Lokesh Machines Limited has received a supply order from the Directorate General of Sashastra Seema Bal (SSB), Ministry of Home Affairs, Government of India. The order is valued at INR 95.0 million and involves the supply of 9x19mm submachine guns (SMGs) along with accessories, with execution scheduled within 180 days from the date of the […]
Honeywell Aerospace Technologies has appointed Arun TV as Chief Procurement Officer as the business prepares for a planned spin-off later in 2026. The appointment comes as the company focuses on strengthening its supplier ecosystem and supply chain capabilities to support operational and business growth. “I’m excited to share that I have joined Honeywell Aerospace Technologies […]
Agnikul Cosmos Private Limited, a spacetech startup incubated at the Indian Institute of Technology (IIT) Madras, has received approval for an equity investment of INR 250 million from the Tamil Nadu government through the Tamil Nadu Industrial Development Corporation (TIDCO). The investment forms part of the state’s TIDCO Startup Investment Policy 2025, which is intended […]
Sigma Advanced Systems Limited announced a reconstitution of its board as the company prepares for expansion in the aerospace and defence sector. The move includes the induction of Lt. Gen. B. S. Raju (Retd.), Ambassador Nagendra Prasad, and Kartheek Raju as independent directors. The revised board structure is intended to strengthen governance and strategic oversight […]
Sigma Advanced Systems Limited has completed the divestment of its entire 36.52 percent equity stake in Extrovis AG, a Switzerland-based pharmaceutical company. The transaction generated USD 15 million, providing additional financial flexibility as the company expands its aerospace and defence operations. The proceeds from the divestment amount to approximately INR 1.3761 billion. The company said […]
Hirose Electric Co., Ltd., a Japanese manufacturer of precision connectors and electronic components, exchanged a memorandum of understanding (MoU) with the Government of Tamil Nadu to establish a manufacturing facility for connectors and electronic components in the state. The project represents the company’s first manufacturing facility in India. In an official statement, the Government of […]
Eugen Forschner GmbH began production at its new plant in Chennai, India, on 24 February 2026, marking the start of operations at the facility and the company’s entry into local manufacturing in the Indian market. The plant forms part of the company’s expansion through its subsidiary Forschner Automotive India Private Limited, incorporated in October 2025. […]
NEUMAN & ESSER India inaugurated a new facility in Pune that will assemble compressors for the Indian market and export markets. The site will also assemble carbon dioxide (CO2) compressors and five megawatt proton exchange membrane (PEM) electrolysers as part of the company’s equipment portfolio. The facility will manufacture and package compressors and will operate […]
AS-Schneider India, the Indian subsidiary of Germany-based AS-Schneider, has inaugurated a new production facility in Coimbatore, Tamil Nadu, expanding the company’s manufacturing footprint in India and integrating the site into its global production network. The facility produces valves and manifolds for the process industry and supports demand in India and the wider Asia-Pacific region. Production […]
Jeh Aerospace has appointed Robb Hudson as Chief Growth Officer as the company expands its aerospace manufacturing operations and customer partnerships across the United States, Europe, and India. The appointment comes as the company scales its capabilities to support growing demand for diversified aerospace supply chains. Hudson, based in the United States, brings more than […]
