Salzer Electronics Secures BBMP Smart Lighting Contract

27 May 2025 CW Team

Salzer Electronics Limited has secured a work order worth Rs 1.92 billion from the Bruhat Bengaluru Mahanagara Palike (BBMP) for executing an energy efficiency project in Bengaluru. The initiative covers the East Zone and part of Bommanahalli Zone, involving installation of a Centralised Control and Monitoring System and replacement of conventional lights with energy-efficient LED lamps.

The project will be completed in eight months by Salzer, in consortium with Schnell Energy Equipments Private Limited. Payment will be received over 84 months as per agreed terms.

This contract marks Salzer鈥檚 re-entry into its Energy Saver Project under the Energy Management Services division after five years. The work will be executed through a Special Purpose Vehicle jointly managed by both companies.

Salzer is a prominent electrical solutions provider across switchgears, wires, cables, and energy management. It operates five advanced facilities in Coimbatore and is India鈥檚 largest maker of CAM-operated rotary switches and wire ducts. With strong domestic and export presence, Salzer has also introduced smart meters to strengthen its energy efficiency portfolio.

Schnell Energy Equipments, based in Coimbatore, offers smart city solutions including streetlight controllers, solar pumps, and IoT-based infrastructure tools.

Source:Salzer Electronics press release via SEBI

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..