News

Balu Forge Industries Acquires Large-Scale Ring Rolling Line for India

Balu Forge Industries Ltd, a leading force in heavy engineering and precision machining, has announced the successful acquisition of a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD). With this acquisition, Balu Forge Industries Ltd becomes one of the largest ring rolling facilities in India, significantly expanding the nation’s domestic heavy manufacturing capabilities.

AIFI’s 2nd Annual Conference Calls for Smarter, More Resilient Forging Industry

The Association of Indian Forging Industry (AIFI), the apex body of the Indian forging sector, successfully hosted its 2nd Annual Conference on the theme ‘New Development Trends – Impact on Forging Industry’, bringing together leading industry stakeholders to deliberate on the evolving business environment and the opportunities and challenges shaping the future of the Indian forging industry.

Kennametal Becomes NASCAR’s Official Tooling Supplier

Kennametal Inc announced it has been named the Official Tooling Supplier of NASCAR. Dave Bersaglini, Kennametal Vice President and President of Metal Cutting, unveiled the designation at the company’s Next Level Shop exhibit on the first day of the International Manufacturing Technology Show (IMTS) 2026.

Medical Fair India 2026 Highlights India’s US$18 Billion MedTech Sector

India’s medical device sector has grown from a US$ 5 billion industry in 2020–21 to US$ 18 billion today, reflecting the country’s expanding capabilities in medical technology manufacturing and its transition from import dependence towards greater self-sufficiency. The sector’s growth, supported by Government policies and increased manufacturing activity, was a key focus of the opening day of the 32nd edition of Medical Fair India 2026, organized by Messe Düsseldorf India at the Bombay Exhibition Centre, Mumbai.

Exel Composites, FLYING WHALES Enter Process Validation for LCA60T

Global composites manufacturer and pull-winding expert Exel Composites has developed a new purpose-equipped production capability at its factory in Joensuu, Finland, to support its collaboration with FLYING WHALES, the French-Canadian aeronautical company developing the innovative LCA60T airship. The new production environment provides the process control, repeatability, and capacity required for highly demanding applications such as aerospace.

Raghu Vamsi Group Names Amit Pathak Group Chief Business Officer

Raghu Vamsi Group, the Hyderabad-headquartered precision aerospace and defence manufacturing group, has appointed Amit Pathak as its Group Chief Business Officer. In his new role, Pathak will lead the Group’s commercial strategy and growth across all five business segments.

AFM Cluster Marks 80th Anniversary with ‘Fast Movers’ Vision

Under the slogan ‘Fast Movers’, AFM Cluster—Spanish advanced & digital manufacturing group—celebrated its 80th anniversary on October 1, 2026, at Tabakalera in Donostia-San Sebastián, at an event that brought together more than 400 attendees, including representatives of its member companies, institutions, partners, and professionals linked to industry.

SkyPulse Solutions, HAL Plan INR 2,491Cr 30-Helicopter Program

SkyPulse Solutions IFSC Pvt Ltd and Hindustan Aeronautics Ltd (HAL) sign a Memorandum of Understanding (MoU) to establish a strategic framework for the acquisition, financing, leasing, deployment, and lifecycle support of HAL-manufactured helicopters, with the proposed 30-helicopter program estimated at INR 2,491 crore.

Musashi India, Bhago Mobility Sign LOI for 3W e-Axles

Musashi Auto Parts India Pvt Ltd, has signed a Letter of Intent (LOI) with Bhago Mobility Solutions Pvt Ltd for the supply of electric powertrain systems for the fixed-battery variant of its upcoming three-wheeler passenger vehicle platform, Bhago Bhim™, which is being developed in both battery-swap and fixed-battery configurations. The partnership supports both companies’ efforts to contribute to India’s growing EV market.

JCBL Group Receives DRDO ToT for C-130J/C-17 Aircraft Heavy Drop System

JCBL Group has received the Licensing Agreement for Transfer of Technology (LAToT) for the Heavy Drop System - 20T (Type V) for C-130/C-17 aircraft from the Aerial Delivery Research and Development Establishment (ADRDE), Defence Research and Development Organisation (DRDO).

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