MANUFACTURING Hindustan Zinc, Tata Steel Join Hands For Low-Carbon Steel Manufacturing

Vedanta promoted Hindustan Zinc has strengthened its long-standing association with Tata Steel to expand the integration of EcoZen, its low carbon zinc solution, into sustainable steel manufacturing. The collaboration reflects both companies’ shared commitment to embedding climate considerations into core industrial processes and procurement strategies. EcoZen, Asia’s first low-carbon zinc, is produced using renewable energy […]

CW Bureau · Mar 23, 2026

MANUFACTURING Tata Steel Commissions ₹3,200-Cr Electric Arc Furnace In Ludhiana

Tata Steel Ltd has inaugurated a ₹3,200-crore scrap-based Electric Arc Furnace (EAF) facility at Hi-Tech Valley in Ludhiana, with a production capacity of 0.75 million tonnes per annum. The plant is designed to achieve carbon dioxide emissions of less than 0.3 tonnes per tonne of steel, marking a significant step in the company’s roadmap to […]

CW Bureau · Mar 20, 2026

MANUFACTURING From Living Rooms To Legal Limbo: The Rise And Fall Of Videocon

Once a household name that defined India’s consumer electronics boom, Videocon Industries now stands as a cautionary tale of ambition, overreach and financial mismanagement. Today, its fate hanging in the corridors of insolvency courts. Building An Indian Consumer Icon Founded in 1979 by Venugopal Dhoot, Videocon Industries emerged as a pioneer in India’s fast-evolving consumer […]

CW Bureau · Mar 19, 2026

MANUFACTURING Belrise Enters Aerospace Sector With UK-Based Chester Hall Acquisition

Belrise Industries has announced a strategic acquisition of 100% stake in UK-based Chester Hall Precision Engineering Holdings, marking its entry into the global aerospace, space and defence manufacturing ecosystem. The acquisition, executed through its step-down wholly owned subsidiary Belrise UK Holdings, involves an enterprise value of £13.2 million (₹130 crore) and was completed at an […]

CW Bureau · Mar 18, 2026

MANUFACTURING Tata Steel To Merge NINL, Infuse ₹18,488 Cr In Arm, Buy Hospital Stake

The board of Tata Steel has approved three key decisions, including the amalgamation of a wholly owned subsidiary, a major capital infusion into an overseas arm, and the acquisition of a stake in a hospital company. The company said it will proceed with a scheme of amalgamation of Neelachal Ispat Nigam Ltd (NINL) with itself. […]

CW Bureau · Mar 18, 2026

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