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Hindalco Industries to invest Rs 800 cr in new battery foil plant in Odisha

The new plant will augment the company's manufacturing capacity for high-quality aluminum foil, essential for rechargeable batteries, to cater to the rapidly expanding market for electric vehicles (EVs) and energy storage systems.Read more

Hindustan Aeronautics to invest Rs 2000 cr on R&D for avionics

The HAL will also showcase its rich legacy in the design, development and production of a diverse range of avionics systems at Avionics Expo 2023 in Delhi on December 7 and 8.Read more

PLI scheme: The way forward

The Rs 2.71 trillion Production-Linked Incentive (PLI) schemes, rolled out to promote the economic development of various sectors, have faced multiple implementation challenges. Bhavesh Thakkar summarises such challenges and also presents the way forward.Read more

Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing

A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more

ABB, Titagarh forge strategic partnership for Metro Propulsion Systems in India

The agreement encompasses Titagarh purchasing ABB propulsion systems, including traction converters, auxiliary converters, traction motors, and train control management system (TCMS) software.Read more

Vedanta in talks with Innolux for display fab in India

A spokesperson from Vedanta's semiconductor and display business confirmed to PTI that discussions are underway for the establishment of a display fabrication facility.Read more

Goodluck Defence and Aerospace expands operations with Rs 96 cr investment

Although operational activities of the company established on August 31, 2023, are yet to commence, the company has already secured a substantial investment of Rs 40 crore from its parent company.Read more

NHSRCL launches high-tech track slab facility in Anand, Gujarat

This facility, sprawling across 1 lakh square meters, is equipped with state-of-the-art technology dedicated to producing track slabs essential for the ballastless track works of the MAHSR project.Read more

Electronica India, productronica India shine spotlight on Indian electronics industry

Trade fairs electronica India and productronica India, held from September 13 to 15, 2023, witnessed 39,133 visitors and over 1,800 buyer-seller meetings. Events shaped the future of electronics manufacturing with special focus on emerging segments such as semiconductor manufacturing, display manufacturing and electric vehicles.Read more

Indian govt develops Rs 120 bn PLI scheme for heavy machinery in mining, construction

Ministry of Heavy Industries is presently soliciting input from the industry regarding the scheme's product scope, implementation strategy, and the extent of incentives it should offer.Read more

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