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Freudenberg India to invest Rs 350 crore in CY 2024 for expansion
Globally, Freudenberg Group’s operating profit reaches Euro 1.1 billion, surpassing the 1 billion mark for the first time (up 15 percent). Read more
India eyes Rs 3 trillion defence production by 2028-29
The Ministry of Defence was allocated Rs 6.21 trillion in the Union Budget 2024-25, which is the highest among the Ministries.Read more
Govt's PLI Scheme Spurs Rs 1.03 tn investment, exceeds Rs 3.20 tn in exports
As of now, companies participating in the scheme have received incentive disbursements totaling Rs 4,415 crore, compared to the Rs 1,541 crore disbursed by September.Read more
Grew Energy secures Rs 3,800 cr investment for 2.8 GW Solar Manufacturing Unit in Gujarat
The agreement outlines Grew Energy's plans to establish a solar component manufacturing unit with a 2.8 GW capacity in Dholera by 2025.Read more
Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs
The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more
Vedanta greenlights Rs 3,400 cr NCDs raise for capital structure enhancement
Last week, Vedanta Resources (VRL), the UK-headquartered parent company of the Vedanta group, announced securing a USD 1.25-billion loan from private lenders to refinance a portion of its $3.2-billion debt maturing in 2024 and 2025.Read more
Nirma plans Rs 3,500 cr NCDs issue for GLSL acquisition and business growth
CRISIL, the rating agency, has assigned an “AA” rating to Nirma's proposed NCDs, reaffirming ratings on the company's existing bank facilities and debt instruments.Read more
Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India
Sahasra group's Semiconductor division has achieved the milestone of being the first private Indian company to commence packaging and testing operations for NAND flash memory.Read more
Sahasra Electronics to invest Rs 3.5 bn on semiconductor packaging
Noida based company to use funds for over next 3 yearsRead more
ONGC plans Rs 350 bn investment for 5 GW RE Capacity by 2030
ONGC is actively exploring various avenues, including pumped storage with a two GW capacity, five GW of solar and onshore wind capacity, and offshore wind with a one GW capacity, all to be realized by 2035.Read more
