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Biorad Medisys receives Rs 400 crore from KSS India Fund II
Manufacturing - May 15,2024
Biorad Medisys received a Rs 400-crore investment from Kotak Strategic Situations India Fund II to build a new manufacturing plant, repay debt, and increase working capital. The company, known for med .

IKEA partners with Rhenus to set up warehouse in Delhi-NCR near Gurugram
Manufacturing - May 15,2024
IKEA partners with Rhenus to build a 1.5 lakh sq ft warehousing facility near Gurugram for home delivery in Delhi-NCR. Scheduled to start operations early next year, the site offers strategic logistic .

Siemens announces capex of over Rs 1,000 crore
Manufacturing - May 15,2024
Siemens Limited announces major expansions in two of its Indian factories, aligning with previous capacity increases. The total capital expenditure exceeds Rs 1,000 crore, emphasizing growth and innov .

Flair Writing Industries Limited holds groundbreaking ceremony for new facility
Manufacturing - May 15,2024
Flair Writing Industries Limited begins construction of a new 180,000 sq ft facility in Valsad, Gujarat, featuring manufacturing units, a warehouse, and an administrative block. Additionally, a 50,000 .

Netweb Technologies inaugurates high-end computing systems manufacturing facility at Faridabad
Manufacturing - May 14,2024
Netweb Technologies inaugurates India's flagship high-end computing servers, storage, and switch manufacturing facility in Faridabad, supporting the "Make in India" initiative. The facility showc .

Seshasayee Paper to develop revised investment strategy for Erode unit expansion
Manufacturing - May 14,2024
Seshasayee Paper and Boards Ltd is adjusting its investment strategy for pulp and paper capacity expansion following feedback from the Environment Ministry. Initially planning a 40% increase in capaci .

Carborundum outlines capex plan of Rs 350 crore in FY25
Manufacturing - May 13,2024
Carborundum Universal plans a Rs 350 crore capital expenditure for the current fiscal year, notably higher than the previous five-year average. A six-tonne per month silicon carbide facility in Kerala .

L&T to increase power capacity of electrolyser to four MW
Manufacturing - May 13,2024
Larsen & Toubro (L&T) plans to increase its electrolyser power capacity to four MW, targeting domestic orders in FY25-26. After manufacturing its first one-MW electrolyser in Gujarat, it aims for a fo .