MUMBAI: Schneider Electric, the leader in the digital transformation of energy management and automation, recently announced its collaboration with the Water Resources Department, Maharashtra to sensitize officials on modernizing water and wastewater (WWW) management using the latest digital technologies. This partnership is a continuation of Schneider Electric’s support to the Ministry of Jal Shakti’s efforts to accelerate the technology adoption for sustainable water management in India.

India, a country grappling with a staggering ~40% water loss due to leaks, is confronting significant strain on its water table, posing a threat to its economic advancement. In response to this pressing challenge, Schneider Electric has made its mission to confront the complexities of water management and address the urgent need for fostering sustainability, efficiency, and resilience in the water sector.

With this strategic partnership with the Government of Maharashtra, Schneider Electric has reaffirmed its commitment to championing responsible water management. As part of this collaboration, the company aims to drive awareness among stakeholders, encouraging the adoption of innovative digital technologies to elevate efficiency, productivity, and sustainability in water management processes.

Schneider Electric’s end-to-end IoT platform, EcoStruxure, offers real-time data, analytics, and professional services to increase water consumption efficiency, decrease leaks, and optimize water distribution. EcoStruxure also offers advanced diagnostics and seamless IT/OT integration to future-proof operations.

The event was attended by key dignitaries including Sanjay Khandare, IAS, Principal Secretary, Water Supply & Sanitation Department, Government of Maharashtra, Sanjay Belsare, Secretary, Project Coordination, Water Resources Department, Government of Maharashtra and Aman Mittal, IAS, Deputy Secretary, Water Supply & Sanitation Department, Government of Maharashtra. These dignitaries gathered to discuss the pressing need to embrace digital technologies in the facilitation of a more sustainable water network.

“Integrating digital solutions into water management practices can lead to more efficient, resilient, and sustainable use of water as well as energy resources, thereby addressing the growing challenges posed by factors such as population growth, urbanization, and climate change”, said Sanjay Belsare, IAS, Secretary- CAD, Water Resources Department, Government of Maharashtra.

Emphasizing the significance of digital solutions for effective water management during a keynote address Aman Mittal, IAS, Deputy Secretary, Water Supply & Sanitation Department, Government of Maharashtra suggests a creation of mass awareness about the true potential of digital technologies, that is critical to address issues related to water resources. Digital solutions encompass various technologies such as data analytics, IoT (Internet of Things) sensors, remote monitoring systems, and predictive modeling algorithms. AI and machine learning algorithms can analyze water-related data to improve water distribution, predict droughts or floods, and make better water management decisions. Drone images and remote sensing could help map traditional water bodies, assess their health, and identify replenishment or restoration needs. Also, Chatbots and solutions built around them could serve as virtual water conservation aides, offering personalized advice and raising awareness about the judicious use of water and resources.

Addressing the gathering on the occasion, Arvind Kakru, Vice President – Industrial Automation, Greater India at Schneider Electric, said, “At Schneider Electric, we strongly believe that India’s journey toward water conservation and innovation is crucial for realizing its developmental aspirations. The significance of water in our progress cannot be overstated, and the impact of leakage on our water resources and energy usage cannot be ignored. Water conservation directly translates to energy conservation and secures our future. Through our collaboration with the Water Resources Department, Maharashtra, Schneider Electric is committed to engaging stakeholders in breaking the cycle of waste and establishing a circular system for efficient energy and water management. Together, we are dedicated to maximizing the value of every drop, driving innovation to combat energy and water wastage, and paving the way for a more sustainable future.“

Schneider Electric has also collaborated with the Ministry of Jal Shakti to prepare a skill development program that empowers eco-warriors to become proficient in using next-gen technology. The curriculum focuses on technologies in water governance, efficient operations, management of water and wastewater treatment plants, sustainable water management, technology for water conservation, and efficient desalination processes using digital technologies.

The post Schneider Electric And Maharashtra Water Resources Department Join Forces To Bring Innovative Water Solutions appeared first on NRI News.

This 3-day exhibition is organized by Exhivision Media, the expo is a premier event in the burgeoning Indian pharma and laboratory equipment market, which is driven by strategic investments in healthcare and advanced R&D infrastructure. The 2024 edition of the Pune Pharma and Lab Expo will provide a dynamic platform for B2B meetings, product displays, and introductions to the latest market innovations aimed at professionals from the pharma, biotech, and healthcare industries.

According to a recent market report, the Laboratory Equipment Services Market is expected to reach $22.1 billion by 2027, growing at a CAGR of 11.1%. This growth is fueled by the increasing need for precise diagnostics, reduced operational downtime, and cost-effective solutions meeting stringent quality standards, with the Asia-Pacific region leading this expansion.

“We are excited to bring the Pune Pharma and Lab Expo back to Pune, which has become a key hub for pharmaceutical innovation and technology,” said Ajeetkumar Shukla, Director of Exhivision Media. “This event not only highlights the latest advancements in our industry but also provides a crucial platform for forging robust business relationships across India and beyond.”

The Expo will feature state-of-the-art exhibits in pharmaceutical machinery, lab and analytical instruments, and a vast array of other products critical to the pharmaceutical and healthcare sectors. The event anticipates over 5,000 visitors, including senior pharma executives, QA/QC managers, R&D professionals, and procurement managers from around the world, offering them unparalleled access to the latest technologies and market trends.

In FY23, the Indian pharma market witnessed a remarkable year-on-year growth of nearly 5%, reaching $49.78 billion. Notably, exports grew modestly by 3%, while the domestic market surged by 7% year-on-year. Developed markets recorded an 8% growth, overcoming challenges posed by the Russia-Ukraine conflict, scarcity of foreign currency in several African countries, and significant depreciation of local currencies in emerging markets.

The post Pune Pharma And Lab Expo To Showcase New Technologies Bolstering Nationwide and Global Business Ties appeared first on NRI News.

Year ended 31st March 2024 results highlights

• Total operating revenue is up 15.9% YoY to ₹51,172 million.
• Operating EBITDA up 15% YoY to ₹9,413 million.
• In the last 3 years, revenue from operations has grown at 29% CAGR while Operating EBITDA grew at a 35% CAGR.
• Profit before tax (PBT) was up 17.1% YoY to ₹9,321 million.
• We closed a total of 12 large deals in FY24, which included one $50 Mn plus deal and five deals in the $15 to $25 million range.
• Our customer pyramid has continued to improve, with 2 customers added in the $10-50
• million category, 2 in the $5-10 million category, and 3 in the $1-5 million category.
• The board recommended a final dividend of ₹8.40 per equity share, and a special dividend of ₹ 1.65 per equity share, subject to shareholder approval at the AGM.

Quarter ending 31st March 2024 results highlights

• Total operating revenue up 0.9% QoQ to ₹13,010 million.
• In USD terms, total operating revenues were up 1.2% QoQ to $156.6 million. Services segment revenues came in at $120.2 million.
• Operating EBITDA at ₹2,400 million; EBITDA margin at 18.4% vs. 18.3% QoQ (adj.) and 17.3% YoY
• Net income at ₹1,572 million; Net margin at 12.1%.
• 90 bps sequential improvement in [LTM] attrition to 14.5%.

Warren Harris, Chief Executive Officer and Managing Director said: “I am delighted with the way our business performed in FY24 with revenue growth of 15.9% and a 15% growth in operating EBITDA. In the last 3 years, our revenue from operations has grown at 29% CAGR while Operating EBITDA grew at a 35% CAGR. We closed a total of 12 large deals in FY24 which included one $50 Mn plus deal,  and five deals in the $15 to $25 Mn range. Our large deal pipeline remains healthy and continues to grow. We are currently engaged in several large deal discussions with existing and new customers and anticipate an uptick in deal conversions in the current quarter. We continue to lead our industry in Gen AI and Software Defined Devices (SDx) services – as evidenced by the endorsement that we have received from BMW. I am incredibly grateful to the almost 13,000 people of Tata Technologies, who remain committed to helping our customers engineer a better world.”

Savitha Balachandran, Chief Financial Officer, said: “We will continue to follow a balanced approach of exercising operational discipline while strategically investing in capacity and capabilities to seize the opportunity presented by the industry’s structural transformation. Ending the year with a robust  EBITDA  margin of  18.4%  and strong liquidity underscores our focus on efficiency and prudent management of resources. Overall, I am pleased with our execution in FY24 and, also with having delivered over 18% margins consistently over the last three consecutive years, in line with our stated aspiration. We are excited about our prospects in FY25 and remain committed to creating long-term shareholder value.”

Tata Technologies is integrating systems engineering for software-defined vehicles (SDVs), leveraging its turnkey vehicle development capabilities to engineer the future of mobility with agility. The company is also utilizing generative AI-powered styling solutions for design studios to fuel innovative design ideas for OEMs. Furthermore, Tata Technologies is empowering manufacturers with Gen AI-powered virtual sales assistants to support sales and after-sales journeys. Utilizing Gen AI for decoding failure modes can help reduce analysis time by 70%, facilitating proactive decision-making and rapid design enhancements. These advancements represent the company’s commitment to innovation and excellence in engineering the vehicles of tomorrow.

Key highlights and recognitions:

• Tata Technologies and BMW Group have signed a strategic Joint Venture Agreement to collaborate for the development of Automotive Software and Business IT solutions.
• Tata Technologies has renewed its engineering center contract and won strategic deals in AMR Controls and Embedded Software with a leading global designer and manufacturer of access equipment based in North America.
• A leading North American bus manufacturer has onboarded Tata Technologies as its Strategic Engineering partner for Engineering support services engagement.
• A premium UK-based global automotive original equipment manufacturer (OEM) has partnered with Tata Technologies to implement Manufacturing Execution Solutions for a modern luxury electric car.
• Tata Technologies has inked a 5-year Memorandum of Understanding (MoU) with the Telangana government to establish Advanced Technical Skill Training Centers in 65 Industrial Training Institutes in the state.

The post Tata Technologies Delivers 15.9% Revenue Growth And 17.1% Growth In PBT In FY24 appeared first on NRI News.