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Manufacturing

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

Japan's JFE may form electromagnetic steel sheet joint venture with JSW

Manufacturing

07 May, 2021

Japan's JFE may form electromagnetic steel sheet joint venture with JSW

Japan's second-biggest steelmaker JFE Holdings Inc said on Friday it will study feasibility of forming a joint venture with...

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Manufacturing

06 May, 2021

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Auto components major Bharat Forge Ltd has fully acquired a group company which will buy stressed Sanghvi Forging & Engineering...

ChrysCap-backed Safex Chemicals buys Shogun in second acquisition

Manufacturing

05 May, 2021

ChrysCap-backed Safex Chemicals buys Shogun in second acquisition

Agrochemicals company Safex Chemicals India Ltd has bought Mumbai-based Shogun Organics Ltd, marking its second acquisition so...

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KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea

Manufacturing

04 May, 2021

KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea

A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company...

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Kotak Special Situations Fund sitting on 2x gains from Jindal Stainless bet

Manufacturing

23 April, 2021

Kotak Special Situations Fund sitting on 2x gains from Jindal Stainless bet

Kotak Special Situations Fund (KSSF) has doubled the value of its investment in Jindal Stainless Limited one year four months...

Fairfax India to exit Privi Speciality Chemicals

Manufacturing

23 April, 2021

Fairfax India to exit Privi Speciality Chemicals

Fairfax India Holdings Corporation, an investment platform created by Indian-origin Canadian investor Prem Watsa, will sell its...

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Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

Manufacturing

19 April, 2021

Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......

JC Flowers ARC emerges top bidder for Sathavahana Ispat but lenders seek better offer

Manufacturing

12 April, 2021

JC Flowers ARC emerges top bidder for Sathavahana Ispat but lenders seek better offer

Eight Capital-backed JC Flowers Asset Reconstruction Company has emerged as the highest bidder for stressed maker of pig iron...

Cabinet approves incentives for solar panel, white goods production

Economy

08 April, 2021

Cabinet approves incentives for solar panel, white goods production

India's cabinet on Wednesday approved production-linked incentives for the manufacturing of high-efficiency solar panels and...

JSW Steel completes purchase of Welspun unit

Manufacturing

01 April, 2021

JSW Steel completes purchase of Welspun unit

Billionaire Sajjan Jindal-owned JSW Steel has completed the acquisition of Welspun Corp’s steel plates and coil mills division...

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