Wire and Cable Industry News - Wire & Cable India
May 7, 2024

Wire & Cable India

Category : News

News

Motherson Sumi to Acquire Majority Stake in Turkey-based Plast Met Group

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This acquisition marks another step towards the growth and diversification of Vision Systems vertical and the group overall. January 18, 2021 Motherson Sumi Systems Ltd. has announced acquisition of 75 percent stake in two Turkish automotive parts manufacturing companies of the Plast Met Group through its subsidiary Samvardhana Motherson Reflectec......
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KMT Acquires NKT’s Recycling Business in Stenlille in Denmark

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KMT has acquired NKT’s recycling business in Stenlille in Denmark and the parties have enter into an agreement on continued recycling of cables. January 18, 2021 NKT and Kabel Metall & Trafo Gjenvinning AS (KMT) has a joint ambition to further develop the sustainable recycling of metals and plastics in......
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Work on Varanasi-Delhi Bullet Train Project Gains Momentum

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The work on Varanasi-Delhi bullet train project has gained momentum — and is anticipated to bring in huge infrastructural upsurge and drive the demand for wires and cables. January 11, 2021 Over three years after Prime Minister Narendra Modi laid the foundation stone of India’s first 508-km Mumbai-Ahmedabad High-Speed Rail......
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HFCL to Invest INR 125 Crore Into R&D to Bag Civilian and Defence Market Share

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HFCL has a good order book of about INR 7,500 crore, which is double the revenue of last year. January 18, 2021 Telecom infrastructure provider HFCL is planning to invest INR 125 crore in its R&D in 2020-21 in a bid to capture a large chunk of the INR 40,000......
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India-Japan MoU: 5G Tech Agreements to Enhance Collaboration in Information and Communication Sector

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Union Minister Ravi Shankar Prasad and Japanese Minister Takeda Ryota signed an MoU in the field of Information and Communications via video conferencing. January 19, 2021 India and Japan have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the field of Information and Communications. The agreement incorporates technologies......
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PM Modi Lays Foundation Stone of Ahmedabad-Surat Metro Projects

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The Ahmedabad Metro Rail Project Phase-II and Surat Metro Rail Project are anticipated to draw a large-scale infrastructural development, bringing in newer opportunities and drive the demand for wires and cables. January 18, 2021 Prime Minister Narendra Modi has laid foundation stone of two metro-rail projects — Ahmedabad Metro Rail......
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Ayodhya to Get Ropeway Connecting Airport, Rail Station and Bus Stand With Ram Mandir

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The ropeway project worth INR 1200 crore and the new airport in Ayodhya are anticipated to draw a large-scale infrastructural development, and will bring in newer opportunities and drive the demand for wires and cables. December 20, 2020 The ropeway project, worth INR 1,200 crore, will be executed by Swiss......
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Larsen & Toubro Wins Significant Contracts for its Metallurgical and Power Transmission Business

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According to Larsen & Toubro’s project classification criteria, the project amount stands somewhere between INR 1,000 crore to INR 2,500 crore. January 13, 2021 Larsen & Toubro has won orders for construction of metallurgical plants and power transmission and distribution projects. The company did not specify the exact value of......
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Government’s 50 Key Projects Worth INR 2 Lakh Crore to Give Huge Infrastructure Push

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With PMO’s regular monitoring of the progress of all the projects — with some being the mega projects, a huge infrastructural upsurge is imminent in the country. Such large-scale infrastructural growth will bring in newer opportunities and drive the demand for wires and cables. December 31, 2020 The government has......
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LS Cable & System Completes Construction of Its First Plant in Africa

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The company is expanding in overseas markets by making direct investments in regional economic blocks around the world. It has started supplying cables to Egyptian Electricity Transmission Company for the new power grids being built for upcoming towns. January 14, 2021 LS Cable & System’s President  & CEO, Mr. Myung......
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