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Sterlite Technologies announces net revenues for FY 11

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Sterlite Technologies Limited announced its results for the fiscal year ended March 31, 2011. The company achieved revenues of Rs 2,263 crores, EBITDA of Rs 282 crores, PAT of Rs 141 crores. Telecom business revenues stood at Rs. 657 Crores at an EBITDA margin of 26%. Sterlite received two new projects for development of India’s transmission systems on ‘Build, Own,......
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LAPP Group to invest Rs.150crore in new facility at Madhya Pardesh

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Germany-based LAPP group manufacturing high flexibility cables announced investment of Rs 150 crore in the Rajgarh district of Madhya Pradesh for setting up a new unit. The company performed ground breaking ceremony for setting up a manufacturing unit at Pilukhedi in Rajgarh district under Bhopal division. “India’s economy is thriving and I believe, it is the future market......
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Oceaneering launches UFlex to gauge the predictive performance of Umbilicals

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Oceaneering Umbilical Solutions, the Rosyth based deepwater cable manufacturer arm of Oceaneering Inc., the global oilfield services provider, has established a Joint Industry Project (JIP) with Norwegian company, Marintek, to pioneer a predictive stress analysis tool designed to transform the performance and longevity of deepwater umbilicals. The tool, called, UFlex (Umbilical Flexibility), is designed to provide......
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Lumpi: Our interest is to first penetrate into the market

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Lumpi-Berndorf Draht -und Seilwerk GmbH” was born in 2005 from the merger of “Ing. Josef Lumpi Drahtwerk GmbH” with “Berndorf F.A.S. GmbH & Co KG”. Both the companies were in traditional businesses of electric energy transfer. We had an interaction with Mr. Rainer Purzelmayer (Head of Sales, plant Berndorf) who was present in Gridtech 2011 to......
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AMSC supplies superconductor wire for power substation in China

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American Superconductor Corp (AMSC), a US based power technologies company, said that its high temperature superconductor wire is being used in an electrical substation in China. Located in the city of Baiyin in the Gansu province of China, the substation was built by the Institute of Electrical Engineering, China Academy of Science (IEE CAS). The......
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RR Kabel chooses InnoVites to deliver cable specific ERP solution

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InnoVites B.V. announced that RR Kabel Ltd. (Ram Ratna Group) has chosen the ERP solution of InnoVites as the platform of choice for their continuous improvement. The perfect match of the InnoVites software with the business processes of RR Kabel enables the company to implement best practices of the industry. RR Kabel is located......
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New Cable manufacturing plant in Ras Al Khaimah

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Riyadh head-quartered Middle East Specialized Cables (MESC) Group has opened a cable manufacturing plant in Ras Al Khaimah. The factory, set up with an investment of AED 170 million (USD 46 million), is one of the biggest and high-end technology plants in the region to produce industrial, instrumentation, control and......
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