Coimbatore, Jan 14
Timken India Ltd has said that its Board of Directors on January 14 had considered a public issue, private placement or a combination thereof, of up to 42,65,134 equity shares of the compa...
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Coimbatore, Dec 9
The foundry sector here is hit by continued power outages, as the monthly castings production has fallen by a steep 50 per cent, industry sources have said.There are nearly 600 foundries op...
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Kolkata, Oct 5
Fallout of recommended de-allocation of coal-block shared by company
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Hyderabad, Aug 11
Hyundai WIA India plans to invest up to $30 million in setting up machine tools division at Sriperumbudur near Chennai. Young Kim, Head-Machine Tools Division, Hyundai WIA, part of t...
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Ahmedabad, July 17
Steel casting manufacturer Steelcast Ltd on Tuesday reported a 40 per cent increase in income and 20 per cent in profit after tax (PAT) in the first quarter ended June 30 as compar...
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Chennai, July 4
Hinduja Foundries, at its extraordinary general meeting on Wednesday, has approved a resolution to increase the authorised share capital of the company from Rs 95 crore – divided into 5 cro...
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Mumbai, June 6
Driven by increase in demand from user industries in domestic and international markets, Steelcast on Wednesday reported a 137.93 per cent jump in net profit for the quarter ended March 31 at Rs 4...
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Kolkata, May 23
Foundry industry in West Bengal plans to form a core committee to work on behalf of members of the industry. The committee will be responsible for communicating with foundry equipm...
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Chennai, Jan. 15
The promoters of Orient Refractories Ltd have entered into an agreement with Dutch US Holding B.V. Netherlands to sell 5.24 crore shares, which is 43.62 per cent stake of the total paid-up equity...
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Kolkata, Jan 14
Electrosteel Castings Ltd has reported a net profit of Rs 33.09 crore in the quarter to December 31, 2012 against a net loss of Rs 10.78 crore in the comparable quarter in the previous fiscal. In...
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Mumbai, Nov 18
Casting and auto component manufacturer Indsur Group today said it has acquired UK-based Nevron Eurotherm Insulation in an all cash deal. The deal size is not disclosed.Nevron is one of the...
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Kolkata, Sept 30
The Indian Foundry Association (IFA) on Saturday urged the West Bengal Government to remove bottlenecks for its proposed foundry park, nearly 20 km west of Kolkata in Howrah district.
The...
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Mumbai, Aug 9
Standard Chartered Private Equity (SCPE) today said it has invested Rs 85 crore for a minority stake in Craftsman Automation Pvt Ltd (CAPL), a multi-product light engineering company.The fu...
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Chennai, July 11
In talks with original equipment manufacturers for better alignment
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Bangalore, June 22
SKF announced that it has signed a seven-year contract with Volvo Car Corporation for the delivery of rear wheel bearing units and front suspension bearing units for the newly launched Volvo V40 c...
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New Delhi, May 28
Auto-component maker Bharat Forge's standalone net profit dropped 45 per cent to Rs 55 crore for the quarter ended March 2012. This is primarily due to provisioning of Rs 70.4 crore for impairment...
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