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December 20, 2024

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Tag : Investment

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LS Cable & System Invests USD 161 Million in Submarine Cable Business

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Construction will begin in October 2021, and end in April 2023. LS Cable & System’s submarine cable production capacity will increase more than 1.5 times. July 27, 2021 LS Cable & System has announced that it would expand its submarine cable business by investing an additional USD 161 million (KRW......
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Reliance Industries to Invest INR 75000 Crore in Clean Energy, to Build 4 Giga Factories

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RIL will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors. June 25, 2021 Reliance Industries Limited’s Chairman Mukesh Ambani has announced that the RIL will invest INR 75000 crore in a new green and clean energy business over......
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Adani Group to Add 5 GW Green Energy a Year for the Next Decade

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In a letter to the investors of Adani Enterprises, Mr. Gautam Adani, Chairman of Adani Group affirmed that the group is in sync with India’s aspiration of becoming the world’s top renewable players. July 03, 2021 In a letter to Adani Enterprises shareholders, Group Chairman Mr. Gautam Adani said the......
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India’s Renewable Energy Sector Gets USD 70 Billion Investment in 7 Years

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This huge investment exhibits significance in view of India’s ambitious target of having 175GW of renewable energy by 2022 —and will bring in huge opportunities for wire and cable manufacturers in the country. June 29, 2021 While addressing at an event on ‘Accelerating Citizen Centric Energy Transition’, Power Minister Mr.......
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Rajratan Global Wire Plans Capacity Expansion With Investment of INR 250 Crore in Next 3 Years

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The company is setting up a plant in Chennai to serve local and overseas customers and is increasing capacity in Thailand by 50%. June 29, 2021 Rajratan Global Wire Limited, one of the leading three bead wire and steel wire manufacturers for automotive tyres in India, is investing INR 250......
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Indian Railways to Invest Rs 55000 Crore on Modernization of Signalling and Telecommunication

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Indian Railways plan to use the spectrum allocation to provide long-term evolution (LTE) based mobile train radio communication for seamless communication between its running staff, the traffic controller, and maintenance personnel to enhance safety and security. June 16, 2021 Indian Railways has envisaged an investment of about Rs. 55,000 crore......
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NIP Envisages Investment in Indian Railways Worth INR 11.43 Lakh Crore Till 2024-25

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The envisaged investment of Rs 11.43 lakh crore till 2024-25 is expected to bring in huge opportunities for the wire and cable industry. June 9, 2021 Infrastructure Development forms the bedrock of the economic growth of a nation. The exponential increase in population puts pressure on the existing provision for......
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Joe Biden Calls for USD 100 Billion to Expand U.S. Broadband Access

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The White House stated that President Biden’s plan would build “future proof” broadband infrastructure in unserved areas and focus support on networks owned, operated by, or affiliated with local governments, non-profits, and co-operatives” and noted they have “less pressure to turn profits. May 31, 2021 President Joe Biden called on......
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India to be a Part of Cisco’s USD 5 Billion Funding for 5G Projects

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The launch of 5G services is expected to shift focus to enterprises, which could become potential sources of revenue for telcos. March 30, 2021 US-based Cisco Systems, Inc., which has set aside USD 5 billion to fund projects for 5G services globally, will invest part of it in India to......
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RWE marks Financial Investment Decision for Sofia Offshore Wind Farm

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With this move, the leading company in offshore wind power and Europe’s third-largest in renewable energy is seeking to play a significant part in helping to reach the UK’s ambition to grow offshore wind capacity to 40 gigawatts by 2030. March 30, 2021 RWE has taken the Financial Investment Decision......
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