MASH Makes, an Indo-Danish company that specializes in biofuels and biochar, has initiated Phase 2 of its carbon removal facility in Udupi, Karnataka, following a groundbreaking ceremony attended by stakeholders, including representatives from India and Denmark. The expansion, once completed, is expected to double the facility’s production capacity to 7,000 tonnes of biofuel and 14,000 […]
KEC International Ltd. has announced the acquisition of new orders totaling ₹1,136 crore across multiple business verticals, as stated in a company press release. These contracts are part of the company’s ongoing efforts to expand its project portfolio in key infrastructure sectors. In the Transmission & Distribution segment, the company has secured a 765 kV […]
Shakti Pumps (India) Limited has announced an investment of ₹3.8 crores in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL). The investment involves the subscription to 3.8 crore equity shares with a face value of ₹1 each, according to a press release issued by the company. SESPL, incorporated in 2010, operates in the […]
Kolkata-based engineering and manufacturing company Nipha Group has announced an investment of ₹180 crore over the next two years to expand its operations in India, according to a report by Press Trust of India. The plan includes the establishment of two greenfield projects in West Bengal, a brownfield expansion, and the acquisition of a U.S.-based […]
DAEWOO India, a subsidiary of the South Korean conglomerate, has announced plans to increase local production to 70% in India, according to a report by The Hindu Business Line. Presently, 30-35% of its products are manufactured locally, according to Managing Director HS Bhatia. Manufacturing Strategy and Investments The company plans to invest ₹300 crore as […]
Happy Forgings Limited (HFL) has announced a ₹650 crore capital investment to develop advanced forging and machining capabilities for heavyweight components. This initiative aims to cater to various industrial segments beyond the automotive sector. The new facility will focus on producing components such as large crankshafts for industrial and marine applications, axles, gears, oil and […]
NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy, has been awarded a 1,000-MW solar power project through a bidding process conducted by Uttar Pradesh Power Corporation Limited (UPPCL). The project was finalized during an e-reverse auction on January 3, 2025, under a tariff of Rs 2.56 per kWh. The project is part […]
Sealmatic India Limited, a manufacturer and supplier of mechanical seals, has announced a strategic partnership with Fluiten OOO, a Russian firm specializing in mechanical seals. The collaboration aims to expand Sealmatic’s presence in the Russian market, focusing on the sale, repair, and refurbishment of mechanical sealing solutions. The partnership will cater to major Russian industries, […]
The Ministry of Heavy Industries has approved ₹246 crore in incentives for Tata Motors and Mahindra & Mahindra (M&M) under the production-linked incentive (PLI) scheme for the financial year 2023-24. The incentives recognize sales of electric vehicles and components under the government’s initiative to promote advanced automotive technologies. Tata Motors received ₹142 crore in incentives […]
Samuthra Infrastructure Pvt. Ltd. has announced plans to develop industrial and business parks in over 10 Indian states, with a total investment of $10 billion. According to the company, the initiative aims to expand infrastructure for industries including automotive, electronics, textiles, and information technology. The first phase of development will focus on Tamil Nadu, with […]
