Author: MM Desk

Shyam Metalics and Energy Ltd has officially commenced operations at the Ramsarup plant in Kharagpur, marking a significant milestone for the company’s expansion plans. The plant, acquired in May 2022 through its subsidiary Shyam Sel and Power Limited, is poised to become a key player in the region’s industrial landscape. With this development, Shyam Metalics aims to contribute to the socio-economic growth of the area by creating approximately 2,000 job opportunities. Equipped with state-of-the-art infrastructure, the Ramsarup plant features a direct reduced iron (DRI) unit with a capacity of 150,000 tonnes per annum (TPA) and an integrated captive power plant…

Jindal Stainless Ltd has played a pivotal role in strengthening the Indian Navy’s anti-submarine warfare capabilities by supplying 3 mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system. The sheets, developed by Jindal Stainless’ vertical, Jindal Defence and Aerospace, are engineered to withstand high pressure and temperature conditions during flight. These sheets were utilized in the next-generation missile-based lightweight torpedo delivery system, designed and flight-tested by the Defence Research and Development Organisation (DRDO) off the coast of Odisha. Abhyuday Jindal, Managing Director of Jindal Stainless, expressed pride in the successful flight-testing of the Navy’s SMART…

As ABB commemorates a century of pioneering innovation, it proudly celebrates the milestone anniversary of its Miniature Circuit Breaker (MCB), an unsung hero in the realm of electrical safety. Since its inception, the MCB has been instrumental in protecting electrical circuits, evolving continuously to meet the sustainability demands of the future. A Century of Electrical Safety For 100 years, ABB’s MCB has been at the forefront of ensuring the safety of both commercial and residential buildings, mitigating the risk of unforeseen electrical incidents. From factories to data centers, homes to transport infrastructure, ABB’s MCBs have played a crucial role in…

The chain case is a critical component within vehicles. It provides a covering for the chain responsible for power transmission from the engine to the wheels in vehicles. It is engineered to safeguard the chain from external factors such as dirt, debris, and moisture, and is pivotal in ensuring seamless and efficient power transfer. Moreover, it aids in sustaining optimal chain tension, thereby reducing the necessity for frequent lubrication and maintenance, thus enhancing the chain’s lifespan. Additionally, the chain case contributes significantly to overall safety by preventing the chain from encountering the rider or other vehicle parts, mitigating the potential…

Sri Lanka has taken a significant step towards bolstering its renewable energy sector by sealing a 20-year deal with Adani Green Energy for the construction of two wind power stations, as per a cabinet statement released on Tuesday. Adani Green Energy, the renewable energy arm of the Adani Group helmed by billionaire Gautam Adani, received approval last February to invest a substantial $442 million in developing wind power plants with a combined capacity of 484 megawatts. The two wind power stations will be strategically located in Mannar town and Pooneryn village, both situated in Sri Lanka’s Northern province. Under the…

Bajaj Healthcare, a prominent manufacturer of APIs, intermediates, and formulations, has announced the appointment of Dayashankar Patel as the Chief Financial Officer (CFO) of the company. The decision was approved by the company’s board and is effective from May 6, 2024. Dayashankar Patel brings with him a wealth of experience, with over 35 years in handling Internal Audit, Statutory Audit, Tax Audit, and key Accounts and Finance functions. A qualified Chartered Accountant, he has a proven track record of successfully managing leading IPOs. Prior to joining Bajaj Healthcare, he has held positions at reputable companies such as Pramara Promotions and…

CG Power and Industrial Solutions Ltd has announced its standalone profit after tax (PAT) for the January-March 2024 quarter, standing at Rs 240.59 crore. This figure reflects a marginal increase from the Rs 240.23 crore reported for the same period last year. The company revealed these financial results in a statement issued on May 6. In the preceding third quarter, the standalone PAT was reported at Rs 216.47 crore. For the entire fiscal year ending March 31, 2024, the standalone PAT recorded a significant growth of 28 percent, reaching Rs 1,004 crore compared to Rs 785 crore in the previous…

Gland Pharma, a Indian pharmaceutical company, has achieved a significant milestone with the approval of Plerixafor Injection by the United States Food and Drug Administration (USFDA). The approved product, Plerixafor Injection, 24 mg/1.2 mL (20 mg/mL), Single-Dose Vial, is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), MOZOBIL (plerixafor) injection, manufactured by Genzyme Corporation, a Sanofi Company. Plerixafor Injection is a hematopoietic stem cell mobilizer indicated for use in combination with filgrastim to mobilize hematopoietic stem cells (HSCs) to the peripheral blood for collection and subsequent autologous transplantation in patients with non-Hodgkin’s lymphoma or multiple myeloma. This approval…

Va Tech Wabag, a global leader in water and wastewater management solutions, has clinched a significant contract from the Office National De L’assainissement (ONAS) in Tunisia. The repeat order, awarded to a consortium led by Va Tech Wabag, entails the Design, Build, Operate (‘DBO’) of a 36 MLD (Million Liters per Day) Wastewater Treatment Plant (WTP) in Sousse Hamdoun II, Tunisia. Valued at 114.22 Million Tunisian Dinars (approximately Euro 34 Million), the project marks a pivotal development in the company’s endeavors in the North African region. The success in securing this repeat order underscores Va Tech Wabag’s commendable track record…

Gebrüder Weiss, an international transport and logistics company, and the ÖBB Rail Cargo Group (RCG) commemorated three decades of fruitful collaboration with a special event held at the Vienna Central Station. The occasion was marked by Wolfram Senger-Weiss, CEO of Gebrüder Weiss, and Christoph Grasl, a member of the management board of RCG, in the presence of esteemed guests. The highlight of the celebration was the ceremonial christening and commissioning of the jointly designed Taurus locomotive named “Europa,” set to traverse routes across Central Europe. A Long Tradition in Rail Freight Gebrüder Weiss boasts a venerable history in rail freight…