SOL India Private Limited, a manufacturer of medical, industrial, pure and specialty gases, has inaugurated a new air separation plant at the SIPCOT Industrial Park in Ranipet, Tamil Nadu, with an investment of INR 1.75 billion. The facility was inaugurated on 4 June 2025 via video conference. Construction of the plant began in July 2023. The […]
Mamata Machinery Limited, a manufacturer of flexible packaging machinery, reported a closing machinery order book of INR 784 million for FY25, reflecting a 14 percent increase over the previous year. The company secured orders worth INR 2.161 billion during the year and executed orders totaling INR 2.063 billion. The growth in order intake was primarily […]
L&T Technology Services (LTTS) has signed a strategic agreement with Tennant Company to support new product development in the sustainability segment. As part of the collaboration, LTTS will set up a dedicated Offshore Development Center (ODC) in India with a scalable engineering team to support Tennant’s work in product development, life cycle management, and related […]
Thermax, an energy and environment solutions provider, has inaugurated a pilot facility in Pune for the development of Solid Oxide Electrolyser Cell (SOEC) technology. The facility will focus on developing a pressurised SOEC system over the next 11 months in collaboration with UK-based technology partner CERES. According to the company, the facility is intended to […]
Hi-Tech Pipes Limited, a manufacturer of a range of steel products, is in the advanced stage of commissioning two production facilities: a greenfield plant at Sikandrabad in Uttar Pradesh and a brownfield expansion of its Sanand Unit-II Phase II in Gujarat. Both facilities are designed to manufacture high-end specialized tubes and pipes for domestic and […]
Batliboi Limited, an industrial manufacturing company, has completed a capital expenditure of INR 250 million in FY25 across its foundry, machine tool, and air engineering divisions at its Udhana, Surat manufacturing facilities. The company expects the benefits of this investment to begin contributing to revenue and profitability from the second quarter of FY26. According to […]
Nidec, a manufacturer of motors and generators, has inaugurated a new manufacturing facility with an investment of INR 6 billion at the Dharwad-Beluru Industrial Area in Hubballi, Karnataka. The site, named The Orchard Hub, marks a significant expansion of the company’s operations in India. The plant is expected to support sectors including electric vehicles, data centres, renewable […]
Ikea plans to raise its local sourcing in India to 50 percent from the current 30 percent for its domestic retail operations. The company also sources approximately EUR 400 million worth of products annually from India for its global supply chain. The move is aimed at expanding Ikea’s supply capabilities for both domestic and international […]
ABB, a manufacturer of automation machinery, has developed a 56 megawatt synchronous electric motor for a steel plant in India, achieving an energy efficiency rating of 99.13 percent. The company states that this performance surpasses its previous high of 99.05 percent set in 2017. The motor will be used in an air separation unit (ASU) […]
NBI Bearings, a manufacturer of high-precision bearings, has commenced construction of a new bearing manufacturing facility in Ahmedabad, India. The project covers a total area of 13,800 square metres and forms part of the company’s ongoing investment plan to expand production capacity and meet increasing market demand. The facility will include automated grinding lines, offices, a […]
