The sector has a negative trade balance, which has been increasing in recent times. Its annual exports amount to Rs 20,000 crore.Mission Plan for electrical equipment sector in the pipeline

Leading global elevator company ThyssenKrupp Elevator today said it bought 25.1 percent stake in Eros Elevators & Escalators for an undisclosed sumThyssenKrupp Elevator buys 25% stake in Eros Elevators

IVRCL Ltd is in talks with a clutch of foreign investors to sell one of its road projects in the southern Indian state of Tamil NaduIVRCL hires Ernst & Young to find buyer for road project

Bharat Heavy Electricals (BHEL) is looking at South Africa for marketing its circulating fluidized bed combustion (CFBC) boilers.BHEL looks at South African market for CFBC boilers

Sany Heavy Industry, a major Chinese manufacturer of construction equipment will acquire the German concrete pump maker, Putzmeister Holding GmbH.Sany acquires German company Putzmeister

TTL will integrate its employees, national distribution network , customer care and accredited calibration labs with Fluke.USA's Fluke Acquires TTL Technologies

Larsen and Toubro (L&T) is expecting a 10 per cent growth in sales from its electrical and automation business in the next financial year.L&T eyes 10% growth in sales from electrical, automation business in FY13: Source

Escorts Ltd, a maker of critical railway components, said it has inked a licencing and technology pact with a US-based firm 'Honeywell' for technical assistance on railway brake systems.Escorts inks pact with US firm Honeywell for technology assistance

Praj Industries has acquired an over 50% stake in water treatment company Neela Systems, of Mumbai.Praj Industries acquires water treatment company Neela Systems for Rs. 64 crore

Modi group's Morgardshammar India, a rolling mill equipment manufacturer, has been restrained from using the Morgardshammar trademark by the Delhi HC. HC: Modi group's firm barred from using Morgardshammar trademark

Large diameter pipe maker PSL said it has bagged orders worth Rs 924 crore in the last quarter.Pipe maker PSL bags Rs 924 crore orders

Varghese Daniel, founder/CEO, Wrench Solutions told ET that the company has signed a contract with China Petroleum Engineering & Construction Corporation.Kochi-based Wrench Solutions forays into China

PIL is in "advanced talks" with American defence giant Raytheon to create a JV that will pursue opportunities in homeland security in India and abroad.RIL, Raytheon may form homeland security JV

Sanghvi Forging & Engineering Ltd (SFEL) today announced it has bagged orders worth Rs 4 crore from the domestic and overseas market.Sanghvi Forging & Engineering bags Rs 4-crore orders

Larsen and Toubro said its shipbuilding arm, L&T Shipbuilding, will sign a licensing and technological collaboration agreement with MHI. Larsen and Toubro, Mitsubishi to sign technology pact for ship building