30 May 2026

• Reliance Industries has delivered the first 200 MWp batch of high-efficiency solar modules from its green energy manufacturing complex in Jamnagar, Gujarat.
• The company is developing a 5,000-acre integrated clean energy ecosystem covering solar modules, batteries, green hydrogen and bio-energy infrastructure.
• Reliance plans to scale solar manufacturing capacity to 10 GWp annually, with a long-term target of 20 GWp.
• The company is also advancing battery storage, green hydrogen and compressed biogas infrastructure as part of its clean energy platform.
• Reliance stated that it has committed nearly INR 75,000 crore towards the initiative, which could generate over 200,000 green jobs.Read more

30 May 2026

• Mizoram is planning to develop the 132-MW Tuivai Hydroelectric Project in Saitual district near the Manipur border.
• The project is estimated at INR 2,289.50 crore and is expected to be completed within five years.
• The DPR has been completed and the project is now ready for the tendering process.
• Mizoram currently meets only around 10 per cent of its electricity demand through local generation and spends nearly INR 649.54 crore annually on power purchases.
• The state government is also exploring implementation of the hydropower project through the PPP model.Read more

30 May 2026

• Adani Group has secured Maharashtra government approval for an INR 70,000 crore coal gasification project.
• The project is among the state’s largest industrial investment proposals in the energy and manufacturing sector.
• It will focus on coal gasification and downstream industrial production activities.
• Officials cleared the proposal through the state’s investment facilitation mechanism.
• The project is expected to support industrial expansion, manufacturing capacity and employment generation in Maharashtra.Read more

29 May 2026

A recent inspection by the Commission for Air Quality Management (CAQM) found 24 cases of excessive road dust and improper construction and demolition waste handling across Ghaziabad. The inspection highlighted gaps in mechanised road sweeping, water sprinkling and waste disposal measures being carried out by civic authorities. CAQM has directed local agencies to strengthen dust mitigation efforts and improve monitoring across pollution hotspots. The development comes as Ghaziabad continues to face air quality concerns linked to road dust, construction activity and rapid urban infrastructure growth across the NCR region.Read more

29 May 2026

• Maharashtra has introduced a new electric vehicle policy focused on accelerating EV adoption, charging infrastructure and domestic manufacturing across the state.
• The policy includes purchase subsidies, toll and tax exemptions, EV-ready building norms and highway charging corridors.
• The state also plans to strengthen EV battery recycling, research, skill development and clean mobility infrastructure through coordinated implementation across multiple government departments.Read more

Mumbai News Desk

29 May 2026

The Brihanmumbai Municipal Corporation’s long-delayed Mogra pumping station project in Andheri has moved closer to execution after receiving clearance from the Maharashtra Coastal Zone Management Authority. Planned near Mogra nullah in Andheri East, the project forms part of Mumbai’s flood mitigation infrastructure aimed at reducing waterlogging in low-lying areas during heavy rainfall. The proposal, conceived after the July 2005 floods, had faced delays linked to land acquisition and environmental approvals. Civic officials expect the facility to strengthen stormwater drainage capacity in the western suburbs.Read more

29 May 2026

• L&T GeoStructure secured multiple infrastructure contracts worth INR 1,000 crore to INR 2,500 crore across steel, waterways and marine sectors in India.
• The company received its largest piling contract from JSW Utkal Steel for the upcoming 10 MTPA steel plant at Paradeep in Odisha.
• L&T also won Inland Waterways Authority of India contracts for ship repair and maintenance facilities at Patna and Varanasi on National Waterway-1.
• Mumbai Port Authority awarded the company a contract to develop India’s first yacht marina at Mumbai Harbour.
• The projects support India’s growing focus on industrial infrastructure, inland water transport and coastal development.Read more

28 May 2026

JSW Energy has raised INR 4,000 crore through a qualified institutions placement (QIP) by issuing 7.61 crore equity shares to eligible institutional buyers. The company allotted shares at INR 525 each, reflecting a 1.69 per cent discount to the floor price of INR 534.05 per share. The fundraising was approved by the finance committee of the board after receiving application forms and funds in the escrow account from institutional investors. The capital raise comes as the company continues to expand its power generation portfolio and strengthen its long-term growth plans in the energy sector.Read more

28 May 2026

Samsung Electronics is planning to invest nearly USD 1.5 billion in Vietnam to set up its first semiconductor testing plant in the country, according to proposal documents reviewed by Reuters. The facility, being developed near Hanoi, is expected to begin operations in 2027 and will focus on testing DRAM and NAND memory chips. The move comes as global demand for memory chips continues to rise due to rapid expansion in AI data centres. The project also strengthens Vietnam’s role in the global semiconductor supply chain, where it has already emerged as a key hub for chip assembly, packaging and testing operations.Read more

28 May 2026

• China and Hong Kong stock markets traded lower as weakness in property and AI-linked shares weighed on investor sentiment.
• The CSI 300 Real Estate Index fell 3.9% to a record low, while China Vanke continued to face pressure from its ongoing debt challenges.
• China’s industrial profits recorded their fastest growth since late 2023, but concerns over domestic demand and financing conditions continued to impact markets.
• Semiconductor and AI-related stocks declined despite continued long-term optimism around China’s technology and EV sectors.
• Analysts at CITIC Securities and UBS said investors remain focused on selective growth sectors including AI, infrastructure and chips.Read more

28 May 2026

Clean Max Enviro Energy Solutions has secured USD 575 million in financing to scale up its solar and wind energy portfolio across India. The funding has been arranged through a mix of domestic and international lenders, supporting the development of Central Transmission Utility-connected renewable projects in Rajasthan and Karnataka. These projects will add to the company’s 1 GW renewable energy capacity. The funds include contributions from public sector banks, global financial institutions, and ECB facilities, along with term loans raised by the company and its subsidiary.Read more

28 May 2026

Saatvik Green Energy has received an order worth INR 171.45 crore for supplying solar modules for a utility-scale solar project in India. The order involves TOPCon bifacial glass-glass solar PV modules, which generate electricity from both sides of the panel, improving energy output compared to conventional systems. The modules will be supplied to a domestic independent power producer. The company noted that this order reflects continued demand for advanced solar technologies in large-scale renewable projects, as India expands its clean energy capacity and strengthens solar manufacturing and deployment across key industrial segments.Read more

28 May 2026

The Brihanmumbai Municipal Corporation (BMC) plans to revive Mumbai’s first decentralised waste-to-energy plant at Pali Hill in Bandra after the facility became defunct last year. Operational since 2018, the citizen-led project developed with the Pali Hill Residents Association processed nearly one tonne of organic waste daily and generated electricity for around 69 streetlights in the locality. Civic officials are now exploring revival of the facility through CSR funding while also assessing expansion of its waste-processing capacity as part of Mumbai’s broader decentralised waste-management initiatives.Read more

28 May 2026

• Odisha could attract fresh power sector investments worth INR 25,000-30,000 crore over the next six to 12 months after revising its concessional power allocation policy for thermal projects.
• The state plans to reduce the mandatory concessional power supply from 12-14 per cent to 5 per cent, aligning with the Centre’s framework and improving project viability for developers.
• Industry representatives said the earlier policy had pushed investors towards neighbouring states like Chhattisgarh, which attracted over INR 1.5 lakh crore in thermal power investments and added more than 16 GW capacity over the past decade.
• Companies including Jindal Power, Vedanta and Adani Group are now evaluating investment opportunities in Odisha following the proposed policy change.
• The policy revision comes amid rising electricity demand across India and concerns over power shortages, infrastructure gaps and increasing project costs in the thermal power sector.Read more

28 May 2026

ACME Solar Holdings has signed a 25-year power purchase agreement with Solar Energy Corporation of India for a 300 MW/1,200 MWh ISTS-connected assured peak power project. The project was awarded under SECI’s FDRE Tranche-VII tender and will supply four hours of guaranteed electricity during non-solar hours. The company said the project will use its existing night-time grid connectivity in high irradiation zones. Following this agreement, ACME Solar’s PPA-signed portfolio has increased to 6,570 MW out of its total contracted capacity of 8,070 MW, strengthening its presence in the renewable energy and storage segment.Read more

27 May 2026

States will be able to submit applications from June 1 under the INR 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme to develop 100 plug-and-play industrial parks across India over 2026–27 to 2031–32. The first phase will select 50 proposals through two rounds of evaluation, with up to 20 projects expected in the first round ending July 31, 2026. The scheme, approved by the Union Cabinet on March 18, aims to create investment-ready industrial infrastructure with defined land and connectivity norms.Read more

27 May 2026

• NTPC reported a strong increase in quarterly and annual consolidated profit for FY26 despite a marginal decline in total income during the March quarter.
• Growth in joint venture earnings and subsidiary performance supported the company’s overall financial results during the year.
• NTPC’s coal-based power plants recorded higher operational efficiency compared to the national average Plant Load Factor during FY26.Read more

27 May 2026

Suzlon Energy reported a 5.6 per cent decline in consolidated net profit to INR 1,114 crore in the March quarter of FY26, mainly due to lower deferred tax benefits compared to the previous year. However, the company posted strong growth in revenue, which rose significantly on a yearly basis. For the full FY26 period, both profit and revenue showed notable improvement, supported by higher execution in wind turbine deliveries and a strong order book. The company also highlighted steady demand from public sector and commercial & industrial customers, along with improved cash position and operational performance.Read more

26 May 2026

• Rajasthan and the Centre have invited investors to expand electronics and semiconductor manufacturing in the state with policy support and infrastructure incentives.
• The state highlighted development of semiconductor clusters, industrial corridors and integrated manufacturing ecosystems across key regions.
• Officials stated that semiconductor and electronics investments are expected to strengthen industrial growth, domestic manufacturing capacity and employment generation in Rajasthan.Read more

26 May 2026

• The Centre has opened a four-month application window for states to seek approval for 50 industrial parks under the BHAVYA scheme.
• The scheme aims to develop plug-and-play industrial infrastructure through partnerships between states and private sector players.
• Industrial parks ranging from 100 to 1,000 acres will receive infrastructure support, with cluster-based manufacturing and regional industrialisation forming the core focus areas.Read more