31 May 2026

• CERC has proposed a framework allowing renewable energy developers additional time to meet land, financial closure and commissioning milestones under GNA regulations through payment of Milestone Extension Charges (MEC).
• The draft procedure introduces graded per-MW daily compensation charges linked to delays in land acquisition, financial closure and commercial operation timelines.
• The proposal also outlines eligibility conditions, revocation triggers, bank guarantee treatment and relaxation mechanisms for renewable and storage project developers seeking connectivity extensions.Read more

31 May 2026

• JSW Steel has commenced work on a large greenfield steel plant project in Paradip, Odisha, with planned investment estimated at nearly INR 1 trillion over multiple phases.
• The proposed integrated steel facility is being developed on land earlier associated with the stalled Posco project near Paradip.
• The project is expected to strengthen Odisha’s position as a major steel and industrial hub while supporting port-led manufacturing and logistics infrastructure.Read more

31 May 2026

• Ashok Leyland reported an 11% increase in consolidated net profit to INR 1,381.32 crore for the quarter ended March 31, 2026.
• Consolidated revenue from operations during Q4 FY26 rose to INR 17,246.44 crore from INR 14,695.55 crore a year earlier.
• The company’s board granted in-principle approval to raise INR 300 crore through non-convertible debentures on a private placement basis.
• FY26 commercial vehicle sales and export volumes reached record highs, with overall CV sales crossing 2.20 lakh units.
• The company also declared a second interim dividend of INR 2.50 per equity share for FY26.Read more

31 May 2026

• Colliers India has identified India as one of the leading growth markets in the Asia Pacific region across AI adoption, demographic advantage and energy transition-linked commercial real estate demand.
• The consultancy estimates India’s AI market could expand from more than USD 9 billion currently to over USD 500 billion in the coming decades, supported by digitalisation and workforce expansion.
• India contributes nearly one-third of the world’s skilled talent pool, with major cities such as Bengaluru, Hyderabad and Pune emerging as key technology and GCC hubs in APAC.
• Green-certified assets currently account for nearly two-thirds of India’s Grade A office stock, while older office buildings present retrofitting opportunities exceeding USD 5 billion.
• The report also highlighted climate resilience, energy security and shifting global supply chains as major factors reshaping corporate real estate strategies across the region.Read more

31 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced India’s first Automated Pantograph Condition Monitoring System (APCMS) in the Maha Mumbai Metro. The AI-based system enables real-time inspection of pantographs, cutting inspection time from around 30 minutes to just a few seconds and improving maintenance efficiency by nearly 90–95 percent. It uses laser scanning, 3D imaging and machine learning to detect faults, wear and alignment issues early. The initiative strengthens predictive maintenance, reduces downtime and enhances operational safety and reliability across metro operations in Mumbai.Read more

30 May 2026

• Goa’s online Building Plan Approval Management System (BPAMS) is facing operational challenges, leading to continued reliance on manual processing within the Town and Country Planning Department.
• Architects, engineers and applicants have reportedly raised concerns regarding technical glitches, delays and limited functionality in the online system.
• The digital approval platform was originally introduced to improve transparency, speed up clearances and strengthen ease of doing business in the state.
• Despite mandatory digital rollout plans, several approvals and submissions are still being handled through offline channels.
• The issue highlights broader concerns regarding administrative transition, planning governance and development approval processes in Goa.Read more

30 May 2026

• Reliance Industries has delivered the first 200 MWp batch of high-efficiency solar modules from its green energy manufacturing complex in Jamnagar, Gujarat.
• The company is developing a 5,000-acre integrated clean energy ecosystem covering solar modules, batteries, green hydrogen and bio-energy infrastructure.
• Reliance plans to scale solar manufacturing capacity to 10 GWp annually, with a long-term target of 20 GWp.
• The company is also advancing battery storage, green hydrogen and compressed biogas infrastructure as part of its clean energy platform.
• Reliance stated that it has committed nearly INR 75,000 crore towards the initiative, which could generate over 200,000 green jobs.Read more

30 May 2026

Bihar’s airport expansion plans moved ahead after Parliamentary Committee on Transport, Tourism and Culture chairman Sanjay Kumar Jha met Civil Aviation Minister Kinjarapu Rammohan Naidu in New Delhi to review aviation infrastructure projects across the state. The discussions focused on runway expansion at Patna, Darbhanga and Gaya airports, development of Darbhanga as an international airport, and improved regional air connectivity under the UDAN scheme. The Centre and Bihar government also reviewed plans for Purnea Airport, regional airstrips and tourism-linked aviation projects. The proposed developments are expected to support passenger traffic growth, tourism and economic activity in Bihar.Read more

30 May 2026

Colliers’ latest global report highlights long-term megatrends reshaping corporate real estate across Asia Pacific. It notes that rapid digitalisation and strong AI adoption could expand India’s artificial intelligence market from over USD 9 billion to more than USD 500 billion in the coming decades. India’s young workforce, accounting for nearly one-third of global skilled talent, is strengthening its position as a major tech and GCC hub. The report also underlines India’s leadership in green-certified office spaces, rising climate risks, and growing focus on energy security and sustainable real estate development.Read more

30 May 2026

• Conrad K Sangma laid the foundation stones for four road infrastructure projects worth nearly INR 488 crore in East and West Jaintia Hills.
• The projects cover a combined length of 108.24 km and include road upgrades, bridge construction, and tourism connectivity works.
• Major schemes are being funded through the World Bank-backed Meghalaya Logistics and Connectivity Improvement Project, CRIF, SIDBI Cluster Development Fund, and NESIDS.
• The state government said the projects are aimed at improving access to healthcare, education, tourism locations, and trade corridors in the coal-bearing region.
• Construction activity is expected to begin within 45 days after completion of tendering and contractor onboarding processes.Read more