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Tower’s proposal emerges as India’s best bet for semiconductor manufacturing in India
Manufacturing - Jun 05,2024
Israel-based Tower Semiconductors has been eyeing India for a fabrication plant, awaiting approval from the India Semiconductor Mission and Ministry of Electronics and IT. Despite concerns about its 6 .

Amara Raja explores new partnership for lithium-ion cell manufacturing
Manufacturing - Jun 05,2024
Amara Raja is seeking partnerships to bolster its lithium-ion cell manufacturing capabilities for its upcoming giga factory. Executive Director Vikramadithya Gourineni revealed ongoing discussions for .

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, .

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 .

Pinnacle Industries to boost production with new facility in MP
Manufacturing - May 30,2024
Pinnacle Industries plans a new manufacturing unit in Pithampur, MP, for advanced ambulances and railway seating. Operational by March next year, it includes an R&D center for continuous product impro .

Welspun Living achieves record revenue and announces major expansion projects
Manufacturing - May 29,2024
Welspun Living achieves record revenue of Rs. 98,251 crore in FY24. Expanding capacities include Jacquard towel plant in Anjar, adding 6,400 MTPA, and greenfield pillow manufacturing project in Ohio, .

Jupiter Wagons to invest Rs 1,500 crore over two years
Manufacturing - May 28,2024
Jupiter Wagons plans a Rs. 1,500 crore investment over two years to diversify its business and boost revenue from wagon manufacturing, railway components, commercial vehicles, and containers. The inve .

Fischer Medical Ventures introduces India’s first Indigenous MRI system
Manufacturing - May 28,2024
Fischer Medical Ventures Ltd (FMVL) achieves a breakthrough with India's first indigenous MRI systems, reducing dependence on imported medical devices. Developed at their AMTZ facility, the move .