BEML Limited has been awarded a ₹136 crore contract by the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 8×8. These vehicles, designed and manufactured by BEML, will be used in the Battle Field Surveillance System (BFSS) Project. The HMV 8×8 is equipped with features such as an independent suspension system, a […]
The INOXGFL Group has announced its entry into solar manufacturing through a new entity, Inox Solar, with plans to establish a significant presence in the renewable energy sector. The group has outlined an investment of ₹1,500 crore (approximately $180 million) to develop an initial production capacity of 5 GW for solar modules and 2.5 GW […]
BEML Limited has received a contract worth INR 83.51 crore from the Ministry of Defence to supply 50-ton trailers designed for the transportation of battle tanks. The trailers, which feature a payload capacity of 50 tonnes, are engineered to be towed by BEML’s HMV 8×8 vehicles. Key specifications include 12 twin-wheels for stability on challenging […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
Hitachi Construction Machinery has announced plans to establish a new subsidiary, Hitachi Construction Machinery Development Center India Private Limited, in Hubballi, Karnataka, by late December 2024. The center will focus on the development and design of construction machinery, with operations expected to ramp up by April 2026. The company plans to invest 99 million rupees […]
Super Miles Autoparts Pvt. Ltd. has announced plans to implement a semi-automated assembly line for its 12V and 24V diaphragm-type electric vacuum pumps. The assembly line is expected to become operational at the company’s facility in India during the upcoming financial year. According to an announcement by the company, this move is intended to enhance […]
JDS Group of Companies has inaugurated a new conductor division facility at Vidarbha Alloy Conductor in Borgaon. According to an announcement from the company, this expansion is aimed at enhancing manufacturing capabilities and improving operational efficiency to meet evolving market demands. The new facility includes advanced machinery such as a 13-capstan RBD machine, two skip […]
Hutchinson, a company specializing in vibration control, fluid management, and sealing technologies, has commenced operations at a 150,000-square-foot facility within the ESR Oragadam Industrial and Logistics Park in Tamil Nadu. The facility is expected to support Hutchinson’s activities in the automotive and aerospace sectors, aligning with its engineering focus. According to a statement from ESR […]
HORIBA India has inaugurated its Hydrogen Internal Combustion Engine (H2-ICE) Test Bed Facility at the HORIBA India Technical Center (HITC) in Chakan, Pune. The facility, designed to test hydrogen-fuel-based internal combustion engines, has a testing capacity of up to 380 kilowatts and complies with global safety standards. According to the company’s press release, the facility […]
INDEVCO Plastics has announced the establishment of a manufacturing facility, Masterpak India, in Gujarat, with operations expected to commence by the end of 2024. The facility will produce Form-Fill-Seal (FFS) films and shrink hood packaging solutions, targeting demand in India and neighboring Asian markets. According to the company, this facility represents INDEVCO Plastics’ entry into […]
