04 Jul 2026

CTP has expanded its logistics portfolio by opening an 11,500 sqm distribution centre at CTPark Ceska Lípa in the Czech Republic for Saint-Gobain’s Sekurit Service. The new facility will serve as a central hub for distributing replacement auto glass across Europe, helping improve delivery efficiency and reduce supply times. The development strengthens CTP's presence in the European logistics real estate market while supporting Saint-Gobain's supply chain with better connectivity to manufacturing sites, warehouses and key automotive markets across the region.Read more

04 Jul 2026

Wheels India Ltd plans to invest around INR 300 crore during FY27 to expand its presence across the tractor, wind energy, hydraulic cylinder and air suspension businesses. Speaking at the company's 67th Annual General Meeting, Chairman and Managing Director Srivats Ram said the air suspension segment recorded strong double-digit growth in FY26, supported by higher electric vehicle (EV) adoption, fleet modernisation, intercity transport expansion and increased demand for air-conditioned sleeper buses. The company also expects continued momentum in its car wheels business and remains optimistic about growth in wind energy components despite concerns over commodity price inflation linked to geopolitical tensions in West Asia.Read more

04 Jul 2026

Segro has announced a 50:50 joint venture with an international investor to develop and operate three logistics parks along the UK's M1 motorway corridor. The partnership has a projected fully developed gross asset value of around GBP 3 billion. Segro will contribute logistics parks in Radlett, Coventry and Northampton to the venture. The announcement comes soon after the company rejected a GBP 12.6 billion takeover approach from U.S.-based logistics developer Prologis. Once completed by 2030, the project is expected to significantly expand warehouse space and rental income across the three sites.Read more

04 Jul 2026

India's industrial and logistics sector recorded gross absorption of 34.8 million sq ft during the first half of 2026, registering a modest 2.4% year-on-year increase, according to Savills India. Manufacturing and third-party logistics (3PL) occupiers remained the largest demand drivers, accounting for 53% of total leasing activity, while Delhi-NCR, Pune and Mumbai emerged as the leading markets. The report also highlighted a growing preference for Grade-A industrial assets, with their share of absorption increasing to 59%. Meanwhile, fresh supply rose 27.8% year-on-year to 42.7 million sq ft, reflecting continued developer confidence despite demand growth moderating.Read more

04 Jul 2026

BatX Energies has secured INR 105 crore in a Series A funding round led by IvyCap Ventures, with participation from existing investors including Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. The company plans to use the fresh capital to expand its battery recycling and refining capacity, strengthen research and development, and build a domestic supply chain for critical battery materials. The funding will also support BatX Energies' plans to scale its operations beyond India while contributing to the country's growing circular economy.Read more

03 Jul 2026

Coal India Limited (CIL) will invest INR 1,900 crore in research and development by FY2030 to modernise mining operations, improve productivity and reduce emissions. The state-owned miner will focus on clean coal technologies, mine repurposing, rare earth mineral recovery and sustainable materials through partnerships with research institutions. The investment includes support for IIT-led projects and ongoing programmes at the National Centre for Coal and Energy Research, strengthening India's mining and industrial infrastructure.Read more

03 Jul 2026

Tamil Nadu has the potential to build an INR 37,000 crore defence electronics industry by 2040, according to a roadmap presented by the Defence Research and Development Organisation (DRDO). The projection estimates the state could capture 20–25% of India's defence electronics market, supported by its manufacturing ecosystem, defence corridor and semiconductor capabilities. The roadmap also outlines an annual export opportunity of up to INR 10,000 crore through expanded electronics, aerospace and defence manufacturing.Read more

03 Jul 2026

Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement to sell a 49% stake in Adani Vizhinjam Port Private Limited to Terminal Investment Limited (TiL), the port operating arm of MSC Group, for INR 13,220 crore (USD 1.397 billion). The transaction values the Kerala transhipment port at USD 2.85 billion and marks the largest foreign private investment in India's port infrastructure, while supporting the port's ongoing capacity expansion.Read more

03 Jul 2026

NTPC has commissioned the final 41.6 MW phase of its 176 MW solar photovoltaic (PV) project in Ramagundam, Telangana, making the entire project commercially operational. The state-owned power producer declared the latest capacity operational with effect from June 30, following the earlier commissioning of the 100 MW and 34.4 MW phases in May. With the completion of the project, NTPC Group's total installed power generation capacity has increased to 90,899 MW, while its commercial operating capacity has reached 89,819 MW. The development further strengthens the company's renewable energy portfolio as it expands clean energy generation across India.Read more

03 Jul 2026

Adani Green Energy Ltd (AGEL) has become the first renewable energy company in India to surpass 20 GW of operational renewable energy capacity through greenfield development. The milestone, achieved within a decade of commissioning its first renewable energy project in Kamuthi, Tamil Nadu, comes after the company added 5,051 MW during FY26, the highest annual renewable capacity addition by any company outside China. AGEL's operational portfolio now includes solar, wind, hybrid and battery energy storage assets, generating more than 52 billion units of clean electricity annually. The company has also outlined plans to expand its battery storage capacity and achieve a 50 GW renewable energy portfolio by 2030.Read more

02 Jul 2026

Bharat Petroleum Corporation Ltd. (BPCL) will acquire a 40% stake in Tiki Tar and Shell India Private Ltd. (TTSIPL) for INR 85 crore to strengthen its presence in the value-added bitumen segment. The acquisition, approved by the Department of Investment and Public Asset Management (DIPAM), will enable BPCL to offer specialised bitumen products used in highways, airports and urban infrastructure projects. The company expects the partnership to support growing demand for advanced road construction materials driven by India's expanding infrastructure pipeline.Read more

02 Jul 2026

• The Andhra Pradesh government has approved a special incentive package for M/s NAN MagneTech to establish a INR 1,250 crore rare earth permanent magnet manufacturing facility in Nellore district.
• The greenfield project will come up on 25 acres at Naidupeta Industrial Park, generate around 400 jobs and is targeted for commissioning by June 2028.
• The project is expected to strengthen India's domestic rare earth magnet manufacturing capabilities while positioning Andhra Pradesh as a key processing hub for the ASEAN and Indo-Pacific region.
• The state has sanctioned a customised package of incentives, including capital subsidy, power and water reimbursements, and land-related concessions, subject to investment milestones and policy conditions.Read more

01 Jul 2026

• A major fire broke out at multiple warehouses in Bhiwandi, Maharashtra, leading to extensive damage to storage units containing timber, tyres and other combustible materials.
• Firefighters from several civic bodies were deployed to contain the blaze, with operations continuing for hours due to the intensity of the fire.
• No casualties or injuries were reported, as workers were safely evacuated from the affected premises.
• Authorities have launched an inquiry into the cause of the incident while assessing the extent of property damage at the warehousing hub.Read more

30 Jun 2026

The West Bengal government has launched a comprehensive safety audit of sanctioned high-rise residential and commercial projects in and around Kolkata following the collapse of an under-construction warehouse that claimed 11 lives earlier this week. A committee comprising officials from multiple government agencies, along with experts from RITES and IIT Kharagpur, will scrutinise approved building plans, structural integrity and fire safety compliance before suspended projects are permitted to resume. The exercise will also extend to waterbodies, construction site maintenance and public safety measures. Commercial projects currently under construction will remain suspended until they receive clearance through the audit process, with the government stating that development would continue only after compliance with prescribed safety standards.Read more

30 Jun 2026

Desco Infratech Ltd has commissioned the first phase of a compressed biogas (CBG) plant at Bulandshahr, Uttar Pradesh, through its subsidiary Shri Green Agro Energies Private Ltd (SGAEPL), marking the group's entry into the renewable energy sector. The facility has commenced operations with an initial production capacity of one tonne per day (TPD), against the plant's planned capacity of five TPD. Commercial sales are expected to begin shortly following the completion of operational preparations. The project forms part of the company's expansion strategy into bio-energy and is intended to convert agricultural residue and organic waste into clean fuel while supporting India's waste-to-energy and renewable energy objectives.Read more

30 Jun 2026

Eleven people died after a warehouse collapsed in Kolkata's Burra Bazar, prompting the West Bengal government to investigate the building's approval process. Chief Minister Mamata Banerjee alleged that the structure's plan had been sanctioned through irregularities during the tenure of a former Kolkata mayor. Authorities have launched a probe into compliance with sanctioned plans and building regulations, while rescue teams completed operations after recovering all victims from the debris.Read more

Mumbai News Desk

29 Jun 2026

Tata Power has unveiled an ambitious INR 15,000 crore investment roadmap to modernise Mumbai's electricity transmission and distribution infrastructure over the coming years. The programme is designed to prepare the city's power network for rapidly growing electricity demand, greater renewable energy integration and emerging high-consumption sectors such as data centres, metro rail and electric mobility. Alongside expanding transmission capacity, the company plans to strengthen battery storage, smart metering and digital grid technologies, positioning Mumbai for a cleaner, more reliable and resilient power system.Read more

Mumbai News Desk

29 Jun 2026

Mumbai’s BEST Undertaking faces a setback to its electric fleet expansion after EVEY Trans informed the transport body that it will not supply the remaining 1,414 buses under a 2,100-bus contract awarded in 2022. The company cited issues related to state subsidy payments linked to the project. BEST has received 686 buses so far under the agreement, valued at about INR 3,675 crore. The development affects one of Mumbai’s largest electric bus procurement programmes.Read more

29 Jun 2026

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings initiated against Vikram Solar, temporarily halting the Corporate Insolvency Resolution Process (CIRP) ordered by the National Company Law Tribunal (NCLT), Kolkata Bench. The stay follows Vikram Solar’s appeal against an NCLT order admitting an insolvency petition filed by operational creditor Isitva Steels under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT had earlier admitted the plea and appointed an interim resolution professional, resulting in the suspension of the company’s board. With the appellate tribunal granting interim relief, no further action can be taken under the insolvency process until the matter is heard again. The next date of hearing has not yet been disclosed.Read more

28 Jun 2026

• Uttar Pradesh's mandatory electrical safety inspection rule has come under renewed scrutiny following the recent fire incident in Lucknow that claimed 15 lives.
• The state requires commercial establishments, institutions and other designated buildings to undergo electrical safety inspections and renew safety clearances every three years.
• Authorities have intensified inspections across districts to check compliance with fire and electrical safety norms.
• The move is aimed at reducing fire risks caused by faulty electrical systems, one of the leading causes of building fires.
• The renewed focus highlights the importance of regular safety audits as urban development and commercial activity continue to expand across the state.Read more