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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 .

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 .

Adani Group commences commercial production of wafer and ingots
Manufacturing - May 13,2024
Adani Group launches commercial production of solar wafer and ingots in Gujarat, aiming for polysilicon production by 2027-28 to be India's first integrated renewable energy player. Targeting 45 .

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 .

SAIL-Bhilai to set up Chhattisgarh's first 15-MW floating solar plant
Manufacturing - May 13,2024
Bhilai Steel Plant (BSP), part of Steel Authority of India Limited (SAIL), plans to install Chhattisgarh's first 15MW floating solar project in Maroda-1 reservoir, aiming to reduce carbon footpri .

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 .

Murugappa Group plans to invest Rs 3,000 crore on EVs
Manufacturing - May 13,2024
TI Clean Mobility, a Tube Investments of India Ltd subsidiary, signs ₹580 crore agreement with GEF Capital Partners for EV venture. The firm has raised ₹2,530 crore of its planned ₹3,000 crore f .

TVS Motor draws up Rs 1,000 crore capex in FY25
Manufacturing - May 09,2024
TVS Motor Company plans a Rs 1,000 crore capex for FY25, unveiling new ICE and electric two-and three-wheelers. It will introduce various versions of its electric scooter iQube, catering to diverse ba .