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 Uno Minda Plans ₹2,500-Cr Fund Raise, Fresh Investments In Arms

Uno Minda Ltd, a global technology leader in automotive components and systems manufacturing, has received board approval to raise up to ₹2,500 crore and increase investments in subsidiaries to support long-term growth and rising customer demand. The company said the proposed fund raising would be undertaken, as and when required, in one or more tranches […]

CW Bureau · May 17, 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

MANUFACTURING Unimech Aerospace To Buy Majority Stake In Hobel Bellows For ₹450 Cr

Bengaluru-based Unimech Aerospace and Manufacturing Ltd, an advanced engineering solutions provider, along with its wholly owned subsidiary Innomech Aerospace Toolings Pvt Ltd, has agreed to acquire Hobel Bellows Co for a consideration of ₹450 crore with a week, subject to customary closing conditions. Under the transaction structure, Unimech and Innomech will acquire 24% and 76% […]

CW Bureau · Apr 23, 2026

MANUFACTURING JSW Steel Named Worldsteel Sustainability Champion For 8th Year

JSW Steel Ltd has been recognised as a Sustainability Champion by the World Steel Association (worldsteel) for the eighth consecutive year. Worldsteel’s Sustainability Champions Programme honours member organisations that demonstrate a robust and consistent commitment to sustainable development. Eligibility criteria and framework To qualify, companies must meet three core criteria. First, they must provide verifiable […]

CW Bureau · Apr 18, 2026

AUTO Tata Motors Hits 10 Lakh Milestone At Lucknow Plant, Eyes Green Mobility

Tata Motors Ltd, India’s largest commercial vehicle manufacturer, has marked a defining milestone with the rollout of its 10 lakhth commercial vehicle from its Lucknow facility, commemorating more than three and a half decades of its presence in Uttar Pradesh. Milestone underscores green mobility push The milestone vehicle, a zero-emission electric bus, highlights the shared […]

CW Bureau · Apr 15, 2026

RETAIL/FMCG Valencia Beverages Young Team Navigates Strait Of Hormuz Crisis

Valencia Beverages and Superwater Pvt. Ltd (VSBW), a wholly owned subsidiary of Valencia Nutrition Ltd, has navigated the disruptions arising from the Strait of Hormuz crisis through a mix of supply chain preparedness, operational agility and strategic partnerships. As part of its business expansion, VSBW entered into a definitive agreement with Virchow Laboratories Ltd for […]

CW Bureau · Apr 14, 2026

STARTUP/TECHNOLOGY Digilogic Lays Foundation Stone For ₹59.68 Cr New Unit In Hyderabad

Digilogic Systems Ltd, a technology firm, has held the ground-breaking ceremony in Hyderabad for setting up a ₹59.68 crore state-of-the-art manufacturing facility under Project Udaan. Project Udaan reflects the company’s focus on building world-class manufacturing capabilities in India, with the upcoming facility expected to significantly enhance its production infrastructure and operational capacity. Strengthening manufacturing capabilities […]

CW Bureau · Apr 13, 2026

AUTO SPR Auto Technologies Renews Tech Pact With Fuji Oozx For Engine Valves

SPR Auto Technologies Ltd (formerly Shriram Pistons and Rings Ltd), a leading automotive components manufacturer, has executed a revised technical collaboration agreement with Fuji Oozx Inc of Japan for the supply of technical know-how and manufacturing support for engine valves in India. The renewed agreement has been extended for a further period of five years, […]

CW Bureau · Apr 4, 2026

AUTO Triton Valves Inks Seven-Year TPMS Supply Agreement With Aumovio

Triton Valves Ltd, a Bengaluru-based automotive components manufacturer, has entered into a seven-year project agreement with Aumovio Germany GmbH for the supply of tyre pressure monitoring system (TPMS) valves to its entities in India and overseas. The agreement marks a significant step in strengthening Triton Valves’ presence in the global automotive supply chain, particularly in […]

CW Bureau · Apr 4, 2026

MANUFACTURING CUMI To Wind Up AWUKO Abrasives GmbH Amid Persistent Losses

Murugappa group company Carborundum Universal Ltd (CUMI) has initiated steps to wind down its German step-down subsidiary, CUMI AWUKO Abrasives GmbH (CAAG), citing continued underperformance and mounting losses. The decision was approved by the Board of CUMI International Ltd (CIL), Cyprus, the holding company of CAAG, to proceed with a voluntary winding-up process under German laws. […]

CW Bureau · Mar 31, 2026