March 05, 2026 12:27 am (IST)
Follow us:
Indsur expands to newer markets under 'Make in India' campaign
Mumbai/Kolkata, Mar 9, (IBNS) Indsur Global Ltd, manufacturer of Power Infrastructure Castings, has tied up with reputed Global Industrial Group (GIG) of Russia, a leading Power insulator manufacturer, for long term supply of castings.
The initial commitment is for order valued at S 10 mn, which will be supplied in next eighteen months.
The supplies would commence from April 2015 onwards.
The contract was agreed upon and signed between Yaakov Denis, CEO, GIG Group and Amit Lodha, Director, Indsur Group, during former’s visit to India recently. It is important to note that prior to the arrangement, GIG Group was sourcing its supplies from China.
Commenting on the occasion, S.M. Lodha, Chairman, Indsur Group said, “We at Indsur have always believed in raising the bar when it comes to scale, quality and cost efficiency. In doing so, we have become a supplier of choice to marquee global companies. The tie-up with GIG Group is yet another step that proves our commitment to sustained value creation for our Stakeholders as well as for the nation.”
He further added, “We are proud to advocate and Support the Hon. Prime Minister Shri Narendra Modi’s call for “Make in India” and are fully committed towards establishing India at the forefront of preferred sourcing destinations, globally. In last few years, we are proud to have successfully promoted 'make in India' brand quiet aggressively in European countries and against Chinese competition. Entering Russian market is just a small step in a long journey that lies ahead of us.”
Speaking on the development, Yaakov Denis, CEO, GIG Group said, “We have always believed that India has the right potential to deliver cost efficient high quality Products. Our agreement with Indsur Group crystallizes our belief. We look forward to scaling our sourcing in bigger way in line with our long-term growth plans and a mutually beneficial relationship for each of us.”
GIG is one of the leading business groups in Russia that also manages two power Insulator units, viz. JSC Yuzhnouralsky Insulators & Fittings Plant, Russia and Lviv Insulator Company Ltd., Ukraine; and are the leading manufacturers of glass and porcelain insulators, line fittings for overhead transmission line.
GIG group has a major supply arrangement of power insulators in technically advanced European countries like Bulgaria, Norway, Finland, etc. Indsur is already supplying power infrastructure castings to large number of European countries including technologically advanced countries like Germany, Austria, Italy, etc.
Recently, Indsur had put up a state-of-art plant for making such infrastructure castings and is today a market leader not only in India but in overseas markets with significant presence as well.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Oil tankers halted, insurance pulled — Is Trump’s Hormuz gamble about to cost India dearly?
Wed, Mar 04 2026
Rs 9.7 lakh crore wiped out! Sensex tanks, rupee breaches 92 amid Middle East crisis
Wed, Mar 04 2026
Big investment alert! Bajaj Life unveils new opportunities fund — Should you jump in?
Mon, Mar 02 2026
Gold, silver surge as Middle East conflict sparks safe-haven buying
Mon, Mar 02 2026
Market panic! Sensex nosedives, Nifty tumbles as Iran–US-Israel conflict spooks investors
Mon, Mar 02 2026
Netflix shares jump 10% after quitting Warner Bros. Discovery bid
Sat, Feb 28 2026