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Orkla India and CleanMax partner to make MTR Karnataka factories 100% renewable
The partnership involves a 25-year power purchase agreement (PPA) for the generation and supply of renewable energy from a 6.6 MWp Solar Captive Power Project located in Jagaluru, Karnataka.Read more
BPCL approves JV with Sembcorp Green Hydrogen India and GPS Renewables
BPCL will hold a 50% stake in each joint venture, aiming to accelerate its energy transition and meet its net-zero goals.Read more
Paper manufacturers to invest Rs 250 billion in capacity and technology
Naini Papers is investing Rs 20 billion in a 125,000 tonne plant in Uttarakhand to produce paper pouches, intended to replace single-use plastics in food packaging.Read more
Hanwha Precision Machinery targets EMS markets in Mexico and India
At SMTA Guadalajara 2024, Hanwha presented its high-speed chip-mounters, HM520W and HM520, designed to meet Mexico’s diverse production needs, from small mobile devices to large automotive and network equipment.Read more
Job creation in manufacturing doubles between FY14 and FY23
While the share of manufacturing in India’s GDP remained steady at 16-17% during FY14-FY23, the government aims to increase it to 25% by the end of the decade.Read more
NMDC sets Rs 22 billion capex in FY25 for slurry pipeline and processing plants
A flagship project in this plan is the 135-kilometer slurry pipeline from Bacheli to Nagarnar. Read more
Re Sustainability and Sharrp Ventures launch plastics circularity initiative
By capturing and processing 32,000 tonnes of waste and reducing 15,000 tonnes of CO2 emissions annually, this project aims to produce over 9,000 tonnes of superior recycled polymers each year, providing a reliable supply of these materials for various FMCG and other applications. Read more
Shyam Metalics shares rise 3% post expansion announcement in steel and aluminium
Shyam Metalics operates a unique business model in the metals industry, sourcing around 80% of its power from captive plants.Read more
L&T Semiconductor Technologies and IBM partner to develop advanced processors
This collaboration aims to target areas like edge devices, hybrid cloud systems, mobility, industrial applications, energy solutions, and servers.Read more
Government to launch Green Steel Mission with policy and incentives
This initiative comes as global pressure mounts on countries to reduce their carbon footprint in manufacturing. Read more