December 24, 2024
Silectric Semiconductor Manufacturing Pvt Ltd has announced an investment of ₹3,425.60 crore in an electronics manufacturing cluster at Kochanahalli, Mysuru. The project, approved by Karnataka’s 64th State High-Level Clearance Committee (SHLCC), is expected to generate 460 jobs. The SHLCC meeting, chaired by Karnataka Chief Minister Siddaramaiah, cleared ten industrial proposals worth ₹9,823 crore across multiple […]
December 24, 2024
Adani Defence Systems and Technologies Ltd. (ADSTL), a subsidiary of Adani Enterprises, has announced the signing of a share purchase agreement to acquire an 85.8% stake in Air Works India (Engineering) Private Limited. The acquisition is valued at an enterprise amount of ₹400 crore, according to a press release issued by the company. Air Works […]
December 23, 2024
The Indian Institute of Technology Madras (IIT Madras) has established a new research center dedicated to developing advanced AMOLED displays. The AMOLED Research Centre (ARC), supported by funding from the Ministry of Electronics and Information Technology (MeitY), Defence Research and Development Organisation (DRDO), and Tata Sons, aims to innovate in display manufacturing technologies for devices […]
December 21, 2024
Mazagon Dock Shipbuilders Ltd (MDL), a government-owned shipbuilding company, has officially commenced production of two major projects for the Indian Coast Guard. A plate-cutting ceremony was held on December 19, 2024, marking the beginning of construction for the first of 14 Fast Patrol Vessels (FPVs) and the second of six Next Generation Offshore Patrol Vessels […]
December 21, 2024
Pai Machines, a subsidiary of Infra Bazaar Tech Pvt Ltd, has finalized the acquisition of the manufacturing facilities of L&T Construction Equipment Limited’s (LTCEL) Machinery Works. The transaction, initiated in June 2024, involves a production plant in Bengaluru with a capacity of over 1,800 units annually. The acquisition also includes the integration of 70 employees, […]
December 20, 2024
German-based ECKART, a manufacturer of effect pigments, has announced a joint venture with India-based Runaya to build a production facility in Odisha, India. The plant will produce spherical atomized aluminum granules, which are used in industries such as aerospace, solar panels, and high-value effect pigments. The facility will focus on sustainable manufacturing practices, including the […]
December 20, 2024
DSV, a Danish transport and logistics company, has inaugurated a new 56,000 square-foot logistics facility in Serampore, Hooghly, approximately an hour from Kolkata. The development marks an expansion of Solutions India’s operations in the eastern region. The facility was opened by Gaurav Gupta, Managing Director of Solutions India, and the DSV team. Positioned strategically near […]
December 20, 2024
ArcelorMittal Nippon Steel (AM/NS) India has initiated the production of its patented Zinc-Aluminium-Magnesium-coated steel product, Optigal, in India as part of its broader expansion efforts. This development comes amid a ₹60,000 crore investment in the first phase of expansion at the company’s Hazira facility. The product, which was previously available only in global markets, debuted […]
December 19, 2024
Tata Steel has operationalized an all-women shift at its Noamundi Iron Mine, marking a development in workforce diversification in the mining sector. The shift includes women employees handling all mining activities, such as operating heavy earth-moving machinery (HEMM) and performing supervisory roles. The move is part of Tata Steel’s “Women@Mines” and “Tejaswini” initiatives, which aim […]
December 18, 2024
Udupi-Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), launched the first of six 3,800-deadweight ton (DWT) general cargo vessels being constructed for Norway-based shipping company Wilson ASA. The vessel, measuring 89.43 meters in length and 13.2 meters in breadth with a draft of 4.2 meters, is designed by Conoship International of the […]
