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GOI approves Konoike Transport as buyer of Ferro Scrap Nigam for Rs 320 billion
FSNL, founded in 1979, specialises in recovering and processing scrap from slag in steel plants.Read more
Lenovo begins manufacturing AI servers in India
The production line at Lenovo's Puducherry facility, operational since 2005, will cater to both local and international markets.Read more
Jindal India to invest over Rs 15 billion to expand steel business
Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. Read more
REC signs MoU with RE developers for Rs 1.12 trillion during 4th RE-INVEST
This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of Rs 10 trillion by 2030.Read more
REC commits $280 million to Hygenco's green ammonia project in Odisha
In July, it was reported that Hygenco is in talks with global investors for a potential stake sale to raise about $400 million for future expansion.Read more
ReNew commits Rs 315 billion for solar power manufacturing in Gujarat
According to the MoU, ReNew will allocate Rs 175 billion to develop 3,000 MW of solar and 630 MW of wind projects in Gujarat, aimed at supplying power to the state. Read more
Danfoss India launches of next-gen iC7 System Module with Integration Unit
The newly introduced iC7 system module by Danfoss is a premium, multipurpose product from industrial drives family, designed for global application across general industry, marine environments, and electrification.Read more
NMDC sets Rs 22 billion capex in FY25 for slurry pipeline and processing plants
A flagship project in this plan is the 135-kilometer slurry pipeline from Bacheli to Nagarnar. Read more
Engineers India gets Rs 46.81 billion business; Order book now Rs 113.5 billion
The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments.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