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06 May 2026
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has approved an investment of up to INR 6,500 crore to establish a photovoltaic (PV) ingot and wafer manufacturing facility with a planned capacity of up to 10 GW. The project, to be developed in two phases of 5 GW each, marks the company’s entry into upstream solar manufacturing. The initiative is aimed at strengthening backward integration, reducing reliance on imports, and supporting domestic solar supply chains. The move comes amid policy emphasis on localisation of solar manufacturing, including upcoming regulatory requirements under approved list mechanisms. The company expects the project to enhance supply security for its downstream operations while improving operational efficiencies and supporting long-term growth in renewable energy capacity.Read more
06 May 2026
ACC Ltd reported a 68.27% year-on-year decline in consolidated net profit to INR 238.3 crore for the March quarter of FY26, even as it recorded its highest-ever quarterly revenue of INR 7,124.47 crore. The Adani Group cement firm attributed revenue growth to a higher share of premium products and improved trade sales, alongside record sales volumes of 11.9 million tonnes. Total expenses rose 22.7% during the quarter, impacting profitability. For the full financial year, net profit declined 11% to INR 2,137.23 crore, while total income increased to INR 26,363.8 crore. The company remains debt-free and continues to progress on its proposed merger with Ambuja Cements, expected to conclude by FY27. ACC indicated near-term demand may remain moderate amid macroeconomic and geopolitical factors, though long-term infrastructure demand remains supportive.Read more
06 May 2026
The Telangana High Court has raised serious concerns over alleged illegal construction within the Salkam Cheruvu lake area in Hyderabad, directing authorities to investigate lapses in enforcement. In proceedings held in the past week, the court questioned why encroachments, including institutional developments, were allowed to continue for years without regulatory intervention. It ordered a joint survey to determine lake boundaries and identify violations, while directing senior officials across departments to submit detailed reports. The case highlights regulatory gaps in managing urban lake zones and enforcing development controls in environmentally sensitive areas.Read more
06 May 2026
TotalEnergies and Nextnorth have secured financing and begun construction of a 440 MWp solar park in the Philippines, with an investment of around USD 300 million. The project is expected to be operational by the end of 2027 and generate 1.2 terawatt-hours of electricity over 20 years. Around half of the power will be supplied to industrial users, while the rest will feed into the national grid. The development aligns with the Philippines’ renewable energy push and reflects TotalEnergies’ continued expansion in clean energy across Asia.Read more
06 May 2026
The Gujarat High Court has directed authorities to conduct a detailed aeronautical survey before proceeding with demolition of structures located near Sardar Vallabhbhai Patel International Airport in Ahmedabad. The order, issued in the past week, comes amid disputes over buildings identified as potential obstacles to flight safety. The court instructed aviation and local authorities to assess whether the structures violate permissible height limits under aviation norms before taking coercive action. The directive is expected to impact ongoing enforcement measures and underscores the need for technical evaluation in matters involving urban development near airport zones.Read more
05 May 2026
The Goa Town and Country Planning (TCP) department has proposed to classify around 28.4 lakh square metres of land as non-developable under revisions to the state’s regional planning framework. The proposal, outlined in the past week, is aimed at protecting ecologically sensitive areas, including forest land and natural landscapes, while limiting unplanned urban expansion. The reclassification forms part of ongoing efforts to correct earlier zoning decisions and strengthen land-use controls. Public objections and suggestions have been invited before finalising the proposal, which is expected to influence future real estate development and construction activity across the state.Read more
05 May 2026
Enviro Infra Engineers has agreed to acquire renewable energy firm Suyog Urja for INR 311 crore through its subsidiary, marking its entry into the wind EPC segment. The deal will be executed in phases, beginning with a 51 percent stake and followed by full ownership over the next 27 months. Suyog Urja brings a strong execution track record and growing revenues, which is expected to support Enviro Infra’s expansion into renewable energy. The acquisition aligns with the company’s strategy to diversify beyond its core infrastructure business and strengthen its order pipeline.Read more
05 May 2026
The Maharashtra government has initiated steps towards expanding Nanded Airport, with officials directed to conduct surveys and submit a detailed proposal for infrastructure enhancement. The directive was issued during a review meeting led by the district guardian minister, focusing on improving passenger amenities and operational capacity. The proposal will be submitted to the Maharashtra Airport Development Company for further action. Currently, the airport operates flights to seven destinations, highlighting its regional connectivity role. Local representatives have also raised concerns regarding passenger facilities, security and last-mile connectivity. The move reflects efforts to strengthen regional aviation infrastructure and support growing travel demand in central Maharashtra.Read more
05 May 2026
VICI Properties has increased its full-year adjusted funds from operations (AFFO) forecast, supported by continued expansion in experiential real estate assets. The company expects steady growth from its diversified portfolio, which includes major Las Vegas casinos and newer investments in leisure segments such as wellness resorts and indoor attractions. While quarterly earnings missed analyst expectations, revenue remained stable with a modest year-on-year increase. The updated outlook reflects confidence in long-term demand trends, where consumers are prioritising experiences over traditional goods, strengthening the company’s growth visibility.Read more
05 May 2026
A joint venture led by Ceigall India has secured a contract worth approximately INR 918 crore for a key underground package of Jaipur Metro Phase II. Awarded in the past week, the project involves construction of tunnels and underground stations along the proposed corridor, forming part of the city’s metro expansion plan. The development is aimed at improving urban mobility and decongesting road networks in Jaipur. The contract win reflects continued investment in mass transit infrastructure, with execution expected to follow defined timelines under the metro authority’s expansion programme.Read more
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05 May 2026
Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more
05 May 2026
The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more
05 May 2026
The Ghaziabad Development Authority (GDA) has approved an investment of around INR 100 crore to procure high-reach fire safety cranes following a major residential fire in Indirapuram. The decision, taken in the past week, aims to strengthen emergency response capabilities in high-rise buildings, where existing equipment has limited reach. The planned cranes, capable of accessing significantly higher floors, are expected to address gaps highlighted by the recent blaze. The move forms part of a broader push to upgrade urban safety infrastructure in rapidly verticalising residential clusters across the National Capital Region.Read more
05 May 2026
The Supreme Court has reiterated its focus on ensuring delivery of homes to around 22,000 buyers affected by delayed Unitech projects. It has asked the government-appointed board, banks, and financial institutions to submit practical solutions to resolve the long-pending issue. Inputs have also been sought from homebuyers and land authorities. With total dues at about INR 14,129.85 crore and past concerns over fund diversion, the matter remains complex. The case, under review since 2016, is now moving towards a more structured resolution aimed at completing stalled housing projects.Read more
05 May 2026
The Delhi government is set to unveil a 97 km metro expansion plan under Phase V-B, aimed at extending connectivity to emerging urban clusters and improving last-mile access. Announced in the past week, the proposal includes multiple new corridors and extensions across the National Capital Region, with a focus on decongesting existing routes and supporting urban growth. The plan will be implemented by the Delhi Metro Rail Corporation (DMRC) and is expected to undergo approvals before execution. The expansion reflects continued investment in mass transit infrastructure to address rising commuter demand in the capital.Read more
05 May 2026
Authorities in Belagavi have cancelled 31 unauthorised property identification numbers following the detection of irregularities linked to alleged collusion between officials and private entities. The action, taken in the past week, forms part of an ongoing probe into the issuance of property IDs without due verification. The move aims to address discrepancies in property records, strengthen administrative oversight, and prevent misuse of municipal systems. Officials have indicated that further scrutiny is underway, with additional cases likely to be examined as part of the investigation.Read more
05 May 2026
Power Grid Corporation of India has approved a plan to raise up to INR 4,000 crore through an unsecured rupee term loan or credit line from State Bank of India. The decision, cleared by the company’s board, is part of its funding strategy to support ongoing and upcoming projects. As India’s largest power transmission utility under the Ministry of Power, Powergrid continues to rely on institutional funding to strengthen its infrastructure network. The move reflects steady capital planning amid rising investments in transmission capacity across the country.Read more
05 May 2026
Entergy has increased its four-year capital expenditure plan by around 33% to USD 57 billion, largely driven by rising demand from Meta’s data center expansion in Louisiana. The utility will build multiple gas-based power plants to support these projects, while also seeing strong growth in industrial power consumption. Higher data center activity has boosted sales and profits, though debt and operating costs have also increased. The company maintains that new regulatory structures will ensure data centers bear higher costs, potentially easing the burden on regular consumers.Read more
05 May 2026
Rajasthan Metro Rail Corporation Limited (RMRCL) is set to issue the work order for Jaipur Metro Phase II shortly, marking a key shift from approvals to execution. The project, approved by the Union Cabinet, has an estimated cost of INR 13,037.66 crore and will cover around 41 km with 36 stations. Civil tenders have already seen strong participation, and initial packages are in advanced stages. The corridor is expected to improve connectivity across key industrial, residential, and commercial areas while supporting long-term urban growth and easing traffic pressure in the city.Read more
05 May 2026
Adani Ports and Special Economic Zone reported a 9.43 percent rise in its consolidated net profit for the March quarter of FY26, supported by higher overall income. The company posted a net profit of INR 3,308.30 crore compared to INR 3,023.10 crore in the same period of the previous year. Total income increased significantly to INR 11,489.45 crore from INR 8,769.63 crore, while expenses also moved up to INR 7,937.66 crore. For the full FY26 period, net profit stood at INR 12,782.03 crore versus INR 11,061.26 crore in the prior year.Read more
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