November 5, 2024
Eiko Lifesciences Limited has announced its entry into the shipping and logistics industry through the formation of a subsidiary, EikoVivify Logistics Private Limited (EVL). This strategic expansion, developed as a joint venture with Vivify Wealth Management LLP, aims to diversify Eiko Lifesciences’ business operations by providing container leasing, logistics, and management services for a range […]
November 5, 2024
Godrej & Boyce’s Process Equipment division, part of the Godrej Enterprises Group, has announced the successful completion and shipment of over 20 pieces of equipment to two refineries in Mexico. According to a company press release, this dispatch is part of an ongoing effort to expand its presence in the Americas, particularly in markets such […]
October 30, 2024
NSL’s integrated steel facility in Nagarnar has reported a cumulative production of over 2 million tonnes of hot metal, moving closer to its designated operational capacity. The facility’s blast furnace, with a 4506 cubic meter capacity, recently achieved a production rate of 7268 tonnes per day, according to a company press release. Amitava Mukherjee, who […]
October 29, 2024
India’s JSW Group is evaluating opportunities to enter the container manufacturing sector, potentially diversifying the industry’s production base beyond its current heavy reliance on China. The conglomerate, headed by Sajjan Jindal, has appointed consultants to assess the feasibility of this move. JSW’s business interests include steel, energy, ports, and infrastructure, and this potential expansion aligns […]
October 28, 2024
Thermax Ltd. has acquired Buildtech Products India Pvt Ltd. in a deal valued at approximately ₹72 crore, enhancing its position in the construction chemicals market. The acquisition involves a 100% stake in Buildtech, a company established in 1995 and engaged in manufacturing admixtures, accelerators, and materials essential for large-scale infrastructure projects, including tunnels and railway […]
October 26, 2024
Jabil, a U.S.-based electronics component manufacturer and supplier to Apple, announced plans to expand its operations in India with an investment of $250–275 million (₹2,102–₹2,312 crore). This expansion will see the establishment of at least two new facilities over the next three to four years, according to a press release issued by the company. The […]
October 25, 2024
Syrma SGS Technology Limited has announced the opening of a large electronics manufacturing facility in Ranjangaon, near Pune. The new campus, covering 26.5 acres with a planned production area of 1.20 million square feet, aims to increase the company’s printed circuit board assembly (PCBA) production capacity, primarily for industrial and automotive sectors in India. The […]
October 25, 2024
KSH Integrated Logistics has inaugurated a new 40,000-square-foot multi-client warehouse facility in Bommasandra, Bengaluru. The facility, equipped with integrated Warehouse Management System (WMS) and Transport Management System (TMS) solutions, provides real-time visibility for inventory and order management. The facility includes modern warehousing infrastructure to support operations such as Pallet In Pallet Out and Box in […]
October 24, 2024
Hindustan Unilever Ltd (HUL) has leased 5.93 lakh sq ft of warehousing space in Bhiwandi, near Mumbai, for a monthly rent of Rs 1.54 crore. The lease agreement, registered on October 7, covers a seven-year term and includes a 5 percent annual rental escalation clause, according to property registration documents accessed by Propstack. HUL, one […]
October 24, 2024
TVS Industrial & Logistics Parks (TVS ILP) has announced the acquisition of 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC). The company plans to invest Rs 200 crore in the construction of a logistics park aimed at meeting growing demand for warehousing space in the region. The […]
