ELGI Equipments Limited said it aims to reach USD 750 million in revenue by the financial year ending March 2031, supported by new product development, increased aftermarket services, and continued expansion of its installed base. The company said the plan assumes revenue growth of about 11.3 percent over the period, with an expected EBITDA margin […]
Hafele India Private Limited has commenced operations at a new local production facility in Maharashtra, marking the beginning of its manufacturing activities in the country. The move forms part of the company’s long-term localisation strategy and aligns with the Government of India’s “Make in India” initiative. The facility represents an initial step toward establishing a […]
NETZSCH Pumps & Systems India, the subsidiary of Germany-headquartered NETZSCH Group and a manufacturer of pumping and system solutions for complex fluid management applications, inaugurated a new manufacturing facility in Goa. The inauguration coincides with the company completing 20 years of operations in India. The facility is spread across approximately 45,000 square metres and features […]
KVS Castings Limited has increased its total installed production capacity to 19,200 metric tonnes per annum following the commencement of commercial operations at its new manufacturing facility, Unit-2. The expansion raises the company’s monthly installed capacity from 600 metric tonnes to 1,600 metric tonnes. Its existing installed capacity of 7,200 metric tonnes per annum has […]
Sund Birsta India Private Limited has inaugurated a new workshop facility in Pune to support localised servicing of steel coil handling and binding equipment. The expansion marks the company’s transition from a sales-focused presence established in 2024 to a sales and service-oriented unit aimed at supporting domestic steel producers with engineering, spare parts, and refurbishment […]
Harisons Group has inaugurated a new core shop at its Global Exportech Pvt Ltd (GEIPL) foundry in Vadodara, Gujarat, expanding its casting production capabilities. The facility is equipped with seven core shooter machines, each with a capacity of 25 kilograms, enabling an annual production capacity of 1.0 million cores. The new core shop forms part […]
Nitta Corporation India Private Limited, the Indian subsidiary of Japan-based Nitta Corporation headquartered in Osaka, has inaugurated a new manufacturing facility in Haveli Taluka, Pune, Maharashtra. The plant marks the relocation and expansion of its primary industrial operations in India as part of the group’s medium-term “SHIFT2030” strategy. In February 2025, Nitta Corporation Japan announced […]
BMW Ventures Limited has secured a fabricated steel products order worth INR 360 million for a Bharat Heavy Electricals Limited (BHEL) project, marking its entry into large-scale industrial and infrastructure projects. The order forms part of a broader INR 1.41 billion project opportunity, including an INR 1.05 billion order pipeline, with the balance expected to […]
Schaeffler India Limited plans to increase capital expenditure to more than INR 5 billion in 2026 after capacity utilisation across its manufacturing plants exceeded 85 percent in the fourth quarter of calendar year 2025. The company said it had moderated investments in 2025 to leverage existing installed assets but will step up spending in line […]
SKP Bearing Industries Limited said it is expanding roller capacity and ramping up utilisation at its ball manufacturing plant while targeting consolidated revenue of INR 1 billion for the financial year. The company also expects its France subsidiary to turn profitable in calendar year 2026 as customer validations progress and volumes recover. The company reported […]
