2 hours ago

Wildberries is moving ahead with the construction of 260,000 square metres of warehouse space in Kazakhstan as part of its long-term regional expansion strategy. Kazakhstan's trade minister said the new logistics facilities are expected to become operational in the first quarter of 2027. The expansion comes at a time when several of the company's warehouses in Russia have been affected by repeated Ukrainian drone attacks, disrupting its logistics network. The new facilities are expected to strengthen Wildberries' distribution capacity in Central Asia while supporting its growing cross-border e-commerce operations.Read more

2 hours ago

India’s expanding data centre sector is expected to emerge as a major driver of residential real estate demand over the next few years, according to a Square Yards report. With more than 250 data centres proposed by 2030, the sector could generate nearly 4.33 lakh direct and indirect jobs across key cities, leading to an estimated demand for 195 million square feet of housing. The report also highlighted that investments in supporting infrastructure such as power, fibre connectivity and logistics are expected to strengthen both residential and commercial real estate development around these emerging digital hubs.Read more

12 hours ago

The Prayagraj Municipal Corporation (PMC) has issued property tax notices totalling around INR 26 crore to 10 sewage treatment plants (STPs) operated by Uttar Pradesh Jal Nigam within its jurisdiction. The civic body has assessed the facilities under existing municipal taxation rules, while Jal Nigam is reviewing the notices and is expected to seek guidance from the state government. The development has drawn attention to the taxation of government-owned public utility infrastructure and its potential implications for municipal revenue administration.Read more

04 Aug 2026

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received 449 online applications for 240 industrial plots under the 12th phase of its Direct Allotment Scheme. The plots span around 145 acres and are estimated to be worth around INR 195 crore. The application window ran from 15 to 28 July, with a lottery scheduled to allot plots that drew multiple applications. Locations receiving applications span several districts, including Jodhpur, Ajmer, Alwar, Balotra, Jaipur, Bhilwara and Kishangarh.Read more

04 Aug 2026

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a dedicated INR 5,070 crore scheme to accelerate floating solar power development across India. The initiative aims to add 5,000 MW of floating solar capacity along with 10,000 MWh of energy storage systems by FY 2030-31. The scheme will provide financial assistance for project development and feasibility studies while encouraging domestic manufacturing, reducing dependence on land for renewable energy projects, strengthening grid reliability, and supporting India's clean energy and climate goals.Read more

04 Aug 2026

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with a total outlay of INR 5,070 crore to develop 5,000 MW of floating solar photovoltaic projects integrated with energy storage systems. The scheme aims to utilise reservoirs and inland water bodies for clean energy generation while reducing dependence on land-based solar projects. It will provide financial assistance for project development and feasibility studies, strengthen grid reliability, support domestic manufacturing, generate employment, and contribute to India's renewable energy and climate goals over the coming years.Read more

04 Aug 2026

Andhra Pradesh has taken another step towards expanding its renewable energy sector with Tata Power and Suzlon beginning work on projects worth INR 5,750 crore in Kurnool and Anantapur districts. The developments include 400 MW solar and 400 MW wind power projects that are expected to create around 4,000 construction jobs and provide lease income to over 1,100 farming families. The state government said the projects reflect renewed investor confidence and support its long-term plan to build a large clean energy ecosystem with a target of developing 160 GW of clean energy capacity.Read more

03 Aug 2026

The Union Cabinet has approved a revised policy for awarding waterfront and associated land to port-dependent industries at major ports, replacing key provisions of the 2016 framework. The policy allows concession renewals of up to 30 years for eligible existing operators, creates a structured process for capacity expansion, and introduces a framework for government organisations to receive waterfront land without competitive bidding under specified conditions. It also includes provisions to address regulatory changes and unforeseen events, with the government expecting the reforms to improve cargo handling, strengthen supply chains and encourage fresh investment in port-led industrial development.Read more

03 Aug 2026

The Himachal Pradesh government has submitted proposals worth INR 234 crore to the Department for Promotion of Industry and Internal Trade (DPIIT) for the development of two plug-and-play industrial parks under the Central government's Bharat Audyogik Vikas Yojna (BHAVYA). The proposed projects include a 150-acre industrial park in Solan district and a 75-acre park in Una district, with a combined estimated investment of INR 234 crore. If approved, the projects will be implemented jointly by the state government and the National Industrial Corridor Development Corporation (NICDC). The initiative aims to strengthen industrial infrastructure, improve ease of doing business, attract investments and support employment generation across the state.Read more

03 Aug 2026

The Andhra Pradesh government has approved an advance tariff subsidy of INR 1,381 crore for the state's three power distribution companies (DISCOMs) for the financial year 2026-27. The allocation includes separate grants for Andhra Pradesh Eastern, Southern and Central power distribution companies to support tariff subsidy payments. Following this approval, the Energy Department has retained a balance budget of INR 1,364 crore from the total allocation of INR 2,744.4 crore. The move is aimed at ensuring timely financial support to the utilities for maintaining power supply and meeting subsidy commitments.Read more

03 Aug 2026

Juniper Green Energy has raised INR 539.4 crore from 31 anchor investors ahead of the launch of its INR 1,800 crore initial public offering (IPO), which is scheduled to open for public subscription on Thursday. The anchor book saw strong participation from domestic mutual funds, insurance companies, sovereign wealth funds and foreign investors, with domestic mutual funds accounting for nearly 75% of the allocation. The company plans to use the IPO proceeds mainly for debt repayment, funding its subsidiaries and meeting general corporate requirements as it continues to expand its renewable energy portfolio across India.Read more

03 Aug 2026

Kamdhenu reported a 34 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by higher revenue and improved sales volumes. The company's revenue from operations and steel sales both registered steady growth during the quarter, driven by better performance across its product portfolio. Manufacturing volumes from both owned facilities and franchisee operations also increased compared to the corresponding period last year. The company remains optimistic about demand, citing the government's continued infrastructure and manufacturing push as a key growth driver for the steel sector.Read more

03 Aug 2026

Andhra Pradesh Information Technology Minister Nara Lokesh laid the foundation stone for Tata Power and Suzlon's renewable energy projects at Pattikonda in Kurnool district. With a combined investment of INR 5,750 crore, the projects will develop 800 MW of solar and wind power capacity. The investment is expected to strengthen the state's renewable energy infrastructure, support rising industrial power demand, and reinforce Andhra Pradesh's efforts to expand clean energy generation. The projects also align with the state's broader focus on attracting large-scale investments in the renewable energy sector.Read more

02 Aug 2026

Tata Power Renewable Energy Ltd has commenced construction of its 800 MW renewable energy project in Andhra Pradesh with an investment of INR 5,750 crore. The project combines 400 MW of solar and 400 MW of wind capacity and is being developed under the state's Integrated Clean Energy Policy. Spread across 3,462 acres, the project is expected to create around 4,000 direct and indirect jobs while strengthening India's renewable energy infrastructure through Inter-State Transmission System connectivity and supporting the country's clean energy capacity expansion.Read more

02 Aug 2026

State-owned NLC India Ltd has announced that its renewable energy subsidiary, NLC India Renewables Ltd (NIRL), has secured a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 900 MW solar power project in Gujarat. The project was awarded through a tariff-based competitive bidding process, with GUVNL set to procure the electricity generated from the facility. Established in 2023, NIRL is responsible for managing NLC India's renewable energy assets and expanding its green energy portfolio through the development of solar and other non-conventional power projects in India and overseas.Read more

02 Aug 2026

Renacon, the flagship building materials brand of the Renaatus Group, has launched its RENAFLEX Fibre Cement Boards (FCB) and commissioned an integrated manufacturing facility at Naidupeta, Andhra Pradesh, with an investment of INR 350 crore. Built within 12 months, the plant manufactures autoclaved aerated concrete (AAC) blocks, Rapid Wall panels and fibre cement boards using Laminar Flow Technology. The facility has an annual fibre cement board production capacity of 60,000 metric tonnes and is positioned as Asia's largest integrated AAC and fibre cement board manufacturing unit. The company expects the new product range to support India's growing demand for sustainable, prefabricated and fire-rated building materials across residential, commercial and industrial projects.Read more

02 Aug 2026

HeidelbergCement India reported a 36.65% year-on-year decline in its net profit for the first quarter of FY27 as rising raw material, power and fuel costs impacted its earnings despite higher sales volumes and improved pricing. The company posted growth in revenue and total income during the quarter, supported by stronger demand and better realisations. However, increased operating expenses, including freight costs linked to geopolitical developments in West Asia, put pressure on margins. The company also reported a decline in EBITDA per tonne compared to the corresponding period last year.Read more

02 Aug 2026

India's industrial production expanded by 7.3% year-on-year in June 2026, registering its strongest growth in 23 months, according to the latest government data. The increase was led by manufacturing, which grew 7.8%, while electricity and gas supply recorded the highest sectoral growth at 10.6%. Water supply, sewerage and waste management rose 6.1%, and mining and quarrying increased 1%. The broad-based expansion reflects improving industrial activity, supported by domestic demand and infrastructure development. Industry stakeholders said sustained access to capital, particularly for micro, small and medium enterprises (MSMEs), would be essential to maintaining production growth and supporting investment, employment and long-term economic expansion.Read more

01 Aug 2026

Waaree Energies reported a 15.39 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by a sharp rise in revenue and higher production. The company also recorded strong order inflows during the quarter, taking its total order book to a record INR 61,500 crore. Along with continued growth in its core solar manufacturing business, Waaree said its newer business segments have started contributing to revenue, strengthening its growth outlook across domestic and international markets.Read more

01 Aug 2026

The proposed construction and demolition (C&D) waste processing plant in Gurugram has drawn opposition from local residents, who have raised concerns over its location and potential environmental impact. Residents of nearby sectors submitted objections during a public hearing organised by the Haryana State Pollution Control Board (HSPCB), citing issues related to air pollution, groundwater contamination, traffic congestion and public health. The facility is proposed to be developed near residential areas and is intended to process construction and demolition waste generated across Gurugram. While authorities maintain that the project will improve scientific waste management, residents have urged the government to relocate the facility to a less populated area before granting environmental clearance.Read more