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Hyundai Motor India partners with FPEL to set up RE plants in Tamil Nadu
Infrastructure - Nov 28,2024
Hyundai Motor India (HMIL) has partnered with Fourth Partner Energy (FPEL) to develop renewable energy plants in Tamil Nadu, investing Rs 38 crore. The project includes a 75 MW solar and 43 MW wind pl .

Siemens net profit jumps 45% to Rs 831 crore on higher income
Infrastructure - Nov 28,2024
Siemens reported a 45% increase in net profit to Rs 830.7 crore for Q2 FY2024, driven by improved operations and a 94.6% rise in other income. Revenue rose 11% to Rs 6,461 crore, exceeding expectation .

Suprajit Engineering signs MoU with Chuo Spring Company, Japan
Infrastructure - Nov 28,2024
Suprajit Engineering has signed a 50:50 joint venture (JV) with Japan's Chuo Spring Company to design and manufacture transmission cables in India. The JV, supported by a technical assistance agr .

Stove Kraft commissions new cast iron foundry at Harohalli factory
Infrastructure - Nov 28,2024
Stove Kraft has commissioned a new Cast Iron Foundry at its Harohalli factory on November 25, 2024. The foundry, with an initial capacity of 2.2 million pieces per annum, is designed to expand to 4.4 .

Raghu Vamsi Aerospace Group lays foundation stone to build new facility in Hyderabad
Infrastructure - Nov 27,2024
Raghu Vamsi Aerospace Group has initiated a ₹300 crore state-of-the-art facility near Hyderabad International Airport, featuring manufacturing bays for 15 OEMs. The groundbreaking ceremony was atten .

UP approves industrial parks in Saharanpur and Moradabad
Infrastructure - Nov 27,2024
The Uttar Pradesh government approved two private industrial parks in Saharanpur and Moradabad under the PLEDGE scheme, offering loans of ₹50 lakh per acre at 1% interest. These parks aim to boost t .

Centre greenlights hydro projects worth Rs 3,689 crore
Infrastructure - Nov 27,2024
The CCEA, led by PM Modi, approved two hydropower projects worth ₹3,689 crore in Arunachal Pradesh and the ₹2,481 crore National Mission on Natural Farming. The 186 MW Tato-I and 240 MW Heo projec .

Premier Energies bags orders worth Rs 1,087 crore for solar modules and cells
Infrastructure - Nov 27,2024
Premier Energies' subsidiaries secured ₹1,087 crore in domestic solar orders from Independent Power Producers, comprising ₹964 crore for solar modules and ₹123 crore for solar cells. Supply .