TIL Limited, a manufacturer of material handling and infrastructure equipment, reported standalone revenue of INR 814.5 million for the quarter ended 30 September 2025 (Q2FY26), up 12 percent from INR 725.1 million in the corresponding quarter of FY25. EBITDA rose to INR 32.7 million, translating to an EBITDA margin of 4.0 percent, while the company […]
Swan Defence and Heavy Industries Limited has signed a Letter of Intent with Norwegian ship owner Rederiet Stenersen AS for the construction of six IMO Type II chemical tankers, each of 18,000 deadweight tonnes, in a deal valued at approximately USD 220 million with an option for a further six vessels. The vessels are to […]
Craftsman Automation Limited is expanding capacity and strengthening its presence in electric vehicle (EV) and export markets, backed by a solid order book from domestic and global original equipment manufacturers (OEMs). The Coimbatore-based company is adding new facilities and modernising existing ones to meet growing demand for lightweight and precision-engineered components. Craftsman is adding capacity […]
The Organisation Internationale des Constructeurs d’Automobiles (OICA) has announced the election of Shailesh Chandra, President of the Society of Indian Automobile Manufacturers (SIAM), as its new President, effective 1 November 2025. He succeeds John Bozzella, President and Chief Executive Officer of the Alliance for Automotive Innovation (USA). According to an official statement from OICA, Chandra’s […]
Assa Abloy Group has inaugurated a new manufacturing facility for its Entrance Systems division in Greater Noida, India, marking a significant expansion of its production footprint in the country. The new plant will produce industrial and high-performance doors, along with docking equipment, to serve the domestic and regional markets. The facility is part of the […]
Kaynes Technology India Limited has announced operational commencement of its semiconductor assembly and testing facility at Sanand, Gujarat, and construction of a multilayer printed circuit board (PCB) manufacturing plant at Oragadam, Chennai, as part of its transition into a fully integrated electronic system design and manufacturing (ESDM) company. The Sanand outsourced semiconductor assembly and test […]
Waterking Dredging Equipment India Private Limited, a subsidiary of Netherlands-based Waterking B.V., has commenced local manufacturing of amphibious excavators in Bengaluru, Karnataka. The facility is the company’s first production site outside Europe and was established to serve growing demand from Asia and Africa. The Indian plant can now produce the WK 220 NG-5I model, a […]
Hitachi Industrial Equipment Systems Co. Ltd. (HIES), part of Hitachi’s Connective Industries Sector, has inaugurated a new manufacturing and sales facility in Gandhinagar, Gujarat, marking its first full-scale business operation in India. The opening ceremony was held on 3 November 2025, with the company now commencing local production of stationary oil-flooded screw air compressors for […]
Rosti Asia, a division of Sweden-based Rosti Group, has formally inaugurated its new manufacturing facility in Chennai, marking the company’s expansion into the Indian market. The plant forms part of Rosti’s broader strategy to strengthen its production footprint across Asia and provide localised manufacturing support for its global customers. “This facility represents more than expansion […]
Sundram Fasteners Limited, a manufacturer of automotive and industrial fasteners and components, has reported steady progress in its ongoing manufacturing expansion and capacity utilisation programmes, alongside additional capital investments in wind energy and electric vehicle (EV) components. In the company’s Q2 FY2025–26 earnings call held on 30 October 2025, management said that new capacity additions […]
