Riyadh Cables seeks to further SMCC’s wire and cable capabilities in Syria
Riyadh Cables Company has signed a six‑month, non‑binding MoU with Syria’s sovereign wealth fund to manage, operate, and upgrade Syrian Modern Cable Company, localize technical know‑how, and boost Syria’s power and electrical cable manufacturing capacity as part of wider post‑conflict reconstruction efforts.
Sterlite business unit plans IPO, plans to use funds to launch new cable facility
Sterlite Electric Ltd., the products and solutions arm of India’s Sterlite group, plans an IPO of about $180 million to fund a new power cable factory in Vadodara, Gujarat, cut debt, and back global expansion, including growing supply to U.S. utilities seeking advanced conductors and grid components. The offer will total roughly 15.6 million shares, split between fresh issuance and an offer for sale, with at least 75% reserved for institutional investors as Sterlite Electric sharpens its position in high‑voltage conductors, HVAC/HVDC cables, and OPGW for more than 70 export markets.
NKT awarded 2 projects from Germany’s TenneT as latest from multi-year agreement
Supporting Europe’s Energy Transition Through Advanced Cable Solutions NKT has secured two new turnkey projects in Germany under its multi-year framework agreement with TenneT, the Dutch-German transmission system operator. The contracts are part of TenneT’s 2GW Program, one of Europe’s most ambitious energy infrastructure initiatives driving the continent’s clean energy transition. Delivering 525 kV HVDC Cable Systems for […]