Wire and Cable Industry News - Wire & Cable India
Wire & Cable India

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News

MTNL Shareholders Approve INR 6500 Crore NCD Issue, Monetization of Land and Buildings

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During the extraordinary general meeting of Mahanagar Telephone Nigam Ltd (MTNL), 99.89 votes were cast in favor of the issuance of guaranteed, unsecured, listed, redeemable non-convertible debentures in the nature of bonds (NCDs), in one or more series/tranches, aggregating up to INR 6500 crore on private placement basis. January 9,......
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Polycab Opens First Ever Polycab Experience Centre in Mumbai’s Iconic Lohar Chawl

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The company also plans to invest around Rs 150-200 crore every year to increase the capacity in the consumer product segment. October 1, 2019 Polycab India Limited has inaugurated its first-ever Polycab Experience Centre in the country in Lohar Chawl – Mumbai’s largest iconic wholesale market for electrical goods. Mr.......
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SunAlpha Energy Commissions 1200kW Solar Project for Dynamic Cables

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The rooftop solar project—commissioned under Rajasthan’s solar net-metering policy—will meet about 30% of Dynamic Cables’ energy requirement. October 10, 2019 Rajasthan-based Dynamic Cables, a global manufacturer and supplier of cables and conductors, has partnered with SunAlpha Energy to set up 1200kW of rooftop solar power project at its manufacturing units......
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Panasonic Life to Invest INR 600 Crore to Establish Production Unit in Andhra Pradesh

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Panasonic Life Solutions is looking at USD 1 billion in sales by FY22. This, inci-dentally, is almost double the turnover of INR 3,615 crore that it reported in FY19. Panasonic Life Solutions India (formerly Anchor Electricals), which is into switchgear, wires, wiring devices, lighting solutions, and the home automation segment,......
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Prysmian Launches Breakthrough Innovation in Submarine Cable Industry

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The same cable technology will also be used in 2020 for the Crete-Peloponnese submarine interconnection project, which requires an installation depth of about 1000m, allowing a strong reduction in installation risks compared with metallic armored cables. September 19, 2019 Prysmian Group, world leader in the energy and telecom cable systems......
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Essex, Furukawa Electric Agree to Joint Global Venture

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The combined company will operate as Essex Furukawa Magnet Wire, LLC, using the “Essex Furukawa” brand. September 27, 2019 Superior Essex Inc., the parent company of Essex Magnet Wire, and Furukawa Electric Co., Ltd., both leaders in magnet wire product development, and custom solutions, has announced that the boards of......
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Telecom Giants Look to Invest Over USD 30 Billion to Setup Infrastructure for 5G Network

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Vodafone and Bharti Airtel are expected to invest approximately USD 10 billion capex each in the next five years. September 30, 2019 India’s top three telecom operators are looking at a collective capital expenditure of a shade over USD 30 billion on base stations and fiber infrastructure alone for rolling......
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