Indian Oil Corporation Limited (IndianOil) said that its board has sanctioned ‘Stage-I’ approval for establishing the Paradip Petrochemical Complex at Paradip in Odisha with an investment of INR 61,077 crores. The new petrochemical project in Paradip will be IndianOil’s largest-ever investment at a single location. The Paradip Petrochemical Complex will comprise an international-scale cracker unit […]
Bharat Forge said that its fully-owned subsidiary Kalyani Strategic Systems Limited (KSSL) has entered into a memorandum of understanding (MoU) with Rolls-Royce Marine North America for developing naval propulsion systems for the Indian market. As per the terms of the agreement, Kalyani Strategic Systems will cooperate with Rolls-Royce Marine North America in the areas of […]
Centum Electronics Limited has forged a partnership with Israel-based Rafael Advanced Defense Systems in the field of electronic warfare systems for the Indian Navy and Indian Coast Guards. A memorandum of understanding (MoU) has been signed by the Indian electronics system design and manufacturing company and Rafael Advanced Defense Systems in this connection. Under the MoU, […]
Suzlon Group has bagged an order from Adani Green Energy to develop a 48.3MW wind farm in Mandvi, Kutch district, Gujarat. As per the contract, Suzlon Group will supply and install 23 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower. Each of the turbines of the Mandvi wind farm in Gujarat will […]
Blue Star Limited said that its fully-owned subsidiary Blue Star Engineering & Electronics Limited (Blue Star E&E) has inaugurated its new medical diagnostic equipment refurbishment facility in Bhiwandi, Maharashtra. The 15,000 sq ft facility is said to be equipped fully to refurbish a range of pre-owned medical diagnostic imaging systems, including computed tomography (CT) scanners, […]
PG Electroplast Limited said that its fully-owned subsidiary — PG Technoplast Private Limited has secured approval from the Indian government under the production linked incentive (PLI) scheme for white goods under the air conditioner components category. The company will invest INR 321 crores over a period of five years starting from FY2022. PG Electroplast provides […]
Blue Star Limited, an air conditioning and commercial refrigeration company, said that its newly created fully-owned subsidiary Blue Star Climatech has broken ground on a new manufacturing plant in Sri City, Chittoor District, Andhra Pradesh. Over the next few years, Blue Star Climatech will invest INR 550 crores in the manufacturing plant in a phased […]