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Coal India incorporates new subsidiary for coal-to-chemical business
Chemicals - May 31,2024
Bharat Coal Gasification & Chemicals (BCGCL), a subsidiary of Coal India (CIL), is incorporated as a private limited company, with CIL holding 51% and BHEL 49%. The firm, with an authorized capital of .

PGCIL commissions transmission project to connect Jamnagar oil refinery
Power Generation - May 31,2024
Power Grid Corporation of India (PGCIL) completes transmission project linking Reliance's Jamnagar oil refinery to Jam Khambaliya ISTS pooling station. Approved in September 2022, it features a 4 .

Talbros Automotive plans major capacity expansion across divisions
Automotive Industries - May 31,2024
Talbros Automotive Components Ltd. plans expansion amid 80-90% capacity utilization. Focus areas include gasket and heat shield divisions, with a new premise secured in Chakan, Pune. Capex of Rs 20 cr .

NDR Auto Components to expand operations
Automotive Industries - May 31,2024
NDR Auto plans expansion as it reaches capacity in existing plants, acquiring land near Maruti Suzuki and Kia facilities. Utilization at 80% across Haryana, Bangalore, and Gujarat. Order book at Rs 25 .

REnergy Dynamics forays into renewables
Manufacturing - May 31,2024
REnergy Dynamics (RED) ventures into renewable energy, targeting a Rs 5,000 crore order book by 2029. Currently holding projects worth Rs 575 crore. Focus areas include large-scale bioenergy projects, .

Radisson Hotel Group debuts in Bihar
Hospitality and Healthcare - May 30,2024
Radisson Hotel Group announced the signing of its first hotel in Bihar, Radisson Hotel Patna, in partnership with Naturals Dairy Pvt Ltd. The 120-room hotel is expected to open by Q4 2027, marking the .

L&T Switchgear rebrands to Lauritz Knudsen
Manufacturing - May 30,2024
L&T Switchgear rebrands as Lauritz Knudsen after Schneider Electric acquisition in 2020. The company plans to invest Rs 850 crore by 2026 in manufacturing, R&D, and innovation. Peter Herweck, CEO of S .

Power Mech projects secures order worth Rs 563 crore
Power Generation - May 30,2024
Power Mech Projects (PMPL) wins Rs 563 crore contract to construct a nuclear power plant, marking its entry into the nuclear sector. Awarded by BHEL-Power Sector Southern Region, the project involves .