PM Launches Rs 2 Trillion Projects in Vizag

Schaeffler India Appoints Amit Bhalerao as COO

Schaeffler India has appointed Amit Bhalerao as Chief Operating Officer (COO), effective August 10, 2026. He will lead the company's manufacturing operations across India and oversee operational excellence, manufacturing strategy, digital transformation and capability development.As a member of Schaeffler India's Executive Leadership Team, Bhalerao will work with business and functional leaders to strengthen the company's manufacturing footprint, improve operational performance and accelerate localisation initiatives. He will also focus on developing future-ready manufacturing capabilities acr..

RHI Magnesita India Q1 FY27 Revenue Rises 6%

RHI Magnesita India Limited reported consolidated revenue from operations of Rs 10.14 billion for the first quarter ended June 30, 2026, registering a 6% year-on-year increase.Operating EBITDA rose 42% YoY to Rs 1.47 billion, while the operating EBITDA margin improved by 3.7 percentage points to 14.5%. Profit after tax increased 83% YoY to Rs 0.65 billion.The company's shipment volumes stood at 122 KT during the quarter, while its net cash-to-EBITDA ratio was 0.27x.Parmod Sagar, Chairman, RHI Magnesita India, said the company delivered healthy growth in revenue and profitability despite pricin..

HCC Secures Rs 5.24 Billion NHPC Contract in Jammu & Kashmir

Hindustan Construction Company Limited (HCC) has secured a Rs 5.24 billion contract from NHPC Limited for works at the Salal Power Station in Jammu & Kashmir.The project involves civil and hydro-mechanical works, along with associated ancillary and enabling works, to make the undersluices of the concrete dam fully functional and operational. The contract is scheduled to be completed within 27 months.The rehabilitation of the undersluices is expected to improve the operational efficiency of the Salal Power Station, enhance sediment management and strengthen the long-term safety and reliabil..