23 Aug 2025

L&T Technology Services has launched PLxAI, a Generative AI-powered framework to accelerate the Product Development Life Cycle across Mobility, Sustainability, and Technology sectors. Combining conventional AI with Generative AI, PLxAI offers scalable solutions covering all development stages, from concept design to aftermarket support. The platform uses organizational knowledge, smart prompting, and contextual intelligence to improve efficiency and precision. With over 36 use cases already deployed and 35 more in development, PLxAI aims to drive faster innovation, reduce costs, and enhance engineering outcomes, reinforcing LTTS' position as a global leader in engineering and technology services.Read more

22 Aug 2025

In a major move to expand its manufacturing footprint, photovoltaic solar cell manufacturer Jupiter International Ltd. has signed a memorandum of understanding (MoU) with the Maharashtra government to build a new integrated solar manufacturing facility in Butibori, Nagpur. The proposed project involves a substantial investment of around INR 10,900 crore and will cover the entire solar value chain, from wafer manufacturing to advanced solar cell and module production. This initiative is a key part of Jupiter International's long-term strategy to build a vertically integrated solar platform and contribute to India's renewable energy future.Read more

20 Aug 2025

LML Realty has announced an INR 150 crore investment in its first industrial park at Firozpur Jhirka in Haryana, developed under the state's PADMA scheme. Spread across 35 acres, the park will feature plug-and-play units, a dedicated exhibition and display centre, and in-house R&D and testing facilities. MSMEs moving into the park will benefit from state incentives, including SGST refunds, capital subsidies, electricity duty waivers, and support for branding, technology, and R&D. This investment builds on LML's recent industrial ventures in Haryana, including land acquisition for an EV industrial hub.Read more

16 Aug 2025

Amazon finalised a built-to-suit lease agreement for a 600,000 sq ft warehousing facility at Kolkata's Oswal Logistics Park, signalling its continued push into India's supply chain network. The structure will feature a 400,000 sq ft plinth area and a 200,000 sq ft mezzanine space, with a handover anticipated between 2027 and 2028. Positioned among the premium rental deals in the city, the facility is set to incorporate advanced automation and fulfilment systems. This move reinforces Amazon's long-term ambition to bolster last-mile delivery across Tier-1 and Tier-2 urban centres.Read more

13 Aug 2025

The Reserve Bank of India (RBI) has approved the merger of Hinduja Leyland Finance with NDL Ventures. This is a key step in a larger plan by Ashok Leyland, the parent company, to publicly list its non-banking financial company through a reverse merger. The combined entity is expected to have assets over INR 29,000 crore, strengthening its financial position. The approval paves the way for the company to proceed with other regulatory and shareholder approvals.Read more

12 Aug 2025

India is preparing a new bill aimed at strengthening its construction equipment (CE) industry by reducing dependency on low-cost imports, particularly from China. The industry has shown modest growth, with a 3% rise in equipment sales and a 10% increase in exports last fiscal. Industry leaders are calling for a sharper focus on green fuels, indigenous advanced machinery, and mandatory operator training. With INR 2 lakh crore in projects already awarded and INR 5 lakh crore more expected soon, the sector is set for steady expansion backed by strong infrastructure momentum.Read more

11 Aug 2025

Bengaluru has emerged as the top-performing city in India's commercial office real estate market, with vacancy rates dropping to a 10-year low due to heightened leasing activity. According to ICRA, the city holds the largest share of Grade A office stock among the top six metros, reflecting strong demand from sectors like Global Capability Centres (GCCs), BFSI, flex-space operators, and domestic IT-BPM firms. Other key markets like Chennai, Delhi-NCR, Hyderabad, MMR, and Pune are also projected to witness stable or improving vacancy levels through FY2026.Read more

06 Aug 2025

Tesla India Motor & Energy has leased nearly 51,000 sq. ft. of space in Orchid Business Park, Gurugram for a nine-year term, with a starting monthly rent of INR 40.17 lakh. The space will serve as a retail showroom, service centre, and warehouse. This marks Tesla's second major commercial facility in India after its Mumbai launch. The company has paid a security deposit of INR 2.41 crore and will get 51 parking slots. Annual rent will rise by 4.75%, eventually reaching about INR 58.22 lakh by the ninth year.Read more

04 Aug 2025

GHV Infra Projects has secured an engineering, procurement, and construction contract from Rana Exim FZ-LLC in the United Arab Emirates for the development of a smart manufacturing hub. Valued at approximately INR 2,645 crore, the project is located in Ras Al Khaimah Economic Zone and will comprise industrial and commercial infrastructure. The estimated completion timeline is 24 months, excluding an initial 90-day setup period. With this addition, the company's total order book now exceeds INR 7,000 crore.Read more

04 Aug 2025

The Allahabad High Court has ruled in favour of Empire-E-Parks by ordering a complete waiver of interest, penalties, and other charges for the period during which the developer could not take possession of the allotted plot due to delays caused by the Greater Noida Authority. Despite paying over INR 17.6 crore towards premiums, lease rent, and stamp duty, the company faced encroachments and lack of infrastructure for years. The court held that once the state admits delay on its part, it cannot limit the zero-period benefit. This decision aligns with earlier rulings and is likely to influence several similar disputes across Noida and Greater Noida.Read more

03 Aug 2025

Wipro Infrastructure Engineering (WIN) recently announced the launch of Wipro Electronic Materials, a new business division focused on manufacturing high-performance base materials for Printed Circuit Boards (PCBs). As part of this initiative, the company will establish a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, investing approximately INR 500 crore and creating around 350 jobs. This move aims to address India's current 100 percent import dependency for CCLs, strengthen the domestic electronics manufacturing supply chain, and boost global competitiveness across rapidly growing sectors like telecommunications, automotive, and AI infrastructure.Read more

02 Aug 2025

TIKIDAN, a long-standing player in the construction chemicals sector, has launched Revestidan Protect Max in the Indian market to address the growing need for efficient waterproofing on exposed surfaces. Engineered with polyurethane hybrid technology, this new solution provides long-lasting protection from water seepage, UV exposure and structural wear. It is suitable for a wide range of surfaces and is especially useful for re-waterproofing and areas prone to damage such as high-rise rooftops and zones beneath water tanks. Its seamless application reduces the need for repairs while enhancing surface durability.Read more

02 Aug 2025

SRF Ltd, a Gurugram-based diversified chemical firm, plans to invest close to INR 750 crore to establish new manufacturing facilities. This includes an agro-chemical plant in Dahej, Gujarat, costing INR 250 crore, and a BOPP film manufacturing facility in Indore, Madhya Pradesh, with an investment of INR 490 crore. These projects, approved by the company's board recently, are part of SRF's expansion strategy. The announcement follows a strong financial quarter for SRF, which reported a 71 percent increase in net profit, reflecting the company's robust capital expenditure plans despite global uncertainties.Read more

01 Aug 2025

NDR InvIT Trust, a National Stock Exchange-listed infrastructure investment trust, has expanded its footprint in Goa with the launch of a 2.35-lakh square feet warehousing facility located at NDR Varama Sir on Verna Airport Road. This newly developed site will serve both a leading quick commerce company and a third-party logistics provider specialising in fast-moving consumer durables. The addition brings NDR's total warehousing capacity in Goa to 11 lakh square feet, reinforcing its leadership in the region's logistics and industrial real estate sector.Read more

01 Aug 2025

India's industrial output growth slowed to a 10-month low of 1.5 percent in June 2025, a notable drop from 1.9 percent in May. This slowdown was primarily due to weak performance in the mining, electricity, and primary goods sectors. While manufacturing showed improvement, other key sectors contracted, impacting the overall Index of Industrial Production (IIP). This trend, with worse growth last recorded in August 2024, highlights a moderation in industrial activity, even as some segments like infrastructure goods continue to show positive growth, pointing to mixed signals in the nation's industrial landscape.Read more

01 Aug 2025

Steel Infra Solutions Company Ltd (SISCOL), an integrated structural steel solutions provider, has filed preliminary papers with SEBI for an Initial Public Offering (IPO). The IPO combines a fresh issue of INR 96 crore and an offer-for-sale of 1.42 crore equity shares. The fresh funds are intended for expanding manufacturing facilities in Vadodara, Hyderabad, and Bhilai, along with supporting working capital needs and general corporate purposes. With an order book of INR 811 crore and consistent growth in revenue and profit, SISCOL aims to strengthen its role in India's large-scale infrastructure projects.Read more

30 Jul 2025

The Department for Promotion of Industry and Internal Trade (DPIIT) recently signed a Memorandum of Understanding (MoU) with electric vehicle (EV) maker Ather Energy. This partnership aims to create new opportunities for startups in the EV and manufacturing sectors. The collaboration will focus on providing strategic mentorship and infrastructure support for deep-tech startups within the EV value chain. Joint Secretary Sanjiv Singh from DPIIT stated that this initiative seeks to foster an environment where startups can contribute significantly to EV manufacturing, battery innovation, and clean energy solutions, aligning with India's push for sustainable mobility and domestic production.Read more

26 Jul 2025

Adani Group's subsidiary, Manorview Developers, has been appointed as the Engineering, Procurement, and Construction (EPC) contractor for Paytm's upcoming IT and ITes complex in Noida's Sector 159. This development follows Paytm's termination of a previous joint development agreement due to non-compliance with NOIDA regulations, leading the company to pursue the 10-acre project independently. The appointment of Manorview Developers signifies a significant step forward for Paytm's complex, originally allocated by the Noida Authority in 2018, and underscores the growing demand for large-scale IT infrastructure in the National Capital Region.Read more

25 Jul 2025

IndoSpace has launched 'IndoSpace Chakan V', a 188-acre industrial and logistics park within the MIDC Chakan belt in Pune, with an investment of USD 120 million. This marks the company's largest industrial development in India and its eighth facility in the Pune region, expanding its local footprint to 525 acres. The park is positioned along major highway corridors and offers multimodal connectivity to key industrial hubs. Designed with sustainability features and advanced technology, it targets sectors including automotive, engineering, electronics, and third-party logistics.Read more

24 Jul 2025

Adani Ports & SEZ Ltd, along with Super Handlers and Empezar Logistics, have submitted proposals to develop a substantial 174-acre multimodal logistics park in Sector Kappa-2, Greater Noida. This ambitious project, launched under a GNIDA scheme earlier this year, mandates a minimum investment of INR 1,200 crore and aims to generate over 5,000 jobs. Strategically positioned near the upcoming Noida International Airport and key freight corridors, the park will feature advanced cargo handling facilities, integrating road, rail, and air networks. This initiative is pivotal for boosting Uttar Pradesh's logistics infrastructure and transforming Greater Noida into a unified cargo hub.Read more