Page 28 - Manufacturing

DFPCL to invest Rs 1,950 cr to expand Gujarat plant's nitric acid capacity

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday said it will expand the Nitric Acid capacity at Dahej, in Gujarat at a cost of Rs 1,950 crore. The Board has approved a proposal to set up a Weak Nitric Acid (WNA) plant with a capacity of 300 kilo tonnes per annum (KTPA) and two Concentrated Nitric Acid (CNA) plants with a total capacity of 150 KTPA, a statement said. The company said the new plants will be set up within the existing Nitric Acid complex of DFPCL Dahej in Gujarat as adequate land is available for the proposed construction. "The total project cost is estimated to be approximately Rs 1,950 crore including pre-operative expenses, contingencies, and finance cost during the construction period," it said. The company will be implementing state of the art technology from leading global technology providers for the brownfield expansion. The production will commence tentatively in the second half of 2025-26, it added. "The proposed expansion of our .

Muttiah Muralitharan's Ceylon Beverages to set up plant for cans in Dharwad

The company had earlier sent a proposal to the Karnataka government for setting up aluminium cans and beverages filling plant

The green tinge of local manufacturing

National decarbonisation goals are driving a global race in near-shoring, on-shoring and friend-shoring of production, with India actively joining this dynamic landscape

Leading laptop manufacturers register to make their product in India

As many as 44 IT hardware manufacturers including global PC makers have registered for manufacturing laptops, tablets and personal computers in India, an official source said on Saturday. The official, without naming any company, said that IT hardware production in the country is expected to repeat the success that has been achieved in mobile phone manufacturing under the production linked incentive (PLI) scheme. "Leading laptop companies have registered for PLI and some of them are ready to start manufacturing in India any time. Global server companies have said that they want to make India an export hub for servers," the official said. The government has fixed August 30 as the last date for manufacturing IT hardware under Rs 17,000-crore PLI scheme. According to Counterpoint Research, Lenovo, HP, Dell, Apple and Acer were the top five companies in the personal computer segment in the June 2023 quarter. Research Director of Counterpoint Research Tarun Pathak said the total laptop

India has started manufacturing 38 APIs in past 1.5 years: Mandaviya

India has started manufacturing 38 active pharmaceutical ingredients, or APIs, in the last one and a half years on which it was import-dependent, under the production-linked incentive (PLI) scheme for the sector, Union Health Minister Mansukh Mandaviya said here Saturday. Mandaviya said that the 2017 border standoff with China at Doklam triggered India to rethink its self-reliant strategy regarding active pharma components as it was dependent on just one country for the import of 95 per cent of APIs for the formulation industry. The health minister was speaking at the inaugural event of the Healthcare Summit organised at the Indian Institute of Management Ahmedabad (IIMA). Through the PLI scheme, we tried to ensure that the country does not have to import 54 APIs from abroad and our formulation industry gets APIs domestically. I am happy to share that in just a year and a half, India has started manufacturing 38 APIs, which is an example of Atmanirbhar Bharat, he said. The governme

India Restricts Import Of Laptops, Computers: Here's why

India has restricted imports of laptops, tablets and personal computers with immediate effect. The move's spirit is to push manufacturing to India. Watch the video to know more.

Deepak Nitrite's net profit declines by 36% to Rs 150 crore in June quarter

Chemical manufacturing company Deepak Nitrite on Thursday reported a 36.1 per cent decline in consolidated net profit at Rs 149.9 crore for the June quarter. The company's net profit stood at Rs 234.62 crore during the corresponding period of the previous fiscal, Deepak Nitrite said in a regulatory filing. Revenue from operations fell 14.07 per cent in the first quarter of this fiscal to Rs 1,768.34 crore compared to Rs 2,057.99 crore in the same period a year ago. On June 2, 2022, the company had said that an incident of fire occurred at one of its manufacturing sites at Nandesari, Gujarat. Property, equipment, and inventory worth crores of rupees were damaged and business was hit, resulting in overall damage of Rs 47.20 crore. The company received part payment from insurance companies towards claim against loss of assets and inventories aggregating Rs 27.09 crore, which has been adjusted against the claims, as per the filing. Out of the Rs 27.09 crore, Rs 11.23 crore was receiv

Demand for women apprentices surges 3-fold in manufacturing sector: Report

With the manufacturing sector, traditionally dominated by men, actively working to enhance its diversity and inclusion (D&I), the demand for women apprentices witnessed a threefold increase in the first quarter of this financial year, a report said on Thursday. According to the latest data from TeamLease Degree Apprenticeship, the demand for women apprentices experienced a threefold increase (equivalent to 500 per cent) in the first quarter of FY24, when compared to the last quarter of FY23. The encouraging trend is evident in various regions, including the southern states of Tamil Nadu, Karnataka and Telangana, the Western states of Maharashtra, specifically in Aurangabad and Pune, and the northern states of Uttar Pradesh, Uttarakhand and Haryana, the report noted. Employers across manufacturing sectors are now embracing gender neutrality in apprentice engagement, with an encouraging 51 per cent actively fostering equal opportunities for both men and women, it added. The report ..

Brookfield, RIL sign MoU to explore renewable opportunities in Australia

Under the MoU, Brookfield will collaborate with RIL to assess potential capital investment and skill development opportunities in Australia's renewable energy sector

Apple's main supplier Foxconn plans $500 mn component plants in India

Foxconn Technology Group, plans to increase its investments to more than $1.2 bn in southern India's Karnataka state and add two component factories there

China's manufacturing contracts in July dragging down Asia factories

The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks a contraction, a private survey showed

Bajaj Auto to set up first overseas manufacturing plant in Brazil

According to Executive Director Rakesh Sharma, the proposed plant is likely to come up in Manaus Special Economic Zone in northern Brazil and commence production in the next 12 months

Silicon Power to invest $121.7 mn in semiconductor plant in Odisha

Silicon carbide is a component that goes into chips used in electric cars and other industrial power and energy applications

Mahindra Group to aid US companies to set up manufacturing base in India

The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes

Mahindra Group to aid US cos to expand manufacturing footprint in India

Mahindra Group has set up a dedicated platform in the US to help American companies expand their manufacturing base in India, the Mumbai-based diversified conglomerate said on Monday. The Mahindra Group said it has an extensive experience in regulatory and policy matters, with an in-house team of experts, who will lend their expertise to give American companies a head-start on their manufacturing journey in India. The Group will support interested companies in setting up their manufacturing base in India in a range of ways, including an integrated approach to manufacturing infrastructure, supply chain, technology/automation among others. It would also provide modular plug-and-play suite of offerings; experience sharing on regulations and compliance; and environmental, social and governance (ESG) focus. Mahindra Group is delighted to announce a dedicated platform in the US a decisive step aimed at enhancing global manufacturing and supply chain solutions for American companies," ...

Govt announces re-bidding under PLI for advanced chemistry cell production

The government on Thursday announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell manufacturing -- India's Rs 18,100-crore programme to boost local battery cell production. The Ministry of Heavy Industries (MHI) will facilitate a stakeholder consultation with industry representatives on July 24, 2023 for their inputs and suggestions before the start of the re-bidding process of remaining 20 GWh capacity. "The ministry is committed to finalize the bidding documents and proceeding with the rebidding process at the earliest," an official statement said. With this auctioning process, the prospective applicants can submit their bids to set up domestic manufacturing facility for advanced chemistry cell, which will help them qualify for incentives under ACC PLI scheme. ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and

Centre rolls out mandatory quality norms for insulated flask, bottles

The government on Wednesday said it has issued mandatory quality norms for insulated flask, bottles and containers with a view to containing import of the sub-standard goods and boost domestic manufacturing of these products. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on July 14. These items - resin-treated compressed wood laminates and insulated flask, bottles and containers for domestic use - under the quality control orders (QCO), cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark. Now, manufacturing, storing and sale of non-BIS certified products are prohibited as per the BIS Act, 2016. The violation of the provision of the BIS Act can attract a penalty of imprisonment of up to two years or a fine of at least Rs 2 lakh for the first offence. In case of second and subsequent offences, the fine will increase to Rs 5 lakh minimum and extend up to ten

Manufacturing sentiments in India remain positive for first quarter: Ficci

Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The survey assessed the sentiments of manufacturers for April-June (2023-24) for nine major sectors namely automotive & auto components, capital goods & construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics & white goods, machine tools, metal & metal products, textiles, apparels & technical textiles, toys & handicraft. Responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 7.70 lakh crore. In March quarter FY23, 55 per cent of the respondents reported higher production levels. Further, over 57

Foxconn proposes to set up Rs 8,800 cr manufacturing plant in Karnataka

Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday. The Chief Minister Siddaramaiah chaired a high-level meeting with the delegates of Foxconn Industrial Internet (Fii), headed by its CEO, Brand Cheng, in this regard, he said. As per the proposal, Fii, a subsidiary of Foxconn (formally known as Hon Hai Precision Industry Co. Ltd), has a plan to invest Rs 8,800 Crore. "This would create 14,000 jobs and the land required for the project is about 100 acres," Patil said. The delegates of the Fii would be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town. The Information Technology Minister Priyank Kharge and Chief Secretary Vandita Sharma were also present in the meeting. "Fii will engage in manufactur

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