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Manufacturing Sector News & Updates - May 21, 2024

Netgear plans to expand operations in India
Manufacturing   -  May 20,2024
Netgear, a US-based networking hardware company, announces plans to expand operations and increase its workforce in India, considering manufacturing facilities. Currently, India contributes 10% of its .

JSW Steel invests Rs 19,000 crore in Dolvi plant expansion
Manufacturing   -  May 20,2024
JSW Steel plans an economical brownfield expansion at its Dolvi plant, investing Rs 19,000 crore for the third phase of capacity enhancement. Utilizing existing infrastructure, the project aims to mee .

Dalmia Bharat’s new Tamil Nadu unit kicks off production
Manufacturing   -  May 20,2024
Dalmia Bharat Ltd commenced production at its new 1 MTPA mill in Ariyalur, Tamil Nadu, elevating its cement manufacturing capacity to 45.6 MTPA. This Rs 204 crore investment aims to meet the growing r .

L&T wins multiple orders for buildings, factories business
Manufacturing   -  May 20,2024
L&T's buildings and factories business secured contracts, including one from the Institute of Neurosciences Kolkata for constructing a medical college and hospital campus in Kolkata. The project .

ReNew secures $1 billion from European bank Societe Generale
Manufacturing   -  May 17,2024
ReNew has secured debt financing from Societe Generale for energy transition projects. The MoU entails up to $1 billion for renewable energy ventures over three years. Collaborating on solar, wind, gr .

Venus Pipes forays into fittings business
Manufacturing   -  May 17,2024
Venus Pipes is expanding its business into fittings, allocating Rs 175 crore for capex through warrants and debts. The move aims to provide complete PFF solutions to customers. The expansion includes .

India awards tenders for 412,000 tonnes green hydrogen production
Manufacturing   -  May 17,2024
India has awarded tenders for 412,000 tons of green hydrogen manufacturing and 1.5 gigawatts of electrolyzer manufacturing capacity, as announced by Bhupinder S Bhalla, Secretary of the Ministry of Ne .

Zoho plans $700 million foray into chipmaking
Manufacturing   -  May 16,2024
Zoho plans a $700 million investment in chip manufacturing, seeking government incentives. Established in 1996, headquartered in Tamil Nadu, India, Zoho offers software globally, rivalling Microsoft a .

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