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Kalyani & AM General to co-develop artillery platforms with advanced recoil tech

These next-gen artillery platforms will feature disruptive technology, responsive and survivable fires, transportability, added lethality, and will optimise crew size due to less logistics requirements. Read more

Price of natural rubber surges more than 33% amid strong demand and low supply

Domestic prices of natural rubber closed August at Rs 238 per kg on average, way above the trend in the past decade.Read more

Indian steel firms slash prices amid rising imports to protect market share

The recent capacity expansions by major players like JSW Steel, Tata Steel, and Jindal Steel and Power Ltd (JSPL) have come online amid a slowdown in demand, leading to an oversupply in the market.Read more

The three paths for mobile hydraulics amidst electrified powertrains

Changes to the hydraulic system (often the least efficient system on an off-highway vehicle) are viewed by many vehicle OEMs as necessary to achieve electrification ambitions. 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

NMDC sets Rs 22 billion capex in FY25 for slurry pipeline and processing plants

A flagship project in this plan is the 135-kilometer slurry pipeline from Bacheli to Nagarnar. Read more

Indian defence market set for 14% annual growth amid government indigenisation

The market opportunity for Indian defence companies is estimated to range between $90-100 billion over the next 5-6 years, with an annual growth rate of approximately 13% during this period.Read more

Reliance Infra plans EV manufacturing facility in India

Reliance Infra is exploring the establishment of a battery plant with an initial capacity of 10 GWh, with plans to scale up to 75 GWh over the next decade.Read more

Engineering growth amid the gloom

India's engineering goods exports touched $ 9.04 billion in July 2024, a rise of 3.6 per cent compared to $ 8.72 billion in July 2023, according to EEPC India.Read more

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