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ZWEIBRÜCKEN –March 29, 2018– Kuwait’s Jassim Transport & Stevedoring Co. K.S.C.C. (JTC) has placed an order for 6 new Demag® all terrain cranes, including one AC 100-4 model, three AC 130-5 models and two AC 160-5 models. These new units, along with the six other Demag all terrain cranes that JTC purchased within the last two years, expand the company’s Terex and Demag crane  READ MORE.....
CPPIB invests US$144-mn in ReNew Power
Canada Pension Plan Investment Board (CPPIB) and ReNew Power Ventures Pvt. Ltd. (ReNew Power) have announced that CPPIB is acquiring a 6.3 per cent stake in ReNew Power from the Asian Development Bank for US$144-million. Founded in 2011, ReNew Power is a leading Indian renewable energy developer and operator with clean energy capacity diversified across wind, utility-scale solar and rooftop solar  READ MORE.....
Siemens Gamesa bags 326MW wind power orders
-  This order entails the EPC construction of 326 MW of wind power facilities on several sites across India (26 in total, with installed capacity ranging between 2 MW and 60 MW).
-  Siemens Gamesa to install 135 units of its G114-2.0 MW wind turbines and 28 units of its G97-2.0 MW wind turbines across different sites which are set for commissioning by March 2018.
SAP, Siemens join hands
To digitally revitalize India’s Energy and Utilities Sectors.

SAP SE and Siemens have announced extension of their global agreement in smart metering to jointly go-to-market in India and support the Government’s target of installing 130 million Smart Meters by 202160-5, two AC 300-6 all terrain cranes and four Terex® RT 90 rough terrain cranes. The new units help support ACT customers aro READ MORE.....
Budget Reactions
Aditya V Agarwal, Director, Emami Group

The Budget will have a positive impact on the cement sector with infrastructure investments and affordable housing to drive demand. Cement companies are expected to see superior volume growth given the government’s focus on housing for all, smart cities (99 already identified) and building toilets under Swachh Bharat Abhiyan (to constru READ MORE.....
Tata Trusts’ FISE hunts for innovators, entrepreneurs
Tata Trusts launches the first nationwide hunt for innovators and entrepreneurs; invites entries for ‘Social Alpha Energy Challenge’.

In a first-of-its-kind nationwide search, Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – has announced the ‘Social Alpha Ene READ MORE.....
Sterlite Power commissions two Lines in Telangana
Company commissions the 400KV D/C Nizamabad-Shankarapally and 400KV Maheshwarm-Mehboobnagar Lines.

-  The project allows ~1000 MW incremental capacity of power off take.
-  Maheshwaram Transmission Limited (MTL) will Build, Own, Operate and Maintain the two lines with a total line length of 236 Km for 35 years. READ MORE.....
Sterlite Power acquires 28.4pc stake from SCPE
-  Company acquires stake from Standard Chartered Private Equity for `1,010-cr.
-  Highest absolute return in the Power and Utilities sector in India.
-  Standard Chartered set to make 2x returns in a short span of 3.5 years.

Sterlite Power has acquired the 28.4 per cent stake in its transmission infrastructure business from Standard Charter READ MORE.....
RIL wins golden Peacock Award 2017 for CSR activities
Reliance Industries Limited (RIL) has won the Golden Peacock Award 2017 for the success of its Corporate Social Responsibility initiatives and, in particular, for the transformative work done by Reliance Foundation (RF), the CSR arm of the Company. RIL was recognized by the Awards Jury under the Chairmanship of Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.

One READ MORE.....
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