India has lower penetration of rental equipment

Noida to Open HQ and Bhangel Flyover in Two Months

The Noida Authority has announced plans to inaugurate its new administrative headquarters in Sector 96 and the Bhangel Elevated Road within the next two months. Both projects have faced repeated delays and budget overruns over the years.“We have decided to open both projects within the next two months as they are now in the final stages. Staff have been instructed to accelerate the work to meet the revised timeline,” said Lokesh M, Chief Executive Officer of the Noida Authority.The six-lane, 5.5-kilometre Bhangel Elevated Road has been constructed above the Dadri-Surajpur-Chhalera (DSC) ro..

Birla Corp to Invest Rs 43.35 Bn in Expansion Drive

Embarking on its next phase of growth, Birla Corporation, the flagship of the MP Birla Group, along with its subsidiary RCCPL, has announced an investment of Rs 43.35 billion to scale up production capacity. This will be achieved by setting up three new grinding units and expanding an existing integrated plant.The company reported a 33 per cent year-on-year rise in consolidated net profit to Rs 2.57 billion for the fourth quarter of the last financial year, driven by higher demand and improved pricing. Revenue from operations increased by 6 per cent year-on-year to Rs 28.15 billion, up from Rs..

Uno Minda to Set Up Rs 2 Bn Alloy Wheel Plant in Haryana

Auto components manufacturer Uno Minda announced on Thursday that its board has approved the establishment of a new manufacturing facility for two-wheeler alloy wheels in Bawal, Haryana, with an estimated investment of Rs 2 billion.The proposed plant will have an installed capacity of 1.5 million alloy wheels per annum. This expansion is aimed at fulfilling recently secured orders and meeting growing market demand, the company stated in a regulatory filing.In addition, Uno Minda has commenced commercial production of a further two million alloy wheels at its Supa facility in Maharashtra. With ..