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Balu Forge announces Q2FY25 results: PAT rises 106.9% YoY to Rs 481.4 million
The company is on the verge of commercialising the first phase of the new manufacturing campus and it will drive the next leg of growth.Read more
Tips to manufacture pressure vessel using metal 3D printing technology
Arc-based metal 3D printing can be more flexible and economical than machining or forming processes, especially in case of complex geometries. There are compelling reasons to use them to additively manufacture pressure vessel.Read more
Sales of Indian MCE industry to fall by 5-7% in FY2025: ICRA
Road construction accounts for 35-45% of MCE sales in India, followed by mining (20-30%), real estate (10-20%) and other sectors (railways, water supply, power etc.).Read more
Navitas Solar declares new manufacturing facility at REI Expo 2024
In the next phase of development, Navitas Solar plans to add an additional 600,000 square feet to the facility. Read more
Freudenberg expands with €42 million manufacturing plant in Morinda, Punjab
The facilities will cater to key sectors such as automotive and industrial manufacturing, ensuring the company remains competitive by optimising material flows and leveraging modernised equipment.Read more
India advances military and space ambitions with major orders in September
A key highlight was the Defence Acquisition Council (DAC) approving 10 capital acquisition proposals worth Rs 145 billion, including the procurement of Future-Ready Combat Vehicles (FRCVs) to enhance the Army's mobility and firepower.Read more
India's MCE industry set for 70-80% expansion in 5 years: ICRA
The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more
Ansys launches high-performance computing data center in Pune
The new data centre enhances computational power for critical R&D and technical simulations, enabling innovation across sectors like aerospace, automotive, and healthcareRead more
Hitachi Energy to invest $250 million in India’s transformer production
In India, the expansion will include significant upgrades to its large power transformers factory and relocation of its bushings factory in Gujarat, alongside enhanced testing facilities for specialty transformers.Read more
Toys“R”Us India to launch locally manufactured toys by mid 2025
Local manufacturing will also enable Toys“R”Us India to optimise pricing. Read more