Craftsman Automation to Invest Rs 1.5 Billion in New Hosur Facility

31 Jan 2025 CW Team

Craftsman Automation Ltd, a prominent manufacturer of automotive and industrial components, has announced plans to set up a new factory at SIPCOT Industrial Park, Shoolagiri, Hosur, with an investment of approximately Rs 1.5 billion. The board approved the project to increase its aluminium product capacity in southern India, a region home to major two-wheeler and passenger car OEMs (Original Equipment Manufacturers). With current facilities operating at nearly full capacity, the company aims to meet growing demand by expanding its manufacturing infrastructure. The new facility is expected to boost production capacity by 15% within the next 9 to 12 months. Presently, the company’s plants are operating at about 75% utilisation. The new unit will enhance production efficiency while staying within 100-150 km of major OEMs. The Rs 1.5 billion investment will be largely financed through term loans (90%), with the balance funded from internal accruals, the company informed the stock exchanges. (Business Line)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..