Paras Defence and Space Technologies Ltd. has formed a joint venture with Israel-based HevenDrones to produce hydrogen-powered unmanned aerial vehicles (UAVs) in India. The new entity, named “Paras Heven Drones India,” will focus on logistics drones with payload capacities ranging from 10 kg to 40 kg, targeting both defence and civilian markets. The 51:49 partnership, […]
Dellner India is partnering with Alstom to supply automatic couplers and semi-permanent couplers for new trains being developed for Chennai Metro Rail Limited’s (CMRL) Phase 2 expansion. The components will be used in trains that form part of the metro’s extended network. Alstom was awarded a contract in November 2022 valued at approximately EUR 98 […]
The Defence Research and Development Organisation (DRDO) has inaugurated the Centre for Electromagnetic Launch Technology (CEMaLT) to support research and development of electromagnetic railgun systems and related subsystems. The facility is intended to focus on hypersonic projectile launch technologies without the use of propellants. The electromagnetic railgun is a system capable of accelerating projectiles to […]
The National High Speed Rail Corporation Limited (NHSRCL) has awarded a contract for the construction of six Maintenance cum Technology Centres in Gujarat, as part of the Mumbai-Ahmedabad High Speed Rail Project. The contract is valued at INR 3.85 billion, excluding GST. These centres are intended to support the operational and maintenance needs of the […]
Japan has approached India regarding participation in the joint development of a next-generation fighter jet currently underway with the United Kingdom, Italy, and other countries, according to a report by Kyodo News. The move is aimed at reducing the substantial costs associated with the project and expanding international collaboration. The development plan, known as the […]
Ace Designers Limited has secured an investment of INR 12 billion from Kotak Alternate Asset Managers to expand its CNC machinery manufacturing capacity. The Bengaluru-based company plans to use the capital to build a new production unit, modernise assembly lines, and expand its workforce. Founded in 1979, Ace Designers manufactures CNC turning and machining centres […]
Venus Automation Pvt. Ltd., an automation systems and solutions provider, has inaugurated a new manufacturing facility in Pune, as the company enters its 21st year of operations. The new plant marks an expansion of its production capabilities in the automation sector. According to the company, the facility will focus on smart manufacturing and precision automation […]
L2M Rail, a startup incubated at the Indian Institute of Science (IISc) and focused on railway innovation, has established an artificial intelligence lab for railway safety at the IISc campus in Bengaluru. The facility, located at the Research Centre (iHUB), was inaugurated on April 24, 2025, by Praveen Kumar, Managing Director of Dedicated Freight Corridor […]
IDBI Capital Markets & Securities Ltd has announced its exit from two portfolio companies, Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix Pvt. Ltd. The investments were made through the Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund managed by IDBI Capital. The fund has invested approximately INR 4.15 […]
RENOLIT has announced plans to establish a new manufacturing facility in Pune, India, dedicated to producing geomembranes for civil engineering applications. The company aims to commence production by April 2026. The proposed facility is intended to supply geomembranes primarily for renewable energy infrastructure projects, including pumped storage systems that are part of integrated renewable energy […]
