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Warburg Pincus acquires majority stake in Imperial Auto

Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more

PLI scheme to account for 13-15% capex in key sectors

Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more

Hilco Global buys ThyssenKrupp Steel’s plant in Germany

Amsterdam-based Hilco Industrial Acquisitions, BV, an operating company of US-based Hilco Global, has acquired all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

3i EXPO Webinar: Industry 4.0 for Manufacturing Sustainably

The second panel discussion of 3i EXPO webinar series discussed ways to use Industry 4.0 and automation to reduce carbon footprint and achieve the Sustainable Development Goals.Read more

Indian Govt approves 75 auto component makers for incentives under PLI Scheme

Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead more

Schwing Stetter signs MoU with HPCL & Gulf Oil for lubricants

Schwing Stetter India, one of India’s largest manufacturers of concreting and construction equipment, has joined hands with Gulf Oil and HPCL to launch a range of genuine oils for construction equipment. Read more

PLI scheme is a clear gamechanger for electronics sector

PG Electroplast, electronic components, Vikas Gupta, Promod Gupta, AC Component, PLI scheme, plastic components, washing machines, air conditioners, air coolers, LED televisions, plastic moulded components, electronic manufacturing services, Rakesh RaoRead more

Oscar Equipments: Taking a lead in hydraulic technology

Businesses often face challenges. Yet there are certain businesses that actually thrive on overcoming challenges, especially those posed by their end users.Read more

CECO Electronics’ high-quality products help save energy

As part of its growth strategy for the future, CECO Electronics is planning to venture into the field of solar pump and robotic controls for industrial use.Read more

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