Kinetic Invests Rs 50 million More

15 Apr 2025 CW Team

Kinetic Engineering Limited (KEL) has invested Rs 50 mn in its wholly-owned subsidiary, Kinetic Watts and Volts Limited (KWVL), by subscribing to five mn equity shares at Rs 10 each, as per its recent filing with the Bombay Stock Exchange. This move raises KEL’s stake in KWVL from 61.63 per cent to 66.11 per cent, reinforcing its strategic ambitions in the automotive and mobility technologies space.

KWVL, incorporated in September 2022, has yet to generate revenue but is positioned to contribute to KEL’s future growth in the electric and advanced mobility domain. The investment, made in cash, is classified as a related party transaction executed at arm’s length, and does not require regulatory approvals.

KEL, founded in 1970 and based in Pune, has transitioned from two-wheeler manufacturing to producing transmission systems, engine components, and other critical automotive assemblies, operating from its facility in Ahmednagar, Maharashtra. Listed on the BSE, KEL continues to support expansion through such targeted investments in mobility-focused ventures like KWVL.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..