CEAT’s $225 Mn Power Move: Taking Over Camso’s Off-Highway Tyres and Tracks Business from Michelin
CEAT, an RPG Group company, has entered into a definitive agreement with Michelin to acquire the Camso brand’s Off-Highway construction equipment bias tyre and tracks business in an all-cash deal valued at approximately $225 million. The transaction includes the Camso business, which generated revenues of $213 million in 2023, along with two advanced manufacturing facilities […]
Amara Raja Infra Establishes India’s First Green Hydrogen Fuelling Station in Leh
Amara Raja Infra, part of the $2 billion Amara Raja Group, has successfully established India’s first green hydrogen fuelling station in Leh, Ladakh, for NTPC Ltd. This landmark project supports emission-free transport in the region and represents a major stride in advancing India’s green mobility initiatives under the National Hydrogen Energy Mission. Key Highlights Project […]
JSW One expands private brand portfolio with the launch of JSW One Concrete
Focuses on quality, on-time-in-full (OTIF) delivery to meet industry demands JSW One Platforms, the B2B e-commerce arm of the JSW Group, has launched JSW One Concrete, a ready-mix concrete solution tailored to address the growing needs of the construction sector. This addition strengthens JSW One’s private brand portfolio and underscores its focus on addressing challenges […]
JCB Opens New Construction Equipment Dealership In Hosur
JCB India Limited has announced the opening of the latest branch of its dealership, TRR Automotive, in Hosur, Krishnagiri district. Offering JCB India’s complete product portfolio, the state-of-the-art facility is designed to deliver technologically advanced construction and earthmoving equipment solutions to customers in the region. Spanning 13,500 sq. ft., the new JCB TRR Automotive branch […]
Tractor Sales Expected to Rise 8-10% During Festive Season: Escorts Kubota CFO
Tractor sales during this year’s festive season, spanning September to November, are projected to grow by 8-10%, driven by improved market sentiment following a good monsoon, according to Bharat Madan, Whole-Time Director and CFO of Escorts Kubota Ltd. Speaking to PTI, Madan noted that after a subdued first half of the fiscal year, the tractor […]
Mitsubishi Shipbuilding Launches LNG-Powered RO/RO Ship TRANS HARMONY EMERALD
Mitsubishi Shipbuilding, part of the Mitsubishi Heavy Industries (MHI) Group, recently christened and launched the TRANS HARMONY EMERALD, an LNG-powered roll-on/roll-off (RO/RO) vessel built for Toyofuji Shipping Co., Ltd. The ceremony took place at the Enoura Plant of MHI’s Shimonoseki Shipyard in Yamaguchi Prefecture. The ship will be delivered in June 2025 after outfitting and […]
Azad Engineering Secures ₹700 Cr Deal with Mitsubishi Heavy Industries
Azad Engineering has signed a Long-Term Contract and Price Agreement (LTCPA) with Mitsubishi Heavy Industries (MHI), Japan. The partnership involves supplying advanced rotating and stationary airfoils for gas and thermal power turbine engines, catering to MHI’s global power generation requirements. Valued at approximately $82.89 million (₹700 crore), this agreement marks a significant milestone in strengthening […]
Heavy Industries Ministry Revisits E-Truck Subsidy Plan, Advocates Domestic Production
In New Delhi, the Ministry of Heavy Industries convened a meeting to fine-tune its ₹500 crore e-truck subsidy under the PM E-drive scheme. The agenda included finalizing per-vehicle support and setting two-year rollout goals for e-trucks. Kamran Rizvi, Secretary of the Ministry, emphasized the importance of ramping up domestic production to reduce reliance on imports. […]
Mr. Bhupinder Singh, Chief Executive Officer, Messe Muenchen India
Empowering construction innovation at bauma CONEXPO INDIA 2024 bauma CONEXPO INDIA continues to drive innovation and collaboration in the construction machinery industry. The event creates connections through interactive zones, sustainability initiatives, and targeted discussions and empowers participants to explore groundbreaking solutions. – Mr. Bhupinder Singh, Chief Executive Officer, Messe Muenchen India How does bauma CONEXPO […]
Siemens Transform 2024 showcases tech powering digital transformation in industry and infrastructure.
At Transform – Innovation Day 2024, Siemens Limited, India recently showcased the company’s latest innovations, solutions and partnerships that accelerate the digitalization and sustainability transformation of industry, infrastructure and mobility sectors in India. The company conducted expert sessions on pertinent topics including, Industrial Metaverse, Digital Twin, Cybersecurity, Generative AI in manufacturing, AI for Datacentres, technology […]