Author: MM Desk

In a landmark move in the chemical industry, Sorbead India and Swambe Chemicals are excited to announce their merger, creating Sorbchem India Private Limited. This merger unites the strengths and expertise of two industry leaders to provide enhanced desiccant and adsorbent solutions under a unified brand. Swambe Chemicals, founded in 1973 by Rati Vachhani and later joined by Rajesh Galgalikar in 1993 as technical head, has been a pioneer in silica gel and its allied products. The company’s extensive experience in column chromatographic techniques has made it a stalwart in air and gas drying applications. Today, Swambe Chemicals offers one…

Shriram Machining Company is transforming the bottling industry with their innovative cap-holding devices, catering to major brands like Coca-Cola, PepsiCo, and beyond. In an exclusive interview with Pradeep Mawale, the visionary behind the innovation, shares insights into the company’s remarkable journey. Pune based Shriram Machining Company is one of the leading suppliers and manufacturers of cap holding device machines in the country that caters to various sectors such as Pharma, Food and beverages. Since its inception in 1995 the company has expanded its offerings to include CNC turning machine components, specialized machinery for beverage industries, and custom-designed equipment tailored to…

Sunkind Energy, a frontrunner in the renewable energy sector, has made significant strides by clinching five solar rooftop projects, marking a substantial advancement in India’s solar energy infrastructure. With a collective capacity of 10 MW, these projects are poised to contribute significantly to the nation’s renewable energy goals, particularly in states like Punjab, Haryana, Rajasthan, and Chhattisgarh. The successful acquisition of these projects underscores Sunkind Energy’s growing prominence in the solar engineering, procurement, and construction (EPC) landscape, particularly in North India. The company’s commitment to expanding its footprint in commercial and solar installations has solidified its position as a key…

Mumbai-based Pidilite Industries, renowned for its iconic brands such as Fevicol, Dr Fixit, and M-Seal, has unveiled its financial performance for the fourth quarter of the fiscal year, showcasing a notable surge in net profit despite falling slightly short of analysts’ expectations. For the period spanning January to March, Pidilite Industries posted a consolidated net profit of Rs 364 crore, marking a significant 19.3% increase compared to the same quarter last year. The quarterly revenue stood at Rs 2,902 crore, reflecting a robust growth rate of 7.9% year-on-year. Meanwhile, the company recorded quarterly earnings before interest, taxes, depreciation, and amortization…

INOX Air Products has announced plans to establish its first green hydrogen project with an annual capacity of 190 tonnes in Chittorgarh, Rajasthan. The project aims to supply clean energy to Asahi India Glass Limited (AIS) under a 20-year offtake agreement, marking a significant milestone in India’s renewable energy landscape. This pioneering initiative will establish India’s first-ever Green Hydrogen Plant for the Float Glass industry, marking a significant step towards sustainable glass production. The plant, slated to be commissioned by July 2024, will have the capacity to generate up to 190 tons of Green Hydrogen per annum through the electrolysis…

Dr Reddy’s Laboratories has reported a significant 36% increase in its net profit for the fourth quarter ending March 31, 2024. The Hyderabad-based company recorded a net profit of ₹1,307 crore, marking substantial growth compared to ₹959 crore in the same period last year. The company’s total revenue also witnessed robust growth, surging by 12% to reach ₹7,083 crore in Q4 FY24, up from ₹6,296 crore in the corresponding quarter of the previous year. For the full fiscal year FY24, Dr. Reddy’s Laboratories reported a net profit of ₹5,568 crore, representing a notable 24% increase from ₹4,506 crore in FY23.…

TI Clean Mobility Pvt Ltd (TICMPL), the electric vehicle arm of Murugappa Group, has secured further capital of ₹580 crore from GEF Capital Partners. TICMPL, a subsidiary of Tube Investments of India Ltd (TII), finalized the deal with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively referred to as GEF), marking a significant milestone in its journey towards sustainable transportation solutions. With plans to raise a total of ₹3,000 crore to fuel its diverse verticals in electric vehicles, TICMPL’s current investment round brings the total fundraising amount to ₹2,530 crore upon completion, as stated in…

In a celebration of groundbreaking achievements in technological innovation, the Institute of Astrophysics and Space Sciences at the University of Lisbon in Portugal has been honored with the prestigious Golden Vector Award 2024 for their remarkable contribution to space exploration with the MOONS spectrograph. Every two years, igus recognizes the most exceptional energy chain applications worldwide, and this year’s award ceremony witnessed fierce competition with 328 entries from 37 countries. Alongside the University of Lisbon, TDK RF Solutions, MECAoctet, and Bear Machines GmbH were also acknowledged for their pioneering work in various fields. The Golden Vector Award was bestowed upon…

Shyam Metalics and Energy Ltd has officially commenced operations at the Ramsarup plant in Kharagpur, marking a significant milestone for the company’s expansion plans. The plant, acquired in May 2022 through its subsidiary Shyam Sel and Power Limited, is poised to become a key player in the region’s industrial landscape. With this development, Shyam Metalics aims to contribute to the socio-economic growth of the area by creating approximately 2,000 job opportunities. Equipped with state-of-the-art infrastructure, the Ramsarup plant features a direct reduced iron (DRI) unit with a capacity of 150,000 tonnes per annum (TPA) and an integrated captive power plant…

Jindal Stainless Ltd has played a pivotal role in strengthening the Indian Navy’s anti-submarine warfare capabilities by supplying 3 mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system. The sheets, developed by Jindal Stainless’ vertical, Jindal Defence and Aerospace, are engineered to withstand high pressure and temperature conditions during flight. These sheets were utilized in the next-generation missile-based lightweight torpedo delivery system, designed and flight-tested by the Defence Research and Development Organisation (DRDO) off the coast of Odisha. Abhyuday Jindal, Managing Director of Jindal Stainless, expressed pride in the successful flight-testing of the Navy’s SMART…