Mitsubishi Electric eyes CAPEX investment in India’s CNC market
Mitsubishi Electric is looking to invest in CAPEX in India. Masaya Takeda, General Manager of CNC Systems, noted that the division has tripled its business growth since 2019 and has subsequently made strong investments in India. However, he denied disclosing any details of investment.The machine tools industry in India is growing at an annual rate of 20 per cent, with the CNC market expanding significantly, particularly post-Covid.While automotive manufacturing remains a key growth driver, Takeda expects a steady increase in demand across industries such as general engineering, automotive, and..
Essentia Home Opens Second Delhi Store
After the overwhelming success of its flagship store in Gurugram, Essentia Home is set to make a striking debut in New Delhi. Founders Hardesh and Monica Chawla, the creative visionaries behind Essentia Environments, proudly unveil their second store on MG Road in the Delhi Design District. A seamless extension of their 25-year journey in redefining luxury interiors, this new space offers a curated experience of contemporary living infused with a global sensibility – all crafted in India.Spearheading this new chapter is Hridik Chawla, who leads the Essentia Home Experience Center with a comm..
Gensol Wins Rs 9.67 Billion EPC Contract for 245 MW Solar Project
Gensol Engineering, a leading player in the renewable energy sector, has further solidified its position as a key driver of India's energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the prestigious Khavda RE Power Park in Gujarat. This contract, valued at approximately Rs 9.67 billion (bn) (inclusive of GST), includes three years of comprehensive O&M services.This marks Gensol's second major project win at the Khavda Solar Park within a short span,..
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