03 Aug 2026

The Union Cabinet has approved a revised policy for awarding waterfront and associated land to port-dependent industries at major ports, replacing key provisions of the 2016 framework. The policy allows concession renewals of up to 30 years for eligible existing operators, creates a structured process for capacity expansion, and introduces a framework for government organisations to receive waterfront land without competitive bidding under specified conditions. It also includes provisions to address regulatory changes and unforeseen events, with the government expecting the reforms to improve cargo handling, strengthen supply chains and encourage fresh investment in port-led industrial development.Read more

03 Aug 2026

The Himachal Pradesh government has submitted proposals worth INR 234 crore to the Department for Promotion of Industry and Internal Trade (DPIIT) for the development of two plug-and-play industrial parks under the Central government's Bharat Audyogik Vikas Yojna (BHAVYA). The proposed projects include a 150-acre industrial park in Solan district and a 75-acre park in Una district, with a combined estimated investment of INR 234 crore. If approved, the projects will be implemented jointly by the state government and the National Industrial Corridor Development Corporation (NICDC). The initiative aims to strengthen industrial infrastructure, improve ease of doing business, attract investments and support employment generation across the state.Read more

03 Aug 2026

The Andhra Pradesh government has approved an advance tariff subsidy of INR 1,381 crore for the state's three power distribution companies (DISCOMs) for the financial year 2026-27. The allocation includes separate grants for Andhra Pradesh Eastern, Southern and Central power distribution companies to support tariff subsidy payments. Following this approval, the Energy Department has retained a balance budget of INR 1,364 crore from the total allocation of INR 2,744.4 crore. The move is aimed at ensuring timely financial support to the utilities for maintaining power supply and meeting subsidy commitments.Read more

03 Aug 2026

Juniper Green Energy has raised INR 539.4 crore from 31 anchor investors ahead of the launch of its INR 1,800 crore initial public offering (IPO), which is scheduled to open for public subscription on Thursday. The anchor book saw strong participation from domestic mutual funds, insurance companies, sovereign wealth funds and foreign investors, with domestic mutual funds accounting for nearly 75% of the allocation. The company plans to use the IPO proceeds mainly for debt repayment, funding its subsidiaries and meeting general corporate requirements as it continues to expand its renewable energy portfolio across India.Read more

03 Aug 2026

Kamdhenu reported a 34 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by higher revenue and improved sales volumes. The company's revenue from operations and steel sales both registered steady growth during the quarter, driven by better performance across its product portfolio. Manufacturing volumes from both owned facilities and franchisee operations also increased compared to the corresponding period last year. The company remains optimistic about demand, citing the government's continued infrastructure and manufacturing push as a key growth driver for the steel sector.Read more

03 Aug 2026

Andhra Pradesh Information Technology Minister Nara Lokesh laid the foundation stone for Tata Power and Suzlon's renewable energy projects at Pattikonda in Kurnool district. With a combined investment of INR 5,750 crore, the projects will develop 800 MW of solar and wind power capacity. The investment is expected to strengthen the state's renewable energy infrastructure, support rising industrial power demand, and reinforce Andhra Pradesh's efforts to expand clean energy generation. The projects also align with the state's broader focus on attracting large-scale investments in the renewable energy sector.Read more

02 Aug 2026

Tata Power Renewable Energy Ltd has commenced construction of its 800 MW renewable energy project in Andhra Pradesh with an investment of INR 5,750 crore. The project combines 400 MW of solar and 400 MW of wind capacity and is being developed under the state's Integrated Clean Energy Policy. Spread across 3,462 acres, the project is expected to create around 4,000 direct and indirect jobs while strengthening India's renewable energy infrastructure through Inter-State Transmission System connectivity and supporting the country's clean energy capacity expansion.Read more

02 Aug 2026

State-owned NLC India Ltd has announced that its renewable energy subsidiary, NLC India Renewables Ltd (NIRL), has secured a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 900 MW solar power project in Gujarat. The project was awarded through a tariff-based competitive bidding process, with GUVNL set to procure the electricity generated from the facility. Established in 2023, NIRL is responsible for managing NLC India's renewable energy assets and expanding its green energy portfolio through the development of solar and other non-conventional power projects in India and overseas.Read more

02 Aug 2026

Renacon, the flagship building materials brand of the Renaatus Group, has launched its RENAFLEX Fibre Cement Boards (FCB) and commissioned an integrated manufacturing facility at Naidupeta, Andhra Pradesh, with an investment of INR 350 crore. Built within 12 months, the plant manufactures autoclaved aerated concrete (AAC) blocks, Rapid Wall panels and fibre cement boards using Laminar Flow Technology. The facility has an annual fibre cement board production capacity of 60,000 metric tonnes and is positioned as Asia's largest integrated AAC and fibre cement board manufacturing unit. The company expects the new product range to support India's growing demand for sustainable, prefabricated and fire-rated building materials across residential, commercial and industrial projects.Read more

02 Aug 2026

HeidelbergCement India reported a 36.65% year-on-year decline in its net profit for the first quarter of FY27 as rising raw material, power and fuel costs impacted its earnings despite higher sales volumes and improved pricing. The company posted growth in revenue and total income during the quarter, supported by stronger demand and better realisations. However, increased operating expenses, including freight costs linked to geopolitical developments in West Asia, put pressure on margins. The company also reported a decline in EBITDA per tonne compared to the corresponding period last year.Read more

02 Aug 2026

India's industrial production expanded by 7.3% year-on-year in June 2026, registering its strongest growth in 23 months, according to the latest government data. The increase was led by manufacturing, which grew 7.8%, while electricity and gas supply recorded the highest sectoral growth at 10.6%. Water supply, sewerage and waste management rose 6.1%, and mining and quarrying increased 1%. The broad-based expansion reflects improving industrial activity, supported by domestic demand and infrastructure development. Industry stakeholders said sustained access to capital, particularly for micro, small and medium enterprises (MSMEs), would be essential to maintaining production growth and supporting investment, employment and long-term economic expansion.Read more

01 Aug 2026

Waaree Energies reported a 15.39 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by a sharp rise in revenue and higher production. The company also recorded strong order inflows during the quarter, taking its total order book to a record INR 61,500 crore. Along with continued growth in its core solar manufacturing business, Waaree said its newer business segments have started contributing to revenue, strengthening its growth outlook across domestic and international markets.Read more

01 Aug 2026

The proposed construction and demolition (C&D) waste processing plant in Gurugram has drawn opposition from local residents, who have raised concerns over its location and potential environmental impact. Residents of nearby sectors submitted objections during a public hearing organised by the Haryana State Pollution Control Board (HSPCB), citing issues related to air pollution, groundwater contamination, traffic congestion and public health. The facility is proposed to be developed near residential areas and is intended to process construction and demolition waste generated across Gurugram. While authorities maintain that the project will improve scientific waste management, residents have urged the government to relocate the facility to a less populated area before granting environmental clearance.Read more

01 Aug 2026

Bolt.Earth has highlighted the contribution of its certified technician network, which has expanded from 800 members in 2024 to more than 5,000 across India in 2026, supporting the operation and maintenance of its EV charging infrastructure. The Bengaluru-based company recently held its first Rewards & Recognition programme, honouring 17 technicians representing 17 states for their role in ensuring charger reliability. The initiative comes as India's EV charging ecosystem continues to expand, with technicians playing a key role in installation, maintenance and fault resolution. Bolt.Earth said the workforce growth reflects one of the country's largest skilled employment networks within the EV charging sector, spanning both metropolitan centres and smaller towns.Read more

01 Aug 2026

Around USD 95 billion worth of internal combustion engine (ICE)-related manufacturing assets in the Asia-Pacific region could face obsolescence as electric vehicle (EV) production overtakes ICE vehicle manufacturing within the next five years, according to a new report by CBRE. The report estimates that major automotive groups with a strong regional presence hold approximately USD 354 billion in ICE-linked fixed assets globally, with around one-quarter located in Asia-Pacific. CBRE expects the transition to accelerate investment in Southeast Asia as an EV manufacturing hub while encouraging automakers to adopt asset-light strategies, including sale-and-leaseback transactions and greater collaboration with logistics providers and institutional real estate investors to modernise industrial infrastructure.Read more

31 Jul 2026

Municipal authorities in Cape Town, South Africa, have approved Equinix's proposal to develop two data centres in the King Air Industria area, despite objections from environmental and community groups. The approval advances one of the country's largest proposed data centre developments, with the facilities expected to require around 170 MW of power capacity. Activist organisations, including Housing Assembly and Foxglove, opposed the project over concerns relating to electricity consumption, water use and environmental impacts, arguing that greater disclosure was needed. Equinix said it has acquired the project site but has not yet submitted a detailed site development plan, adding that it will engage with stakeholders if the development proceeds.Read more

31 Jul 2026

Brookfield has launched a new renewable energy platform, Lumara, in India with an investment of about USD 600 million through its Catalytic Transition Fund. The platform will support the development and construction of solar, wind and battery energy storage projects, backed by an initial portfolio exceeding 6 GW. Lumara has been created to address key challenges such as delays in power purchase agreements, grid connectivity and land acquisition. The move strengthens Brookfield's growing energy portfolio in India as the country continues to expand its clean energy capacity.Read more

31 Jul 2026

Meta Platforms has partnered with BlackRock to develop and operate a large-scale data center campus in El Paso, Texas, in a deal valued at around USD 14 billion. The project is aimed at supporting Meta's expanding artificial intelligence infrastructure and is expected to deliver 1 gigawatt of computing capacity when operations begin in 2028. Under the agreement, BlackRock-managed funds will hold an 80% stake in the venture, while Meta will retain 20%. The partnership reflects the growing trend of technology companies bringing in external investors to fund increasingly expensive AI infrastructure projects.Read more

31 Jul 2026

ACME Solar Holdings has secured financing of INR 3,404.57 crore from Power Finance Corporation (PFC) for the development of its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project across Rajasthan and Gujarat. The project, being developed under ACME Urja One (Phase III), combines solar, wind and battery energy storage system (BESS) technologies to deliver reliable renewable power. PFC will act as the sole lender with a 19-year repayment tenure, while the electricity generated will be supplied to NHPC Ltd under a 25-year power purchase agreement at a tariff of INR 4.33 per unit. The project is scheduled for commissioning next year.Read more

Ghaziabad News Desk

31 Jul 2026

The power department in Ghaziabad has issued notices to 307 housing societies for failing to submit mandatory annual electricity audit reports, as authorities step up monitoring of electricity consumption in common areas. The notices have been issued to Residents’ Welfare Associations (RWAs) and Apartment Owners Associations (AOAs) that have not furnished the required reports. The exercise is aimed at improving transparency in common-area electricity usage and checking instances of residents being overcharged for power consumption. The action comes as authorities seek greater compliance with annual electricity audit requirements across residential complexes in the city.Read more