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Alpex Solar’s Q3 profit surges 423%, expands manufacturing capacity

Alpex Solar also plans an additional 1.2 GW module manufacturing plant and an aluminum frame production facility, both slated to begin operations by December 2025. Read more

Cummins India releases Q3 FY24-25 results- PAT stands at Rs 4.51 billion

Total sales for the quarter at Rs 24.48 billion higher by 31% compared to the same quarter last year and higher by 8% compared to the previous quarter.Read more

Siemens Limited announces 7% increase in revenue, 25% rise in PAT in Q3 FY 24

The new orders stood at Rs 62.45 billion, an increase of 18% over the same period last year. Read more

Vipul Organics announces Q3 results for FY 2023-2024

Total Revenues in Q3 of 2023-24 stood at Rs 3761 Lakh, up 34.88% from Q3 of 2022-23.Read more

Valeo to supply electric powertrain for Mahindra & Mahindra’s EV program

The total order is close to 1 billion dollars and was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.Read more

Igus develops a two-component injection-moulded plain bearing

New to the agricultural and construction machinery industry: with the new iglidur Q3E plain bearing, igus has - for the first time - managed to manufacture heavy-duty bearings made of two layers of high-performance plastic using a cost-effective injection-moulding process. Plastic-based, multi-layer structures previously required the winding process, which is more expensive for high volumes.Read more

Space startup investments surge in Q3 amid government contracts boom

Despite the typically sluggish nature of the July-September period, funding for 103 companies surged by 17% to reach $3 billion, according to the findings by venture capital firm Space Capital.Read more

Indian construction equipment industry up 23% in Q3 FY23

Indian Construction Equipment Manufacturers’ Association (ICEMA), apex association for Construction Equipment (CE) manufacturers in India announced its Q3 FY23 results with shows sales grew by 23 percent YoY growth with 27,817 units of Construction Equipment being sold.Read more

Construction equipment sales in India drops by 23% in Q3 FY22: ICEMA

The construction equipment sales suffered on account of multiple factors, the most noteworthy being the significant slowdown in road construction activity, according to the Indian Construction Equipment Manufacturers Association (ICEMA).Read more

COVID Impact: Machine tools industry may recover in Q3

The spread of COVID-19 has delivered a severe blow to the global economy. Due to the disruption caused by COVID 19 in the first half of the year, the recovery of the machinery industry has been delayedRead more

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