Gujarat Fluorochemicals Limited (GFCL) has announced the incorporation of a wholly-owned overseas subsidiary by GFCL EV Products Limited, a subsidiary of GFCL. The new entity, GFCL EV Products Pte. Ltd., was established in Singapore on January 7, 2025. According to a statement issued by GFCL, the Accounting and Corporate Regulatory Authority of Singapore issued the […]
NMDC Steel Limited (NSL) has been certified by the Bureau of Indian Standards (BIS) for manufacturing hot-rolled steel strip, sheet, and plates for welded steel pipes used in pipeline transportation systems. The certification complies with the Indian Standard IS 18384:2023, which specifies general requirements for steel products utilized in the petroleum and natural gas industries. […]
Bartronics India Limited has signed a Memorandum of Understanding (MoU) with Singapore-based PTW Group to develop semiconductor manufacturing and training capabilities in India. The agreement aims to address the growing demand in the semiconductor sector, including production, refurbishment of equipment, and workforce training. According to a company press release, the collaboration plans to establish facilities […]
SANY India, a construction equipment manufacturer, has opened a new manufacturing facility within its 90-acre campus in Pune, increasing its production capacity and fabrication capabilities. According to the company, the factory can produce over 14,000 units annually and has a fabrication capacity exceeding 100,000 metric tons per year. This expansion aims to support the growing […]
The Ministry of Steel has launched the revised Production-Linked Incentive (PLI) scheme, referred to as “PLI Scheme 1.1,” on January 6, 2025, in New Delhi. The application window for the scheme is now open. The initiative, aimed at enhancing domestic manufacturing in the steel sector, follows the earlier PLI scheme introduced in November 2020. According […]
Aerolloy Technologies, a subsidiary of PTC Industries, has commissioned a Vacuum Arc Remelting (VAR) furnace in Lucknow, Uttar Pradesh. According to the company, this facility, sourced from Germany, has an annual melting capacity of 1,500 metric tons and can produce aerospace-grade titanium alloy ingots up to 1,000 millimeters in diameter. The VAR furnace operates under […]
Polymatech Electronics has announced plans to establish a semiconductor manufacturing facility in Nava-Raipur, Chhattisgarh, with an investment of ₹1,143 crore. The facility, supported by a 40% capital subsidy from the Chhattisgarh government, will focus on producing Gallium Nitride (GaN) semiconductor chips and advanced packaging technologies for 5G and 6G telecommunications. The announcement was made during […]
Tiger Logistics (India) Limited has been empaneled by Hindustan Petroleum Corporation Limited (HPCL) to provide comprehensive logistics services. The agreement, effective for three years, includes air and sea freight operations, customs clearance, and end-to-end clearing and forwarding services. The contract specifies a financial limit of ₹546 lakh. This development comes as part of Tiger Logistics’ […]
JSW Group has acquired two copper mines in Jharkhand through a competitive bidding process with Hindustan Copper, marking its entry into the non-ferrous metals sector. The mines, currently in the exploration phase, have a combined capacity of three million tonnes per annum (MTPA) and will require an estimated two years to become operational. As part […]
PTC Industries Limited has completed the acquisition of Trac Holdings Limited, which fully owns Trac Precision Solutions Limited (Trac), a UK-based manufacturer of precision-machined components for the aerospace, defense, and power generation sectors. The acquisition, valued at an undisclosed amount, received regulatory clearance from the United Kingdom’s Investment Screening Unit under the National Security and […]
