Wire and Cable Industry News - Wire & Cable India
January 20, 2025

Wire & Cable India

Category : News

News

STL Unveils US-Made, ‘Build America, Buy America’ Compliant Fiber Optic Solutions

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Optical and digital solutions provider, STL, recently announced that their fiber optic cable products manufactured in the US are compliant with the ‘Build America, Buy America’ (BABA) provisions of the Infrastructure Investment and Jobs Act (IIJA).  Apr 24, 2024 STL, a leading optical and digital solutions company, recently announced that......
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Superior Essex Becomes Sole Owner of Essex Furukawa Magnet Wire Company

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Superior Essex successfully completes acquisition of Essex Furukawa Magnet Wire from Furukawa Electric Company Limited, plans to relaunch its magnet wire business under a new name, while continuing to operate all current facilities of the Essex Furukawa joint venture worldwide. May 1, 2024 Superior Essex, a global leader in the......
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LS Eco Energy to Supply HV Cables to Energinet in Denmark

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Under the deal worth USD 30.51 million, LS Eco Energy will supply high-voltage cables to Energinet, a Danish state-owned energy company, for three years. April 24, 2024 Korean power cable maker LS Eco Energy Limited has signed a high-voltage cable project deal worth USD 30.51 million with a public energy......
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Hellenic Cables Gets US Aid to Build New Cable Manufacturing Facility

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The facility, worth around USD 300 million, will be built at Baltimore in Maryland. It will manufacture underwater and underground cables for offshore wind and grid modernization applications. Apr 23, 2024 Hellenic Cables Americas, the U.S. subsidiary of Belgian Cenergy Holdings, has got a boost from the U.S. Department of......
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Nexans Signs Ground-Breaking Service Level Contract with Equinor

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The four-year agreement covers approximately 3,000 km of cable. It includes turnkey repair services for various cable systems by Nexans, while Equinor will manage and operate the contract on behalf of the Pipeline Repair and Subsea Intervention (PRSI) Pool members.  May 6, 2024 Nexans, leader in the design and manufacturing......
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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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