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Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion
The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more
Servotech gets 1.2 MW solar storage and grid order from UP SIRD and UPNEDA
The company will also be designing, manufacturing, supplying, erecting, testing and commissioning 20 kW and 40 kW grid-connected solar power systems, contributing to the state’s renewable energy goals. Read more
ABB transforms the UPS sector
Green UPS technology now offers significantly higher efficiency, ranging from 94 to 97%, compared to the traditional 80 to 88%, marking a substantial improvement in energy conservation and sustainability.Read more
Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid
Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more
Govt expected to relax 45-day payment rule for MSMEs in upcoming Budget
MSMEs have raised concerns that this provision could lead large buyers to avoid MSME suppliers, opting instead for non-MSMEs or those not registered with Udyam. Read more
60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities
The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more
Component PLI top ask of electronic firms for upcoming Budget
The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more
Beumer Group sets up Rs 2 billion production site in Reliance MET City
Laying of the foundation stone took place on 27 June 2024, with representatives of Beumer Group and Reliance MET City attending the ceremonyRead more
Hannover Messe 2024: Powering Sustainable Manufacturing
At Hannover Messe 2024, 4,000 exhibitors from all over the world presented their innovative, futuristic solutions to more than 130,000 visitors from 150 countries. The event offered a comprehensive picture of technologies that are crucial to drive the agenda of sustainable manufacturing, reports Rakesh RaoRead more
BPE installs 19 500kVA UPS systems at Foxconn's iPhone manufacturing plant
Expanding its global reach, BPE has recently supplied UPS systems to Singapore Airport, 120KVA to Grasshopper Singapore, 20 units of 200kVA to Indonesia's Power System Department, and various universities in Malaysia.Read more