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Ola to invest Rs 2,200 crore capex in FY25 for cell manufacturing expansion
Manufacturing - Dec 18,2024
Ola Cell Technologies Pvt Ltd (OCTPL) plans to invest over Rs 2,000 crore this fiscal year to expand its lithium-ion cell manufacturing capacity in Krishnagiri, Tamil Nadu. With a current capacity of .

Daikin Partners with Rechi Precision to boost rotary compressor manufacturing
Manufacturing - Dec 18,2024
Daikin Industries is forming a joint venture with Rechi Precision Co Ltd to manufacture rotary compressors for air conditioners. Daikin India will hold a 51% stake, and Rechi Precision will hold 49%. .

Hong Fu Group marks India entry, breaks ground for Rs 1,500 crore footwear facility
Manufacturing - Dec 17,2024
Taiwanese footwear giant Hong Fu Industrial Group has launched a Rs 1,500-crore footwear manufacturing facility at SIPCOT Industrial Park, Panapakkam, near Chennai. The project, expected to be operati .

Suchi Semicon inaugurates OSAT plant in Surat
Manufacturing - Dec 16,2024
Surat-based Suchi Semicon inaugurated its USD 100 million OSAT plant, expecting over USD 100 million in revenue within three years. The facility, focusing on semiconductor assembly and testing, aims t .

JCBL expands manufacturing facility in Chennai
Manufacturing - Dec 16,2024
JCBL Marrel Tippers Limited (JML) is expanding its manufacturing facility in Oragadam, Chennai, by adding 60,000 square feet to its existing space. This expansion increases production capacity by 25% .

RMC Switchgears announces Rs 100 crore solar facility in Jaipur
Manufacturing - Dec 16,2024
RMC Switchgears surged 5% in value after announcing plans to set up a Rs 100-crore solar products manufacturing facility in Jaipur, Rajasthan. The facility will include a solar module plant and mounti .

DEG, partners JK Tyre for PCR expansion in Madhya Pradesh
Manufacturing - Dec 13,2024
Germany's DEG has partnered with JK Tyre & Industries (JKTIL) to provide a €30 million loan for expanding production in Madhya Pradesh. JKTIL aims to reduce carbon intensity by 50% and uses 40% .

Karnataka govt inks MoU with Krones to set up facility in Kolar
Manufacturing - Dec 12,2024
Germany-based Krones has signed an MoU with the Industries Department to establish a manufacturing facility in Vemagal Industrial Park, Kolar, Karnataka. The Government of Karnataka has assured suppor .