Healthium To Invest Rs 1.5 Billion In New Sri City Medtech Unit

25 Nov 2025 CW Team

Healthium Medtech has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to establish Healthium Medtech Unit 2 at the Sri City Industrial Park in Tirupathi district, Andhra Pradesh. The investment of Rs 1.5 billion will be made in two phases.

The new unit marks an expansion of Healthium’s existing operations in Sri City, where the company began manufacturing sutures and meshes in 2012. “The addition of Unit 2 consolidates the company’s foothold in a region that has matured into a competitive hub for medtech manufacturing,” the company said in a statement on Wednesday.

The proposed facility is expected to generate 300 direct jobs by 2027 and around 100 indirect employment opportunities.

Healthium CEO and Managing Director Anish Bafna said the decision to set up the new unit reflects the rising demand for resilient, high-quality medtech manufacturing. “This expansion aligns with Healthium’s vision to deliver accessible, high-quality and ‘Made in India’ medical devices to patients worldwide,” he said.

APEDB CEO C.M. Saikanth Varma noted that the project strengthens Sri City’s position as a preferred destination for advanced medical device manufacturing. He added that the collaboration supports the state’s vision of a future-ready manufacturing corridor that promotes stable employment and technological depth.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..