HFCL inflation 4.5% after defence manufacturing facilities in Andhra Pradesh are approved

Shares of HFCL gained over 4% on Friday, September 12, after the State Investment Promotion Board approved the acquisition of 1,000 acres of land in Andhra Pradesh for setting up defence manufacturing facilities. The Andhra Pradesh Industries and Commerce Department has announced that the State Investment Promotion Board has approved the company’s proposal to acquire…

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New funding from ChrysCapital and InCred to position ILJIN Electronics as key player in India’s growing EMS sector

ChrysCapital and InCred Growth Partners have contributed ₹1,200 crore to ILJIN Electronics (India) Pvt Ltd, a subsidiary of Amber Group, in order to expand operations, improve technology, and pursue acquisitions in India’s growing electronics industry. According to a press release, ChrysCapital will invest ₹1,100 crore, and InCred PE will contribute ₹100 crore through stock and…

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