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AP fire-hit Foxlink back on track with a new Tamil Nadu plant
Manufacturing - May 17,2024
Taiwan's Foxlink is expanding its presence in India, constructing a new plant in Oragadam near Chennai after a fire incident at its Tirupati facility last year. The company plans to commence prod .

Epsilon to establish Rs 5,000 crore Cathode plant in India
Manufacturing - May 17,2024
Epsilon Advanced Materials (EAM) plans to invest INR 5,000 Crore for a cathode plant in India, considering Karnataka, Tamil Nadu, and Telangana. Another investment of USD 1.1 Billion in Karnataka will .

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 .

Craftsman Automation’s FY25 roadmap: Capex of Rs 500 crore and fundraise plans unveiled
Manufacturing - May 16,2024
Craftsman Automation Ltd plans a ₹500 crore capex in FY25, primarily for completing greenfield factories in Rajasthan and Tamil Nadu. With significant investments in the previous fiscal, it focuses .

Seshasayee Paper to prepare revised investment plan for expansion
Manufacturing - May 16,2024
Seshasayee Paper and Boards revises its investment plan for expanding pulp and paper capacity following feedback from the Ministry of Environment, Forest & Climate Change. Initially aiming for a 40% i .

Veira to invest Rs 450 crore on new unit to boost air cooler production capacity
Manufacturing - May 15,2024
Veira will invest Rs 450 crore to establish a new manufacturing unit in Greater Noida, increasing production capacity for air coolers and washing machines from 1,00,000 to 5,00,000 units annually. The .