T&D News
Budget 2019 is a balanced one: IEEMA
Industry body Indian Electrical & Electronics Manufacturers Association (IEEMA) has welcomed the Union Budget 2019 as a balanced budget. It mainly focused on India’s current power situation and also emphasised on steps that the government has taken to resolve issues concerning the power sector, a statement by IEEMA said.
Kalpataru Power to divest stake in power transmission assets
- Jul 4, 2019
Kalpataru Power Transmission Ltd (KPTL) announced that it has entered into binding agreements with CLP India Pvt Ltd to sell its stake in three power transmission assets, in a deal that is estimated at Rs.3,275 crore. The transaction is subject to requisite approvals and compliances.
Siemens builds Protection Automation and Control Laboratory for PGCIL
- Jul 2, 2019
Siemens Ltd has set up the Protection Automation and Control Laboratory, an integral part of POWERGRID Advanced Research and Technology Centre (PARTeC) for Power Grid Corporation of India Ltd. The laboratory, located in Manesar, Haryana, is the first of its kind in India. The project was implemented meeting critical time schedules, a statement by Siemens said.
Share of power T&D inches up in PFC’s loan book
- May 29, 2019
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March 31, 2018. Rajeev Sharma, Chairman & Managing Director, PFC, highlighted this point during a press conference in Mumbai on May 29, 2019, held to discuss the company’s audited financial results for the fiscal year 2018-19.
“Anchor” changes corporate entity, but will continue as brand
- Apr 10, 2019
After over a decade of having taken over by Panasonic of Japan, Anchor Electricals Pvt Ltd announced that it would now be known as “Panasonic Life Solutions India Pvt Ltd.” The 50-year old “Anchor” brand, a traditional leader in the wiring devices space, will however continue. The change in corporate identity is effective April 1, 2019.
Sterlite Power completes live-line reconductoring project
- Apr 3, 2019
Sterlite Power, in a statement, said that it has successfully completed India’s first live-line project in Bengaluru. The company successfully undertook the reconductoring of a 66kV transmission line connecting to Bengaluru’s Electronic City under live-line conditions.
Polycab sees opportunities in EHV cable business
- Apr 2, 2019
Polycab India sees good business potential in extra high voltage (EHV) cables, according to R. Ramakrishnan, the company’s CEO. Ramakrishnan was addressing a press conference in Mumbai, ahead of the company’s initial public offering (IPO) of equity shares that is scheduled to open on April 5, 2019.
