19 Feb 2026

CleanMax Enviro Energy Solutions, a leading commercial and industrial renewable energy provider, has announced a Rs 3,100-crore initial public offering (IPO), with a price band of INR 1,000-1,053 per share, valuing the company at INR 12,325 crore at the upper end. The IPO includes a fresh issue of INR 1,200 crore and an offer-for-sale of INR 1,900 crore by promoters and early investors. CleanMax serves clients in multiple sectors, operates over 2.5 GW of capacity, and reported a net profit of INR 27.84 crore in FY25.Read more

19 Feb 2026

UPSIDA has launched a comprehensive e-auction for commercial and industrial plots in multiple districts of Uttar Pradesh to accelerate industrialisation and investment. The auction includes plots for offices, BPOs, schools, hospitals, workshops, hotels, warehousing, group housing, and multipurpose facilities across districts like Mathura, Amethi, Lucknow, Jhansi, and Fatehpur. The online auction process is fully transparent, with registration and document submission already underway, and e-bidding scheduled in the coming week. This initiative is positioned to provide a structured, investor-friendly opportunity to expand industrial and commercial development in the state.Read more

19 Feb 2026

Dangote Group has entered a USD 400 million equipment deal with China's XCMG to accelerate the expansion of its oil refinery to 1.4 million barrels per day. The agreement provides new heavy machinery for projects in refining, petrochemicals, agriculture, and infrastructure. The refinery's expansion will boost polypropylene to 2.4 million tons per year, triple Nigeria's urea production to 9 million tons annually, and increase linear alkyl benzene output to 400,000 tons. The move supports Dangote's strategic goal of becoming a USD 100 billion company by 2030 while reducing Nigeria's dependence on imported fuel.Read more

17 Feb 2026

Siemens Energy India Ltd reported a 35 per cent rise in net profit to INR 313 crore for the December quarter of FY26, supported by a 26 per cent increase in revenue to INR 1,911 crore. Profitability was affected by a one-time labour-related cost of INR 52 crore. Operating in an October-September financial year, the company cited strong energy market conditions. Its board approved an INR 2,060 crore investment to expand large power transformer capacity by about 30,000 MVA, underlining confidence in sustained demand.Read more

17 Feb 2026

The Odisha government has approved 23 industrial investment proposals valued at INR 4,111.80 crore, expected to generate about 9,924 jobs across the state, officials said after a meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Anu Garg. The projects span a diverse range of sectors, including mechanical and electrical capital goods, apparel and textiles, aerospace and defence manufacturing, shipbuilding and repair, pharmaceuticals, chemicals, refractories, aluminium downstream industries, mineral beneficiation and logistics and warehousing, among others, reflecting the state's diversified industrial strategy. The proposals will be implemented across 11 districts, supporting regionally balanced development. Approved investments include metal beneficiation plants, manufacturing units for railway components and advanced technologies, as well as hospitality projects. Authorities said the clearances will strengthen Odisha's industrial ecosystem and create expanded employment opportunities.Read more

16 Feb 2026

US-based semiconductor equipment major KLA Corporation has committed an investment of USD 400 million (around INR 3,600 crore) to establish its global research and development and innovation hub in Chennai, Tamil Nadu Industries Minister T R B Rajaa announced. The 12-acre campus is expected to generate 4,000 high-skilled jobs and become KLA's largest integrated R&D facility outside its global headquarters. The MoU was signed with Guidance Tamil Nadu in the presence of Chief Minister M. K. Stalin. The facility will focus on advanced research in high-performance computing, AI-driven semiconductor innovation and process control engineering software, reinforcing Tamil Nadu's ambition to build a robust semiconductor ecosystem.Read more

16 Feb 2026

ECDS has announced plans to set up its first Indian manufacturing facility in Ujjain with an initial investment of INR 780 crore, in partnership with three South Korean companies. The unit will come up on 15.60 acres at the Medical Equipment Park in Vikram Udyogpuri, with construction expected to begin soon and production targeted for April 2027. The project is expected to create around 500 jobs in its first phase, with a further INR 1,250 crore investment planned for expansion.Read more

16 Feb 2026

Inox Clean Energy has entered African renewable energy markets through a joint venture with RJ Corp, marking a key international expansion move. The partnership has acquired Skypower Services MENA Ltd and plans to commission about 570 MW of renewable capacity in the first phase. Backed by sovereign-supported power purchase agreements, the projects aim to deliver over 20 per cent IRRs while limiting counterparty risks. With land and evacuation infrastructure secured, the platform targets 2.5 GW of installed capacity in Africa by FY29, funded largely through multilateral agencies.Read more

15 Feb 2026

JK Cement has started construction of a new grinding unit in Bikaner, Rajasthan, as part of its ongoing capacity expansion strategy. The company is investing around INR 500 crore in the project, which will have an initial capacity of 2 million tonnes per annum. The unit, spread across about 100 acres along the Jaipur Bikaner highway, will be JK Cement's 20th manufacturing facility. Commercial operations are planned to commence by March 2027, strengthening supply in Rajasthan and nearby markets.Read more

14 Feb 2026

The Karnataka government has revised building regulations for industrial plots under the Karnataka Industrial Areas Development Board (KIADB), increasing permissible built-up limits to enhance land use and attract investment. The changes, effective from early February, raise the maximum floor area ratio (FAR) that developers can achieve up to 5.2 for plots along wider roads through a premium payment mechanism, marking a significant rise from earlier limits. Ground coverage norms have also been relaxed. The revised framework applies across industrial areas, special investment regions and integrated townships, enabling greater vertical development, multi-storey factories, multi-level warehousing and mixed-use developments. Authorities said the move aims to optimise land utilisation and support denser, higher-output industrial and commercial growth, particularly in and around Bengaluru's key corridors. Industry bodies welcomed the reforms as a boost to investment climate and industrial expansion.Read more

Gurugram News Desk

12 Feb 2026

Prozo has commissioned its largest multi-client fulfilment centre in Gurugram, Haryana, strengthening its logistics presence in North India. Spread across 1.5 lakh sq ft at Horizon Industrial Parks, the facility adds significant capacity to the company's national network of over 50 fulfilment centres. The hub is designed to support enterprise, retail and direct-to-consumer clients through advanced material handling systems and integrated technology platforms. The development aligns with Prozo's ongoing focus on technology-led logistics operations and scalable infrastructure.Read more

12 Feb 2026

Kerala Industrial Infrastructure Development Corporation (Kinfra) has identified more than 550 acres of land near the Vizhinjam International Seaport in Thiruvananthapuram district for the development of industrial infrastructure linked to the port. The parcels, located primarily in Kulathoor and Perumkadavila in Neyyattinkara taluk and in Kattakada taluk, are being surveyed and negotiations with landowners are underway ahead of formal acquisition under a land purchase model supported by around INR 1,000 crore allocated in the state budget. Kinfra's land identification is part of a broader push to establish port-led industrial clusters, logistics parks and manufacturing units within a 20 km radius of the seaport, aimed at strengthening the hinterland ecosystem and attracting investment. The state government has also appointed consultants to prepare a comprehensive roadmap for industrialisation around the port.Read more

Mumbai News Desk

12 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) stopped construction of a transit camp in Worli after discovering it was being built on land reserved for a sewage treatment plant. Officials highlighted that critical sewer lines pass through the site, and construction had begun affecting sewage flow, raising risks of flooding during monsoon. A Slum Rehabilitation Authority (SRA) executive engineer is facing a criminal complaint for allegedly granting illegal approvals. The SRA has revoked permissions, and the developers must dismantle the transit structures, underscoring the importance of safeguarding Mumbai's ageing sewer infrastructure and reserved public land.Read more

11 Feb 2026

Ceigall India has won a 220 MW solar project integrated with battery energy storage from Rewa Ultra Mega Solar Limited, valued at around INR 1,700 crore. Awarded through competitive bidding, the project will be developed at the Morena Solar Park in Madhya Pradesh at a tariff of INR 2.70 per kWh. With a construction timeline of 24 months and an operational life of 25 years, the project is expected to strengthen grid stability and contribute to the state's renewable energy capacity.Read more

11 Feb 2026

Jammu and Kashmir is preparing for a significant expansion in hydro power generation, with total installed capacity expected to reach 7,314.85 MW by 2030-31. The government plans to add over 3,700 MW through projects under construction and at the proposal stage. While most existing projects are operating across Union Territory, central and private sectors, delays in some private developments have raised concerns over viability. The government has also reiterated that all villages are electrified, though some remote habitations and households still await power connections.Read more

11 Feb 2026

InfraKraft has signed an MOU with the Andhra Pradesh government to invest INR 50 crore in an integrated architectural manufacturing facility at Kuppam. Planned on a 3 lakh sq ft site, the facility will use Industry 4.0 technologies such as digital twins, advanced CNC machining, and additive manufacturing. The unit is expected to generate annual output of INR 200-250 crore and create around 1,400 jobs. It will function as a central hub connected digitally to designers in India and overseas.Read more

11 Feb 2026

Apogee Aerospace has placed an order worth INR 3,500 crore for 15 Albatross 2.0 amphibian aircraft from Australia's Amphibian Aerospace Industries. The deal includes a planned INR 500 crore investment by Apogee to set up manufacturing, maintenance, training and systems integration facilities in India. The aircraft can operate from land and water and seat up to 28 passengers. Apogee has also been named AAI's exclusive partner for defence and government programmes across the Indian subcontinent, with deliveries expected within 18 to 24 months.Read more

10 Feb 2026

ACME Solar has won a 301 MW firm and dispatchable renewable energy project from SECI under the FDRE-VII tender. The project integrates solar, wind and battery storage to ensure reliable power supply during non-solar hours, with defined monthly and annual availability requirements. Awarded through an e-reverse auction earlier this week, the project is awaiting a formal Letter of Award. Following this win, ACME Solar's total contracted capacity has reached 8,071 MW across multiple renewable and round-the-clock power segments. ICRA has also assigned an AA-/Stable rating to its Sikar unit's INR 1,209 crore debt.Read more

10 Feb 2026

Serentica Renewables has secured a 600 MW project under India's FDRE VII assured peak tender, marking the largest single-location BESS installation in the company's history. The project will deliver 2,400 MWh of daily peak power through a combined solar and battery system, ensuring energy supply during non-solar hours to meet evening peak demand. With strict monthly and annual demand fulfilment ratios, the initiative strengthens grid reliability and supports India's renewable energy transition. Established in 2022, Serentica focuses on providing dispatchable clean energy to decarbonise critical sectors.Read more

10 Feb 2026

Mahindra Group has announced a plan to invest INR 15,000 crore in Maharashtra over the next ten years, including a large integrated automobile and tractor manufacturing facility in Nagpur. The plant is expected to start production in 2028 and will be Mahindra's largest manufacturing unit in the country, with capacity exceeding 5 lakh vehicles and 1 lakh tractors annually. The group will also acquire land in the Igatpuri-Nashik region to expand product, engine and advanced technology operations, strengthening its long-standing manufacturing presence in the state.Read more