Aequs and Magellan Aerospace Sign MOU for Engine MRO Business

JSW Steel, POSCO plan 6 MTPA steel plant in India

JSW Steel, India’s leading steel producer, and South Korea’s POSCO Group, a global leader in the industry, have signed a non-binding Heads of Agreement (HoA) to jointly explore setting up a 6 million tonnes per annum (MTPA) integrated steel plant in India.The HoA, signed in Mumbai, marks an important milestone in strengthening the strategic partnership between the two companies. It follows a Memorandum of Understanding (MoU) signed in October 2024 and sets out the broad framework for a proposed 50:50 joint venture. The agreement was signed in the presence of Mr Lee Ju-tae, Representative D..

Websol Energy revenue up 96 per cent in Q1 FY26

Websol Energy System Limited, one of India’s leading manufacturers of high-efficiency solar cells and modules, has announced its unaudited financial results for the quarter ended 30 June 2025, showing strong growth across all metrics.Financial HighlightsRevenue from operations stood at Rs 2.19 billion, up 96 per cent year-on-year from Rs 1.12 billion in Q1 FY25.EBITDA reached Rs 1.04 billion with a margin of 47.3 per cent, compared with Rs 440 million and a margin of 39.4 per cent in Q1 FY25.Profit before tax (PBT) rose to Rs 910 million, an increase of 186 per cent from Rs 320 million in th..

ITI honoured by ISRO for role in NISAR satellite launch

ITI Limited, India’s first PSU established after independence and a leading telecom manufacturer, has been recognised by the Indian Space Research Organisation (ISRO) for its contribution to the successful launch of the NASA–ISRO Synthetic Aperture Radar (NISAR) satellite on 30 July 2025. The appreciation highlights ITI’s timely realisation of avionics systems while meeting all quality standards set by the Vikram Sarabhai Space Centre (VSSC).The landmark mission was carried out by ISRO’s GSLV-F16 rocket, which placed the 2,393 kg NISAR satellite into its intended orbit from the Satish ..