Tata Steel Limited said it has agreed to acquire a 50.01 percent equity stake in Thriveni Pellets Private Limited (TPPL) for an aggregate cash consideration of up to INR 6.36 billion, with the transaction subject to customary closing adjustments and regulatory approvals. The shares acquired total 9,006,801 of face value INR 10 each, giving Tata […]
Calderys has commissioned the basic monolithics production line at its new CAPES facility in Bhuinpur, Khordha district, Odisha, marking the second line at the site to enter commercial operation. The development expands the plant’s ability to supply both acidic and basic monolithics for customers in India and the wider Asia-Pacific region. The commissioning follows the […]
Premier Explosives Ltd reported operational momentum driven by defence manufacturing orders and outlined multi-year expansion plans across explosives, rocket motors and defence raw materials. The company said its facilities continued to run at varied utilisation levels in the second quarter of FY26 while capacity additions and new defence projects remained on track. New facilities for […]
Ratnamani Metals & Tubes Limited, a manufacturer of stainless steel and carbon steel pipes and tubes, is undertaking multiple capacity expansion projects across its Indian and overseas operations to support growing demand in infrastructure, energy and industrial sectors. The company is also progressing with new facilities in Odisha, Kutch, Rajkot and Saudi Arabia as part […]
Indian Metals & Ferro Alloys Limited (IMFA), a fully integrated ferro alloys producer headquartered in Bhubaneswar, Odisha, has signed definitive agreements to acquire Tata Steel Limited’s ferro chrome plant in Kalinganagar for a base purchase consideration of INR 6.1 billion. The transaction, which will be financed entirely from internal accruals, is expected to close within […]
Hindustan Aeronautics Limited (HAL) has invited responses from Indian industries for establishing a 20,000-ton isothermal forging press facility in the country to support aerospace and defence manufacturing. The Request for Information (RFI), issued on 30 September 2025 by HAL’s Sukhoi Engine Division in Koraput, Odisha, remains open for submissions until 16 November 2025. According to […]
Fair Friend Group (FFG), through its subsidiary MAG IAS GmbH (MAG), has secured an order to deliver a turnkey production line for railway axles to Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRWF) in India. The line, valued in the double-digit million-euro range, is designed for an annual output of 60,000 axles and will be installed […]
Jindal Steel has commissioned a 3 MTPA Basic Oxygen Furnace (BOF) at its Angul integrated steel plant in Odisha, increasing its crude steelmaking capacity at the facility from 6 MTPA to 9 MTPA. The first heat from the new BOF has been tapped, marking the start of production. The commissioning of the BOF synchronises with […]
Talcher Fertilizers Limited (TFL) has received proprietary equipment for its upcoming urea plant at Talcher, Odisha. The delivery, which arrived at the TFL site on 11 September 2025, included a stripper, a pool condenser and a urea reactor manufactured by Stamicarbon. The company stated that the arrival of the equipment marks a step towards the […]
Toray Industries (H.K.) Ltd. has entered a joint venture with MAS Holdings to establish a new manufacturing facility in Odisha, India. The entity, named Toray MAS Apparel India, will operate from the MAS Apparel Park at Bhuinpur, which began development in March 2025. Operations are scheduled to start in early 2026. The agreement was formalised […]
