Larsen & Toubro (L&T) Hydrocarbon’s AdVENT business vertical has received an order from Rashtriya Chemicals and Fertilizers Limited (RCF) to construct a 1,200 metric tonnes per day (MTPD) NPK fertiliser plant at RCF’s Thal unit in Raigad, Maharashtra. The engineering, procurement, and construction (L-EPC) contract, valued between ₹1,000 crore and ₹2,500 crore, also includes associated […]
DCM Shriram has commissioned a 300 tonnes per day (TPD) flexi-fuel flaker plant at its chemical complex in Jhagadia, Gujarat. The facility, launched on October 17, 2024, is designed to operate with flexible fuel inputs, aiming to enhance operational efficiency. In addition to the newly commissioned plant, the company is nearing completion of a second […]
Micro Labs has acquired a three-acre industrial land parcel in Hoodi village, East Bengaluru, for ₹111.07 crore. The property, purchased from Anushka Constructions, was finalized and registered on September 5, 2024. Hoodi village, situated near major tech hubs such as RMZ NXT and International Tech Park, offers strategic advantages due to its proximity to key […]
Indo-Russian Rifles Private Limited (IRRPL), a joint venture between India and Russia responsible for manufacturing the Kalashnikov AK-203 assault rifles, has seen a rise in export inquiries from African and Middle Eastern countries. The interest comes amid sanctions imposed on Russia by the US and other Western nations, opening opportunities for the joint venture to […]
Reliance Infrastructure Ltd has announced plans to establish a manufacturing facility for explosives and small arms in Maharashtra. The company has signed a memorandum of understanding (MoU) with the state government to develop the project at a special economic zone (SEZ) in Raigad district. The initial investment for the facility is projected to be ₹1,200 […]
Hindustan Unilever Ltd (HUL) has leased 5.93 lakh sq ft of warehousing space in Bhiwandi, near Mumbai, for a monthly rent of Rs 1.54 crore. The lease agreement, registered on October 7, covers a seven-year term and includes a 5 percent annual rental escalation clause, according to property registration documents accessed by Propstack. HUL, one […]
TVS Industrial & Logistics Parks (TVS ILP) has announced the acquisition of 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC). The company plans to invest Rs 200 crore in the construction of a logistics park aimed at meeting growing demand for warehousing space in the region. The […]
Bharat Forge Limited (BFL) has reached a definitive agreement to acquire the commercial vehicle axle business of American Axle & Manufacturing Holdings, Inc. (AAM) in India for $65 million. The sale includes AAM India Manufacturing Corporation Pvt. Ltd. (AAMIMCPL) and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close […]
Sona BLW Precision Forgings Limited (SBPFL) has inaugurated a new manufacturing facility in Manesar, Haryana, marking its third plant in India and seventh globally. This facility, which began operations on October 21, 2024, is focused on driveline products and is expected to increase the company’s production capacity by 30%. According to a press release issued […]
Hindustan Petroleum Corporation Ltd (HPCL) is set to commission its new liquefied natural gas (LNG) terminal in Chhara, Gujarat, by the end of 2024 or early 2025. The facility, with a capacity of five million tonnes per year, is expected to begin operations during the favorable weather window starting in November, according to a press […]
