Texmaco Rail & Engineering Limited has secured a contract worth USD 62.24 million (approximately INR 535 crore) from CAMALCO SA, a Cameroon-based company. The agreement includes the manufacture and supply of 560 open-top wagons valued at USD 32.76 million, along with a long-term maintenance contract worth USD 29.48 million over 20 years. The wagon order […]
Hydropack (India) Pvt. Ltd., a manufacturer of hydraulic equipment, has inaugurated its 34th Bogie Testing Machine (BTM) at a railway workshop in West Bengal. The installation is part of the company’s ongoing efforts to provide hydraulic testing solutions to the Indian railway sector. Bogie Testing Machines are used in railway workshops to simulate the load […]
TI Machine Building (TIMB), a unit of Tube Investments of India Limited (TII), has commissioned a pilger mill at the Nuclear Fuel Complex (NFC) in Hyderabad. The high-speed mill, with a capacity of up to 180 working strokes per minute, is designed to process tube materials such as zirconium, stainless steel, and titanium. Manufactured domestically, […]
Winoa-2Effe, the joint venture between Winoa and 2-Effe Engineering, has completed one year of operations at its shot peening center in Pune, India. Since its inauguration in June 2024, the facility has expanded its technical capabilities and team while focusing on strengthening its machine base and quality systems. Looking ahead, Winoa-2Effe is prioritizing two initiatives: […]
Kineco Limited, a diversified manufacturing company, has delivered its 100th front-end nose cone for the Vande Bharat Express, advancing its collaboration with Indian Railways in supplying key components for the semi‑high‑speed train fleet. The company had previously secured a contract to supply 68 front‑end nose cones for the Vande Bharat trains and, in 2022, won […]
TNVS, an affiliate of Continental Carriers Group, and Sonovision, a subsidiary of France’s Ortec Group, have signed a Memorandum of Understanding (MoU) to establish a joint venture in India. The agreement was signed during the Paris Air Show and outlines plans to collaborate in aerospace and defence manufacturing and services. According to the companies, the […]
Hindalco Industries Ltd has announced the acquisition of AluChem Companies, Inc., a US‑based producer of specialty alumina, for an enterprise value of USD 125 million. The deal will be executed via Aditya Holdings LLC, a step‑down wholly owned subsidiary of Hindalco. This move gives Hindalco full ownership of AluChem and strengthens its North American footprint, adding three […]
Reliance Defence Limited, a company promoted by Reliance Infrastructure, has secured an export order valued at INR 6 billion from Rheinmetall Waffe Munition GmbH. The contract is part of the company’s strategy to expand its international presence, especially in the European defence market. The order follows the recently announced strategic partnership between Reliance Defence and […]
Sekisui Chemical, a manufacturer of plastics, housing, and medical products, has announced plans to establish a new injection molding plant in Pune, Maharashtra, through its joint venture, Sekisui DLJM Molding Private Limited. The facility will be the company’s sixth manufacturing site in India. The investment is approximately USD 3 million, with operations scheduled to begin in […]
Fabheads Automation, a manufacturer of composite components, has raised USD 10 million through a mix of equity and venture debt to scale its automated composite manufacturing operations. The funding round was led by Accel, with INR 200 million (approximately USD 2.3 million) in venture debt provided by Trifecta Capital. This brings the Chennai-based company’s total […]
