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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Mar 12, 2026
