Engineering
Be ready for 'massive changes' in ecosystem: SN Subrahmanyan
"The future is closer than you think. There are basic and massive changes occurring in the ecosystem, energy change, sustainability as a way of life and digitalisation is impacting every aspect of business. We must be future ready," said S N Subrahmanyan, in his letter to the employees after taking charge of L&T on October 1.
MEIL bags order worth $648 million for oil refinery in Mongolia
Megha Engineering and Infrastructures Ltd (MEIL) has secured a $648 million work order in Mongolia from Mongol Refinery State Owned LLC. The agreement was signed between the two companies at Ulaanbaatar in Mongolia. As part of the contract, MEIL will build a diesel hydrotreater unit, hydrocracker unit, and various other units of Mongolia’s first oil refinery.
Texmaco installs highest capacity Gantry Crane at Subansiri Lower Hydroelectric Project
Deputy Managing Director of the company Sudipta Mukherjee said, "We are happy to announce the successful inauguration and operation of India's highest capacity Gantry Crane at the Subansiri Lower Hydroelectric Project. Texmaco Rail & Engineering Limited continues to push the boundaries of innovation and engineering excellence…We are proud to be part of India's journey towards harnessing clean and sustainable energy through projects like this."
Autocracy Machinery raises USD 1.2 million funding in seed round led by Venture Catalysts
Founded in 2020 by IITian Santhoshi Buddhiraju and serial entrepreneur Laxman Vallakati, Autocracy caters to multiple sectors such as agriculture, telecommunications, landscaping, irrigation, civil engineering and infrastructural development. Presently, India imports heavy-duty machinery that is not optimised for the Indian use case. Imports result in cost escalation and often cause significant down-times due to a fractured consumables supply chain and an untimely maintenance regime.
GG Engineering, Integra Essentia get board approvals to execute merger plan
The board believes the consolidation would create a larger and stronger entity. It will help to pool in the experience, expertise, resources and client base of the two companies and offer a larger bouquet of life essential products, FMCG goods, energy & infrastructure products, it added.
SC upholds BHEL's decision to award Rs 400-cr tender to BTL
The Supreme Court has upheld Bharat Heavy Electricals Ltd's decision to award a Rs 400-crore tender to BTL EPC Ltd for setting up an ash handling plant. The court set aside a Karnataka High Court's order that had quashed the tender, stating that substantial work had already been done on the project. The High Court had quashed the tender due to concerns over national security, as BTL EPC had a consortium agreement with Chinese company Fujian Longking Co. The Supreme Court rejected the argument, stating that BHEL had determined the eligibility and found no breach.
BHEL bags order from NHPC for Hydro Project, Dibang Multipurpose Project
State-owned Bharat Heavy Electricals Limited (BHEL) on Monday announced that it has bagged an order from NHPC for its 2,880 MW Dibang multipurpose project in Arunachal Pradesh. The order for the electro-mechanical (E&M) work for the project has been bagged against a stiff competition under international competitive bidding, BHEL said in a statement.
Shakti Pumps gets Rs 350-crore work order under PM-KUSUM scheme
The scheme consists of three components - Component A is for installation of 10,000 MW of solar capacity by installing small power plants of capacity up to 2 MW and Component B to install 20 lakh standalone solar-powered agriculture pumps.
Punj Lloyd fails to attract any bidder in second round of e-auction
Debt-ridden engineering company Punj Lloyd has failed to attract any buyers in the second round of e-auctions conducted by its liquidator. The auction, conducted on the directions of the National Company Law Tribunal, had a reserved price of Rs 1,061 crore on a going concern basis. This comes after the company also failed to find buyers in the first round of e-auctions.
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Engineers India teams up with Australia’s Sunrise CSP group for energy projects
“Together we aim to deliver the clean heat of the sun to industrial production at all scales and all temperatures – from heating and cooling a major cancer hospital as we are in Gujarat today, to making vital chemicals like hydrogen & ammonia, to national-scale power solutions delivering electricity on-demand,” Artur Zawadski, CEO of Sunrise CSP, said.
Patel Engineering, JV bag Rs 3,637 crore contract from NHPC
"Patel Engineering along with the JV partner has received letter of award for Dibang Multipurpose Project for construction of civil works for Lot-4 from NHPC Limited," the filing said. The partnership will be a 50:50 one and the contract includes construction of head race tunnels including intake, pressure shafts, penstocks, power house and transformer cavern.
Punj Llyod fails to get bids in second auction
Punj Lloyd, a debt-ridden engineering company, has failed to receive bids in the second e-auction for its sale. The reserve price was deemed too high, and the sale price was inflated by intangible assets with uncertain realization timeframes. The liquidator, appointed by NCLT, will need to approach the shareholders' consultative committee to reconsider the reserve price.
Bharat Electronics bags orders worth Rs 3,289 cr
Navratna defence PSU Bharat Electronics Limited (BEL) has received new defence and non-defence orders worth Rs 3,289 crore during July and August 2023 (till date). The orders are for supply of Low Level Light Weight Radars, SONARS, IFF Systems, SATCOM Systems, EO/IR Payloads, TRM/DTRMs, Jammers, Encryptors, Data Link Systems, Fire Control Systems, Radars for Directed Energy Systems, Semi Rugged Telephone Exchanges, Software Defined Radios and various others types of radios, Electronic Voting Machines, AMC and Spares, the company said.
BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission
State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants. These selective catalyst reactors (SCR) were hitherto being imported and this is a significant milestone under the 'Make in India' initiative of the government, a BHEL statement said.
Meritor acquisition: CCI levies Rs 10 lakh penalty on Cummins
The Competition Commission of India (CCI) has levied a penalty of Rs 10 lakh on Cummins for failing to notify the regulator about the acquisition of sole control of Meritor. The transaction pertains to the acquisition of sole control of Meritor by Cummins by way of reverse triangular merger, where Rose NewCo Inc, a company newly incorporated by Cummins, merged with and into Meritor, and the latter survived as a directly wholly-owned subsidiary of Cummins, the CCI said in an order.
