Sunday, May 5 2024 | Time 19:59 Hrs(IST)
image
Business Economy


CGPISL enters into strategic alliance agreement with TENAGA SWITCHGEAR

Mumbai, Aug 18 (UNI) Avantha Group Company, CG Power and Industrial Solutions Limited (CGPISL), entered into a strategic alliance agreement with TENAGA Switchgear Sdn. Bhd., Malaysia (TSG) to
leverage each company's unique strengths and assets to expand market reach and enhance customer base in Southeast Asia-Pacific (SEAP), particularly Malaysia.
The strategic alliance was announced by CG's CEO and Managing Director, Mr. K. N. Neelkant and Datuk Mohd Hisham bin Ab. Halim - Managing Director for TENAGA Switchgear Sdn. Bhd. The alliance
further cements the existing strong bond between CG and TSG where CG is already a key partner to Tenaga Switchgear on Power Transformers and Circuit Breakers, company said in filing with BSE.
The agreement between the companies includes product development and promotion of 11 KV Gas Insulated Switchgear (GIS) in Malaysia to address the rapidly growing demand in this region. As per the agreement, both the companies will collaborate in the Malaysian market.
Commenting on this prestigious alliance, Avantha Group Company, CG's CEO and Managing Director, Mr K N Neelkant said, ''We are excited to partner with Tenaga Switchgear. This alliance enables both manufacturers to guarantee a complete and high quality offering, focused on market needs and to provide its customers with a
comprehensive suite of products and services that delivers customer satisfaction.''
UNI JS SB 1333
More News

MRPL net drops over 40% in Q4; Final dividend at Rs 2 per share

04 May 2024 | 7:51 PM

New Delhi, May 4 (UNI) Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC, on Saturday reported more than 40 percent fall in net profit at Rs 1,137 Crore during January-March or Q4 of fiscal year 2023-24 compared to Rs 1908 crore in the same period in 2022-23.

see more..
India lifts ban on onion exports amid Lok Sabha polls

India lifts ban on onion exports amid Lok Sabha polls

04 May 2024 | 6:41 PM

New Delhi, May 4 (UNI) The government on Saturday lifted the ban on onion exports, nearly six months after the restriction was imposed.

see more..

Kotak Mahindra Bank profit surges 17 pc to Rs 5,337 crore, board approves dividend

04 May 2024 | 6:08 PM

New Delhi, May 4 (UNI) Private lender Kotak Mahindra Bank on Saturday reported 16.88% year-on-year increase in consolidated net profit at Rs 5,337.20 crore for the January-March quarter (Q4) of the financial year 2023-24.

see more..

Kottayam-Kochi Rubber Market Rates

03 May 2024 | 8:27 PM

Kottayam, May 3 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..

M&M leads Indian auto-pack with record-breaking 674 patents in FY24

03 May 2024 | 7:12 PM

Kolkata, May 3 (UNI) Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.

see more..
image