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Power Equipment

Hind Rectifiers to set up AI, Web3 arm with expansion of Nashik facility

Power and railway equipment producer Hind Rectifiers is expanding its manufacturing facilities in Nashik and has also decided to set up a subsidiary for developing high-tech products and solutions in AI, Web3 and others, according to a top official. Hind Rectifiers MD & CEO Suramya Nevatia said that the company actively progressing with our capacity expansion plans at the Sinnar and Satpur plants in Nashik along with focus on backward integration which will improve cost efficiency. The company board has also approved the incorporation of a wholly owned subsidiary focused on developing cutting-edge products and solutions in Information Technology (IT), Artificial Intelligence (AI), Web3, and various software, he said. Hind Rectifier has reported around six-fold jump in net profit to Rs 10 crore for the October-December quarter of 2024-25 driven by order flows and higher income. Total income jumped by 24 per cent to Rs 169.4 crore in the third quarter of FY25 compared to Rs 136.7 ..

Updated On: 05 Feb 2025 | 6:54 PM IST

Demand in segments that company caters to has come back: Cummins India

Engines and power equipment maker Cummins India has said the demand in most of the segments that the company caters to has come back strongly

Updated On: 04 Apr 2021 | 6:43 PM IST

Manufacturing plan for power and renewable energy equipment in works

The scheme titled 'Manuf­acturing Zones under Atmani­rbhar Bharat Package' in the Budget would entail setting up three manufacturing zones in a year

Updated On: 05 Feb 2021 | 6:10 AM IST

Power ministry to launch manufacturing programme for critical equipment

The scheme titled 'Manufacturing Zones under Atmanirbhar Bharat Package' in the Union Budget would entail setting up three manufacturing zones in a year

Updated On: 03 Feb 2021 | 11:08 AM IST

Power equipment companies changing tack in push for green energy

The second of a two-part series talks about how stiff competition in thermal projects is forcing manufacturers to focus on renewable sector

Updated On: 31 Aug 2020 | 2:40 AM IST

Honda Siel Power Products will now be called Honda India Power Products

Power products manufacturer Honda Siel Power Products announced the change of its name to Honda India Power Products

Updated On: 06 Jul 2020 | 2:19 PM IST

India will not import power equipment from China: R K Singh amid standoff

He further said state discoms should not give orders for supply of equipment to Chinese firms

Updated On: 03 Jul 2020 | 1:44 PM IST

Crompton Greaves wins Rs 720 cr order from Indonesian firm PT PLN

CG will supply critical power equipment for a project to improve the Indonesian transmission grid

Updated On: 18 Jan 2017 | 11:47 AM IST

GE bags Rs 271 crore contract from BHEL

The company will supply supercritical boiler components for 2 thermal power projects in Tamil Nadu

Updated On: 03 Jan 2017 | 10:11 AM IST

BHEL's secures exports orders from two African countries

The company has received orders to supply industrial motors to Togo and Benin

Updated On: 18 Nov 2016 | 2:58 PM IST

GE Power bags Rs 270 cr contract from BHEL

The company will supply two units of 800 MW supercritical boilers for the thermal power project in Telangana

Updated On: 15 Nov 2016 | 4:00 PM IST