Sprayking Limited, a prominent player in the brass components manufacturing sector, announced a significant milestone in its global business strategy, securing an export order worth INR 25 million (approximately $300,000). This deal, brokered through its subsidiary Narmadesh Brass Industries Limited, involves the export of 50 tonnes of brass billets to a Dubai-based client. The goods […]
Narmadesh Brass Industries Limited, a key subsidiary of Sprayking Limited, has successfully clinched a lucrative brass billet export contract worth INR 50 million. The order comes from a Dubai-based client and will see the brass billets shipped to China, one of the largest and fastest-growing markets for such components. This development marks a significant milestone […]
Reliance Industries Limited has announced an investment of INR 75,000 crores ($9 billion) to develop its new energy manufacturing ecosystem. Revealed by Chairman Mukesh Ambani during the company’s 46th annual general meeting, this significant investment aims to accelerate giga-scale production in various areas of renewable energy and green mobility. Giga-Scale Production for 24/7 Power and […]
The Ministry of Heavy Industries has given a major boost to India’s Advanced Chemistry Cells (ACC) battery storage market by awarding a combined capacity of 30GWh to three key players—Ola Cell Technologies Pvt. Ltd., ACC Energy Storage Pvt Ltd., and Reliance New Energy Battery Storage Ltd. The Ministry aims to reach a whopping 50GWh production […]
Ambri, a US-based energy storage solutions manufacturer, has signed a memorandum of understanding (MoU) with multinational conglomerate Reliance Industries to help the latter achieve its net-zero carbon targets. Under the MoU, Reliance Industries will receive Ambri pilot system as part of its broader energy storage system manufacturing plans and implementation in India. Reliance Industries is […]
Power Grid Corporation of India Limited (Powergrid) said that its board of directors has sanctioned an INR 327.71 crores for a transmission project in Gujarat, which involves linking one of its pooling stations with the Jamnagar oil refinery of Reliance Industries Limited (RIL). The pooling station is the Jam khambhaliya ISTS PS located in Khambhalia […]
Reliance Industries said that its fully-owned subsidiary Reliance New Energy Limited (RNEL) has agreed to acquire a stake of 20% in Caelux Corporation, a California-based developer of perovskite-based solar technology. The consideration for the deal is $12 million. According to Reliance Industries, its investment will help Caelux expedite product and technology development. This includes the […]
Reliance Industries has announced plans to carry out the shutdown of a crude distillation unit (CDU) and fluidized catalytic cracker (FCC) of its SEZ refinery in Jamnagar for general maintenance and inspection activities. According to Reliance Industries, the shutdown period is likely to be around three to four weeks for crude distillation unit beginning on […]
Reliance Industries Limited said that its board has today decided to execute a scheme of arrangement for transferring Gasification Undertaking into a fully-owned subsidiary. The scheduled date of the scheme will be 31 March 2022 or any other date set by the company’s board. The scheme will be subject to approval from stock exchanges, shareholders, […]
G R Infraprojects Limited said that it has prevailed as L-1 bidder in a tender called by the National Highways Authority of India (NHAI) for developing a six-lane section of NH-754A in Punjab under Bharatmala Pariyojana Phase-I (Package-1) on hybrid annuity mode (HAM) by bidding an amount of INR 927 crores. According to the Gurugram-based […]