March 20, 2026
Setco Automotive Limited approved a series of transactions on 20 March 2026 to acquire additional equity shares, non-convertible debentures, and assign inter-company loans related to Lava Cast Private Limited, resulting in the entity becoming a wholly owned subsidiary. This reflects a shift towards simplifying the group’s corporate structure rather than expanding operations. The company acquired […]
March 20, 2026
Phillips Machine Tools India Private Limited announced a strategic partnership with 2OneLab to manufacture Laser Powder Bed Fusion (LPBF) systems at its facility in Chakan, Pune. The partnership is intended to support the development of a domestic supply chain for advanced manufacturing technologies and expand access to additive manufacturing solutions across industries in India. “Additive […]
March 19, 2026
Thermotech Research Laboratory (TRL) inaugurated a new test facility in Neemrana, India, aimed at strengthening third-party testing infrastructure for heating, ventilation, air conditioning, and refrigeration (HVACR) products. The facility is expected to support certification testing requirements across India and neighbouring markets while expanding research and development capabilities. The development follows a memorandum of understanding (MoU) […]
March 19, 2026
Oerlikon inaugurated an extension to its regrinding and forming tools operations in Ahmedabad. The development is aimed at strengthening local service capabilities to address increasing demand for tool reconditioning and coated tools in the western region of India. The extension enhances the company’s ability to handle complex and high-volume requirements through expanded CNC regrinding capabilities. […]
March 19, 2026
Tata Steel Limited approved a scheme to amalgamate Neelachal Ispat Nigam Limited (NINL) with itself and an investment of up to USD 2 billion in its wholly owned subsidiary at its board meeting held on 17 March 2026. The decisions are subject to regulatory approvals and are aimed at restructuring operations and supporting overseas business […]
March 18, 2026
Sumeet Industries Limited on 18 March 2026 announced the acquisition of assets at a polyester chips manufacturing plant in Surat to expand its production capacity. The transaction, valued at approximately INR 234.7 million, will provide the company with full control of the acquired assets and is expected to be completed within 180 days from 17 […]
March 18, 2026
Solarium Green Energy Limited has commissioned a solar module manufacturing facility with an installed capacity of approximately 1 gigawatt in Ahmedabad, Gujarat. The development marks the implementation of the company’s backward integration strategy announced in June 2025 and expands its capabilities beyond engineering, procurement, and construction (EPC) services. The facility has been established with fully […]
March 18, 2026
Cadence Design Systems, Inc. has appointed Alok Jain as Managing Director for its India operations, where he will oversee strategic growth, operational scaling, and collaboration with government, academia, and industry stakeholders. The appointment reflects the company’s continued focus on expanding its research and development (R&D) activities in India, which accounts for a significant share of […]
March 17, 2026
Time Technoplast Limited has secured an order valued at approximately INR 1.16 billion for the supply of Type IV composite cylinders and mobile storage cascades for compressed natural gas (CNG). The order has been awarded by a public sector undertaking for deployment across city gas distribution (CGD) networks in India, with execution scheduled within one […]
March 17, 2026
Tembo Global Industries Limited said its subsidiary Tembo Classic Engineering Private Limited has entered into a non-disclosure agreement (NDA) with a public sector undertaking engaged in defence production. The agreement is intended to explore a potential business relationship focused on the indigenous development of defence products for the Government of India. The company said in […]
