1 hour ago

ACME Solar Holdings has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid renewable energy project. The agreement increases the company's PPA-backed portfolio to 6,870 MW out of its total contracted capacity of 8,070 MW. The project will use ACME Solar's existing grid connectivity in high solar irradiation and wind resource locations and will supply power at a minimum annual capacity utilisation factor of 30 per cent, further strengthening its renewable energy pipeline.Read more

2 hours ago

UltraTech Cement reported a strong rise in its first-quarter financial performance, supported by higher cement demand, increased sales volumes and operational efficiencies despite elevated fuel costs. The company also announced a larger capacity expansion plan for FY2028, reflecting confidence in long-term demand. While rising petcoke and coal prices continued to put pressure on margins, improved operating performance and its large-scale operations helped offset the impact. Analysts believe pricing remains the key challenge for the cement industry even as demand continues to stay healthy.Read more

22 Jul 2026

IndiGo has selected Honeywell Aerospace's avionics and power systems for 810 Airbus A320neo family aircraft that will join its fleet over the coming years, marking one of the largest equipment agreements for the aerospace company. The partnership strengthens IndiGo's long-term fleet expansion strategy as it continues to grow its domestic and international operations. Honeywell will supply critical onboard systems and provide aftermarket support, building on its decade-long association with the airline and supporting the carrier's expanding fleet.Read more

22 Jul 2026

Bihar Chief Minister Shri Samrat Choudhary has inaugurated the Belwa–Minapur Link Channel under the Bagmati–Burhi Gandak River Link Project in Sheohar district, developed at a cost of INR 130.88 crore. The project aims to improve flood management and expand irrigation in North Bihar. During his visit, the Chief Minister also inaugurated and laid the foundation stone for around 40 development projects worth nearly INR 200 crore across the district. The river-link infrastructure is designed to divert surplus floodwaters from the Bagmati River to the Burhi Gandak basin, reducing flood risks while improving water availability for agriculture. The projects form part of the Bihar government's efforts to strengthen irrigation infrastructure, flood resilience and rural development in flood-prone regions of the state.Read more

22 Jul 2026

India's data centre sector continued its growth momentum in the first half of 2026, with fresh capacity additions rising 59 per cent year-on-year to 258 MW IT, according to Savills India. The expansion increased the country's total operational data centre stock to 1.8 GW IT. The consultancy expects India's data centre capacity to exceed 7 GW IT by 2030, supported by strong demand from hyperscalers and large enterprises. However, the availability of adequate power supply and suitable land continues to remain a major challenge for future data centre development across key markets.Read more

22 Jul 2026

India's core infrastructure sectors recorded a five-month high growth of 5% in June, supported by strong output from cement, electricity and the newly added iron ore sector. The government has revised the Index of Core Industries (ICI) with a new base year of 2022-23 and expanded it to include nine sectors by adding iron ore. While cement and electricity posted robust growth, output of crude oil, natural gas, refinery products and fertilisers declined. Experts said the improvement was driven by a few sectors rather than broad-based growth across the economy.Read more

Mumbai News Desk

22 Jul 2026

The Maharashtra government has approved INR 45 crore for an eco-tourism and bird park project at Bhandup, to be developed along the Thane Creek shoreline within the Ramsar-designated Thane Creek Flamingo Sanctuary. Mumbai Suburban Guardian Minister Ashish Shelar inspected the proposed site and said the project will feature India's first AI-powered bird detection and monitoring system at an eco-tourism destination, alongside a mangrove nature trail, observation towers and a nature interpretation centre. The project has already secured clearances from multiple state and central authorities and is expected to be developed with minimal disturbance to the surrounding ecology.Read more

22 Jul 2026

Patel Engineering Ltd (PEL) has said it is working alongside disaster response agencies and local authorities to support rescue operations following the collapse of an under-construction tunnel at the NHPC Teesta Stage VI Hydroelectric Project in Sikkim's Namchi district. The incident, triggered by a landslide in the past week, claimed 10 lives and trapped 25 people, including project officials and workers, inside the ADIT-3 tunnel at Samardung in Jholungey. The company stated that it has deployed all necessary resources and engineering support to assist rescue teams in stabilising the tunnel and reaching those trapped. Authorities, including the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF), remain engaged in the ongoing rescue operation.Read more

22 Jul 2026

India’s nine core infrastructure sectors recorded a five-month high growth of 5 per cent in June, supported by robust production of cement, electricity and iron ore. The government has also introduced a revised index with 2022-23 as the new base year and added iron ore as the ninth core sector. While output of crude oil, natural gas, refinery products and fertilisers declined, higher production in construction-related sectors helped improve overall growth. The April-June performance also showed a stronger expansion compared to the corresponding period last year.Read more

22 Jul 2026

The Andhra Pradesh government's Greenfield International Airport at Bhogapuram, developed by GMR Visakhapatnam International Airport Limited on a public-private partnership basis, is set to be inaugurated by Prime Minister Narendra Modi on August 1, as confirmed by Chief Minister Chandrababu Naidu. Built over 2,203 acres near Visakhapatnam at an estimated cost of INR 4,592 crore, the airport has already cleared a validation flight and received its aerodrome licence. The project, which has seen its opening date revised several times, is now positioned to reshape connectivity and economic activity across North Andhra.Read more