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BHEL, Leonardo S.p.A, among the bidders for Army's Air Defence Gun Contract
Bharat Heavy Electricals Ltd (BHEL) and Italy's Leonardo S.p.A are among the three contenders competing for a Rs 6,500 crore contract to supply air defence guns to the Indian Army. Larsen & Toubro and AWEIL also participate.Read more
US-India trade: Set for a Reset
During Prime Minister Narendra Modi’s recent visit to the US many new initiatives were announced by the two countries.Read more
EAM to invest $650 mn to establish EV battery components facility in USA
Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.Read more
SANY India opens its state-of-the-art facility in Pune
SANY India’s new 4S office in association with OM Hydraulics Equipments, strengthens company’ presence in Maharashtra. The head office will cover several districts in Maharashtra, including Pune, Ahmednagar, Aurangabad, Bid, Hingoli, Jalna, Kolhapur etc.Read more
Ramakrishna Forging with Titagarh Wagons remains lowest bidder for manufacturing 80,000 forged wheels
In a tender issued by Indian Railways in September 2022 for the production of 80,000 forged wheels every year for 20 years, Ramkrishna Forging Consortium with Titagarh Wagons Limited remains the lowest bidder with quoted Rs 12,226 crore. The company anticipates a business volume of over Rs 15,000 crore with the new production facility. Read more
Aequs earns a spot in Boeing Premier Bidder Program
The recognition provides Aequs an opportunity to increase business with Boeing, including visibility of upcoming bids and an invitation to program conferences with key Supply Chain leadership.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
India imposes restrictions on bidders from neighbouring countries for public procurement
IEEMA welcomes this government policy on bidding regulations for national security reasons. Bidders from these countries will be eligible only if they are registered with DPIIT. Government has provided relaxation for procurement of COVID medical supplies till December 31.Read more