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Nexans to sell AmerCable to Mattr for $280 million

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Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million.  Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification, positioning itself as a ‘Pure…

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Sterlite Power secures Rs 12 billion in new orders in Q2FY25

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Sterlite Power announced new orders worth Rs 12 billion across its Global Products and Services (GPS) business in Q2FY25, bringing cumulative orders to Rs 27 billion for H1FY25. The GPS division focuses on high-performance, sustainable products and specialized EPC services. This quarter’s highlights included India’s first order for a 144-fiber count Optical Ground Wire (OPGW) cable from a state utility. In Q2FY25, Sterlite Power’s key order segments included: High-Performance Conductors & OPGW: New orders worth…

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Diamond Power wins Rs 1.09 billion contract for power cable supply

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Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables, securing a contract worth Rs 1.09 billion. The contract involves supplying 11 kV 240 sq. mm XLPE Al 3 core cable for a robust project under the Madhya Gujarat Vij Company (MGVCL) schemes. The order will be fulfilled on a kilometre rate basis for Swastika Infra, a contractor of MGVCL. This contract further strengthens Diamond Power’s…