Vedanta Resources, led by billionaire Anil Agarwal has announced it is set to regain control of Zambia’s Konkola Copper Mines (KCM) following a Zambian court’s approval of a debt settlement plan, it comes as Vedanta prepares to ramp up copper output in response to increasing global demand. Legal and Financial Struggles KCM was placed under …
Asian Paints, one of India’s leading paint companies, has recently announced a significant expansion of its manufacturing capacity at the Mysuru plant. This expansion is a strategic move to meet the growing demand for their products in the medium term. Here’s a breakdown of what this development means for the company and its stakeholders. Background …
Titan Company, a Tata Group enterprise, has announced its expansion into Bangladesh by launching its famous jewellery brand, Tanishq as a part of Titan’s broader international growth plans. The expansion will be facilitated through a joint venture with Rhythm Group, a prominent Bangladeshi company with the establishment of a manufacturing facility in Narayanganj, Bangladesh. Joint …
Godrej Properties Ltd (GPL), a leading name in Indian real estate development, has unveiled plans for a significant new project in Pune’s flourishing IT hub, Hinjewadi. This exciting development signifies GPL’s continued commitment to creating high-quality living and shopping experiences for India’s growing urban population. Prime Location with High Demand The project will be situated …
Udupi Cochin Shipyard Limited (UCSL), a subsidiary of India’s leading shipyard Cochin Shipyard Limited (CSL), has secured a significant international order from Wilson ASA, a leading Norwegian shipping company. Key Points Order for 8 Cargo Vessels: The agreement entails the design and construction of eight 6300 Deadweight Tonnage (DWT) dry cargo vessels. Follow-Up Order: This …
Manorama Industries Ltd announced on July 1, 2024, through a stock exchange filing, the commencement of commercial production at their new state-of-the-art fractionation plant. This facility boasts a substantial capacity of 25,000 tonnes per annum (TPA), effectively increasing the company’s total fractionation input capacity to 40,000 TPA. This development marks a significant enhancement in Manorama …
Neogen Chemicals Limited, a prominent Indian manufacturer with over 35 years of expertise in Bromine-based and Lithium-based specialty chemicals, has expanded into Lithium-Ion Battery materials production via its wholly owned subsidiary, Neogen Ionics Limited. The company informed the stock exchanges that Mr Haridas Kanani, Chairman and Managing Director, an IIT Bombay Chemical Engineering graduate with …
Orchid Pharma Limited announced in a stock exchange filing the launch of its new drug, Cefepime-Enmetazobactam, approved for treating complicated urinary tract infections (cUTI), hospital-acquired pneumonia (HAP), and ventilator-associated pneumonia (VAP). In a landmark collaboration, Orchid Pharma has partnered with Cipla Limited to ensure widespread and rapid distribution of this breakthrough antibiotic combination across India. …
KPIT Technologies Limited (KPIT) recently announced significant progress in its joint venture with ZF Friedrichshafen AG (ZF), which aims to revolutionise the automotive middleware sector. This initiative, initially approved by KPIT’s Board of Directors on April 26, 2023, focuses on investing in Qorix GmbH, a subsidiary of KPIT Technologies. Qorix GmbH specialises in developing world-class …
On June 30, 2024, Aether Industries in a stock exchange filing about the successful commissioning and operationalisation of a 5 MW Solar Power Plant on June 29, 2024. This development is part of a larger 15 MW Solar Power Project (Auto-Tracker Modules) under the Captive Power Producer (CPP) segment awarded to M/s. KPIG Energia Private …
