JSW Group and Korea’s POSCO Group have signed a Memorandum of Understanding (MoU) to establish an integrated steel plant in India with an initial production capacity of 5 million tonnes per annum. According to a press release from JSW Group, the two companies will also explore potential collaboration in renewable energy and battery materials for […]
India’s JSW Group is evaluating opportunities to enter the container manufacturing sector, potentially diversifying the industry’s production base beyond its current heavy reliance on China. The conglomerate, headed by Sajjan Jindal, has appointed consultants to assess the feasibility of this move. JSW’s business interests include steel, energy, ports, and infrastructure, and this potential expansion aligns […]
NTPC has partnered with the Indian Army to establish a solar hydrogen-based microgrid in Chushul, Ladakh, aimed at providing reliable power to remote off-grid Army locations. This system will use hydrogen as an energy storage medium to generate and maintain a steady output of 200 kW year-round, regardless of severe weather conditions. The foundation stone […]
Vijayan Trishul Defence Solutions (VTDS) has opened a new manufacturing facility in Amritsar, specializing in arms and ammunition for the defence sector. The announcement was made at a press conference held by Punjab Police. The expansion adds to VTDS’s existing manufacturing operations, which include a facility in Jhansi within the UP Defense Corridor. According to […]
Viraj Profiles Ltd inaugurated a new Piercer Mill at its Seamless Pipe Plant in Boisar, Mumbai, on October 21, 2024, marking its entry into the seamless stainless steel pipe sector. This addition expands the company’s product offerings, with production beginning on hot-finished mother hollows made from bright round bars. The facility’s seamless pipes are intended […]
Reliance Infrastructure has announced plans to invest ₹10,000 crore over the next decade to establish an integrated facility for manufacturing explosives, ammunition, and small arms in Ratnagiri, Maharashtra. The facility, located within the Dhirubhai Ambani Defence City (DADC), will occupy 1,000 acres in the Watad industrial area and primarily target export markets, according to a […]
The South Central Railway (SCR) has committed approximately ₹83,000 crore to infrastructure projects aimed at enhancing rail services and connectivity across Telangana and Karnataka. The progress of these initiatives was reviewed recently by Union Coal and Mines Minister G Kishan Reddy and 10 Members of Parliament within the SCR jurisdiction, with a focus on improvements […]
Mahindra & Mahindra (M&M) has inaugurated two new testing facilities in Kanchipuram, Tamil Nadu, aimed at enhancing SUV safety and advancing battery technology. These facilities, including a passive safety lab and a battery and cell research lab, represent an investment of over ₹300 crore, according to a press release issued by the company. The passive […]
Ford Motor Company is evaluating changes in its strategy for its Chennai plant, with potential plans to focus on hybrid and internal combustion engine (ICE) vehicle components in addition to electric vehicles (EVs). This approach comes as the company assesses market volatility, particularly in China and Southeast Asia, which has affected EV demand. Sources indicate […]
Thermax Ltd. has acquired Buildtech Products India Pvt Ltd. in a deal valued at approximately ₹72 crore, enhancing its position in the construction chemicals market. The acquisition involves a 100% stake in Buildtech, a company established in 1995 and engaged in manufacturing admixtures, accelerators, and materials essential for large-scale infrastructure projects, including tunnels and railway […]
