Archive: July 31, 2026

Copper Manufacturers Wiring the Nation’s Construction Boom

India’s construction sector is copper‘s biggest customer, and the numbers are starting to show it. The country’s copper demand climbed 9.3% year-on-year to 1,878 kilotonnes in FY25, with the building construction and infrastructure segments growing 11% and 17%, respectively, according to the International Copper Association India. From busbars in switchgear rooms to earthing systems in high-rises, copper has quietly become as load-bearing to India’s real estate and infrastructure story as steel and cement. Here are four manufacturers building that supply chain from the ground up.

Gujarat Copper Alloys Ltd – Mumbai, Maharashtra
Gujarat Copper Alloys started small in 1992 with a single unit in Daman making copper strips and rods. It grew steadily and, by 2005, had brought its entire production, from raw copper to finished product, in-house. The company now makes busbars, rods, flats, and tubes used in switchgear panels and power systems, the kind of components every construction project needs. Over 30 years in, it’s a name electrical contractors have long relied on.

Ganga R Ispat Metals – Ahmedabad, Gujarat
Started in 2019, Ganga R Ispat Metals is based in Ahmedabad with a factory in Bhilwara, Rajasthan. It makes copper rods and sheets used in wiring and earthing systems, alongside a wider brass and bronze lineup. It’s Make in India and ISO certified and works with major names like Larsen & Toubro, Adani, and Jindal Steel & Power, proving it can handle large-scale project demands.

Gopalan Metals (India) Pvt. Ltd – Hoskote, Bengaluru
Gopalan Metals produces roughly 6,000 tonnes a year of copper rods, busbars, and cables from its Hoskote plant. It supplies automotive and telecom clients too, but its wiring products are what light up commercial buildings and industrial parks. Strong quality control means what leaves the factory stays consistent by the time it reaches a construction site, which is what builders actually need.

Capcier Industries – Aurangabad, Maharashtra
The newest name here, Capcier Industries, launched in early 2026 in Aurangabad with a single focus: copper and aluminium busbars. It handles everything in-house, from cutting to plating to final checks. Construction and real estate contractors are already on its target list, alongside data centres and EV charging firms, showing how tied busbar demand now is to India’s building boom.

Construction and infrastructure projects don’t just consume copper; they depend on its reliability, since a busbar or conductor that fails compromises the safety of everything built around it. As India’s building and infrastructure segments continue to outpace overall copper demand growth, these four manufacturers, spanning three decades of legacy and a handful of months of existence, represent the domestic supply chain quietly getting built alongside the buildings themselves.

Rossell Techsys Sets a New Benchmark in Q1 FY27 with Record Performance and 78 percent Revenue Growth

Bengaluru, July 31: Rossell Techsys Limited , a leading provider of high-reliability engineering and manufacturing solutions for the aerospace, defence, semiconductor, and space sectors, announced its unaudited financial results for the quarter ended June 30, 2026. The company delivered a record-breaking start to FY27, with Revenue from Operations surging 78% year-on-year to ₹154.7 crore, marking the highest-ever quarterly revenue in the company’s history, and Profit Before Tax (PBT) soaring 139% year-on-year to ₹9.60 crore, driven by disciplined execution, expanding customer engagements, and sustained momentum across its core businesses.

During the quarter, Rossell Techsys strengthened its presence across the Aerospace & Defence and Semiconductor sectors by successfully onboarding a major global semiconductor customer following an extensive qualification process. The company also progressed customer qualification programmes and capacity expansion initiatives and continues to see strong demand visibility, with its manufacturing capacity, resources, and infrastructure aligned to support planned production ramp-ups. 

Key Financial Highlights: Q1 FY26–27

●      Revenue from Operations increased 78% year-on-year to ₹154.71 crore.

●      Profit Before Tax (PBT) increased 139% year-on-year to ₹9.60 crore.

●      EBITDA grew 95% year-on-year to ₹23.30 crore, with an EBITDA margin of 15.06%

●      Profit After Tax (PAT) stood at ₹6.98 crore.

●      Earnings Per Share (EPS) stood at ₹1.85.

The company’s business momentum was reflected in a healthy order pipeline, with bids worth over ₹350 crore submitted and purchase orders valued at ₹240 crore secured during the quarter. Rossell Techsys Inc. (RTI), the Company’s U.S. subsidiary, also achieved key milestones, including successful qualification audits, the receipt of a Letter of Intent from an international defence company, and participation in a global satellite communications programme.

Commenting on the performance, Rishab Mohan Gupta, Managing Director, Rossell Techsys Limited, said, “The first quarter reflects the continued confidence our customers place in Rossell Techsys and the strength of our execution capabilities. As customer programmes continue to progress, we remain focused on scaling our engineering and manufacturing capabilities while maintaining the quality and reliability that define Rossell Techsys. Going forward, our priorities are to scale revenues and profitability, expand our participation across the Aerospace, Defence, Semiconductor, and Industrial sectors, and continue building capabilities in MRO, system integration, and advanced manufacturing. We remain committed to creating long-term value for all our stakeholders.”

To support its next phase of growth, Rossell Techsys continued to strengthen its manufacturing and organisational capabilities during the quarter. The company secured an additional manufacturing facility at Aerospace Park, Bengaluru, which is expected to become operational in the second half of FY27, and enhanced its financial flexibility through an additional ₹75 crore working capital facility, and initiated a proposed Qualified Institutions Placement (QIP) to raise up to ₹300 crore, supporting capacity expansion, strategic growth initiatives, and a stronger balance sheet. The Company also expanded its workforce to 1,281 professionals.

Further strengthening its organisational development efforts, Rossell Techsys was recognised by the Times Group as one of the Best Organizations to Work For, reflecting its continued focus on talent development and building a strong workforce.

Senthil Bala, Chief Executive Officer, added, “Our priority is to ensure that Rossell Techsys is equipped to support the increasing scale and complexity of customer programmes. We have expanded our manufacturing footprint, strengthened our production capabilities, and continued to invest in our people and processes. These initiatives enhance our ability to deliver complex engineering and manufacturing programmes with consistency, quality, and reliability while supporting the evolving requirements of our customers.”

With a healthy order pipeline, expanding manufacturing capacity, and continued investments in engineering capabilities, Rossell Techsys remains focused on expanding its presence across the Aerospace & Defence, Semiconductor, Space, and Industrial sectors while delivering sustainable long-term growth.

Future Warfare Will Depend on Manned – Unmanned Integration, says Air Chief Marshal Amar Preet Singh at PHDCCI’s Bharat Drone Manthan 3.0

PHD Chamber of Commerce and Industry (PHDCCI) organised Bharat Drone Manthan 3.0 -“Vision to Action: Powering India’s Deep-Tech Future” on 30^th – 31^st July 2026 at PHD House, New Delhi, bringing together policymakers, defence leadership, industry, startups, academia and technology experts to deliberate on strengthening India’s drone, robotics and autonomous systems ecosystem and advancing the vision of Viksit Bharat 2047.

Delivering the inaugural address, the Chief Guest  Air Chief Marshal Amar Preet Singh, Chief of the Air Staff, Indian Air Force, underscored the transformative role of unmanned aerial systems and counter-drone technologies in modern warfare and emphasised that sustained collaboration among the armed forces, industry, startups and research institutions will be key to strengthening India’s indigenous drone capabilities. Highlighting the Indian Air Force’s commitment to innovation, he said the Directorate of Aerospace Design (DAD) has been established to facilitate industry engagement and announced Dronathon 2026 as a platform to evaluate indigenous technologies through live demonstrations. Calling for accelerated development of critical technologies, AI-enabled systems, cybersecurity and localisation of key drone components, he urged industry to scale up innovation and manufacturing, remarking, “Technology delayed is technology denied.”

While addressing the august gathering, Dr. N. Ranjana, Outstanding Scientist & Director, Directorate of Futuristic Technology Management, DRDO Headquarters, highlighted the growing strategic importance of drones, robotics and autonomous systems, noting that recent global conflicts have reinforced their critical role in defence and national security. She said DRDO’s Industry-Academia Centres of Excellence are fostering indigenous innovation by bringing together academia, industry and government laboratories to accelerate technology development and commercialisation. She highlighted DRDO’s research initiatives in swarm technologies, advanced propulsion systems, autonomous platforms, additive manufacturing and next-generation aerial systems, while encouraging startups and industry to leverage DRDO’s testing infrastructure, research facilities and technology transfer programmes to accelerate indigenous innovation.

Dr. Panneerselavam Madangopal, CEO, MeitY Startup Hub, highlighted India’s rapidly expanding startup ecosystem and the government’s strong policy support for innovation through initiatives such as MeitY Startup Hub and iDEX. Emphasising the strategic importance of electronics and semiconductor manufacturing for drones, defence and emerging technologies, he said strengthening indigenous design and component manufacturing is critical to achieving Atmanirbhar Bharat. He encouraged startups to build globally competitive solutions around real-world problem statements and leverage government programmes to accelerate innovation, product development and commercialisation.

Underscoring the importance of industry-government collaboration in advancing emerging technologies, Mr. Sanjiv Edward, Chair, PHDCCI Civil Aviation Committee, said Bharat Drone Manthan 3.0 serves as a strategic platform for shaping the future of India’s drone, robotics and deep-tech ecosystem by fostering collaboration between government, defence, industry, startups and academia. He observed that the convergence of artificial intelligence, autonomous systems and next-generation aerial technologies is redefining national security, industrial competitiveness and economic growth, and stressed that sustained innovation and cross-sector partnerships will be instrumental in positioning India as a global leader in emerging technologies. Reaffirming PHDCCI’s commitment to fostering an innovation-driven ecosystem, he said the Chamber will continue to catalyse meaningful partnerships to accelerate indigenous technology development and advance the vision of Viksit Bharat 2047.

Mr. Michael Jain, Co-Chair, PHDCCI Civil Aviation Committee, appreciated the inspiring deliberations during the inaugural session and observed that the interaction between the Chief of the Air Staff and young innovators, students and startups served as a strong source of encouragement for India’s emerging technology ecosystem. He expressed confidence that the deliberations at Bharat Drone Manthan 3.0 would further strengthen collaboration among government, industry, defence and academia, paving the way for accelerated innovation and indigenous technology development.

Highlighting the transformative potential of drone technologies, Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI, said that every era of progress has been driven by breakthrough innovations from the steam engine and the internet to artificial intelligence and expressed confidence that drones would define India’s next wave of technological advancement. He said the sector presents immense opportunities for employment generation, indigenous manufacturing and innovation, supported by India’s vibrant ecosystem of over 1.5 lakh startups and 150 unicorns. Reaffirming PHDCCI’s commitment, as it marks 121 years of service to Indian industry, he said the Chamber will continue to strengthen collaboration among government, industry, academia and startups to help realise the vision of Viksit Bharat 2047.

The inaugural session was moderated by Dr. Jatinder Singh, Deputy Secretary General, PHDCCI, who highlighted the remarkable evolution of Bharat Drone Manthan into PHDCCI’s flagship platform for India’s drone and robotics ecosystem. He recalled that while the inaugural edition in 2024 laid the foundation by focusing on unmanned traffic management, urban air mobility and advanced air mobility systems, the second edition strengthened industry-government collaboration in support of the vision of Viksit Bharat. He said the third edition marks a decisive transition from vision to action by promoting AI-led innovation, skilling and indigenous manufacturing as India works towards becoming a leading global drone hub by 2030.

The conclave featured a series of high-level technical sessions on “Why Bharat Becoming a Global Drone Hub by 2030 is a Strategic Imperative”; “Building a Secure and Self-Reliant Airspace”; “Surveillance to Strategic Superiority: Drone Innovation in Defence & Homeland Security”; “Own in Bharat: Strengthening Indigenous Manufacturing & Supply Chain Ecosystems”; “Next Generation Drones: Creating an Indian Ecosystem”; “Innovation to Enterprise: Business Transformation through Commercial Applications & Robotics Technologies”; “Future of Drones, Robotics & Deep Tech: Transforming Air Power and India’s Defence Ecosystem,” and “Wings of Innovation: Trailblazers Shaping the Future of Autonomous Technologies.” The discussions focused on advancing indigenous manufacturing, strengthening research and development, integrating artificial intelligence with autonomous systems, promoting commercial drone applications, enhancing defence preparedness, fostering startup-led innovation and positioning India as a global hub for drone and deep-tech technologies. On the occasion, PHDCCI also released a Knowledge Report highlighting the evolving policy landscape, emerging technology trends and strategic recommendations to strengthen India’s drone, robotics and autonomous systems ecosystem.

Bharat Drone Manthan 3.0 reaffirmed the importance of sustained collaboration among government, defence, industry, academia and startups to build a robust, innovation-driven and self-reliant drone ecosystem. The deliberations underscored the critical role of indigenous technologies, policy support, research partnerships and entrepreneurship in positioning India as a global leader in drones, robotics and advanced autonomous systems while contributing to the vision of Viksit Bharat 2047.

Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation

Johannesburg, South Africa and Bengaluru, July 30: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys announced that Investec, an  international bank and wealth manager, has selected the Finacle Digital Banking Solution Suite on Microsoft Azure to modernize its banking operations across South Africa, the UK, Mauritius, and the Channel Islands. As part of this multi-country, large-scale transformation program, the bank will migrate from its legacy platforms to Finacle, establishing a future-ready technology foundation aligned with the next phase of its growth strategy.

Under this transformation program, the bank will adopt the Finacle Deposits Suite, Finacle Lending Suite, Finacle Virtual Accounts Management, and Finacle Liquidity Management Solution on a multi-region Finacle SaaS platform. This integrated platform will enable Investec to enhance business agility, drive higher operational efficiency, and continually meet regulatory compliance, while supporting its evolving business and client needs.

Key benefits that the bank will gain, include:

1. Finacle’s real-time data and AI foundations will help position the bank to scale AI adoption, enhance data readiness, and unlock actionable insights, enabling more intelligent, future-ready banking experiences to market.
2. The Finacle Lending Suite will empower Investec to accelerate lending growth, deliver seamless end-to-end digital journeys, and bring more personalized offerings to markets with greater speed and confidence.
3. The Finacle Virtual Accounts Management will help the bank unlock compelling cash management propositions for corporate clients by simplifying collections and payments through real-time reconciliation, enhanced transparency, and a more streamlined account structure.
4. The Finacle Liquidity Management Solution will empower the bank with real-time visibility and control over cash positions and working capital across entities driving sharper liquidity optimization, stronger controls, and more informed financial decisions.
5. The next-generation Finacle platform, backed by an extensive API suite, will enable the bank to connect seamlessly across the wider fintech ecosystem, accelerating innovation and enabling differentiated offerings to the market faster.
6. The cloud-native SaaS implementation through the Microsoft Marketplace will give the bank the scale, resilience, and performance needed to grow with evolving demand, supported by a secure, high-availability technology foundation.

Lyndon Subroyen, Global Head of Digital and Technology for Investec Group said,

“Our partnership with Infosys Finacle and Microsoft Azure marks a step change in our digital transformation journey. We are building a stronger digital foundation that allows us to scale with our clients, deliver a more seamless and personalized experience, and operate with greater precision. Digital is no longer a layer that supports the business, it is integral to how we grow, deepen client relationships, and improve our efficiency.”

Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said

“At Infosys Finacle, we are committed to helping banks accelerate growth by inspiring better banking. Our next-generation, cloud-native banking solutions are designed to help institutions like Investec accelerate innovation, strengthen operational agility, and deliver more intelligent and personalized experiences at scale. By combining open APIs and events-driven architecture, with strong data and AI foundations, Finacle will empower Investec to stay ahead of evolving client expectations and unlock new avenues for value creation and delivery.”

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