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Kataria Industries acquires Ratlam Wires’ wire manufacturing business

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Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million.  The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires. Arun Kataria, Managing Director of…

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Hithium Energy and MANAT to establish BESS manufacturing facility in Saudi Arabia

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Hithium Energy Storage Technology has partnered with Nabilah AlTunisi’s company, MANAT, to launch a joint venture named Hithium MANAT. The venture will establish a battery energy storage systems (BESS) manufacturing facility with a 5 gigawatt-hour (GWh) annual production capacity in Saudi Arabia.  This marks one of the first advanced BESS manufacturing plants in the Kingdom and the wider MENA region, supporting Saudi Arabia’s Vision 2030. The partnership was announced at the Solar & Storage Live…

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Tamil Nadu Cabinet approves 14 projects with Rs 386.98 billion investment

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The Tamil Nadu Cabinet has approved 14 new projects with a total investment commitment of Rs 386.98 billion, expected to generate 46,931 high-end employment opportunities across 12 districts. These projects span sectors including auto and electric vehicles, electronics, green energy, telecom equipment, and advanced manufacturing. Key investments include Freetrend Industrial India’s Rs 10 billion footwear manufacturing plant in Ariyalur, creating 14,000 jobs, and Leap Green Energy’s Rs 103.75 billion investment in a hydrogen power storage…

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GE Vernova expands HVDC manufacturing in UK

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GE Vernova has announced a major expansion of its manufacturing facilities in Stafford, UK, to meet growing global demand for high-voltage direct current (HVDC) transmission systems, essential for transmitting renewable energy across Europe, Asia, and North America. The expansion focuses on two key Stafford sites within GE Vernova’s electrification systems grid solutions business. The HVDC facility at Redhill will double its valve manufacturing capacity, adding a new voltage-sourced converter valve assembly line. The transformer facility,…

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Hitachi Energy invests $155 million in North American manufacturing

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Hitachi Energy has announced plans to invest an additional $155 million into its North American manufacturing operations, including the construction of a new distribution transformer factory in Reynosa, Mexico, and expansions at existing facilities in South Boston, Virginia, and Mount Pleasant, Pennsylvania. This move is part of the company’s broader strategy to address surging demand for electrical equipment in the region. The $70 million facility in Reynosa will focus on producing single-phase padmount distribution transformers,…

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Avaada to invest Rs 2.5 trillion in renewable energy and manufacturing

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Avaada Group plans to invest Rs 2.5 trillion over the next seven years across multiple businesses, including facilities for ingot, wafer, and glass manufacturing. The renewable energy provider is also focusing on green hydrogen and ammonia ventures, targeting 11.5 GW of energy capacity by 2026 and 30 GW by 2030. The company is building solar panel factories, with a second module factory under construction in Nagpur and another planned for Greater Noida, aiming for a…