Asian Electronics bags Rs. 532 mn MSEDCL contract
K Subash

Asian Electronics Ltd (AEL), a leading energy solutions providing company, has bagged a Rs 532- million contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The company won the contract against stiff competition from biggies such as Larsen and Toubro, Mumbai, Reliance Energy, Delhi, Nagarjuna Construction Co., Hyderabad and Associated Transformers Ltd., Vadodara.

No respite yet on silicon steel woes
Shashank Rao

The Indian transformer manufacturers are expecting another 6000 tonne of silicon steel from Japan and European countries within the next two quarters in this fiscal. Earlier, they had already received 3000 tonne through MMTC.