Sigma Electric announces expansion of its Jaipur facility
Sigma Electric Manufacturing Corporation, a leading manufacturer of ferrous and non-ferrous castings, precision machined components and sub-assemblies, has announced that it will build a new plant in Jaipur, India, expanding its production capacity to meet increased market demand. Sigma Electric will invest `100-crore to construct the new facility in Jaipur adding to the three plants already in operation there. Construction is expected to be completed by July 2019, and the plant will be fully operational by September 2019.
The new plant, strategically located in Mahindra world city, will operate using state-of-the-art technology for production, fuel use and environmental controls. In addition to manufacturing facilities, the new plant will also house world class R&D centre and a tool room. Sigma’s expansion of its Jaipur location is expected to generate over 400 new jobs with the possibility of adding more production lines and jobs in the future.

NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

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