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BEML wins contract worth Rs 3,658 crore from Chennai Metro Rail
Manufacturing - Nov 29,2024
BEML secured ₹3,658 crore contracts from Chennai Metro Rail for 70 three-car trainsets (210 metro cars) operating in UTO mode across Corridors 3, 4, and 5. The project includes design, supply, testi .

Nibav Home Lifts opens its fifth manufacturing facility in Chennai
Manufacturing - Nov 29,2024
Nibav Home Lifts inaugurated its largest manufacturing facility in Chennai, doubling production capacity to 15,000 units annually. Spanning 1,00,000 sq-ft in SIPCOT, Irungatukottai, the state-of-the-a .

Amber-Resojet to invest Rs 250 crore for manufacturing facilities in Telangana
Manufacturing - Nov 29,2024
Amber-Resojet, a joint venture between Amber Enterprises and Resolute Group, will invest Rs 250 crore in Telangana to set up manufacturing facilities for washing machines and components. The phased in .

Karnataka plans Rs 650 crore for space, defence manufacturing park
Manufacturing - Nov 29,2024
Karnataka plans a Rs 600-650 crore space and defence manufacturing park as part of a public-private partnership. The initiative aims to capture 50% of India’s space market by 2029, create specialize .

Sealmatic inaugurates its new manufacturing unit in Kaman Vasai
Manufacturing - Nov 29,2024
Sealmatic India inaugurated a new 25,000 sq ft manufacturing facility in Kaman Vasai, enhancing its production capacity by 65%. The facility, operational since November 26, 2024, focuses on producing .

Interarch Building Products begins construction of phase 2 manufacturing unit in Andhra Pradesh
Manufacturing - Nov 28,2024
Interarch Building Products is expanding its Andhra Pradesh manufacturing unit with a second phase, operational by April 2025, while upgrading its Kichha, Uttarakhand plant to handle multi-storey buil .

Siemens net profit jumps 45% to Rs 831 crore on higher income
Manufacturing - Nov 28,2024
Siemens reported a 45% increase in net profit to Rs 830.7 crore for Q2 FY2024, driven by improved operations and a 94.6% rise in other income. Revenue rose 11% to Rs 6,461 crore, exceeding expectation .

Suprajit Engineering signs MoU with Chuo Spring Company, Japan
Manufacturing - Nov 28,2024
Suprajit Engineering has signed a 50:50 joint venture (JV) with Japan's Chuo Spring Company to design and manufacture transmission cables in India. The JV, supported by a technical assistance agr .