Engineering
L&T bets on capex by big companies, sunrise sector demand
While the public sector continues to dominate its order book, the infrastructure major is witnessing demand from sunrise sectors such as semiconductors and data centres as well. "Our order book is more biased towards central and state governments, but the private sector is now picking up," deputy managing director and president Subramanian Sarma said.
BHEL, Nuovo Pignone International join hands to bid for compressors train revamp projects
BHEL has signed a 10-year agreement with Italy's Nuovo Pignone International to collaborate on compressor revamp opportunities in India's fertilizer sector. The partnership aims to enhance BHEL's market share in the renovation and modernization business, with a 50% business share, focusing on improving compressor systems in the sector.
Naxnova Technologies introduces India’s first flexibleprinted electronics R&D centre
Naxnova Technologies launches India's first Flexible Hybrid Printed Electronics R&D Centre, heralding a significant leap for the nation’s innovation sector. The centre will foster cutting-edge research in smart sensors and flexible circuits, advancing industries like automotive, medical wearables, and aerospace.
Larsen & Toubro wins large orders in India, overseas
Larsen & Toubro (L&T) has secured significant orders in both domestic and international markets. These include a gas-insulated substation and a transmission line project in India, as well as 380kV overhead line installations in Saudi Arabia. Additional projects have been awarded in the UAE, Qatar, Oman, and further orders within India.
Premier Bearings aiming at Rs 500 crore revenue over 5 years
Premier Bearings aims to achieve Rs 500 crore in revenue over the next five years, up from Rs 280 crore projected for the current fiscal year ending March 31. The company, led by founder Surendra Choraria, caters to the steel, cement, paper, and mining sectors, with a significant demand for bearings coming from western and southern India.
BEML gets Rs 405 cr order from Bangalore Metro
BEML has secured a Rs 405 crore contract from Bangalore Metro Rail Corporation Limited for supplying seven additional metro trains under the Bangalore Metro Rail Project Phase 2. This order will raise the total trainsets from 53 to 60, reinforcing BEML's commitment to indigenous metro solutions aligned with the Aatmanirbhar Bharat vision and enhancing the metro network's efficiency and reliability.
L&T bags '$4-billion' project order from QatarEnergy LNG, its biggest ever
Larsen & Toubro has secured its largest single order worth around $4 billion from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project. This order surpasses their previous high-value project and involves constructing two large gas compression systems and associated structures. L&T refers to this as an 'ultra-mega' project, marking a significant achievement for the company.
L&T wins its largest order till date as QatarEnergy LNG gives 'ultra-mega' contract
L&T has won its largest offshore hydrocarbon contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project. Though the contract value is undisclosed, it falls under the ultra-mega category above Rs 15,000 crore. L&T shares responded positively, trading 0.5% higher.
Larsen & Toubro elevates Subramanian Sarma as Deputy Managing Director, President
Larsen & Toubro elevates Mr. Subramanian Sarma to Deputy Managing Director & President effective from April 2, 2025. His term extends to February 3, 2028, subject to shareholder approval. Chairman S.N. Subrahmanyan commends Mr. Sarma's transformative role in the Hydrocarbon and Energy businesses.
French firm Systra accuses MMRDA of corruption, seeks diplomatic intervention
French engineering firm Systra has alleged corruption and delays by the Mumbai Metropolitan Region Development Authority (MMRDA), citing undue financial demands and stalled payments. The French embassy has sought intervention, while MMRDA dismisses the claims as baseless and has issued a termination notice to Systra.
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Schneider Electric plans to open 3 more plants in India
Schneider Electric plans to open three new manufacturing plants in India, located in Kolkata, Hyderabad, and Ahmednagar. The company's focus includes leveraging AI and digitization to drive growth in India's energy sector, with significant investments aimed at supporting India's digitalization, sustainability, and infrastructure modernization efforts.
Siemens looks to increase factory capacity under Make in India initiative: Official
Siemens is enhancing its factory capacity under the Make in India initiative to meet local and global demand for power and rail infrastructure. With Rs 9,000 crore investments since 2015 and an additional Rs 1,100 crore planned, Siemens aims to support India's economic goals and infrastructure modernization.
Crompton looks to join billion dollar sales club in FY25, launches new vision
Crompton Greaves Consumer Electricals aims to cross USD 1 billion in sales this fiscal, driven by its Crompton 2.0 strategy focusing on innovation and consumer-centric products. The company is expanding into new segments and introducing energy-efficient technologies in fans, pumps, and lighting, aiming to double turnover in five to six years.
Larsen & Toubro secures large order from Hindalco to set up alumina refinery in Odisha
Larsen & Toubro has received a significant order from Hindalco to construct an 850 KTPA greenfield alumina refinery in Odisha. The order, worth between Rs 2,500 crore and Rs 5,000 crore, involves engineering, manufacturing, supply, and installation, in collaboration with renowned technology providers.
BHEL bags Rs 6,700 cr order from Singareni Collieries
Bharat Heavy Electricals Ltd (BHEL) has secured a 6,700 crore order from Singareni Collieries Company to develop an 800 MW thermal power unit in Telangana. The project, based on EPC (Engineering, Procurement & Construction), will be established next to existing units, with BHEL handling design, manufacturing, and commissioning.
Titagarh Rail bags Rs 537-crore order from Adani Cement
Titagarh Rail Systems Ltd has secured a Rs 537.11 crore contract from Ambuja Cements and ACC Ltd to supply 16 specialised freight rakes. These will include wagons for transporting fly ash and cement, aiming to increase logistics efficiency. Deliveries are scheduled between January 2026 and March 2027.
