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Caterpillar to invest Rs 5 billion to expand Tamil Nadu facilities

In addition to this MoU, agreements worth Rs 70.16 billion were signed with 16 global companies in San Francisco and Chicago.Read more

GST Council introduces Reverse Charge Mechanism on metal scraps

Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more

CEAT inaugurates new Truck Bus Radial (TBR) line at Chennai facility

With a 25% green cover, 40% of the plant’s energy is sourced from renewable energy, including a 5 MW solar rooftop installation, with plans to increase this to 50% by 2025. Read more

Reliance Infra plans EV manufacturing facility in India

Reliance Infra is exploring the establishment of a battery plant with an initial capacity of 10 GWh, with plans to scale up to 75 GWh over the next decade.Read more

India's first silicon carbide manufacturing facility to be established in Odisha

The project, expected to generate over 500 jobs across research, development, and factory operations, will boost Odisha's industrial growth and position it as a key player in the global power electronics market.Read more

John Cockerill and Greenko to invest Rs 28 billion in electrolyser facility

Michel stated the plant will have an annual capacity of producing 2 gigawatts of electrolysers, which are essential for producing green hydrogen by splitting water into oxygen and hydrogen using renewable energy.Read more

Valeo inaugarates new power electronics production facility in Pune

To reduce emissions, the site has replaced its employee transportation buses with new BS VI-compliant vehicles, introduced two electric vehicles for guest commutes, and implemented various other energy efficiency improvements within the plant to lower the carbon footprint.Read more

DAC approves Rs 1.45 trillion defence orders; to boost PSUs

In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more

G&B launches Rs 1 billion AI-driven washing machine production facility in Pune

Located in Shirwal near Pune, the facility spans 100,000 sq. ft. and is set to add a capacity of 300,000 units annually.Read more

Air India to construct mega MRO facility in Bengaluru

Air India has also signed an agreement with SIA Engineering Company (SIAEC) to be its strategic partner for the development of this MRO facility.Read more

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