Enzeme Biosciences is a biotech subsidiary of Alkem. It has announced a new manufacturing facility in the US with an investment of $70 million. The decision also aligns with President Trump’s call asking pharma companies to boost local manufacturing and generating employment. At present, Enzene has hired 50 people and aims to take a total … Read more
There are two notable developments at Spicejet – It’s interested in looking at the bankrupt Go First for acquisition Has expressed interest to Go First’s Resolution Professional and will submit an offer post diligence Further to it’s recently announced plan to raise fresh capital of $270 mn i.e. Rs 2,254 cr – It has announced … Read more
The Company has announced a major greefield capex into setting up a new petrochemical facility at Dahej, Gujarat. The proposed project includes 750 KTPA of Propane Dehydrogenation (PDH) & 500 KTPA of Propylene (PP) plant including propane and ethane handling facility. The project will generate revenue from the sale of polypropylene, propylene, propane, hydrogen and … Read more
Along with it’s Q1 FY24 quarterly results, Maruti Suzuki India (MSI) has announced acquisition of it’s contract manufacturing facility, Suzuki Motor Gujarat Private Limited (SMG) from Suzuki Motor Corporation (SMC). In 2014, MSI had taken shareholders approval to allow SMC set up SMG as a 100% subsidiary that will contract manufacture for MSI. In line … Read more
Along with it’s Q4 FY 23 results, Maruti has informed about the Board’s approval for additional 1 mn units capacity expansion. The decision has been taken to capitalize on the anticipated growth in the domestic and overseas market. This is in addition to the already under progress capacity expansion at Sonipat. In Sonipat also, the … Read more
Tinplate, a Tata Steel subsidiary has started work on a significant capacity expansion. At it’s existing Jamshedpur plant, it has kicked off a Rs 2,000 crore expansion project. It would add 3,00,000 tonnes to it’s current capacity of 4,15,000 tonnes i.e., an increase of >70%. The project is estimated to take 3 years to complete … Read more