January 29, 2022

Wire & Cable India

Tag : Investment

News

Van Merksteijn to Build New Steel Wire Rod Mill in the Netherlands by 2024

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After obtaining the required environmental approval, the wire producer has resumed its plans to build the wire rod plant in Eemshaven, the Netherlands. The estimated investment is EUR 300 million. January 24, 2022 Netherlands-based wire products supplier Van Merksteijn International (VMI) has announced its plans to build a new Greenfield......
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STL Poised for Growth; Declares Wins in New Markets and Accelerates Investments in 5G

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“We are confident that, in the near future, we will deliver the most advanced solutions in the areas of 5G, FTTx and rural connectivity and transform billions of lives through digital networks,” says Ankit Agarwal, Managing Director, STL. January 24, 2022 With its focused global expansion strategy, STL reached a......
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Subsea Cable Manufacturing Facility of USD 174.9m to Start in Northumberland

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The upcoming state-of-the-art subsea cable manufacturing facility is projected to boost the UK offshore renewables sector. October 1, 2021 The subsea cable manufacturing projects, in Cambois, Northumberland, are being developed by global supplier JDR Cable Systems, part of TFK Group, with support from Westminster. Subject to final agreements, the construction......
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Government Plans for India to be a Data Centre Hub with an Incentive of INR 12,000 crore

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Under the proposed data centre scheme, there will be a specified percentage of incentive given to companies deploying domestically manufactured servers. The scheme is going to be an affirmative influence and will boost the growth of the Indian wire and cable industry. August 25, 2021 The Government of India is......
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LS Cable & System Invests USD 161 Million in Submarine Cable Business

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Construction will begin in October 2021, and end in April 2023. LS Cable & System’s submarine cable production capacity will increase more than 1.5 times. July 27, 2021 LS Cable & System has announced that it would expand its submarine cable business by investing an additional USD 161 million (KRW......
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Reliance Industries to Invest INR 75000 Crore in Clean Energy, to Build 4 Giga Factories

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RIL will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors. June 25, 2021 Reliance Industries Limited’s Chairman Mukesh Ambani has announced that the RIL will invest INR 75000 crore in a new green and clean energy business over......
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Adani Group to Add 5 GW Green Energy a Year for the Next Decade

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In a letter to the investors of Adani Enterprises, Mr. Gautam Adani, Chairman of Adani Group affirmed that the group is in sync with India’s aspiration of becoming the world’s top renewable players. July 03, 2021 In a letter to Adani Enterprises shareholders, Group Chairman Mr. Gautam Adani said the......
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India’s Renewable Energy Sector Gets USD 70 Billion Investment in 7 Years

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This huge investment exhibits significance in view of India’s ambitious target of having 175GW of renewable energy by 2022 —and will bring in huge opportunities for wire and cable manufacturers in the country. June 29, 2021 While addressing at an event on ‘Accelerating Citizen Centric Energy Transition’, Power Minister Mr.......
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Rajratan Global Wire Plans Capacity Expansion With Investment of INR 250 Crore in Next 3 Years

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The company is setting up a plant in Chennai to serve local and overseas customers and is increasing capacity in Thailand by 50%. June 29, 2021 Rajratan Global Wire Limited, one of the leading three bead wire and steel wire manufacturers for automotive tyres in India, is investing INR 250......
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Indian Railways to Invest Rs 55000 Crore on Modernization of Signalling and Telecommunication

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Indian Railways plan to use the spectrum allocation to provide long-term evolution (LTE) based mobile train radio communication for seamless communication between its running staff, the traffic controller, and maintenance personnel to enhance safety and security. June 16, 2021 Indian Railways has envisaged an investment of about Rs. 55,000 crore......