Engineering firm Thejo embarks on ₹70-cr. expansion plan
The Hindu
Trial runs are on and commercial production will commence soon
City-based Thejo Engineering Ltd., (Thejo), an engineering solution provider to the crore sector, has embarked on a ₹70 crore expansion plan.
“We have expanded our existing manufacturing facility in Chennai at a cost of ₹45 crore taking the annual production capacity of moulded products from 2,400 tonnes to 3,600 tonnes,” said M.D. Ravikanth, CFO, in an interaction.
Thejo caters to core sector industries such as steel, mining, power and ports. In Ponneri, the expanded facility will produce rubber screens, mill liners, diaphragms, shell lifter bars, pinch valves, splicing kits and rubber sheets.
“Trial runs are on and commercial production will commence soon. The expansion has been done to take Thejo to the next phase of growth,” he said.
Thejo group has five facilities in Chennai, two in Australia, one in Saudi Arabia and warehouses in Chile and Brazil. It has distributor networks in the UAE and Africa and is in the process of establishing one in Europe.
“The expansion work at Australia has been moved to a new facility. The ₹25 crore expansion work at Saudi Arabia will start soon. The project costs will be met through internal accruals and borrowings,” he said.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.
Bombay High Court halts fraud notices to Anil Ambani, questioning banks' compliance and the audit's validity.
Explore the key business events that defined India in 2025, from trade wars to regulatory reforms and corporate expansions.
The rarely-used eight-unit Fisk power plant owned by Houston-based NRG Energy was scheduled to retire next year. But then came from artificial intelligence.
The rupee gains 12 paise to 89.51 against the U.S. dollar, buoyed by RBI's liquidity support.
In a recent conversation with Dwarak Rajagopal, Head of AI Research at Snowflake, what stood out was not optimism or scepticism, but maturity.
Explore how India's export landscape is increasingly dominated by a few states, revealing regional disparities and structural challenges.