Investment - Page 2 of 4 - Wire & Cable India
April 24, 2024

Wire & Cable India

Tag : Investment

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Prysmian Group to take up new R&D projects in Telecom and Power Sector with support from EIB

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The financing represents about half of the investments Prysmian Group has planned in Europe through 2024. February 18, 2022 Prysmian Group has announced the finalisation of the financing of EUR 135 million (~USD 153.68 million) from the European Investment Bank (EIB). The funding is primarily aimed at supporting the Group’s......
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KT to be a part of Submarine Cable Project Connecting Asia

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KT has signed a Memorandum of Understanding with real estate consulting firm Savills Korea. The six countries that will be linked are, namely, South Korea, Japan, Taiwan, Indonesia, Singapore, and the Philippines. February 9, 2022 South Korea-based telecommunication company KT Enterprise, a brand of KT Corporation, is planning to take......
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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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