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Southwire to Acquire Resideo’s Genesis Wire & Cable Business

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Southwire Company and Resideo Technologies recently announced a definitive agreement for the sale of Resideo’s Genesis Wire & Cable business. Subject to customary closing conditions, the transaction is expected to close in the next 30 days.  Sep 19, 2023 Southwire Company, LLC, and Resideo Technologies, Inc. recently announced a definitive......
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KEC International Secures Orders Worth INR 1,028 crore Across Businesses

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Infrastructure engineering, procurement and construction company KEC International Limited bagged new orders worth INR 1,028 crore in the company’s multiple businesses, including the T&D, civil cable businesses. The RPG group’s company’s T&D business secured orders in East Asia Pacific, the Middle East as well as the Americas, and the company’s......
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Allied Engineering Works Sets Up Greenfield Plant for its Cable Business

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“In the new backward integrated plant, we have all kinds of wire drawing units, best-of-class extruders and the latest equipment in place…We can process almost 8-10 tonnes of copper into fine wire every day.” Allied Engineering Works Pvt. Ltd. (AEW) is one of the leading manufacturers and suppliers of cables......
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Suprajit Engineering to Acquire LDC Unit of Kongsberg Automotive for USD 42 million

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The LDC unit of Kongsberg Automotive Group consists of the cable business which is catering to segments like automotive, non-automotive, and two-wheelers in addition to Electro-Mechanical Actuators. The acqusition is expected to be concluded by the end of January 2022. November 11, 2021 Bengaluru-based automotive component supplier Suprajit Engineering has......
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KEC International Wins Order Worth INR 1,829 Crore

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The transmission and distribution segment of the company has attained projects of INR 656 crore for T&D projects in Europe and Americas and the cables segment has secured orders of INR 94 crore. October 25, 2021 KEC International has recently secured new orders of INR 1,829 crore across its various......
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Apar Industries’ Cable Division Reports Revenue of Rs. 1270 Crores for FY2021

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With 19% of the total revenue for FY21 contributing to the cable business, Apar Industries maintained a good growth trajectory— specifically with a 21.2% YoY revenue gain from OFC/telecom cables and exports. June 3, 2021 Apar Industries has reported consolidated revenue of Rs. 6405 crores during the 12-months period ending......
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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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