29 Apr 2026

Patel Engineering has been declared the lowest bidder for a major hydropower contract in Nepal, valued at INR 1,593.08 crore. The project, awarded by SJVN’s subsidiary, involves Package 2 of the 669 MW Lower Arun Hydroelectric Project and is expected to be completed in 54 months. The company highlighted its ongoing presence in the region through the nearby Arun-3 project and its focus on timely execution. This development follows another international order secured in Bhutan, reinforcing Patel Engineering’s growing footprint in South Asia’s hydropower sector.Read more

28 Apr 2026

Balrampur Chini Mills Ltd has approved an investment of INR 160 crore to set up a lactogypsum processing plant in Uttar Pradesh as part of its expanding bio-based operations. The company has also increased the cost of its ongoing PLA manufacturing project to around INR 3,080 crore due to rising input costs and design changes. To support these plans, it will raise up to INR 450 crore through preferential share allotment and an additional INR 200 crore via non-convertible debentures. The move reflects its continued focus on diversification into sustainable materials and value-added byproducts.Read more

27 Apr 2026

Juniper Green Energy has started commissioning India’s first Firm and Dispatchable Renewable Energy (FDRE) project under the government’s FDRE guidelines. The project integrates 259 MWp solar, 280 MW wind, and 200 MWh battery storage across Rajasthan and Gujarat to deliver reliable power aligned with demand. It has already operationalised its solar and battery components in recent months. The project, awarded under an SJVN tender, will supply 200 MW to Haryana. This development comes at a time when power demand is rising sharply and highlights the growing role of hybrid renewable projects in ensuring grid stability.Read more

27 Apr 2026

The Maharashtra government has approved 18 large-scale projects with a total investment of INR 2.56 lakh crore, expected to generate over one lakh jobs. The projects span sectors such as green energy, electric vehicles, electronics, and defence manufacturing. Cleared by a cabinet sub-committee led by Chief Minister Devendra Fadnavis, the initiative focuses on expanding industrial activity across regions including Vidarbha, Marathwada, and Konkan. The move is part of the state’s continued efforts to attract investments, improve manufacturing capacity, and support balanced regional development.Read more

26 Apr 2026

SAEL Industries has started operations of a 600 MW solar power plant in Kurnool, Andhra Pradesh, marking a major addition to its renewable energy portfolio. The project is supported by a 25-year power purchase agreement with the Solar Energy Corporation of India, ensuring long-term revenue stability. Built across over 2,400 acres, the plant consists of two 300 MW units developed under subsidiary companies. It is expected to reduce nearly 11 lakh tonnes of carbon emissions annually and uses over 12 lakh TOPCon bifacial modules manufactured in Punjab and Rajasthan. This development follows the company’s earlier 1 GWp Khavda project in Gujarat.Read more

26 Apr 2026

Resolven has entered into a long-term power purchase agreement with Solar Energy Corporation of India for a 180 MW wind energy project in Andhra Pradesh. The project, to be developed by its subsidiary Ganeko Three Energy, is expected to generate around 490 million units of electricity annually at a tariff of INR 3.68 per unit. The output can power about 4.6 lakh households and reduce carbon emissions by nearly 0.4 million tonnes each year. The company continues to expand its renewable portfolio, supported by strong execution capacity and a growing pipeline of projects.Read more

24 Apr 2026

UltraTech Cement has commissioned three cement grinding units in Shahjahanpur (Uttar Pradesh), Patratu (Jharkhand) and Visakhapatnam (Andhra Pradesh), taking its total capacity to over 200 million tonnes per annum (MTPA). The milestone positions the Aditya Birla Group company as the largest cement producer outside China. The expansion comes amid sustained infrastructure and construction demand across India. The company has outlined plans to scale capacity further to 240 MTPA by FY28 with an investment of INR 16,000 crore. UltraTech’s growth has been driven by a mix of organic expansion and acquisitions, with strong demand support from rural markets and large public infrastructure projects.Read more

24 Apr 2026

Global clean energy generation exceeded electricity demand growth in 2025, with renewables accounting for over one-third of total power supply for the first time, according to Ember. Clean generation rose by 887 terawatt hours against demand growth of 849 terawatt hours, led by strong solar expansion in China and India. Solar alone met nearly three-quarters of incremental demand, while combined solar and wind generation accounted for almost all of it. Coal’s share fell below one-third of global generation, and fossil fuel output declined marginally. The report also highlighted rapid growth in battery storage, alongside declining costs, enabling better utilisation of solar energy. The shift indicates a structural transition in global power systems, with renewables increasingly meeting incremental demand.Read more

24 Apr 2026

Brookfield-backed renewable platform Evren has secured approximately USD 600 million from a consortium of global lenders to fund a 300 MW firm and dispatchable renewable energy (FDRE) project across Andhra Pradesh and Rajasthan. The project, backed by a power purchase agreement with NTPC, integrates solar, wind and battery storage to deliver stable clean energy supply. Scheduled for commissioning in 2027, it is expected to generate around 2,400 GWh annually and offset over 1.5 million tonnes of CO emissions each year. The funding consortium includes Standard Chartered Bank, MUFG, SMBC, DBS Bank, Crédit Agricole CIB and BNP Paribas, reflecting increasing institutional interest in India’s hybrid renewable infrastructure.Read more

24 Apr 2026

JSW Steel has approved a 50:50 joint venture with South Korea-based POSCO to develop a 6 million tonne per annum (MTPA) integrated steel plant in Odisha. The project will be executed through Saffron Resources, a JSW subsidiary holding 887 acres of land. As part of the agreement, POSCO will invest INR 508.8 crore via share subscription. The proposed plant will focus on high-grade steel production, particularly for automotive and industrial applications, while strengthening technology access and manufacturing capabilities through this strategic partnership.Read more

23 Apr 2026

Vedanta Ltd has approved May 1 as the effective and record date for its proposed demerger, under which its aluminium, power, oil and gas, and iron ore businesses will be spun off into four separately listed entities. Shareholders will receive equity in each new entity in a 1:1 ratio. The restructuring includes the creation of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel. The move forms part of a broader reorganisation aimed at simplifying the corporate structure and enabling independent business operations. The company had earlier extended the overall demerger timeline to the end of June, pending regulatory approvals.Read more

22 Apr 2026

Rahee Group is planning to invest up to INR 600 crore over the next three years to expand manufacturing capacity and strengthen its infrastructure capabilities. The investment includes a INR 200 crore foundry in Odisha through its subsidiary Rahee Track Technologies Ltd, alongside annual capex of INR 60–70 crore by Rahee Infratech Ltd. An additional INR 100 crore will be deployed in Pandrol Rahee Technologies to enhance product lines. The group is also exploring export opportunities and may consider an IPO over the next few years, while targeting standalone revenues of INR 2,000 crore amid rising demand from rail and metro infrastructure expansion.Read more

21 Apr 2026

State-owned NTPC stated that its subsidiary NGEL, through its group firm, would commence commercial power supply of 150 MW from a 300 MW solar project in Rajasthan in the coming days. The project is owned by Project Sixteen Renewable Power Private Ltd, a step-down subsidiary of ONGC NTPC Green Private Ltd. Following the commissioning, NGEL group capacity is expected to rise to 10,276.40 MW, while NTPC's overall installed capacity will reach 89,528 MW, with commercial capacity at 88,448 MW. The development reflects ongoing capacity additions within NTPC's renewable energy portfolio.Read more

21 Apr 2026

Prologis has increased its full-year core funds from operations (FFO) forecast, supported by consistent demand for logistics and warehouse spaces. The company reported stable leasing activity and strong interest from retailers, manufacturers, and data centre operators. Quarterly performance slightly exceeded market expectations, with higher revenue and marginally better FFO per share. Growth in artificial intelligence infrastructure and digital facilities has also contributed to demand. The revised outlook now stands above analyst estimates, reflecting confidence in leasing momentum and expansion in data centre development.Read more

21 Apr 2026

NG Electro Products, a contract manufacturing platform focused on consumer goods, has secured INR 150 crore in funding from JM Financial Private Equity and family offices. The investment will be utilised to expand manufacturing capacity, strengthen research and development capabilities, and enhance quality and compliance infrastructure. The company serves consumer brands across home care, beauty and personal care, and nutraceutical segments. The investment was made through JM Financial India Growth Fund III, which targets multiple sectors including consumer, manufacturing, and technology. The funding reflects investor interest in scalable contract manufacturing platforms catering to evolving consumer product demand and product innovation requirements.Read more

20 Apr 2026

The Andhra Pradesh government has approved an INR 2,550 crore investment by NPSPL Speciality Chemicals to set up a cathode material manufacturing facility in Chittoor district. The project, spread over 105 acres, will support lithium-ion battery production used in electric vehicles, electronics and energy storage systems. Backed by incentives under the state's Electronics Component Manufacturing Policy 2025-30, the unit is expected to generate around 400 direct jobs. The move aims to reduce India's reliance on imports of critical battery materials and strengthen the domestic electronics and EV supply chain.Read more

20 Apr 2026

Ganesh Green Bharat has secured a domestic order worth over INR 430 crore for the supply of bifacial solar PV modules, strengthening its presence in India's utility-scale solar segment. These modules are designed to generate power from both sides, improving energy output and efficiency. The order will support large-scale solar projects and reflects steady demand for advanced solar technologies. The company's focus on high-efficiency and durable modules aligns with the growing shift towards renewable energy and improved project performance across India's expanding solar infrastructure.Read more

20 Apr 2026

Logistics platform Porter has expanded its intra-city operations to eight new cities across six states, strengthening its presence in regional markets and targeting demand from micro, small and medium enterprises (MSMEs). The rollout includes Mysore, Madurai, Jabalpur, Gwalior, Meerut, Agra, Aurangabad and Thrissur. Operations have commenced with two-wheeler logistics, with plans to introduce larger vehicle categories in subsequent phases. The expansion is aimed at addressing fragmented supply chains, improving last-mile connectivity and enabling cost-efficient goods movement. Porter has onboarded around 4,000 driver-partners across these cities and expects to generate over 64,000 jobs in the first year, reflecting the growing role of tech-enabled logistics in regional economies.Read more

20 Apr 2026

Adani Energy Solutions Ltd has operationalised a 1,000 MW high-voltage direct current transmission link between Kudus and Aarey through its subsidiary Adani Electricity Mumbai Infrastructure Ltd. The project spans a 30-km overhead line and a 50-km underground corridor across the Mumbai Metropolitan Region and incorporates what is described as the world's first compact HVDC substation. The infrastructure enables Mumbai to draw higher volumes of electricity, including renewable energy, from outside the city. It is expected to reduce dependence on local generation, improve grid stability, and lower the risk of outages, while supporting the region's growing power demand within a dense urban environment.Read more

18 Apr 2026

Industrial and warehousing demand across India's top eight cities reached 11 million sq ft in Q1 2026, reflecting a 22% year-on-year increase, according to Colliers. Third-party logistics (3PL) companies led activity, contributing around one-third of total leasing at approximately 3.5 million sq ft, with demand rising 1.8 times annually. Delhi NCR and Chennai together accounted for nearly half of overall absorption, while Bengaluru and Hyderabad recorded strong growth. New supply stood at 12.5 million sq ft, up 33% year-on-year, leading to a rise in vacancy levels to 16.7%. Despite near-term risks from global supply chain disruptions, long-term demand drivers remain supported by logistics expansion and policy-led manufacturing growth.Read more