Vedanta’s shareholders and creditors have approved a demerger plan to split the company into five separate entities: Vedanta Limited, Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy. The resolution received overwhelming support, with 99.9987% of shareholders, 99.5900% of secured creditors, and 99.9588% of unsecured creditors voting in favor. Initially, in September […]
JBM Ecolife Mobility Pvt Ltd., a subsidiary of JBM Auto Ltd., has received an order for 1,021 electric buses valued at approximately ₹5,500 crore under the Government of India’s PM e-Bus Sewa Scheme-2 initiative. The buses are slated for deployment across 19 cities in Gujarat, Maharashtra, and Haryana over the next 18 months, with operational […]
The Ministry of Defence has signed contracts with ACE Limited and JCB India Limited for the procurement of 1,868 Rough Terrain Forklift Trucks (RTFLTs) for the Indian Army, Air Force, and Navy. The total contract value is ₹697.35 crore. The contracts were signed in the presence of Defence Secretary R K Singh. RTFLTs are intended […]
Arm, the British semiconductor design firm, is expanding its presence in Bangalore by acquiring a new facility to establish a second office in the city. Arm’s Bangalore office is currently its second-largest globally, employing around 2,000 professionals. Peter Stephens, Arm’s Director of Government Partnerships, announced this during the CII International Conference on Artificial Intelligence in […]
Krones AG has broken ground on its INR 3.15 billion manufacturing facility at Vemagal Industrial Park Phase 2 in the Kolar district of Karnataka. The company provides solutions for the beverage industry and food producers, including process technology, filling technology, packaging machines, and IT solutions. The new manufacturing facility in Vemagal is expected to generate […]
Cyient Limited has announced the appointment of Sukamal Banerjee as Executive Director and Chief Executive Officer of its Digital, Engineering, and Technology (DET) business, effective immediately. He will also join the company’s Board of Directors. Banerjee has over 30 years of experience in the engineering research and development (ER&D) and technology sector. He previously held […]
Sundaram-Clayton Limited has announced the approval of the sale of its high-pressure and low-pressure aluminium die-casting businesses at its Hosur plant. The company’s Board of Directors approved the decision in a meeting held on February 19, 2025. The identity of the prospective purchaser(s), the structure of the transaction, and the sale consideration are yet to […]
Waaree Energies Ltd. has secured an order to supply 362.5 megawatts (MW) of solar photovoltaic modules to Khaba Renewable Energy Pvt Ltd., a subsidiary of Engie India. The order includes 600Wp Elite BiN-08 N-Type TopCon solar modules, which are slated for deployment in a project by NHPC. The supply of these modules is scheduled to […]
Kothari Industrial Corporation Ltd (KICL) has unveiled plans to invest approximately Rs 7,300 crore in Tamil Nadu over the next two to three years, focusing on fertiliser production and footwear manufacturing. This initiative aims to enhance local manufacturing capabilities and reduce dependence on imports. Fertiliser Production Facility KICL intends to establish a fertiliser manufacturing plant […]
Waaree Group has commenced construction of an alkaline electrolyser manufacturing facility in Valsad, Gujarat. The facility, which broke ground on February 10, will have an initial production capacity of 300 MW in its first phase. The manufacturing plant is intended to support industries such as steel, refining, transportation, fertilizers, chemicals, food, and power generation by […]
