Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Schaeffler India launches 'OPTIME' making condition monitoring cost-effective for all plant assets

Posted On: 2020-10-14 06:09:40


Leading industrial and automotive supplier (BSE: 505790, NSE: SCHAEFFLER launched a new product called 'OPTIME'. It is an efficient and easy-to-use low-cost solution designed specifically for comprehensive condition monitoring of all process-critical assets across entire machine and equipments. Schaeffler OPTIME provides automated condition monitoring at a cost-effective but efficient manner making it very convenient for maintenance personnel and facility operators. The India launch of OPTIME is a part of the overall launch in the entire Asia Pacific region.

OPTIME is an easily scalable system that consists essentially of wireless, batterypowered vibration sensors, a gateway, and an app to visualize the resulting analysis data. The data captured by the sensors are analyzed using specially developed algorithms that draw on Schaeffler's technical expertise, which is developed and refined over many decades. OPTIME provides several weeks' early warning of damage to machine components such as electric motors, fans, and pumps. It also provides early warning of imbalances, misalignments, and knocking.

Introducing the product Mr. Harsha Kadam, CEO, Schaeffler India and President Industrial Business, said, "The impact of unplanned downtimes are far more damaging than revenues alone, and brings forth multiple challenges in any manufacturing or processing unit. For cost reasons, permanently installed continuous condition monitoring systems are typically used only for production machines that are directly process-critical. Therefore, in process and automation industries, it is not uncommon for up to 95 percent of all assets in a production facility to be either totally unmonitored or monitored only periodically by means of route-based, manual measurements. With Schaeffler OPTIME, however, comprehensive and automated condition monitoring is now a cost-effective proposition for maintenance personnel and facility operators."

He further added that, "With OPTIME, in-house maintenance crews and external service contractors receive specific recommendations on the remedial steps required, so they can easily plan their maintenance work, manpower requirements, and spare parts procurement in a timely and cost-efficient manner."

Technical Description:

OPTIME can be installed and initial operation carried out without any prior condition monitoring expertise, and several hundred measuring points can easily be set up in the space of a single day. The vibration sensors are attached to the monitored assets by means of screws or adhesive, and are activated by the accompanying app, which connects to them via near-field communication (NFC). All installed sensors communicate autonomously with each other and the gateway, thereby forming a dedicated mesh network that ranks among the most reliable and energy-efficient types of IoT networks in use in industry today. The sensors in the mesh network transmit machine KPI data and raw vibration and temperature data via the gateway to the Schaeffler IoT Hub. The hub analyzes the data, and the results are displayed in the app, which supports a very wide range of end devices commonly used by maintenance teams and plant operators. Alternatively, the analysis results can be made available for integration into the customer's own IT environment via a REST API.

The app provided along with Schaeffler OPTIME presents trends in graph form and visualizes the severity of incidents using traffic light colours, alarm states, and other information. Assets can be grouped according to users' requirements, and their condition can be presented in a range of user group-specific views.

Cost savings of up to 50 percent:

OPTIME can yield cost savings of around 50 percent compared with monthly offline measurements made using hand-held devices. It also provides betterquality monitoring than most wireless online CMS systems thanks to its complex, algorithm-based analytics. Moreover, OPTIME can be used for a multitude of assets for which condition monitoring was previously not commercially viable, which makes it the first solution capable of providing an overview of machine states that is truly comprehensive and encompasses all subsystems and auxiliary assets. This is important, because the automated condition monitoring of all assets is fundamental to the reliable prevention of unplanned machine and plant shutdowns.

Shares of Schaeffler India Ltd was last trading in BSE at Rs.3510 as compared to the previous close of Rs. 3555.35. The total number of shares traded during the day was 155 in over 102 trades.

The stock hit an intraday high of Rs. 3577.8 and intraday low of 3455.25. The net turnover during the day was Rs. 546045.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Muthoot Finance Ltd board to consider Q2FY21 results on Nov 3, 2020

Subex Ltd allots 56,20,02,935 equity shares pursuant to capital reduction

Edelweiss Financial Services Limited board to approve Q2 results on Oct 30, 2020

Vedanta Limited board approves first interim dividend of Rs. 9.50

Calcom Vision Ltd posts Q2FY21 PAT of Rs. 0.33 crore

Rossari Botech Ltd Q2FY21 consolidated net profit higher at Rs. 20.69 crore

Vardhman Textiles Ltd reports Rs. 60.22 crore consolidated PAT in Q2FY21

ICICI Bank gets approval for closing down operations in Sri Lanka

Aditya Vision Limited opens 51st showroom at Manpur, Gaya, Bihar

Ashoka Kandi Ramsanpalle Road Pvt Ltd receives financial closure letter from NHAI

Jasch Industries Ltd Q2FY21 PAT at Rs. 1.83 crore

The Anup Engineering Ltd board to announce Q2FY21 results on Oct 31, 2020

ZF Steering Gear India Ltd Q2FY21 loss at Rs. 0.97 crore

Polycab India Ltd Q2FY21 consolidated PAT rises to Rs. 220.54 crore

KSB Limited to invest in solar power plant SPV

Redington Gulf omcreases stake in Citrus to 100%

Ultramarine & Pigments Ltd board to announce Q2FY21 results on Nov 10, 2020

Mr. Raghav Bahl, promoter of Quint Digital Media Limited decides against converting bulk of the warrants

ITC Ltd board to consider Q2, H1 results on Nov 6, 2020

Persistent Systems Limited appoints Mr. Sandeep Kalra as CEO

Persistent Systems Ltd Q2FY21 consolidated net profit climbs to Rs. 101.98 crore

DXC Technology India Pvt Ltd announces Rs. 56.50 as indicative price for delisting offer of Xchanging Solutions Limited

Huhtamaki PPL Ltd Q3CY20 net profit at Rs. 36.88 crore

LIC Raises Stake to 5.27% in IRB Infrastructure Developers Ltd.

Nestle India Ltd appoints Mr. Matthias C Lohner as Executive Director - Technical

Bank of Baroda approves issue of Basel III compliant AT-1 bonds for Rs. 2755 crore

Punjab & Sind Bank declares IFIN NPA account as fraud

Asian Granito India Ltd Board approves sub-division of equity shares

Supreme Petrochem Ltd Board declares Interim Dividend of Rs. 2.50

Nestle India Ltd board declares interim dividend of Rs. 135

National Plastic Technologies Ltd Q2 PAT at Rs. 0.47 crore

Sudarshan Chemical Industries Ltd Q2FY21 consolidated net profit at Rs. 30.33 crore

Supreme Petrochem Ltd Q2FY21 PAT jumps to Rs. 86.15 crore

Nestle India Ltd posts Q3CY20 net profit of Rs. 587.09 crore

Zenith Steel Pipes & Industries Ltd issues equity shares at Rs. 10

Vippy Spinpro Ltd posts net profit of Rs. 0.75 crore in Q2FY21

Tech Mahindra Ltd arm to acquire Momenton

ICICI Lombard General Insurance Company Limited reports Q2FY21 earnings

Genus Power Infrastructures Ltd Q2FY21 consolidated net profit at Rs. 0.89 crore

Bhageria Industries Ltd Q2FY21 consolidated PAT at Rs. 16.15 crore

WABCO India Ltd posts Rs. 35.10 crore PAT in Q2FY21

Benares Hotels Ltd Q2 loss at Rs. 3.02 crore

Tech Mahindra Ltd Board declares special dividend of Rs. 15

Duncan Engineering Ltd reports net profit of Rs. 1.64 crore in Q2

Control Print Ltd Q2 consolidated PAT rises to Rs. 7.42 crore

Tech Mahindra Ltd arm to acquire Tenzing Group

YES Bank Ltd reports consolidated PAT of Rs. 120.25 crore in Q2

Aarti Drugs Ltd board approves raising of upto Rs. 350 crores

Lupin Wins Five INDIASTAR 2020 Awards for Excellence in Packaging

Aarti Drugs Ltd Board approves interim dividend of Rs. 2.5 for FY21







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019