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

STARTUP/TECHNOLOGY AXISCADES Initiates Voluntary Liquidation Of German Entity

AXISCADES Technologies Ltd has initiated the voluntary solvent liquidation of its wholly owned German step-down subsidiary, add-solution GmbH, as the company seeks to exit its remaining automotive engineering services exposure and improve earnings quality. The members’ resolution for liquidation was adopted on September 24, 2026, with the dissolution becoming effective from September 25, 2026, following […]

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 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

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 Cochin Shipyard To Form JV With DDW, Dubai For Ship Repair Facility

Cochin Shipyard Ltd (CSL) will form a 50:50 joint venture with DDW to own, operate and manage its International Ship Repair Facility (ISRF) at Willingdon Island, Kochi. The joint venture company will be incorporated as a private limited company under the Companies Act, 2013, with its registered office in Kochi. It will not be listed […]

CW Bureau · Sep 9, 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

GENERAL Adani Group’s Vande Bharatam Picks 1st Cohort From 26,000 Applications

Adani Group’s Vande Bharatam, the grassroots innovation and entrepreneurship, has selected its inaugural cohort from more than 26,000 applications across India. The cohort brings together innovators from diverse regions and backgrounds with a focus on solving national challenges and building enterprises with wider impact. Initiative seeks to widen access Vande Bharatam is built on the […]

CW Bureau · Aug 9, 2026

INFRASTRUCTURE HAL Charts ₹14,000-Cr Capex To Expand Production, MRO Capacity

India’s Maharatna defence company Hindustan Aeronautics Ltd (HAL) has drawn up a capital expenditure plan of ₹14,000 crore over the next five years to expand manufacturing capacity and strengthen its maintenance, repair and overhaul (MRO) infrastructure. The planned investment will primarily be directed towards expanding manufacturing facilities and establishing repair and overhaul capabilities for various […]

CW Bureau · Aug 4, 2026

MANUFACTURING Sunita Tools, Polish Defence Co. Sign MoU For Drone Manufacturing JV

Sunita Tools Ltd has entered into a Memorandum of Understanding (MoU) with a Polish defence company to collaborate on the research, design, development and manufacture of ISR drones, loitering ammunition and smart drone ammunition. The collaboration envisages the formation of a joint venture in India, with Sunita Tools holding a majority stake. The MoU is […]

CW Bureau · Jul 30, 2026