Indian auto component industry likely to grow 8-10% in FY23

Balu Forge Q1 FY27 Profit Rises 15.9 Per Cent to Rs 661 Mn

Balu Forge Industries Ltd (BFIL) reported a 29 per cent year-on-year increase in revenue from operations to Rs 3,007 million for the quarter ended June 30, 2026, compared with Rs 2,332 million in Q1 FY26.The precision engineering and manufacturing company recorded EBITDA of Rs 848 million, up 17.3 per cent from Rs 723 million in the corresponding quarter last year. EBITDA margin stood at 28.2 per cent, compared with 31 per cent in Q1 FY26.Profit after tax increased 15.9 per cent YoY to Rs 661 million from Rs 570 million, while PAT margin stood at 21.7 per cent. Earnings per share rose 8.9 per ..

JCB Hydromax Sets Hydrogen Land Speed Record at 406.320 mph

British engineering major JCB has set a new world land speed record with its hydrogen-powered JCB Hydromax, achieving an average speed of 406.320 mph at the Bonneville Salt Flats in the US.The 32-foot, twin-engined vehicle recorded 400.623 mph on its first run and 412.135 mph on the return run. The two speeds produced the record average of 406.320 mph, making it the fastest hydrogen internal combustion vehicle to have travelled on land, according to JCB.Wing Commander Andy Green OBE drove the Hydromax during the record attempt. Under FIA regulations, the vehicle completed two runs in opposite ..

Hindalco Baphlimali Mine Secures ASI Certification

Hindalco Industries has announced that Utkal Alumina International Limited’s Baphlimali Bauxite Mine in Rayagada district, Odisha, has achieved Aluminium Stewardship Initiative (ASI) Performance Standard V3.1 certification.With this achievement, Baphlimali has become the first bauxite mining operation in India to secure ASI Performance Standard V3.1 certification.The certification covers planning, mining, onsite crushing and conveyor transportation of bauxite from the mine, which has an annual production capacity of 8.5 million tonnes. The mine supplies bauxite to Utkal Alumina’s refinery ..