The Indian Light Tank (ILT) has successfully completed a round of firing trials at an altitude exceeding 4,200 meters, demonstrating accurate results across multiple ranges, according to a press release issued by the Defence Research and Development Organisation (DRDO). This trial follows Phase I evaluations conducted in desert conditions in September 2024. The ILT, a […]
The Ministry of Defence has signed a ₹13,500 crore agreement with Hindustan Aeronautics Limited (HAL) for the procurement of 12 Su-30MKI fighter jets. The deal is intended to address the shortfall in the Indian Air Force’s fleet caused by the loss of 12 aircraft in accidents over the past two decades. The new aircraft will […]
Thriam Group of Industries has inaugurated a new facility, Thriam Toolroom, aimed at enhancing its capabilities in manufacturing high-precision compression and injection molds. The facility, which became operational on November 25, 2024, is equipped with advanced machinery to support faster production cycles and improved mold accuracy. Located at MIDC, Ahilya Nagar, Ahmednagar, in Maharashtra, the […]
BEML Limited has been awarded a ₹136 crore contract by the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 8×8. These vehicles, designed and manufactured by BEML, will be used in the Battle Field Surveillance System (BFSS) Project. The HMV 8×8 is equipped with features such as an independent suspension system, a […]
BEML Limited has received a contract worth INR 83.51 crore from the Ministry of Defence to supply 50-ton trailers designed for the transportation of battle tanks. The trailers, which feature a payload capacity of 50 tonnes, are engineered to be towed by BEML’s HMV 8×8 vehicles. Key specifications include 12 twin-wheels for stability on challenging […]
INDEVCO Plastics has announced the establishment of a manufacturing facility, Masterpak India, in Gujarat, with operations expected to commence by the end of 2024. The facility will produce Form-Fill-Seal (FFS) films and shrink hood packaging solutions, targeting demand in India and neighboring Asian markets. According to the company, this facility represents INDEVCO Plastics’ entry into […]
Suven Pharmaceuticals Limited has announced the acquisition of a 56% equity stake in NJ Bio, Inc., a Contract Research, Development, and Manufacturing Organization (CRDMO) specializing in antibody-drug conjugates (ADCs) and related technologies. The acquisition involves a mix of secondary share purchases and a primary equity infusion, amounting to $64.4 million. As part of the transaction, […]
Otto Hofstetter India has officially inaugurated its new manufacturing facility in Bengaluru. The event was attended by representatives from the Hofstetter family and management based in Switzerland, along with Indian customers and local team members. The company specializes in injection molding solutions and serves customers in the plastics industry. The new facility is expected to […]
Olon, a pharmaceutical manufacturing company, has announced the completion of the VI Mod-6 project, which has increased the production capacity of its manufacturing facility in India by approximately 25%. The project included the installation of advanced equipment capable of conducting large-scale cryogenic and nBuLi (n-butyllithium) reactions. These processes are designed to meet stringent safety and […]
Godavari Biorefineries Limited (GBL) has entered into a licensing agreement with Catalyxx Inc. to utilize the latter’s technology for ethanol-to-biobutanol conversion. The agreement enables GBL to produce up to 30,000 metric tons of biobutanol and other higher alcohols annually for domestic and international markets. Under the first phase of this collaboration, GBL will construct a […]
