Steel Authority of India Ltd. (SAIL) plans to increase the production capacity of its Rourkela Steel Plant (RSP) to 9 million tonnes per annum (MTPA) by 2030. The expansion, requiring an investment of INR 300 billion (USD 3.6 billion), will take place over an area of approximately 1,200 acres. Currently, RSP has a production capacity […]
Mandovi Drydocks and Ripley Group are developing a shipbuilding and repair facility at Syama Prasad Mookerjee Port in Kolkata. The project, covering 121 acres on a 30-year lease, will begin with an initial investment of INR 2 billion, with plans to expand to INR 20 billion. The facility will initially focus on constructing ships in […]
Zetwerk Electronics has inaugurated a new manufacturing facility in Sriperumbudur, Tamil Nadu. The facility will focus on producing IT hardware, personal computing processors, and high-value electronic components for white goods. According to the company, the plant is expected to generate over 1,500 jobs and enhance supply chain capabilities. The inauguration event was attended by Minister […]
Thermax and Schaeffler India have signed a memorandum of understanding (MoU) to integrate their digital platforms for industrial energy and reliability management. The partnership will combine Schaeffler’s OPTIME®, a condition-based monitoring system, with Thermax’s EDGE Live®, an industrial process optimization platform. OPTIME® includes vibration sensors and lubrication systems designed for predictive maintenance, while EDGE Live® […]
Shakti Pumps (India) Ltd has announced that its subsidiary, Shakti Energy Solutions Ltd, has been allotted 113 acres of land by the Madhya Pradesh Industrial Development Corporation Limited (MPIDC) for a solar cell and photovoltaic (PV) module manufacturing facility. The land is located in the Smart Industrial Township, Sector-7, Pithampur, District Dhar. The planned facility […]
Keltron, a state-run electronics manufacturer, has received a contract to design and produce 336 low-frequency ultrasonic transducer elements for the Vietnamese Navy. The contract was awarded through Mumbai-based Neo Power, according to Kerala Industries Minister P Rajeev. Keltron has been actively involved in defense manufacturing, securing various contracts in the sector. In October 2024, the […]
Kineco Aerospace & Defence has signed a multi-million-dollar contract with GKN Aerospace for the supply of composite components for business jets. The agreement was formalized in Paris and is expected to involve the production of lightweight aircraft parts. While specific contract details were not disclosed, Kineco Aerospace & Defence chairman and managing director Shekhar Sardessai […]
Skoda Auto plans to manufacture electric vehicles (EVs) in India and is considering independent investment if it does not secure a local partner, according to a report by Reuters. The announcement comes as its parent company, Volkswagen Group, faces a USD 1.4 billion tax dispute over import classifications. Skoda Auto Volkswagen India is engaged in […]
Shivam Autotech Limited has approved a corporate term loan of INR 400 million to partially refinance existing debt and support working capital needs, according to a regulatory filing submitted to stock exchanges. The company, which manufactures precision components for vehicle manufacturers, has been managing industry challenges such as fluctuating raw material costs and changing market […]
Altmin Private Limited has announced plans to establish a lithium iron phosphate (LFP) cathode manufacturing facility in Divitipally, Telangana. The project involves an initial investment of approximately USD 90 million and is expected to have a production capacity of 8 GWh, with a planned expansion to 100,000 metric tons per annum by 2030. The 20-acre […]
