The Federation of European Business in India (FEBI) was formally inaugurated, marking a significant step in fostering economic ties between the European Union (EU) and India. FEBI, now established as the official EU Chamber of Commerce in India, aims to enhance trade and investment, streamline business processes, and support European companies operating in the Indian […]
Eaton has inaugurated a 120,000 square-foot electrical manufacturing facility in Puducherry, India. The facility includes a 100,000 square-foot shop floor dedicated to power distribution product lines and an additional 20,000 square feet for utilities and infrastructure support. The facility is expected to double the company’s manufacturing capacity for power distribution products such as air circuit […]
Igus, a manufacturer of motion plastics, has opened a new 92,000 sq ft manufacturing facility near Budigere in Bengaluru, India. This expansion, which includes over ₹100 crores (approximately 12 million euros) in investment, aims to enhance the company’s production capabilities to support growing demand in sectors like semiconductors and renewable energy. The facility is part […]
Gujarat Toolroom Limited has raised ₹50 crores through a Qualified Institutional Placement (QIP), issuing 43,478,260 equity shares at ₹11.50 per share, including a premium of ₹10.50 per share. This capital raise marks an increase in the company’s paid-up equity capital from ₹11.66 crores to ₹16.01 crores, following the allotment of shares to institutional investors. The […]
JSW Green Mobility has been allotted 636 acres of land in AURIC City’s Bidkin node, Maharashtra, where the company plans to set up a manufacturing unit. The Maharashtra Industrial Township Limited (MITL) issued the land allotment certificate online. The company intends to use 546 acres of the allocated land for electric car production, while 90 […]
CtrlS Datacentres, based in Hyderabad, has announced plans to establish a 50 MW solar power plant within the next 12 to 15 months as part of its transition to renewable energy. The company aims to power its data centers entirely through solar energy in the near future. As part of its broader expansion strategy, CtrlS […]
NBCC (India) Ltd. has been awarded a Rs 198 crore contract by the SAIL Bokaro Steel Plant. Under the agreement, NBCC will design, supply, and install a rooftop solar system at the Bokaro Steel Plant in Jharkhand. In addition, the company secured an order worth approximately Rs 101 crore from the National Highways Authority of […]
Lloyds Engineering Works Limited (LEWL) has signed a Memorandum of Understanding (MoU) to acquire the engineering division of Bhilai Engineering Corporation Ltd. (BECL). The acquisition aims to expand LEWL’s production capabilities, integrating BECL’s operations with its existing manufacturing infrastructure. The BECL engineering division, founded in 1960, specializes in providing engineering solutions across sectors like metallurgy, […]
The Cabinet Committee on Security has cleared two major defense procurement deals for the Indian Navy, totaling Rs 45,000 crore. These agreements include the indigenous construction of two nuclear-powered attack submarines and the acquisition of 31 Predator drones from the United States. The submarines will be built at the Ship Building Centre in Visakhapatnam, with […]
Tata Steel is exploring the possibility of using nuclear energy to produce green steel, considering the deployment of approximately 200 Bharat Small Reactors (BSRs), each with a capacity of 220 MW, according to a report by Hindu Business Line. This would potentially result in a total power generation capacity of 45 GW. Tata Steel, which […]
