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Wagon makers set for 20% revenue growth this fiscal: CRISIL
With order books standing at 2.3 times the revenue of wagon makers, the sector is expected to operate at 90% capacity this fiscal, up from less than 50% in fiscal 2021. Read more
Tata Steel commissions India’s largest blast furnace at Kalinganagar
With a total investment of Rs 270 billion, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA.Read more
Daikin invests Rs 14 billion in Indian unit to boost production
Daikin plans to use the funds to expand its manufacturing capacity and increase component production, particularly compressors, with the goal of raising localisation from 75% to nearly 90%.Read more
Ultraviolette unveils India’s first-ever superbike & aims to claim speed records
Touted to be India’s first superbike, it aims to claim Indian speed records in the ensuing 90 days.Read more
India's new machinery safety rules to affect over 150,000 manufacturers
The MSME sector, which contributes about 30% of India's GDP and over 45% of exports, is voicing concerns and seeking an extension of the deadline.Read more
Lenovo begins manufacturing AI servers in India
The production line at Lenovo's Puducherry facility, operational since 2005, will cater to both local and international markets.Read more
Min of Heavy Industries organises event celebrating FAME’s success in India
The FAME Scheme was launched to give a major boost to the development and adoption of electric vehicles in the country.Read more
Tata Group and Analog Devices to explore semiconductor manufacturing in India
Recently, Tata Group laid the foundation for a Rs 270 billion semiconductor assembly and test facility in Morigaon, Assam.Read more
Jindal India to invest over Rs 15 billion to expand steel business
Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. Read more
Harnessing the sun: How solar panels revolutionise energy in India
One of the most remarkable aspects of solar power in India is how vast tracts of barren, unproductive land are being transformed into green, energy-producing hubs.Read more