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ReNew commits Rs 315 billion for solar power manufacturing in Gujarat
According to the MoU, ReNew will allocate Rs 175 billion to develop 3,000 MW of solar and 630 MW of wind projects in Gujarat, aimed at supplying power to the state. Read more
Govt approves NPCIL-NTPC JV company ASHVINI to start nuclear power generation
The Govt has also approved exemption to NPCIL to invest more than Rs 5 billion and exemption to NTPC to invest more than Rs 50 billion in a single joint venture/subsidiary company. Read more
Shyam Metalics began Phase I of a greenfield Cold Rolling Mill at Jamuria plant
The project was commissioned in September 2024.Read more
High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
Applied Materials considers new operations near semiconductor facilities
The move is part of a strategy to stay close to its customers and capitalise on the expected growth as semiconductor factories begin to establish themselves in India.Read more
United Grinding Group unveils umati; to help machines connect easily
The UNITED GRINDING Group uses umati to connect various machines easily, including older ones, in their production environment.Read more
ZF Lifetec opens €5 million global competency centre in Hyderabad
The current team of 220 engineers in Hyderabad is set to grow to over 500 in the next five years, as the company expands its capabilities in line with increasing demand.Read more
China's steel exports a concern for India; Tata Steel TV Narendran
China, which produced 54% of the world’s crude steel in 2023, has been increasing its steel exports amid a slowdown in domestic demand, particularly due to challenges in its real estate sector.Read more
Caterpillar to invest Rs 5 billion to expand Tamil Nadu facilities
In addition to this MoU, agreements worth Rs 70.16 billion were signed with 16 global companies in San Francisco and Chicago.Read more
Indian EV market expected to grow at over 40% CAGR till 2027: Niveshaay
The EV sales volume in India could touch around 3-4 million units by 2025 and 10 million by 2030.Read more