22 minutes ago

State-owned REC Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Tripura to provide financing of up to INR 15,000 crore for power and renewable energy projects in the state. Signed during the Destination Tripura Business Conclave 2026, the agreements include funding support of up to INR 5,000 crore for renewable energy projects through the Tripura Renewable Energy Development Agency (TREDA) and up to INR 10,000 crore for power infrastructure projects through the Tripura State Electricity Corporation Ltd (TSECL). The partnerships are intended to strengthen the state's electricity network while supporting renewable energy deployment and sustainable infrastructure development.Read more

1 hour ago

• Bihar's Urban Development and Housing Department (UDHD) has sanctioned more than INR 2 crore for a waste management project in Madhubani to strengthen the town's sanitation infrastructure.
• The project will support improvements in waste collection, transportation, processing and scientific disposal of municipal solid waste.
• The initiative forms part of the state's efforts to enhance urban cleanliness and improve municipal waste management systems.
• Officials expect the investment to strengthen civic services while promoting cleaner and more sustainable urban development in Madhubani.Read more

Mumbai News Desk

11 hours ago

Jawaharlal Nehru Port Authority (JNPA) has initiated the development of a 62-acre automated empty container yard near Nhava Sheva through a long-term concession with Dubai-based RSA Global. The INR 2,580 crore project, located within the JNPA estate at Uran in Raigad district, aims to modernise empty container handling, reduce road congestion and improve cargo movement at India's largest container port. Designed to handle more than 50,000 TEUs every month, the facility will consolidate storage, maintenance and repair operations while supporting port-led logistics infrastructure. The project is expected to generate around 750 direct and indirect jobs and strengthen freight efficiency across western, northern and central India.Read more

19 hours ago

TCL Solar has made its debut at Solar & Storage Live Vietnam 2026, highlighting its integrated solar business and expansion plans for Southeast Asia. The company showcased solar solutions for residential, commercial and industrial (C&I), and utility-scale projects, while introducing its Back Contact (BC) technology with a focus on higher efficiency and lower carbon emissions. TCL Solar also outlined its localisation strategy through local service centres, technical training and stronger supply chains to support long-term solar project development across the region.Read more

13 Jul 2026

Japanese conglomerate Mitsubishi has expressed interest in establishing a semiconductor manufacturing plant in West Bengal, marking a potential boost for the state's advanced manufacturing ambitions. The proposed facility could be located in Durgapur or Panagarh, with further discussions scheduled later this month. The state government said it is preparing a new industrial policy and incentive framework to attract investments in semiconductors, artificial intelligence, data centres and other sunrise sectors while positioning West Bengal as eastern India's preferred investment destination.Read more

13 Jul 2026

At least 28 people were killed after a fire broke out at a footwear manufacturing factory in Jinjiang, Fujian province, in southeastern China. The blaze, which erupted around midday earlier this week, engulfed the multi-storey building and trapped several workers on the rooftop as thick smoke spread through the premises. Of the 239 people present at the factory, 213 were evacuated, while 26 workers initially reported missing were later confirmed dead. Chinese President Xi Jinping called for an all-out rescue effort, a swift investigation into the cause of the incident and strict accountability for those found responsible. Company personnel have been detained and the firm's bank accounts frozen.Read more

13 Jul 2026

Fletcher Building has raised its operating earnings guidance for FY26 after stronger-than-expected performance in its manufacturing and distribution businesses. The revised outlook pushed the company's shares to a four-month high during early trading. While improved sales volumes and expected earnings from surplus property sales supported the upgrade, the company cautioned that higher input costs and economic uncertainty could affect recovery in FY27. It also highlighted delays and cancellations of new commercial projects amid rising inflationary pressures and increasing borrowing costs in New Zealand.Read more

13 Jul 2026

Premier Energies has commissioned a 5.6 GW solar module manufacturing facility at Seetharampur in Telangana, taking its total solar module production capacity to 11.1 GW. Announced in the past week, the facility forms part of the company's INR 12,500 crore capital expenditure programme aimed at expanding manufacturing capabilities and diversifying into new clean energy businesses. The company also conducted the ground-breaking ceremony for a 6 GWh Battery Energy Storage System (BESS) manufacturing facility and an 18,000 metric tonnes per annum aluminium frames plant. These projects are expected to strengthen Premier Energies' integrated manufacturing ecosystem and domestic supply chain. Separately, the company reported securing INR 3,011 crore worth of orders during the first quarter of FY27 for the supply of solar cells and modules.Read more

12 Jul 2026

India expects its peak electricity demand to reach 300 GW in 2027, driven by rapid growth in data centres, artificial intelligence, electric vehicles and industrial activity. The government plans to expand power transmission, energy storage and renewable capacity while promoting domestic manufacturing of solar modules, batteries and other clean energy equipment. Officials said reducing import dependence will strengthen energy security and support long-term infrastructure development, even if locally manufactured equipment initially costs more.Read more

12 Jul 2026

India will need to expand its battery energy storage system (BESS) capacity to 888 GWh by 2035-36 from the current level of around 1 GWh, according to a new industry report. The study highlights the growing role of energy storage in supporting renewable energy integration and improving grid reliability. Installed BESS capacity has risen sharply during the first half of 2026, while project tenders and manufacturing plans have also accelerated. Industry leaders said stronger domestic manufacturing and storage deployment will be critical to meeting India's long-term clean energy goals.Read more

11 Jul 2026

• The Municipal Corporation of Manesar has initiated preliminary work for a waste-to-energy (WTE) plant aimed at improving scientific waste management and reducing landfill dependence.
• The project is expected to process municipal solid waste while generating electricity, supporting the region's long-term sustainability objectives.
• Authorities have started technical surveys, land-related activities and planning exercises ahead of the project's implementation.
• Once operational, the facility is expected to strengthen waste processing capacity, improve environmental outcomes and support cleaner urban infrastructure across Manesar.Read more

11 Jul 2026

India's power transmission sector is expected to witness a major investment cycle over the next few years as the country expands its renewable energy capacity. However, Icra has cautioned that persistent issues such as land acquisition, right of way (RoW) disputes and regulatory approvals continue to delay project execution. Most transmission projects awarded through the tariff-based competitive bidding (TBCB) route have missed their scheduled completion timelines, affecting renewable energy evacuation and increasing the risk of power curtailment for developers.Read more

11 Jul 2026

Indian Potash Limited (IPL) and UPL Sustainable Agri Solutions Limited (UPL SAS) have entered into a three-year collaboration to improve sugarcane productivity and sustainability in the catchment area of IPL's Kodinar Sugar Mill in Gujarat. The programme will cover around 2,000 acres of cultivation, introducing regenerative agriculture, advanced agronomy, crop protection, digital monitoring and farmer capacity-building initiatives. The partners aim to increase sugarcane yields by at least 15% while improving resource efficiency, farmer incomes and climate resilience. The initiative will also deploy digital platforms to monitor interventions and strengthen farmer engagement, supporting sustainability objectives across the sugar value chain.Read more

10 Jul 2026

Chandigarh Power Distribution Limited (CPDL) has advised residential and commercial electricity consumers to review their sanctioned electricity load and increase it if their actual power consumption has risen. The utility said the growing use of appliances such as air conditioners, electric vehicle chargers and induction cooktops has widened the gap between sanctioned and actual load for many consumers. It warned that exceeding the approved load may lead to penalty charges under existing regulations, while also affecting electrical safety and placing additional pressure on the city's power distribution network.Read more

10 Jul 2026

The Gujarat government has begun work on a comprehensive electric vehicle (EV) charging station policy to strengthen charging infrastructure and support the state's transition towards cleaner mobility. The proposal was discussed during a state cabinet meeting, where Chief Minister Bhupendra Patel directed officials to prepare the policy. The initiative aims to improve the availability of EV charging stations, promote the use of electric vehicles, and encourage the adoption of green energy. It is expected to complement Gujarat's ongoing efforts to expand sustainable transport infrastructure.Read more

10 Jul 2026

Indonesia's sovereign wealth fund Danantara has started construction of its first waste-to-energy plant in Bali, marking a key step in its clean energy and waste management plans. The facility will process 1,500 metric tons of waste every day and is expected to attract an investment of around IDR 3 trillion (USD 166.62 million). The project is scheduled to begin operations in the first half of 2028 and forms part of Danantara's broader plan to develop similar facilities in 33 cities across Indonesia to address growing waste management challenges.Read more

10 Jul 2026

Tata Power has unveiled an ambitious growth roadmap, targeting annual revenue of INR 1 lakh crore and net profit of INR 10,000 crore by 2030. Announcing the plans at the company's Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran outlined expansion across renewable energy, power generation, transmission, distribution, manufacturing and customer-centric energy solutions. The company also plans to establish a new 10 GW solar manufacturing facility in Odisha while exploring opportunities in nuclear energy, including small modular reactors (SMRs), as part of its long-term strategy to support India's clean energy transition.Read more

10 Jul 2026

India marked another milestone in its semiconductor journey with the inauguration of CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. Addressing the event, Prime Minister Narendra Modi said the country is steadily building a complete semiconductor ecosystem that spans chip design, fabrication, packaging and advanced manufacturing. He highlighted the sector’s potential to create employment across research, engineering, manufacturing and supply chains, while emphasising skill development, innovation and ease of doing business. The facility forms part of India’s broader push to strengthen technological self-reliance and expand its role in the global semiconductor value chain.Read more

09 Jul 2026

India is preparing to expand its semiconductor incentive framework under the proposed Semicon 2.0 programme, moving beyond support for fabrication units to encourage investments across the broader semiconductor value chain. Recommendations in the national roadmap call for stronger backing for advanced packaging, compound semiconductors, critical materials, research infrastructure, talent development and strategic partnerships. The proposed framework also outlines new financing mechanisms, manufacturing clusters and export support aimed at strengthening India's long-term position in the global semiconductor industry while reducing dependence on imports.Read more

09 Jul 2026

Swedish Logistic Property (SLP) has announced the development of a new 5,000 square metre logistics facility in Eskilstuna after acquiring land in the Eskilstuna Logistics Park from the Municipality of Eskilstuna. The company has already secured a 12-year lease agreement for the upcoming property, providing long-term occupancy visibility. The project is expected to generate an annual rental value of around SEK 6.5 million, with the tenant scheduled to take occupancy at the beginning of the fourth quarter of 2027. The development is part of SLP's strategy to expand its logistics property portfolio.Read more