CAPEX & FUTURE PLAN
Shilpa Pharma Lifesciences Secures CEP for Nifedipine API from EDQM Shilpa Pharma Lifesciences Limited, a wholly-owned subsidiary of Shilpa Medicare Limited, has been granted a Certificate of Suitability (CEP) by the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its Active Pharmaceutical Ingredient (API), Nifedipine. A CEP certifies that the API complies…
Havells India to Establish New Refrigerator Manufacturing Facility in Rajasthan Havells India Limited is enhancing its manufacturing capabilities by setting up a new refrigerator production facility in Ghiloth, Rajasthan. The new facility will have a proposed capacity of 1.4 million units. Operations are expected to commence by Q2 of FY 2027. The project involves an…
Waaree Energies Limited Q2 and H1 FY25 Financial Highlights Strong Q2 FY25 Performance:Waaree Energies Limited delivered robust financial results in the second quarter of FY25: Profit After Tax (PAT): The company achieved a 17.35% year-over-year (YoY) growth in PAT, reaching ₹3,756.59 million in Q2 FY25, compared to ₹3,201.21 million in Q2 FY24. EBITDA Growth: EBITDA…
PG Electroplast Partners with Spiro Mobility for Exclusive EV Manufacturing in India Key Responsibilities in the Partnership PG Technoplast Pvt. Ltd.: A subsidiary of PG Electroplast, PG Technoplast will establish and manage manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. They will also oversee procurement of parts and raw materials as per Spiro…
On November 16, 2024, Datamatics Global Services Ltd announced the incorporation of a wholly-owned subsidiary, Datamatics Global Services LLC-FZ, in the Meydan Free Zone, Dubai, UAE. Established on November 15, 2024, the subsidiary has an initial share capital of AED 50,000. As a wholly-owned entity, it is classified as a related party of Datamatics Global…
Haridwar, November 2024: Wonder Electricals Limited (WEL) has announced plans to expand its manufacturing capabilities by introducing a new plastics range of Table, Pedestal, and Wall (TPW) fans at its Haridwar facility. This marks a strategic move to capitalize on growing market demand and reduced imports in this segment. Key Highlights New Capacity: The Haridwar…
Deepak Nitrite Limited is a diversified producer of chemical intermediates for industries such as colorants, life sciences, plastics, and construction chemicals. It operates responsibly certified facilities across India and is a member of the Together for Sustainability initiative. Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has entered into definitive agreements…
On November 12, 2024, Adani Enterprises’ subsidiaries signed a Joint Venture Agreement with Eurotunnel JV INC., establishing a new free zone company (“JV Company”) in the UAE. This JV will operate in France and other agreed territories. Key Participants Mumbai Travel Retail Private Limited (MTRPL): A subsidiary of Adani Enterprises. Ospree International FZCO (Ospree): MTRPL’s…
Reliance Industries Ltd (RIL) is set to invest Rs 65,000 crore over the next five years to establish 500 compressed biogas (CBG) plants across Andhra Pradesh. This marks RIL’s largest investment outside Gujarat and is part of its renewable energy push. Each of these plants will require an investment of Rs 130 crore and will…
Gujarat Ambuja Exports Limited (GAEL) announced on November 11, 2024, that it has received Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change of India for the construction of a new ethanol plant. The 180 KLPD (kiloliters per day) Greenfield Grain-Based Extra Neutral Alcohol and Ethanol Plant will be established in Malda,…