T&D News
Union Budget might feature new scheme for power discoms
The upcoming Union Budget might feature a new scheme aimed at the power distribution sector, according to R.K. Singh, Minister of State (Independent Charge) for Power and Renewable Energy quoted widely in the media.
Siemens to acquire C&S Electric in Rs.2,100-crore deal
- Jan 25, 2020
Siemens Ltd, on January 24, 2020, signed an agreement to acquire New Delhi-based C&S Electric Ltd. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies, a release from Siemens said.
Panasonic Life Solutions to set up manufacturing unit in Sri City, AP
- Jan 11, 2020
Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Life Solutions Company plans to invest more than Rs.600 crore in India. The initial investment of Rs.294.70 crore has been committed for setting up the electrical equipment material and wiring device manufacturing facility spread over 133,546 sqm at Sri City, Industrial Park, Andhra Pradesh.
AIIB to finance power T&D project in Assam
- Nov 15, 2019
Asian Infrastructure Investment Bank is considering a proposal to finance a power transmission and distribution upgrade programme in Assam, according to D.J. Pandia, Vice President and Chief Investment Officer, AIIB. Pandian was recently addressing a media briefing in Mumbai.
Schneider Electric opens its First Smart Distribution Centre in India
- Nov 11, 2019
Schneider Electric, on November 11, 2019, opened its first Smart Distribution Centre in India. The Smart Distribution Centre, located in the commercial hub of Mumbai, has been digitally transformed with Schneider Electric’s EcoStruxure architecture to be more energy efficient and provide real time access to information right across the supply chain. Early results from this digitization initiative are showing expected energy savings of 10 to 12 per cent and an increase in logistics efficiency of 5 per cent at the site.
Aditya Birla Group to form JV with MR Group for composite insulators
- Oct 23, 2019
Grasim Industries Ltd, part of the Aditya Birla Group, has signed a definitive agreement to form a joint venture company (JVC) in India with Maschinenfabrik Reinhausen GmbH (MR) of Germany for the manufacturing and sale of composite hollow core insulators (CHCI) to serve the power transmission and distribution industry globally.
EESL forms joint venture with NIIF for smart meters
- Oct 15, 2019
Energy Efficiency Services Ltd (EESL) and National Investment and Infrastructure Fund (NIIF) have announced a new joint venture, IntelliSmart Infrastructure Pvt Ltd (“IntelliSmart”), to implement, finance and operate the smart meter rollout program of power distribution companies.