Category : News

Prysmian, Nexans and eight other cable companies on July 12 lost their challenge against an EUR 302 million (USD 353 million) EU cartel fine. July 12, 2018 Investment bank Goldman Sachs , the world’s biggest cablemaker Prysmian , Nexans and eight other cable companies on July 12 lost their challenge......

Karnataka has emerged as top state in installing renewable energy overtaking Tamil Nadu, which had long been India’s top renewable energy performer. July 25, 2018 The Institute for Energy Economics and Financial Analysis released a report in which it was revealed that Karnataka is the leading state for generating renewable......

Sterlite Power secured 6 projects at an investment of roughly USD 1 bn, securing about 65 percent of the capex under auction. July 12, 2018 In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly......

The ruling came on a complaint filed by a North Western Railway official alleging that 37 entities had formed a cartel for supply of railway signaling cables and that they quoted high rates. July 18, 2018 The Competition Commission has rejected allegations of unfair business practices made against 37 railway......

With the completion of the transaction, General Cable has become a privately held company, and therefore its shares will no longer be listed on the NYSE or any other public market. June 6, 2018 Prysmian Group and General Cable Corporation on June 6 announced that Prysmian has completed its acquisition......

The plan is to expand the SETIC plant in Changzhou with a significant investment in infrastructure and enlargement of the whole production area. July 18, 2018 Sampsistemi, a company part of the SAMP Group, has announced the expansion of its operations in the China based subsidiary Sampsistemi (Shanghai) Co. Ltd.......

The Japanese corporation agreed to buy 49 percent stake in its Indian joint venture ‘Mukand Sumi Special Steel Ltd’ for INR 1,181 Cr. July 2, 2018 Mukand Sumi Special Steel Limited, which is a leading specialty steel supplier for the fast growing automotive and engineering industries, will retain 51 percent......

Nexans has been awarded a major contract by Rexel to supply lead-free HYPRON® cables for Oman’s Liwa Plastics Industries Complex (LPIC) project. July 24, 2018 Oman Oil Refineries and Petroleum Industries Company (Orpic) is aiming to meet this demand with its USD 4.5 billion Liwa Plastics Industries Complex (LPIC) project......

This is the largest contract won by a Korean cable manufacturer in Australia. July 3, 2018 LS Cable & System announced on the 3rd of July that it had signed a large contract with Western Power of Australia to supply power cables. This is the largest contract won by a......

The link made history in December when it conducted the first exchange of electricity between the islands of Newfoundland and Nova Scotia. June 14, 2018 ABB has completed a 500 MW high-voltage direct current link in Canada. The Maritime Link will be operated by Emera, an energy and services company......