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Consumption of Stainless Steel in India Grew by 11 Percent: ISSDA

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According to ISSDA, the stainless steel consumption in India has increased from 4.02 million tonnes in FY23 to 4.46 MT in FY24, registering a growth of about 11 percent over FY23, including both flats and longs. The country’s per capita consumption of stainless steel increased from 2.25 kg in FY19......
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Singapore, Vietnam Firms Consider USD 150 Million Undersea Cable Project

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The project, estimated to be worth USD 150 billion, would link Vietnam with Singapore, a critical regional hub for data infrastructure. Dec 16, 2024 Singapore-based global asset manager Keppel is holding discussions with Sovico Group, a Vietnamese conglomerate, to build a new undersea fiber-optic cable worth USD 150 million that......
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Taihan Secures USD 97.56 Million Power Grid Contract in Singapore

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The project involves a full turnkey operation for the establishment of a 230kV ultra-high voltage power grid. Taihan will be responsible for the entire process, including the production, installation, connection, and testing of Oil-Filled (OF) cables and power equipment. Dec 13, 2024 Taihan Cable & Solution has signed a contract......
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Taihan Secures USD 76.96 Million EHV Power Grid Project in Sweden

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Taihan will construct an extra-high-voltage 420kV underground power grid, the highest voltage for underground cables in Sweden, in collaboration with Svenska kraftnät, Sweden’s state-owned power authority. Dec 12, 2024 Taihan has entered into an agreement worth around USD 76.96 million with Svenska kraftnät, Sweden’s state-owned power authority, to construct an......
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Sterlite Power Raises INR 725 Crore from GEF Capital Partners, ENAM Holdings

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The funds will be used for the ongoing capex expansion and drive strategic growth initiatives by enhancing production capabilities, accelerating new product development, and expanding presence across key international markets. Dec 16, 2024 Sterlite Power has successfully raised INR 725 crore in a primary fundraise round from GEF Capital Partners......
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Apar Industries Opens New Testing and Research Centre in Dadra and Nagar Haveli

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APAR Testing and Research Centre will create new products and enhance existing ones, apart from conducting rigorous testing to ensure that all products of Apar Industries Limited meet the highest standards of quality and performance. Dec 13, 2024 Apar Industries Limited, leading global manufacturer and supplier of conductors, transmission cables,......
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Telecom Egypt Lands Africa-1 Subsea Cable System in Egypt

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Telecom Egypt and Alcatel Submarine Networks have announced the successful landing of the Africa-1 subsea cable system in Egypt’s cable landing station on the Red Sea. The subsea cable stretching over 10,000 kilometers with 8 fiber pairs, aims to enhance global connectivity while significantly bolstering broadband traffic capacity. Nov 6,......
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Serentica to Invest INR 50,000 Crore for 10,000 MW Renewable Energy Projects in Rajasthan

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The company has a current capacity of 3,000-Megawatt peak of renewable energy capacity which is under construction in Rajasthan. An additional 400-Megawatt peak is operational, highlighting the company’s ongoing contribution to the state’s energy landscape. Dec 10, 2024 Serentica Renewables has announced INR 50,000 crore investment to develop 10,000 MW......
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Kalpataru Projects International Bags Orders worth INR 2,174 Crore

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Kalpataru Projects International Limited and its subsidiaries have secured new orders totalling INR 2,174 crore. These include an elevated metro rail project in India, transmission & distribution projects in India and overseas, and residential building projects.  Dec 10, 2024 Kalpataru Projects International Limited (KPIL), along with its international subsidiaries, has......
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Japan’s NYK Obtains Approval in Principle for the Long-Distance Subsea Cable-Laying Vessel

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As part of a four-company consortium with Sumitomo Electric Industries Limited, Furukawa Electric Co. Limited, and Mitsui O.S.K. Lines Limited, NYK Group has been participating in the development of construction methods for the installation of cable protecting systems and the development of new cable-laying vessels. The projects are subsidized by......
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