Eduardo Almeida has been appointed Plant Director for Nidec Global Appliance’s new manufacturing facility in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra. The plant, which is under construction, represents an investment of more than USD 120 million and will cover 55,000 square metres of built-up area. It is planned with an annual production capacity of six million […]
Olee Space, a Pune-based defence technology startup, has raised USD 3 million in seed funding from domestic and international investors, including Rockstud Capital and IIMA Ventures. The company plans to use the funds to scale production, enhance quantum-secure communication protocols, expand its laser-based satellite communication initiatives, and accelerate the development of high-energy laser systems. Founded […]
Sanmati Components Private Limited (SCPL) has expanded its machining capacity with the installation of a new AceMicromatic Group MCH-500L Horizontal Machining Centre (HMC) equipped with a continuous rotary table. The machine, installed at the company’s plant in Kolhapur, Maharashtra, is intended to increase precision and reduce production lead times for components and assemblies. According to […]
Manastu Space, a Mumbai-based spacetech startup, has raised USD 3 million in an extended Series A round led by venture capital firm Capital-A. Existing investors Capital 2B, Indian Angel Network (IAN), E2MC, the Bhagnani family office, Jeet Chandan, among others, also participated. Lodha Capital acted as the transaction facilitator. The funding will be used for […]
CG DE SUB, LLC (CG USA), a wholly owned subsidiary of India’s CG Power and Industrial Solutions Limited, has signed an agreement with Flanders Electric Motors Service, LLC (FLANDERS) to offer traction motor replacement and refurbishment solutions in the United States railway market. The partnership aims to leverage local capabilities to provide faster turnaround times […]
Thermax Limited, an energy and environment solutions company, has entered into a strategic partnership with Norway-based HydrogenPro ASA for the supply, installation, commissioning, and after-sales service of alkaline electrolyser systems in India. Under the arrangement, HydrogenPro will provide technology licensing, stacks, future upgrades, and technical support, while Thermax will integrate the systems into ongoing green hydrogen […]
Reinhausen India Private Limited, a manufacturer of electrical equipment, has opened a new facility in Pune, Maharashtra, to expand its local service capabilities and increase engagement with the Indian power sector. The opening event took place on 16 July 2025 at the Hyatt Regency Pune. Located at MIDC Chakan, the facility is intended to provide […]
Adani Defence Systems and Technologies Limited (ADSTL), in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100 percent stake in Indamer Technics Private Limited (ITPL). The acquisition will be carried out through Horizon Aero Solutions Limited, a 50-50 joint venture between ADSTL and Prime Aero, owned by Prajay Patel. […]
John Cockerill India Limited has secured a contract worth approximately INR 2.7 billion from JSW JFE Electrical Steel Nashik Private Limited for supplying equipment for tunnel furnaces at their Nashik plant. The contract also includes supervision of erection and commissioning of the production line. The scope encompasses engineering, design, manufacturing, and delivery of critical components […]
FLT Automation GmbH inaugurated its India office in Pune on 6 August 2025, marking the company’s entry into the Indian market. The new office aims to support collaboration and innovation as FLT Automation expands its presence in the region. The opening event featured a ribbon-cutting and lamp-lighting ceremony at the office premises, followed by a […]
