Steel Authority of India Limited (SAIL) has launched an expansion and modernization project for its IISCO Steel Plant in Burnpur, West Bengal, with an estimated investment of INR 458.11 billion. The project will add a new plant with a capacity of 4.6 million tonnes (mt), increasing the total installed capacity of the IISCO facility to […]
Hyundai Motor India has started engine production at its Talegaon manufacturing plant in Maharashtra, with operations beginning on June 16. The facility, acquired from General Motors, is part of Hyundai’s INR 60 billion investment in Maharashtra. The company had signed a Memorandum of Understanding with the Maharashtra government in January 2024 during the World Economic Forum […]
Schaeffler India, a manufacturer of auto components, has started partial production of e-axles at its Talegaon Plant 1 in Pune, Maharashtra, marking its entry into system-level e-axle manufacturing for battery electric vehicles. The company also completed the first truck dispatch of e-axles from the facility. The inauguration of the production line was attended by representatives […]
The Indian government has planned several initiatives aimed at increasing the production of 1,000 domestically built merchant ships. A key component of this effort is the establishment of a Maritime Development Fund of INR 250 billion, with the government contributing 49 percent and the remainder to be sourced from ports and the private sector. The […]
Pragati Press Tools India Pvt Ltd, a manufacturer of sheet metal dies and fixtures, has announced the expansion of its operations with the establishment of a new 35,000 sq. ft. manufacturing facility. The company plans to install 10 to 12 new machines at the site to start sheet metal production and increase its manufacturing capacity to […]
Hindustan Copper Limited (HCL) plans to invest INR 20 billion over the next five to six years to expand its mining operations. The company aims to increase its ore production capacity from 4 million tonnes per annum (MTPA) to 12.2 MTPA by the financial year 2030-31. The planned investment will primarily support the expansion of […]
Mahindra Logistics, a provider of logistics and mobility solutions, has launched a new warehousing facility in Phaltan, Maharashtra, spanning over 300,000 square feet. The facility will support Cummins India’s supply chain operations by serving as a centralised intake point, consolidating products from multiple sources for nationwide distribution. The Phaltan facility will enable Mahindra Logistics to manage […]
Construction technology company Hilti’s production plant and multipurpose building in Vadodara, India, have received the Gold Rating from the German Sustainable Building Council (DGNB). This is the first time a building in India has achieved this rating. The DGNB certification is a recognized standard for sustainability in the construction industry and evaluates buildings on environmental, economic, […]
Aeroflex Enterprises Limited, through its subsidiary M.R. Organisation Ltd., has acquired a 51 percent equity stake in ABP Impex, a company based in Portugal. The acquisition was made via M.R. Organisation’s USA subsidiary and is intended to strengthen its presence in the high-pressure compressor services market. ABP Impex specialises in high-pressure compressor parts and services […]
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with the Geological Survey of India (GSI) for the construction of two Coastal Research Vessels (CRVs). The contract was signed on June 11, 2025, by Shantanu Bose, Director (Shipbuilding), GRSE, and N. M. Shareef, Deputy Director General & Head of Marine & Coastal Survey […]
