INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) have signed a Memorandum of Understanding (MOU) to evaluate the feasibility of establishing a 600,000-ton-per-year acetic acid production facility at GNFC’s site in Bharuch, Gujarat. India currently imports about 85% of its annual acetic acid requirements, according to GNFC Managing Director Pankaj Joshi. The […]
Balu Forge Industries Ltd. (BFIL) and Swan Energy Limited (SEL) have signed an MoU to establish a Special Purpose Vehicle (SPV) aimed at developing opportunities in the aerospace, defense, and railway sectors. The agreement outlines a capital structure where BFIL will contribute 40% of the SPV’s equity, with SEL holding the remaining 60%. The SPV […]
IIT Kanpur’s Research and Technology Park Foundation, Technopark@IITK, has signed agreements with two Special Purpose Vehicles (SPVs) — UAS Testing Foundation and Communication (Defence) Testing Foundation — to develop dedicated Defence Testing Infrastructure. The facilities, focused on Unmanned Aerial Systems (UAS) and Communication Systems, are part of the Defence Testing Infrastructure Scheme (DTIS), an initiative […]
Haldia Petrochemicals (HPL) has raised its investment in a chemical downstream project in Bengal by 66%, bringing the total to ₹5,000 crore. The project, slated for completion by the first quarter of 2026, includes the construction of a phenol and acetone plant with a production capacity increase of 15%, from 300,000 tonnes to 345,000 tonnes. […]
Rail Vikas Nigam Limited (RVNL) has been awarded an Engineering Procurement Construction (EPC) contract by South Central Railway for the doubling of railway tracks in Telangana. The project spans 33.7 kilometers, from Navipet Station (excluding) to Indalvai Station (including), with an exclusion of the 2.3-kilometer Nizamabad Yard. The scope also includes electrification and signaling works. […]
Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has announced plans to invest Rs 5000 crore in a new polycarbonate resin manufacturing facility in Dahej, Gujarat. The plant is expected to have an annual production capacity of 165,000 metric tonnes and is slated for commissioning by the fourth quarter of […]
The Gas Turbine Research Establishment (GTRE), a part of the Defence Research and Development Organisation (DRDO), has enhanced its manufacturing infrastructure by incorporating advanced CNC (Computer Numerical Control) machines. These upgrades are expected to strengthen the organization’s ability to produce high-precision components for jet engines, such as turbine blades and compressor rotors. According to an […]
Revalyu Resources has commissioned a second chemical PET recycling plant at its Nashik site in India. With an investment of $100 million, the facility increases the site’s total production capacity to 280 tonnes per day by 2025, making it a significant development in plastic recycling. The Nashik facility currently processes over 20 million post-consumer PET […]
JSW Defence Pvt. Ltd. and U.S.-based Shield AI Inc. have entered a partnership to produce Shield AI’s “V-BAT” Group 3 Unmanned Aerial Systems (UAS) in India, targeting local defense and export needs. Under the agreement, JSW Group will invest approximately $90 million over two years, with $65 million to be allocated in the first 12 […]
Hindustan Aeronautics Limited (HAL) has announced the reactivation of its Nashik facility to manufacture 12 Sukhoi Su-30MKI fighter aircraft under a $1.3 billion contract approved in September 2023. This production order, aimed at replenishing the Indian Air Force (IAF) fleet, will resume assembly operations that were previously focused on the Su-30MKI model. HAL expects to […]
