PPAP Automotive Limited has divested its entire 50 percent equity stake in PPAP Tokai India Rubber Private Limited (PTI) to Tokai Kogyo Co. Ltd. for a cash consideration of INR 1 billion. The transaction was concluded on 13 February 2026 pursuant to a settlement agreement effective from 1 January 2026. According to a press release […]
Macpower CNC Machines Limited reported revenue of INR 861.5 million for the third quarter of FY26, up 43 percent year-on-year, alongside growth in its pending order book and progress on a new manufacturing facility. The company said the upcoming plant is expected to support higher production capacity and margin expansion. The company said in a […]
IIT Madras Research Park (IITMRP) and Unicorn India Ventures have launched the “IITM Unicorn Frontier Fund I,” a INR 6 billion deep technology fund with an additional INR 4 billion greenshoe option. The fund will invest in intellectual property-led, engineering-focused startups in sectors including robotics, space technology, defence technology, semiconductors and medical technology that align […]
KLA Corporation has signed a memorandum of understanding with the Government of Tamil Nadu to establish a permanent research and development (R&D) and innovation campus in Chennai. The company plans to invest USD 400 million, approximately INR 36 billion, over the next decade in the proposed 12-acre facility. The campus is envisioned as KLA’s global […]
GMM Pfaudler Limited said 50 percent of its order intake over the first nine months of FY26 came from non-traditional industries, reflecting a shift away from its historical dependence on chemicals and pharmaceuticals. The company also secured large defence and nuclear project orders, positioning heavy engineering and mixing as key growth drivers. “What is also […]
Bharat Forge Limited has outlined plans to invest up to INR 30 billion in a proposed integrated metals and manufacturing project in Odisha, forming part of a broader INR 170 billion group-level development. The project is positioned as the company’s next major growth phase following completion of its ongoing expansions in Baramati. The Odisha project […]
Lokesh Machines Limited has received a supply order valued at INR 63.04 million from the Directorate General, Assam Rifles, Ministry of Home Affairs, Government of India. The order covers the supply of 9x19mm Carbine along with accessories, essential spares and gauges, and is to be executed within 90 days from the date of issue of […]
Steel Strips Wheels Limited has entered into a tripartite agreement on 13 February 2026 with China-based Liuzhou Arays Technology Co., Ltd. and Hainan Jihoo Import & Export Co. Ltd. in connection with setting up an alloy wheel manufacturing facility at Bhuj, Gujarat. The agreement covers the selection, supply, installation and commissioning of machinery and equipment, […]
Jindal Stainless Limited has developed a stainless steel container for salt transportation in collaboration with Indian Railways. The prototype underwent loading and unloading trials at Bhimasar, Gandhidham, Gujarat on 10 February 2026 and has been developed in accordance with Research Designs and Standards Organisation (RDSO) specifications. The 20-foot salt container has been fabricated entirely in […]
LAPP Group reported sales of EUR 1.93 billion in fiscal year 2025, driven by double-digit growth in Asia-Pacific and the Americas. India, China and South Korea were identified as key growth drivers, helping the company offset weaker business conditions in Europe and stabilise performance after a decline in the previous year. The Stuttgart-based company achieved […]
