Cabinet Approves Rs 3.7 Billion Semiconductor Plant in Jewar

21 May 2025 CW Team

The Union Cabinet has approved a semiconductor manufacturing facility worth Rs 3.706 billion in Jewar, Uttar Pradesh. The project is a joint venture between HCL and Foxconn, aimed at producing display driver chips for mobile phones, laptops, and vehicles.

The upcoming unit will process twenty thousand wafers each month and produce around 36 million chips. It will be the sixth semiconductor facility approved in India, and will manufacture advanced chips essential for electronics and automotive sectors.

The new plant is expected to begin operations by 2027 and generate direct employment for about two thousand individuals. Currently, India’s electronics manufacturing industry employs approximately 2.5 million people, and the project is expected to significantly boost job creation.

Foxconn, a key global electronics manufacturer, is known for supplying major companies like Apple. The facility will also contribute to Foxconn’s global supply chain while catering to domestic demand.

The government sees this project as a foundation for future display panel manufacturing in India, supporting its goal to reduce import dependence and build a robust semiconductor ecosystem.

Source:Millennium Post

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..