JS Auto Cast acquires SEZ unit of Indo Shell Mold

04 Jan 2023 CW Team

Auto parts maker Bharat Forge has announced that its subsidiary JS Auto Cast Foundry India has acquired the special economic zone unit of Indo Shell Mold , based in SIPCOT, Erode, Tamil Nadu, for an undisclosed sum.

JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mold Ltd for this purpose, Bharat Forge said in a statement.

"The acquisition strengthens JS Auto's presence in the foundry industry, expands its product offering and customer base, and strengthens its presence in the Indian manufacturing sector," it added.

The SEZ unit with a capacity of 42,000 MTPA will supply fully machined critical castings to prominent customers in the automotive industry and will serve as the third manufacturing unit for JS Auto, bringing the total capacity to 1,42,000 MTPA, the company said, adding that the acquisition will be Ego EPS increases from the first year.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..