Aisin Automotive India Private Limited, the Indian arm of Japan-based Aisin Corporation, has leased industrial land at the Maharashtra Industrial Development Corporation (MIDC) estate in Shendra, Chhatrapati Sambhaji Nagar, for a period of 95 years to set up a new manufacturing unit. The upcoming facility will be Aisin Automotive India’s second plant in the country. […]
Frigosystem S.R.L., an Italian manufacturer of industrial chillers and temperature control systems, has inaugurated its first manufacturing plant in Chennai, marking the company’s first production facility outside Italy. The new unit represents an investment of EUR 1 million (approximately INR 100 million) and is aimed at strengthening Frigosystem’s presence in India and the broader Southeast […]
India and Israel have signed a new Memorandum of Understanding (MoU) to enhance cooperation in defence, technology, and industrial development. The agreement was concluded during the 17th meeting of the India–Israel Joint Working Group (JWG) on defence cooperation held in Tel Aviv on 4 November 2025. The session was co-chaired by Indian Defence Secretary Rajesh […]
Indian Metals & Ferro Alloys Limited (IMFA), a fully integrated ferro alloys producer headquartered in Bhubaneswar, Odisha, has signed definitive agreements to acquire Tata Steel Limited’s ferro chrome plant in Kalinganagar for a base purchase consideration of INR 6.1 billion. The transaction, which will be financed entirely from internal accruals, is expected to close within […]
Larsen & Toubro Limited reported that its Hi-Tech Manufacturing and Energy segments were key contributors to group revenue growth in the second quarter of Financial Year 2026, supported by robust execution and operational efficiency improvements. The company’s consolidated revenue for the quarter stood at INR 680 billion, up 10 percent year-on-year, with international operations accounting […]
Wheels India Limited, a manufacturer of automotive wheels and industrial components and part of the TVS Group, has commenced operations at its Mambattu plant in Tamil Nadu, strengthening its export base for tractor wheels. The facility, dedicated to exports, has begun initial supplies with the first overseas shipments scheduled within a month. The Mambattu plant […]
Dassault Aviation has inaugurated new premises for its Dassault Aircraft Services India – Engineering Center (DASI-EC) in Pune, Maharashtra, as part of its ongoing expansion of engineering and design operations in India. The expansion will double the centre’s capacity, enabling it to accommodate more than 150 engineers. The facility will focus on developing advanced technological […]
Fabex Steel Structures Private Limited, a Hyderabad-based manufacturer of pre-engineered buildings and structural steel solutions, has inaugurated its second manufacturing facility at Chityal near Hyderabad. The new unit, built with an investment of INR 1.2 billion and spread across 40 acres, adds 50,000 metric tonnes of annual production capacity, taking the company’s total installed capacity […]
The Ministry of Steel and Heavy Industries has launched the third round of the Production Linked Incentive (PLI) Scheme for Specialty Steel, known as PLI 1.2, to attract new investments in advanced steel categories and expand high-grade steel capacity in India. The scheme, launched on 4 November 2025 in New Delhi, is part of the […]
Dynamatic Technologies Limited, a Bengaluru-based manufacturer of precision-engineered aerospace and industrial components, has been appointed as the exclusive partner in the consortium formed by Larsen & Toubro Limited (L&T) and Bharat Electronics Limited (BEL) for India’s fifth-generation fighter aircraft programme. The collaboration aims to strengthen the domestic manufacturing ecosystem for advanced defence aviation systems and […]
