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Manufacturing

Stay informed on news, industry trends, funding, and policies shaping the future of the manufacturing sector in India.

ABG Shipyard heads to junkyard as NCLT orders liquidation

Manufacturing

01 May, 2019

ABG Shipyard heads to junkyard as NCLT orders liquidation

A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......

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Former Reliance Capital exec's hedge fund bets on top sanitaryware maker

Manufacturing

30 April, 2019

Former Reliance Capital exec's hedge fund bets on top sanitaryware maker

A homegrown hedge fund focussed on public equity markets has picked up a minority stake in India’s largest sanitaryware...

Neogen Chemicals gets strong investor response as IPO covered 41 times

Manufacturing

26 April, 2019

Neogen Chemicals gets strong investor response as IPO covered 41 times

Speciality chemicals maker Neogen Chemicals Ltd's initial public offering (IPO) was subscribed 41 times on the third and final...

Texmaco Rail to buy Simplex Castings' steel foundry for $12.5 mn

Manufacturing

26 April, 2019

Texmaco Rail to buy Simplex Castings' steel foundry for $12.5 mn

Texmaco Rail and Engineering Ltd on Friday said its board has approved the acquisition of a steel casting foundry of ......

Essar Steel lenders dig in their heels against StanChart, operational creditors

Manufacturing

26 April, 2019

Essar Steel lenders dig in their heels against StanChart, operational creditors

Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal...

Speciality chemicals maker Neogen Chemicals' IPO fully subscribed on day 2

Manufacturing

25 April, 2019

Speciality chemicals maker Neogen Chemicals' IPO fully subscribed on day 2

Speciality chemicals maker Neogen Chemicals Ltd's initial public offering (IPO) was fully subscribed on the second day led...

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

Manufacturing

24 April, 2019

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has...

Neogen Chemicals' IPO crosses one-fourth mark on first day

Manufacturing

24 April, 2019

Neogen Chemicals' IPO crosses one-fourth mark on first day

The initial public offering (IPO) of speciality chemicals maker Neogen Chemicals Ltd crossed the one-fourth mark on the first...

Neogen Chemicals raises $5.7 mn from anchor investors ahead of IPO

Manufacturing

23 April, 2019

Neogen Chemicals raises $5.7 mn from anchor investors ahead of IPO

Speciality chemicals maker Neogen Chemicals Ltd has raised Rs 39.70 crore ($5.7 million) from anchor investors ahead of its initial...

Mcleod Russel to divest assets of three more tea estates

Manufacturing

22 April, 2019

Mcleod Russel to divest assets of three more tea estates

Tea plantation company Mcleod Russel India Ltd on Monday said it would sell three of its tea estates, adding to ......

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