Swan Defence and Heavy Industries Limited announced on 23 January 2026 that it has secured a USD 227 million contract to construct six IMO Type II chemical tankers at its shipyard in Pipavav, Gujarat. The order marks the company’s first newbuild contract following the revival of the shipyard and represents one of the largest single […]
Raana Semiconductors Private Limited (RSPL), a semiconductor deep-technology company, has raised USD 3 million in its first institutional funding round to support the development of domestically designed crystal growth equipment for semiconductor and solar manufacturing in India. The funding is intended to strengthen local capabilities in upstream silicon manufacturing technologies. The pure equity seed round […]
The Government of India has withdrawn the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024, removing the proposed mandatory Bureau of Indian Standards (BIS) certification requirement for a broad range of machinery and plant equipment with immediate effect. The withdrawal cancels the planned enforcement that was scheduled to begin on 1 September 2026 […]
Ornet Tanks Private Limited inaugurated a new transformer tank manufacturing facility in the Kadi–Mehsana region of Gujarat, marking a step towards backward integration for its parent company Ornet Transformers Private Limited. The facility has been set up to supply transformer tanks for captive consumption and is intended to support tighter control over a critical component […]
Solar Defence & Aerospace Limited, a defence and aerospace manufacturing company and a wholly owned subsidiary of the Solar Group, inaugurated a new medium calibre ammunition manufacturing facility in Nagpur, Maharashtra, on 18 January 2026, marking an expansion of domestic ammunition production capacity and export-oriented missile manufacturing. The newly inaugurated facility is a fully automated […]
INOX Air Products Private Limited signed a memorandum of understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to establish a 2×1,300 tonnes per day air separation unit (ASU) at Tata Steel’s Meramandali site in Odisha. The MoU was signed on 16 January 2026 during the Odisha Investors’ Meet held in […]
Bharat Forge Limited secured contracts worth approximately INR 3 billion under the Emergency Procurement – VI framework for the supply of indigenous unmanned systems to the Indian Army, with end use also designated for the Indian Navy. The contracts cover intelligence, surveillance and reconnaissance platforms and loitering munitions intended to address urgent operational requirements across […]
Hical Technologies will commission a new aerospace manufacturing facility in Hosur, Tamil Nadu to expand capacity in precision machining, fabrication and special processes, with production expected to be ready by the first quarter of 2027. The company is headquartered in Electronic City, Bengaluru, and the Hosur site is located around 40 minutes from its headquarters. […]
Krishna Defence and Allied Industries Limited has executed a joint venture agreement with Netherlands-based VABO Composites B.V. to form a new joint venture company in India focused on manufacturing composite solutions for the defence and maritime sectors. The agreement follows an earlier memorandum of understanding announced in July 2024. The joint venture entity will be […]
Universal Cables Limited, a M P Birla group company, has approved the execution of a manufacturing agreement with TS Conductor Corp to manufacture high temperature low sag (HTLS) conductors at its facility in Satna, Madhya Pradesh. The approval was granted by the board of directors through a circular resolution passed on 14 January 2026, marking […]
