HIMA Group has inaugurated its first facility in India as part of a multi-year expansion plan. The company, specializing in safety automation for industrial and railway applications, aims to deliver localized solutions to sectors such as chemical, petrochemical, oil and gas, and rail. The facility was officially opened on November 21, marking a step in […]
Vardhman Special Steels Limited (VSSL) will invest ₹1,750 crore in a greenfield special alloy steel manufacturing plant in Punjab. The facility, which will use an electric arc furnace for production, is designed for an annual output of 5 lakh tonnes of special alloy steel. The project, developed in partnership with Japan’s Aichi Steel Corporation, aims […]
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has entered into a joint venture agreement with the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to establish renewable energy projects in Andhra Pradesh valued at Rs 2,00,000 crore. The collaboration involves the development of 25 GW of solar, wind, and hybrid energy […]
Gujarat Toolroom Ltd has successfully executed an order valued at ₹310 million for Reliance Industries Ltd. This order, part of Reliance’s oil and gas division operations, included the design, manufacturing, and delivery of specialized equipment. This latest development brings Gujarat Toolroom’s completed orders for Reliance Industries to ₹600 million in the current financial year. The […]
B.C. Power Controls Limited has announced the incorporation of its wholly owned subsidiary, Proxima Industries Private Limited. Established on November 22, 2024, Proxima Industries is based in Delhi and will operate in the construction and trading sectors, including metals and other goods. The subsidiary has an authorized and paid-up capital of ₹10 lakh, consisting of […]
Time Technoplast Ltd. has secured approval from the Petroleum and Explosives Safety Organization (PESO) to produce Type-3 fully wrapped fiber-reinforced composite cylinders. These cylinders, with a capacity of 6.8 liters, are designed to store hydrogen for fuel cell-powered unmanned aerial vehicles (UAVs) and drones. The technology aims to enhance UAV and drone performance through a […]
Avaada Group has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1,200 MW pumped storage project (PSP) in the Sirohi district. Named the Kadambari PSP, the project involves an investment of approximately ₹5,800 crore and is expected to be completed over five to seven years. The project is part of […]
Tata Power has entered into a $4.25 billion Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to explore financing options for renewable energy and power infrastructure projects in India. The agreement was formalized during the COP29 climate conference in Baku, Azerbaijan. The proposed projects include a 966 MW solar-wind hybrid facility, pumped hydro […]
Vesuvius has inaugurated alumina-silica and basic monolithic refractory manufacturing facilities in Visakhapatnam, Andhra Pradesh, adding 250,000 tonnes of annual production capacity. These plants will serve the iron and steel industries, producing materials essential for manufacturing processes. The development follows the commissioning of Vesuvius’s Mould Flux plant earlier this year and is part of the company’s […]
Praj Industries has outlined its plan to triple its annual revenue to INR 10,000 crore by 2030, focusing on opportunities in sustainable aviation fuel (SAF), biopolymers, and energy transition initiatives. The company, which currently generates revenues of approximately INR 3,400 crore annually, also aims to increase its export share from 29% to 50% by the […]
