Man Industries Wins ₹600 Crore Pipe Supply Orders; Order Book Hits ₹4100 Crore
Man Industries (India) Ltd has secured new pipe supply orders worth approximately ₹600 Crore from a mix of domestic and international clients. These orders, deliverable within nine months, have propelled the company's total unexecuted order book to ₹4,100 Crore.
Steel Exchange India Signs 4-Year MoU With NMDC for Iron Ore Fines Supply
Steel Exchange India Limited has executed a Memorandum of Understanding with NMDC Limited to establish a framework for iron ore fines procurement. The four-year agreement focuses on sourcing high-grade material from NMDC’s upcoming facility in Visakhapatnam to power the company's integrated steel manufacturing operations.
NALCO Partners With EGA for 0.5 MTPA Aluminium Smelter Expansion in Odisha
National Aluminium Company Limited (NALCO) has signed a Technology Licensing Agreement with Emirates Global Aluminium (EGA) to deploy DX+ Ultra smelting technology. This partnership supports a 0.5 MTPA brownfield expansion at the Anugola smelter in Odisha, aimed at doubling the facility's total capacity.
Tembo Global Industries Signs ₹545 Cr MoU with Lachaussee SA for Ammunition Production
Tembo Global Industries has entered a strategic partnership with Belgium-based Lachaussee SA to establish an advanced ammunition production facility in India. The project, valued at approximately ₹545 crore, marks a major step in the company's diversification into the high-growth defense manufacturing sector.
Kataria Industries to Raise ₹63.60 Crore via Preferential Issue; Declares ₹0.50 Dividend
Kataria Industries has approved a preferential allotment of 60 lakh equity shares to raise ₹63.60 crore from six non-promoter investors. The board also recommended a ₹0.50 per share dividend and authorized a capital hike to ₹30 crore to support expansion.
Karbonsteel Engineering Secures ₹67.14 Cr Order for Prefabricated Steel Structures
Karbonsteel Engineering Limited has bagged multiple purchase orders aggregating to ₹67.14 crore for the supply of prefabricated steel structures. The orders originate from India's largest diversified conglomerate and are scheduled for completion by March 2027.
Goodluck India Subsidiary to Invest ₹500 Cr to Triple Defence Shell Production
Goodluck India Limited's subsidiary is significantly scaling its defence manufacturing capabilities with a ₹500 crore investment. The expansion project aims to nearly triple the production of empty shells to meet rising demand in the aerospace and defence sectors.
Goodluck India Subsidiary to Raise ₹285 Crore for Defense and Aerospace Expansion
Goodluck India's subsidiary, Goodluck Defense and Aerospace Limited, has approved a capital infusion of approximately ₹285 crore through a preferential and private placement of equity shares. This strategic fund raise targets non-promoter investors to bolster the subsidiary's financial position for its specialized defense operations.
Tembo Global Industries to Start UAV Component Production; Targets ₹100 Cr Revenue
Tembo Global Industries has announced that its strategic joint venture, JR UAV Limited, will begin manufacturing specialized Unmanned Aerial Vehicle (UAV) components at its Kashidkopar facility. The production, slated to start within 90 days, will fulfill international orders received by JR UAV Italy, marking the company's entry into the high-technology aerospace value chain.