Bulk Corp International received an export order worth Rs 10.77 crore from Brazilian company Packem SA for custom circular-bag FIBCs.
Deep Industries announced on September 7, 2024 a 15-year production enhancement contract from ONGC worth ₹1,402 crore for mature fields at its Rajahmundry asset, its largest order to date.
Hi-Tech Pipes will spend Rs 800 crore over the next two and a half years to raise production volumes to 2 million tonnes, adding about 1 million tonnes, with new value-added capacity including a facility in Sanand, Gujarat.
ZF Wind Power announced production of 50 GW of wind gearbox capacity at its Coimbatore, India plant and plans to expand annual capacity from 9 to 12 GW, backed by a Rs 750 crore investment.
ZF Wind Power has produced 50 GW of wind gearboxes at its Coimbatore plant in Tamil Nadu, India, which has received a €230 million investment and is being expanded from 9 GW to 12 GW annual capacity.
Gilbarco Veeder-Root, a Vontier company, won two tenders worth a combined $59 million from Hindustan Petroleum Corporation for dispensers with eight years of service and submersible turbine pumps, to be delivered over 18 months.
PMC Hydraulics Group, under parent Dacke Industri, agreed in July 2024 to acquire the remaining shares of Indian hydraulic distributor Hydroquip Hydraulics, making it 100% owned.
Lummus Technology won an award from Petronet LNG to license its Novolen polypropylene technology and provide basic engineering, training and catalyst supply for a new 500,000 tpy plant in Dahej, Gujarat.
India Security Press Nashik awarded corrugated box procurement contracts to Aaradhya Packaging and Raghav Packaging LLP, totaling about INR 5.26 million, with contracts dated 27 November 2024.
GE T&D India received an order from Power Grid Corporation of India worth Rs 305 crore for supply, installation, testing, commissioning and maintenance of SCADA/EMS control centers under the ULDC Phase-III project for Eastern Regional SLDCs and RLDC. The order was reported on 7 August 2024.
LESER inaugurated a brownfield expansion of its safety valve manufacturing facility in Paithan, Aurangabad, India, with an investment of over INR 50 crore. The groundbreaking took place on 17 July 2024.
Petronet LNG selected Lummus Technology's Novolen polypropylene technology for a new 500,000 tpy plant in Dahej, Gujarat, India. Lummus will provide the technology license, basic engineering, training and catalyst supply.
GE Power India received a supply order worth Rs 348 crore from NTPC GE Power Services for renovating and modernising steam turbines at NTPC's Vindhyachal Thermal Power Station Units 1-3.
LESER India laid the foundation stone in July 2024 for a 5.5 million euro expansion of its safety valve factory in Paithan, Aurangabad. The modernized facility adds segmentation, automation and separate machinery and assembly areas.
Coperion and Herbold Meckesheim will build a PET bottle-to-bottle recycling plant with 5,500 kg per hour capacity for Indian preform maker Magpet Polymer, producing food-contact approved PET pellets.
Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.
Milkfed (Verka) of Punjab awarded the C.Boxes for Aseptic Packaging tender to Archana Printing and Packaging, with an estimated value of INR 3 crore and a 180-day work period. The result lists a contract date of 9 August 2024.
Tetra Pak opened its aseptic packaging material plant in Chakan, Maharashtra, India, in May 2013 after construction began in February 2011. The project cost about EUR 120 million and the plant has annual capacity of more than 16 billion carton packages.
Ingersoll Rand acquired Del PD Pumps & Gear Pvt Ltd of India, a maker of rotary, twin and triple gear pumps, as part of a combined roughly $150 million deal for four companies.
Intervalve Poonawalla Ltd launched a new valve plant in Hadapsar, Pune, with installed capacity of about 10,000 valves per month, producing large ball valves, gate, globe and check valves, and scotch yoke actuators.
Kirloskar Ebara Pumps (KEPL) supplied 16 crude handling pump packages across four pumping stations for the Paradip-Numaligarh Crude Oil Pipeline project, linked to Numaligarh Refinery's capacity expansion from 3.0 to 9.0 MMTPA. The announcement was made on 16 May 2024.
ITT Inc is investing approximately US$11 million to expand pump, motor and control testing capacity at three Industrial Process sites in Obernkirchen (Germany), Vadodara (India) and Dammam (Saudi Arabia).
Packem Umasree, a Brazil-India joint venture, inaugurated its first Indian plant near Ahmedabad on 16 April 2024 to make 100% rPET bottle-based FIBC jumbo bags, with monthly capacity of 600 metric tons and about 700 jobs.
Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.
ONGC awarded Larsen & Toubro an EPCIC contract for the MHN TCPP PGC BGC project offshore western India. It covers construction and installation of new process gas compressor modules at the Mumbai High and Tapti offshore complexes and upgrades to existing facilities.
Ingersoll Rand Inc acquired Del PD Pumps & Gear Pvt Ltd, an India-based maker of rotary, twin and triple gear pumps, in Q2 2024.
Danfoss plans to spend ₹500 crore over the next 12 to 20 months on localisation and capacity expansion across its six Indian factories, adding more than 500 people. The plan is part of its India growth strategy.
CFF Fluid Control Ltd received a biennial rate contract from Mazagon Dock Shipbuilders for engineering work on Project-MRLC-2 INS Shankush, worth Rs 46,46,00,000 and due for delivery by August 2026. The order was reported on March 19, 2024.
Austrian machine maker STATEC BINDER completed its largest order to date, worth over EUR 10 million, delivering 16 packaging lines and related equipment for a petrochemical customer in India. The lines pack HDPE, LLDPE and PP granules into 25 kg sacks.
KSB received a letter of award worth Rs 63.22 crore from the Maharashtra Energy Development Agency under Component B of the PM-Kusum III scheme. The scope covers design, supply and commissioning of 2,500 off-grid solar photovoltaic water pumping systems, with supply expected from Q2 2024.
L&T's hydrocarbon unit secured a significant order from ONGC for engineering, procurement, construction and commissioning of process gas compressor modules at Mumbai High and Tapti offshore locations, valued between ₹1,000 and ₹2,500 crore.
Krishca Strapping Solutions received a letter of intent from Vedanta for a 3-year lashing, chocking and tarpaulin coverage contract worth INR 202.5 million, starting April 1, 2024, and plans a warehouse near Jharsuguda.
ELGi Equipments plans a long-term investment of more than ₹500 crore to build new buildings and production lines on its 120-acre campus outside Coimbatore. It will progressively move city factory operations there over five to six years.
Yokogawa Electric signed an agreement to acquire Adept Fluidyne Pvt. Ltd., a leading Indian electromagnetic flowmeter manufacturer based in Pune, Maharashtra. The deal is expected to close by the end of March 2024 and gives Yokogawa a local manufacturing base in India.
Air compressor maker Elgi Equipments entered a partnership with Italy-based D.V.P. Vacuum Technology to manufacture, assemble, test and sell DVP vacuum pumps in India under the Elgi brand.
PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.
PJ Valves has completed a factory expansion in Pune, India, that increases its ball and butterfly valve manufacturing capacity by over 2.5 times and adds a paint shop and QA investments.
Rolls-Royce signed a seven-year contract with Azad Engineering Limited to produce and supply critical engine parts for defence and military aircraft engines, as disclosed in an exchange filing on January 29, 2024.
SIG laid the foundation for its first aseptic carton plant in India, in Ahmedabad, Gujarat. The investment is about €100 million (INR 880 crores), phased over 2023-2025, targeting up to 4 billion packs per year, with commercial production expected by the end of 2024.
Elgi Equipments has signed a 10-year contract with Siemens to supply 2,400 sets of air screw compressors with dryer packages and 1,200 auxiliary compressors for locomotives. Elgi will also maintain the compressors for 35 years from supply, with deliveries starting next fiscal year. The contract was reported on 12 January 2024 and was signed in December 2023.
Mold-Tek Packaging acquired land in Mahad, Maharashtra for a 1,500-tonne manufacturing plant with an investment of INR 20 crore, to supply pails to Grasim Industries. The plant is expected to be set up by October.
Mold-Tek Packaging opened new rigid plastic manufacturing units in Panipat (Haryana), Cheyyar (Tamil Nadu) and Sultanpur (Telangana) with a total investment of more than INR 100 crore, adding 5,500 tonnes of capacity. The company announced it on January 8, 2024.
Flowserve India Controls was awarded a contract by IndianOil for supply of on-off butterfly valves and motor-operated valves for the Panipat Refinery in Haryana. The contract value is ₹1.81 Cr, with a 330-day work period.
MULTIVAC Group officially opened a new production and sales site in the Ghiloth industrial area near Delhi, India, with an investment of about nine million euros. About 60 people will initially be employed there.
Dhunseri Ventures' subsidiary Dhunseri Poly Films has started commercial production at its Panagarh plant in West Bengal, initially making 45,000 TPA of BOPET films. Phase I is a Rs 540 crore investment that is expected to employ over 200 people.
Fans and motors maker EBM-Papst is investing EUR 1 million to expand its facilities in Singapore and India, including added production capacity in Chennai. The move is part of its China-decoupling strategy.
Amcor Flexibles' Indian subsidiary is set to acquire Essel Propack's 100% owned Packaging India Pvt. Ltd, a flexible packaging maker with plants in Tamil Nadu and Uttarakhand, for full cash consideration with an enterprise value of Rs 165 crores.
Uflex Ltd is investing 550 crore rupees (about $85.7 million) in its fourth factory in Sanand, Gujarat, to make aseptic packaging with capacity of 7 billion containers per year and enter a market dominated by Tetra Pak. The plant will initially employ 250 people.
CPC Pumps International, owned by Atlas Copco, completed its first pump assembly in Pune, India, and plans to expand local manufacturing of centrifugal process pumps.
Tecnik Fluid Controls and ITT have formed a joint venture, with an initial investment from ITT, to manufacture valves for the pharmaceutical industry in India.