9SEPTEMBER 2024DEP AND HMII TO JOINTLY OFFER TOOLS FOR INNOVATIVE PRODUCT MANUFACTURINGTATA POWER BAGS CONTRACTS WORTH 11,000 CRORES TO LOCAL SUPPLIERSDetroit Engineered Products (DEP), an engineering solutions and product development company, and creator of the CAE platform, DEP MeshWorks is excited to announce a strategic partnership with the `Design & Engineering' (formerly MSC Software) business unit of Hexagon Manufacturing Intelligence India Pvt Ltd. (HMII). Hexagon Manufacturing Intelligence is a renowned global Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said. The joint ventures between Tata Power and the Odisha government, placed orders worth pioneer in simulation software, offering powerful tools that enhance engineering methods and drive innovation in product manufacturing.Under this new partnership, HMII will support expansion of DEP's groundbreaking CAE platform, DEP MeshWorks, in India. MeshWorks is distinguished by its advanced capabilities such as highly efficient CAE meshing & model assembly tools that cut down model build time drastically, Morphing & Parametric CAE technology for fast design iterations & optimization, Concept CAE modelling with Zero CAD, Process automation that provides 2X to 5X CAE workflow time reduction and much more. This suite of features empowers engineers to tremendously accelerate CAE workflow time, optimize products to meet/exceed performance & reduce cost & weight."Over the years, we've built valued partnerships that have helped us better serve our customers and meet the growing demands of the industries we serve. We are thrilled to collaborate with DEP MeshWorks for its expansion in India. MeshWorks promises to be a revolutionary CAE platform poised to transform product development across industries," said Sridhar Dharmarajan (DS), Executive Vice President & Managing Director of Hexagon Manufacturing Intelligence India. "We look forward to working closely with the DEP team to ensure that our customers always stay at the forefront of technology and innovation". Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the past three years since taking over the state's power distribution operations.These contracts, spread across two major categories like materials and services, have been awarded to local contractors and suppliers.Odisha discoms - TP Central, TP Southern, TP Northern, and TP Western Odisha Distribution Limited have forged agreements with 6,645 local vendors and suppliers, the official said.Within the service sector, covering meter reading, billing, network maintenance and others, the discoms have awarded contracts to 4,347 vendors with a total value of Rs 7,560 crore.Contracts in the materials domain encompass essential components like distribution transformers, cables, poles, LT and HT hardware, laptops, and desktops.In the service domain, contracts cover a wide range of activities, including meter installation, billing, collection, call centre operations, meter reading, and administrative roles such as housekeeping and catering."This initiative not only aligns with Make in Odisha vision but also plays a pivotal role in driving Odisha's economic progress. It has transformed the business landscape, significantly contributing to the economic prosperity of local communities," the company said.
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