NOVEMBER 20268TOP STORIESItaly-based tyre manufacturer Pirelli has signed a strategic agreement with Mumbai-based Balkrishna Industries Ltd (BKT) to produce up to 800,000 premium car tyres in India by 2030. The partnership aims to tap the country's growing passenger vehicle market and rising demand for high-value tyres.Under the agreement, BKT will manufacture Pirelli-branded premium car tyres at a newly constructed plant. The facility will use advanced technology and follow Pirelli's specified technological and quality standards. The companies also plan to establish a 50:50 joint venture in the second phase. The proposed venture will build a dedicated facility to manufacture high-value car tyres under both brands, subject to certain conditions. Tata Power is setting up Odisha's first policy-led GCC with an initial investment of Rs 54.31 crore. The center will develop digital solutions for the power and energy sector. It is expected to become fully operational within the next three months and create 110 high-skill jobs in the state. The center is being established in Khordha district under the Odisha Global Capability Centre (GCC) Policy, which was unveiled last year. The policy aims to attract more than Rs 1,000 crore in investments across seven regional hubs, including Bhubaneswar, Cuttack, Puri, Paradip, Bargarh, Jharsuguda, and Sambalpur. A senior Tata Power executive said the investment would primarily cover information technology infrastructure, software licenses, office setup, and manpower. These resources will help the company build the technology and talent base needed to support its operations. AI vehicle testing is emerging as an important tool for automotive manufacturers seeking to manage the growing complexity of vehicle development. HCLTech's launch of an artificial intelligence-powered Verification and Validation (V&V) solution, built on NVIDIA's simulation technologies, brings this challenge into focus. The service is aimed at vehicle manufacturers and Tier 1 suppliers who want automated software validation, broader testing coverage and sped-up release cycles.Manufacturers are under immense pressure to meet software testing and compliance requirements as vehicles' connected features and electronic systems rely heavily on software. Virtual simulation could help address these pressures by reducing reliance on physical tests, although its actual impact on automotive engineering costs will depend on implementation and measurable results. Diamond Power Infrastructure Ltd plans to invest Rs 25 crore in a new high-voltage cable manufacturing line at its Vadodara facility. The company, which operates under the DICABS brand, will use the investment to manufacture cables rated up to 132 kV. The expansion aims to meet rising demand for underground power cables from utilities, renewable energy parks, transmission developers, and data centers. The company said on Thursday that the investment will cover a new Catenary Continuous Vulcanisation (CCV) line Bharat Coal Gasification and Chemicals Limited (BCGCL) has moved its Rs 25,000 crore coal gasification project from planning towards physical execution. At Lakhanpur in Odisha's Jharsuguda district, construction activity has begun on an industrial project that could reshape how India uses its domestic coal.The facility will mark India's first commercial-scale deployment of indigenous gasification technology to produce technical-grade ammonium nitrate. Its progress signals a major step towards converting domestic coal into valuable industrial chemicals. India's coal-to-chemicals ambition is now taking shape at commercial scale. PIRELLI-BKT DEAL TARGETS 800,000 PREMIUM CAR TYRES BY 2030BCGCL KICKS OFF 25,000 CR ODISHA COAL GASIFICATION PROJECTODISHA LANDS FIRST POLICY-LED GCC AS TATA POWER INVESTS RS 54 CROREHCLTECH AI VEHICLE TESTING TARGETS AUTO ENGINEERING COSTSDIAMOND POWER BETS RS 25 CRORE ON HIGH-VOLTAGE CABLE EXPANSIONand an extension of the existing factory floor. It will fund the project through internal accruals, without relying on external financing for the announced investment. Machinery delivery is expected by August 2027, while commissioning is targeted for December 31, 2027. The new line is expected to strengthen the company's manufacturing capacity and help it serve customers seeking larger volumes within shorter delivery timelines.
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