MANUFACTURING Prime Ind Entity Linga Agri Fundraise At ₹330 Cr Pre-Money Valuation

Linga Agri Trading and Machinery Private Ltd, an agricultural and industrial manufacturing company in which Prime Industries Ltd holds a majority stake, has completed the first tranche of its fundraise at a pre-money valuation of ₹330 crore The company reported a sharp rise in revenue to ₹84 crore in FY26 from ₹19 crore in FY25 […]

CW Bureau · Oct 18, 2026

MANUFACTURING Bharat Forge Wins Long-Term Pratt & Whitney Canada Aerospace Contract

Bharat Forge Ltd (BFL), a global player in advanced forging and precision engineering, has secured a long-term contract from Pratt & Whitney Canada to supply mission-critical aerospace engine components. The components will be manufactured at Bharat Forge’s aerospace facility in India, which has been developed specifically for producing high-performance, high-value aero-engine products. Aerospace manufacturing capability […]

CW Bureau · Oct 5, 2026

GENERAL HAL To Acquire 50% Stake In Hatsoff, Make It Wholly Owned Subsidiary

Hindustan Aeronautics Ltd (HAL), the state-owned aerospace and defence company, has entered into an agreement to acquire the remaining 50% stake in Hatsoff Helicopter Training Pvt Ltd from CAE, Canada, for nil consideration. The transaction involves the acquisition of 3.84 crore equity shares held by CAE. Following the transfer, Hatsoff will become a 100% wholly […]

CW Bureau · Oct 2, 2026

MANUFACTURING Apollo Micro Systems Receives CCI Clearance For Premier Explosives Buy

Apollo Micro Systems Ltd (AMS), an Indian defence electronics and systems company, said the Competition Commission of India (CCI) has held that its acquisition of Premier Explosives Ltd does not constitute a combination under the Competition Act, 2002. The CCI has therefore concluded that the transaction does not require its approval. AMS had voluntarily filed […]

CW Bureau · Sep 24, 2026

MANUFACTURING Motherson Set To Acquire 50% Stake In Rotary Connectors For ₹500 Cr

Samvardhana Motherson Adsys Tech Ltd (SMAST) has agreed to acquire a 50.1% stake in Rotary Connectors Pvt Ltd (RCPL) from its existing shareholders for a cash consideration of ₹500 crore. The transaction is expected to be completed by the fourth quarter of FY27. The equity value will be determined based on enterprise value plus net […]

CW Bureau · Sep 21, 2026

MANUFACTURING HAL Hands Over Tejas, HTT-40 Trainers And Dhruv NG Helicopters

Hindustan Aeronautics Ltd (HAL) has handed over two LCA Tejas Final Operational Clearance (FOC) twin-seater trainers and three HTT-40 basic trainer aircraft to the Indian Air Force (IAF), along with four Dhruv Next Generation (NG) helicopters to Pawan Hans Ltd (PHL). The handover took place in Bengaluru in the presence of Defence Minister Rajnath Singh […]

CW Bureau · Sep 18, 2026

STARTUP/TECHNOLOGY Bharat Forge, Pratt & Whitney Canada To Evaluate Turboprop Engines

Bharat Forge Ltd and Pratt & Whitney Canada will work together to evaluate the integration of advanced turboprop engines into a high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV) programme developed by India’s Defence Research and Development Organisation (DRDO). The collaboration supports India’s indigenous unmanned aerial systems efforts under the Government’s Aatmanirbhar Bharat initiative. Pratt & […]

CW Bureau · Sep 15, 2026

MANUFACTURING Airfloa Rail Technology Acquires KIN Railway Equipment Unit For ₹48 Cr

Airfloa Rail Technology Ltd, an engineering and manufacturing company serving the railway, metro, aerospace and defence sectors, has entered into a Memorandum of Understanding (MoU) with KIN Railway Equipment Pvt Ltd to evaluate the acquisition of KIN’s business for ₹48 crore. The proposed transaction will be structured either as a slump sale or an asset […]

CW Bureau · Sep 14, 2026

INFRASTRUCTURE Tata Elxsi, Sarla Aviation Tie Up To Develop Six-Seater eVTOL Aircraft

Tata Elxsi, a global design and technology services company, and Sarla Aviation, an advanced air mobility company, have signed a MoU to collaborate on the development of Shunya, a six-seater plus one pilot electric vertical take-off and landing (eVTOL) aircraft. The partnership combines Sarla Aviation’s urban air mobility plans with Tata Elxsi’s expertise in aerospace, […]

CW Bureau · Sep 1, 2026

STARTUP/TECHNOLOGY Avathon Establishes AI Centre Of Excellence In Bengaluru

Avathon, a leader in Autonomy for Operations, has established an AI Centre of Excellence (CoE) in Bengaluru, strengthening India’s role in its global AI innovation network. The centre will bring together AI scientists, engineers and technical leaders to advance Physical AI and frontier models for autonomous industrial systems across energy, mining and aerospace. The Bengaluru […]

CW Bureau · Aug 27, 2026

B HAL, Safran Sign Contract To Develop Aravalli Helicopter Turboshaft Engine

Hindustan Aeronautics Ltd (HAL) and Safran Helicopter Engines have signed a contract with SAFHAL Helicopter Engines Pvt. Ltd. for the design, development, manufacture, supply and lifecycle support of a new-generation high-power helicopter engine in the 3,500-4,000 shp class. Named Aravalli, the turboshaft engine has been selected to power HAL’s upcoming 13-ton Indian Multi-Role Helicopter (IMRH) […]

CW Bureau · Aug 26, 2026

STARTUP/TECHNOLOGY Jubilant Ingrevia To Buy 40% Stake In Zettaone Technologies For ₹189 Cr

Jubilant Ingrevia Ltd, a specialty chemicals manufacturer, has entered into a binding agreement to acquire a 40% strategic stake in Zettaone Technologies India Pvt Ltd for ₹189 crore, marking its entry into the electronics development and manufacturing services space. The acquisition will be completed in two tranches. The first tranche is expected to close by […]

CW Bureau · Aug 19, 2026