Tube Investments of India Limited (TII), part of the Murugappa Group, is expanding its manufacturing footprint and capacity across core and emerging businesses while maintaining steady growth momentum in the second quarter of FY2025–26. Capacity utilisation across TII’s engineering plants stood at 80 to 85 percent during the September quarter. The company commenced commercial production […]
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 […]
Larsen & Toubro Limited reported that its Hi-Tech Manufacturing and Energy segments were key contributors to group revenue growth in the second quarter of Financial Year 2026, supported by robust execution and operational efficiency improvements. The company’s consolidated revenue for the quarter stood at INR 680 billion, up 10 percent year-on-year, with international operations accounting […]
Wheels India Limited, a manufacturer of automotive wheels and industrial components and part of the TVS Group, has commenced operations at its Mambattu plant in Tamil Nadu, strengthening its export base for tractor wheels. The facility, dedicated to exports, has begun initial supplies with the first overseas shipments scheduled within a month. The Mambattu plant […]
GE Vernova T&D India Limited, a manufacturer of transmission and distribution equipment, has announced a series of capital expenditure (capex) projects aimed at expanding its manufacturing capacity and localisation footprint across key product lines. The company plans to invest in modernising and expanding facilities in Padappai, Hosur, and Pallavaram in Tamil Nadu, as well as […]
CG Power and Industrial Solutions Limited has approved plans to establish a new greenfield switchgear manufacturing facility in Western India. The project, valued at approximately INR 7.48 billion, will be developed on a 35-acre site with a built-up area of about 72,000 square metres and is expected to be completed within 33 months. The proposed […]
Schaeffler India Limited, a manufacturer of precision-engineered solutions for motion technology, reported a 13.9 percent increase in revenue from operations for the third quarter ended 30 September 2025 to INR 23,601 million, compared to the same period last year. Profit before tax (PBT) before exceptional items rose 23.9 percent year-on-year to INR 4,129 million, while […]
Wheels India Limited reported a 26.69 percent increase in net profit for the quarter ended 30 September 2025, reaching INR 280 million compared with INR 220 million in the same period last year. Revenue for the quarter rose 8.63 percent to INR 11.79 billion from INR 10.85 billion in the corresponding period of the previous […]