01 Apr 2026

Cosmic PV Power Ltd has filed draft papers with the market regulator to raise INR 640 crore through an initial public offering. The issue includes a fresh equity component of INR 540 crore and an offer for sale of INR 100 crore by existing shareholders. The company plans to use the funds to set up a new manufacturing facility in Madhya Pradesh and for general corporate needs. Operating in solar module manufacturing, EPC services, and aluminium frame production, the company has seen strong revenue growth and is part of the government's approved supplier list for renewable energy projects.Read more

01 Apr 2026

Bharat Heavy Electricals Limited (BHEL) has secured a contract worth INR 13,500 crore from NTPC Limited for the main plant package of the 2,400 MW Telangana Stage-II thermal power project. The order, confirmed through a notification of award received in recent days, covers three units of 800 MW each. BHEL had emerged as the successful bidder for the project in late 2024. The scope includes design, engineering, manufacturing, supply, erection and commissioning of the plant, along with associated civil and structural works. The contract reflects continued public sector investment in large-scale power infrastructure to support growing energy demand.Read more

Mumbai News Desk

31 Mar 2026

The Brihanmumbai Municipal Corporation has approved selling treated wastewater from its Colaba Sewage Treatment Plant to private entities, creating a new revenue stream and conserving freshwater. About 3 million litres per day will be supplied at a concessional rate to projects including construction and landscaping. The plant has a total capacity of 37 MLD, with tertiary treatment for 10 MLD. While some civic members prefer using treated water for municipal purposes like cleaning and watering gardens, the move highlights a growing focus on resource efficiency and partial cost recovery for STP operations.Read more

31 Mar 2026

Oil and Natural Gas Corporation has commenced gas production from its Daman Upside Development Project (DUDP) in the Arabian Sea, marking a key addition to domestic energy supply. The offshore project, located around 180 km north-west of Mumbai and 80 km south of Pipavav, Gujarat, has started monetisation through a newly commissioned platform. The development is expected to produce 21.5 billion cubic metres of gas, with peak output projected at 5 million standard cubic metres per day. Executed within two years, the project includes multiple wellhead platforms and pipeline infrastructure connecting to the Hazira processing facility, supporting India's efforts to enhance energy security amid global supply uncertainties.Read more

29 Mar 2026

CleanMax Enviro Energy Solutions is planning a capital expenditure of around INR 7,000 crore to expand its renewable energy capacity by 1,500 MW by FY27. The company is focusing on the commercial and industrial (C&I) segment, where demand for green power is rising steadily. With an existing capacity of about 2.8 GW and a strong pipeline, CleanMax aims to scale up its presence across key states. The expansion will include solar, wind and hybrid projects, along with increased inter-state supply capabilities to serve large corporate clients.Read more

29 Mar 2026

Tata Power Delhi Distribution Ltd (Tata Power-DDL) has reviewed its summer preparedness strategy, projecting peak electricity demand of around 2,622 MW in North Delhi, up from 2,410 MW last year. To meet this requirement, the utility has secured supply arrangements of up to 2,900 MW and initiated coordination with power generators, equipment suppliers, and service partners. A stakeholder workshop was conducted to assess readiness, focusing on plant maintenance, network management, and contingency planning. The initiative aims to ensure uninterrupted power supply across its licensed areas, which serve nearly 9 million consumers, amid expectations of higher seasonal demand.Read more

27 Mar 2026

Garuda Aerospace has partnered with Rajasthan Electronics & Instruments Limited to set up a drone training centre in Jaipur under a contractual arrangement. The facility will operate as a DGCA-compliant Remote Pilot Training Organisation, aimed at developing certified drone pilots for multiple sectors including agriculture, infrastructure, surveillance, and logistics. The initiative focuses on structured practical and theoretical training to address the growing demand for skilled drone operators in India. This collaboration also reflects ongoing efforts to expand drone education infrastructure through public-private partnerships.Read more

27 Mar 2026

Jindal Steel has expanded its steel-making capacity at the Angul facility in Odisha from 6 MTPA to 12 MTPA, effectively doubling output and making it one of the largest single-location steel plants in India. With this expansion, the company's total crude steel capacity has reached 15.6 MTPA, including 3.6 MTPA from its Raigarh plant in Chhattisgarh. The company has completed the expansion within the planned timeline and expects improved utilisation, stronger revenues, and better operational efficiency.Read more

27 Mar 2026

Construction costs for real estate projects in India are expected to increase by 3-5 per cent this year, according to a report by JLL. The rise is attributed to higher labour expenses, regulatory changes and evolving environmental standards, despite some moderation in key material prices. While cement, steel and diesel costs declined marginally in the past year, metals such as aluminium and copper recorded notable increases. Labour costs have also risen due to skill shortages and implementation of new labour regulations. The report indicates that these combined factors could impact project viability and pricing dynamics across asset classes.Read more

26 Mar 2026

Waaree Energies Ltd has approved a capital expenditure of INR 39 billion to set up a glass manufacturing plant, marking a significant step in expanding its manufacturing capabilities. The decision, taken earlier this week, aligns with the company's broader strategy to strengthen its presence in the renewable energy supply chain and improve backward integration. The investment is expected to support production requirements for solar modules by ensuring a steady supply of key raw materials. The move also reflects the company's focus on scaling operations and reducing dependency on external suppliers.Read more

Indore News Desk

26 Mar 2026

Authorities in Indore are preparing to launch new industrial zones by April to support the expansion of micro, small and medium enterprises (MSMEs) and strengthen the city's industrial base. The initiative is aimed at improving land availability, infrastructure and ease of doing business for smaller enterprises, which form a significant part of the local economy. The proposed zones are expected to provide serviced plots, better connectivity and essential utilities, enabling businesses to scale operations. The move aligns with broader efforts to position Indore as a key industrial hub in Madhya Pradesh while addressing increasing demand for organised industrial land and infrastructure.Read more

25 Mar 2026

Adani Green Energy has commissioned 510.1 MW of renewable power projects in Khavda, Gujarat, through its stepdown subsidiaries. With this addition, the company's total operational renewable energy capacity has reached 17,982.3 MW. The plants were activated after receiving the necessary clearances, with power generation beginning from March 22. This development strengthens the company's position as one of India's largest renewable energy players and reflects its continued expansion in large-scale solar and wind projects across key regions in the country.Read more

24 Mar 2026

The Andhra Pradesh government has initiated development of a large-scale steel manufacturing facility by ArcelorMittal Nippon Steel India in Nakkapalli mandal, Anakapalli district, with an estimated investment of INR 1.36 lakh crore. The project will be developed over 5,465 acres in two phases, with a total planned capacity of 17.8 million tonnes per annum. The first phase will deliver 7.3 million tonnes, followed by 10.5 million tonnes in the second phase. The project is expected to generate around one lakh direct and indirect jobs. In addition, a captive port with a capacity of 50 million tonnes per annum is planned at an investment of INR 11,198 crore, alongside supporting infrastructure including road connectivity to National Highway 16.Read more

24 Mar 2026

The Centre has invited bids to establish manufacturing facilities for sintered rare earth permanent magnets with a total capacity of 6,000 metric tonnes per annum under an INR 7,280 crore incentive scheme. Issued by the Ministry of Heavy Industries, the tender seeks proposals for integrated NdFeB magnet units through a two-stage bidding process. The scheme offers capital subsidies and sales-linked incentives, with capacity allocation ranging between 600 and 1,200 MTPA per unit. It also includes assured raw material supply for select bidders. The initiative aims to build a domestic value chain for critical components used in electric vehicles, renewable energy, and defence, while reducing dependence on imports, particularly from China.Read more

23 Mar 2026

State-run power producer NTPC has entered into a memorandum of understanding with UK-based Octopus Energy Group to jointly explore opportunities across electricity distribution, renewable energy, and storage segments. The agreement, signed at the Bharat Electricity Summit 2026 in New Delhi, outlines a non-binding framework for collaboration in India, the UK, and other mutually agreed markets. The partnership will also examine areas such as electric vehicle charging infrastructure, digital energy platforms, research and development, and capacity building. The initiative is aimed at improving efficiency, affordability, and reliability in power systems while supporting the expansion of clean energy solutions in multiple geographies.Read more

23 Mar 2026

India will need an estimated USD 2.2 trillion investment in its power sector over the next two decades to support capacity expansion, grid modernisation, and energy transition efforts, according to Union Power Secretary Pankaj Agarwal. Speaking at the Bharat Electricity Summit 2026, the official outlined the country's targets of achieving 500 GW of renewable energy capacity by 2030 and adding 97 GW of coal-based thermal capacity by 2034-35. The sector has seen rapid growth, with total installed capacity crossing 520 GW and peak demand deficits declining sharply. Policymakers emphasised the need for regulatory reforms, market redesign, and flexible energy systems to manage rising renewable integration, alongside initiatives such as PM-Kusum and PM Surya Ghar Muft Bijli Yojana.Read more

23 Mar 2026

Honda Motorcycle & Scooter India (Honda Motorcycle & Scooter India) has announced an investment of around INR 1,500 crore to establish a third production line at its Tapukara manufacturing facility in Rajasthan. The new line, expected to become operational in 2028, will add an annual capacity of 6.7 lakh units, increasing the plant's total output to 2.01 million units. The expansion is also projected to create over 2,000 jobs and support the company's broader capacity growth plans across India. HMSI's total production capacity is targeted to rise to about 8 million units by FY28.Read more

23 Mar 2026

India has urged global investors to participate in its power and energy sector, highlighting opportunities in manufacturing, renewable energy, and infrastructure development. A written message from Prime Minister Narendra Modi, read out at a recent energy summit, emphasized collaboration under the make in India, innovate in India, invest in India, and scale with India approach. The country's progress in non-fossil fuel capacity, along with policy reforms and initiatives like nuclear energy expansion and distributed solar adoption, was presented as evidence of a growing, investment-friendly energy ecosystem aligned with long-term development goals.Read more

23 Mar 2026

The government has revised the model concession agreement for multi-modal logistics parks to improve project execution and attract private investment. The updated framework introduces clearer performance standards, better monitoring, and faster dispute resolution. These parks, planned across 35 high freight locations, will be developed under a public-private partnership model. The changes aim to address delays seen in earlier infrastructure projects and improve ease of doing business. The initiative is aligned with larger connectivity programmes and is expected to reduce logistics costs and improve supply chain efficiency in India.Read more

23 Mar 2026

Tata Steel has approved an investment of up to USD 2 billion (around INR 18,488 crore) in its Singapore-based subsidiary T Steel Holdings to support its overseas operations. The funds will be infused in phases starting FY27 and will be used for capital expenditure and debt repayment. The move follows multiple recent infusions into the same entity and reflects the company's continued efforts to stabilise and strengthen its international business, particularly in Europe, where restructuring and cost management remain key focus areas.Read more