MANUFACTURING CG Power Profit Jumps 32% To ₹362 Cr, Sales Up 25%; Order Book Surges

Murugappa Group company CG Power and Industrial Solutions Ltd reported a strong performance for the March quarter, with consolidated net profit rising 32% year-on-year to ₹362 crore. Aggregate sales for the quarter grew 25% to ₹3,442 crore, driven by robust execution and momentum across key business segments. Segment performance drives growth The Industrial Systems segment […]

CW Bureau · May 6, 2026

MANUFACTURING India Steel Output, Consumption Stay Firm In April; Prices Extend Recovery

India’s steel sector continued its steady growth trajectory in April 2026, with year-on-year gains across key production and consumption indicators. The month reflected resilient domestic demand, supported by ongoing momentum in infrastructure and manufacturing activity. Production and demand trends Crude steel production stood at 14.09 million tonnes in April 2026, up 5.8% year-on-year from 13.31 […]

CW Bureau · May 6, 2026

MANUFACTURING India’s ₹3,936-Cr Chip Bet: Two New Semiconductor Projects Get Approval

The Union Cabinet has approved two new semiconductor projects under the India Semiconductor Mission (ISM), reinforcing India’s push to build a self-reliant and globally competitive chip ecosystem. The approvals include the country’s first commercial Mini/Micro-LED display facility based on Gallium Nitride (GaN) technology, alongside a semiconductor packaging unit. Investment, jobs and strategic locationBoth projects will […]

CW Bureau · May 5, 2026

MANUFACTURING Ambuja Cements Q4 Profit Jumps 37%; Normalised Profit Declines

Ambuja Cements Ltd, the world’s ninth largest building materials solutions company, reported a 37% increase in consolidated net profit at ₹1,857 crore for the March quarter compared with the year-ago period. However, normalised net profit declined 34% to ₹569 crore, impacted by one-time reversals of income tax provisions (₹761 crore) and deferred tax liabilities (₹604 […]

CW Bureau · May 4, 2026

MANUFACTURING Steel Exchange India Bolsters Capital Base With Warrant Issue, Conversion

Steel Exchange India Ltd (SEIL), a leading integrated steel player in South India, has announced a series of capital market initiatives of around ₹40.32 crore involving fresh warrant issuance and conversion of existing warrants, aimed at reinforcing its financial position and enabling future growth. Preferential warrant allotment approvedThe company has approved the allotment of 4.40 […]

CW Bureau · May 4, 2026

MANUFACTURING Muted FY26 For Zen Technologies, Strong Order Book Signals Rebound

Hyderabad-based Zen Technologies reported a sharp decline in earnings for the March quarter of FY26, reflecting a transitional year marked by delayed order conversions and a strategic shift in its business mix. The company posted a consolidated profit after tax (PAT) of ₹31.53 crore in Q4 FY26, down nearly 69% from ₹101.04 crore in the […]

CW Bureau · May 3, 2026

MANUFACTURING Dalmia Bharat To Scale Up Expansion Play, Targets 75 MT Capacity By FY28

Dalmia Bharat is actively working on new projects to reach its 75 million tonnes capacity milestone by FY28, reinforcing its ambition to emerge as a pan-India cement player. From a modest start in 1939 with just 250 tonnes per day capacity in Tamil Nadu, the company has scaled to nearly 50 million tonnes and now […]

CW Bureau · May 2, 2026

MANUFACTURING UltraTech’s Acquired Firms Turn The Corner, Brand Migration Completed

Aditya Birla promoted UltraTech Cement has completed 100% brand migration across its acquired businesses, India Cements and Kesoram Industries, by the end of March FY26, marking a key milestone in its post-acquisition integration strategy. UltraTech management told analysts that the transition reflects rapid progress from earlier phases, when in Q2 FY26, 31% of India Cements’ […]

CW Bureau · May 1, 2026

MANUFACTURING Invest India Anchors $6.1 Bn Across 60 Projects In 14 States During FY26

Invest India, the national investment promotion and facilitation arm under the Department for Promotion of Industry and Internal Trade, has facilitated setting up of 60 projects worth over $6.1 billion in FY26. These investments span 14 states and are expected to generate more than 31,000 jobs, underlining sustained global confidence in India as an investment […]

CW Bureau · Apr 30, 2026

MANUFACTURING Schaeffler India Q1 Revenue Jumps 18.8% To ₹2,507 Cr; Margins Steady

Schaeffler India Ltd, the motion technology company, reported revenue from operations of ₹2,507 crore for the March quarter of CY2026, marking an 18.8% year-on-year growth. On a sequential basis, revenue declined 5.1% compared to the preceding quarter. Net profit for the quarter stood at ₹319 crore, translating into a net profit margin of 12.8%. Profitability […]

CW Bureau · Apr 30, 2026

MANUFACTURING Shyam Metalics Unveils ₹2,700 Cr Expansion, Eyes Specialty Steel

Shyam Metalics and Energy Ltd has announced a ₹2,700 crore strategic expansion programme aimed at deepening its play in higher-margin, value-added steel segments. The investment, entirely funded through internal accruals, signals a disciplined yet ambitious growth strategy focused on premiumisation, downstream integration, and long-term earnings quality. The proposal will be placed before the Board for […]

CW Bureau · Apr 29, 2026

MANUFACTURING Dalmia Bharat Registers Mixed Q4 With Record Operating Performance

Dalmia Bharat Ltd reported a mixed set of numbers for the March quarter of FY26, with profitability under pressure even as revenue and operating performance showed resilience. Profit slips, revenue edges upThe company posted a consolidated profit after tax (PAT) of ₹394 crore in Q4 FY26, down 10.3% from ₹439 crore in the year-ago period. […]

CW Bureau · Apr 28, 2026