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Manufacturing

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

Tata Motors sells majority stake in Norwegian cleantech engineering firm to Electrovaya

Manufacturing

12 September, 2012

Tata Motors sells majority stake in Norwegian cleantech engineering firm to Electrovaya

Canadian stock exchange-listed Electrovaya Inc. has acquired 71.6 per cent stake in Norwegian cleantech engineering firm Miljobil Grenland A.S. (MBG), ......

ONGC Videsh picks stake in Caspian Sea oil & gas block, pipeline for $1B

Manufacturing

11 September, 2012

ONGC Videsh picks stake in Caspian Sea oil & gas block, pipeline for $1B

State-run Oil and Natural Gas Corporation of India Ltd's subsidiary, ONGC Videsh Ltd (OVL), will acquire 2.72 per cent participating ......

Union Govt to divest 10% stake in NMDC

Manufacturing

07 September, 2012

Union Govt to divest 10% stake in NMDC

In what seems to be a desperate measure by the Department of Disinvestment in the finance ministry, the Centre has ......

Mahindra Ugine sells 49% of steel biz to Japan's Mitsui, Sanyo for $39M

Manufacturing

07 September, 2012

Mahindra Ugine sells 49% of steel biz to Japan's Mitsui, Sanyo for $39M

Mahindra Ugine Steel Company Ltd (Musco) has completed the sale of 49 per cent stake in its steel business to ......

Amtek India raises $70M through FCCBs

Manufacturing

07 September, 2012

Amtek India raises $70M through FCCBs

Auto component-maker Amtek India Ltd has raised $70 million (Rs 390 crore) through foreign currency convertible bonds (FCCBs), as per ......

PE-backed Dalmia Bharat Enterprises to hike stake in promoter group's sugar biz

Manufacturing

11 September, 2012

PE-backed Dalmia Bharat Enterprises to hike stake in promoter group's sugar biz

A year and half after demerging the cement and power business into a separate listed firm Dalmia Bharat Enterprises Ltd, ......

Mount Kellett leads $73M equity infusion in Jain Irrigation

Manufacturing

05 September, 2012

Mount Kellett leads $73M equity infusion in Jain Irrigation

Jain Irrigation Systems Ltd is raising $73 million (Rs 405 crore) through an issue of equity shares to Mount Kellett ......

JSW Steel-JSW Ispat merger to create largest Indian steelmaker, but what about value, ask analysts

Manufacturing

05 September, 2012

JSW Steel-JSW Ispat merger to create largest Indian steelmaker, but what about value, ask analysts

JSW Steel scrip dropped 3.65 per cent on Monday after it announced a self-merger with its associate firm JSW Ispat ......

Suzlon appoints former bureaucrat Rohit Modi as CEO for India & emerging markets

Manufacturing

04 September, 2012

Suzlon appoints former bureaucrat Rohit Modi as CEO for India & emerging markets

Wind turbine maker Suzlon has appointed Rohit Modi as CEO for India and emerging Markets, according to a company statement. ......

Blackstone invests $44M in S.H. Kelkar & Co

Manufacturing

04 September, 2012

Blackstone invests $44M in S.H. Kelkar & Co

Private equity major Blackstone Group has said that it is investing Rs 243 crore ($44 million) in S.H. Kelkar & ......

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