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Transformers & Rectifiers India Buys 51% of Posco-Poggenamp Electrical Steel

The company acquired 13,770,000 equity shares from existing shareholders under a Share Purchase and Shareholder’s Agreement. Read more

India's solar equipment sector set for Rs 1 trillion investment: CareEdge

To protect and empower domestic manufacturers, the Indian government has implemented a Basic Customs Duty of 25% on solar cells and 40% on modules imported from China since April 2022. Read more

PLI scheme attracts Rs 1.46 trillion investment, creates 950,000 jobs

As of August 2024, the scheme has resulted in over Rs 12.5 trillion in incremental production and sales, more than Rs 4 trillion in exports.Read more

India crosses $1 trillion in FDI inflows

FDI equity inflows into the manufacturing sector during 2014–2024 surged to $165.1 billion, up 69% from the previous decade's $97.7 billion. Read more

Russia eyes India for train manufacturing to fulfil domestic needs

This move aligns with Russian railway giant TMH’s interest in establishing manufacturing facilities in India.Read more

India to invest over Rs 9 trillion in power transmission by 2032

Inter-regional transmission capacity is expected to rise from the current 119 GW to 143 GW by 2026-27 and further to 168 GW by 2031-32Read more

SAIL partners with John Cockerill for green steelmaking technologies

This partnership comes as SAIL continues to navigate market challenges, reporting a 31% decline in consolidated net profit to Rs 8.97 billion in the September quarter, attributed to lower income and subdued demand. Read more

India’s petrochemical set to grow threefold to $1 trillion by 2040: Hardeep Puri

To meet this demand, state-owned companies like ONGC and BPCL are collaborating with private firms, investing around $45 billion in new projects, with government expectations of an additional $100 billion in investments over the next decade.Read more

IIT Delhi develops cost-effective solar cell technology

The team’s work focuses on Perovskite solar cells and was recently published in the SMALL journal. Read more

India's automobile exports rise 14% in April-September; Driven by PVs and e2W

In FY24, India’s automobile exports declined 5.5%, totalling 45,00,492 units, compared to 47,61,299 units in FY23, due to global financial pressures. Read more

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