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 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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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 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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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 (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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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), 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. The new facility, SEPS (Srinivasa Edifice Power Services), is strategically located in…
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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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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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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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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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Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, has announced a significant strategic partnership with Bajaj Finance, part of the Bajaj Finserv Group. This collaboration…
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Mumbai’s water infrastructure development has reached a significant milestone with TERRATEC’s successful breakthrough of a 3.2 m diameter Open TBM on the Amar Mahal I water transfer tunnel project. This…
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