Hyundai Motor India Ltd. (HMIL) has announced plans to establish and operate a tooling centre in India, following approval from its board of directors on March 24, 2025. The company intends to invest approximately INR 6.94 billion in the facility, which will focus on manufacturing stamping tools and panel production for vehicles. According to HMIL, […]
L&T Energy Green Tech Limited (LTEGL) and John Cockerill Energy have signed a Memorandum of Understanding (MoU) to explore technologies related to Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). The collaboration will focus on manufacturing, component supply, and engineering solutions aimed at advancing these technologies. LTEGL, a subsidiary of Larsen & Toubro (L&T), […]
Royal HaskoningDHV is designing two new shipbuilding and repair yards for Mazagon Dock Shipbuilders Limited (MDL) in Mumbai, India. The contracts, valued at approximately EUR 9 million, involve shipyard planning, engineering, procurement consultancy, and project supervision. The project integrates MDL’s existing shipyard with the new facilities, forming a larger shipbuilding complex that includes a dry […]
JSW Group has announced plans to invest INR 120 billion in a copper smelter facility in Odisha, with a production capacity of 500,000 metric tons per year. The facility is expected to be operational by 2028-29. According to the company, the smelter will source copper concentrate from Peru and Chile. JSW Group also intends to […]
TCPL Packaging has inaugurated a new manufacturing facility near Chennai, expanding its production capacity for paperboard cartons. The new facility is intended to improve logistics and service capabilities, particularly for customers in southern India. The company stated that this expansion aligns with its broader strategy to enhance operational efficiency and strengthen its footprint in key […]
Daifuku Intralogistics has announced plans to open a new manufacturing facility in India. The investment aims to expand local production of warehouse automation systems, including Warehouse Management Systems (WMS), Automated Storage and Retrieval Systems (ASRS), and material handling solutions. According to the company, the facility is expected to support Indian industries by reducing lead times […]
Hero MotoCorp has announced a strategic investment in Euler Motors, marking its entry into the electric three-wheeler segment. The company’s board has approved an investment of up to INR 5.25 billion (USD 63 million) in one or more tranches. The investment is aimed at strengthening Hero MotoCorp’s position in the expanding electric vehicle (EV) market. […]
Samvardhana Motherson International Limited (SMIL) has announced that its subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), will invest between USD 5 million and USD 7 million in REE Automotive Ltd. According to a regulatory filing, the investment is aimed at maintaining SMRP B.V.’s existing ownership percentage in REE Automotive as the latter raises […]
DEERFOS has inaugurated a new manufacturing facility in Jhajjar, Haryana, India. The facility is expected to increase production capacity and enhance operational efficiency. The new plant incorporates advanced manufacturing technology and aims to optimize production processes. The expansion is also expected to generate employment opportunities in the region. The company stated that the facility has […]
Goa Shipyard Limited (GSL) launched the second frigate of the Project 1135.6 Additional Follow-on Ships, named ‘Tavasya,’ on March 22, 2025, at its Goa facility. The vessel is part of a contract signed with the Ministry of Defence on January 25, 2019, for the construction of two frigates under this project. The first ship, ‘Triput,’ […]
