Godawari Power & Ispat Limited (GPIL) has announced its entry into the non-ferrous metals recycling business by acquiring a 51% stake in Jammu Pigments Limited (JPL). The transaction values JPL at approximately ₹500 crore and involves an infusion of ₹175 crore by GPIL for debt repayment and growth capital. Additionally, GPIL will purchase ₹79.52 crore […]
Thales and Garuda Aerospace have formalized a partnership through a Memorandum of Understanding (MoU) to support the development of India’s drone ecosystem. The collaboration, starting in August 2024, will focus on creating technological solutions for safe drone operations and expanding drone-based applications. Thales will contribute its expertise in unmanned traffic management (UTM) systems, UAV detection […]
AM Green has announced that its Kakinada Cluster has joined the World Economic Forum’s (WEF) “Transitioning Industrial Clusters Initiative.” The initiative aims to foster collaboration among industrial clusters and public institutions to advance decarbonization and sustainable development. The Kakinada Cluster involves an initial investment exceeding $3 billion and is expected to generate over 10,000 direct […]
IIT Kanpur’s Research and Technology Park Foundation, Technopark@IITK, has signed agreements with two Special Purpose Vehicles (SPVs) — UAS Testing Foundation and Communication (Defence) Testing Foundation — to develop dedicated Defence Testing Infrastructure. The facilities, focused on Unmanned Aerial Systems (UAS) and Communication Systems, are part of the Defence Testing Infrastructure Scheme (DTIS), an initiative […]
Haldia Petrochemicals (HPL) has raised its investment in a chemical downstream project in Bengal by 66%, bringing the total to ₹5,000 crore. The project, slated for completion by the first quarter of 2026, includes the construction of a phenol and acetone plant with a production capacity increase of 15%, from 300,000 tonnes to 345,000 tonnes. […]
Rail Vikas Nigam Limited (RVNL) has been awarded an Engineering Procurement Construction (EPC) contract by South Central Railway for the doubling of railway tracks in Telangana. The project spans 33.7 kilometers, from Navipet Station (excluding) to Indalvai Station (including), with an exclusion of the 2.3-kilometer Nizamabad Yard. The scope also includes electrification and signaling works. […]
The Aditya Birla Group has announced plans to invest $20 billion, focusing primarily on expanding its manufacturing capabilities. This was disclosed by Kumar Mangalam Birla during the Hindustan Times Leadership Summit, where he outlined the group’s strategic goals. A significant portion of the investment will be directed towards the group’s cement business, with plans to […]
The GSAT-20 communications satellite, developed by the Indian Space Research Organisation (ISRO), is set to launch aboard SpaceX’s Falcon 9 rocket on November 19, 2024. The launch will take place at Cape Canaveral, Florida, marking the first commercial collaboration between the two organizations. Weighing 4,700 kilograms, GSAT-20 is designed to enhance India’s communication network. The […]
Tata Electronics has reached an agreement to acquire a 60% stake in Pegatron’s iPhone manufacturing facility in Chennai, India, according to sources familiar with the matter. The Taiwanese company will retain a 40% share and provide technical support under the new joint venture, with Tata assuming operational control. The Chennai facility, which employs approximately 10,000 […]
Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has announced plans to invest Rs 5000 crore in a new polycarbonate resin manufacturing facility in Dahej, Gujarat. The plant is expected to have an annual production capacity of 165,000 metric tonnes and is slated for commissioning by the fourth quarter of […]
