HHV Pumps inaugurated a 52,000 sq ft vacuum pump manufacturing facility at T. Begur, Nelamangala Taluk, Bangalore, with an initial investment of Rs 10 crore and 65 employees.
Epsilon Bidco, an affiliate of Blackstone funds, agreed via a share purchase agreement and mandatory open offer to acquire up to 75% of Essel Propack Limited, signed April 22, 2019 and approved by India's CCI on June 3, 2019.
Blackstone agreed to buy a 51% stake in Essel Propack, an Indian laminated tubes and specialty packaging maker, from Ashok Goel Trust for up to $460 million, with a mandatory open offer for a further 26%.
Alstom won a contract worth EUR 15 million from Maha Metro to supply traction electrification and sectioning posts for the 28 km Pune Metro Line 1 and 2 corridor. Commissioning of the full stretch is due by 2023.
Ebara subsidiary Elliott Group opened a new manufacturing facility in Bengaluru, India, to expand its compressor and turbine business across India and East Asia.
Alstom was awarded two contracts worth over €90 million combined to equip Mumbai Metro lines 2A, 2B and 7 and Pune Metro lines 1 and 2 with its Urbalis 400 CBTC signalling. The Mumbai contract was awarded by DMRC and the Pune contract by MMRCL.
Schott Kaisha plans a Rs 500 crore expansion between 2018 and 2020, including a new site on the Gujarat-Daman border for pre-filled syringes and cartridges and expansion of its Daman and Jambusar plants.
IndianOil awarded a tender for ON/OFF valves for its Panipat-2G Ethanol project in Panipat, Haryana, to DelVal Flow Controls with a contract value of ₹40.65 lakh, with the contract dated 30 August 2022.
Metso is establishing a new foundry in Vadodara, India, with a capacity of 20,000 tonnes, and is increasing mineral equipment capacity at its Metso Park in Alwar by 35%.
Metso acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited by acquiring all shares of RMEBS Controls Pvt. Ltd. in India to strengthen its valve network.
Metso Corporation has reportedly invested more than USD 112.3 million in its engineering hubs and production in India, about USD 78.6 million of it for operations expansion in India, to meet global demand for industrial valves.
T/CCI Manufacturing opened a 16,000 square-foot facility in Noida, India, to manufacture and distribute 5H and 7H wobble plate compressors for heavy-duty truck, construction and bus markets. The first year target is 50,000 units, rising to 300,000 by 2021.
ANDRITZ signed a contract with Karnataka Power Corporation to refurbish and modernize the Shivasamudram hydropower plant in Karnataka, India, supplying turbine and control equipment for its 10 units.
Velan GmbH, the German sales subsidiary of Velan, finalized a valve contract worth more than US$20 million. The valves go to a Russian boiler maker supplying 660MW units for the Barh supercritical thermal power plant, whose end user is NTPC in India.
Korean Hanon Systems acquired the global fluid pressure and controls business of Magna International for a global deal value of US$1.2 billion. Kochhar & Co advised on the Indian leg of the transaction, as reported on 1 March 2019.
GE T&D India has won an order from Power Grid Corporation of India to build a high-voltage substation in Bhuj, Gujarat.
Safran Aircraft Engines will build a new plant in Hyderabad's GMR Special Economic Zone to make parts for the CFM LEAP turbofan engine, with a €36 million investment supported by the Telangana State. Construction starts June 2019, with first parts planned for early 2020 and a workforce of 300.
Kawasaki Heavy Industries opened a new plant in Bangalore to make pumps and motors for 7-36 tonne construction machinery, doubling its Indian hydraulic capacity to 20,000 units a year. The investment is about 800 million yen and production starts in April 2019.
VME Process Asia Pacific was awarded a contract by Oil India to supply a modular process package for two oil and gas collecting stations in the East Khagorijian and Nadua fields in Assam, India. The equipment weighs 670 tons and has a well-fluid capacity of 3800 KLPD.
Essel Propack has inaugurated its first greenfield unit in Kamrup, Assam, with capacity of 275 million laminated tubes annually. Phase-I investment is ₹82 crore and it will employ about 150 people.
Danfoss Industries plans to invest Rs 70-100 crore in a new plant at Oragadam near Chennai to produce 120,000 low-voltage frequency drives, expected to start around September 2019.
Thermax opened a new manufacturing unit at Sri City, Andhra Pradesh, built with an investment of INR 166 crore. Phase 1 capacity is 400 machines a year, with initial staff of 60 rising to over 300.
Danfoss won a large contract from an unnamed Indian automotive player to supply components for hybrid vehicles, according to its global CEO Kim Fausing. The customer was not named.
Danfoss Industries will invest between ₹70 and 100 crore to set up a new plant at Oragadam near Chennai producing 120,000 low-voltage frequency drives, expected to start around September. The amount shown is the lower bound of the stated range.
L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, won a second EPCC contract from Indian Oil Corporation for an ethylene recovery unit at the Paradip Refinery in Odisha. The value was not disclosed.
L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, won an EPCC contract from Indian Oil Corporation to build a mono ethylene glycol plant at the Paradip Refinery in Odisha. The value was not disclosed.
BorgWarner celebrated the opening of its expanded 4,023 square metre facility in Kakkalur, Tamil Nadu, which adds a production line for variable cam timing systems to serve India and Southeast Asia.
Yanmar announced a plant in the ORIGINS industrial park in north Chennai to make industrial diesel engines with 80,000 units annual capacity. Production is expected to start in 2020 and create up to 400 jobs.
EKKI group and German pump company Homa group signed an MoU for a joint venture to set up a pump manufacturing facility in Coimbatore, with Homa holding 50 percent. Homa plans to invest nearly Rs 150 crore, and the factory would create about 100 jobs.
Schwing Stetter India signed an MoU with the Tamil Nadu Government at the Global Investors Meet 2019 to invest INR 237 crore immediately in a new plant in Cheyyar, scaling to INR 350 crore over four years, with 200 jobs planned.
ZF Friedrichshafen opened a shock absorber production line at its regional headquarters in Chakan, Pune, with an annual capacity of 0.7 million units, planned to rise to 3 million units within 3 to 4 years.
Va Tech Wabag secured a Rs 467 crore design-and-build contract from Mangalore Refinery and Petrochemicals to build a 30 MLD seawater desalination plant in Mangaluru, Karnataka, expandable to 70 MLD, over 22 months.
The Hyderabad Bench of India's National Company Law Tribunal approved Maharashtra Seamless's resolution plan to acquire United Seamless Tubulaar Pvt Ltd through the insolvency process.
Wipro Infrastructure Engineering's aerospace unit has started shipping parts to Boeing from its Devanahalli plant in Bengaluru. Boeing contracted Wipro to make strut assemblies for the 737 MAX and Next-Generation 737 programs.
McDermott's Lummus Technology was awarded a technology contract by HPCL Rajasthan Refinery for the license and basic engineering of two 490 KTA polypropylene plants in Barmer District, Rajasthan, India. The award was reflected in McDermott's third quarter 2018 backlog.
Amcor has commissioned its seventh manufacturing plant in India, in Bharuch, Gujarat, to make flexible laundry packaging for Hindustan Unilever under a seven-year agreement. The plant adds about 40% to Amcor's Indian capacity and is expected to employ 180 people by December 2019.
Normet and Hindustan Zinc signed a four-year cost-per-hour service contract covering all Normet equipment at Hindustan Zinc mines in Rajasthan, India, worth about EUR 60 million. Normet also built a new service centre in Jaipur.
UNP Polyvalves is nearly finished adding 50,000 square feet of manufacturing space at its Vadodara, Gujarat plant, bringing total factory space to 150,000 square feet for lined valves.
Neles, formerly Metso's valve business and now part of Valmet, closed its acquisition of Indian valve company Rotex Manufacturers and Engineers Pvt. Ltd. in late 2018. The deal expands Neles' product range and services in India.
iMD Companies announced that its subsidiary LCG Plastic signed a purchase order and contract to supply about $1.78 billion of PVC pipes over two years to RWS&S Odisha, Bhubaneswar, India. Deliveries are to ramp up to 10 million pipes per month.
PSA AVTEC Powertrain, a joint venture of Groupe PSA and AVTEC Group, opened a greenfield facility in Hosur to make transmissions and BS VI engines, with an investment of ₹600 crore and 800 new jobs.
Eaton broke ground at the KIADB Aerospace SEZ near Devanahalli, Bangalore, to build its first Indian aerospace manufacturing facility on 2.75 acres, investing Rs 60 crore in the first phase. The site is expected to be operational in the second half of 2019 and employ 110 people.
Eaton Aerospace plans to set up a manufacturing plant in Bengaluru, India, according to a Deccan Herald report published on 12 November 2018.
Guangdong Meizhi Compressor (GMCC), a Midea Group company, is setting up its first compressor manufacturing facility outside China at Supa Parner Technology Park in Maharashtra. Midea plans about INR 1,350 crore of investment there and expects operations to begin in 2020.
Oji Holdings is investing about 3 billion yen in a new corrugated cardboard plant at the Sanand industrial park in Gujarat, India, with monthly capacity of 6 million square meters. Operations are targeted for March 2020.
ONGC has awarded a consortium of Baker Hughes, McDermott International and L&T Hydrocarbon Engineering the subsea contract for development of block DWN-98/2 in the Krishna Godavari basin offshore eastern India.
Metso has completed its acquisition of the valve automation division of India-based Rotex Manufacturers and Engineers, by buying all shares of RMEBS Controls Private Limited. The deal adds actuators, limit switches and process valves to Metso's valve portfolio.
ZF Friedrichshafen started a new shock absorber production line at its regional headquarters in Chakan, Pune, India, with annual capacity of 0.7 million units, planned to rise to three million units within three to four years.
CANPACK opened its new beverage can manufacturing plant in Nuh, Haryana, India, with capacity of 950 million cans per year and about 160 jobs.
Admiral Valve (CPV Manufacturing) appointed JRE Private Limited as its authorized representative in India to sell its full valve and fitting product line for compressed gas, petrochemical, oil and gas, and shipbuilding industries.