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Poly Medicure to use Rs 10 billion fundraise for capex and acquisitions

Expansion efforts are underway in areas such as cardiology, critical care, and renal diagnostics, focusing on manufacturing to broaden its market presence. Read more

Carborundum Universal acquires full stake in US-based Silicon Carbide Products

The transaction is expected to close by the end of October 2024. Read more

ACE secures 99 special forklifts order from Ministry of Defence

As per the recent agreement, the delivery of 285 specialised forklifts and 6 rough terrain cranes with a 30-ton lifting capacity are in the pipeline.Read more

India’s ACC battery sector to attract $9 billion investment in 5 years

To support this growth, the IESA has advocated for policy parity between ACC-PLI (Production Linked Incentive) bid winners and non-PLI firms regarding business visas for foreign experts involved in setting up ACC manufacturing facilities in India.Read more

India's auto comp industry to triple to $200 billion by 2030

By 2030, sales to original equipment manufacturers (OEMs) could grow to $89 billion, while exports may soar to $100 billion, representing a CAGR of 30%.Read more

Tata Power achieves double milestone of 100,000 home and 1000 e-bus chargers

With a growing network of over 5,600+ RFID enabled 5570+ public and captive charge points, strategically located across malls, hotels, hospitals, offices, residential societies, highways, etc. which are centrally monitored by an advanced Network Operations Centre (NOC) in Mumbai, Tata Power is at the forefront of empowering sustainable mobility in the country.Read more

DAC approves Rs 1.45 trillion defence orders; to boost PSUs

In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more

India’s window to curb its carbon emissions looks increasingly hard to achieve

Over $12 trillion in investment and spending is required for BNEF’s Net Zero Scenario, 34% more than the baseline Economic Transition Scenario. Read more

India added 3.6 GW of solar open access in a record H1 2024

Installations in Q2 2024 were up 152% year-over-year (YoY) compared to 712.8 megawatts (MW) in Q2 2023.Read more

Sterlite Power acquires Khavda Phase-IV (7GW): Part C project

The Phase IV, Part C project includes the construction of various major integral components – 1) a 258 km, 765kV transmission corridor connecting South Olpad (GIS) S/s to Boisar-II (GIS) S/s., 2) construction of a 6000 MVA, 765/400/220kV GIS Substation at Boisar-II. 3)Read more

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