Nova Coating, a producer of surface treatment technologies, has announced the establishment of a new surface treatment facility in Pune, India, in partnership with Unitherm Engineers Limited. The facility, located in Chakan, Pune, is scheduled to begin operations on May 16, 2025. The Pune facility will offer services including Physical Vapor Deposition (PVD) coating, polishing, […]
Avaada Group has signed a Memorandum of Understanding with the Water Resources Department of the Government of Maharashtra to develop two pumped storage hydro projects with a total capacity of 3,650 MW. The planned investment for the projects is INR 151 billion, and they are expected to generate over 3,800 direct employment opportunities. The two […]
Venus Automation Pvt. Ltd., an automation systems and solutions provider, has inaugurated a new manufacturing facility in Pune, as the company enters its 21st year of operations. The new plant marks an expansion of its production capabilities in the automation sector. According to the company, the facility will focus on smart manufacturing and precision automation […]
Andritz Metals has secured a contract from ArcelorMittal Nippon Steel India (AM/NS India) to supply an Acid Regeneration Plant (ARP) at the company’s Khopoli facility in Raigad, Maharashtra. The plant will utilize Andritz Ruthner Spray Roaster Technology, which is designed to recover hydrochloric acid from pickling processes in steel manufacturing. The ARP is intended to […]
Endurance Technologies Limited, manufacturer of automotive components, will invest approximately INR 473 million to establish a new greenfield manufacturing facility for lithium-ion battery packs in Mindewadi, Taluka Maval, Pune district, Maharashtra. The plant will produce battery packs for mobility and energy storage applications, with an initial production capacity of around 35,000 packs per month to […]
IDBI Capital Markets & Securities Ltd has announced its exit from two portfolio companies, Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix Pvt. Ltd. The investments were made through the Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund managed by IDBI Capital. The fund has invested approximately INR 4.15 […]
RENOLIT has announced plans to establish a new manufacturing facility in Pune, India, dedicated to producing geomembranes for civil engineering applications. The company aims to commence production by April 2026. The proposed facility is intended to supply geomembranes primarily for renewable energy infrastructure projects, including pumped storage systems that are part of integrated renewable energy […]
thyssenkrupp Uhde’s subsidiary Uhde Inventa-Fischer (UIF) and Praj Industries Ltd have announced a strategic partnership to develop an integrated technology for the production of polylactic acid (PLA), a bioplastic derived from renewable resources. The collaboration will combine UIF’s PLAneo® process with Praj’s PLANERA™ and lactic acid technologies, enabling end-to-end production capabilities from feedstock conversion to […]
Sandvik has appointed Anil Ghegade as Managing Director of its newly established Innovation Hub in Pune, Maharashtra. Ghegade brings experience in operations, business strategy, and R&D, having previously worked in leadership roles across the U.S. and Asia-Pacific in sectors including industrial products and off-highway machinery. Sandvik stated that Ghegade has been involved in setting up […]
Hindalco Industries has launched a new electric vehicle (EV) component manufacturing facility in Chakan, Maharashtra, with an initial production capacity of 80,000 aluminium battery enclosures annually. The company has already delivered 10,000 enclosures to Mahindra for use in its BE 6 and XEV 9e electric SUVs and plans to double the plant’s output to 160,000 […]
