NDR Auto, Hayashi Form JV; Mitsu Chem Wins Risk Award

14 May 2025 CW Team

NDR Auto Components Limited has entered into a 50:50 joint venture with Japan-based Hayashi Telempu, with both firms investing Rs 333 million each. The partnership aims to introduce cutting-edge automotive interior solutions, including technologies for noise, vibration and harshness (NVH) control and ambient lighting, to the Indian market. Their first order—ambient lighting systems for Toyota—will feature vehicle-mounted illumination for shift levers, headliners, and instrument panels.

Hayashi Telempu, with 2024 revenues of USD 2.1 billion, brings deep expertise in cabin comfort and product innovation, while NDR Auto leverages its established presence in the Indian auto component sector. The companies plan to eventually localise production of these offerings.

Meanwhile, Mitsu Chem Plast Limited has been honoured with the “Master of Risk – Manufacturing (Small Cap)” award at the 11th India Risk Management Awards hosted by CNBC-TV18. Recognised for its robust risk management practices in manufacturing hospital furniture components and packaging products, Mitsu received the accolade among peers from Wipro, Tata Group, Hindustan Zinc, and others. Chairman Jagdish Dedhia credited the award to the firm’s proactive approach and organisational resilience.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..