are dialed in live via video conference calls and can observe the test run of their machine. June 4, 2020 The Covid-19 pandemic has turned the whole world upside down and has had major impact on production......

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Polycab India Delivers Healthy Underlying Performance Across all Business Segments

wirecableJune 1, 2020October 31, 2020

June 1, 2020October 31, 2020

Polycab India Limited has announced its consolidated results for the fourth quarter and full year ended March 31 2020. May 30, 2020 Net profit of Polycab India rose 52.40% to Rs 213.94 crore in the quarter ended March 2020 as against Rs 140.38 crore during the previous quarter ended March......

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LS Cable & System Acquires International Certification for Photovoltaic Cables

wirecableMay 30, 2020June 5, 2020

May 30, 2020June 5, 2020

LS C&S’s DC 1500V photovoltaic cable meets the functional and safety standards of the IEC (International Electrotechnical Commission) and EN (European Norm). May 28, 2020 LS Cable & System has developed a photovoltaic cable that has received international standard certification from Germany’s TUV Rheinland, a global certification authority. TUV said......

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IndiGrid Inks Pact to Purchase Jhajjar KT Transco for INR 310 Crore

wirecableMay 30, 2020May 30, 2020

May 30, 2020May 30, 2020

The transaction is expected to be completed over the next few months. May 30, 2020 IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines has executed share purchase agreement for the buyout of power transmission line operator Jhajjar KT Transco Pvt. Ltd., for about INR 310 crore, from......

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HFCL Bags Order Worth Rs 174.43 Crores for Supply of Optical Fibre Cables

wirecableMay 28, 2020

May 28, 2020

Domestic telecom gear maker HFCL has bagged orders for supply of optical fibre cables under Bharat Net Phase-II Programme. May 24, 2020 Himachal Futuristic Communications Limited has bagged order worth Rs 174.43cr from a Private Leading Integrator of data networks for the supply of Optical Fibre Cables (OFC). The company......

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Polycab India to Acquire 50% Stake in Ryker From Trafigura

wirecableMay 26, 2020July 15, 2020

May 26, 2020July 15, 2020

The transaction is subject to fulfillment of certain conditions by both parties. May 4, 2020 Cable and wire manufacturer Polycab India Limited (PIL) has inked an agreement with Trafigura Pte Ltd of Singapore to buy 50% stake in Ryker Base Private Limited (Ryker), thereby terminating the existing joint venture (JV). The......

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Anil Ambani Puts up Delhi Power Distribution Businesses for Sale

wirecableMay 26, 2020October 5, 2020

May 26, 2020October 5, 2020

Reliance Infrastructure has hired KPMG to find buyers for its 51% stake each in BSES Rajdhani Power Ltd. (BRPL) and BSES Yamuna Power Ltd. (BYPL), the people said on condition of anonymity. May 12, 2020 At least eight investors, including Caisse de dépôt et placement du Québec (CDPQ), Actis LLP......

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Prysmian: The Road Ahead

wirecableMay 25, 2020October 5, 2020

May 25, 2020October 5, 2020

The COVID-19 crisis will encourage many industries to use more Artificial Intelligence to increase safety and improve productivity. In an interview given to Wire & Cable India, Mr. Benoit Lecuyer talks about the contingency plans the industry is making to handle the coronavirus crisis. Excerpts. Wire & Cable India: According......

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KEC International Bags T&D Orders Worth INR 1203 Crore

wirecableMay 24, 2020May 26, 2020

May 24, 2020May 26, 2020

Infrastructure firm KEC International has bagged orders worth INR 1,203 crore across various businesses. May 19, 2020 RPG Group company’s power transmission and distribution segment – its T&D business and SAE Towers have secured orders worth INR 917 crore for transmission and distribution (T&D) projects in India, Bangladesh, Africa and......

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ICRA Revises Steel Industry Outlook to Negative, Estimates Demand Fall by 20 Percent in FY21

wirecableMay 21, 2020May 21, 2020

May 21, 2020May 21, 2020

According to official data, India consumed 100 million tonnes of steel during financial year ended March 2020. May 19, 2020 Rating agency ICRA has revised steel industry outlook to negative from stable as back-to-back extensions of lockdown is likely to result in a severe steel demand slowdown which is estimated......