Author: MM Desk

CG Power and Industrial Solutions will buy a 55% stake in G.G.Tronics India Private Limited for Rs 319.38 crore. G.G.Tronics, based in Bengaluru, designs and makes electronic safety systems for railways. One of their key products is the Train Collision Avoidance System (TCAS), also known as ‘KAVACH.’ They are currently getting the latest version (4.0) of this system approved by Indian Railways. G.G.Tronics also makes digital axle counters, which are used in railway signaling and certified by the Research Designs and Standards Organisation (RDSO). These products meet high safety standards. The company also offers verification and validation services for railway…

National Thermal Engineers Day, celebrated annually on July 24th, recognizes the vital role that thermal engineers play in our technologically-driven society. Established in 2014 by Advanced Thermal Solutions Inc. (ATS), this day highlights the expertise and dedication of thermal engineers whose work ensures the smooth operation of countless technologies that we rely on daily. Origins of National Thermal Engineers Day The inception of National Thermal Engineers Day is rooted in the efforts of ATS, a company committed to developing efficient and cost-effective thermal management solutions. Founded in 1989, ATS has been at the forefront of providing innovative solutions to manage…

HFCL Limited, a domestic telecom equipment and optical fiber maker, reported a 46% increase in net profit, reaching ₹111 crore in the first quarter ending June 30. The company’s consolidated revenue rose 16.38% year-on-year to ₹1,158 crore but fell 12.66% from ₹1,326 crore sequentially. EBITDA stood at ₹185 crore, up 16.13%. Mahendra Nahata, HFCL’s managing director, highlighted the expansion of 5G networks, FTTH implementation, data center growth, AI advancements, and the BharatNet Phase III Project as key opportunities for the company. He noted HFCL’s investments in R&D and capacity expansion, positioning the company to benefit from these opportunities. Nahata mentioned…

LOHUM, a company from Greater Noida that recycles and repurposes battery materials, will invest ₹2,000 crore in a new plant in Krishnagiri, Tamil Nadu. This plant will produce Cathode Active Material (CAM) for batteries. The company has bought 65 acres of land and plans to start production in 18 months. In the first two years, they will invest ₹400 crore. This plant will supply battery manufacturers like Ola, Exide, TVS, and Amara Raja. LOHUM has seven plants in Noida, one in Gujarat, one in Krishnagiri, and one in the UAE. The new plant will recycle 20,000 tonnes of batteries yearly…

Mahindra Truck & Bus, part of the Mahindra Group, is working to surpass its peak performance from FY19 by FY27. Jalaj Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra Ltd., shared their detailed strategy to achieve this goal. The Indian truck market is changing quickly. In FY19, half of the heavy-duty trucks were multi-axle. By 2024, only a third are multi-axle, while 55% are now 48-tonne trucks. This shows how customer needs are evolving. New regulations, like mandatory AC in 2025 and ABS for smaller vehicles, add complexity. Mahindra aims to predict future customer demands to stay ahead.…

In a significant move to promote renewable energy, Vietnam has introduced a groundbreaking policy enabling companies to purchase clean energy directly from producers. This pioneering initiative, aimed at reducing the country’s reliance on fossil fuels, allows businesses to buy electricity directly from solar and wind power generators. The new policy, announced by the Vietnamese government, is a major departure from the traditional model where companies had to rely on the state-controlled grid for their energy needs. By allowing direct purchases, companies can now reduce their carbon footprint and contribute to Vietnam’s goal of increasing its renewable energy mix. The move…

JSW Steel CEO Jayant Acharya announced that the Indian steel industry is discussing trade measures with the federal government to address rising steel imports from China and Vietnam. This comes as India became a net steel importer in the fiscal year ending March, with imports hitting a five-year high in April and May, according to provisional data. “Indian steel industry is in discussion with the government. I think there are measures which we would be requesting the government to take up,” Acharya said, without providing details on the possible measures. India’s steel and trade ministries have been engaged in talks…

FORVIA, a top automotive technology supplier, and Chinese carmaker BYD are expanding their partnership to Europe. They will work together in Hungary, marking BYD’s first presence in the region. This follows their recent opening of a seat assembly plant in Thailand and builds on their partnership that began in 2017. In the past seven years, FORVIA and BYD have opened seven plants in China and developed a research and development center in Shenzhen. BYD aims to join the ranks of automakers producing 10 million vehicles and sees global expansion as a key priority. FORVIA will play a crucial role in…

Nippon Steel, Japan’s largest steel producer, will end its 20-year joint venture with China’s Baoshan Iron & Steel (Baosteel). This marks a significant shift in their long-standing partnership, which began to help modernize China’s steel industry. Nippon Steel’s steel production capacity in China will drop by 70% due to this decision. The company is refocusing its investments on the U.S. and India, as Japanese automakers, its main customers, face challenges in China from local electric vehicle makers. The joint venture, Baosteel-Nippon Steel Automotive Steel Sheets (BNA), was formed in 2004. Nippon Steel will sell its 50% stake in BNA to…

Apollo Tyres has earned the Silver Award from EcoVadis for the third year in a row, improving its score from 56 to 70. This achievement places Apollo Tyres among the top 5% of companies globally in the rubber tyre manufacturing and retreading sector. EcoVadis, the largest provider of business sustainability ratings, evaluates companies based on Environment, Labour and Human Rights, Ethics, and Sustainable Procurement. Companies in the top 1% get platinum, the top 5% get gold, the top 15% get silver, and the top 35% get bronze. Apollo Tyres improved its overall performance score to the 92nd percentile in FY24,…