Rays Power Infra Bags Projects Worth Rs 8.33 Bn in June Quarter

NMDC Hits Record April with 15% Jump in Iron Ore Output

State-run NMDC registered a robust 15% year-on-year increase in iron ore production for April, reaching 4 million tonnes (MT), up from 3.48 MT a year ago. Sales also grew modestly by 3%, touching 3.63 MT from 3.53 MT in April 2024. Amitava Mukherjee, CMD of NMDC, said, “Our record-breaking April performance, coupled with best-ever despatch figures from our key mines — Kirandul (12% growth), Bacheli (4%), and Donimalai (88%) — reinforces our leadership in iron ore and sets the stage for our 100 MT ambition by 2030.” The company also achieved a milestone in pellet production, clocking ..

Gujarat Ties Up with M1xchange to Boost MSME Liquidity

M1xchange, a leading invoice discounting platform, has entered into a strategic partnership with the Gujarat government to offer collateral-free working capital access to micro, small, and medium enterprises (MSMEs) operating in the state. The collaboration aims to benefit small businesses that supply goods and services to state government departments, public sector undertakings (PSUs), and private firms. As part of the memorandum of understanding (MoU), M1xchange and the state government will jointly provide early payment solutions for MSMEs at competitive interest rates, tackling the persi..

Sri City Emerges as Global Manufacturing Powerhouse

What started as a planned industrial city is today a roaring symbol of India’s manufacturing might. Over 235 companies from 31 countries have invested in Sri City, contributing to a cumulative export value of Rs 540 billion ($6.5 billion) and spanning sectors from automotive to electronics, hygiene to food processing. Colgate-Palmolive’s facility alone manufactures an astounding 2 million toothbrushes daily—23 every second—accounting for over 40% of India’s toothbrush production. PepsiCo’s Sri City unit, its largest in India, doubles as a mango pulp hub, supporting 32,000 farmers...