Sundaram-Clayton Limited (SCL) has entered into a Business Transfer Agreement to sell its high-pressure and low-pressure aluminum die-casting operations at its Hosur plant to Sandhar Ascast Private Limited. The transaction, executed on March 26, 2025, is structured as a slump sale on a going concern basis. According to the company’s disclosure, the division contributed USD […]
Hindalco Industries has announced plans to invest INR 450 billion in its aluminium, copper, and specialty alumina businesses. The investment will focus on expanding production capacity and developing high-precision engineered products for various industries, including electric vehicles (EVs), renewable energy, and semiconductors. Hindalco’s primary aluminium production has grown to 1.3 million tonnes per year, and […]
Sandhar Technologies Limited has approved the acquisition of the high-pressure and low-pressure aluminium die casting businesses of Sundaram-Clayton Limited at its Hosur plant. The transaction will be executed through Sandhar Ascast Private Limited, a wholly owned subsidiary of the company, via a slump sale. The details will be finalized in the Business Transfer Agreement. Additionally, […]
Taural India has entered into a memorandum of understanding (MoU) with the Maharashtra government to expand its manufacturing operations at Supa, Ahilya Nagar. The agreement, signed during the World Economic Forum 2025 in Davos, involves an investment of Rs. 500 crore. The new facility in Supa will be significantly larger than the company’s existing 300,000 […]
Runaya and ECKART have announced a joint venture to establish a facility in Odisha, India, for producing spherical atomized aluminum granules. These granules are used in sectors such as aerospace, solar energy, and effect pigments. According to a press release issued by the companies, the facility will utilize recycled aluminum and renewable energy to minimize […]
German-based ECKART, a manufacturer of effect pigments, has announced a joint venture with India-based Runaya to build a production facility in Odisha, India. The plant will produce spherical atomized aluminum granules, which are used in industries such as aerospace, solar panels, and high-value effect pigments. The facility will focus on sustainable manufacturing practices, including the […]
Reddy Pai Metals has launched an aluminium foundry in India, enhancing its production capacity and ability to manufacture high-quality metal products from recycled materials. This facility aligns with the company’s ongoing focus on sustainability and efficient resource management. Founded in 2007, Reddy Pai Metals specializes in scrap metal recycling and trade. Initially focusing on supplying […]
Vedanta has announced plans to invest ₹1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant. The project is expected to generate 200,000 jobs and aims to support the state’s industrial growth. The investment will be focused on building a large-scale industrial […]