Swan Defence and Heavy Industries Limited approved a long-term refinancing facility and reviewed its financial performance for the quarter and nine months ended 31 December 2025 at a board meeting held on 4 February 2026. The board also approved the constitution of a risk management committee. The board approved the availing of a rupee term […]
India has joined the BRICS Centre for Industrial Competencies (BCIC), a multilateral initiative aimed at supporting manufacturing companies and micro, small and medium enterprises (MSMEs) across BRICS countries, with an emphasis on Industry 4.0 capabilities. The development was formalised on 04 February 2026 at an event held at Vanijya Bhavan, New Delhi. The BCIC is […]
Aequs Limited reported a confirmed aerospace order book of USD 814 million, providing execution visibility over the next five years up to about 2031, as the company continues to expand its vertically integrated manufacturing operations while scaling up recently commissioned consumer manufacturing capacity. Aequs Limited, a manufacturer of precision aerospace and consumer components, said the […]
Sundram Fasteners Limited said it will complete capital expenditure of around INR 3.5 billion in FY26 and continue annual investments of about INR 2.5 billion to support capacity expansion, productivity upgrades, and diversification beyond automotive manufacturing. Capital expenditure in the first nine months of FY26 stood at INR 2.17 billion, with the full-year outlay expected […]
Wipro Limited announced on 04 February 2026 that it has joined the Massachusetts Institute of Technology’s Industrial Liaison Program (MIT ILP), a platform that connects industry participants with MIT’s faculty, research infrastructure, and innovation ecosystem to address emerging technology challenges. The development marks an expansion of Wipro’s engagement with academic research aimed at accelerating applied […]
Ashok Leyland Limited has signed a memorandum of understanding (MoU) with PT Pindad (Persero) to jointly develop electric buses and defence vehicles for the Indonesian market. The agreement was signed on 4 February 2026 at PT Pindad’s headquarters in Bandung, Indonesia, and is aimed at addressing Indonesia’s requirements in sustainable public transport and defence mobility. […]
India is advancing a coordinated strategy to develop domestic capabilities in rare earth permanent magnets through a combination of regional infrastructure planning and targeted fiscal incentives announced alongside the Union Budget 2026–27. The measures are aimed at reducing import dependence in critical materials and supporting manufacturing growth in electric mobility, renewable energy, electronics, aerospace, and […]
Defence Research and Development Organisation (DRDO) has successfully carried out a flight demonstration of Solid Fuel Ducted Ramjet (SFDR) technology from the Integrated Test Range (ITR), Chandipur, off the coast of Odisha. The test was conducted at around 10:45 hrs on 03 February 2026 and marks a key technological milestone in the development of long-range […]
Yantra India Limited has been granted Miniratna Category-I status following approval by the Ministry of Defence, a move that expands the company’s financial and operational autonomy and allows it to undertake larger capital expenditure without prior government clearance. The decision strengthens the firm’s ability to invest in new projects, modernisation, and capacity expansion within India’s […]
BEML Limited has commissioned a robotic welding cell and a Heavy Motor Vehicle (HMV) axle assembly shop at its manufacturing complex in Kolar Gold Fields (KGF), Karnataka, as part of its ongoing modernisation programme. The company said the new facilities are intended to strengthen manufacturing capability, improve process efficiency, and support quality and productivity improvements […]
