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India Infrastructure Fund II acquires 23.5% stake in ONGC Tripura Power Company Ltd (OTPC)
1 April 2015: IL&FS Energy Development Company Limited (IEDCL) and Govt. of Tripura, three promoters of ONGC Tripura Power Company Ltd (OTPC), have entered into definitive agreements with India Infrastructure Fund II by which the latter will be acquiring 23.5% stake →
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ABB wins $900 million order to connect Norwegian and German power grids
March 19 2015: ABB has won orders worth around $900 million from a consortium comprising leading utilities Statnett and TenneT as well as promotional bank KfW to supply on-shore high-voltage direct current (HVDC) converter stations and the cable system in the →
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ABB wins $60 million repeat Azipod order
March 17, 2015: ABB, a global leader in power and automation technology, has been awarded a contract worth $60 million to deliver Azipod ® propulsion and power systems to two Norwegian Cruise Line vessels. The Breakaway-Plus class cruise ships will →
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BHEL achieves unique feat of commissioning three thermal units of 270 MW in just 42 days at a single site
16 March 2015: With the commissioning of the fifth 270 MW unit at the Amravati project of RattanIndia Power Limited, Bharat Heavy Electricals Limited (BHEL) has achieved a unique feat in the country’s capacity addition programme by successfully commissioning three units →
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ABB wins $155 million order to power large North Sea oilfield
March 16, 2015: ABB, the leading power and automation technology group, has won an order worth $155 million from Norway’s Statoil to supply systems and equipment to two HVDC converter stations linking the recently discovered Johan Sverdrup offshore field with →
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ABB wins cable system order for one of the world’s biggest wind farms
March 12, 2015: ABB, the leading power and automation technology group, has won an order worth around $130 million from DONG Energy, the Danish integrated energy company, to supply a high-voltage cable system that will bring power from the Walney →
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ONGC’s oil production from its Western Offshore breaks 5 years record
5 March 2015: Crude Oil Production from ONGC’s Western Offshore Fields touched 325,000 barrels oil per day (BOPD) on 3rd March, 2015. This is the highest production from Mumbai Offshore during the last 5 years. The production has started increasing from →
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ABB to invest $30 million in low voltage products growth in the U.S.
March 3, 2015: ABB will invest $30 million in building a new manufacturing site and expanding its customer experience center for its Low Voltage Products division near Memphis, Tennessee. The investment will initially create more than 200 jobs, with a further →
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M&HCV, Passenger Cars drive growth for Tata Motors in February
02 March 2015: Tata Motors saw strong growth in certain key segments, as passenger cars (excluding UV’s) and M&HCV grew by 31% and 34%, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in February 2015 of 44,225 →
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Mahindra Tractors sells 10,267 units in India during February 2015
2 March 2015: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, today announced its sales numbers for February 2015. Domestic sales in February 2015 stood at 10,267 units, as against 16,553 →
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