L&T Tech Selected by TRATON as Key Partner for Global R&D Shift
L&T Technology Services, today announced that it has been chosen by the TRATON GROUP, one of the world’s leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS’ Mobility segment will support TRATON’s roadmap to build a unified, future-ready product- development platform that delivers scale, speed, and sustainable mobility solutions worldwide.TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability t..
Bharat Forge Completes Acquisition of AAM India Manufacturing
In continuation to the announcement of 17th October 2024, and post receiving approval from CCI on 22nd April 2025 for the transaction, BFL successfully concluded the acquisition of AAM India Manufacturing (AAM India) at an Equity Value of Rs 7,464.6 million including Cash on books of the acquired entity of Rs 1,894.8 million. This cash is available for addressing future growth opportunities.The final equity value is subject to Net Working Capital adjustments as of June 30, 2025.We are acquiring an entity which has a formidable name in the automotive products space supplying to all major OEM ac..
Jindal Steel Wins LoI for Roida-I Iron Ore, Manganese Block in Odisha
Jindal Steel today announced a significant milestone in its strategic growth journey. The Government of Odisha has issued a Letter of Intent (LoI) to the Company for the grant of a 50-year Mining Lease for the Roida-I Iron Ore and Manganese Block, located in Keonjhar District. Spread across 104.84 hectare, this vital mineral resource significantly enhances Jindal Steel’s raw material security and underscores its commitment to integrated and sustainable steel production in India’s mineral-rich eastern corridor.The Roida-I Iron Ore and Manganese Block comes with an Environmental Clearance ca..
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