Author: MM Desk

Godavari Biorefineries Ltd, a leading producer of ethanol and bio-based chemicals in India, has taken a significant step towards raising capital by filing preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor, as outlined in the draft red herring prospectus (DRHP). Private equity firm Mandala Capital AG Ltd, one of the company’s investors, will be offloading 49.27 lakh shares through the OFS route. The…

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GE Vernova Inc, a leader in global energy solutions, announced the successful completion of the sale of its conventional island equipment manufacturing and related services for nuclear power plants to EDF. This division, now renamed Arabelle Solutions, will continue to cater to the international market outside of the Americas, handling both new nuclear power installations and the maintenance and upgrades of existing facilities. Scott Strazik, CEO of GE Vernova, remarked on the milestone, “This transaction marks a significant step in our ongoing strategy to focus on core services and advance in nuclear technology, particularly in small modular reactors. I’m grateful…

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Bajaj Auto has unveiled a new, budget-friendly electric scooter, the Chetak 2901, to add to their existing Chetak lineup. This new variant starts at ₹95,998 (ex-showroom, Bangalore) and boasts a practical range of 123 kilometers (ARAI-certified), making it ideal for daily commutes. The Chetak 2901 features a sturdy metal body and comes in a variety of colours to suit your taste, including red, white, black, lime yellow, and azure. It also includes some technological advancements like a coloured digital console, alloy wheels, and Bluetooth connectivity. Bajaj’s expanded Chetak portfolio caters to a wider range of riders. The Chetak 2901 is…

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SUN Mobility and IndianOil join forces to create India’s largest battery swapping network by 2030. This ambitious plan aims to install over 10,000 swapping stations in 40 cities within the next three years. This widespread network will provide a convenient “Battery as a Service” option, accelerating the adoption of electric two-wheeler, three-wheeler, and even small four-wheeler use. SUN Mobility currently operates a network of over 630 stations and 50,000 smart batteries across 20 Indian locations, serving over 25,000 electric vehicles. This existing infrastructure efficiently handles millions of battery swaps monthly for various two- and three-wheeler customers. Expressing his enthusiasm for…

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Transforming industries with innovative automation solutions, is what makes Aerocircle Automation an expert in India’s industrial automation sector. With a passion for innovation and a focus on client happiness, this exclusive interview story with Shivaji Suryawanshi, clearly states the vision to empower manufacturing within the country and reduce import dependency. Aerocircle Automation is one of the leading manufacturer and industrial automation solutions provider in the country that caters to various sectors as food, pharma, beverages, textiles, automotives, chemicals, and so many verticals. Since its inception in 2017 the company has expanded, its offerings to a wide range of pneumatic products,…

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By simply reducing carbon footprints, improving sustainability, and cutting plastic consumption, the Authentic Packaging Pvt. Ltd is transforming the packaging industry. Established in 2013, their efforts focus on using food-grade Post-Consumer Recycled (PCR) materials in plastic products, setting new industry standards for eco-friendly solutions. Today we bring an exclusive interview story with Neeraj M Munjal, the man behind the success.  Maharashtra based Authentic Packaging is a well-known manufacturer and supplier of high-quality plastic packaging products serving a wide range of industries such as Pharmaceuticals, FMCG, Food, Healthcare, Pesticides, Paint & Adhesives, and many more.  With a passion and a strong…

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Since 2001, LECA has been an expert in industrial automation, providing customized, high-quality control solutions. From local solutions to worldwide standards, LECA combines creativity and affordability, providing manufacturers with customized CNC systems and advanced technologies. With an exclusive interview story of A.N. Girish, Technical Director, Leca, The man behind the story. LECA, Lakshmi Electro Controls & Automation, is one of the leading experts in the field of industrial automation, where reality and creativity lead the way. They specialize in developing control systems that provide logos and designs of the customer’s manufacturing machines as per their requirements. With a focus on…

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With a focus on customer satisfaction and local manufacturing, GEFIT India ensures seamless service and continuous improvement, driving India’s global leadership in industrial innovation. Today we bring an exclusive interview story with Deepak Gowda, the man behind GEFIT India. GEFIT India is one of the leading suppliers and manufacturers of moulds and assembly in the country that caters to various sectors which includes industries such as food and beverages, pharmaceutical, cosmetics and medical sectors. GEFIT India is part of GEFIT SPA, which has a rich history in the industry from the last 50-years. The subsidiary company in India has expanded…

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Messe Stuttgart India MD & CEO, Sachin Patil passes away following cardiac arrest It is with profound sorrow that we inform the sudden passing of Sachin Patil, the renowned Managing Director and CEO of Messe Stuttgart, on the morning of May 21st at his home in Noida. He succumbed to a cardiac arrest at 6 am and he was declared dead upon arrival at the hospital. Sachin Patil was not even 40 years old, making his untimely demise particularly tragic. His family is expected to arrive from Maharashtra by this evening to join in mourning. In October 2023, Messe Stuttgart…

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Reliance Industries Ltd (RIL) has announced its acquisition of a step-down subsidiary engaged in the manufacturing of petrochemicals and hydrogen, in a move aimed at strengthening its foothold in the industry. The acquisition, valued at Rs 314.48 crore, underscores RIL’s commitment to bolstering its petrochemical portfolio and expanding its presence in key market segments. In a filing to the stock exchange, RIL disclosed that Reliance Chemicals and Materials Ltd (RCML), a step-down wholly owned subsidiary of the company through Reliance Projects & Property Management Services Ltd (RPPMSL), has been acquired by RIL. The transaction entails the acquisition of a 100%…

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