February 11, 2026 02:03 pm (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
Britannia shares jump 4% after Q3 results beat expectations!
Wed, Feb 11 2026
Govt opens BHEL OFS: 5% stake on sale – here’s what you need to know
Wed, Feb 11 2026
Department of Posts, NSE sign MoU to advance financial inclusion through mutual fund distribution
Tue, Feb 10 2026
White House clarifies India–US trade deal after Trump’s ‘zero tariff’ claim sparks buzz
Tue, Feb 10 2026
Deepinder Goyal exit shock fades as Zomato parent Eternal rallies 6% to multi-month high
Tue, Feb 10 2026
India steals the spotlight at BIOFACH 2026 as ‘Country Of The Year'
Tue, Feb 10 2026
Street can’t ignore this stock! Sansera Engineering rockets 12% after Q3 numbers drop
Tue, Feb 10 2026
India must push for energy independence amid global uncertainty: Vedanta chairman Anil Agarwal
Mon, Feb 09 2026
JK Tyre stock rallies on robust Q3 results, margins expand sharply
Mon, Feb 09 2026