Maxvolt crosses Rs 1 billion revenue milestone in FY25
Maxvolt Energy Industries has recorded Rs 1.07 billion in revenue for FY 2024–25, more than doubling its previous year’s earnings of Rs 48.37 crore. This marks the second consecutive year of 200 per cent-plus growth for the lithium battery technology company, underscoring its aggressive expansion strategy and growing role in India’s green energy ecosystem. The AIS 156-certified firm serves electric vehicles, energy storage systems (ESS), medical devices, and consumer electronics. Earlier this year, Maxvolt listed on the NSE Emerge platform, with its IPO being oversubscribed 3.3 time..
Hindalco to Invest Up to Rs 80 Billion in FY25 Capex
Hindalco Industries has planned capital expenditure of Rs 75–80 billion for the current financial year, as disclosed in a regulatory filing. Managing Director Satish Pai noted during the Q4 earnings call that this year’s capex guidance ranges between Rs 75 billion and Rs 80 billion. For the previous fiscal year, the company had spent Rs 65 billion on capital expenditure. Pai added that guidance for the next year will be available by the third quarter, as upstream projects begin to take shape. In the March 2025 quarter, consolidated net profit rose by sixty-six per cent to Rs 52.8..
Mining Gear Sector May Touch Rs 3.75 Trillion by 2030
India’s mining and construction equipment (MCE) sector, currently valued at Rs 1.33 trillion ($16 billion), is projected to grow at a compound annual rate of 19 per cent, reaching Rs 3.75 trillion ($45 billion) by 2030, as per the Confederation of Indian Industry (CII) and Kearney report. The CII-Kearney Vision Report positions India as a future global hub in the MCE sector. With a global market of Rs 1,50,00,000 billion ($18 trillion), the MCE sector supports infrastructure, energy, and industrial growth worldwide, contributing 16 per cent to global gross domestic product. India..
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