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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 .

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 .

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 .

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 .

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 .

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 inn .

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 50,0 .

Hindustan Zinc, JK Cement and others qualify as bidders for two gold mines in Rajasthan
Manufacturing - May 14,2024
Hindustan Zinc, Jindal Power, and JK Cement, all part of the Vedanta group, are qualified bidders for gold mines in Rajasthan. The Bhukia-Jagpura and Kankriya Gara gold blocks attracted multiple techn .