18 Mar 2026

Solstice Data has committed an investment of INR 52,600 crore to develop a large data centre project in Kerala, marking a major boost to the state's digital infrastructure sector. The project will come up at KINFRA Industrial Park in Kannur across nearly 100 acres and will be executed in multiple phases over the next few years. Focused on artificial intelligence and high-performance computing, the development is expected to create jobs and support Kerala's plans to attract global technology investments and strengthen its position in the data centre ecosystem.Read more

18 Mar 2026

Maharashtra has become power surplus and is prepared to meet the rising electricity demand from industry and data centres. The state's electricity tariffs will remain stable while increasing the share of renewable energy. Industrial power consumption has grown 23% over the last three years, and the state accounts for nearly 60% of India's data centre capacity, with plans for an additional 4,500 MW in the next five years. Maharashtra aims to source over half of its electricity from renewables by 2030 and enhance grid stability through battery and pumped storage projects.Read more

18 Mar 2026

Ecofy, a leading non-banking financial company focused on green finance, has raised INR 380.5 crore in equity to support its expansion in sustainable lending across rooftop solar, electric vehicles, and SME financing. The funding round included new participation from British International Investment (BII) and Finnfund Digital Access Impact Fund I (DAIF), alongside continued backing from existing investor Eversource Capital. With this capital infusion, Ecofy's capital adequacy ratio is expected to rise to around 50 per cent. In three years, the company has served over 1,20,000 customers in India.Read more

18 Mar 2026

The Maharashtra government has announced plans to develop a large IT park near the proposed Purandar international airport in Pune district. The project is expected to generate nearly one lakh jobs and support the expansion of the region's technology sector. The state government is considering around 1,500 acres of government land in villages such as Dive, Chambali and Kodit for the development. Officials said the project will move forward after land transfer formalities and cabinet approval. The proposed IT park is also intended to ease pressure on Pune's existing Hinjewadi IT hub.Read more

18 Mar 2026

Prime Minister Narendra Modi recently launched and laid the foundation stone for infrastructure projects worth about INR 23,550 crore in Silchar, Assam, focusing mainly on road connectivity in the Barak Valley region. The key project includes the foundation stone for the INR 22,864 crore Shillong Silchar high-speed corridor, aimed at improving regional connectivity and reducing travel time. Another major initiative is the INR 565 crore elevated corridor on National Highway-306 within Silchar city. The projects are expected to reduce congestion, strengthen transport links with neighbouring northeastern states, and support trade and economic activity in southern Assam.Read more

18 Mar 2026

Sunsure Energy has raised INR 606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank to support multiple solar projects across Maharashtra and Uttar Pradesh. The funds will back over 242 MWp of solar capacity, producing around 300 million units of clean electricity annually and reducing nearly 230,000 tonnes of CO emissions each year. The projects will supply renewable energy to commercial and industrial consumers through long-term Power Purchase Agreements. The financing also marks the start of Sunsure Energy's project funding relationship with RBL Bank while strengthening its ongoing partnership with Aseem Infrastructure Finance.Read more

18 Mar 2026

Bajel Projects has secured an INR 700 crore contract from MSETCL to establish a 400/220 kV air-insulated switchgear substation at Saswad, Pune, along with connecting transmission lines. As part of the Bajaj Group, the company has long been active in power infrastructure, handling high-voltage transmission projects across India. This project aligns with Maharashtra's efforts to modernize its power grid and enhance electricity supply in both urban and rural areas. Analysts view such government-backed orders as crucial for EPC firms to expand their portfolios and demonstrate technical expertise.Read more

17 Mar 2026

Clean energy company ReNew Green Energy Solutions has raised USD 95 million (around INR 878 crore) in equity from a consortium led by LeapFrog Investments. The funds will support the expansion of its commercial and industrial (C&I) renewable energy platform. LeapFrog has committed USD 50 million directly, with the rest coming from co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest. ReNew's portfolio includes 2.5 GW capacity, over 2 GW of which is commissioned, with 1.3 GW under long-term agreements with global companies like Microsoft, Amazon, and Google.Read more

17 Mar 2026

Hettich India has inaugurated a new automated manufacturing facility in Indore, strengthening its production capabilities in the country and supporting its long-term plan to position India as a global manufacturing hub. The plant will manufacture advanced undermount drawer runners used in premium furniture and modular kitchens. The facility forms part of the company's overall investment of about INR 2,000 crore in India and is expected to create around 300 additional jobs. With automation, sustainability measures, and advanced German-engineered machinery, the new unit also aims to meet growing domestic demand while supporting exports to multiple international markets.Read more

17 Mar 2026

The National Real Estate Development Council (NAREDCO) has joined hands with realty platform Magicbricks to enhance research, market intelligence, and policy discussions within the Indian real estate sector. The one-year partnership will position Magicbricks as NAREDCO's knowledge and official broadcast partner, providing research reports, monthly co-branded newsletters, and insights through MBTV. With the real estate industry moving towards greater transparency and structured frameworks, the collaboration aims to support developers, investors, and consumers by delivering accurate, timely data and digital reach, helping them make informed decisions in a complex market.Read more