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Aditya Birla Group eyes further investments in US manufacturing and R&D

Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas.Read more

Six industries drive over half of India’s formal manufacturing GVA: NSO

In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more

GOI approves Konoike Transport as buyer of Ferro Scrap Nigam for Rs 320 billion

FSNL, founded in 1979, specialises in recovering and processing scrap from slag in steel plants.Read more

Shyam Metalics shares rise 3% post expansion announcement in steel and aluminium

Shyam Metalics operates a unique business model in the metals industry, sourcing around 80% of its power from captive plants.Read more

SKH collaborates with Magna International for automotive innovations

This alliance is set to enhance product offerings, broaden market reach, and push technological boundaries in the automotive industry.Read more

Metalogic PMS holds conference on steel & metals for India's defence sector

The country's defence sector has shown impressive progress, with annual domestic defence production reaching nearly Rs 1.27 trillion in FY24, a 16.7% rise from Rs 1.09 trillion in the previous fiscal year. Read more

TFS launches ‘Make in India’ air quality monitoring system analysers

Designed to provide accurate data on air pollutants and gases, the AQMS analysers play a crucial role in monitoring and regulating industrial emissions, contributing to the government’s efforts in curbing air pollution.Read more

Vedanta accelerates steel asset sale, focuses on core mining in restructuring move

Recently, Vedanta announced plans to restructure its operations, creating separate commodity-focused entities to strengthen its financial position.Read more

ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs

The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more

KEC International bags orders of Rs 1,025 crores

KEC International Ltd, a global infrastructure EPC major and an RPG Group Company, has secured new orders of Rs 1,025 crores across its various businesses. Read more

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