Manufacturing Facilities

Mahindra and Mahindra (M&M) and Ford could be in preliminary talks of an alliance whereby they are eyeing three areas of collaboration.

Delta Introduced PMH Panel Mount Power Supply Series for Household Applications

Delta Electronics, Inc., a global leader in thermal and power management solutions extended its PMH panel mount power supply series with a higher ...

Walmart presses suppliers to share benefits of cheaper yuan

The company is telling suppliers that they should pass on the savings arising from the yuan devaluation so Wal-Mart can achieve EDLC, or "everyday low cost," its term for the tight cost controls needed to keep prices low for consumers, according to executives at two vendors of durable goods, who also requested anonymity.

Suzlon bags 105 MW turnkey contracts from SMEs, PSUs

"Suzlon has been awarded orders for a combined capacity of 105 MW from a mix of SME and PSU customers, on turnkey basis, in this quarter," the company said in a statement. Under the contracts, Suzlon will install a total of 50 turbines of 2.1 MW product platform in the key windy states, it said.

Reliance Group to set up Rs 6,500 cr aerospace proj in MP

The land allotment letter was handed over to Reliance Aerostructure Ltd, the defence arm of Reliance Group, at a ceremony here which was attended by Maharashtra Chief Minister Devendra Fadnavis and Anil Ambani. Union Minister Nitin Gadkari was also present on the occasion.

Mylan gets warning letter from USFDA for lapses at 3 units

The US regulator said its inspectors found "significant violations" in the three manufacturing facilities in Bengaluru of the company, which is an arm of US-based Mylan Inc

No urgent plan for FDI in coffee, rubber plantation: Govt

At present, 100 percent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation sector or activity.

Uflex Extends Support to SSFL for the Next Five Years

Company’s flagship CSR ...

Asian Paints to double Rohtak plant capacity to 4 lakh KL

Asian Paints' current paint capacity in India is around 10 lakh KL per annum, with paint manufacturing facilities at Patancheru (Telangana), Kasna (Uttar Pradesh), Khandala (Maharashtra), Rohtak (Haryana), Sriperumbudur (Tamil Nadu) and Ankleshwar (Gujarat).

Tata Chemicals Q1 net plunge 13% at Rs 153.04 cr

Total income increased to Rs 4,079.37 crore in the first quarter of 2015-16 fiscal from Rs 3,871.37 crore in the same period of previous fiscal.

Adani Ent rallies further on Foxconn buzz, up over 9%

Shares of Adani Enterprises surged over 9 percent, extending its rally for the second straight session, after Taiwan-based Foxconn, which makes iPhone, iPad and other Apple products, said it's in talks with the Adani group to set up manufacturing factories in India.

Britannia to bring 'new to India' products; up mkt share:MD

Varun Berry, MD, Britannia Industries said for the current fiscal total investment would be north of Rs 400 crore and there would be substantial amount of investments going into manufacturing facilities.

HFCL Q1 net profit jumps 62% to Rs 112 cr

Himachal Futuristic Communications Ltd (HFCL) had posted net profit of Rs 69.47 crore in the same period a year ago.

Intex may invest Rs 300 crore to double revenues in FY16

The company roped in Tollywood actor Mahesh Babu as its brand ambassador for Andhra Pradesh and Telangana. Keshav Bansal, director Intex said they will be investing Rs 1500 crore in an upcoming plant at Greater Noida, and Research and Development in the next three years.

US court rejects Glenmark's patent plea for Finacea

The US District Court of Delaware at Wilmington, has said that claims of Bayer Healthcare Pharmaceuticals Inc, Intendis and Intraserv's litigation for Bayer's Finacea, a gel for treating the common skin condition rosacea against Glenmark is valid.

Nocil Q1 net profit rises 66.23% to Rs 16.74 crore

The company's net profit stood at Rs 10.07 crore in the same quarter last year, Nocil said a filing to the BSE.

Adani Group inks pact to set up 10,000 MW solar park in Raj

The proposed park will include generation projects and a large manufacturing unit for solar module, parts and equipments. The company has also set a target of 10,000 MW of solar power capacity by 2022.

SSIPL Retail gets Sebi nod to float IPO

Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on May 25, which is necessary for companies to launch any public offer. This is the company's second attempt to hit the capital market.

Need to move towards plastic currency: Arun Jaitley

Arun Jaitley was speaking at a conference on 'Make in India - Indigenisation of Currency' here. The minister said that the country needed to get rid of "obsolete methodologies" and catch up with the technologies of future to promote industrialisation and create jobs.

Tata Coffee Q4 net jumps 2-fold at Rs 39.42 crore

The company had clocked a net profit of Rs 16.32 crore in the same quarter in 2013-14. Total income during the January-March quarter of 2014-15 increased to Rs 450 crore from Rs 397 crore in the same period in 2013-14 fiscal, the company said in a BSE filing.

Oricon buys 70% of Oriental Containers for Rs 105 crore

Oricon Enterprises has a consolidated turnover of nearly Rs 1,000 crore and is engaged through its subsidiaries in the business of marine logistics, packaging, automobile distribution and petrochemicals.

Lumax sees M&M's one source strategy boosting revenues

M&M's one source strategy gives an opportunity to leverage all other product lines of Mahindra, said Deepak Jain of Lumax Industries.

L&T E&A aims at Rs 5,000 cr revenue this year

E&A has eight manufacturing facilities in Middle East, Europe, Asia and the Pacific, apart from six facilities in India, L&T Senior Vice President and E&A Business Head S C Bhargava said.

Considering new production units overseas: Tata Motors

Tata Motors (TML) will consider setting up manufacturing facilities in various overseas countries as it looks to expand its global presence.

BSNL mulls leasing out factories to private companies

In an effort to garner revenues, loss-making PSU BSNL is mulling a revival in the fortunes of seven of its manufacturing facilities through tie-ups with private telecom players.