Exide Industries has invested ₹99.99 crore in its wholly-owned subsidiary, Exide Energy Solutions (EESL), through a rights issue, bringing its total investment in the company to ₹3,052.24 crore. The investment retains Exide’s 100% ownership of EESL and supports the subsidiary’s ongoing projects, including a greenfield manufacturing facility in Bengaluru. Established in March 2022, EESL focuses […]
KEC International has announced new orders worth ₹1,040 crore in its Transmission and Distribution (T&D) segment, secured from international markets. The orders include contracts for supplying towers, hardware, and poles to clients in the Americas and constructing 220 kV transmission lines in the Commonwealth of Independent States (CIS) region. The company reported that its year-to-date […]
Kirloskar Ferrous Industries Limited has announced the commencement of operations at its new oxygen plant located in Bevinahalli Village, Koppal district, Karnataka. The facility, designed with a production capacity of 3,000 Nm³ per hour using VPSA (Vacuum Pressure Swing Adsorption) technology, became operational on November 15, 2024. The oxygen produced at the plant will be […]
Climaveneta Climate Technologies, a subsidiary of Mitsubishi Electric, has announced a significant investment exceeding INR 400 crore in a new manufacturing facility in Narsapura, Kolar district, approximately 50 km from Bengaluru. This plant will serve as a production hub for various types of central air-conditioning equipment, including screw chillers, magnetic levitation technology chillers, scroll chillers, […]
Aequs Infra has launched a manufacturing ecosystem for fast-moving consumer goods (FMCG) within the Hubballi Consumer Goods Cluster (HDC) in North Karnataka. The company aims to increase production capacity and facilitate domestic and international market access for companies operating in the region. The FMCG Manufacturing Ecosystem, part of a larger initiative by Aequs Infra, aims […]
The South Central Railway (SCR) has committed approximately ₹83,000 crore to infrastructure projects aimed at enhancing rail services and connectivity across Telangana and Karnataka. The progress of these initiatives was reviewed recently by Union Coal and Mines Minister G Kishan Reddy and 10 Members of Parliament within the SCR jurisdiction, with a focus on improvements […]
ACME Platinum Urja has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for the delivery of electricity from a 150 MW hybrid solar project. The project forms part of a larger 350 MW capacity awarded to ACME Solar Holdings (ASHL) by SECI. The PPA includes provisions for energy […]
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 […]
Online Instruments India Pvt. Ltd. has opened a new facility in Dabaspete, Bengaluru, to manufacture CKD Interactive Flat Panel Displays (IFPDs). The plant, which covers 3 acres, is equipped with semi-robotic technology and has a production capacity of 400 units per day. These displays are intended for use in smart classrooms, as well as other […]
Karnataka’s Department of Electronics, Information Technology, Biotechnology, and Science & Technology (ITBT) is set to highlight the state’s impressive advancements in space technology at the Bengaluru Space Expo 2024. Priyank Kharge, Minister for IT, BT, Rural Development, and Panchayat Raj, inaugurated the event, underscoring Karnataka’s role as a national leader in the space sector. “Karnataka […]