In a standout performance for the first half of fiscal year 2025, Hindustan Foods Limited (HFL) has reported its highest-ever consolidated revenue, despite challenging market conditions within the Fast-Moving Consumer Goods (FMCG) sector. The company, a leader in contract manufacturing across diverse FMCG verticals, credits this achievement to strategic expansions and a resilient business model, […]
In a major development for India’s steel industry, JSW Steel Limited, in partnership with JFE Steel Corporation, announced the acquisition of thyssenkrupp Electrical Steel India Private Limited (tkES India) through their joint venture. The acquisition, valued at INR 4,051.40 crore, marks a strategic push by the companies to enhance their value-added steel manufacturing capabilities, particularly […]
Sula Vineyards, a major wine producer in India, has reported its highest ever revenue from own brands and wine tourism in Q2 FY25, signalling a significant success in its premium wine portfolio. The company announced on October 11 that its elite and premium wine brands have driven substantial growth, marking a 0.3% increase year-on-year to […]
Mahindra Logistics Limited, a front-runner in integrated logistics solutions in India, has inaugurated a substantial 1 lakh sq. ft. extension to its existing multi-client warehouse in Nashik. Furthermore, the company announced the development of a new 3 lakh sq. ft. warehousing facility, expanding its total warehousing footprint to an impressive 5 lakh sq. ft. in […]
ABB India has clinched a significant automation deal with Reliance Life Sciences (RLS) for their upcoming manufacturing facilities located in Nashik, Maharashtra. These new plants, situated on a sprawling 160-acre Reliance Life Sciences campus, are set to produce plasma proteins, biopharmaceuticals, oncology medicines, and vaccines. Highlighting the complexity of large-scale biotech production, this partnership aims […]
ABB India said that it has opened a new factory in Nashik to manufacture primary and secondary gas insulated switchgear (GIS) to double its production capacity of the solid metal encapsulated devices. The Nashik manufacturing facility will provide services to clients from various industries, including power distribution, data centers, smart cities, and transportation that includes […]
Godrej Agrovet Limited said that Godrej Maxximilk Private Limited (GMPL) has become its fully-owned subsidiary after it acquired the remaining 25.1% stake in the latter. The Indian animal feed and agribusiness company had acquired the stake for INR 14.99 crore by subscribing preferential issue. Godrej Agrovet has been allotted 4,41,176 equity shares at a face […]