Apollo Tyres expects volume growth to bounce back

17 Nov 2022 CW Team

Apollo Tyres expects volume growth to return to pre-pandemic levels by the end of this fiscal year, backed by consistent demand from both OEM and the replacement market. The company is also optimistic about the growing demand for electric vehicles and has developed a "roadmap" to enter the market.

Car demand is holding up; however, demand for tractors is softening as rural India suffers more than urban India.

The rise in crude prices may accelerate the electrification process, resulting in greater EV adoption. To support the segment's growth, associated infrastructure such as batteries and charging stations have been improved.

Infrastructure Urban

16 Sep 2025

Tega-Apollo consortium to acquire Molycop for $1.5 bn

Tega Industries, in consortium with funds managed by affiliates of Apollo, entered into a term sheet on September 10 to acquire Molycop, a leading global supplier of grinding media for the mining industry. The deal, valued at $1.5 billion, will be executed with American Industrial Partners (AIP) as the seller.According to a stock exchange filing, the company noted, “This strategic, complementary acquisition will establish Tega Industries as one of the world’s leading designers and manufacturers of ‘critical-to-operate’ consumables for certain production steps in the mining, mineral pro..

JSW Infra to invest ₹380 cr in Karnataka logistics park

JSW Infrastructure has acquired an 86-acre brownfield rail siding at Kudathini in Ballari, Karnataka, for ₹57 crore to develop a multi-modal logistics park (MMLP). The total investment for the project is expected to reach ₹380 crore over the coming years.The project, undertaken through the company’s subsidiary JSW Port Logistics, will feature a rail freight terminal, an inland container depot, and modern cargo-handling systems. According to the company, commercial operations are likely to commence within the next six months, with further expansion carried out in phases.JSW Infra stated t..

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..