Asian Development Bank to lend Rs 754 crore loan to SAEL Industries

The Asian Development Bank (ADB) will lend SAEL Industries Ltd up to Rs 754 crore for the construction of biomass power plants in Rajasthan. According to a press release, the lender and SAEL…

Schaeffler India to invest Rs 1,500 crore for capacity expansion in next three years

Schaeffler India, a manufacturer of automotive and industrial parts, plans to invest Rs 1,500 crore in capacity expansion over the next three years, including the establishment of a new factory in Hosur at…

TVS Industrial and Logistics Park to construct 20 mn sq ft of industrial space

TVS Industrial and Logistics Park, which provides industrial warehousing, intends to build 20 million square feet of industrial space by 2027. According to Ramnath Subramaniam, CEO of TVS ILP, the development will help…

R & D Center

Thejo Engineering announces Rs 70 crore expansion plan

Thejo Engineering Ltd, a engineering solution provider to the core sector, has announced a 70 crore expansion plan. “At a cost of 45 crore, we expanded our existing manufacturing facility in Chennai, increasing…

SWELECT Energy inaugurates solar module manufacturing unit in Tamil Nadu

SWELECT Energy Systems Ltd, formerly Numeric Power Systems, a manufacturer of solar photovoltaic modules, announced the opening of its solar module manufacturing unit in Tamil Nadu. SWELECT’s 140 MW facility in Bengaluru has…

Hydrogen Gentech to develop hydrogen purification Unit for Balaji Speciality

Hydrogen Gentech P. Limited (HGPL) has been chosen by Balaji Speciality Chemicals Limited (BSCL), a subsidiary of Balaji Amines Limited, to design, engineer, manufacture, supply, and commission its Hydrogen Purification Unit (HPU). Using…

Wardwizard commences operations of Lithium-Ion Battery assembly unit in Vadodara

Wardwizard Innovations and Mobility Limited, a Vadodara-based electric vehicle (EV) company, has announced the start of its 1 GWh lithium-ion battery assembly line as part of the first phase of developing an EV…

Dholera greenfield airport project progressing at a rapid pace

Construction of the runway for the Dholera International Airport Project has begun approximately nine months after approval from the Union cabinet committee. This new greenfield airport will be Ahmedabad’s second international airport, located…

MoD inks contracts with BEL and Indian Air Force

The Ministry of Defence (MoD) and Bharat Electronics Ltd (BEL), a DPSU, have agreed to two contracts totaling Rs. 3800 Cr. for the delivery of medium power radar and digital radar warning receivers…

Shree Ajit Pulp And Paper signs MoU with Gujarat government

Shree Ajit Pulp and Paper Limited has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for expansion of Unit II situated at Plot No.1, Plot 1/B, Phase I, GIDC, Vapi-…

Patel Engineering Ltd in JV emerges lowest bidder for Dibang Multipurpose Project

Patel Engineering won the tender issued by NHPC Limited for the construction of civil works for Lot 4: Comprising Head Race Tunnels including Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail…

G R Infraprojects becomes L1 bidder for NHAI tender

G R Infraprojects Limited has emerged as the lowest bidder for a tender invited by National Highways Authority of India. The National Highways Authority of India issued the tender for “Four laning of…

Kalpataru Power Transmission secures new orders of Rs 2,477 crore

With new orders or notice of awards, Kalpataru Power Transmission Limited (KPTL) and its foreign subsidiaries have received $2,477 crore. The following are the specifics of the below new orders: * 1,181 crore…

L&T enters into MoU with France’s McPhy for electrolyser technology

In order to develop a “gigawatt (Gw) scale” electrolyser manufacturing facility and participate in the nation’s green hydrogen ecosystem, Larsen & Toubro (L&T) and McPhy, a France-based electrolyser technology and manufacturing company, have…

Coromandel International forays into industrial chemicals

Coromandel International Ltd., a company that deals in fertilisers and crop protection chemicals, said that it would expand into the production of specialty and industrial chemicals. Fertilizers, crop protection chemicals, bioproducts, specialty nutrients,…

DIC India inaugurates manufacturing unit in Gujarat

The nation’s leading manufacturer of printing inks, cutting-edge packaging solutions, and auxiliary materials, DIC India Limited, a member of the DIC group and a well-known name in printing and packaging inks, has opened…