8JUNE, 2026TOP STORIESSigma Advanced Systems has secured a Rs 208 crore artillery shell export order in a significant boost for India's growing defense manufacturing and export sector. Sigma Advanced Systems has secured an export contract worth approximately Rs 208 crore (USD 21.97 million) for the supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America.The latest development strengthens the company's position in the global defense supply chain and highlights the increasing demand for Indian-made military equipment in international markets. The deal announcement comes at a time when India's defense exports are witnessing rapid growth, driven by government initiatives aimed at promoting indigenous manufacturing and expanding the country's presence in global defense markets. Adani Ports and Special Economic Zone (APSEZ) has secured a landmark 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project, marking its formal Indian companies are raising prices and shrinking pack sizes as Iran's war-driven oil, freight and input costs surge, squeezing margins, forcing companies to rethink pricing, costs and supply chains. From FMCG to automobiles and aviation, businesses are grappling with rising oil prices, higher freight and insurance costs, and currency pressures, forcing a mix of pricing actions and cost-control measures.Consumer goods companies such as Hindustan Unilever, Godrej Consumer Products, and Dabur India India is exploring new opportunities with Russia to strengthen its access to critical minerals, fertilizers, and mining resources as part of a broader economic cooperation strategy. The Critical Mineral Challenge has become a key concern for India as the country accelerates its manufacturing growth, energy transition, and electric vehicle ambitions.Addressing the Critical Mineral Challenge is now a strategic priority, prompting India to look at resource-rich nations such as Russia for long-term supply security and investment opportunities. The initiative comes under the proposed "Making in Russia for India" framework, which aims to encourage Indian companies to establish joint ventures and partnerships in Russia to secure essential raw materials and fertilizer supplies. The move reflects India's growing focus on building resilient supply chains amid rising global competition for strategic resources. India has officially started the retail sale of E85 Petrol, marking a significant step in the country's push toward cleaner and more sustainable fuels. The launch of E85 Petrol at a price of Rs 82.12 per litre has attracted attention due to its substantial cost advantage over conventional petrol and E20 fuel.The new fuel blend is expected to support India's ethanol-blending goals, reduce dependence on crude oil imports, and promote environmentally friendly transportation solutions. The first E85 fuel dispensing station has been launched in Delhi, making India one of the few countries actively promoting high-ethanol fuel blends. While the lower price tag has generated excitement among motorists, experts emphasize that E85 Petrol is suitable only for specific vehicles designed to handle higher ethanol content.SIGMA ADVANCED LANDS RS 208 CRORE ARTILLERY SHELL EXPORT DEALINDIA BEGINS E85 PETROL SALES WITH MAJOR PRICE ADVANTAGEADANI PORTS ENTERS SOUTH AMERICA WITH 10-YEAR ARGENTINA LNG CONTRACTCAN RUSSIA SOLVE INDIA'S CRITICAL MINERAL CHALLENGE?INDIA INC SHRINKS PACKS, RAISES PRICES AS IRAN WAR PRESSURES MARGINSentry into the South American market. The deal represents a strategic expansion of the company's global maritime portfolio and reinforces its growing presence in energy-linked logistics.The contract, awarded through an international competitive bidding process, will be executed by Adani Harbor International FZCO, a step-down subsidiary of APSEZ, in partnership with Argentina-based Meridian Group. The collaboration will operate through a joint venture entity, further strengthening local integration and execution capabilities. The project is being developed by Southern Energy S.A. (SESA).
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