Mazagon Dock Shipbuilders Limited (MDL) has announced plans to acquire a majority controlling stake in Colombo Dockyard PLC (CDPLC) for USD 52.96 million (approx. INR 4.52 billion). This would be MDL’s first international investment, expected to complete within four to six months, subject to customary closing conditions and regulatory approvals. The acquisition combines a primary […]
Remsons Industries Ltd., a Mumbai-based automotive component supplier, has entered into a technical license agreement with AUSUS Automotive Systems do Brasil LTDA to transfer proprietary automotive component technologies to Brazil. The agreement aims to support local Original Equipment Manufacturers (OEMs) by enabling domestic production of these components using Remsons’ licensed technologies. Under the agreement, Remsons will […]
Bharat Heavy Electricals Limited (BHEL), a manufacturer of products and systems in the power and industrial sectors, has received a Letter of Award from Adani Power Limited for the supply of equipment and supervision services for six thermal power units, each with a capacity of 800 MW. The order is valued at approximately INR 65 billion, […]
JSW Paints has signed indicative agreements to acquire up to a 74.76 percent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The potential transaction is valued at up to INR 89.86 billion, subject to closing adjustments. An additional contingent consideration of up to INR 447 crore may also be […]
Rinac India Limited, a provider of cold chain and temperature-controlled infrastructure solutions, today formally announced a strategic partnership with Epta, a Milan-headquartered provider of commercial refrigeration systems for the retail, hotel, restaurant, catering (Ho.Re.Ca.), and food & beverage sectors. “Our partnership with Rinac enables us to localize advanced European refrigeration systems with unmatched after-sales support,” […]
Armacell, a developer of equipment insulation solutions, has inaugurated a new manufacturing plant in Pune, India, for the production of its ArmaGel XG range of aerogel insulation products. The facility is expected to significantly increase the company’s global aerogel blanket production capacity. The Pune plant produces two variants of Armacell’s aerogel insulation products. ArmaGel XGH is […]
Liebherr Appliances India, a refrigeration solutions company, has launched a new line of fully integrated refrigerators, freezers, and combination units manufactured at its Sambhajinagar facility in Maharashtra. The units are now available in India as ready stock. India is currently the only country outside Europe where Liebherr manufactures fully integrated refrigeration units. The launch aligns with […]
Texmaco Rail & Engineering Limited has secured a contract worth USD 62.24 million (approximately INR 535 crore) from CAMALCO SA, a Cameroon-based company. The agreement includes the manufacture and supply of 560 open-top wagons valued at USD 32.76 million, along with a long-term maintenance contract worth USD 29.48 million over 20 years. The wagon order […]
Hydropack (India) Pvt. Ltd., a manufacturer of hydraulic equipment, has inaugurated its 34th Bogie Testing Machine (BTM) at a railway workshop in West Bengal. The installation is part of the company’s ongoing efforts to provide hydraulic testing solutions to the Indian railway sector. Bogie Testing Machines are used in railway workshops to simulate the load […]
TI Machine Building (TIMB), a unit of Tube Investments of India Limited (TII), has commissioned a pilger mill at the Nuclear Fuel Complex (NFC) in Hyderabad. The high-speed mill, with a capacity of up to 180 working strokes per minute, is designed to process tube materials such as zirconium, stainless steel, and titanium. Manufactured domestically, […]
