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INOX to set up mini LNG terminal for Island Power Producers in the Bahamas
The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. Read more
France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
India's exports set to exceed $800 billion this fiscal year: A Sakthivel
He highlighted that the establishment of 12 new industrial cities would further stimulate domestic manufacturing, while the success of the Production-Linked Incentive (PLI) scheme has bolstered the manufacturing sector. Read more
Amara Raja to launch battery recycling operations in TN by November end
Currently, 83% of the lead in the company’s manufacturing comes from recycled sources.Read more
EEPC targets $300 billion in exports by 2030; Shows vision for New India: Goyal
The Minister also acknowledged EEPC’s contributions across various sectors, including mobility, capital goods, and steel, noting that the council has been pivotal in building national engineering capabilities.Read more
Sig Sauer to manufacture 73,000 assault rifles by 2025 for the Indian Army
Sig Sauer also plans to increase the proportion of locally manufactured components, integrating more Indian technology and materials into its products.Read more
Mahanagar Gas partners with IBC to build lithium-ion cell plant in Bengaluru
Designed to meet India’s specific needs, the lithium-ion cells offer features like long warranties, fast charging, safety, high-temperature performance, recyclability, and easy integration into battery packs.Read more
Climaveneta to invest Rs 4 billion in Bengaluru facility expansion
CCT, a leading chiller manufacturer with an order book exceeding Rs 5 billion, aims to double its annual order intake and achieve Rs 10 billion in revenue within the next four to five years.Read more
Hero-owned Tessolve acquires Dream Chip Technologies for Rs 4 billion
This move aligns with India’s Semiconductor Mission launched in late 2022 to bolster the country’s role in this critical industry following the global chip shortages post-COVID-19.Read more
Cummins India releases Q3 FY24-25 results- PAT stands at Rs 4.51 billion
Total sales for the quarter at Rs 24.48 billion higher by 31% compared to the same quarter last year and higher by 8% compared to the previous quarter.Read more