Page 68 - Manufacturing Industry

Reliance Defence ties up with Ukraine's Antonov to make transport aircraft

The joint venture envisages design and manufacture of the medium lift dual use turbofan aircraft for military & civil use in India

Mahindra buys 35% stake in Finnish farm equipment maker Sampo Rosenlew

Through this transaction, which marks M&M's foray into global combine harvester business, two companies aim to take Sampo's combine harvesters to new markets globally, including India

Adani ropes in Alpha Design and Israel's Elbit for unmanned aircraft systems

The companies plan to create a tiered vendor base for supporting, indigenisation and localisation requirements and seeks to set up a final assembly line for unmanned aircraft systems

Reliance Defence forms JV with Israel's Rafael for missiles & defence systems

JV, which will set up manufacturing unit at Pithampur (MP) with an initial capital outlay of more than Rs 1,300 crore, will focus on air-to-air missiles, air defence systems and large aerostats

Ceat commissions Buti Bori tyre plant in Maharashtra

Built with a capacity to manufacture 15 MT per day in the first phase, the plant is expected to manufacture 1.2 million tyres when fully operational

Honeywell joins hand with Navin Fluorine to make auto refrigerant in India

As per the deal, Honeywell will license its proprietary technologies to produce the refrigerant to Navin Fluorine, which will manufacture Solstice yf in India exclusively for Honeywell

Yokohama Rubber buys Alliance Tire for $1.2 bn

The acquisition of off-highway tyre maker ATG will strengthen Yokohama Rubber's product line-up in commercial tyres

Jindal Steel opens 1.4 MTPA rebar mill in Oman

Considering the 15 MTPA rebar consumption in GCC countries, the 1.4 MTPA mill will strengthen Jindal Steel's position in the construction sector of the region

Sherwin-Williams buys Valspar for $ 11.3 bn

With this acquisition, Sherwin-Williams significantly expands position in Asia-Pacific & EMEA coatings markets, and extends capability set into packaging & coil with leadership positions

NRL dispatches rail consignment of high speed diesel to Bangladesh

The goodwill rail rake consignment for supply of 2200 MT (2700 KL) HSD of BS III Grade with 350 PPM sulphur content

Indian Oil Corp inks pact with 3M for auto care centres

Auto care centres, to be established at IOCL outlets, will not only provide car/bike detailing services but would also sell vehicle care products

Suzlon wins 81 MW turnkey orders for wind power projects

The orders have been received from customers representing SMEs across diverse industry segments including food and agro, textiles, chemical, real estate and engineering

Crompton Greaves bags Rs 236 cr order in Indonesia

As per the contract, awarded by PT PLN, CG will manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV

Allcargo to set up logistics park in Haryana

The proposed logistic park, which will be in close proximity to dedicated freight corridor, is expected to be operational by 2018

Gamesa India enters Sri Lankan solar power market with maiden order

Under this contract, awarded by Laugfs Power Limited, Gamesa will provide complete turnkey EPC solutions for the 20 MW photovoltaic solar plant in Hambantota province, Sri Lanka

Manufacturing attracts investments worth about Rs 33 lakh cr

Metal & metal products accounted for almost half (48%) of the total investments followed by chemicals & chemical products (24%), machinery (8%), transport equipment (7%), etc, says a Assocham

L&T's construction arm bags orders worth Rs 1672 crores

Its buildings & factories business has bagged orders worth Rs 967 cr, while the power transmission & distribution unit has bagged orders of Rs 580 crores in the international markets

Piyush Goyal urges African countries to join International Solar Alliance

Power Minister said that India and Africa should deepen the cooperation for realisation of UN's Sustainability Development Goals (SDGs) well before year 2030

IOCL, OIL & BPRL pick up 29% stake in Rosneft's refinery Tyngd in Russia

Indian consortium also intends to buy 23.9% in Rosneft's Vankorneft, which owns Vankor Field and North Vankor license. Vankor is Russia's second largest field by production

Merck, Polysolar to develop photovoltaic windows to generate solar power

Two companies, along with Centre for Process Innovation (CPI), is participating in a trendsetting research project in UK that aims to develop windows, which will generate their own solar power