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March 1, 2025

Wire & Cable India

Author : wirecable

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India Ranked Third Largest Primary Global Energy Consumer

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India aims to achieve 500 GW installed capacity from non-fossil fuel based capacity, such as hydro, nuclear, solar PV, wind and biomass, by 2030. Efforts are currently underway to increase thermal capacity to 28,460 MW, large hydro capacity to 12,663 MW and nuclear energy capacity to 8,700 MW. May 6,......
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DMB Acquires GIC Magnet; Eyeing Global Consolidation

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The acquisition will expand DMB’s market reach, enabling it to diversify its offerings and engage with a broader range of customers in the power and mobility sector, and projecting a revenue growth of USD 40.5 million. Apr 22, 2024 Ducab Metals Business (DMB) has acquired GIC Magnet, underlining its efforts......
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India will Require USD 500 Billion Capex to Expand Power Transmission Grid

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As per the report by Goldman Sachs, Power Grid Corporation of India will be the prime beneficiary of this massive grid expansion, which will account for 30 percent of India’s overall energy transition costs projected for 2024-2050. Apr 24, 2024 India, which is currently the third largest primary energy consumer......
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STL Raises INR 1000 Crore via QIP; Boosts Confidence of Investors

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STL raised INR 1000 crore through a QIP route planned to be utilized towards strengthening their balance sheet. Apr 17, 2024 STL, a leading optical and digital solutions company has announced that it has raised INR 1000 crore via Qualified Institutional Placement (QIP) route. Showcasing confidence in STL, the entire......
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Sterlite Power Appoints Reshu Madan as CEO of GPS Business

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Mr. Reshu Madan will head the Global Products & Services (GPS) business of Sterlite Power, leading global developer of power transmission.  May 6, 2024 Sterlite Power, a leading global developer of power transmission, today announced the appointment of Mr. Reshu Madan as Chief Executive Officer, Global Products & Services (GPS)......
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Prysmian Eyes North American Market with Acquisition of Encore Wire

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With the acquisition of Encore Wire for USD 290 per share in cash, Prysmian aims to enhance its presence in North America and broaden its product offering. Apr 18, 2024 Leading global solution provider for cables, energy, telecom cables and systems industry, Prysmian has announced acquisition of Encore Wire, leading......
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Arcole Invests in Setic Pourtier to Accelerate its Growth & Sustainable Development

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Arcole has announced an investment in Setic Pourtier aimed to accelerate the development and enable a drastic deleveraging. Apr 15, 2024 Arcole, a French private equity fund, in partnership with longstanding shareholder and CEO Thierry Collard, is excited to announce a new phase of growth of Setic, a global leader......
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Jindal Steel & Power Odisha Facility Embracing Exicom’s Heavy-Duty Chargers

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The robust heavy-duty DC harmony chargers from Exicom can excel even in high temperatures, ensuring consistent performance without power de-rating. Apr 15, 2024 Jindal Steel and Power (JSP), India’s leading business houses, with a significant presence in steel, mining, power and infrastructure, is gearing up for an enhanced charging experience......
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KEC International Secures Orders worth INR 1,304 Crore

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The RPG Group company has secured a 765-kilovolt transmission line and 765-kilovolt GIS substation order from Power Grid Corp, along with 220-kilovolt transmission line orders in SAARC and projects for the supply of towers, hardware & poles in the US. Apr 15, 2024 Leading manufacturers of electric power transmission towers......
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V-Guard Launches Melt-Resistant, Eco-Safe ‘Arizo’ Wires

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Arizo Wires are highly heat-resistant, melt-resistant and fire retardant, which significantly reduce the risk of short circuits and fire hazards. They offer 75 percent increase in current carrying capacity compared to conventional FR PVC wires. Apr 15, 2024 Leading manufacturers of electricals, electronics and home appliances, V-Guard has launched ‘Arizo......
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