Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.

Nippon Piston Ring will invest one billion yen (US$8.9 million) to raise valve seat output by 30 percent at its factory in Karnataka, India, as car and motorcycle production ramps up. The 8,000 sq m facility can reportedly produce around 3 million valve seats per month.

OneSubsea, a Schlumberger company, received an EPC contract from Reliance Industries for the subsea production system of the R Cluster project offshore India's east coast.

Germany-based Windmoller & Holscher India won an order to commission packaging machines on a turnkey basis at Hatsun Agro Products' greenfield dairy plant at Walajabad near Chennai. The overall project cost is estimated at Rs 65 crore.

Kaeser Compressors India has commissioned a 120kWp captive rooftop solar PV plant at its Pune, Maharashtra manufacturing facility, built with Enerparc India, to cut grid energy use.

Indian Hume Pipe Company secured a work order worth Rs 100.46 crore from Municipal Corporation Bilaspur for augmentation of the Bilaspur water supply distribution system under AMRUT Mission, to be completed within 24 months.

Mexican pump maker RuhRPumpen has set up a new centrifugal pump plant at Vallam Sipcot Industrial Estate in Chennai, with investment of about $25 million so far. It targets $50 million in output within five years, with about 80% of output exported.

Mexican pump maker RuhRPumpen has invested nearly INR 100 crore in a new manufacturing plant near Oragadam, Chennai, replacing a rented unit. About 80% of output will be exported to West and South-East Asia.

Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.

Chinese appliance maker Midea plans to invest Rs 800 crore in a 43-acre manufacturing facility in Pune producing refrigerators, washing machines and water appliances, employing 500 people and expected operational by end-2018.

Kirloskar Oil Engines will acquire a 76% stake in Ahmedabad-based electric pump maker La-Gajjar Machineries at 7.89 times EBITDA, with the remaining 24% to be bought over five years; the amount was not disclosed.

Kanodia Technoplast, a gravure printing and flexible packaging company, plans a fifth manufacturing facility at Kundli, India by the third quarter of fiscal 2017-18.

OneSubsea, a Schlumberger company, received an engineering, procurement and construction contract from Reliance Industries for the subsea production system of the R Cluster project offshore India's east coast. Reliance has an option for additional wells.

AMPO opened a new valve manufacturing plant in Coimbatore, Tamil Nadu, India, with a ceremony on June 6, 2017. The 13 million euro investment covers a facility of about 15,000 square meters that can produce valves up to 72 inches.

Manuli Hydraulics has acquired the majority of shares of PSI Hydraulics, India's third largest hydraulic fluid conveyance company with operations in Bangalore and Udaipur. The company was renamed Manuli PSI Hydraulics Private Limited.

Bharat Heavy Electricals won a Rs 233 crore order to supply a steam and power generation package for Ramagundam Fertilizers and Chemicals' fertilizer plant in Ramagundam, Telangana.

Noida-based Innovative Tech Pack Ltd signed a five-year agreement to supply caps for Bisleri's still water and carbonated beverage bottles, entering the carbonated beverage closure market.

Elecon Engineering was awarded an order worth Rs 130 crore by Ramagundam Fertilizers and Chemicals Limited to install urea bagging and conveying systems. The work is expected to take about two years.

Atlas Copco opened a new manufacturing unit at its Cherlapally plant in Hyderabad, India, after investing Rs 80 crore, doubling the plant's capacity and adding about 35 jobs. The unit includes a rock drilling R&D test centre.

Ampo Poyam Valves has completed construction of a 1,400 m2 valve manufacturing plant in Coimbatore, Tamil Nadu, India, wholly owned by Ampo.

Scholle IPN opened a 6,000 square meter flexible packaging plant in Palghar, India, which began operations on December 14, 2016. The facility makes aseptic bag-in-box packaging, drum bags and fitments for the local tropical fruit juice industry.

Grundfos Pumps India is setting up an assembly plant on leased land in Ahmedabad, Gujarat, with an investment of about Rs 12 crore, to supply 12,000-14,000 pumps a year and start operations on June 1.

Alpla India is planning an end-to-end PET bottle recycling plant in Hyderabad to produce high-quality recycled polymer, with a capacity of 5,000-6,000 tonnes a year. An investment decision is expected within six to eight months, with the investment estimated at INR 20-30 crore.

BorgWarner Cooling Systems (India) has opened a fully automated Visctronic assembly line at its plant in Sriperumpudur near Chennai. The line has an annual capacity of 500,000 units and will start rolling out products in Q2 2017 for BS-IV applications.

Manjushree Technopack launched a two-compartment PET fusion jar for Tata Global's Tata Tea Fusion, storing two tea types in one pack, reported as the first such jar by an Indian FMCG company.

Petainer Innopac Packaging is installing an additional line at its Maharashtra facility, with each new line investment reported at INR 14 crore. The report is dated 2017-02-23.

Petainer Innopac Packaging plans to set up two production units, one in the South (Chennai or Bengaluru under consideration) and one in the North (location undecided). The plans were reported on 2017-02-23.

Pacman-CCL, a joint venture of CCL Industries and Albwardy Investment, is set to acquire a 70% stake in Super Label, an Indian pressure-sensitive label maker, for $3.75 million.

Cosmo Films installed a new 10.4-metre BOPP line at its existing Karjan facility near Vadodara, Gujarat, raising annual capacity 40 percent to 196,000 MT. The line cost about Rs 200 crore and was commissioned ahead of schedule.

BorgWarner plans to add 17,000 square feet of manufacturing and engineering space at its Kakkalur, India engine timing components plant later in 2017, marking 15 years of the facility.

The Indian finance ministry plans to merge Hindustan Prefab, Engineering Projects (India), HSCC (India) and National Projects Construction Corporation with similarly placed CPSEs. The move follows the 2017-18 Budget proposal on PSU mergers.

The Indian government plans to sell its entire 56.43 percent holding in Hindustan Fluorocarbons, held through Hindustan Organic Chemicals, via strategic sale. The company makes PTFE and fluoromethane.

The Indian government intends to sell 99.53 percent equity and management control of Bridge & Roof Company through a strategic sale. The Ministry of Heavy Industries oversees the company.

The Indian government intends to divest 100 percent of Bharat Pumps & Compressors through a strategic sale with transfer of management control. The Cabinet cleared the sale in September 2016, and DIPAM is seeking advisors.

Raychem RPG, a joint venture of TE Connectivity USA and RPG Enterprises India, announced the acquisition of Hi-Velm Industries, a division of Digivision Electronics in Chennai, India. Hi-Velm produces extra high-voltage disconnectors. No deal value was disclosed.

Scientific Design Company was selected by Indian Oil Corporation to supply its MEG technology for a complex in Paradip, Odisha, India, with a capacity of 180 KTA of ethylene. The award includes process licensing, design package, proprietary equipment and catalyst.

Valmet signed a value-added reseller agreement with Consulta Enterprises for power and process industry automation, covering India, UAE, Nigeria, Saudi Arabia, Sri Lanka, Bangladesh and Nepal.

Siemens Limited won orders worth about Rs 319 crore from Diesel Locomotive Works for AC traction systems and propulsion sets for freight and passenger locomotives, to be produced at its Nashik factory.

BorgWarner opened a new 8,000 square metre plant in Manesar near New Delhi on 31 January 2013, producing EGR coolers, tubes, valves and modules, replacing its Faridabad site.

UFlex is building an aseptic liquid packaging manufacturing plant that it expects to be commercially operational by April 2017.

UFlex, an Indian flexible packaging company, launched its ASEPTO aseptic liquid packaging brand for juices, milk and dairy products, with an aseptic packaging plant due to be commercially operational by April 2017.

Oji Holdings reached an agreement with JK Paper to acquire an additional 20% stake in Oji JK Packaging, a corrugated container maker in India that is a joint venture of JK Paper, Oji and Marubeni.

Pepperl+Fuchs plans to modernize its Chennai enclosure production facility in India, acquired in 2016 from Petroleum Safety Products Industries, as part of an investment project to expand it to global scale. The plant employs about 100 people.

Coimbatore-based pump maker EKKI Group has completed the acquisition and integration of Deccan Pumps Private Ltd, a maker of sump submersibles, monoblocs and surface pumps.

The Competition Commission of India approved Emerson Electric's proposed acquisition of Pentair's valves and controls business, finding no appreciable adverse effect on competition in India.

NTPC Limited issued a Notice of Award on 14 December 2016 to the NTPC GE Joint Venture (NASL) and GE Power Services for shaftline retrofits and modernization of three 200 MW steam turbines at the Ramagundam Super Thermal Power Station in Telangana, India. The total contract value is $64.51M, including $29.22M for GE Power India.

Indian Oil Corporation and EPC contractors Mitsubishi Heavy Industries and Black & Veatch have ordered more than 1,500 highly engineered valves from Ampo Poyam Valves for the ENNORE LNG plant in Tamil Nadu, scheduled for commissioning in 2018.

Innovative Tech Pack Ltd won a five-year contract from Dabur India to supply PET and plastic packaging for Dabur plants in India, Bangladesh and Nepal, expected to bring about Rs 400 crore of business over five years.

Private equity firms Advent International and KKR have made offers reported at around Rs 3,000 crore ($400-500 million) to buy 100% of L&T Valves from Larsen & Toubro, though no deal has been agreed.

Oji Holdings decided to build a heavy-duty corrugated cardboard factory in Chennai, Tamil Nadu, investing 1 billion yen in a first phase at Valam Vadakar Industrial Park, with operations scheduled for December 2018.