BIADS India Private Limited, a joint venture between Brakes India Private Limited and ADVICS Company Limited, inaugurated its new greenfield manufacturing facility in Shoolagiri, near Hosur, Tamil Nadu. The facility will focus on the production of advanced braking solutions, including electronic stability control (ESC) and other brake control products, for the Indian light vehicle market. […]
Setco Automotive Limited approved a series of transactions on 20 March 2026 to acquire additional equity shares, non-convertible debentures, and assign inter-company loans related to Lava Cast Private Limited, resulting in the entity becoming a wholly owned subsidiary. This reflects a shift towards simplifying the group’s corporate structure rather than expanding operations. The company acquired […]
Sona BLW Precision Forgings Limited approved a capital expenditure of INR 622 million to expand gear production capacity in its driveline business at its board meeting held on 20 March 2026. The investment is intended to support increased output to meet potential customer demand. The company said in a stock exchange filing that the approved […]
HMT Limited, a public sector enterprise under the Ministry of Heavy Industries, has signed a memorandum of understanding (MoU) with Rosatom Additive Technology (RosAT) of the Russian Federation to jointly manufacture additive technology machines. The agreement was signed on 17 March 2026 at the HMT Corporate Office in Bengaluru and focuses on developing domestic capabilities […]
International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) has established a pilot plant for the manufacture of neodymium-iron-boron (Nd-Fe-B) rare earth permanent magnets in Hyderabad. The facility is intended to support the development of domestic manufacturing capabilities for critical materials used in electric vehicles, renewable energy systems, electronics, and advanced manufacturing. According […]
Tata Steel Limited has inaugurated a scrap-based electric arc furnace (EAF) facility at Hi-Tech Valley in Ludhiana, with a production capacity of 0.75 million tonnes per annum. The plant, built with an investment of approximately INR 32 billion, is designed to produce construction-grade steel while reducing carbon emissions intensity. The facility is designed to achieve […]
The Government of India has approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of INR 336.6 billion to develop 100 plug-and-play industrial parks across the country. The scheme aims to strengthen industrial infrastructure and support manufacturing-led growth by enabling faster project implementation and reducing entry barriers for investors. In an official statement, the […]
Aerpace Industries Limited has commissioned its integrated research and development (R&D) and manufacturing facility in the Chakan industrial region of Pune. The facility is intended to support the company’s renewable energy and defence manufacturing verticals. A soft launch event was conducted at the facility along with an all-employee strategic alignment session. The session included a […]
Phillips Machine Tools India Private Limited announced a strategic partnership with 2OneLab to manufacture Laser Powder Bed Fusion (LPBF) systems at its facility in Chakan, Pune. The partnership is intended to support the development of a domestic supply chain for advanced manufacturing technologies and expand access to additive manufacturing solutions across industries in India. “Additive […]
The Ministry of Defence launched 107 innovation challenges under the Innovations for Defence Excellence (iDEX) framework at the National Defence Industries Conclave held in New Delhi on 19 March 2026. The initiative is aimed at advancing domestic defence manufacturing capabilities and strengthening participation from start-ups and micro, small and medium enterprises (MSMEs). In an official […]
