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Indian Oil Corp, Panasonic forge partnership for Li-ion battery manufacturing
The Indian government has taken steps to promote battery manufacturing by approving the PLI Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage,' with a budgetary outlay of Rs 18,100 crore.Read more
Mahindra's bold move: 30% of auto production to be electric by 2027
Anish Shah, the Managing Director and CEO of Mahindra and Mahindra, unveiled the company's strategic vision at the Davos 2024 World Economic Forum.Read more
Delta Electronics, Ceres Power join forces to advance hydrogen energy solutions
As part of the agreement, Delta will gain access to Ceres' Hydrogen energy stack technology portfolio through technology transfer and licensing, involving an investment of approximately GBP43 million.Read more
Safety of machinery: Connectivity makes the difference
Integration, networking and linking are important trends in automation technology. Both a machine’s manufacturer and user can reap the benefits of digitisation, such as increased productivity, easy adaptation to individual requirements and improved error diagnosis.Read more
Aequs clinches Best Ecosystem Accelerator award at Wings India 2024
Named joint winner with Airbus in the category that recognises companies excelling in developing and nurturing Aerospace Manufacturing Ecosystems in the country.Read more
Antunes unveils state-of-the-art cooking equipment factory near Chennai
This marks Antunes' third manufacturing unit, complementing its existing facilities in the United States and China. The company boasts a distinguished clientele, serving major quick-service restaurants (QSRs) such as McDonald’s, Burger King, KFC, and Popeyes.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
Acme Group targets $300 mn equity raise for Green Hydrogen Ventures
The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.Read more
Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme
The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more
SECI unveils leading bidders for 3400 MW electrolyser manufacturing in green hydrogen transition scheme
Following the Envelop-1 bid opening, 21 manufacturers, including major players such as Adani New Industries, John Cockerill Greenko Hydrogen Solutions and Waaree Energies, are actively participating.Read more
