Manali Petrochemicals expands Propylene Glycol capacity to back 'Make in India'
Manali Petrochemicals Limited launched its expanded Propylene Glycol plant. This aligns with the Make in India vision. The expansion will increase production by 50,000 KTPA. The facility awaits approval from the Tamil Nadu State Pollution Control Board. This move aims to reduce India's reliance on Propylene Glycol imports. It will also strengthen India's position as a global manufacturing hub.
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Time of India
14 hours ago
- Time of India
Manali Petrochemicals expands Propylene Glycol capacity to back 'Make in India'
Synopsis Manali Petrochemicals Limited launched its expanded Propylene Glycol plant. This aligns with the Make in India vision. The expansion will increase production by 50,000 KTPA. The facility awaits approval from the Tamil Nadu State Pollution Control Board. This move aims to reduce India's reliance on Propylene Glycol imports. It will also strengthen India's position as a global manufacturing hub.
Business Standard
18 hours ago
- Business Standard
Dixon Tech climbs on signing two strategic deals to boost electronics manufacturing
Dixon Technologies (India) rose 1.63% to Rs 16076.20 after the company announced two major strategic agreements aimed at strengthening its presence in India's electronics component ecosystem. In the first deal, Dixon signed a binding term sheet to acquire a 51% stake in Q Tech India. The collaboration will focus on manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications. The acquisition will be completed through a mix of primary and secondary investments and is subject to regulatory approvals and definitive agreements. Atul B. Lall, vice chairman and managing director of Dixon Technologies (India), added that "Acquiring majority stake in Qtech India is a major step forward in Dixons journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the company. The proposed acquisition of a majority stake in Q Tech India aligns with our long-term vision to be a leading enabler in Indias electronics manufacturing ecosystem by combining Q Techs technological expertise with Dixons manufacturing scale and operational excellence." In a separate development, Dixon also entered into a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. to form a joint venture in India. Under the proposed structure, Dixon will hold a 74% stake, while Chongqing will own 26%. The JV will engage in the manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products in India. Commenting on this alliance, Lall added, "We are delighted to announce our strategic collaboration with Chongqing Yuhai Precision Manufacturing Co., a global leader in mechanical enclosures through a prospective joint venture. This joint venture with Chongqing will focus on manufacturing precision mechanical & metal parts & components for a wide range of applications including laptops, mobiles, IoT, automotive which is a significant step in our effort towards localisation of key components, deepening backward integration in Dixon value chain & supporting the Make in India initiative of the government. We look forward to combining Chongqing's deep technical expertise with Dixons robust manufacturing infrastructure & customer access. This will mark a significant step forward in our continued journey to strengthen Indias electronics manufacturing ecosystem through high-precision components and advanced technologies. We look forward to mutually enrich this relationship that creates long-term value for our customers and stakeholders." Dixon Technologies is a design-led solutions provider engaged in manufacturing products across consumer durables, lighting, and mobile phone segments in India. The company is scheduled to announce its Q1 results on 22 July 2025. On a consolidated basis, net profit of Dixon Technologies (India) surged 321.16% to Rs 400.82 crore while net sales soared 120.97% to Rs 10292.54 crore in Q4 March 2025 over Q4 March 2024.
Indian Express
a day ago
- Indian Express
In meeting with Shah, Naidu seeks support for Polavaram-Banakacherla link project
In meetings with Union ministers in New Delhi, including Home Minister Amit Shah, Andhra Pradesh Chief Minister N Chandrababu Naidu sought the Centre's support for the Polavaram-Banakacherla link project, which he said would help drought-proof the Rayalaseema region. Naidu said the project proposes to divert 200 TMC of floodwater from Polavaram to the Banakacherla regulator in Kurnool district. Even after meeting the needs of upper and lower riparian states, surplus water from the Godavari flows for 90 to 120 days, he told Shah. Andhra Pradesh, being the last state on the river's course, has a rightful claim to fully utilise this water, he said. The Chief Minister said a revised Detailed Project Report (DPR) will be submitted soon and sought timely approvals. The Polavaram project is located in Eluru and East Godavari districts, while Banakacherla lies in Kurnool. The plan involves a three-part water transfer system: the Bollapalle reservoir in Palnadu district, lift irrigation systems, and tunnels through the Nallamala hills. Naidu said the project would support national missions such as Jal Jeevan, Blue Revolution, and Make in India. He also raised concerns about the state's financial condition and urged the Centre for additional support. He informed Shah that the 16th Finance Commission has been requested to consider the financial losses suffered by Andhra Pradesh due to bifurcation while allocating funds. In his meetings with Shah and NITI Aayog member V K Saraswat, Naidu also raised other issues concerning the state's development. The Chief Minister thanked the Centre for its support during the state's 'challenging times' over the past year and said Andhra Pradesh is working to rebuild its economy with Central assistance. With Saraswat, Naidu discussed plans to set up aerospace and defence industries in the Rayalaseema region. They spoke about the region's suitability for such industries and steps needed to attract investment. Delhi Metro Rail Managing Director Dr Vikas Kumar also met the Chief Minister. They discussed cooperation on the construction of metro projects in Visakhapatnam and Vijayawada.
