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India’s defence production reaches Rs 1.27 trillion; exports to 90+ countries

India's defence exports crossed Rs 210 billion for the first time in 2023-24, and the ministry has set a target to increase this figure to Rs 500 billion within the next five years.Read more

Himadri Speciality Chemical targets 18% market share in carbon black by FY26

The company is investing approximately Rs 2.2 billion in this expansion, which will more than double the capacity of its specialty carbon black line to 130,000 MTPA.Read more

Daikin invests Rs 14 billion in Indian unit to boost production

Daikin plans to use the funds to expand its manufacturing capacity and increase component production, particularly compressors, with the goal of raising localisation from 75% to nearly 90%.Read more

REC commits $280 million to Hygenco's green ammonia project in Odisha

In July, it was reported that Hygenco is in talks with global investors for a potential stake sale to raise about $400 million for future expansion.Read more

Torrent Power invests Rs 72 billion in green hydrogen and ammonia projects

Torrent Power is also pursuing a pumped storage power project with a capacity of 5-8 GW, requiring an investment of Rs 250 to Rs 350 billion.Read more

Deccan Gold Mines Ltd.’s subsidiary DGMoZ, ships first lithium ore to China

The shipment, totalling 150 tons with a grade of 2.5% Li?O, marks DGML’s debut in the fast-growing lithium market.Read more

Vedanta eyes global EV market with nickel production expansion

This initiative aligns with India's broader goal to reach $1 trillion in exports by 2030, up from $437 billion in the 2023/24 fiscal year.Read more

Thermax partners with Ceres for large-scale green hydrogen production in India

The partnership aims to accelerate the adoption of SOEC technology in India and globally, enhancing green hydrogen production.Read more

FPT Industrial’s F28 engine production line inaugurated in India

With power between 37 and 75 kW for the diesel, it is ideal for both construction and agriculture applications worldwide and in particular for the demanding requirements of the Indian market. Read more

India’s Top 100 Engineering Companies

Despite a slowdown in some of the major global markets amid geo-political tensions, India's engineering exports edged up to $ 109 billion in 2023-24 (2.13 per cent more than $ 107.04 billion in 2022-23). In this edition, Smart Manufacturing & Enterprises (SME) presents India's Top 100 Engineering Companies who have out-performed their peers in FY24 and have emerged as the winners in 2024 list.Read more

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