Steel Authority of India Limited (SAIL) will invest $800 million to establish a new rail mill, Chairman Amarendu Prakash said at the Global Business Summit in New Delhi. The company is proceeding with the investment despite the absence of a confirmed procurement commitment from Indian Railways, its largest customer. Prakash stated that SAIL has been […]
Zen Technologies Limited has announced investments in Vector Technics Private Limited and Bhairav Robotics Private Limited, expanding its presence in the defence sector. Zen Technologies has acquired a 51% stake in Vector Technics, a company specializing in propulsion and power distribution solutions for drones and UAVs. This acquisition is expected to enhance Zen’s capabilities in […]
The Javelin Joint Venture (JJV) is assessing potential co-assembly and co-production of the Javelin anti-tank weapon system in India. The initiative involves a competitive source selection process with Indian industry partners. As part of this effort, the JJV has renewed a Memorandum of Understanding (MOU) with Bharat Dynamics Limited (BDL), a state-owned enterprise specializing in […]
Kostwein Group has commenced the expansion of its manufacturing facility at GIDC Sanand with a ground-breaking ceremony. The new facility is expected to enhance production capacity and support export operations. According to the company, the expansion will enable the adoption of advanced manufacturing technologies. The ceremony was attended by Hans Kostwein, Devendra Mehta, Mehul Patel, […]
Craftsman Automation has established a greenfield alloy wheel manufacturing facility in Salarpur Bhiwadi, Rajasthan, with an investment of ₹150 crore. The project was expedited after the Rajasthan government facilitated the allocation of a preferred land parcel and granted necessary approvals quickly. The company had approached the Rajasthan State Industrial Development and Investment Corporation (RIICO) for […]
Collins Aerospace, a business unit of RTX, has launched the 2025 edition of its Powered by Collins Initiative at Aero India, with a focus on expanding collaboration in manufacturing and advanced technologies. The initiative invites small and medium-sized enterprises (SMEs) to participate in targeted partnerships aimed at accelerating technology deployment in aerospace and defence manufacturing. […]
Texmaco Rail & Engineering Limited has entered into a Global Supply & Services Agreement with Trinity Rail Group LLC. The agreement focuses on the design, development, and supply of rolling stock and components for Indian and international markets, including North America. Under the agreement, Texmaco will supply rolling stock components, including foundry products, for North […]
Safran Aircraft Engines and Titan Engineering and Automation Limited (TEAL) have signed a contract for the production of low-pressure turbine parts for the LEAP engine in India. The agreement was announced at the Aero India trade show in Bengaluru. Production is scheduled to begin in 2026. The contract aligns with efforts to expand India’s aerospace […]
Nidec Industrial Automation India Private Limited, a subsidiary of Nidec Corporation, is nearing completion of its new manufacturing campus in Hubli-Dharwad, Karnataka. The facility, which broke ground in September 2023, is expected to be completed by October 2025. The company has allocated an investment of approximately Rs 450 crore ($55 million) for the project. The […]
Hindustan Aeronautics Limited (HAL) and the Indian Institute of Information Technology Dharwad (IIIT Dharwad) have signed a Memorandum of Understanding (MoU) to collaborate on advanced manufacturing research and skill development. The partnership will focus on research, internships, and technical education in Digital Manufacturing, Artificial Intelligence, Data Science, Robotics, and Augmented Reality/Virtual Reality, with applications in […]
