13 Mar 2026

Logistics and sustainable infrastructure firm Cargo Matters plans to invest INR 100 crore to establish an electric vehicle manufacturing and charging hub in Andhra Pradesh following a memorandum of understanding signed with the state government. The facility is proposed in Madanapalle and will function as an integrated green freight hub supporting heavy commercial vehicle electrification. The development will include a manufacturing unit for EV chargers, a retrofit facility for converting heavy vehicles to electric powertrains and a research and development centre focused on validation and certification. Of the total planned investment, around INR 50 crore has been earmarked for charging infrastructure designed to support regional heavy-duty electric freight corridors. The company has submitted a detailed project report to the Andhra Pradesh Industrial Infrastructure Corporation seeking allocation of 18 acres of industrial land for the project.Read more

12 Mar 2026

Solex Energy has received approval under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM) framework for its 3.78-gigawatt solar module manufacturing facility in Surat, Gujarat. The listing confirms that the company's solar modules meet the government's quality and reliability standards for use in domestic solar projects. The ALMM mechanism is aimed at strengthening India's solar manufacturing ecosystem and ensuring energy security. Solex Energy said the approval supports its clean energy ambitions as it plans to significantly expand its solar module manufacturing capacity to 15 GW with an estimated investment of about INR 8,000 crore.Read more

12 Mar 2026

Torrent Power has raised INR 2,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The company issued 2,00,000 debentures with a face value of INR 1 lakh each. These debentures are secured, rated, listed, taxable, non-cumulative, redeemable, and non-convertible, carrying a coupon rate of 7.97 per cent per annum. Fundraising through NCDs is commonly used by companies to strengthen liquidity and support expansion plans. Torrent Power has previously used similar debt instruments to finance its power generation, transmission, and distribution projects.Read more

11 Mar 2026

The Haryana government has initiated plans to develop waste-to-energy (WTE) facilities in several major cities as part of efforts to improve municipal solid waste management and reduce reliance on landfill dumping. The Urban Local Bodies (ULB) department has constituted a committee to prepare a model request for proposal (RFP) and assess project feasibility in cities including Gurugram, Faridabad and Hisar. The panel has been tasked with identifying potential project sites, estimating waste generation and preparing frameworks for public-private partnership (PPP) implementation. The initiative is aligned with broader waste management efforts under the Swachh Bharat Mission (Urban). However, environmental groups and waste management experts have raised concerns over the environmental impact of incineration-based plants and have argued that the Solid Waste Management Rules, 2016 prioritise waste segregation, recycling and composting before considering energy recovery technologies.Read more

11 Mar 2026

The Karnataka government is in discussions with multiple companies to establish new industrial projects in the northern districts of Vijayapura and Bagalkote as part of efforts to reduce regional imbalances in development. State Industries Minister M B Patil informed the Legislative Council that the state's 2025-30 industrial policy continues the 'Beyond Bengaluru' strategy aimed at promoting investment outside the capital. The government is currently in talks with around nine to ten companies for potential projects in the region. Among the developments, a Reliance Industries facility at Kembhavi is scheduled to begin construction soon and is expected to generate about 1,600 jobs. Other proposed investments include an agricultural processing unit by Viterra and a wind turbine rotor-blade manufacturing facility by Suzlon Energy, reflecting efforts to diversify the industrial base in north Karnataka.Read more

11 Mar 2026

NTPC Green Energy has announced the commissioning of a 250 MW solar photovoltaic project in Andhra Pradesh through Ayana Kadapa Renewable Power, a wholly owned subsidiary of ONGC NTPC Green. The company confirmed that the second phase of 91.6 MW became commercially operational in the past week, completing the entire project capacity. The first phase of 158.4 MW had already begun operations shortly before. The development forms part of NTPC's broader renewable energy expansion strategy as India increases its focus on solar power capacity and cleaner energy sources to meet its growing electricity demand.Read more

11 Mar 2026

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth about INR 1,401.84 crore from Maharashtra Industrial Township Limited for infrastructure development at the Dighi Port Industrial Area in Raigad district, Maharashtra. The project is part of the Delhi-Mumbai Industrial Corridor initiative and covers the creation of core industrial infrastructure such as roads, water supply networks, drainage systems, sewerage facilities, power distribution and ICT utilities. The construction period is 930 days, after which the company will operate and maintain the developed infrastructure for four years, with a possible extension period.Read more

10 Mar 2026

Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a licence agreement with East Horizon Pvt Ltd to develop a floating storage and regasification unit (FSRU) at the Haldia Dock Complex with an investment of around INR 260 crore. The agreement, executed on March 6, is aimed at strengthening liquefied natural gas (LNG) infrastructure in eastern India and supporting the region's transition towards cleaner energy sources. The proposed facility will enable the import, storage and regasification of LNG before supplying it into onshore pipelines for distribution. Port officials said the project is expected to enhance LNG handling capabilities at Haldia while contributing to the national objective of increasing the share of natural gas in India's energy mix. The development forms part of wider efforts to expand gas infrastructure and support industrial energy demand in eastern India.Read more

10 Mar 2026

Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more

09 Mar 2026

Apraava Energy has launched operations of a 400-kV transmission line and pooling substation in Rajasthan, aiming to strengthen the state's renewable energy evacuation capacity. The 22-km Fatehgarh IV line connects to the Fatehgarh-III substation, offering 2.5 GW capacity via five 500 MVA transformers. The project is part of Phase-III Part A1 of Rajasthan's renewable energy transmission plan and is designed to improve power dispatch from Jaisalmer Barmer zones. Apraava now manages 516 km of transmission assets across five states with a combined 3.5 GW substation capacity.Read more

Noida News Desk

06 Mar 2026

Delhi-NCR based Gaurs Group has unveiled a strategic investment of INR 100 crore to establish a precast concrete manufacturing facility in Noida, Uttar Pradesh, aimed at enhancing construction capabilities and accelerating project delivery timelines. The company has signed a memorandum of understanding (MoU) with Elematic India, the Indian arm of Finland-based precast technology provider Elematic Group, in an event attended by senior dignitaries including Finland's prime minister. Spread over a roughly five-acre site, the plant will produce advanced precast concrete components such as slabs, columns, beams and walls, and is expected to be operational within about six months. Gaurs Group has also placed advance orders for modular bathrooms and kitchen pods worth around INR 150 crore to supply ongoing developments. The move represents a backward integration drive to improve quality, efficiency and construction productivity across the group's residential pipeline.Read more

05 Mar 2026

Japan and the United States are exploring the inclusion of a nuclear power project in the second phase of Japan's 550 billion USD investment package. The project is expected to involve Westinghouse and aims to strengthen energy supply chains amid ongoing Middle East tensions. Talks may be formalized when Japanese Prime Minister Sanae Takaichi meets U.S. President Donald Trump later this month. Other potential projects include a copper smelting and refining facility. Japanese companies such as Mitsubishi Heavy Industries, Toshiba, and IHI could participate, while U.S. and Japanese officials continue consultations.Read more

05 Mar 2026

MRF Ltd has signed a non-binding memorandum of understanding (MoU) with the Tamil Nadu government to invest approximately INR 5,300 crore over 12 years to establish a greenfield tyre manufacturing facility in the SIPCOT Industrial Park at Sivaganga district. The proposed plant is expected to generate direct employment for around 1,000 people. The project remains subject to approvals, including a customised incentive package, land allocation and statutory clearances from the state government. The investment reinforces Tamil Nadu's manufacturing ecosystem and expands MRF's production footprint, which currently includes about 10 facilities across India producing passenger car radial, truck and bus radial, off-the-road and two-wheeler tyres.Read more

05 Mar 2026

Baltic focused property investor EfTEN Real Estate Fund AS finalised the sale of its Latvian logistics subsidiary, EfTEN Krustpils SIA, earlier this week, receiving EUR 5.6 million in net proceeds. The business held the DSV logistics building in Riga and was sold to Latvian buyer ROLANDS S, SIA after a deal was agreed in early February and conditions were met. The transaction price was approximately EUR 500,000 above the asset's book value, and the proceeds are earmarked for future investments. This follows recent portfolio adjustments by the fund in the Baltic commercial property market.Read more

Mumbai News Desk

05 Mar 2026

Bandra residents in Mumbai have opposed the Maharashtra Maritime Board's (MMB) plan to introduce commercial activities along the Carter Road promenade, arguing it could compromise its public nature. Represented by IMPACT Citizens Movement for Environment and Civic Action, locals met officials to reject private partnership models for revenue generation, noting that municipal taxes should cover maintenance. They highlighted visual pollution, unequal treatment of suburbs versus South Mumbai, and the promenade's protected status. Earlier attempts to install 35 LED hoardings were halted after public objection, reflecting citizen vigilance over waterfront commercialisation.Read more

05 Mar 2026

The Maharashtra Industrial Development Corporation (MIDC) has advanced plans to acquire around 3,000 hectares of land across 14 villages in Chamorshi tehsil, Gadchiroli district to facilitate a proposed INR 1-lakh-crore steel plant by JSW Group, officials said in recent filings. The acquisition will be conducted under a pass-through model, with MIDC purchasing land from local owners and transferring it to the company, which will reimburse the costs. The site has already been earmarked for industrial use, and MIDC has submitted a formal proposal to the local sub-divisional officer ahead of issuing an acquisition notification. The proposed 25 million tonne per annum integrated steel facility first announced by JSW's managing director at a state industrial event last year is expected to significantly boost the industrial profile of Gadchiroli, attracting ancillary investments and supporting regional economic growth. Other steelmakers are also showing interest in the district, signalling broader industrial momentum.Read more

04 Mar 2026

Godawari Power and Ispat has increased its sponge iron capacity at its Raipur plant to 6.5 lakh tonnes from 5.94 lakh tonnes, with the expansion becoming operational from February 28 after regulatory approval. The plant also has a hard bright wire capacity of 1.15 lakh tonnes. Sponge iron serves as a crucial raw material for steel production in Electric Arc Furnaces and Induction Furnaces, while HB wire is used in nails, fasteners, and construction applications. The company has not shared any financial details regarding the expansion.Read more

04 Mar 2026

The National Green Tribunal has upheld an environmental damage compensation of INR 122.05 crore imposed on 337 ceramic manufacturing units operating in the Morbi Wankaner industrial cluster in Gujarat for the illegal use of coal gasifiers. The penalty, levied by the Gujarat Pollution Control Board (GPCB), relates to prolonged non-compliance with directions requiring ceramic units to shift from coal gasifiers to cleaner fuel alternatives such as piped natural gas. In the past week, the NGT dismissed appeals filed by the units challenging the levy on procedural grounds, including the absence of individual show-cause notices and hearings. The tribunal held that the regulator's methodology for calculating and apportioning the compensation was legally sound. The ruling reinforces the applicability of environmental compliance norms in industrial clusters with high pollution intensity.Read more

03 Mar 2026

Arkel India has invested INR 100 crore in establishing a new advanced manufacturing facility for lift electronic and control systems in Savli-Manjusar, Vadodara district of Gujarat, aimed at bolstering domestic production and reducing reliance on imports. The single-shift plant covers about 1,35,000 sq ft and, once operational, will have an annual production capacity of around 36,000 units, including automated PCB assembly and integrated lift control systems suited to machine-room (MR), machine-room-less (MRL) and slim panel applications. The facility aligns product standards with Indian regulatory norms and positions India as a potential export base for select Asia-Pacific markets. The move follows the January 2025 acquisition of Turkey-based Arkel by Sweden-headquartered Innovalift AB and is expected to generate direct and indirect jobs, including apprenticeships with technical institutes. The plant caters to the rapidly growing elevator market driven by urbanisation and infrastructure expansion.Read more

03 Mar 2026

Maruti Suzuki India Limited has secured registration under Verra's Verified Carbon Standard (VCS) for its in-plant railway siding at the Gujarat manufacturing facility, making it the world's first modal shift transportation project to receive this recognition. By shifting vehicle dispatches from road to rail, the company expects to generate nearly 1.7 lakh carbon credits over a 10-year crediting period. Operational since early 2023, the siding has already dispatched over six lakh vehicles and supports emission reduction goals under internationally accepted carbon accounting standards.Read more