IDBI Capital Markets & Securities Ltd has announced its exit from two portfolio companies, Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix Pvt. Ltd. The investments were made through the Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund managed by IDBI Capital. The fund has invested approximately INR 4.15 […]
RENOLIT has announced plans to establish a new manufacturing facility in Pune, India, dedicated to producing geomembranes for civil engineering applications. The company aims to commence production by April 2026. The proposed facility is intended to supply geomembranes primarily for renewable energy infrastructure projects, including pumped storage systems that are part of integrated renewable energy […]
thyssenkrupp Uhde’s subsidiary Uhde Inventa-Fischer (UIF) and Praj Industries Ltd have announced a strategic partnership to develop an integrated technology for the production of polylactic acid (PLA), a bioplastic derived from renewable resources. The collaboration will combine UIF’s PLAneo® process with Praj’s PLANERA™ and lactic acid technologies, enabling end-to-end production capabilities from feedstock conversion to […]
Pitti Engineering Limited, a precision engineering company, reported consolidated revenue of INR 17.4336 billion for the financial year ending March 2025, reflecting a year-on-year growth of 34.87%. Consolidated EBITDA rose by 49.77% to INR 2.7112 billion, while profit after tax (PAT) increased by 36.32% to INR 1.2228 billion. Lamination sales volumes for the year stood […]
Bharat Petroleum Corporation Limited (BPCL) has commissioned a 5 megawatt green hydrogen production facility at its Bina Refinery in Madhya Pradesh. The plant, which includes two electrolysers with a capacity of 500 Nm³/hour each, is expected to produce over 780 tonnes of green hydrogen annually. According to BPCL, the facility could lead to an annual […]
R. STAHL, supplier of electrical and electronic products and systems for explosion protection, has initiated construction of a new manufacturing facility at the HI TECH Special Economic Zone (SEZ) in Sriperumbudur, Tamil Nadu, near Chennai. The facility is part of the company’s broader strategy to scale up operations in India and expand its manufacturing capabilities […]
TVS Motor Company reported sales of over 4.7 million two-wheelers and three-wheelers and revenue of INR 362.51 billion for the financial year 2024-25, reflecting a 14% growth compared to INR 317.76 billion in 2023-24. The company’s operating EBITDA margin for the year improved by 120 basis points to 12.3%, while profit before tax (PBT) rose […]
Bosch Mobility Platform and Solutions (MPS) has launched the Supply Chain Studio, a cloud-based suite of tools designed to enhance supply chain efficiency and visibility across India. The announcement was made during the Mobility Platform and Solutions Summit 2025 in Bengaluru. The Supply Chain Studio was developed after research into India’s multimodal supply chain connectivity […]
KPIT Technologies has entered into a collaboration with Mercedes-Benz Research and Development India (MBRDI) to support the development of software-defined vehicles (SDVs). The initiative focuses on accelerating product feature delivery, improving development efficiency, and contributing to the rearchitecture of the vehicle technology stack. The collaboration aims to support Mercedes-Benz’s global software development strategy, which emphasizes […]
Fornnax Technology is establishing a new manufacturing unit on a 23-acre site in Gujarat, India. The facility is expected to produce approximately 250 machinery units per year by 2030, focusing on high-capacity and heavy-duty recycling equipment such as shredders and granulators. The foundation stone for the plant was laid in February by Jignesh Kundaria, CEO […]
