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In Coimbatore, one of the main MSME clusters in the country, price of copper has shot up by almost 75% in the past one year. One kg of copper now costs ₹1,450 as against ₹800-₹900 a kg last year. The prices had touched ₹1,500 a kg earlier in the year and softened only recently. With…
Read More “Spiralling copper prices hit MSMEs in Coimbatore” »
In Coimbatore, one of the main MSME clusters in the country, price of copper has shot up by almost 75% in the past one year. One kg of copper now costs ₹1,450 as against ₹800-₹900 a kg last year. The prices had touched ₹1,500 a kg earlier in the year and softened only recently. With…
Read More “Spiralling copper prices hit MSMEs in Coimbatore” »
Kolkata-based Ramkrishna Forgings that supplies forged, machined, and fabricated products, is investing ₹250 crore to ₹300 crore this year in multiple production facilities. Chaitanya Jalan, Joint Managing Director, said the company is investing ₹170 crore to manufacture components for passenger vehicles in Jharkhand. This will be commissioned in March- April next year. It will also…
Read More “Ramkrishna Forgings to invest ₹300 crore in 2026-2027” »
Kolkata-based Ramakrishna Forgings that supplies forged, machined and fabricated products is investing ₹250 crore to ₹300 crore this year in multiple production facilities. Chaitanya Jalan, Joint Managing Director, said the company is investing ₹170 crore to manufacture components for passenger vehicles in Jharkhand. This will be commissioned in March- April next year. It will also…
Read More “Ramakrishna Forgings to invest ₹300 crore in 2026-2027” »
Investments in automation in foundries is on the rise in Coimbatore district in September 2026. | Photo Credit: FILE PHOTO PERIASAMY M The foundry industry in Coimbatore saw 20 % growth in the last one year with robust orders, said Jayakumar Ramdass, chairman – Inter Foundry and Inter Diecast event and Managing Director of Mahendra…
Read More “Foundries in Coimbatore register 20% growth amid rising demand” »
MRF Limited reported a consolidated total income of ₹8,610.56 crore for the quarter ended June 30, 2026, up from ₹7,804.23 crore in the corresponding quarter last year. Revenue from operations grew 9.7% year-on-year and 4.8% over the previous quarter. However, consolidated net profit came in at ₹495.35 crore, down 1.3% from ₹501.82 crore a year…
Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…
Kishore Jayaraman, president of Rolls-Royce, India and South Asia, spoke at a session on “Smart Manufacturing” organised by TexasVentures and CODISSIA in Coimbatore city on Friday June 7, 2024. | Photo Credit: PERIASAMY M Creation of jobs is key for advancement of the country, said Kishore Jayaraman, president of Rolls-Royce, India and South Asia, in…
Read More “Job creation is key for advancement of the country, says Rolls-Royce India president” »