Joint Ventures In India

Gulshan Group, Ourika Estates form JV to invest ₹750 cr in UP projects

The platform has secured land parcels in Ghaziabad and Lucknow to develop about 1.5 million sq ft of built-up area across two premium residential projects

BHEL, Titagarh Rail sign JV for 35-year Vande Bharat sleeper trains upkeep

Bharat Heavy Electricals and Titagarh Rail Systems will hold equal stakes in the proposed company, with each owning 50 per cent

PwC US, PwC India form JV to combine advisory talent, capabilities

The venture will combine PwC India's consulting business with PwC US Advisory's India-based capabilities; transaction expected to close in H1 2027

JSW, Skoda-Volkswagen sign MoU for 51:49 India JV, deal by December

The proposed JSW-Skoda Volkswagen venture will cover mass-market ICE, hybrid and electric vehicles, with a binding agreement targeted by December

TRL Krosaki, Raghav Productivity to set up silica ramming mass JV in Odisha

Joint venture will combine TRL Krosaki's quartzite mineral resources with RPEL's manufacturing expertise, proprietary technology and domestic and global network

Zollner enters India with Avalon JV, to invest ₹1,000 crore in TN unit

European EMS major Zollner will initially own 51 per cent of the venture, which will manufacture high-precision electronics at a new facility in Kanchipuram

Hyderabad-based RADPL announces JV for 30-hour endurance MALE-300 drone

The MALE-300 intelligence, surveillance and reconnaissance drone will have a 300-kg modular payload, 30-hour endurance and an operating altitude of 30,000 feet

Dixon Tech-Vivo JV to close in 2 months, revenue to flow from Q3: CEO

Dixon Technologies expects its Vivo joint venture to close within two months, with revenue contribution starting in Q3 as the partnership expands mobile manufacturing capacity

Vivo-Dixon venture signals a pragmatic shift in China investment policy

The initial move in 2020 to shut off all Chinese investment followed the clashes on the Line of Actual Control in the Himalayas

SAIL, Indonesia's Krakatau Steel eye up to 1 MT stainless steel project

SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity's increasing demand in India. "SAIL and PT Krakatau Steel would explore setting up a stainless steel project. It can be of 0.5 million tonnes (MT) capacity, or it can also be of 1 MT. But that will be discussed after the formation of a joint venture," the source said. If the JV is formed, the slabs will be produced in Indonesia and supplied to SAIL's Salem Steel Plant (SSP) in Andhra Pradesh, which specialises in the production of austenitic, ferritic, martensitic and low-nickel stainless steels, catering to diverse sectors including nuclear, ...

Nuvama, C&W JV fund achieves final close of ₹4k cr, eyes office investments

Nuvama and Cushman & Wakefield's Prime Offices Fund has achieved a final close of Rs 4,000 crore after strong investor demand and has already committed about 45% of its capital

Air India, SIAEC to set up maintenance, repair and overhaul JV in India

SIAEC is part of the Singapore Airlines Group, which holds a 25.1 per cent stake in Air India

ACME JV secures subsidy from Japan for green ammonia project in Odisha

ACME Group and IHI Corporation's joint venture has secured support under Japan's price gap subsidy programme, boosting the bankability of its 405,000-tonne green ammonia project in Odisha

Gadkari calls for JVs with US companies to leverage their new tech

Union Minister Nitin Gadkari on Thursday made a case for Indian companies forming joint ventures with US companies to leverage their new technologies. Addressing AMCHAM's Annual Leadership Summit, Gadkari further said Ministry of Road Transport and Highways is exploring possibilities of taking help of US consultancy companies in preparation of detailed project report (DPR) for road projects. "India is the fastest growing major economy... the US companies develop lots of new technologies, so it is very important for Indian companies to have joint venture with US companies," he said. Noting that supply chain is the most important part in logistics, Gadkari said logistics cost in India has come down to single digit helped by rapid expansion of expressways and economic corridors. Gadkari further said six months ago, a report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore revealed that India's construction of expressways and economic corridors has helped reduce the country's ...

Johnson Lifts acquires majority stake in Toshiba JV, boosts India presence

Johnson Lifts raises stake to over 80% in Toshiba JV, aiming to strengthen its position in India's premium elevator and escalator market with enhanced growth prospects

JSW Steel to sign JV with JFE Steel for Odisha plant expansion on April 24

JSW Steel is set to form a 50:50 joint venture with Japan's JFE Steel for a Rs 32,000 crore expansion of Bhushan Power and Steel in Odisha

Cabot Sanmar to boost silica output with Rs 220 cr Mettur plant expansion

JV between Cabot Corporation and Sanmar Group to expand Mettur facility, boosting domestic supply of fumed silica for pharmaceuticals, coatings and specialty chemicals sectors

Signature Global, RMZ Group form JV for ₹1,283 crore mixed-use project

Realty firm Signature Global has formed an equal joint venture with RMZ Group to develop a mixed-use project in Gurugram, with the Bengaluru-based firm investing Rs 1,283 crore. In a regulatory filing, Signature Global said it has formed a joint venture with RMZ to develop a mixed-use project, comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road (SPR) in Gurugram. Under the agreement, Signature Global and RMZ will form a 50:50 joint venture. RMZ has committed an investment of Rs 1,283 crore to acquire a 50 per cent equity stake in the project, the filing said. As part of the transaction, Gurugram Commercity Ltd (GCL), a wholly-owned subsidiary of Signature Global, and Millennia Realtors, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50 per cent equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to Rs

Dixon Technologies valuation reflects headwinds amid demand slowdown

Despite muted Q3 performance, higher input costs and uncertainty over the Vivo joint venture, Dixon Technologies' valuation factors in multiple headwinds, with brokerages divided on outlook

Stellantis-Tata Motors JV turns 20, signs new MoU for collaboration

Stellantis and Tata Motors Passenger Vehicles marked 20 years of their joint venture by signing a fresh MoU to explore deeper collaboration across manufacturing, engineering and supply chains