Dassault Aviation has increased its shareholding in Dassault Reliance Aerospace Ltd (DRAL) by acquiring an additional 2 percent stake from Reliance Infrastructure. The transaction, valued at INR 1.76 billion, raises Dassault’s holding to 51 percent and reduces Reliance Infrastructure’s stake to 49 percent. Following the change, DRAL will shift from being a subsidiary to an […]
Jupiter International Limited, a manufacturer of photovoltaic solar cells, has signed a Memorandum of Understanding with the Government of Maharashtra to establish a vertically integrated solar manufacturing facility at Butibori, Nagpur. The project entails an estimated investment of INR 109 billion and will cover the entire value chain, including solar wafer production, advanced solar cell […]
Setco Auto Systems Pvt. Ltd., a subsidiary of Setco Automotive Ltd., has signed a memorandum of understanding (MoU) with Visvesvaraya National Institute of Technology (VNIT), Nagpur, to collaborate on research in automotive technology. The partnership will focus on developing next-generation automotive systems and aims to strengthen cooperation between academia and industry. As part of the […]
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. […]
The Nagpur depot operated by Alstom, in partnership with Indian Railways, has reached a fleet size of 250 WAG12B electric locomotives under maintenance. Commissioned in March 2023 as part of a public-private partnership, the facility supports Indian Railways’ transition to electric-powered freight operations. The WAG12B locomotives managed at the depot are part of a broader […]
A new facility for manufacturing drones, unmanned aerial vehicles (UAVs), loitering munitions, and counter-drone systems was inaugurated at Economic Explosives Ltd (EEL), a subsidiary of Solar Group, in Nagpur. The facility aims to enhance local production capacity for advanced military and civil drone technologies. EEL has started manufacturing and supplying loitering munitions under an emergency […]