09 May 2026

Larsen & Toubro has secured a ‘mega’ domestic order valued between INR 10,000 crore and INR 15,000 crore from JSW Steel for engineering, procurement and construction works. The contract involves installation of key process facilities, including blast furnaces and steel melt shops, across sites in Ballari, Karnataka and Paradip, Odisha. The order supports JSW Steel’s plan to expand its crude steel capacity from 35 million tonnes per annum to over 50 MTPA by 2031. The development marks L&T’s largest order in the domestic metals segment.Read more

08 May 2026

EDP Renewables reported a 9% rise in recurring net profit, supported by higher power generation and reduced operating costs. The company outperformed market expectations, even as electricity prices in Europe remained under pressure. Growth was largely driven by North America, which continues to contribute the majority of output. While revenues stayed stable, improved efficiency and controlled expenses helped strengthen earnings. The company also expanded its installed capacity and continues to invest in new renewable projects. However, a rise in net debt reflects ongoing capital deployment for future growth across global markets.Read more

07 May 2026

The Government of India has reviewed the impact of the ongoing West Asia situation and confirmed that fertiliser and fuel supplies remain stable across the country. Fertiliser stocks are above seasonal requirements, supported by strong domestic production and imports. LPG and fuel availability continues without disruption, with no shortages reported and supply prioritised for essential sectors. PNG connections are expanding steadily, while enforcement actions are being taken against hoarding. Maritime operations, flights, and safety of Indian nationals in the region remain under control, with coordinated efforts ensuring continuity across key sectors.Read more

07 May 2026

Brookfield Asset Management has entered into an agreement with The Nuclear Company to establish a joint venture focused on developing nuclear power projects using reactor technology from Westinghouse Electric Company. Announced on May 4, the partnership will combine Brookfield’s capabilities in asset management and energy infrastructure with nuclear project delivery expertise, including engineering oversight and licensing support. The venture is expected to advance projects centred on AP1000 and AP300 reactors amid increasing global demand for low-carbon electricity. The move aligns with broader efforts by governments and investors to revive nuclear energy as a stable, emissions-free power source. The companies aim to finalise agreements in the coming months, subject to regulatory approvals, while also taking on a role in a proposed project in South Carolina.Read more

07 May 2026

Larsen & Toubro has secured a large engineering, procurement and construction (EPC) order valued between INR 2,500 crore and INR 5,000 crore for a coal-to-ammonium nitrate project in Odisha. The contract has been awarded by Bharat Coal Gasification and Chemicals Ltd, a joint venture of Coal India Limited and Bharat Heavy Electricals Limited. The facility is designed to produce 2,000 tonnes of ammonium nitrate per day and is expected to support domestic industrial demand while reducing import dependence. The development reflects continued investment in downstream coal utilisation and chemical manufacturing infrastructure.Read more

07 May 2026

Tauron Polska Energia has received approval to build a new cogeneration plant in Lagisza, Bedzin, while its subsidiary Tauron Ciepo secured support for four units in a recent cogeneration premium auction. The total capacity of these units exceeds 100 MW. The company expects to generate around PLN 2.5 billion in revenue from the premium mechanism over the support period. Winning bids in the auction were priced between PLN 249.92 per MWh and PLN 274.77 per MWh. The development aligns with Tauron’s ongoing efforts to strengthen efficient heat and power generation.Read more

07 May 2026

Bewi Invest ASA has acquired a light industrial property in Oppdal through its subsidiary Corvus Estate AS. The transaction reflects the company’s continued focus on expanding its real estate portfolio, particularly in industrial and logistics assets. While financial details of the deal were not disclosed, the acquisition aligns with Bewi Invest’s broader strategy of investing in income-generating properties. Oppdal, known for its strategic location and growing commercial activity, has seen rising interest from investors in recent years.Read more

06 May 2026

Amazon has introduced a new service, Amazon Supply Chain Services, allowing external businesses to access its logistics and delivery network. The system enables companies of all sizes to manage transportation, storage and delivery of goods ranging from raw materials to finished products. The offering includes Amazon’s freight, distribution, fulfillment and parcel shipping capabilities. Early adopters include major companies such as Procter & Gamble, 3M and American Eagle Outfitters. The announcement also influenced market sentiment, with logistics players UPS and FedEx seeing a decline in premarket trading.Read more

05 May 2026

Strata has exited an industrial asset in Bengaluru through a transaction valued at approximately INR 35 crore, completing a profitable investment cycle. The exit, executed in the past week, reflects continued investor interest in income-generating industrial and warehousing assets. The transaction underscores the growing role of fractional ownership platforms in facilitating entry and exit opportunities for investors, while highlighting sustained demand for Grade A industrial real estate in key logistics and manufacturing hubs.Read more

04 May 2026

Indonesia has initiated 13 projects across energy, mining, and agriculture sectors with a total investment of USD 6.7 billion. The move is aimed at reducing dependence on imports and strengthening domestic production. Key developments include refinery expansion, fuel storage facilities, coal-to-DME processing, and steel manufacturing units. The government is also pushing forward agro-based production such as biodiesel. Some projects revive earlier stalled plans, reflecting a renewed focus on energy security and industrial growth. These initiatives are expected to improve capacity, support local industries, and enhance long-term self-sufficiency.Read more

03 May 2026

China Railway Special Cargo Logistics Co Ltd has announced a leadership change with Chairman Yu Yongli set to resign due to a change in work arrangements. The development comes as part of internal restructuring, though the company has not disclosed further details about the transition or a successor. The firm, which plays a key role in railway-based cargo logistics in China, continues to operate in a sector that supports industrial supply chains and freight movement. The announcement is expected to have limited immediate operational impact.Read more

03 May 2026

AmpereHour Energy has partnered with Organo Eco Habitats to implement a centralised battery energy storage system at the Organo Antharam residential community in Chevella, Hyderabad. The project, positioned as India’s first such deployment in a housing development, integrates solar power, grid supply, and battery storage to enable continuous energy access. The system, with a capacity of 500 KVA/608 kWh, supports the community’s broader net-zero energy goals and reduces reliance on conventional power sources, including diesel generators, reflecting a shift towards sustainability-led residential planning.Read more

02 May 2026

India’s peak power demand rose to a seasonal high of 240 GW in the past week, driven by rising temperatures and increased use of cooling appliances across residential and commercial segments. Data from the power ministry showed peak demand met at 240.12 GW, marking the highest level so far this summer. The surge follows fluctuating demand trends earlier in the month and comes as heatwave conditions intensify across multiple regions. Experts expect demand to rise further, potentially nearing previous highs recorded in 2023 and 2024. The government has projected peak demand to reach around 270 GW this summer, indicating continued pressure on energy infrastructure.Read more

02 May 2026

Jakson Infra has secured a USD 62.22 million power distribution contract in Angola under a World Bank-supported programme aimed at improving electricity access. The project focuses on upgrading distribution networks in Luanda to enhance supply reliability. It includes complete execution from design to commissioning. This marks another step in the company’s expansion in international markets, especially Africa. The contract also reflects growing opportunities for Indian infrastructure firms in global energy projects backed by multilateral funding agencies.Read more

01 May 2026

The Philippines has decided to continue its moratorium on new coal power projects, even as concerns rise over energy security due to geopolitical tensions. The government said existing approved projects and contracts are sufficient to meet current needs. Authorities are also reviewing older coal plants for possible retirement due to reliability and cost issues. The policy, first introduced to reduce carbon emissions and push clean energy adoption, remains unchanged. The move reflects a continued focus on balancing affordability, supply stability, and long-term sustainability in the country’s energy planning.Read more

01 May 2026

Raysut Cement has approved the formation of a special purpose vehicle (SPV) to expand its presence in the energy and mining sectors. The move reflects the company’s strategy to diversify beyond its core cement business and explore opportunities linked to raw material security and energy efficiency. The development comes at a time when cement manufacturers are increasingly investing in captive resources and alternative energy to manage costs and improve operational stability. Raysut Cement has been actively exploring regional growth and vertical integration to strengthen its market position.Read more

01 May 2026

India’s peak electricity demand saw a slight easing over the weekend after touching a new record high a day earlier. The demand fell to 238.15 gigawatts as commercial and industrial activity slowed due to widespread closures. Supply levels remained close to demand, though a small shortfall was recorded. Data from the power authorities indicated that demand has been steadily rising compared to last year and is expected to increase further with rising temperatures. The India Meteorological Department has indicated a harsh summer, with higher use of cooling systems likely to push consumption higher in the coming weeks.Read more

29 Apr 2026

The Greater Chennai Corporation has announced new composting projects to improve solid waste management and reduce pressure on landfill sites. The plan includes a large windrow composting facility at Perungudi and smaller decentralised units in Manali. With the city generating over 6,000 tonnes of waste daily, the focus is on processing biodegradable waste closer to the source, lowering transport costs and cutting emissions. The initiative builds on ongoing biomining work and segregation efforts, though execution and enforcement remain key challenges.Read more

29 Apr 2026

Oman has entered into multiple investment agreements exceeding USD 519 million to develop industrial projects across key economic zones. The investments will be spread across Duqm Special Economic Zone, Salalah Free Zone, and Khazaen Economic City. The projects include manufacturing units for electric vehicle batteries, steel, cement, pipes, adhesives, tile processing, and a pharmaceutical warehouse. This move aligns with Oman’s broader strategy to diversify its economy beyond oil and strengthen its industrial and logistics capabilities through targeted infrastructure development.Read more

29 Apr 2026

Vedanta Power has completed disbursement of compensation to families affected by a boiler-related incident at its Raigarh district plant in Chhattisgarh. The company provided INR 35 lakh each to families of deceased workers and INR 15 lakh to those injured. It has also outlined further support including possible employment opportunities for dependents, education assistance up to Class 12, and skill development training. A crisis management team is managing relief measures such as medical care, counselling, and logistical assistance. The incident, involving a steam tube explosion at the plant in Singhitarai village in mid-April, resulted in multiple fatalities and serious injuries.Read more