Air conditioning company Blue Star said it began construction work on its Rs 550 cr manufacturing plant in Sri City in Chittoor district of Andhra Pradesh. The plant will likely be included in the production-linked incentive scheme of government of India, under which companies are eligible to get around 5% of their sales as incentives […]
Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]
Arvind Ltd, one of India’s biggest textile and garment manufactures, said its business revenue was down about 37% in August compared to the previous year due to the impact of the Coronavirus lockdown and it expects domestic market to remain subdued till early 2021. Revenue in August was at Rs 414 cr in August, compared […]
India’s Coronavirus lockdown seems to have led to a sharp increase in demand for televisions sold via online retailers, according to inputs from Dixon Technologies, India’s biggest maker of TVs. Company CEO Atul Lall said that while the demand and sales of other consumer durables dipped during the lockdown, demand for TVs rose. Dixon Technologies, […]
Dixon Technologies, India’s biggest contract manufacturer of electronic items, has lauded the recently announced incentive scheme for mobile manufacturing in India, and said it is already able to sense strong interest from global smartphone manufacturers. From being a consuming state, India has — over the last 10 years — managed to get the majority of […]
Hero MotoCorp said it has sold 10,000 motorcycles and two-wheelers since its dealerships and showrooms opened after a 41-day lockdown earlier this month. As of today, said the world’s largest manufacturer of motorcycles and scooters, it has opened more than 1,500 outlets and service centers which account for around 30% of the company’s total retail […]
VE Commercial Vehicles, a joint venture between Sweden’s Volvo Group and India’s Eicher Motors, said it has received permission from the government to restart manufacturing operations at its commercial vehicle manufacturing plant in Madhya Pradesh. Considering the wider lock-down in place, it said, it is not planning on any immediate ramp-up in manufacturing operations. “The […]
India is now making a substantial number of essential medical supplies such as personal protection equipment (PPE), N95 masks and ventilators, the central government said today. Medical professionals in India were hit by a dangerous shortage of PPE kits and N95 masks till about two weeks ago, leading to at least some nurses taking to […]
A large number of manufacturing companies in India have informed that they are shutting down their plants in accordance to the government’s action plan to combat Coronavirus COVID 19, with some warning that this will impact earnings. “The domestic industry is being impacted in unprecedented ways with increasing levels of uncertainty,” said Polycab Industries, one […]
Steel tubes and pipes manufacturing firm Ratnamani Metals and Tubes Ltd said it received a Rs 255 crore order from the oil and gas sector for the supply of coated carbon steel pipes. Carbon steel, also called mild steel, are used in oil and gas pipeline, plumbing and water supply systems. The order will be […]
Mumbai-based chemicals firm, Omkar Speciality Chemicals, said it received a process patent from the Government of India for its process to manufacture artificial sweetener sodium saccharin. Under a process patent, exclusivity is granted for a particular manufacturing process, and not for the product itself. Others can produce the same product through a different process, modifying […]
Subros Ltd, a leading manufacturer of thermal products for automotive applications in India, said it has executed a ‘definitive agreement’ worth Rs 11.15 cr for the purchase of certain assets of air conditioner maker Zamil Air Conditioners Private Ltd. Established in 1985 as a joint venture with Suri family of India, Denso Corporation & Suzuki […]
India-based telecom equipment maker Tejas Networks said it has signed an agreement to set up a ‘center of excellence’ in Kerala to mentor students and start-ups in the state. The center will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. “Senior technologists from Tejas […]
Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most power-hungry processes in industrial production. To supply power to the unit, NALCO had […]
KPR Mill Limited, which makes yarn, garments and sugar, said it has decided to enter into what it called ‘branded retail business’. “We wish to inform you that KPR plans to enter into branded retail business,” the company said in a regulatory filing. “(We have) initiated building up the retail business team,” it said. However, […]
Steel and pipe manufacturer Prakash Industries reported a 45% jump in fourth-quarter sales and a 140% improvement in its operating profi, largely due to a steady improvement in steel prices. The company had sales of Rs 910 Crores and EBIDTA of Rs 210 Crores for the March quarter. With this, the full year sales is […]
Punj Lloyd, Rave Gears (USA) and Adani Group said they will set up a joint venture to manufacture helicopter parts. The collaboration will use the manufacturing base in India for exports to global OEMs, both in the military and civil aerospace domain, Adani Defence & Aerospace said. The JV will design, manufacture and assemble high […]
Prakash Industries said it will spin off its plastics business and enter the ‘flexible plastic packaging’ segment, a move that would see it competing with the likes of Uflex. The company said the new business will focus on high performance barrier films and laminates for use in packaging food, beverages, oil, personal care and pharmaceutical […]
FICCI’s latest quarterly survey on Manufacturing indicates a pause in the steady improvement seen in optimism on quarterly production levels. The percentage of respondents expecting production in the current quarter (Oct-Dec) to be higher than last quarter fell to 47% from 50% three months ago. It is among the lowest scores in the last two-and-a-half […]
TT Ltd said it has decided to set up a mega garment plant in place of Spinning Machinery at Gajroula in Uttar Pradesh. The move is part of its attempt to diversify from textile making to making garments. “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale,” the […]
