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Withdrawal of Copper Export Incentive Puts Copper Producers in Jittery

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The withdrawal, effective from April 1, 2015, has made the country’s copper exports globally uncompetitive, they say. March 28, 2015 In a move to meet the global competency, key copper producers have joined together seeking incentivisation of duty on exports of refined copper. A public sector company Hindustan Copper and......
NewsWire & Cable News

Suprajit to Buy Phoenix Automotive Lamp

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Phoenix Lamps makes automotive lighting for Indian and foreign auto firms May 06, 2015 Auto cable manufacturer Suprajit Engineering Ltd. recently said it will buy 51-61.88 percent in Phoenix Lamps Ltd. from Argon India Ltd. Mauritius and Argon South Asia Ltd, Mauritius, at Rs.89 a share that has a face......
NewsTransmission, Distribution & Infrastructure

PGCIL Nominated to Develop 20,000 MW Green Corridor

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Centre bypasses bid route to award PGCIL the next phase of Bhuj-Banasthali-Chittor-Ajmer green corridor March 26, 2015 The NDA government’s emphasis on the auction route for awarding core sector contracts notwithstanding, state-owned Power Grid Corp (PGCIL) has been nominated to develop green transmission corridors for 20,000 MW of upcoming solar......
NewsTransmission, Distribution & Infrastructure

Reliance Industries’ Capital Commitment for Telecom Business Stands at Rs. 88,000 Crore

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Reliance Jio has so far deployed about Rs. 52,400 crore as of March 31 April 21, 2015 Reliance Industries (RIL) has so far committed Rs. 88,000 crore (USD14 billion) of capital to its telecom business, as per sources. This does not include the Rs. 10,077.53 crore the telecom subsidiary, Reliance......
NewsTransmission, Distribution & Infrastructure

Indian Railways as Cable and Internet Provider

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RailTel would be eyeing mostly the non-metro areas not considered by many MSOs as profitable April 23, 2015 Indian Railways is set to become your neighborhood cable and broadband service provider. Its arm RailTel Corp would soon take the project nationwide, which till now was being tested in southern states.......
NewsTransmission, Distribution & Infrastructure

Andhra Govt.’s Rs.22,600 Cr. Investment for Fortifying Energy Infrastructure

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The investment is recognition of power’s key role in state gross domestic product April 20, 2015 The State Government has decided to make investment of Rs. 22,600 Crores in various sectors of Generation, Transmission, Distribution, Renewable Energy and Energy Conservation in the year 2015-16. They include Rs. 1500 crore for......
NewsTransmission, Distribution & Infrastructure

9000 Mile Long Undersea Cable Project Worth USD 250 Begins

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The South East Asia-U.S. system, the undersea cable, will link five areas and territories April 14, 2015 The USD 250 million undersea fiber-optic cable project that will add capacity to the growing Internet traffic between Asia and the U.S. mainland — via Guam and Honolulu — has started, GTA Teleguam......
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