15 Oct 2025

Construction firm Capacit'e Infraprojects announced earlier this week that it had bagged a significant contract from the Indian Institute of Technology Bombay (IIT Bombay) for developing fast-track buildings on a design-and-build basis. The project, valued at around INR 542.37 crore, involves the use of composite steel and reinforced cement concrete materials to expedite construction timelines while maintaining high structural standards.Read more

14 Oct 2025

Maersk has terminated a USD 475 million contract with Seatrium for a nearly finished offshore wind vessel intended for the Empire Wind project off New York. The 98.9% completed vessel faced cancellation due to construction delays, causing Seatrium shares to drop 6.5%. The U.S. offshore wind sector has faced regulatory challenges, including a stop-work order earlier this year under the Trump administration. Seatrium is assessing options, including legal action, while Equinor is reviewing alternatives for the vessel, which was originally scheduled for deployment in 2026, highlighting ongoing operational and regulatory complexities.Read more

14 Oct 2025

Google will invest USD 10 billion to establish a large-scale data centre and artificial intelligence hub in Visakhapatnam, Andhra Pradesh, marking its biggest investment in India so far. The project involves building a 1-gigawatt data centre campus equipped with AI infrastructure, renewable energy systems, and expanded fibre-optic connectivity. The Andhra Pradesh government has also announced plans to scale data capacity to 6 GW in the coming years. However, some legal and land acquisition issues have arisen around the project's designated sites.Read more

14 Oct 2025

Hindustan Construction Company (HCC) recently revealed that it had secured a contract valued at INR 204 crore from Hindalco Industries Limited for critical works linked to the Aditya aluminium smelter expansion project in Odisha. The contract encompasses fabrication, supply, and erection of pot shells and superstructure, representing a significant element of Hindalco's ongoing efforts to boost its aluminium smelting capacity by 200,000 tonnes per annum. The project highlights HCC's proven expertise in large-scale industrial construction and its ability to deliver complex assignments to international quality benchmarks.Read more

13 Oct 2025

During the inauguration of the UP Trade Show Swadeshi Mela in Gorakhpur earlier this week, Uttar Pradesh Chief Minister Shri Yogi Adityanath highlighted that the state's robust infrastructure, improved ease of doing business, and strong law and order have driven significant domestic and international investments. He noted that Uttar Pradesh had transformed from a once "BIMARU" state into an "enterprise-oriented" region, becoming a major contributor to the nation's economic growth under the double-engine government.Read more

12 Oct 2025

The Tamil Nadu government has approved INR 1.2 crore for the development of road, water, and drainage infrastructure at the Thiruverumbur SIPCOT Industrial Park near Trichy Semi-Ring Road. Spread across 125 acres in Elandapatti and Suriyur villages, it will be Trichy's second major industrial estate after Manapparai SIPCOT. The state plans to allocate the park to a prominent electronics manufacturer, with support from Guidance Tamil Nadu. Proximity to Trichy International Airport is expected to boost land values, while infrastructure development will enhance investment and create employment in the region.Read more

12 Oct 2025

Vietnam's State Treasury raised USD 232 million in a recent government bond auction, with sales substantially higher than the previous week. Nearly half of the bonds on offer were sold, bringing total government bond issuance for the year to USD 9.67 billion, aimed at funding public investment projects. While short- and medium-term bonds saw strong demand, long-term bonds attracted limited interest. Corporate bond issuance also remains robust, with significant activity in September and notable upcoming maturities in the real estate and banking sectors, highlighting the country's active debt market.Read more

11 Oct 2025

Jindal India has launched a new downstream steel facility in West Bengal with an annual capacity of 0.6 million tonnes at INR 1,500 crore, increasing overall steel production to 1.6 million tonnes. The expansion will raise coated flat product capacity by 60 per cent, pipe production by 40 per cent, and crash barrier output by 75 per cent. As part of the USD 2.5 billion BC Jindal Group, the company aims to boost sales revenue, strengthen its product portfolio, and enhance operational efficiency across multiple steel segments.Read more

10 Oct 2025

Container Corporation of India Ltd. (CONCOR) and UltraTech Cement Ltd. have entered into a strategic partnership to transition bulk cement transportation from road to rail. The collaboration leverages CONCOR's rail network to move cement over long distances, reducing road congestion and fuel consumption. By relying on rail, the companies aim to cut carbon emissions, enhance supply chain efficiency, and lower transportation costs. This initiative aligns with India's broader push for green logistics and sustainable freight solutions, setting an example for heavy industries nationwide.Read more

10 Oct 2025

JSW Cement has commissioned a 1 MTPA grinding unit in Sambalpur, Odisha, through its subsidiary Shiva Cement, raising the company's total capacity to 21.6 MTPA. Strategically located near Odisha, Chhattisgarh, and Jharkhand, the plant ensures proximity to raw materials and addresses growing cement demand in eastern India. Since acquiring Shiva Cement in 2018, JSW Cement has focused on expansion, aiming to triple its capacity to 60 MTPA. Operating seven plants nationwide, the company is among India's top 10 cement producers, consolidating its presence across key regions.Read more

09 Oct 2025

IKEA has acquired U.S.-based logistics technology company Locus, aiming to enhance delivery speed and flexibility as the retailer expands its online presence. The move complements Ingka Group's USD 2.2 billion U.S. investment strategy, even amid higher tariffs on imported furniture. Locus, valued at USD 300 million in 2021, uses artificial intelligence to optimize delivery routes, reducing costs by an estimated EUR 100 million annually. The technology will initially be piloted in the U.S. and UK, improving customer tracking, multiple delivery options, and overall shopping experience.Read more

08 Oct 2025

The Goa Industrial Development Corporation (GIDC) has opened applications for 28 industrial plots on lease across five estates: Panchawadi, Pissurlem, Honda, Sanguem, and Kundaim. Plot sizes range from 907 sqm to 2,689 sqm, catering to small and medium-scale manufacturing units. Panchawadi leads with 10 plots, followed by Sanguem with seven. Lease rates are set at INR 1,070 per sqm for most estates, while prime plots in Kundaim are priced at INR 2,120 per sqm. The initiative is aimed at attracting new investments and supporting industrial expansion, with applications closing soon.Read more

07 Oct 2025

Leasing of industrial and warehousing spaces in India saw a 22% increase year-on-year during the July-September period, driven by strong demand from the manufacturing sector, e-commerce firms, and third-party logistics (3PL) operators, according to Savills India. Tier-I cities dominated the activity, contributing 84% of leased space, while Tier-II and III cities accounted for the remainder. Total leasing for the first nine months of 2025 reached 55.3 million sq ft, marking a 23.4% increase from last year, while new supply also grew steadily, reflecting continued confidence in the industrial real estate market.Read more

06 Oct 2025

QatarEnergy has signed an agreement with Shell to acquire a 27% stake in the North Cleopatra offshore block in Egypt's Herodotus basin, further expanding its global exploration portfolio. The deal, pending approval from Egyptian authorities, will see Shell retain a 36% interest as operator, while Chevron holds 27% and Tharwa Petroleum Company 10%. The block spans over 3,400 sq km in the eastern Mediterranean, with water depths reaching up to 2,600 metres. The acquisition adds to QatarEnergy's growing presence in key international oil and gas regions, including recent ventures in Guyana, Lebanon, Namibia, and South Africa, reinforcing its global expansion strategy.Read more

06 Oct 2025

India may cancel 3-4 gigawatts of solar projects after the renewable energy ministry directed clean energy agencies to withdraw and reissue tenders that were rushed to bypass upcoming import restrictions. From June 2026, government solar projects must use locally made modules and cells, but tenders submitted before August 31 were temporarily allowed to use imports. Industry groups alleged that agencies exploited this exemption by offering bid windows as short as seven days to secure cheaper Chinese cells. The ministry confirmed misuse and asked agencies to act within 15 days. India expects to become largely self-sufficient in solar cell production by March 2027.Read more

06 Oct 2025

L&T's Buildings & Factories division has secured major contracts for two key projects in India: a 5.9 million sq ft IT park in Bengaluru and a mixed-use development in Mumbai. The Bengaluru project, valued between INR 5,000 crore and INR 10,000 crore, will be delivered in two phases on a lump sum turnkey basis, while the Mumbai project is planned for completion within 45 months. These orders underscore L&T's expertise in executing large and complex office and mixed-use developments efficiently, reinforcing its reputation as a trusted construction partner for high-value projects.Read more

06 Oct 2025

Mahindra Logistics has expanded its warehousing operations in Northeast India by adding over 4 lakh sq ft of space across Guwahati and Agartala. The Guwahati facility, spanning 3 lakh sq ft, is the region's largest Grade-A multi-client warehouse and hosts the first Community Centre of Excellence in partnership with the Logistics Skill Council. The 1.3-lakh sq ft Agartala facility strengthens connectivity across northeastern states and enables cross-border trade with Bangladesh. The expansion forms part of the company's 'Go-East' strategy, supporting economic growth, creating jobs, and enhancing logistics infrastructure in tier-II and tier-III cities.Read more

05 Oct 2025

Tata Motors has invested an additional INR 120 crore in Freight Commerce Solutions, bringing its total investment to INR 270 crore. The investment includes INR 120 crore through Series C Compulsorily Convertible Preference Shares and INR 14 crore for acquiring equity shares. Tata Motors is expected to hold a 42% to 46% stake in Freight Tiger. The company aims to transform logistics through artificial intelligence, enhancing India's logistics infrastructure. Additionally, Tata Motors has incorporated a wholly-owned subsidiary in the Netherlands to manage global business interests.Read more

04 Oct 2025

The Haryana government has announced plans to establish advanced warehousing infrastructure at Maharaja Agrasen Airport in Hisar to facilitate the storage and export of horticultural produce. The initiative aims to preserve the quality and freshness of crops through controlled temperature storage, thereby boosting agricultural exports and enhancing farmers' income. The Haryana State Warehousing Corporation will oversee the development of modern cold storage and air cargo facilities at the airport, aligning with international standards to support the export of perishable items like fruits and flowers.Read more

02 Oct 2025

PsiQuantum has begun construction of a major quantum computing facility in Chicago following a USD 1 billion Series E funding round led by Blue Owl Capital. The site at Illinois Quantum and Microelectronics Park will develop the company's largest intermediate-scale quantum test system, monitored by the Defense Advanced Research Projects Agency. PsiQuantum's photonic-based approach aims to overcome technical bottlenecks faced by competitors. The funding will also support development in Australia and advances in quantum photonic chips, while the project is expected to generate thousands of jobs and attract substantial economic investment.Read more