Tag Archive for engineering

Varroc Engineering Ltd , announced its results for the second quarter ended September 30, 2018 (Q2 FY19)

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Varroc Engineering Ltd. (Varroc), a global tier-I auto component group, today announced its results for the second quarter and half year ended September 30, 2018 (Q2 & H1 FY19).

Summary Consolidated Financials

      (Rs million)

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ACTOR ABHISHEK BACHCHAN LAUNCHED CHENNAIYIN FC SOCCER SCHOOL AT JEPPIAAR ENGINEERING COLLEGE

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Abhishek Bachchan Mrs Vita Dani Dr Regeena J Murali

Jeppiaar Engineering College is one of the renowned educational institute in the Country, which provides finest academic and extra-curricular settings to students who crave to achieve greater success. College has always been a great supporter of Sports as much as Academics, and have established a strong foundation in sports with their impeccable achievements in athletics, handball, volleyball, and so on. Read more

Overwhelming Response to Third Edition of MET (Material Engineering & Technology) & HTS (Heat Treat Show) 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Nitin Gadkari lighting the lamp and standing from left to right a) Shailendra Roy of L& T b)Sunil Kulkarni of Mahindra & Mahindra c) Sajjan Jindal of JSW d) Pradeep Goyal , Chairman , MET

The third edition of MET ( Material Engineering & Technology ) and HTS ( Heat Treat Show ) concluded recently at Cidco Exhibition and Conference Centre , Vashi , Navi Mumbai and was a roaring success . This three day event witnessed the creme de la creme from industry , government and academia in participation and provides the ideal platform for extremely futuristic technologies and processes to be taken forward and implemented . This event is the brainchild of ASM( A Society Of Materials ) India chapter . Read more

L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Read more

Varroc Engineering Ltd. revenue from operations for Q1 FY19 increased by 28.8% YoY to Rs 29,188 million

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Varroc Engineering Ltd. (Varroc), a global tier-I auto component group, today announced its results for the first quarter ended June 30, 2018 (Q1 FY19).

Summary Consolidated Financials

      (Rs million)

Consolidated Financial Performance

  • Reported revenue from operations for the quarter was Rs 29,270 million, an increase of 20.2% over Q1 FY18. Revenue growth, excluding the impact of Excise Duty in Q1 FY18 and the Interior Plastics Business in North America which was phased out during FY18, was at 28.8% YoY. The India Business revenue increased by 28.3%, the Global Lighting Business (VLS) by 29.1% and Others by 31.8% over Q1 FY18.

  • The reported EBITDA for Q1FY19 was Rs 2,412 million, an increase of 9.1% YoY. EBITDA on a like-for-like basis was up by 26.0% and the EBITDA margin on like-for-like basis for the quarter was at 8.8%.

  • The PAT for the quarter was at Rs 1,004 million as compared to Rs 984 million for Q1 FY18. Read more

Sansera Engineering files DRHP with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sansera Engineering Limited, an engineering-led integrated manufacturer of complex and high-quality precision components for the automotive and aerospace sectors, primarily supplying to original equipment manufacturers (“OEMs”) in India and internationally, filed its DRHP with SEBI on August 10, 2018.

The IPO Initial Public Offering (IPO) comprises of up to 17,244,328 equity shares of face value of Rs 2 each (“Equity Shares”) of Sansera Engineering Limited (“Company” or “Issuer”) for an offer for sale of up to 8,635,408 equity shares by Client Ebene Limited (“CEL”); up to 4,836,723 equity shares by CVCIGP II Employee Ebene Limited (“EEL”), (collectively, the “Investor Selling Shareholders”); up to 2,058,069 equity shares by S Sekhar Vasan; up to 571,376 equity shares by Unni Rajagopal K; up to 571,376 equity shares by F R Singhvi and up to 571,376 equity shares by D Devaraj (collectively, (the “Promoter Selling Shareholders”, and together with the investor selling shareholders, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees (as defined hereunder) not exceeding 5% of the post-offer paid up equity share capital (the “Employee Reservation Portion”). The Company may in consultation with the book running lead managers and the selling shareholders, offer a discount to retail individual bidders (“Retail Discount”) and to the eligible employees bidding in the employee reservation portion (the “Employee Discount”) in accordance with the Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2009, as amended, (the “Sebi ICDR Regulations”).

 

ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited, Nomura Financial Advisory and Securities (India) Private Limited and BNP Paribas are the book running lead managers and Link Intime India Private Limitedis the Registrar. Read more

Varroc Engineering Limited Listing Ceremony

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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(L-R): The management of Varroc Engineering Limited Mr. Naresh Chandra (Chairman), Mr. Tarang Jain (Managing Director), Mr. Arjun Jain (President, Electrical BU), Mr. Vikram Limaye (CEO and MD) NSE, along with bankers and family members present for bell ringing ceremony at listing of Varroc Engineering Limited held today in Mumbai at the NSE.

(L-R): Mr. Tarang Jain (Managing Director) Varroc Engineering Limited and Mr. Vikram Limaye (CEO and MD) NSE while exchanging the memento at the listing ceremony of Varroc Engineering Limited held today in Mumbai at NSE.

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Varroc Engineering Limited: Initial Public Offer to open on June 26, 2018 and to close on June 28, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Mickey Doshi (Credit Suisse Securities (India) Private Limited), Mr. Arjun Jain (President, Electrical BU, Varroc Engineering Limited), Mr. T R Srinivasan (Group CFO, Varroc Engineering Limited), Mr. Tarang Jain (Managing Director, Varroc Engineering Limited), Mr. Ashwani Maheshwari (CEO, India Business, Varroc Engineering Limited), Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) and Mr. Subhrajit Roy (Kotak Mahindra Capital Company Limited) at Varroc Engineering Limited IPO Press Conference held today in Mumbai.

Varroc Engineering Limited (the “Company”), proposes to open the Offer on June 26, 2018, an initial public offering of 20,221,730 Equity Shares through an offer for sale by the promoter and investor selling shareholders (as defined below) (the “Offer”). The Offer consists of an offer for sale of (i) up to 1,752,560 Equity Shares by Mr. Tarang Jain (“Promoter Selling Shareholder”), (ii) up to 16,917,130 Equity Shares by Omega TC Holdings Pte. Ltd. (“Investor Selling Shareholder 1”) and (iii) up to 1,552,040 Equity Shares by Tata Capital Financial Services Limited (“Investor Selling Shareholder 2”). The Offer also includes a reservation of 100,000 Equity Shares, for subscription by eligible employees (the “Employee Reservation Portion”) at a discount of Rs. 48 per share on the Offer Price (“Employee Discount”). The Offer less the Employee Reservation Portion is the “Net Offer” and such Net Offer aggregates up to 20,121,730 Equity Shares. The Offer and the Net Offer shall constitute 15% and 14.93%, respectively, of the post-offer paid-up equity share capital of the company. Read more

CMRIT secures 2nd place in the University Visveshvarya College of Engineering, ESPORTIVE Football Tournament 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Team CMRIT

Students of CMR Institute of Technology secured second place in the UVCE (University Visveshvarya College of Engineering), ESPORTIVE Football Tournament 2018 held at the Bangalore University recently. Altogether eight colleges have participated in the tournament. 

The final was played between team CMRIT & Bangalore Institute of Technology. The match was a tie, a penalty shootout was further carried out to determine the winner. Bangalore Institute of Technology was declared the winner of the tournament. Read more

SPX FLOW opens 300-seater facility in Bangalore to expand IT & Engineering Services – To hire 200 by 2020

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

SPX FLOW Global Leadeship Visit

SPX FLOW, a US-based global manufacturing and industrial equipment supplier, has launched a 300-seater facility in Bengaluru to expand the IT and Engineering services and a state-of-the-art factory in Ahmedabad, as part of the India investment and expansion program. The global leadership team has been on a 3-city tour as part of the India growth program. SPX FLOW has a significant global presence in pumps, valves, mixers, dehydration, hydraulic tools and heat exchangers. As part of the growth and expansion, SPX FLOW is looking at hiring 200 people by 2020 including key leadership talents in India. Read more