Manufacturing Financial News

Zetwerk Manufacturing on Thursday said it has received a solar module supply order from state-owned NTPC for its Gujarat project. The order is for the manufacturing and supply of 1,515 MWp (megawatt peak) of (Approved List of Models and Manufacturers) ALMM-compliant 'Made in India' solar PV modules, including mandatory spares, for the 1,200 MW Khavda Solar project, the company said in a statement.

Subscribe to enjoy similar stories. They say if there’s ever a Silicon Valley Mount Rushmore, the first face to be chiselled into stone would be that of Gordon Moore. The Intel co-founder’s famous prediction about the rate at which semiconductors would improve has been the bedrock of US technology leadership.

Sabyasachi Majumdar, Senior Director, Care Ratings, says one of the beneficiaries of the new National Electricity Plan would be the transmission companies.There will be a lot of projects for them to take up. But apart from that, the beneficiaries will be the suppliers to the transmission network, which will basically be the equipment manufacturers, people who make the lines, conductors, cables, transformation equipment, switchyards, and switchgears, plus the EPC contractors who are going to string up all these lines and set up all these capacities. So, it will have a broad-based impact across the large segment of the electrical engineering industry. Is the National Electricity Plan really a fresh announcement coming in or is this something that was budgeted for and talked about already and you guys were factoring it in the capex lined up for the coming years? Sabyasachi Majumdar: The power demand has been fairly buoyant after the recovery from COVID and it has been growing at a high single digit. Basically, it can be considered a continuation of the current trend. Right now, peak demand is somewhere around 250 gigawatt and the government expects it to go up to about 458 gigawatt up to 2032, which basically represents CAGR of about 7% to 8% per annum, which is more or less in line with what we have been seeing in the past. So, it is pretty much based on that.

fabrication unit to be set up in India as a result of the agreement between New Delhi and Washington during PM Narendra Modi’s recent visit to the US will roll out chips that will cater to the national security needs of the two countries. As per a TOI report, the new plant, likely to come up in Uttar Pradesh’s Jewar, near the upcoming international airport, will supply advanced chips to the US armed forces, allied militaries and Indian defence forces. The cutting-edge semiconductor plant will produce chips for advanced warfare technologies, including night vision devices, missile-seekers, space sensors, drones, fighter jets, electric vehicles, military communications, radars and jammers, says the report.

Subscribe to enjoy similar stories. In 2024, India has taken the lead in global IPO volumes, with 178 companies debuting on the stock market. In the first half of 2024 alone, India accounted for 25% of global IPO activity.

Subscribe to enjoy similar stories. Alternative energy is exploding—literally. Lithium battery fires are breaking out on highways and in factories, home garages and storage rooms.

India faces a significant burden from increasing cases of orthopedic disorders due to an aging population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopedic devices market is set to grow at a compound annual growth rate (CAGR) of around 5% through 2033, forecasts GlobalData, a data and analytics company.

SME IPO of Sahasra Electronic Solutions has opened for subscription and closes on September 30, Monday. The company aims to raise nearly Rs 31.10 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue:

IPO of Divyadhan Recycling Industries will open for subscription today and will close on Monday, September 30. The company aims to raise nearly Rs 24 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

US economy is now becoming the biggest topic for both the US Presidential candidates, Donald Trump and Kamala Harris, as both of them are attacking each other on their respective economic plans. Harris, in her interview with MSNBC, has now thrown an allegation at Trump, stating that his economic plans could easily bring the US economy at the brink of a devastating recession. This is a rather scary statement for the Americas, as US recession fears are continuing to linger on, which has affected the stock markets as well, and has forced the US Fed Reserve to issue a whopping 50 bps interest rate cut to slow down the impending recession.

Vice President Kamala Harris is pledging to build an economy that is both pro-business and helps the middle class as she pushes back against Republican nominee Donald Trump’s claims that she’s advancing “communist” ideas

New Jersey has hit pause on an offshore wind energy project that is having a hard time finding someone to manufacture blades for its turbines

OneSource, a TPG Growth-backed specialty pharma contract development and manufacturing organisation (CDMO), are in discussions with a clutch of investors including White Oak Capital, Swiss fund HBM Healthcare Investments, Tybourne Capital and 360 ONE, to raise about $200 million (₹1,670 crore), said sources. OneSource (formerly Stelis Biopharma), promoted by Strides Pharma and its promoter Arun Kumar, got demerged from Strides Pharma, and renamed as OneSource last year. The company will now seek final approval from the NCLT for the demerger, and listing approvals from BSE and NSE. The company expects listing in the next 12 months. In September 2023, the board of directors of Steriscience Specialties, Strides and OneSource Specialty Pharma (formerly Stelis Biopharma) proposed to combine the CDMO business of Strides and Steriscience under OneSource.

Make In India initiatives, the Ministry of Renewable said. Furthermore, 48 GW of fully or partially integrated solar PV module manufacturing projects are currently under implementation under the solar PLI scheme, the ministry said as «Make in India» initiative of Government of India completes 10 years, Union Minister for New and Renewable Energy Pralhad Joshi posted on X " India's renewable energy sector has contributed immensely to the #10YearsOfMakeInIndia. From PLI to VGF, we are extending all possible support to our domestic industries. We are committed to establishing India as a major global player in the complete value chain of clean energy solutions."

Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy. Prime Minister Narendra Modi in a post on X stated that Make in India has led to a rise in exports in different sectors, building capacities and strengthening economy.

Donald Trump makes his closing economic argument before the election, he is outlining a vision for a manufacturing renaissance that reprises a familiar pitch: Make goods in America and enjoy low taxes, or face punishing tariffs. Trump's pitch combines the type of carrots-and-sharp-sticks approach that he called «America First» during his first term, when he imposed stiff tariffs on allies and competitors while lowering taxes on American firms. During a speech in Savannah, Georgia, on Tuesday, Trump suggested he would go far beyond that initial approach and adopt what he rebranded a «new American industrialism.»

Avtar & Seramount BCWI – MICI Study has revealed. Findings from the 9th edition of ‘Best companies for women in India (BCWI)’ listing announced by workplace culture consulting company Avtar show that average women representation across industries today is at 36.6% and close to 40% at entry level. Sectors like professional services are close to gender balance with 46% women while manufacturing reported a gender ratio of 20%, an indication of intensifying efforts. GCCs report the lowest attrition rate of women at 10%, the report found while FMCG is the best at retaining women in leadership with the attrition rate of women at 2.6% vis-à-vis men’s attrition rate at 7%.

A strike at the South Korean group's plant near the city of Chennai has entered its third week, with more than 1,000 workers disrupting operations and demanding higher wages and union recognition at the plant. The minister has urged the state government to intervene for an «early and amicable» resolution, the source told Reuters.

Waaree Energies, a leading manufacturer of solar photovoltaic (PV) modules in India, is set to launch its initial public offering (IPO) in October. The company received final regulatory approval from the Securities and Exchange Board of India (Sebi) on September 20, 2024, allowing it to proceed with its ambitious fundraising plans.

defence production hit a record high of Rs 1.27 lakh crore in 2023-24, with the country exporting military hardware to over 90 nations, Defence Minister Rajnath Singh announced on Wednesday. The milestone aligns with the 10th anniversary of the 'Make in India' programme under the NDA government. Started under Prime Minister Narendra Modi, this initiative aimed to achieve self-reliance across various sectors, including defence. Singh noted, «Ten years since then, many reforms have been made in every sector including the defence sector. India is rising on the defence industrial landscape of the world.» In recent years, several measures were taken to promote domestic defence manufacturing, focusing on enhancing military preparedness, particularly along the China border. Defence exports surpassed Rs 21,000 crore for the first time in 2023-24. The ministry targets increasing this to Rs 50,000 crore within five years.

Hindustan Aeronautics (HAL) has sanctioned TimeTooth Technologies to develop and supply Rotor Damper systems for the Advanced Light Helicopter (ALH Dhruv) and Light Combat Helicopter (LCH Prachand) programmes. ALH-Dhruv is an indigenously developed utility aircraft by HAL with a twin-engine and has a multi-role, multi-mission dimension to it. The HAL Prachand is an Indian multi-role light attack helicopter designed and manufactured by HAL under Project LCH. A Bengaluru-based engineering solutions company, TimeTooth Technologies has been at the forefront of developing mission-critical systems in the Defence, Aerospace and Medical sectors. It boasts of achievements like design and development of India’s first aircraft passenger seat, indigenously designed and developed landing gear systems for ISRO’s ambitious Reusable Launch Vehicle experiment, energy absorbing seats for helicopters and combat vehicles.