Page 98 - Manufacturing Industry

Amtek Auto to buy Japan-based Asahi Tec's iron casting, forging & machining business

The acquired business, which recorded revenues of $ 375 million for the year ended March 2015, will ensure strategic entry of Amtek into Japan, South East Asia and China

Kwality Ltd plans Rs 100-cr dairy unit in Jharkhand

The project, which is expected to generate employment for 300-500, is proposed to commence in financial year 2018-19

Motherson Sumi bags a mega order from Daimler for supplying components for Mercedes-Benz

In order to fulfil the requirements of the contract, which is expected to generate sales revenues of about Rs 15,400 crores, Motherson Sumi will invest in two new plants in US & Hungary

Jindal Stainless commissions metal recovery facility in Odisha

The facility, set up in association with Harsco Corporation, will enable the recovery of the trapped metal (ferro chrome) from the slag generated during the production of ferro chrome

Water shortage forces Grasim to stop staple fibre production at Nagda plant

The operations of chlor alkali plant at Nagda (Madhya Pradesh) will also be affected at the site

Pondy Oxides begins production of lead & alloys at new AP smelter

The company has commenced trial run of the new smelter plant at Gajulamandyam, near Tirupati in Andhra Pradesh, having an installed capacity of 36,000 mt per annum

How 'Make in India' can happen: Dr Joerg Strassburger

If the government make investors believe that they are welcome, India has the potential to become the second biggest chemical market in Asia within the next 10 years

Sumeet Industries to set up Rs 75-cr captive power plant

The company expects a saving of Rs 30 crore in a year in the form of reduced power cost

Mahindra group to make new commercial vehicle at Telangana plant

The company has opened an automobile manufacturing facility, built with an investment of Rs 250 crore, at Zaheerabad in Telangana

Danfoss, Sabharwal Food open green cold storage facility at Sonipat

The cold storage facility, designed to European standards, has palletised storing capability and is equipped with material handling keeping in mind the hygiene norms

Avantha to sell stakes in Crompton Greaves Consumer Electricals for Rs 2000 cr

PE firms Advent & Temasek to buy Avantha's stake in the consumer products business, which manufactures fans and lighting appliances

Ahmedabad Municipal Corp to set up radiation-based sewage treatment plant

BARC will provide all technical and scientific support for setting up the 100-tpd dry sewage sludge hygienisation Cobalt -60 gamma irradiation plant at Ahmedabad

Optimising the supply chain key to success for LNG projects: KPMG

To ensure that new LNG projects are viable and to extract maximum value from existing projects, proponents and operators have to unlock their supply chain, says a new KPMG report

ExxonMobil calls for free trade on US LNG exports

The company feels that US could miss out on widely acknowledged economic and environmental benefits associated with LNG exports

BS Limited bags Rs 250 cr order for constructing transmission line

The company will construct 765 KV double circuit transmission line between Raipur (Chhattisgarh) & Wardha (Maharashtra)

Havells to buy 51% stake in LED light maker Promptec Renewable

With this acquisition, Havells would expand its footprints into two high growth lighting verticals of LED and solar energy

BHEL commissions 250-MW thermal unit in Jamnagar

The unit was commissioned at Gujarat State Electricity Corporation Limited's (GSECL) Sikka Thermal Power Station (TPS) on EPC basis

Indian Railways to set up plant to convert plastic into diesel: Dr Harsh Vardhan

The plant will use the technology developed by CSIR-Indian Institute of Petroleum (CSIR-IIP) for producing diesel (conforming to Euro-5 specifications) from plastic waste

Japan's Tosoh acquires in-vitro diagnostics firm Lilac Medicare

With this move, Tosoh aims to increase its share in the growing Indian market by using its own immunological and diabetes diagnostic analysers

Conducive policies can make India a global chemical manufacturing hub

Though India offers huge market for chemicals, the government will have to walk the talk to achieve the goals of its ambitious 'Make in India' initiative