Works begin at Vijayapura airport

Mobis Opens EV Battery Plant in Tamil Nadu

Mobis India Limited, an affiliate of Hyundai Motor India and a key player in global automotive components, has inaugurated its Electric Vehicle Battery System Assembly (BSA) plant at Sriperumbudur, Tamil Nadu.Spread across 8.15 acres adjacent to Hyundai’s vehicle manufacturing unit, the facility has an initial capacity of 36,000 units annually, scalable to 75,000 units in line with rising demand for electric mobility. The plant will generate around 255 direct and indirect job opportunities, according to the company.The facility will assemble high-performance battery systems for electric vehi..

Havells India Secures 50-Acre Site for New Factory in UP

Havells India announced on Thursday, 8 May, that it has received a Letter of Intent (LoI) from the Yamuna Expressway Industrial Development Authority (YEIDA) to establish a large-scale electronics manufacturing facility in Uttar Pradesh. The proposed unit will be developed on 50 acres of land located in EMC, Sector 10 of the YEIDA region.The company plans to utilise this site for the future expansion of its manufacturing capacity, with a particular focus on consumer goods and home appliances. The LoI is subject to compliance with the state’s policy framework and other regulatory guidelines.T..

L&T Posts Rs 15 Bn Q4 Profit, Orders at Rs 89.6 Bn

Engineering and construction giant Larsen & Toubro (L&T) reported a 25 per cent increase in consolidated net profit attributable to shareholders for the January–March quarter of FY2024–25, driven by strong revenue growth and an exceptional gain. The company posted a net profit of Rs 54.97 billion for the quarter, while revenue rose by 10.9 per cent year-on-year to Rs 743.92 billion.Order inflow during the March 2025 quarter stood at Rs 896.13 billion, marking a 24 per cent year-on-year rise. International orders accounted for Rs 627.39 billion or 70 per cent of the total.For the fu..