Engineering
McDermott wins $4.5 billion EPCI contracts from Saudi Aramco
12 Jul 2019
The contracts involve construction of a gas-oil separation platform, compression and accommodation facilities, in a consortium with China Offshore Oil Engineering Company, worth $3.0 billion, and construction of offshore gas facilities and pipelines worth $1.5 billion
L&T announces strategic initiative for digital transformation
29 Mar 2019
With some of the largest deployments of IoT, analytics and AI in the industrial sector, through its current construction, EPC and manufacturing businesses, L&T is in the cusp of the Fourth Industrial Revolution, Industry 4.0, according to L&T Next
Siemens in deal with Russia's RDIF on $4.5 billion rail link
18 Feb 2019
The planned 220-km double-track high-speed railway between the cities of Chelyabinsk and Yekaterinburg over the Urals, would allow trains to travel at speeds of 300 km per hour
EU regulators likely to derail Siemens-Alstom merger plan: report
21 Jan 2019
`We can’t build those champions by undermining competition,” EC’s Margrethe Vestager said in Berlin, adding, “We can’t build them with mergers that harm competition, or by looking the other way when Europe’s businesses break our rules”
ABB sells over 80% in Power Grids to Hitachi for $9.1 bn
18 Dec 2018
Post divestment ABB plans to modify the structure of its remaining businesses and focus on simplified digital industries for enhanced customer value and shareholder returns
Larsen & Toubro Q2 net jumps 23% to Rs2,230 cr
31 Oct 2018
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