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PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants

The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more

Fan Industry revives amidst rising demand and energy efficiency transition

The Indian fan industry boasts an estimated worth of approximately Rs 10,500 crore, with approximately 200 entities operating in the segment, including 14 well-known brands.Read more

BEL and Israel's IAI join forces for Indian Defense Advancement

This partnership between BEL and IAI is not a recent development; it stems from a long-standing history of collaboration between the two entities.Read more

Sweden’s Munters acquires ZECO to strengthens its market position in India

ZECO will provide Munters with a strong platform to expand its dehumidification offering in the Indian market. Read more

Alstom successfully delivers the first trainset for Bhopal-Indore metro rail project

The Bhopal-Indore metro features the latest generation of Communications Based Train Control (CBTC) signalling system. Under the Make in India and Atmanirbhar Bharat initiatives, these metro trains are being manufactured in Savli, Gujarat.Read more

NORD presents drives for all crane applications

For all types of cranes and load ranges – whether building, bridge or floating cranes, NORD offers perfectly matched drive components from a single source: gear units, industrial gear units, electric motors and drive electronics.Read more

India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead

According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more

India's First RC Track Bed for Mumbai-Ahmedabad High-Speed Rail takes shape

The design is inspired by Japanese Shinkansen system and the advanced track system consists of pre-cast track slabs onto which fastening mechanisms and rails are affixed.Read more

Ansys and Venture Center collaborate to create simulation center for startups

The parties have signed an MoU to provide early-stage startups with access to multiphysics simulation software and high-performance computingRead more

Manufacturing GVA lags behind despite positive economic indicators

In the first quarter of the preceding fiscal year, it remained stagnant at 17.2 per cent.Read more

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