Minda Corporation Limited, a manufacturer of automotive components, has appointed Ajay Agarwal as President – Finance & Strategy. The company stated that Agarwal will lead strategic initiatives including corporate planning, mergers and acquisitions, joint ventures, investor relations, and financial operations. Agarwal is a Chartered Accountant and Lawyer with over 24 years of experience in financial […]
Kirloskar Industries Limited has announced the appointment of George Verghese as Managing Director for a five-year term starting 21 May 2025, subject to shareholder approval. The decision was approved by the company’s Board of Directors at a meeting held on 20 May 2025. Verghese joined the Kirloskar Group in April 2021 as Vice President of […]
Hon Hai Precision Industry Co. has invested approximately USD 1.5 billion into its India operations as part of a long-term investment strategy to expand iPhone production capabilities. The investment, executed through subsidiary Foxconn Singapore Pte Ltd, involved the acquisition of shares in Yuzhan Technology (India) Private Limited and a significant capital increase. The investment comes […]
Happy Forgings Limited, a manufacturer of high-precision forged and machined components, plans to expand its operations with a focus on heavyweight components and an increased share of machined parts in its product mix. The company is targeting growth in the commercial vehicle, off-highway, and industrial segments by enhancing its machining and forging capacity. The company’s […]
Premier Energies Limited, a solar cell and module manufacturer, has entered into a joint venture with Nuevosol Energy Pvt. Ltd. to manufacture aluminium-based frames and components used in solar modules. As part of the agreement, Premier Energies will hold a majority stake in the venture. The facility will have an annual production capacity of 36,000 […]
Wabtec Corporation has commenced operations at its High Horse Power Engine Overhaul Plant in Rohtak, Haryana. The facility was set up in less than one year and is intended to support the long-term maintenance of 6000 HP and 4500 HP locomotives supplied to Indian Railways. According to the company, the Rohtak plant will develop local […]
Siemens Energy India Limited, a technology and services provider for the energy sector, has renewed its Long-Term Maintenance Contract (LTMC) for three 4000F gas turbines at Torrent Power’s SUGEN Mega Power Plant in Akhakhol, near Surat, Gujarat. Additionally, a new LTMC has been signed covering the plant’s steam turbines and generators. The SUGEN facility, commissioned […]
Dinamic Oil India, a manufacturer of hoisting winches and planetary gearboxes, has installed a new winch test bench and a Klingelnberg profile test machine as part of its ongoing expansion of production and quality control infrastructure. The company stated that these additions are aimed at increasing output while maintaining quality standards for its winches and […]
BMW Industries Limited is undertaking a series of capacity expansion initiatives and new projects, as outlined in its May 2025 strategy presentation. These include a greenfield downstream steel processing facility in Bokaro with an estimated investment of INR 8.03 billion, and continued brownfield expansion in pipes and tubes manufacturing. The Bokaro project is planned to […]
Lumax Auto Technologies (LATL), a manufacturer of auto components, will acquire the remaining 25 percent stake in IAC International Automotive India from the International Automotive Components Group for INR 2.21 billion. The transaction is expected to close by 31 May 2025, following which IAC India will become a wholly owned subsidiary of LATL. LATL had […]
