Market News
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Himadri-backed Sicona secures AUD 45 million ARENA funding for battery technology
Sicona Battery Technologies secured significant funding for its advanced battery materials. This investment will build a commercial-scale demonstration facility in New South Wales. The new plant will produce silicon-carbon anode material for electric vehicles. This technology promises increased battery energy density and faster charging speeds. Himadri Speciality Chemical's stake in Sicona strengthens its clean energy strategy.
500 hanger cables replaced on iconic Godavari bow string arch railway bridge in Andhra
South Coast Railway has achieved a major feat, replacing 500 of 672 corroded hanger cables on the historic Godavari Bow String Arch Railway Bridge. This complex rehabilitation, done without halting train traffic, utilizes advanced corrosion-resistant materials and international expertise. A state-of-the-art monitoring system with over 272 sensors is also in place to ensure the bridge's long-term safety and reliability.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
India readies Rs 12,000 crore push for local battery component manufacturing
India is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to reduce import dependence for crucial materials like cathode and anode active materials, electrolysers, and copper foil separators. The scheme, with an estimated ₹12,000 crore allocation, will encourage domestic production and supply chain development.
Wall Street edges higher ahead of Federal Reserve rate decision, Broadcom jumps 4.4%, Applied Materials surges 8.6%
At 10:15 a.m. Eastern Time, the S&P 500 gained 0.2%, while the Dow Jones Industrial Average advanced 0.5%. The Nasdaq Composite also rose 0.2%
BMO raises Solstice Advanced Materials stock price target on nuclear growth outlook - Investing.com India
BMO raises Solstice Advanced Materials stock price target on nuclear growth outlookInvesting.com India
Arvind rallies 29% in 1 month, hits new high; what's driving textile stock?
In FY27, Arvind's management expects to maintain the growth momentum to grow at a double digit with high double-digit growth in Advanced Materials and mid-teen growth in Garments.
TACC to collaborate with NUS I-FIM for next-gen advanced materials technologies
TACC, an LNJ Bhilwara Group company and wholly owned subsidiary of HEG, has signed a Memorandum of Understanding (MOU) with the Institute for Functional intelligent Materials (I-FIM) at the National University of Singapore (NUS) to collaborate in the fields of advanced materials science, nanotechnology, and related disciplines.
Schaeffler India opens computational research infrastructure at FSID, IISC
Schaeffler India has announced the opening of a computational research infrastructure at the Foundation for Science Innovation and Development (FSID), Bengaluru. Part of Schaeffler India's purposeful engagement with IISC, premium research academia, this supported facility strengthens research capabilities by enabling HPC (High- Performance Computing) large-scale simulations, data-intensive modelling and advanced analytics across materials, energy systems, and sustainable mobility. Additionally, these improvements will foster stronger industry collaborations, improved research quality and efficiency, and increased relevance of research in industry projects.
Bodo Moller Chemie opens warehouse facility in Bengaluru
Bodo Moller Chemie has launched a new aerospace warehouse in Bengaluru. This facility will supply advanced materials to aviation and industrial manufacturers. It supports both civilian and military production, along with repair operations. The company sees significant growth potential in India's aerospace and electronics sectors.
India, EU pitch for joint initiative to strengthen EV battery recycling
India and the European Union have launched a new initiative to recycle electric vehicle batteries. This joint effort aims to secure raw materials and promote a circular economy. A funding pool of 15.2 million euro will support advanced recycling technologies and pilot projects in India. The program will bring together researchers, industries, and startups to develop innovative solutions.
Japanese company Proterial plans to make magnets & more in India
Proterial, a Japanese supplier of advanced materials, is exploring India as a site to manufacture rare‑earth magnets and cutting‑edge EV magnets. With government incentives underpinning investment, the move could strengthen local production and supply‑chain resilience. India is part of Proterial’s broader market assessment as it maps out a major manufacturing expansion.