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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

PM Modi inaugurates Asia’s largest aero show - Aero India 2023 at Bengaluru

Aero India 2023, five days event spanning from Febuary 13 to 17, is going to witness participation from 98 countries with 32 Defence Ministers and 73 CEOs of global and Indian OEMs showcasing their aerospace and defence capabilities.Read more

Budget 2023: Revving up manufacturing with duty revisions and capex boost

By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more

Bharat Forge arm JS Auto buys Indo Shell Mould’s Erode unit

The SEZ Unit, with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the third manufacturing unit of JS Auto.Read more

Kalyani Group pioneers green steel manufacturing in India

This major milestone will enable Saarloha to contribute towards the government of India’s commitments to reduce the carbon emissions by 45 per cent by 2030, over 2005 levels and to become Net Zero emissions country by 2070.Read more

India can save Rs 3 trn by developing indigenous gas turbine engines

There are many inadequacies and challenges in developing indigenous aero gas turbine engines. If successful, it will be the biggest push to the Atmanirbhata campaign, saving the Ministry of Defence foreign exchange outflow of Rs 3 trillion in any block of 20 years, says Insighteon Consulting. Read more

Bharat Forge arm, Spain’s Talgo form JV for making high speed trains

The proposed collaboration between BF Infrastructure Ltd and Talgo India will focus on setting-up manufacturing, maintenance and life cycle support hub for new generation, energy efficient, lightweight aluminum high speed railway trains.Read more

Balu Forge buys Mercedes Benz’s German precision machining unit

Balu Forge Industries Ltd (BFIL) - the Mumbai-based manufacturer of fully finished and semi-finished forged crankshafts and other forged components for automotive industry - has acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim (Germany). Read more

Balu Forge acquires Mercedes Benz’s precision machining unit in Germany

This acquisition will enable BFIL to produce crankshafts and other precision machined components for Original Equipment Manufacturers in the Class 7 and Class 8 trucks and heavy-duty vehicle category.Read more

Bharat Forge and Paramount Group to manufacture armoured vehicles in India

Both the companies signed an agreement during the International Defence Expo (IDEX 2021), Abu Dhabi.Read more

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