08 Jun 2026

Evonith Steel has completed the acquisition of Indrajit Power Pvt Ltd (IPPL) in Maharashtra through the Insolvency and Bankruptcy Code (IBC) process for INR 232 crore. The acquisition includes an 85 MW thermal power asset located next to the company’s steel manufacturing facility in Wardha. The transaction follows approval from the National Company Law Tribunal (NCLT) earlier this year, where Evonith Steel was selected as the successful resolution applicant. The move is expected to strengthen the company’s captive power availability and support the operational requirements of its 1.4 million tonne steel plant.Read more

08 Jun 2026

Hindustan Construction Company (HCC) has secured a contract worth INR 127 crore from Wangchhu Hydroelectric Power Ltd (WHPL), Bhutan, for diversion and enabling works associated with the Wangchhu Hydroelectric Project. The contract covers the construction of diversion tunnels, hydromechanical gates and cofferdams and is scheduled for completion within nine months. The works are intended to facilitate the commencement of the project's main civil construction activities and support adherence to the overall implementation schedule. The award comes as Bhutan accelerates hydropower development under its 13th Five-Year Plan (2024–29), which targets 6,000 MW of installed generation capacity through continued investment in large hydroelectric projects. HCC has maintained a presence in Bhutan's hydropower sector for more than three decades through several major projects.Read more

08 Jun 2026

The Telangana government has inaugurated a new biologics manufacturing facility developed by Theranym Biologics in Sangareddy district with an investment of INR 1,200 crore. Located at Borpatla village, the facility is expected to generate employment for more than 1,500 local youths and strengthen the state's position in the life sciences sector. The plant will manufacture medicines used in the treatment of cancer and other life-threatening diseases, with products targeted for export to international markets, including the United States. State ministers D Sridhar Babu and Damodar Rajanarasimha attended the inauguration ceremony. The project adds to Telangana’s growing pharmaceutical and biotechnology ecosystem and is expected to enhance the global standing of products manufactured in the state.Read more

07 Jun 2026

South Korea’s Korea Electric Power Corporation (KEPCO) has secured a contract for the second phase of the cogeneration power plant at Saudi Aramco’s Jafurah project in Saudi Arabia, strengthening its presence in the kingdom’s energy infrastructure sector. The company expects to generate approximately KRW 2.1 trillion (USD 1.4 billion) in revenue from the project. The facility will have a power generation capacity of 331 MW and produce around 465 metric tonnes of steam per hour. Construction is scheduled for completion by June 2029, after which the plant will supply electricity and steam for 17 years. The project expands on the first phase of the Jafurah cogeneration development, which KEPCO secured through an international tender in 2022.Read more

07 Jun 2026

Sattva Group, in partnership with Knowledge Realty Trust and rePurpose Global, has advanced the Karnataka Zero Waste Initiative with a field visit across key waste management and coastal restoration sites in Dakshina Kannada. Launched on Earth Day 2026, the three-year programme aims to recover between 3.5 million and 4.5 million kilograms of waste, integrate 80,000 households into formal waste management systems and reduce plastic leakage across 50 coastal villages. During the visit, representatives reviewed operations at Someshwara Beach, Kadeshwalya village, Pachanady and the Bantwal Material Recovery Facility. The initiative has already recovered more than 1.5 lakh kilograms of dry waste and processed over 50,000 kilograms of low-value plastic, while supporting waste workers and strengthening local waste management infrastructure.Read more

07 Jun 2026

• HTL International has outlined a series of sustainability initiatives across its furniture and sleep product businesses, focusing on material innovation, responsible sourcing and environmentally conscious manufacturing.
• The company has introduced upholstery fabrics made from recycled PET bottles, with each metre of fabric incorporating up to 37 recycled plastic bottles.
• Sustainable materials, certified fabrics and environmentally managed production processes are being deployed across its brands, including Fabbrica, Domicil and Corium.
• HTL has also strengthened traceability and environmental standards across its leather sourcing and tanning operations.
• The company said growing consumer awareness around sustainable living is driving demand for products that balance environmental responsibility with performance and design.Read more

06 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated discussions with environmental organisations, researchers and industry stakeholders to position the city as a recycling hub through a series of circular economy and waste management initiatives. At a special meeting chaired by Municipal Commissioner Dr Kailas Shinde, proposals ranging from plaster of Paris (POP) idol recycling and decentralised waste management to textile recycling, biomass briquettes and biodegradable alternatives to single-use plastics were reviewed. The civic body is also considering a recycling project proposed by the Institute of Chemical Technology (ICT), Mumbai. The discussions come as NMMC prepares for the implementation of Solid Waste Management Rules, 2026, while seeking sustainable solutions for festival idol immersion, urban biodiversity conservation and citizen participation in environmental governance.Read more

06 Jun 2026

• Bihar has announced plans to develop 11 mega industrial parks and create a 50,000-acre land bank to support future industrial and manufacturing projects across the state.
• The government will also establish food parks in all 38 districts to boost agro-processing, local industries and employment opportunities.
• The initiative aims to improve land availability for investors, strengthen industrial infrastructure and enhance Bihar’s ease of doing business ecosystem.
• Officials have been directed to simplify approvals, promote entrepreneurship and accelerate growth in sectors such as food processing, textiles, pharmaceuticals and MSMEs.
• The move forms part of Bihar’s broader strategy to attract private investment, expand industrial activity and generate long-term employment.Read more

06 Jun 2026

Agro Chem Federation of India organised an awareness and interaction programme in Chandigarh focused on sustainable agricultural practices, responsible agrochemical usage and stronger collaboration between industry stakeholders and agri-input distribution networks. The event, themed “Strengthening Dealer Industry Partnership for Sustainable Agriculture”, brought together agri dealers, distributors, retailers, advisors and industry professionals from Punjab and Haryana. Discussions centred on scientific pesticide usage, counterfeit product prevention, stewardship initiatives, environmental safety and farmer education amid evolving regulatory requirements. Industry representatives stated that agri dealers continue to play a critical role in influencing farming practices at the grassroots level, particularly in improving awareness regarding safe and judicious use of agricultural inputs across farming communities.Read more

05 Jun 2026

• Uttar Pradesh government has acquired nearly 100 hectares of land in Niwari, Modinagar, Ghaziabad.
• The land will be developed into a planned industrial hub under UPSIDA.
• The move is part of the state’s broader strategy to expand industrial infrastructure and manufacturing capacity.
• The project is expected to support logistics, manufacturing units, and industrial investment in the region.
• Ghaziabad’s proximity to Delhi-NCR makes it a key location for future industrial development and investor interest.Read more

05 Jun 2026

• Welspun One plans to lease over 10 million sq ft of warehousing and industrial space across India during the next three years.
• The company is expanding its logistics and industrial real estate portfolio amid sustained demand from manufacturing, e-commerce, third-party logistics and retail occupiers.
• The planned leasing is expected to come from assets being developed under the firm's investment platforms across multiple logistics markets.
• The company remains focused on scaling its portfolio through institutional capital, development activity and long-term tenant partnerships.Read more

05 Jun 2026

DTDC Express has introduced a self-onboarding digital platform designed to simplify and speed up logistics registration for businesses. The system allows companies to complete KYC, register, and start shipping within 10 minutes without manual intervention. Launched earlier this week, the platform targets the growing MSME and D2C segments, which require faster and more efficient logistics solutions. The initiative aims to reduce traditional onboarding delays caused by documentation and operational dependencies. With strong early adoption, the platform has already attracted over 22,000 registrations and onboarded more than 5,000 businesses across multiple regions in India.Read more

05 Jun 2026

NHPC has commenced construction activities for the 240 MW Uri-I Stage-II Hydroelectric Project in Uri, Baramulla district, Jammu & Kashmir. The project, approved at an investment of INR 2,708.95 crore, is being developed on the Jhelum River as an extension of the existing Uri-I scheme. Work began with the first blast for the head race tunnel in the past week. Designed as a run-of-the-river project, it will comprise two 120 MW units and is expected to generate around 932 million units of electricity annually upon completion.Read more

04 Jun 2026

• Supply chain operator Prozo has expanded its logistics presence in Maharashtra with a new 50,000 sq ft fulfilment centre in Bhiwandi, Thane district.
• The facility is designed to support FMCG, fashion and lifestyle, and healthcare distribution requirements across the state.
• With this addition, Prozo now operates seven fulfilment centres in Maharashtra, covering a total warehousing footprint of 4.1 lakh sq ft.
• The expansion reinforces Bhiwandi’s position as a key warehousing hub within western India’s logistics network.Read more

04 Jun 2026

Maharashtra and Finland have strengthened cooperation on circular economy and waste-to-value systems, with key participation from Maharashtra Chief Secretary Rajesh Aggarwal, IAS, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, and Consul General of Finland Erik af Hällström. The discussions were held during a circular economy conclave hosted by MMRDA and the Consulate General of Finland in Mumbai. The engagement comes ahead of the World Circular Economy Forum 2026 in India and reflects ongoing collaboration involving Chief Minister Devendra Fadnavis and Finnish leaders, including Ville Tavio and President Alexander Stubb, focused on sustainability, recycling and clean energy initiatives.Read more

03 Jun 2026

• The Chandigarh administration has proposed permitting fragmentation of industrial plots measuring four kanal or more in Industrial Area Phase I and Phase II as part of amendments to the Chandigarh Master Plan (CMP)-2031.
• The move forms part of the administration’s ongoing Deregulation-II exercise aimed at improving industrial land utilisation and supporting business activity.
• Larger industrial plots could be subdivided into smaller units, subject to revised planning approvals, zoning compliance and conditions under a separate fragmentation policy.
• The proposal is expected to improve access to industrial space for MSMEs, startups and service-sector businesses that often find larger plots financially inaccessible.
• The administration is also considering broader industrial reforms, including mixed land use, higher development flexibility and ease-of-doing-business measures.Read more

02 Jun 2026

• Andhra Pradesh is planning a INR 3,500 crore furniture manufacturing hub near Gudur.
• The proposed cluster is expected to support large-scale furniture production and attract domestic and international investment.
• Officials said the project will focus on strengthening manufacturing infrastructure, employment generation and industrial development.
• The initiative forms part of the state’s broader strategy to expand industrial clusters and boost manufacturing-led economic growth.Read more

02 Jun 2026

• The Supreme Court has ruled that the Navi Mumbai Municipal Corporation (NMMC) is the competent authority to levy and collect property tax in the Thane Trans Creek (TTC)-MIDC industrial area.
• The judgment brings an end to a legal dispute that has been ongoing for more than two decades between industrial associations and civic authorities over taxation powers in the corridor.
• The ruling clarifies the distinction between municipal taxes and service charges collected by the Maharashtra Industrial Development Corporation (MIDC), while also addressing the applicability of tax exemptions in the industrial belt.
• The decision is expected to pave the way for recovery of substantial pending property tax dues from industrial units operating in the region.Read more

02 Jun 2026

• Tata Power Solar Rooftop has launched the ‘Ghar Ghar Solar’ campaign in Uttar Pradesh in partnership with Tata Power Battery Storage.
• The initiative aims to accelerate rooftop solar adoption and provide households with round-the-clock clean energy solutions.
• The company plans to install 3 lakh rooftop solar systems across the state over the next three years, targeting 1,000 MWp of cumulative capacity.
• The programme combines rooftop solar, battery storage and financing options to make clean energy more accessible and affordable.
• Uttar Pradesh offers subsidies of up to INR 1.08 lakh for systems up to 3 kW through combined central and state government incentives.Read more

02 Jun 2026

• Avaada Group plans to add 5 GW of renewable energy capacity during the current financial year, taking its operational portfolio to 12 GW by March 2027.
• The proposed capacity comprises solar, wind and Battery Energy Storage System (BESS) projects across Maharashtra, Gujarat and Rajasthan.
• The company added 2 GW in FY26 but faced delays in commissioning additional projects due to pending power purchase agreements (PPAs) and transmission infrastructure readiness.
• Avaada is also developing an integrated solar manufacturing facility at Butibori, Nagpur, covering ingots, wafers, cells, modules and ancillary products under one complex.
• The group remains on track to achieve its long-term target of 30 GW of renewable energy capacity by 2030 while reducing import dependence through domestic manufacturing.Read more