Vedanta plans to invest around $550 million in AvanStrate

15 Nov 2024 CW Team

Vedanta Limited is set to invest approximately $550 million in its group company, AvanStrate Inc. (ASI), a global leader in display glass manufacturing. Earlier this year, Vedanta acquired a 98% stake in ASI, and this new investment is aimed at driving innovation and expanding ASI鈥檚 capabilities in research and development (R&D), manufacturing, and product offerings.

AvanStrate operates in Taiwan, South Korea, and Japan and is focused on developing next-generation glass products for advanced packaging. These innovations are expected to cater to high-growth sectors such as semiconductors, biotechnology, automotive displays, and other emerging industries.

Vedanta sees the strategic investment as an opportunity to strengthen its position in the high-tech sector, including advanced display glass solutions. The global specialty glass market, which is currently valued at $42 billion, is projected to grow to $60 billion by 2030. AvanStrate鈥檚 advanced manufacturing facilities and strategic partnerships place it in a strong position to meet this growing demand and contribute significantly to the global supply chain.

The company also highlighted AvanStrate's exploration of technological collaborations to enhance its market offerings and drive further advancements in glass technology.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..