17 Apr 2026

Karnataka is planning a 500-acre industrial hub in Mandya with an Automotive Research Association of India (ARAI) centre, expanding an earlier 100-acre proposal. The project aims to build a combined ecosystem for automotive research, testing and manufacturing. Land parcels near Basaralu and Belluru are under review, along with other locations. The hub is expected to attract investment, support electric mobility development and create jobs. The state is also considering a separate land allocation for an Andrew Yule Company unit as part of the broader industrial push in the region.Read more

15 Apr 2026

Hindustan Coca-Cola Beverages Private Ltd has commissioned a high-speed Kinley water production line at its Avinya manufacturing facility in Siddipet district, Telangana, as part of its ongoing capacity expansion. The plant, spread across 49 acres with a planned investment exceeding INR 2,000 crore, is among the company's most advanced facilities and currently operates seven production lines. The newly added line is capable of producing Kinley PET bottles at significantly higher speeds, enhancing output and operational efficiency. The development strengthens HCCB's manufacturing footprint in southern India and supports its packaged drinking water segment under the Kinley brand. The investment also reflects continued infrastructure scaling within the beverage manufacturing sector to meet growing consumption demand.Read more

15 Apr 2026

Swedish green steel developer Stegra has secured EUR 1.4 billion (USD 1.7 billion) in fresh funding from an investor consortium led by the Wallenberg group, providing financial support to complete its hydrogen-based steel plant in northern Sweden. The funding, which remains subject to lender approvals and documentation finalisation, comes amid delays and cost pressures affecting green hydrogen-based industrial projects across Europe. The consortium includes Temasek and IMAS Foundation, linked to the IKEA ecosystem. The project timeline remains under review, with production previously expected by 2027. As part of the transaction, investors plan to nominate Leif Johansson as chair of the board. The development highlights continued institutional interest in large-scale decarbonised industrial infrastructure despite execution and financing challenges.Read more

15 Apr 2026

At least 13 workers were killed and 21 injured following a boiler-linked explosion at a power plant operated by Vedanta Ltd in Sakti district, Chhattisgarh. The incident occurred at the Singhitarai facility and involved personnel from a subcontractor handling operations at the unit. The blast, caused by a high-pressure steam tube failure, led to severe burn injuries among workers. Multiple investigations have been ordered, including a magisterial probe, while the state government announced compensation for victims. The plant, part of a 1,200 MW thermal power project, has one operational unit and another under development. The incident has raised concerns around industrial safety compliance at large-scale energy infrastructure projects.Read more

15 Apr 2026

Steel Authority of India Limited (SAIL) has announced a brownfield expansion of its Bokaro Steel Plant in Jharkhand with an investment of INR 20,000 crore, aimed at increasing production capacity from 5.25 million tonnes per annum (MTPA) to 7.55 MTPA. The plan, outlined recently, involves installation of new industrial infrastructure including a blast furnace, coke oven battery, and upgraded rolling facilities. The project is expected to generate around 2,500 direct jobs and up to 10,000 indirect employment opportunities. Positioned within India's broader objective of scaling domestic steel output to 300 MTPA by 2030, the expansion also incorporates modernisation and efficiency improvements to existing systems, supporting both industrial growth and regional economic activity in Jharkhand.Read more

14 Apr 2026

Chitale Bandhu Mithaiwale will launch its new Ranje Vision Park near Pune on April 16, inaugurated by Maharashtra Chief Minister Shri Devendra Fadnavis. Spread across 25 acres with an investment of around INR 250 crore, the facility includes advanced production units for sweets and savouries with a capacity of 40 tonnes per day. Built to global food safety standards, the plant also features customer viewing galleries showcasing automated processes. The expansion supports the brand's growth in domestic and international markets, with plans to scale its retail presence from 1.25 lakh to 5 lakh touchpoints over the next three years.Read more

14 Apr 2026

Mazagon Dock Shipbuilders Ltd (MDL) has acquired a 51% controlling stake in Sri Lanka-based Colombo Dockyard PLC for INR 249.5 crore, marking its first international acquisition. The transaction, completed following a mandatory offer to shareholders, increases MDL's holding from around 41.73% to majority control. The Colombo-based facility is a key shipbuilding and repair yard in the region, and the acquisition enables MDL to expand its operational footprint beyond India. The deal forms part of a broader strategy to strengthen presence in the global shipbuilding and maritime services sector. It also follows earlier equity infusions and share purchases from existing stakeholders, including Japan's Onomichi Dockyard, culminating in the transfer of controlling interest.Read more

Noida News Desk

14 Apr 2026

The Greater Noida Industrial Development Authority (GNIDA) has launched an e-auction to allot 24 industrial plots across multiple sectors, aiming to strengthen industrial development and attract investment in the region. The offering, announced in the past week, includes plots of varying sizes located in sectors such as Ecotech and Udyog Kendra. The allotment will follow a competitive bidding process, with a stipulated application deadline and eligibility criteria for participating firms. The move is part of GNIDA's ongoing efforts to enhance industrial land utilisation and support manufacturing and allied activities. The initiative is expected to generate revenue for the authority while facilitating new industrial units and employment opportunities.Read more

13 Apr 2026

Construction of the 1,200 MW Punatsangchhu-I hydropower project in Bhutan has resumed after a nearly seven-year halt caused by geological issues affecting dam stability. The restart was marked by a concrete pouring ceremony attended by India's Power Minister Manohar Lal. The India-funded project, located in Wangdue Phodrang, is expected to be completed within five years and will significantly enhance Bhutan's hydropower capacity by around 30 per cent. With over 93 per cent financial and nearly 88 per cent physical progress achieved prior to suspension, the project underscores continued India-Bhutan cooperation in energy infrastructure and cross-border electricity trade.Read more

13 Apr 2026

The Gujarat government has entered into a memorandum of understanding with Taiwan-based Allegiance International Co Ltd to establish an Indo-Taiwan Industrial Park in the Sanand-Dholera region. The proposed development is expected to attract over INR 1,000 crore in foreign direct investment, primarily in semiconductor and electronics manufacturing. The project is estimated to generate around 12,000 direct jobs over five years and will support India's semiconductor ambitions. The agreement, signed in Gandhinagar, aims to facilitate collaboration between Indian and Taiwanese enterprises while strengthening Gujarat's position as a manufacturing hub, where projects worth over INR 1.24 lakh crore are already under development.Read more

13 Apr 2026

The Odisha government has unveiled 36 industrial projects involving an investment of INR 40,811 crore, expected to create around 59,000 jobs across the state. The initiatives include both inaugurated units and newly laid foundation stones, covering sectors such as green energy equipment, metals, textiles, plastics, tourism, agriculture, food processing, defence manufacturing, IT, automobiles, and cement. The state leadership highlighted sustained industrial momentum over the past 18-20 months, driven by multiple project launches and investments aimed at strengthening Odisha's manufacturing and employment base.Read more

13 Apr 2026

Adani Green Energy has entered into a joint venture through its subsidiary AGEL UAE with Minerva Holding RSC, a wholly owned arm of EPointZero, to develop renewable energy projects in India. EPointZero is part of the UAE-based IHC Group, one of the largest listed companies globally. The agreement includes provisions for equity participation and board representation. The partnership reflects increasing cross-border investments in India's clean energy sector and aligns with the country's long-term renewable energy expansion plans.Read more

Mumbai News Desk

13 Apr 2026

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to refund INR 646 crore to Reliance Industries Limited in a major ruling linked to a long-standing dispute over a commercial development project at Bandra Kurla Complex in Mumbai. The court has set aside penalty and demand notices issued by the authority, observing that the recovery action lacked legal backing and was applied in an arbitrary manner. It further noted inconsistency in extension benefits granted to similar projects, leading to unequal treatment, and ordered the refund within a fixed timeframe with interest applicable on delay.Read more

Bangalore News Desk

13 Apr 2026

AstraZeneca India has planned to sell its 64-acre manufacturing facility located in North Bengaluru for around INR 3,400 crore. The decision is part of a broader global restructuring exercise by its UK-based parent company, which is reviewing its manufacturing and supply network across markets. The asset sale reflects a continued focus on streamlining operations and monetising non-core infrastructure. The Bengaluru site, long associated with the company's production activities, is now being evaluated for divestment as AstraZeneca strengthens its focus on research, innovation, and digital healthcare capabilities in India and other key markets.Read more

11 Apr 2026

The Union government has slowed its efforts to develop a centralised, multi-sector Infrastructure Investment Trust (InvIT) model, opting instead to continue with sector-specific InvIT structures for infrastructure asset monetisation. The shift follows concerns over regulatory clarity and governance frameworks required to pool assets across sectors and states. Policymakers and industry stakeholders have indicated that while a diversified InvIT platform remains a long-term objective, current conditions favour single-sector vehicles such as road-focused InvITs. The development comes amid ongoing efforts under the National Monetisation Pipeline to unlock value from public infrastructure assets, with the government prioritising operational feasibility and investor confidence in the near term.Read more

11 Apr 2026

Mangaluru City Corporation is planning a construction and demolition (C&D) waste management unit at the Pachanady dump yard to address rising illegal dumping across the city. Waste is being disposed of in open areas and near riverbanks, raising environmental concerns. Builders will be required to use the facility by paying a fee, while stricter monitoring and penalties are being introduced. The move is part of efforts to improve waste handling and ensure accountability among developers and contractors.Read more

10 Apr 2026

Prime Minister Narendra Modi is scheduled to inaugurate the HPCL-Rajasthan refinery at Pachpadra later this month, bringing into operation a 9 MMTPA integrated refinery-cum-petrochemical complex developed at an estimated cost of around INR 80,000 crore. The project, implemented by HPCL Rajasthan Refinery Ltd, is a joint venture between Hindustan Petroleum Corporation Ltd and the Government of Rajasthan. Located in Balotra district, the facility includes petrochemical capacity of 2.4 MMTPA and is designed to process both domestic and imported crude. The refinery has evolved over more than a decade, undergoing cost revisions and policy changes, and is expected to support industrial development, employment generation and downstream sector growth across western Rajasthan.Read more

10 Apr 2026

Wonder Cement has strengthened its renewable energy strategy through multiple long-term solar power purchase agreements with Sunsure Energy. The partnership will enable the company to source a significant portion of its electricity from clean energy for its facilities in Maharashtra and Uttar Pradesh. This move is expected to reduce around 33,000 metric tonnes of CO2 emissions annually and lower dependence on conventional grid power. The development reflects a broader shift within the cement sector towards sustainability, with companies increasingly adopting renewable energy solutions to manage costs and meet environmental targets.Read more

09 Apr 2026

DP World Cochin has recorded its highest-ever single vessel cargo handling, processing over 8,000 twenty-foot equivalent units (TEUs) during the recent call of the ultra large container vessel MSC Ilaria at the International Container Transshipment Terminal in Kochi. The milestone, achieved in the past week, surpasses the earlier record of more than 6,000 TEUs handled during a previous vessel call. The development reflects the terminal's upgraded infrastructure and its growing ability to accommodate next-generation container ships. With expanded yard capacity, enhanced crane infrastructure, and improved power systems, the terminal is positioning itself to handle larger volumes of EXIM and transshipment cargo while strengthening its role in India's southern maritime logistics network.Read more

06 Apr 2026

IndiGo is set to increase its domestic operations to nearly 2,000 daily flights during the summer schedule, expanding capacity as travel demand rises across India. The airline, which currently operates over 1,850 daily flights, is adding new routes and boosting frequencies after resolving earlier operational constraints. Network expansion includes new destinations like Bhavnagar and Jamnagar, along with increased connectivity from key hubs and upcoming airports such as Navi Mumbai and Noida International Airport. Alongside domestic growth, IndiGo is also expanding internationally with new routes and aircraft, while continuing to manage challenges like airspace restrictions, airport congestion and rising operational costs.Read more