KETO Motors has signed a memorandum of understanding (MoU) with the Government of Telangana to establish an electric bus manufacturing facility in Jadcherla. The agreement was concluded during the Telangana Rising Global Summit 2025 at Bharat Future City. The project involves an investment of INR 3 billion and will focus on producing nine-metre electric buses, […]
L&T Technology Services Limited inaugurated a Global Development Center – APAC in Pune on 10 December 2025 as part of a multi-year engagement with Palfinger, the Austria-headquartered manufacturer of crane and lifting solutions. The centre is anchored within the company’s Mobility segment and is intended to support Palfinger’s localisation roadmap and next-generation digital transformation initiatives. […]
Mount Roofing & Structures Private Limited, a manufacturer of PUF panels and a solutions provider in pre-engineered buildings (PEB) and polycarbonate sheets, inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur, Karnataka, on 9 December 2025. The expansion forms part of a […]
Apollo Micro Systems Limited, a defence and aerospace technology company, said it has signed a memorandum of understanding (MoU) with the Government of Telangana to set up a greenfield defence manufacturing project in the state. The company said the MoU was signed on 8 December 2025 in Hyderabad and that the proposed project entails an […]
Aequs Limited, a vertically integrated precision manufacturing company focused on the aerospace sector, saw its INR 9.22 billion initial public offering close with an overall subscription of 101.63 times. The offer drew bids for 4.27 billion shares against 420.27 million shares on offer, reflecting strong demand across investor categories. The IPO, which was open for […]
Rishabh Instruments Limited has signed a EUR 1 million contract with an electrical equipment supplier in Europe for the supply of low voltage current transformers (CTs), with deliveries scheduled equally across financial years FY26 and FY27. The company announced the development on 8 December 2025, stating that the agreement followed several months of collaboration to […]
Texmaco Rail & Engineering Limited (Texrail) and Nymwag have completed construction of a new freight wagon manufacturing facility in Kolkata under their joint venture, Texmaco Nymwag Rail and Components Private Limited. The plant is designed for an annual output of 2,500 wagons and has now entered pilot production. The partners expect the first completed wagon, […]
Gujarat Fluorochemicals Limited has announced that the International Finance Corporation will invest about USD 50 million in its subsidiary GFCL EV Products Limited to develop an integrated battery materials facility. The investment will be made through compulsorily convertible instruments and is intended to expand domestic capacity in battery chemicals, cathode active materials and binders. According […]
Precision Camshafts Limited outlined its ongoing programme execution and capital commitments across its camshaft and e-mobility operations. The company reported progress on several engine programmes awarded over the past year, supported by an investment of approximately INR 1.2 billion to establish new manufacturing plants in Solapur. These programmes include supplies for Maruti Suzuki’s new three-cylinder […]
Cyient Semiconductors, a provider of custom ASIC and intelligent power solutions, has qualified for a contract linked to the modernisation of the Semi-Conductor Laboratory (SCL) in Mohali, Punjab. The company said in a press release that the mandate covers the supply and qualification of technology IPs for the INR 45 billion upgrade initiative, which forms […]
