MANUFACTURING Tamilnadu Petro, Kirloskar Ferrous Hit By ME-linked Supply Disruptions

Ashwin Muthiah-led Tamilnadu Petroproducts Ltd (TPL) has temporarily shut down its Heavy Chemicals Division plant due to the ongoing geopolitical tensions in the Middle East. TPL, in a regulatory filing, said the disruption constitutes a force majeure event as it is beyond its control, adding that the financial impact cannot be quantified at this stage. […]

CW Bureau · Mar 18, 2026

MANUFACTURING Reliance Signs $3-Bn Green Ammonia Supply Agreement With Samsung C&T

Reliance Industries Ltd (RIL) has signed a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period starting in the second half of FY2029. Valued at more than $3 billion, the agreement is among the largest binding long-term green ammonia off-take deals […]

CW Bureau · Mar 16, 2026

MANUFACTURING Carborundum Universal Starts Thin Wheel Production At Hosur Facility

Carborundum Universal Ltd (Cumi), part of the Murugappa Group, has commenced commercial production of cutting and grinding wheels (thin wheels) at its manufacturing facility in Hosur. The new plant established at an investment of ₹83 crore is expected to generate a turnover of around ₹160 crore at peak capacity utilisation. The new production line has […]

CW Bureau · Mar 16, 2026

MANUFACTURING JK Paper Composite Scheme Merged Takes Effect After NCLT Order Filing

JK Paper Ltd said that composite scheme of arrangement involving its wholly owned subsidiaries became effective from March 15, 2026, following the filing of a certified copy of National Company Law Tribunal (Ahmedabad bench) order with the Registrar of Companies. The merger is aimed at consolidating paper and packaging businesses and streamlining the corporate structure […]

CW Bureau · Mar 15, 2026

MANUFACTURING Takeshi Hirano Assumes Charge As Isuzu Motors India Deputy MD

Isuzu Motors India Pvt. Ltd. (IMI), a subsidiary of Isuzu Motors Limited, as part of its business plan has announced a change in its senior management with the appointment of Takeshi Hirano as Deputy Managing Director. Takeshi Hirano, currently associated with the Isuzu Business Division at Mitsubishi Corporation, Japan, succeeds Toru Kishimoto, who will take […]

CW Bureau · Mar 13, 2026

MANUFACTURING Gravita India To Buy 98.95% Stake In Rashtriya Metal Industries For ₹559 Cr

Gravita India Ltd has signed definitive agreements to acquire a 98.95% stake in Gujarat-based Rashtriya Metal Industries Ltd (RMIL) for a total cash consideration of ₹559.08 crore, as part of its strategic initiative to expand its presence and strengthen capabilities. RMIL has established a strong presence in electrical and automotive applications, providing Gravita access to […]

CW Bureau · Mar 13, 2026

MANUFACTURING Sigma Advanced Systems Divests Extrovis Stake For ₹137.6 Cr

Hyderabad-based Sigma Advanced Systems Ltd., an aero-engine and aero structure components manufacturer, has divested its entire 36.52% equity stake in non-core Switzerland-based pharmaceutical company Extrovis AG for ₹137.61 crore. By exiting the non-core pharmaceutical investment, Sigma plans to redeploy capital toward strengthening manufacturing capabilities, pursuing strategic acquisitions, and expanding its presence across global defence and […]

CW Bureau · Mar 12, 2026

MANUFACTURING Ai+ Smartphone Partners Optiemus To Make 3 Mn Devices In Noida

Ai+ Smartphone has entered into a manufacturing agreement with Optiemus Electronics Ltd (OEL), a subsidiary of Optiemus Infracom Ltd, to produce three million devices, including mobile phones, tablets, IoT products and advanced wearables, at OEL’s facility in Noida. Under the agreement, Ai+ Smartphone and OEL plan to invest about ₹125 crore in India over five […]

CW Bureau · Mar 12, 2026

MANUFACTURING Bharat Forge, Liebherr-Aerospace Launch Landing Gear Machining Plant

Bharat Forge has partnered with Liebherr-Aerospace & Transportation SAS to set up a landing gear components machining facility in Pune, marking a significant step forward for India’s aerospace manufacturing capabilities. The new facility, located in Mundhwa, Pune, has been developed by Bharat Forge’s aerospace division in collaboration with the France-based aerospace systems supplier. The plant […]

CW Bureau · Mar 11, 2026

MANUFACTURING Tamilnadu Petroproducts Revises LAB Cost, HCD Expansion By ₹78 Cr

Ashwin Muthiah-led Tamilnadu Petroproducts Ltd (TPL) has revised the project cost for expanding its Linear Alkyl Benzene (LAB) plant and Heavy Chemicals Division (HCD) plant by ₹78 crore due to cost escalation. In a regulatory filing, the company said the cost of expanding the LAB plant has been revised to ₹365 crore from ₹310 crore, […]

CW Bureau · Mar 11, 2026

MANUFACTURING KOEL Chairman Atul Kirloskar To Step Down On March 31; Rahul To Suceed

Kirloskar Oil Engines Ltd (KOEL) has announced that its Chairman, Atul Kirloskar, will retire from his position on March 31, 2026, on attaining the retirement age of 70. Kirloskar has been associated with the company for over 43 years in various executive and non-executive roles. He joined the company in 1983 and was appointed Executive […]

CW Bureau · Mar 10, 2026

MANUFACTURING MM Forgings Eyes 20% Growth In FY27 On Strong Order Book

Chennai-based MM Forgings Ltd is optimistic about a strong rebound in growth, projecting around 20% revenue expansion in the next fiscal, driven by robust demand from the U.S. and domestic commercial vehicle markets, along with recent capacity additions. Chairman and Managing Director Vidyashankar Krishnan said during an earnings call that the company is well positioned […]

CW Bureau · Mar 9, 2026