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’s 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’s 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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..