KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has received Letters of Award and Intent to develop solar power projects with a total capacity of 32.15 megawatts (MW). These projects will be undertaken under the company’s Captive Power Producer (CPP) business segment. The contracts were awarded by multiple domestic entities, […]
Aeroflex Industries Limited has increased its stainless steel hose and braiding production capacity by 1.5 million meters annually, bringing its total capacity to 16.5 million meters per year. The company also expanded its composite hose production by adding three new production lines, doubling the number to six. Additionally, Aeroflex has launched a new product, Metal […]
The Government of Uttar Pradesh is progressing with the establishment of a Medical Device Manufacturing Park in Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA) region. Spanning 350 acres, the park aims to support domestic manufacturers with cost-effective testing and scientific facilities, potentially reducing production costs and enhancing the competitiveness of locally manufactured […]
Bharat Petroleum Corporation Ltd (BPCL) has announced plans to develop a greenfield refinery and petrochemical complex on the East Coast of Andhra Pradesh, with an estimated investment of ₹6,100 crore. The company has stated that its board has approved the commencement of pre-project activities, including feasibility studies, land identification and acquisition, environmental assessments, and engineering […]
National Thermal Power Corporation (NTPC) Limited and Clean Core Thorium Energy (CCTE), a U.S.-based company, have announced a collaboration to explore the development and deployment of a thorium-based nuclear fuel called ANEEL (Advanced Nuclear Energy for Enriched Life) for use in Pressurized Heavy Water Reactors (PHWRs). The initiative is subject to approval by the respective […]
Dixon Electro Manufacturing, a subsidiary of Dixon Technologies (India), has signed a memorandum of understanding (MoU) with Cellecor Gadgets to manufacture refrigerators and related components, according to a company press release. The collaboration aims to enhance domestic production capacity and meet the increasing demand for refrigeration products in India. Cellecor Gadgets, known for its consumer […]
Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors joining discussions on a proposed business integration between Nissan and Honda. The agreement follows a prior MOU signed by Nissan and Honda on August 1, which outlined plans to […]
Leanworx, a Bengaluru-based company specializing in real-time machine monitoring systems, has raised ₹8.3 crore in a seed funding round. According to the company, the funding was led by YourNest Venture Capital, contributing ₹6.5 crore, alongside ₹1.5 crore from an angel investment group. The investment is part of the YourNest-SanchiConnect Velocity Program 2024, which supports startups […]
Karl Schüssler GmbH & Co. KG has announced the creation of its wholly-owned subsidiary, Schuessler India Private Limited. This move aims to enhance the company’s operations in the Indian market by offering localized support, invoicing in Indian Rupees, and maintaining stock within the country. Schuessler India will focus on meeting the needs of industries such […]
Chinese electronics company Hisense Group is set to acquire a 15-26% stake in a new manufacturing plant being developed by Epack in Sri City, Andhra Pradesh. The facility, focusing on the production of air conditioners and washing machines, represents an initial investment of ₹250 crore in its first phase, according to a report by PTI. […]
