Market & News

ABB announced today that it will invest a further ~$75 million in India during 2026 to significantly expand its manufacturing footprint and research and development (R&D) capabilities. This investment, combined with its 2025 spend of over $35 million, reflects ABB's commitment to scaling its local-for local strategy in India. Approximately 85 percent of ABB's products and solutions sold in India are manufactured locally.

The investment will support growth across ABB's Electrification, Motion and Automation business areas. It follows a decade of strong annual growth in the country, where ABB has invested more than $230 million over this period to strengthen India's position as a global manufacturing hub. This year marks ABB's 76th year of operations in the country.

ABB is investing $14 million in its two Nelamangala campus facilities to drive continued growth and deepen its localization strategy. Building on earlier enhancements, the company is expanding production capabilities at Campus 1 and preparing the launch of new technology ranges in 2026, including advanced electrical protection and enclosure solutions. A major focus of the investment is the scaling of ABB's converter manufacturing facility, which will play a central role in supporting India's fast-growing sustainable mobility sector. Over the next three to five years, ABB plans to significantly expand its portfolio serving high-speed rail and metro transportation, reinforcing its capabilities across propulsion systems, converters, traction motors and related services.

ABB is investing $21 million in its Peenya operations to expand manufacturing capacity and strengthen advanced technology capabilities. Key investments center on increasing manufacturing facilities for low-voltage drives, and specialized motors such as flameproof (Ex) motors, roller-table motors, and large smoke-venting motors. The company is also enhancing its services and digital capabilities by adding an innovation lab, remote monitoring and diagnostics, and upgraded training facilities. Additionally, ABB is modernizing its high-precision electromagnetic flowmeter calibration rig, supporting greater localization and advanced equipment manufacturing in India.

ABB is currently progressing a multi-phase laboratory and office project in Hyderabad investing $12 million in 2026 as part of phase one which includes the February 2026 operations relocation to a 12,400+ sqm leased office and lab space. For Phase two, a state-of-the-art High Power lab on ABB-owned 16,630 sqm land, is scheduled for 2026. This hub will house R&D and engineering employees.

In Nashik, ABB is expanding its current facility with an investment of $22 million for the production of indoor and outdoor circuit breakers. In addition, the enlarged facility will also feature an expanded Vacuum Interrupter (VI) factory. The expansion will also drive a localization of 33kV Primary Gas Insulated Switchgear and new SF6-free technologies by 2028.

ABB will invest $6 million to expand its manufacturing footprint at its location in Vadodara, with a focus on scaling up its slow-speed synchronous generators facility and increasing the capacity of the induction motors factory to support growing demand from core industries such as metals, oil & gas, cement and wind. The company will also expand its services workshop, improve further facilities and establish a training center.

Mahindra & Mahindra announced the details of production, sales and export figures of the Company for the Month of February 2026.

Reliance Retail has completed the acquisition of brand ‘Pahadi Local' along with business from Pahadi Goodness. ‘Pahadi Local' is a fast-growing Indian beauty and wellness brand known for its nature-led, Himalayan-inspired formulations.

Founded with a mission to bring the purity and efficacy of Himalayan ingredients into everyday personal care, Pahadi Local has emerged as a distinctive player in India's rapidly evolving beauty and wellness landscape. The brand is recognised for its clean formulations, conscious sourcing practices, and strong appeal among consumers seeking authentic, sustainable alternatives in skincare and wellness.

Pahadi Local's portfolio is rooted in traditional Himalayan wellness knowledge, elevated through modern formulation science to deliver high-efficacy, purpose-led skincare. The brand works closely with women-led self-help groups across Ladakh and Himachal Pradesh, supporting local livelihoods alongside initiatives in healthcare, education, and environmental preservation. Its hero ingredient, Gutti Ka Tel (Apricot Kernel Oil), has earned industry recognition and strong consumer loyalty, alongside appreciation from leading voices and celebrities, and acknowledgment from Prime Minister Narendra Modi for its contribution to indigenous sourcing and enterprise. The brand's focus on transparency, minimal processing, and environmentally responsible practices aligns with Reliance Retail Limited's long-term vision for its beauty and personal care portfolio.

Sundaram Brake Linings has appointed Hari S as the Chief Financial Officer of the Company and designated him as Key Managerial Person with effect from 09 March 2026.

Titan Company has fully redeemed commercial paper of Rs 1,500 crore on 09 March 2026.

LKP Finance has allotted 6,14,46,000 equity shares of Rs 10 each under bonus issue in ratio of 4:1. Consequently, the paid up equity share capital has increased to 7,68,08,250 equity shares of Rs 10 each.

Hindustan Organic Chemicals (HOCL) announced that the Government of India has directed that all Public Sector Oil manufacturing companies to ensure that LPG procured or marketed by Public Sector Companies is supplied exclusively to domestic LPG consumers.

In view of this, BPCL being the bulk LPG supplier of HOCL informed that a force majeure event has occurred which is affecting BPCL ability to supply bulk LPG as per the prevailing sale agreement.

 In response, HOCL has informed to BPCL that in the event of disruption in LPG supply the plant may have to shut down resulting in production loss and incurring plant restart related expenditure.

The company said, HOCL, Kochi unit in the state of Kerala (Phenol Complex) is the only manufacturing unit of the company which is engaged in manufacturing of Phenol, Acetone, Hydrogen Peroxide. The buffer stock of LPG available with us will be fully utilized by today evening. Due to the disruption in the continuous supply of LPG by BPCL, the production load of the Phenol & Cumene plant has been reduced. Furthermore, due to the continuous disruption of LPG supply the HOCL plant is compelled to temporarily shut down operations of PRU unit today i.e 09.03.2026 and all other down the line units by 2 days. However, the Hydrogen Peroxide plant will continue to operate as usual.

Sterling Powergensys will hold a meeting of the Board of Directors of the Company on 14 March 2026.

Federal Bank has allotted 86,162 equity shares under ESOP on 09 March 2026.

Adani Enterprises has incorporated a wholly owned subsidiary, CORR TOLLWAYS (CTL) on 09 March 2026.

CTL shall be engaged in the business to undertake, operate and execute the Tolling, Operations and Maintenance (O&M) of the Chennai Outer Ring Road (CORR) Phase I (Vandalur to Nemilichery) and Phase II (Nemilichery to Minjur in TPP Road), including all associated facilities and infrastructure, pursuant to the concession, license or authorization granted by the Tamil Nadu State Highways Authority (TANSHA).