Engineering
Job application by women in hardware engineering industry rises 26% in 2024: Report
India's hardware engineering sector is experiencing a notable shift, with a 26% surge in job applications from women in 2024, according to a WorkIndia report. This growth signifies increasing female participation in traditionally male-dominated tech roles. Overall tech job postings rose by 11%.
KPIT to buy Caresoft's engineering solutions unit for $191 million
KPIT Technologies has announced its acquisition of Caresoft Global's engineering solutions business for up to $191 million. This strategic move aims to bolster KPIT's commercial vehicle vertical by leveraging Caresoft's expertise in trucks and off-highway segments. The acquisition is also expected to facilitate KPIT's expansion into the Chinese market, with payment structured over four years.
Azad Engineering inks $54 mn pact with GE Vernova's Steam Power Services
Azad Engineering has secured a significant USD 53.5 million agreement with GE Vernova's Steam Power Services. This six-year contract, extending until 2030, involves the manufacturing and supply of advanced airfoils for the nuclear and thermal power sectors. This deal strengthens Azad Engineering's position in the global power generation supply chain.
BEML launches India's largest indigenously developed electric rope shovel
BEML Limited launched India's largest indigenously designed electric rope shovel, the BRS21, for opencast mining. This 720-ton, zero-emission machine, with a 21-cubic-meter bucket, was handed over to Northern Coalfields Ltd. The development of BRS21 in 24 months signifies a step towards sustainable and self-reliant mining solutions, aligning with the Aatmanirbhar Bharat vision.
In a first, TP-Link names local CEO for India business
TP-Link has appointed Sanjay Sehgal as its new CEO and managing director for India, marking the first time an Indian executive has held the position. This decision comes as the company aims to strengthen its presence in the country by expanding into enterprise infrastructure, manufacturing, and IoT solutions. TP-Link currently leads the consumer Wi-Fi market with over 24% market share.
ABB India adopts EVs for last mile deliveries in Bengaluru
By adopting EVs in its logistics operations, ABB India will significantly reduce Scope-3 greenhouse gas emissions.
Megha Engineering receives India’s first private sector nuclear power order
Megha Engineering & Infrastructure Ltd. (MEIL) has secured a significant Rs 12,800 crore order from NPCIL to build two 700 MW nuclear reactors in Karnataka. This marks MEIL's entry into the nuclear energy sector and is the largest order ever placed by NPCIL, notably awarded to a private company. The project was awarded using the Quality-cum-Cost-Based Selection method.
BHEL logs 19% revenue growth at Rs 27,350 cr in 2024-25
BHEL reported a significant 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record order inflow of Rs 92,534 crore, boosting its total order book to Rs 1,95,922 crore. BHEL secured substantial power sector orders worth Rs 81,349 crore and Rs 11,185 crore from the industrial segment. The company also commissioned 8.
Gensol Engineering independent director Arun Menon resigns after SEBI crackdown
Gensol Engineering and its promoters face Sebi action for alleged fund diversions. Independent director Arun Menon resigns, citing concerns over debt and fund allocation. Sebi bars Gensol and promoters Anmol Singh Jaggi and Puneet Singh Jaggi from securities markets. The regulator orders a forensic audit and halts the stock split.
Altimetrik appoints LTIMindtree's Rajeev Jain as COO
Altimetrik has appointed Rajeev Jain as its new chief operating officer to spearhead global operations, reporting to CEO Raj Sundaresan. Jain brings over 30 years of experience, including a previous role as executive vice-president at LTIMindtree. He will focus on scaling operations, enhancing efficiencies, and driving the company's strategic plans to deliver data and AI solutions.
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Greaves Cotton appoints Parag Satpute as Managing Director & Group CEO
Greaves Cotton Limited has appointed Parag Satpute as the new Managing Director and Group CEO. He succeeds Arup Basu. Basu's employment contract ends on May 9, 2025. Satpute will oversee Greaves Engineering, Retail, Technologies, and Excel Controlinkage Pvt Ltd. He brings three decades of experience from Bridgestone and Sandvik. His role includes strengthening businesses and driving growth for Greaves Cotton.
L&T bets on capex by big companies, sunrise sector demand
While the public sector continues to dominate its order book, the infrastructure major is witnessing demand from sunrise sectors such as semiconductors and data centres as well. "Our order book is more biased towards central and state governments, but the private sector is now picking up," deputy managing director and president Subramanian Sarma said.
BHEL, Nuovo Pignone International join hands to bid for compressors train revamp projects
BHEL has signed a 10-year agreement with Italy's Nuovo Pignone International to collaborate on compressor revamp opportunities in India's fertilizer sector. The partnership aims to enhance BHEL's market share in the renovation and modernization business, with a 50% business share, focusing on improving compressor systems in the sector.
Naxnova Technologies introduces India’s first flexibleprinted electronics R&D centre
Naxnova Technologies launches India's first Flexible Hybrid Printed Electronics R&D Centre, heralding a significant leap for the nation’s innovation sector. The centre will foster cutting-edge research in smart sensors and flexible circuits, advancing industries like automotive, medical wearables, and aerospace.
Larsen & Toubro wins large orders in India, overseas
Larsen & Toubro (L&T) has secured significant orders in both domestic and international markets. These include a gas-insulated substation and a transmission line project in India, as well as 380kV overhead line installations in Saudi Arabia. Additional projects have been awarded in the UAE, Qatar, Oman, and further orders within India.
Premier Bearings aiming at Rs 500 crore revenue over 5 years
Premier Bearings aims to achieve Rs 500 crore in revenue over the next five years, up from Rs 280 crore projected for the current fiscal year ending March 31. The company, led by founder Surendra Choraria, caters to the steel, cement, paper, and mining sectors, with a significant demand for bearings coming from western and southern India.
