7 hours ago

Light House Green Sara Centre Ltd has pledged an investment of INR 10,000 crore to establish a hyperscale data centre in Thoothukudi, Tamil Nadu. The commitment was among 97 memoranda of understanding worth INR 67,542 crore signed at the state's first Vettri Tamil Nadu Investors Conclave 2026 in Chennai. The event, held in the presence of Chief Minister Chandrasekaran Joseph Vijay, is expected to generate more than one lakh jobs across automotive, renewable energy, life sciences, electronics, research and development, and data centre sectors.Read more

10 hours ago

Saatvik Solar Industries has signed an initial agreement with the Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) to establish a 3.6 GW solar cell manufacturing facility at Gopalpur, Odisha. The proposed plant will form part of the company’s broader manufacturing development in the state and is expected to generate employment while supporting the surrounding industrial ecosystem. Saatvik is already advancing its Phase I integrated manufacturing facility at Gopalpur, where construction and equipment installation have reached key milestones. The company said the dedicated 220 kV substation is ready for charging, while manufacturing lines are undergoing installation, testing and validation. Its cell manufacturing line is expected to begin ramp-up shortly, with an ALMM-II inspection planned for September. The phased development is intended to build an integrated solar manufacturing base focused on scale, quality and supply-chain resilience.Read more

14 hours ago

Cochin Shipyard reported a 19.36% year-on-year decline in consolidated net profit for the June quarter, with profit falling to INR 151.45 crore from INR 187.82 crore in the corresponding quarter last year. The decline came even as total income increased to INR 1,161.25 crore. Higher expenses also affected profitability. Segment-wise, shipbuilding revenue increased sharply, while ship-repair revenue declined, resulting in a mixed quarterly performance. The state-owned company continues to operate across shipbuilding and ship-repair activities, with facilities in Kochi and other parts of the country.Read more

17 hours ago

Kerala is set to begin full export-import operations at Vizhinjam International Seaport, moving the facility beyond its existing transshipment role. The launch will take place alongside Mission Samudra, a state-backed port-led industrial and logistics development programme supported by a INR 400 crore catalytic fund. The mission will cover eight industrial clusters, three new cities and the state’s 600-kilometre coastline. Direct cargo movement through Vizhinjam is expected to reduce transit time and logistics costs while supporting exports, warehousing, cold storage, logistics parks and employment across Thiruvananthapuram and neighbouring districts.Read more

21 hours ago

Prime Minister Shri Narendra Modi said India has begun semiconductor production at three plants, with another five to eight facilities expected to be established over the next seven to eight years. Speaking from the Red Fort on the 80th Independence Day, Modi highlighted semiconductor manufacturing as an important component of India’s push for greater technological self-reliance. Semiconductor chips are critical to sectors including electronics, healthcare, transport and other modern technologies. The prime minister said India had discussed developing domestic semiconductor manufacturing capacity for years but lacked large-scale production facilities. He said the government had since taken steps towards building self-reliance in the sector, with semiconductor exports already beginning. The planned expansion is expected to strengthen India’s broader objectives of Aatmanirbhar Bharat and Viksit Bharat.Read more

22 hours ago

Prime Minister Narendra Modi said India’s solar power capacity has increased from 2 GW in 2014 to 160 GW, while the country is targeting 500 GW of renewable energy capacity by 2030. In his Independence Day address, he highlighted measures aimed at strengthening energy security as electricity demand rises across sectors including semiconductors, artificial intelligence and data centres. Modi said 50 lakh households have been covered under the PM Surya Ghar Muft Bijli Yojana, with eligible beneficiaries receiving subsidies of up to INR 80,000 for rooftop solar installations. He also outlined developments in railway electrification, hydrogen trains and nuclear energy, including a target of 100 GW of nuclear power by 2047. The government has additionally allocated INR 85,000 crore for oil and gas exploration in offshore no-go areas.Read more

18 Aug 2026

Shiprocket Ltd’s INR 1,617.5-crore initial public offering (IPO) received an overwhelming response from investors, with the issue subscribed 99.38 times by the close of bidding. The company received bids for more than 938.51 crore shares against 9.44 crore shares on offer, according to NSE data. Qualified institutional buyers led the demand with a 122.80-times subscription, while non-institutional investors and retail investors subscribed 88.99 times and 46.42 times, respectively. The company had raised INR 727.41 crore from anchor investors before the public issue opened.Read more

18 Aug 2026

Maharashtra Chief Minister Devendra Fadnavis has acknowledged serious infrastructure problems in Pune district’s Chakan industrial belt and said the state government is working on a coordinated mechanism to address them. The issue has gained attention after 20 small-scale companies said they plan to shift operations to the Khandala industrial belt in Satara district, citing traffic congestion and poor infrastructure. NCP (SP) chief Sharad Pawar has also raised concerns over roads, pollution, water supply, electricity and traffic in Chakan. Fadnavis said the Pune district collector would coordinate with agencies involved in the area to resolve the issues.Read more

18 Aug 2026

Cloudangles, a California-headquartered deep-tech and enterprise technology company, has opened a Global Engineering Centre (GEC) in Hyderabad as part of its plans to expand its engineering and technology capabilities. The centre, which became operational earlier this week, is expected to scale to 1,000 engineers over the next two years. Its operations will cover application development, engineering, data and analytics, artificial intelligence, automation, digital productivity, innovation and corporate systems. The facility will also focus on product engineering, advanced analytics, cloud and emerging technologies as Cloudangles expands its global engineering operations.Read more

18 Aug 2026

The Centre plans to establish four dedicated critical minerals processing parks in Gujarat, Maharashtra, Andhra Pradesh and Odisha as part of its efforts to build domestic processing capacity for minerals needed by the battery and clean energy industries. The proposed parks will develop element-specific ecosystems, with lithium and nickel being prioritised initially. Each facility is expected to bring processing and downstream industries together in one location. State governments will lead the planning and implementation, while the Centre will provide technical support. The initiative forms part of the broader National Critical Mineral Mission, which has an outlay of INR 34,300 crore over seven years.Read more

18 Aug 2026

The Ministry of Heavy Industries has received 20 bids from companies seeking to establish integrated sintered neodymium-iron-boron (NdFeB) rare earth permanent magnet manufacturing facilities in India. Larsen & Toubro and Coal India are among the bidders under the government’s INR 7,280-crore scheme, which aims to create 6,000 metric tonnes per annum of domestic manufacturing capacity. The initiative is intended to build an indigenous rare earth magnet supply chain, reduce import dependence and strengthen India’s position in a sector critical to electric vehicles, renewable energy, electronics, aerospace and defence applications.Read more

17 Aug 2026

Essar group IT company Black Box Ltd has secured a USD 131 million (about INR 1,240 crore) order from a new US-based global Tier-1 hyperscaler for a major data centre project in the United States. The company disclosed the order in a regulatory filing on Wednesday, but did not identify the client. Under the engagement, Black Box will undertake project-related work at a key location in the US over an approximately three-year period. The company also indicated that the engagement is expected to expand further over time. The order adds to Black Box’s business with hyperscale data centre operators and forms part of its efforts to increase its presence in this segment. Chief executive Sanjeev Verma described the contract as an important step in the company’s hyperscaler growth journey.Read more

17 Aug 2026

Enviro Infra Engineers Ltd reported a 6.47 per cent increase in consolidated profit after tax to INR 45.2 crore for the quarter ended June 30, 2026, compared with INR 42.5 crore in the corresponding period last year. Revenue from operations also increased sharply to INR 359.2 crore from INR 240.9 crore. The company said execution remained steady in its core water infrastructure business during the quarter, while it continued to expand its renewable energy platform covering solar, wind and Battery Energy Storage Systems. Its diversified order book remains focused on water infrastructure, renewable energy and battery storage.Read more

17 Aug 2026

Blackstone-backed Horizon Industrial Parks plans to double its warehousing portfolio to about 100 million sq ft over the next three to four years as it expands its presence in India’s industrial and logistics real estate market. The company is also preparing for a INR 2,600-crore initial public offering, with its IPO scheduled to open on August 17, 2026. The expansion strategy includes development of new industrial and logistics parks, acquisitions and continued investment across key Indian markets, as demand for organised Grade A warehousing grows.Read more

17 Aug 2026

Grasim Industries reported a 49% year-on-year increase in adjusted profit after tax to INR 2,153 crore for the quarter ended June 30, 2026, supported by stronger performance across its diversified businesses. Consolidated revenue rose 21% to INR 48,716 crore, while EBITDA increased 26% to INR 8,077 crore. Building Materials remained a key contributor, with revenue rising 21% to INR 28,835 crore. Birla Opus recorded 64% year-on-year revenue growth to INR 1,661 crore, while the cement business benefited from higher volumes.Read more

17 Aug 2026

Around 20 small-scale companies operating in the Chakan MIDC area near Pune have decided to shift their plants to Khandala MIDC in Maharashtra, citing prolonged traffic congestion, poor road conditions and inadequate infrastructure. Business owners said traffic jams lasting four to five hours are affecting employee attendance, production and finances despite repeated representations to authorities. The decision comes as the state government has again promised infrastructure improvements in Chakan. Officials have now directed departments to undertake road repairs, improve parking, remove encroachments and complete pending highway work, while longer-term road projects are also being planned.Read more

16 Aug 2026

JSW Energy’s subsidiary JSW Neo Energy has signed a shareholders’ agreement with Bhutan’s Druk Green Power Corporation to jointly develop the 920 MW Punatsangchhu-III Hydroelectric Project in Wangdue Phodrang District. The project will be developed through a joint venture in which DGPC will hold a 51% stake and JSW Neo will own 49%. The agreement marks JSW Energy’s first power generation venture outside India, with both partners currently preparing the detailed project report. The project will leverage Bhutan’s significant hydropower potential and DGPC’s experience in developing and operating large hydroelectric assets. JSW Energy has a locked-in generation capacity of 32.4 GW, including 14.9 GW operational and 13.5 GW under construction, along with a 4 GW pipeline. The company is targeting 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030.Read more

16 Aug 2026

Gujarat Inject Kerala Ltd (GIKL), which is in the process of rebranding as Regenova Renewtech Ltd, is strengthening its focus on renewable energy, solar power and energy distribution as India’s clean energy market expands. The company’s Q1 FY27 performance, along with recent solar module purchase orders, has drawn greater investor attention. In June 2026, GIKL disclosed two solar module orders worth a combined INR 15.56 crore, covering more than 17,400 modules. The company reported a more than five-fold rise in revenue from operations during Q1 FY27, while profit after tax also increased substantially. Its shares were trading at around INR 11.57, with market expectations indicating potential upside towards INR 14.30. However, such projections remain subject to execution and market conditions.Read more

16 Aug 2026

Bengaluru-based EV charging infrastructure company Bolt.Earth’s Blaze DC 3kW Dual Gun Charger has received certification from the Automotive Research Association of India (ARAI), validating its compliance with applicable safety and performance standards. The company said the charger is the world’s first universal fast charger for electric two- and three-wheelers to receive the certification. Designed for individual users as well as commercial fleets, the charger can provide up to 40 km of range in 15 minutes. It supports Type 6 and Type 7 connectors and is compatible with several electric two-wheeler manufacturers. The charger is currently deployed across more than 400 PIN codes in 18 states and includes connectivity, remote monitoring, OTA updates and multiple safety features.Read more

15 Aug 2026

Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore IPO for public subscription on August 17, with the price band set at Rs 57-60 per share. The three-day issue will close on August 19, while anchor investor bidding is scheduled for August 14. The IPO will comprise entirely a fresh issue, with no Offer For Sale component, and the proceeds will be used to repay borrowings. At the upper price band, the issue implies a post-IPO market capitalisation of around Rs 17,298 crore. Blackstone currently holds approximately 89% of the company. Horizon Industrial Parks owns and operates around 60 million sq. ft. across 46 industrial and logistics assets in 10 cities. Its shares are proposed to list on BSE and NSE on August 24.Read more