20 Jul 2026

ACME Solar has secured long-term project financing of INR 2,646.64 crore from state-owned REC Ltd to develop a 450 MW/1,800 MWh Firm and Dispatchable Renewable Energy (FDRE) project. REC will act as the sole lender for the project with a 20-year financing tenure. The project combines solar power, wind energy and Battery Energy Storage Systems (BESS) to provide reliable and dispatchable renewable electricity during periods of peak demand. ACME Solar has also signed a 25-year Power Purchase Agreement (PPA) with SJVN Ltd at a tariff of INR 6.74 per unit. The project forms part of the growing deployment of integrated renewable energy systems designed to improve grid reliability while supporting India's clean energy transition.Read more

19 Jul 2026

Gujarat Inject (Kerala) Ltd has reported a sharp rise in standalone revenue and profit for the first quarter of FY27 as the company accelerates its transition into the renewable energy sector. Revenue from operations increased more than fourfold year-on-year to INR 12.45 crore, while net profit rose to INR 1.25 crore. The board has also appointed Murli Shivshankaran Nair as Managing Director for a three-year term, subject to shareholder approval, and approved a proposal to rename the company as REGENOVA RENEWTECH LIMITED. The rebranding aligns with the company's growing focus on solar photovoltaic module distribution, clean energy solutions and solar infrastructure projects.Read more

19 Jul 2026

M3M India has entered into a strategic partnership with Zydex Paints to deploy KEIM Regalan, a silicate mineral façade coating manufactured by Germany-based KEIM, across several of its premium residential developments. The collaboration will begin with M3M Golf Hills in Sector 79, Gurugram, where the coating will be applied across the project's exterior façade from July 2026. The agreement has subsequently been extended to include other developments, including The Cullinan, Altitude and Mansion. According to the companies, the partnership is expected to generate approximately INR 100 crore worth of façade painting works over the next three years. The move reflects growing adoption of long-life building materials in India's premium real estate sector, with developers increasingly focusing on durability, lifecycle performance and maintenance efficiency alongside architectural design.Read more

19 Jul 2026

AmpereHour Energy has inaugurated a Battery Energy Storage System (BESS) manufacturing and integration facility at Chakan in Pune, marking its expansion from a system integrator into battery energy storage manufacturing. The facility will manufacture and integrate containerised and cabinet-based battery DC-AC blocks for utility-scale and commercial and industrial applications. Designed with a planned manufacturing capacity of 5 GWh, the plant incorporates the company's proprietary ELINA Energy Management System (EMS) and AH-Suite digital quality management platform to support testing, performance validation and product traceability. The investment forms part of the company's localisation strategy under the Make in India initiative and is intended to strengthen domestic battery energy storage manufacturing capabilities as demand for grid-scale storage and renewable energy integration continues to grow across India.Read more

19 Jul 2026

Himachal Pradesh has inaugurated a 500-kilowatt ground-mounted solar power project in Mamlig Gram Panchayat of Solan district under the Green Panchayat scheme. Built at a cost of INR 2 crore, the project is expected to generate around eight lakh units of clean electricity annually. A key feature is its revenue-sharing model, under which earnings will be distributed among the gram panchayat, welfare initiatives, the state government, HIM URJA, and project maintenance. The initiative is aimed at promoting clean energy, strengthening rural finances, and supporting sustainable development across the state.Read more

18 Jul 2026

Himachal Pradesh has moved closer to the implementation of the 422 MW Kishau multipurpose hydro project after the state government reviewed the draft Memorandum of Understanding (MoU) circulated by the Centre. The state has said it supports the project while ensuring its rights remain protected. Under the revised understanding, Himachal is expected to earn around INR 600 crore annually without making any financial investment. The government has also secured water rights in the Yamuna basin and said it successfully revised the earlier draft agreement to safeguard the state's long-term interests.Read more

18 Jul 2026

Aditya Birla Renewables Ltd. (ABReN), a subsidiary of Grasim Industries, has signed a definitive agreement to acquire Spring Energy from Shell in a transaction valued at INR 17,200 crore (approximately USUSD 1.8 billion), marking one of India's largest renewable energy acquisitions. The deal will add around 5 GW of contracted renewable energy capacity to ABReN's portfolio, taking its total capacity to 9.3 GW. The acquisition will be funded through a mix of debt, equity from Grasim Industries and investment from funds managed by Global Infrastructure Partners (BlackRock). Subject to regulatory approvals, the transaction is expected to close before the end of calendar year 2026.Read more

18 Jul 2026

Wistron Corp's Vietnam subsidiary has signed a civil engineering contract valued at 1.7718 trillion Vietnamese dong (around USD 67.47 million) to build new manufacturing plants and warehouses in Vietnam. The investment is part of the Taiwanese electronics manufacturer's ongoing expansion in the country as it strengthens its production base outside China. The project is expected to support Wistron's manufacturing capacity and long-term business growth in Vietnam, which has become an important hub for global electronics and technology companies.Read more

17 Jul 2026

British International Investment (BII) has partnered with the Emerging Africa & Asia Infrastructure Fund (EAAIF) to strengthen financing for Blueleaf Energy’s renewable energy projects in India. Under the agreement, EAAIF will participate in half of BII’s USD 75 million mezzanine debt facility, supporting the development of 850 MW of greenfield renewable energy capacity. The partnership aims to attract more private investment into climate infrastructure while supporting India's clean energy goals. The deal also expands EAAIF’s renewable energy investments in India and reflects growing collaboration between development finance institutions and institutional investors.Read more

17 Jul 2026

Waaree Energies Ltd has commenced operations at a battery energy storage system (BESS) container manufacturing facility in Gujarat through its subsidiary, Waaree Energy Storage Solutions Pvt Ltd. The facility has an annual manufacturing capacity of 5.15 GWh, an increase from the originally planned 3.5 GWh, following improvements in production throughput and battery cell energy density. The company also outlined plans to expand its BESS container manufacturing capacity to 20 GWh over time. The development forms part of Waaree's strategy to strengthen domestic energy storage manufacturing as demand for grid-scale storage solutions grows alongside India's renewable energy capacity additions.Read more

17 Jul 2026

New York has become the first US state to impose a temporary moratorium on the construction of large data centres, introducing a one-year ban on new facilities with power requirements of 50 megawatts or more. Announced by Governor Kathy Hochul, the measure aims to assess the environmental, infrastructure and economic impacts of hyperscale data centres amid growing concerns over electricity demand, water consumption and rising utility costs. During the moratorium, the state will prepare a Generic Environmental Impact Statement and develop uniform standards for future projects. The move places New York at the centre of a national policy debate as several US states consider stricter oversight of data centre development driven by rapid growth in artificial intelligence infrastructure.Read more

17 Jul 2026

The National Company Law Appellate Tribunal (NCLAT) has dismissed two appeals filed by Maharashtra Airport Development Company (MADC), clearing the way for the sale of the assets of Abhijeet MADC Nagpur Energy Pvt Ltd (AMNEPL), a power project developed to supply electricity to Nagpur's MIHAN Special Economic Zone. The tribunal upheld an earlier NCLT order validating the sale to Rankini Power Generation and ruled that the liquidator had the authority to transfer the company's leasehold assets under the Insolvency and Bankruptcy Code. However, it also clarified that MADC's rights under the Build-Operate-Transfer (BOT) agreement would remain protected.Read more

17 Jul 2026

Gensol Engineering has confirmed that the Indian Renewable Energy Development Agency (IREDA) has classified its loan accounts worth INR 673 crore as fraud and reported the matter to the Reserve Bank of India (RBI). The clarification was issued after media reports on the development. The company stated that the reports accurately reflected IREDA's order. The latest development adds to the regulatory scrutiny surrounding Gensol Engineering, which has faced multiple actions from financial and market regulators in recent months.Read more

Mumbai News Desk

17 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) is set to launch an integrated digital portal by the end of July to streamline the management of construction and demolition (C&D) waste and facilitate soil exchange across Mumbai. The platform will enable real-time tracking of waste movement, reduce illegal dumping, curb dust pollution and improve compliance with waste disposal norms. The initiative is expected to strengthen transparency in construction activities while supporting sustainable urban development and resource reuse.Read more

16 Jul 2026

• CERC has introduced a one-time relief framework allowing renewable energy developers to surrender, transfer, substitute or retain unused interstate transmission connectivity, unlocking over 22 GW of stranded grid capacity.
• The move addresses projects delayed due to the absence of Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs) despite developers having secured transmission access through competitive bidding.
• Eligible developers have been given a 60-day window to exercise the available options, after which surrendered transmission capacity will be reallocated to projects that are ready for implementation.
• The initiative is expected to improve transmission network utilisation, reduce project delays, accelerate renewable energy deployment and support India's long-term clean energy and grid expansion goals.Read more

16 Jul 2026

LML Realty has announced plans to develop a 45-acre industrial park in Haryana with an investment of INR 250 crore, targeting micro, small and medium enterprises (MSMEs) seeking ready industrial infrastructure for light manufacturing. Located in Jhirka Valley near the Delhi–Mumbai Expressway, the project has been approved under the Haryana government's Promoting Access and Development of MSME Advancement (PADMA) scheme. The development will offer industrial plots, plug-and-play manufacturing units and built-to-suit factory solutions, alongside integrated construction and infrastructure services. Leasing rates will begin at INR 25 per sq ft per month. The company expects the park to cater to a wide range of sectors, including engineering, automotive, pharmaceuticals, food processing, warehousing, logistics, electronics and data centres, while supporting faster operational readiness for industrial occupiers.Read more

15 Jul 2026

India's Oil and Natural Gas Corporation (ONGC) plans to develop a 1.75 million metric tonne (MT) strategic petroleum reserve (SPR) in Mangaluru as part of the country's efforts to strengthen energy security. The proposed facility will add to India's existing emergency crude storage capacity and may also be used for commercial purposes after obtaining government approval. The move comes as India continues to expand its strategic reserves following recent global supply disruptions and deepen energy partnerships with countries such as the UAE and Japan to improve crude oil storage and supply resilience.Read more

15 Jul 2026

Naveen Jindal Group is evaluating locations across at least nine states, including Gujarat, Odisha, Andhra Pradesh, Tamil Nadu, Jharkhand and Chhattisgarh, for the development of nuclear power projects with a planned capacity of 18 GW. The proposed investment, estimated to run into lakhs of crores of rupees, forms part of the group's diversification strategy and is intended to support the Centre's target of achieving 100 GW of nuclear power capacity by 2047. The projects will be undertaken through Jindal Nuclear Power Private Limited, a wholly owned subsidiary of Jindal Renewables. The group is also holding discussions with technology providers and state governments while assessing sites based on land availability, water resources, transmission connectivity, regulatory readiness and long-term project feasibility.Read more

15 Jul 2026

Flipkart has announced plans to further expand its long-term investments in West Bengal by strengthening its supply chain infrastructure, seller ecosystem and skill development initiatives. The Walmart-owned e-commerce company said the state, which houses its largest fulfilment centre in India at Haringhata, will remain a key part of its growth strategy. The company currently operates more than 300 logistics facilities across West Bengal, supports over 120,000 jobs, and has expanded Flipkart Minutes with 90 micro fulfilment centres. It also continues to support MSMEs, artisans, weavers and farmers through its digital marketplace.Read more

14 Jul 2026

India is emerging as one of the key beneficiaries of the global shift in manufacturing as companies diversify supply chains beyond China, according to an Assocham study. The report said India's manufacturing growth has improved significantly since the pandemic, supported by policy reforms, rising investor confidence and infrastructure development. It highlighted that the country's manufacturing growth has moved above the global average, placing India in a stronger position to attract investments. The study also stressed the need to further improve logistics, industrial infrastructure and supplier networks to strengthen India's role in global value chains.Read more