Power Grid Plans $40 Billion Subsea Link

31 Jul 2024 CW Team

Power Grid Corporation of India is planning a significant infrastructure project: a $40 billion subsea interconnection with the Middle East. This ambitious project aims to establish a robust energy link between India and the Middle East over the next five years.

The proposed subsea interconnection will facilitate the transmission of electricity across the Arabian Sea, connecting the power grids of India with those of Middle Eastern countries. This initiative is expected to enhance energy security, increase the reliability of power supply, and open up new opportunities for energy trade between the regions.

The interconnection is part of a broader strategy to diversify India's energy sources and integrate with global energy markets. By linking with the Middle East, India aims to leverage the region's energy resources and improve its ability to manage energy demand and supply fluctuations more effectively.

The project involves complex engineering and technology requirements, including the installation of subsea cables and advanced transmission systems. Power Grid Corporation plans to collaborate with international partners and experts to ensure the successful execution of this high-stakes venture.

In addition to its technical and economic benefits, the subsea interconnection is expected to support India's long-term energy goals, including reducing dependency on fossil fuels and enhancing renewable energy integration. The project aligns with global trends towards greater energy interconnectivity and collaboration.

Overall, the subsea interconnection project represents a major step forward in India's energy strategy, with significant implications for regional energy cooperation and economic development.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..