Industry News

Ballard Power Systems today announced the commissioning and deployment of an initial 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. The buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd., on demonstration route #682 from Gaofeng Park Station to Shuidu Industrial Park Station. The buses are 11 meters in length and feature..."/>
First Ballard-Powered Buses Hitting the Road in China's Largest Fuel Cell Bus Deployment
Ballard Power Systems today announced the commissioning and deployment of an initial 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. The buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd., on demonstration route #682 from Gaofeng Park Station to Shuidu Industrial Park Station. The buses are 11 meters in length and feature advanced safety systems, 80..."/>
First Ballard-Powered Buses Hitting the Road in China's Largest Fuel Cell Bus Deployment
Mint, New Delhi, P. Manoj column [Mint, New Delhi]
Religare Enterprises Ltd, plans to raise Rs650 crore through a sale of stock to existing shareholders to boost its capital adequacy ratio, two people close to the development said. The so-called rights issue comes against the backdrop of the company writing off its large exposure to ABG Shipyard Ltd. The exposure is estimated at Rs180 crore. Religare Finvest has a capital adequacy ratio of below 10%."/>
Religare Finvest plans to raise Rs650 crore through rights issue [Mint, New Delhi]
InterGlobe Aviation Ltd, has started inducting updated Airbus A320neo planes into its fleet and, according to one analyst, could potentially raise its market share to as much as 50% by next year. IndiGo, which in 2011 became the first airline to order 430 of these fuel-efficient planes, has faced delivery delays as Pratt and Whitney Co. Inc., the maker of its engines, coped with engine startup issues and software glitches."/>
IndiGo adds new A320neos to fleet in market share push [Mint, New Delhi]
United Breweries Ltd chairman Vijay Mallya, at the centre of a money laundering probe, told shareholders on Thursday he was confident that charges against him will be dropped, hours after the company posted an over-13-fold rise in net profit. Net profit at United Breweries, India's largest brewer, rose to Rs.29.47 crore in the June quarter from Rs.2.16 crore in the same period a year ago, a BSE filing showed. The embattled business tycoon told the annual general..."/>
Vijay Mallya confident of judicial relief in pending cases [Mint, New Delhi]
No slowdown seen in commercial real estate [The Miami Herald]
AECOM to perform a waterway planning study of the Corpus Christi Ship Channel. The panel's unanimous vote brings to $2.1 million the port has spent in recent weeks on consultants whose findings will be used to coordinate its..."/>
Port adds consultant for channel improvement plan [Corpus Christi Caller-Times, Texas]
Alterra International has the 13- story downtown St. Louis building under contract, said he plans to complete the purchase in December."/>
Jefferson Arms project could begin in January [St. Louis Post-Dispatch]
Erickson Incorporated, a leading global provider of aviation services, has a long-term helicopter support contract with Chugach Electric Association, which has been extended for two additional years as permitted in the original contract award. The extension will retain Erickson through December 31, 2018. The assigned mission will be to fly essential crew and contractors into remote locations, conduct powerline patrols, mountaintop microwave..."/>
Alaska residents continue to rely on Chugach Electric, and Chugach relies on Erickson for Helicopter Support
SolarCity's cash crunch continues to ease. The solar energy systems installer plans to raise $347 million to fund solar installations at homes and small businesses through a pair of funds arranged through Citigroup. The financing, coupled with a $305 million cash equity funding deal earlier this months, will give SolarCity more than $650 million in new financing to pay for its solar installations, many of which are sold using SolarCity's no-upfront cost sales model."/>
Citigroup, SolarCity reach deal to cover upfront installation costs for systems [The Buffalo News, N.Y.]
Vectrus, Inc. announced today the government did not select the company's contract proposal to provide comprehensive support services for all U.S. Vectrus is the incumbent contractor providing these services, under the Kuwait Base Operations& Security Support Services contract which currently runs through Dec. 28, 2016.. K-BOSSS, the largest contract in the Vectrus portfolio, has contributed $218 million in revenue through..."/>
Vectrus statement on Army award of Kuwait Base Operations and Security Support Services 2.0 Award
AECOM, a premier, fully-integrated global infrastructure firm, announced today that Mark Whitney, experienced veteran of the nuclear energy and environmental industries, has been appointed chief operating officer of AECOM's nuclear& environment strategic business unit. Following an 11- year career with the Department of Energy, Mr. Whitney joins AECOM having most recently served as the principle deputy assistant secretary for the..."/>
Mark Whitney is appointed chief operating officer of AECOM's nuclear & environment strategic business unit
Engility Holdings, Inc., will be unveiling several innovations to support Army modernization at the 2016 Association of the United States Army Annual Meeting and Exposition in Washington, D.C., Oct. 3-5, showcasing advanced capabilities in robotics, mobile training applications and soldier wellness..."/>
Emerging Technologies for Evolving Missions: Engility Showcases Full Life Cycle of Innovation at AUSA 2016
Austal Inc. and partners including other maritime companies, the Alabama Department of Labor, the Alabama Career Center System and Bishop State Community College. It will take place from 9 a.m. to 1 p.m."/>
Austal, other companies plan maritime job fair Tuesday [Alabama Media Group, Birmingham]

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