Happy Forgings Limited (HFL) has announced a ₹650 crore capital investment to develop advanced forging and machining capabilities for heavyweight components. This initiative aims to cater to various industrial segments beyond the automotive sector. The new facility will focus on producing components such as large crankshafts for industrial and marine applications, axles, gears, oil and […]
NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy, has been awarded a 1,000-MW solar power project through a bidding process conducted by Uttar Pradesh Power Corporation Limited (UPPCL). The project was finalized during an e-reverse auction on January 3, 2025, under a tariff of Rs 2.56 per kWh. The project is part […]
Sealmatic India Limited, a manufacturer and supplier of mechanical seals, has announced a strategic partnership with Fluiten OOO, a Russian firm specializing in mechanical seals. The collaboration aims to expand Sealmatic’s presence in the Russian market, focusing on the sale, repair, and refurbishment of mechanical sealing solutions. The partnership will cater to major Russian industries, […]
The Ministry of Steel has launched the revised Production-Linked Incentive (PLI) scheme, referred to as “PLI Scheme 1.1,” on January 6, 2025, in New Delhi. The application window for the scheme is now open. The initiative, aimed at enhancing domestic manufacturing in the steel sector, follows the earlier PLI scheme introduced in November 2020. According […]
The Indian Navy’s Kalvari-class submarines under Project-75 are set to receive Air Independent Propulsion (AIP) systems, a technology designed to enhance their underwater endurance. This follows a steel-cutting ceremony held on December 28, 2024, marking progress in integrating the domestically developed system. The AIP system, developed by the Defense Research and Development Organisation (DRDO) in […]
The Ministry of Heavy Industries has approved ₹246 crore in incentives for Tata Motors and Mahindra & Mahindra (M&M) under the production-linked incentive (PLI) scheme for the financial year 2023-24. The incentives recognize sales of electric vehicles and components under the government’s initiative to promote advanced automotive technologies. Tata Motors received ₹142 crore in incentives […]
Andhra Pradesh has announced plans for a double-decker metro rail system in Vijayawada and Visakhapatnam, with a total proposed network of 66 kilometers and 76.9 kilometers, respectively. The project aims to improve urban mobility and reduce traffic congestion in these cities. The metro system will be implemented in phases. In Visakhapatnam, the first phase will […]
Samuthra Infrastructure Pvt. Ltd. has announced plans to develop industrial and business parks in over 10 Indian states, with a total investment of $10 billion. According to the company, the initiative aims to expand infrastructure for industries including automotive, electronics, textiles, and information technology. The first phase of development will focus on Tamil Nadu, with […]
KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has received Letters of Award and Intent to develop solar power projects with a total capacity of 32.15 megawatts (MW). These projects will be undertaken under the company’s Captive Power Producer (CPP) business segment. The contracts were awarded by multiple domestic entities, […]
Aeroflex Industries Limited has increased its stainless steel hose and braiding production capacity by 1.5 million meters annually, bringing its total capacity to 16.5 million meters per year. The company also expanded its composite hose production by adding three new production lines, doubling the number to six. Additionally, Aeroflex has launched a new product, Metal […]
