VVDN Technologies, an electronics manufactring company, has announced plans to set up a new manufacturing facility in the United Arab Emirates as part of its international expansion strategy. The plant, which is expected to become operational in four weeks, will cater to customers in the United States, Europe and the MENA region. According to the […]
Endurance Technologies Limited, a manufacturer of automotive components, is set to expand production capacity for anti-lock braking systems (ABS), disc brake systems, and brake discs at its plant in Waluj, Chhatrapati Sambhajinagar, Maharashtra. The expansion, requiring a total investment of INR 1.36 billion, is scheduled to be completed in the fourth quarter of the financial […]
TAKRAF India has completed the refurbishment of a bucket-wheel excavator (BWE 1422) for NLC India Limited (NLCIL), marking the third of four orders awarded to the company in July 2024. The equipment was successfully recommissioned on 18 July 2025 following a 12-month overhaul. The BWE 1422, originally commissioned in 1992 for overburden removal at NLCIL’s […]
Schmitz Cargobull AG is set to acquire a 27.5 percent equity stake in Pune-based Sub Zero Insulation Technologies (SZIT) as part of a plan to expand its presence in India’s cold chain logistics sector. The agreement also provides Schmitz Cargobull with an option to increase its shareholding in the future. Sub Zero manufactures more than […]
Hindustan Zinc Limited has approved the construction of a zinc tailings reprocessing plant at Rampura Agucha in Bhilwara district, Rajasthan. The project involves an investment of up to INR 38.23 billion and is designed with a capacity of 10 million tonnes per annum (MTPA). The facility is scheduled for completion within 28 months. The plant […]
Foxconn has commenced production of the iPhone 17 at its new facility in Devanahalli, Bengaluru. Opened in August 2025, this plant is Foxconn’s second-largest unit outside China, established with an investment of approximately USD 2.8 billion (about INR 250 billion). The Bengaluru facility supplements iPhone 17 production already underway at Foxconn’s Chennai unit. Situated within […]
Titagarh Rail Systems Limited will form a wholly owned subsidiary, Titagarh Naval Systems Private Limited (TNSPL), which will take over its Shipbuilding and Maritime Systems (SMS) business as a going concern. The company will acquire the entire share capital of TNSPL for INR 10,000, subject to regulatory approvals. The new entity is intended to provide […]
Pavna Industries Limited has entered into a joint venture agreement with Taiwan-based SmartChip Microelectronic Corporation (SMC) to develop electronic lock systems and electric vehicle (EV) components. Pavna will hold an 80 percent equity stake in the venture, while SMC will hold 20 percent. Under the agreement, Pavna will provide operational, manufacturing, and procurement expertise and […]
JSW Steel and POSCO Group have signed a non-binding Heads of Agreement (HoA) to explore the establishment of a 6 million tonnes per annum (MTPA) integrated steel plant in India. The two companies plan to form a 50:50 joint venture, with Odisha under consideration as a potential site. The HoA, signed in Mumbai, follows a […]
Garden Reach Shipbuilders and Engineers (GRSE) Ltd has delivered the Survey Vessel (Large) Ikshak to the Indian Navy on 14 August 2025. The vessel is the third in a series of four Sandhayak-class ships being constructed by GRSE. The previous ships in the series, INS Sandhayak and INS Nirdeshak, were delivered in December 2023 and […]
