Bonfiglioli invests Rs 320 crore in India expansion

Bonfiglioli invests Rs 320 crore in India expansion

Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Group,  global leader in power transmission and drive solutions, celebrated a significant milestone with the foundation stone laying ceremony for its new Industry and…

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Hitachi gets order for 56 elevators/ escalators from CRC Group

Hitachi gets order for 56 elevators/ escalators from CRC Group

Hitachi Ltd has announced that Hitachi Building Systems Co., Ltd. (hereafter Hitachi Building Systems) and Hitachi Lift India Pvt Ltd (hereafter Hitachi Lift India), a subsidiary of Hitachi which operates…

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ICRA projects 12-15% revenue growth for Indian construction entities in FY25

ICRA projects 12-15% revenue growth for Indian construction entities in FY25

ICRA expects Indian construction companies to maintain robust revenue growth in FY2025, forecasting a year-on-year (YoY) increase of 12-15 per cent, driven by a strong order book and the government’s…

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Metro Group to invest over Rs 3,500 crore in micro-markets

Metro Group to invest over Rs 3,500 crore in micro-markets

Metro Group is making a major investment of over Rs 3,500 crore in the rapidly growing micro-markets of Thane and the Kalyan-Shil Corridor. In 2024, the company has earmarked Rs…

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Rajesh Premchandran, CSMO, NBC Bearings, shares how the company is leveraging the exhibition to drive growth and enhance its market position.

“We’re excited to introduce our latest range of high-performance bearings…”

NBC Bearings is making a strong presence at Intermat India 2024. In this interview, Rajesh Premchandran, CSMO, NBC Bearings, shares how the company is leveraging the exhibition to drive growth…

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Tata Steel has successfully commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha.

Tata Steel boosts capacity with India’s largest blast furnace at Kalinganagar

Tata Steel has commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha. With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar has increased…

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GRSE wins $54 million deal to build multi-purpose vessels for German shipping company

GRSE wins $54 million deal to build multi-purpose vessels for German company

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has secured an international contract, valued at approximately US$54 million, from Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. The agreement involves…

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Covestro inaugurates trimer production facility in Ankleshwar

Covestro strengthens ‘Make in India’ vision; inaugurates trimer production facility in Ankleshwar

Covestro (India) Pvt Ltd, one of the leading manufacturers of high-performance polymers, has inaugurated a state-of-the-art production facility at its Ankleshwar site in  Gujarat. The facility is the first of…

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VECV Partners with Baidyanath LNG to Deploy 500 LNG Trucks

VECV partners with Baidyanath LNG to deploy 500 LNG trucks

VE Commercial Vehicles (VECV) Ltd, a joint venture between Volvo Group and Eicher Motors, has entered into a Memorandum of Understanding (MoU) with Baidyanath LNG Pvt Ltd for the deployment…

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ArcelorMittal Nippon Steel India (AM/NS India) has launched Optigal—a cutting-edge colour-coated steel product.

AM/NS India launches colour-coated steel Optigal with longest warranty

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, has launched Optigal—a cutting-edge colour-coated steel product. Previously available only in global markets, Optigal is now…

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CASE Construction Equipment has strengthened its presence in southern India by appointing a new dealer partner in Vijayawada.

CASE Construction expands network with new dealer in Vijayawada

CASE Construction Equipment has strengthened its presence in southern India by appointing a new dealer partner in Vijayawada. The new facility, SEPS (Srinivasa Edifice Power Services), is strategically located in…

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Tata Power partners with Bhutan's DGPC to develop 600 MW Khorlochhu Hydropower Project

Tata Power partners with Bhutan’s DGPC to develop Khorlochhu Hydropower Project

In a significant development for the region’s energy landscape, Tata Power has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC) of Bhutan to develop the 600…

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Increasing component localisation could offer ~Rs. 25,000 crore annual opportunity

Increasing component localisation could offer ~Rs 25,000 crore annual opportunity to CE vendors

Rating agency ICRA forecasts rising component localisation to offer ~Rs. 25,000 crore annual opportunity to construction equipment vendors by FY2030, led by components such as undercarriages and precision hydraulics. Overall, ICRA foresees a…

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WABAG's renewed contract underscores its pivotal role in advancing water technology and reliable supply in Chennai.

WABAG secures Rs 415 crore contract for Nemmeli Desalination Plant

VA TECH WABAG has been awarded a contract worth approximately Rs 415 crore by the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB). The contract is for the operation and…

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The investments and infrastructure upgrades in India's maritime sector signal a promising future for the country's global port efficiency.

India enhances maritime infrastructure with major investments and projects

In a recent update from the Parliament, Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways, unveiled key advancements in India’s maritime infrastructure, particularly in Andhra Pradesh. The significant investments and…

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