Cavotec inaugurates new production facility in Chennai

04 Jul 2024 CW Team

Cavotec, a leading cleantech company, is pleased to announce the inauguration of its new production facility in Chennai. This strategic expansion is aimed at serving both the fast growing domestic market in India and the extensive global market.

The new facility will cater to the domestic Indian market with an array of products, including various types of reels designed for both industrial and ports & maritime customers. Additionally, the new site will enhance the production capacity for shore power solutions, reflecting Cavotec's commitment to innovation and sustainability in maritime operations. The new facility will also function as a supply chain hub supporting our operations across the globe.

The inauguration ceremony, held on July 3, 2024, was a significant event attended by customers and partners as well as local and international representatives from Cavotec. The event featured a comprehensive tour of the new facility, providing an opportunity for the attendees to witness firsthand the production and processes in place.

David Pagels, Cavotec's CEO stated:"This new production facility marks an important milestone for Cavotec as we strengthen our presence in the region. The facility will enable us to serve the large and growing market in India, enhancing our ability to deliver innovative and high-quality solutions to our customers locally and globally."

Cavotec made the strategic decision in the spring of 2023 to establish itself in India with production. The new facility is scalable and did not require any major investment because the establishment took place in existing premises.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..