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Shyam Metalics expands rail infrastructure at its steel plant in Odisha
Infrastructure - May 29,2024
Shyam Metalics and Energy (SMEL) completes rail infrastructure expansion at its Odisha plant, doubling lines to four. Enhanced facilities aim for efficient material flow. Yet, current capacity meets o .

Lectrix EV to invest Rs 100 crore in FY25, plans multiple launches
Automotive Industries - May 29,2024
Lectrix EV, SAR Group's electric mobility arm, targets the two-wheeler segment with new model launches and Rs 100 crore investment in FY25 for charging infrastructure, manufacturing, and R&D. Its .

BHEL signs technology transfer agreement with BARC for 50 kW electrolyser system
Equipment - May 29,2024
Bharat Heavy Electricals (BHEL) partners with Bhabha Atomic Research Centre (BARC) for technology transfer of a 50 kW alkaline electrolyser system for hydrogen production. This collaboration aims to s .

OIL & NRL to set up 10 CBG plants across Assam
Environment - May 28,2024
OIL and NRL are establishing 8 to 10 CBG plants across Assam and the North-East to address waste management issues. Collaboration with urban local bodies for waste collection is underway. NRL's M .

RITES wins Chennai Metro Koyambedu-Avadi Line's DPR consultant contract
Infrastructure - May 28,2024
RITES Ltd secured the DPR contract for the Koyambedu to Avadi metro corridor in Chennai. The 16.07 km elevated line, an extension of Chennai Metro's Line-5, aims to improve connectivity. L&T Infr .

Jupiter Wagons to invest Rs 1,500 crore over two years
Manufacturing - May 28,2024
Jupiter Wagons plans a Rs. 1,500 crore investment over two years to diversify its business and boost revenue from wagon manufacturing, railway components, commercial vehicles, and containers. The inve .

AP Moller Capital, JSW Infra to form JV for ports, logistics in India
Infrastructure - May 28,2024
AP Moller Capital and JSW Infrastructure will form a joint venture to invest in and develop ports and logistics in India. A memorandum of understanding was signed for this venture. A.P. Moller Capital .

Fischer Medical Ventures introduces India’s first Indigenous MRI system
Manufacturing - May 28,2024
Fischer Medical Ventures Ltd (FMVL) achieves a breakthrough with India's first indigenous MRI systems, reducing dependence on imported medical devices. Developed at their AMTZ facility, the move .