Category: Science & Technology

HAL scales new peak, sees revenue of over Rs 24K crore

Aerospace giant Hindustan Aeronautics Ltd (HAL) has recorded the highest ever revenue of over Rs 24,000 crore (provisional and unaudited) for the financial year ending March 31, 2022, registering a 6 % revenue growth over the previous financial year. The corresponding figure for the previous year stood at Rs 22,755 crore.

“Despite the challenges of the second wave of Covid-19 during the first quarter of the year and the consequent production loss, the Company could meet the targeted revenue growth with improved performance during the balance period of the year”, said R Madhavan, Chairman & Managing Director, HAL.

HAL achieved record revenue with the production of 44 new helicopters/aircraft, 84 new engines, overhauled 203 aircraft/helicopters and 478 engines.

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** MotoManipal wins first place in Electric Bike Design contest

The bike designed by the team is driven by a 2kW brushless DC motor

Aryan Singh, team leader and a third-year mechanical engineering student said that regular and effective communication between the team members ensured that everyone was on the same page.

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** New genus of parasitoid wasp dedicated to ATREE

Parasitoids are the most important natural enemies of other insects, and humans exploit this behaviour for biological control of crop pests

A new genus of Braconid wasp has been named ‘Atree’, after the Ashoka Trust for Research in Ecology and the Environment (ATREE), a leading research institution and environmental think tank based in Bengaluru. This is said to be the first time in India that an institute has an eponymous insect genus.

The development comes with the discovery of a new species of wasp, Atree rajathae and two other already known species. The newly described species is a parasitoid wasp. An ATREE statement explained that parasitoids are the most important natural enemies of other insects, and humans exploit this behaviour for the biological control of crop pests.

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** BEL achieves record turnover of ₹15,000 crore in FY22

In fiscal 2021-22, BEL secured orders worth around ₹18,000 crore while its order book as of April 1, 2022, stood around ₹57,000 crore

Bharat Electronics (BEL) has achieved a turnover of ₹15,000 crore (provisional & unaudited) during the financial year 2021-22, against the previous year’s turnover of ₹13,818 crore despite challenges posed by the COVID-19 pandemic and global shortage of semi-conductors.

BEL Chairman & Managing Director Anandi Ramalingam said the company is all set to increase its global footprint by making all-out efforts to tap new markets. “BEL will continue to explore new growth opportunities through diversification, capability enhancement, competitiveness and modernisation,’‘ she added.

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** Bosch picks up stake in Bengaluru start-up

This investment would enhance Bosch’s role in the mobility landscape through offerings on digital platforms in personalised and connected mobility

Bosch Limited, a provider of technology and services in the mobility ecosystem, has acquired a 14% stake in Zeliot Connected Services, a Bengaluru-based B2B start-up.

This investment would enhance Bosch’s role in the mobility landscape through offerings on digital platforms in personalised and connected mobility.

The combination of Bosch’s Mobility Marketplace and Zeliot’s micro services platform would create a one-stop shop for new-age mobility players and improve the vehicle ownership experience.

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** ‘Make In India’ Initiative: RBI Governor Opens Bank Note Ink Unit In Mysuru

Mysore/Mysuru: 

Reserve Bank of India (RBI) Governor Shaktikanta Das was on a visit to Mysuru on Mar. 28 where he dedicated ‘Varnika,’ the Ink Manufacturing Unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), to the nation.

BRBNMPL has set up ‘Varnika’ with an annual ink manufacturing capacity of 1,500 MT to enhance the security of bank notes.

It is a boost to the ‘Make in India’ initiative.

It ensures that the entire requirement of bank note printing inks is produced in-house.

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** ABB opens its largest innovation centre globally in Bengaluru

The centre will roll out solutions supported by next-level AI, ML, data analytics, 3D and digital wins, Multiphysics modeling & IIoT tech

ABB, a technology company, inaugurated a new and expanded R&D and engineering facility named ABB Innovation Center (AIC), in Bengaluru on March 30.

This facility is one of ABB’s largest globally, and serves as the backbone for technology developments to accelerate innovation. It will employ 2,500 diverse technologists, including engineers, principal and data scientists, architects, domain and analytics specialists, programmers, and developers.

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** Defence Ministry inks two contracts worth ₹3,102 crore with BEL

Deals include supply of Advanced Electronic Warfare suite for fighter aircraft

The Ministry of Defence (MoD) has signed two contracts worth ₹3,102 crore with the Bengaluru and Hyderabad units of the Bharat Electronics Limited (BEL), in New Delhi.

The MoD and the BEL-Bengaluru concluded the contract for the supply of Advanced Electronic Warfare (EW) suite for fighter aircraft of the Indian Air Force. The overall cost is estimated to be ₹1,993 crore, as per a statement from BEL on Wednesday.

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