INFRASTRUCTURE CG Power Expands EHV Switchgear Capacity With New Nashik Facility

Murugappa Group company CG Power and Industrial Solutions Ltd (CG) has commenced manufacturing operations at its new extra high-voltage (EHV) switchgear facility, S3 Unit-II, in Nashik, significantly enhancing its ability to cater to the growing demand for power transmission equipment in India and overseas markets. The ₹39.49 crore new facility, located alongside the company’s existing […]

CW Bureau · Jun 4, 2026

MANUFACTURING Tata Steel Raises Capex To ₹20,000 Cr In FY27 For Capacity Expansion

Tata Steel Ltd, one of India’s largest steel producers, plans to increase capital expenditure to about ₹20,000 crore in FY27, with more than 60% of the investment earmarked for India, as the company accelerates capacity expansion, strengthens its value-added product portfolio and advances its long-term growth strategy. The steel major spent ₹14,559 crore on capital […]

CW Bureau · Jun 3, 2026

INFRASTRUCTURE Ramco Cements Says Tamil Nadu Levy Impacts Raw Material Costs

Leading cement manufacturer Ramco Cements Ltd (RCL) said rising fuel, gypsum, diesel and packaging material costs are expected to exert pressure on margins in FY27, even as cement prices have started improving from April 2026. RCL reported nearly fivefold rise in standalone net profit for the March quarter at ₹146 crore, aided by improved cement […]

CW Bureau · May 23, 2026

MANUFACTURING CUMI Eyes Expansion, Advanced Materials For Aspiration 2030 Growth

Carborundum Universal Ltd (CUMI), a Murugappa Group company engaged in abrasives, ceramics, electro-minerals and refractories, is accelerating investments in capacity expansion, advanced materials and new-age technologies as part of its “Aspiration 2030” growth strategy aimed at building new revenue engines over the next five years. The company said the first year of the Aspiration 2030 […]

CW Bureau · May 22, 2026

AUTO Pricol Sees Earnings Pressure Amid Rising Commodity, Logistics Costs

Pricol Ltd, a leading automotive technology and precision-engineered components manufacturer, will continue with its planned investments, technology development and capacity expansion despite mounting geopolitical and commodity-related pressures impacting the automotive sector globally. The Coimbatore-based firm will remain focused on its medium- and long-term growth strategy and will not scale back critical capital expenditure or research […]

CW Bureau · May 19, 2026

AUTO Apollo Tyres Sets Aside ₹3,500-Cr Capex For FY27 Expansion

Apollo Tyres Ltd has outlined a capital expenditure plan of ₹3,500 crore for FY27, of which ₹3,000 crore has been earmarked for expanding truck and passenger vehicle tyre manufacturing capacities in India. “For FY27, we have outlined a capex of ₹3,500 crore, with nearly 80% towards growth and capacity expansion projects. Close to ₹3,000 crore […]

CW Bureau · May 18, 2026

MANUFACTURING Raymond Lines Up ₹930-Cr Capex In Aerospace, Precision Engg Verticals

Raymond Ltd plans to invest around ₹930 crore over the next five years across its core business — aerospace and precision engineering businesses to capitalise on rising global demand and expand manufacturing capabilities. The investments will be routed through its subsidiaries — JK Maini Global Aerospace Ltd and JK Maini Precision Technology Ltd — with […]

CW Bureau · May 13, 2026

MANUFACTURING Shree Cement Cuts Capex On Lower Demand, Aims 80 MT Volume By ’29

Shree Cement Ltd (SCL), India’s third largest cement group, has slowed its capital expenditure plans to ₹1,500 crore amid subdued demand conditions, though it remains committed to expanding capacity to 80 million tonnes by 2029. Managing Director Neeraj Akhoury said during the analysts call that the company intends to “ride the wave” amid the current […]

CW Bureau · May 12, 2026

STARTUP/TECHNOLOGY Crestchem Treads Cautiously On Bengaluru Arm Due To Ongoing War

Crestchem Ltd is proceeding cautiously with its proposed expansion into a new start-up venture, citing the current turbulent global environment driven by ongoing war-related uncertainties. The company had earlier announced plans to incorporate a Bengaluru-based subsidiary, Oleo Bioscienses Pvt Ltd, with an initial capital of ₹10 lakh to strengthen its presence in the specialty chemicals […]

CW Bureau · May 2, 2026

INFRASTRUCTURE Adani Pitches Worker-Centric Growth Strategy Backed By Capex Push

Adani Group Chairman Gautam Adani has outlined a growth strategy centred on worker welfare, local employment and entrepreneurship, as the conglomerate accelerates capital expenditure backed by strong liquidity. Addressing employees on International Labour Day, he said the Group, which operates more than 700 assets across 24 States and engages nearly 400,000 employees, partners and contractors, […]

CW Bureau · May 2, 2026

AUTO Sundram Fasteners Reports Record Q4 Net Profit And Income For FY26

Sundram Fasteners Ltd (SFL) has reported its highest-ever standalone net profit and total income for the March quarter of FY26 at ₹180 crore and ₹1,529 crore respectively, registering a growth of 34% and 12% over the year-ago period, driven by robust domestic demand and improved efficiencies. Domestic sales grew 14% to ₹1,029 crore, while exports […]

CW Bureau · May 1, 2026

INFRASTRUCTURE Reliance Consolidated Q4 Net Down 8% To ₹20,616 Cr, Income Up 13%

Reliance Industries Ltd reported an 8% decline in consolidated net profit at ₹20,616 crore for the March quarter of FY26, impacted by a challenging global energy environment and lower upstream output. Revenue from operations rose 13% to ₹3,25,920 crore, driven by strong double-digit growth across oil-to-chemicals (O2C), digital services and retail businesses. Capital expenditure during […]

CW Bureau · Apr 24, 2026