Government wants private companies to establish new manufacturing units fast

The government wants new domestic enterprises to set up manufacturing operations in India quickly, thus the 15% concessional tax rate has been extended for another year, till March 2024, according to Revenue Secretary…

Assam attracts 16 ethanol projects Rs 3,290 crore

Assam Chief Minister Himanta Biswa Sarma met with the founders of seven ethanol manufacturing companies who applied to set up their facilities in the state under the Assam Ethanol Production Promotion Policy, 2021….

PVR to invest Rs 30 crore in 8-screen property at Gurugram

PVR has secured a deal with real estate developer M3M India for an impending eight-screen property at Gurugram’s 65th Avenue, a newly completed one-million-square-foot retail project.   “It will take around a year’s…

India Pesticides Ltd announces Q3 and year ending results

Pesticides India Limited, one of the fastest growing agro-chemical firms in terms of technical manufacturing volume, announced its financial results for the quarter and year ending December 31, 2021.   Commenting on the…

Scatec, ACME puts 900-MW solar project in India on hold

Scatec ASA, a Norwegian renewable energy company, and ACME, an Indian solar energy company, have decided to put their 900-MW solar project in India on hold. Scatec revealed this in its fourth-quarter financial…

Adani Group forms unit to establish data centre in Mumbai

Adani Group, a port-to-energy conglomerate, has formed a new subsidiary to establish a data centre in Mumbai, one of a half-dozen cities picked by billionaire Gautam Adani’s group to establish data centres first….

Hubert Enviro Care Systems acquires 2.5 acre industrial land in Tamil Nadu

Hubert Enviro Care Systems (HECS) announced that it has purchased a 2.5-acre industrial land lot in the SIPCOT Vallam Industrial Estate on the outskirts of Chennai for the purpose of establishing its second…

NHPC floats tender for Dugar Hydro Electric Project

The NHPC has issued a tender for the construction of the 500 MW Dugar Hydroelectric Project. The power plant is located in Luj Village, Himachal Pradesh’s Chamba district. The winning bidder would have…

Bharat Dynamics inks contract for supply of Konkurs-M anti-tank missiles

The Indian Army and Bharat Dynamics Limited (BDL) have inked a deal worth Rs 3,131.82 crore for the manufacturing and supply of Konkurs – M AntiTank Guided Missiles. The pact, which was inked…

Servotech inks MoU with Smart Power India

Servotech Power Systems Limited, a leading manufacturer and distributor of high-end solar products, LEDs, Oxygen Concentrators, and EV Charging equipment, has signed a Memorandum of Understanding (MoU) with Smart Power India, a subsidiary…

Ducon Infratechnologies bags order from NALCO

National Aluminium Company (NALCO), a Central Government Enterprise, and a Navaratna have awarded Ducon Infratechnologies Limited (BSE:534674, NSE: DUCON) projects in its Bulk Material Handling Segment.   Ducon will complete Lumpsum Turnkey projects…

KNR Constructions receives appointed date for HAM project

The Competent Authority has approved the declaration of the appointed date as January 21, 2022, according to KNR Constructions Ltd‘s announcement to the Exchanges.   The declaration of the appointed date is for…

Indian Hotels Company reports consolidated financials for third quarter

The Indian Hotels Company Limited (IHCL) has released its consolidated financial results for the third quarter of 2021, which ended on December 31, 2021.   In Q3FY22, the company’s revenues increased by 85…

BPCL approves proposal to discontinue polyols project in Kochi

The Board of Bharat Petroleum Corporation Limited (BPCL) approved a proposal to evaluate the possibility of putting up a Polypropylene unit at Kochi Refinery and discontinuing the Polyols project at its meeting on…

Majestic Basmati Rice signs vant-Garde as engineering consultants

Majestic Basmati Rice, a subsidiary of the JVS group of companies, has hired Avant-Garde as engineering consultants. For the proposed 65 klpd grain-based distillery with cogeneration facilities in Madhya Pradesh, Avant-Garde will develop…

ElectriVa to set up one lakh charging points

In an attempt to dominate the EV charging industry as a first mover, ElectiVa, an electric vehicle charging provider, announced it will install one lakh charging sites across India in the next three…