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Wheels India to spend Rs 2 billion on capex; current FY

revenues for the quarter remained relatively stable at Rs 11.67 billion, slightly lower than the Rs 11.72 billion recorded a year ago.Read more

L&T to own 100% of LTSSHF; to buy NPCIL stake

A delay in equity infusion by the promoters, led to the net worth of LTSSHF to fall to negative Rs 25.73 billion as of March 31, 2023.Read more

India to become landfill for Chinese products amid US Beijing tariff war; GTRI

These tariffs include a 100% duty on electric vehicles, a 50% duty on semiconductors, and a 25% duty each on electric vehicle batteries originating from China.Read more

India: An emerging manufacturing hub

The contribution of the ‘industry’ sector – which includes manufacturing, mining and quarrying and allied industries – has been consistently around 25 to 30 percent in the last ten years, says R Jayaraman.Read more

Incentives to be offered to steelmakers for using domestic coking coal

The coal ministry said on 13 March that monetization of the Dugda Coal Washery will be held through a transparent competitive auction process and will be awarded to a steel manufacturerRead more

Will exports turn positive amid Red Sea crisis?

Armed conflict in the Red Sea is affecting the global trade as the movement of goods has been hindered by the conflict since November last yearRead more

IIT Kharagpur innovations “iToFD” and “iWeld” shortlisted for TechEx 2024

IIT Kharagpur’s latest innovation “iToFD” and “iWeld” on AI-enabled non-destructive testing for weld defect analysis, from Centre of Excellence in Advanced Manufacturing Technology have been shortlisted for “TechEx 2024” exhibitionRead more

The green path to $ 10 trillion economy

In 2023, green manufacturing startups were able to attract more than $10 billion investment globally (with sectors like batteries, transportation, building and materials, and metal emerging as the most popular choices for investors), according to a Crunchbase report.Read more

Magal Engineering offers high-speed Etone presses

Magal Engineering Co India Pvt Ltd has partnered with Zhejiang Etone Precision Machinery Co Ltd in India to offer the world-class mechanical and high-speed Etone presses with a good balance of technical features and economic value.Read more

Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023

Synergy Steels has implemented a holistic strategy to fortify sustainability across its manufacturing procedures and supply systems – achieving the highly esteemed recognition in environmental stewardship.Read more

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