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16 Mar 2026
Bharat Forge's aerospace division has inaugurated a new landing gear components machining facility in Mundhwa, Pune, developed in partnership with Liebherr-Aerospace & Transportation SAS. The plant will manufacture high-precision landing gear components used in civil and military aircraft programs. With this development, Bharat Forge becomes one of the few companies in India with OEM-approved capabilities to machine such critical aerospace parts at scale. The facility expands the company's aerospace portfolio and supports India's growing role in global aviation supply chains as aircraft production and demand for specialised components continue to increase.Read more
15 Mar 2026
Prime Minister Narendra Modi recently launched and dedicated infrastructure and energy projects worth around INR 5,650 crore in Tamil Nadu. The initiatives include a large city gas distribution network, a lubricant manufacturing facility, rural road projects and new railway services. The city gas network alone is valued at about INR 3,700 crore and will expand piped natural gas access for households, commercial establishments and industries. Several train services were also flagged off to improve connectivity between southern districts and other parts of the country. The projects aim to strengthen energy supply, transportation links and regional economic activity.Read more
13 Mar 2026
Ashok Leyland has announced plans to invest between INR 400 crore and INR 500 crore to establish a new battery pack manufacturing facility at Pillaipakkam near Chennai in Tamil Nadu. The greenfield facility will support the company's electric mobility strategy and strengthen localisation of battery pack production in India. The project forms part of investment commitments made by the Hinduja Group under a memorandum of understanding signed with the Tamil Nadu government in September 2025. The plant is expected to enhance domestic EV manufacturing capability and contribute to the development of the country's electric vehicle ecosystem.Read more
13 Mar 2026
Logistics and sustainable infrastructure firm Cargo Matters plans to invest INR 100 crore to establish an electric vehicle manufacturing and charging hub in Andhra Pradesh following a memorandum of understanding signed with the state government. The facility is proposed in Madanapalle and will function as an integrated green freight hub supporting heavy commercial vehicle electrification. The development will include a manufacturing unit for EV chargers, a retrofit facility for converting heavy vehicles to electric powertrains and a research and development centre focused on validation and certification. Of the total planned investment, around INR 50 crore has been earmarked for charging infrastructure designed to support regional heavy-duty electric freight corridors. The company has submitted a detailed project report to the Andhra Pradesh Industrial Infrastructure Corporation seeking allocation of 18 acres of industrial land for the project.Read more
12 Mar 2026
Solex Energy has received approval under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM) framework for its 3.78-gigawatt solar module manufacturing facility in Surat, Gujarat. The listing confirms that the company's solar modules meet the government's quality and reliability standards for use in domestic solar projects. The ALMM mechanism is aimed at strengthening India's solar manufacturing ecosystem and ensuring energy security. Solex Energy said the approval supports its clean energy ambitions as it plans to significantly expand its solar module manufacturing capacity to 15 GW with an estimated investment of about INR 8,000 crore.Read more
12 Mar 2026
Torrent Power has raised INR 2,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The company issued 2,00,000 debentures with a face value of INR 1 lakh each. These debentures are secured, rated, listed, taxable, non-cumulative, redeemable, and non-convertible, carrying a coupon rate of 7.97 per cent per annum. Fundraising through NCDs is commonly used by companies to strengthen liquidity and support expansion plans. Torrent Power has previously used similar debt instruments to finance its power generation, transmission, and distribution projects.Read more
11 Mar 2026
The Haryana government has initiated plans to develop waste-to-energy (WTE) facilities in several major cities as part of efforts to improve municipal solid waste management and reduce reliance on landfill dumping. The Urban Local Bodies (ULB) department has constituted a committee to prepare a model request for proposal (RFP) and assess project feasibility in cities including Gurugram, Faridabad and Hisar. The panel has been tasked with identifying potential project sites, estimating waste generation and preparing frameworks for public-private partnership (PPP) implementation. The initiative is aligned with broader waste management efforts under the Swachh Bharat Mission (Urban). However, environmental groups and waste management experts have raised concerns over the environmental impact of incineration-based plants and have argued that the Solid Waste Management Rules, 2016 prioritise waste segregation, recycling and composting before considering energy recovery technologies.Read more
11 Mar 2026
The Karnataka government is in discussions with multiple companies to establish new industrial projects in the northern districts of Vijayapura and Bagalkote as part of efforts to reduce regional imbalances in development. State Industries Minister M B Patil informed the Legislative Council that the state's 2025-30 industrial policy continues the 'Beyond Bengaluru' strategy aimed at promoting investment outside the capital. The government is currently in talks with around nine to ten companies for potential projects in the region. Among the developments, a Reliance Industries facility at Kembhavi is scheduled to begin construction soon and is expected to generate about 1,600 jobs. Other proposed investments include an agricultural processing unit by Viterra and a wind turbine rotor-blade manufacturing facility by Suzlon Energy, reflecting efforts to diversify the industrial base in north Karnataka.Read more
11 Mar 2026
NTPC Green Energy has announced the commissioning of a 250 MW solar photovoltaic project in Andhra Pradesh through Ayana Kadapa Renewable Power, a wholly owned subsidiary of ONGC NTPC Green. The company confirmed that the second phase of 91.6 MW became commercially operational in the past week, completing the entire project capacity. The first phase of 158.4 MW had already begun operations shortly before. The development forms part of NTPC's broader renewable energy expansion strategy as India increases its focus on solar power capacity and cleaner energy sources to meet its growing electricity demand.Read more
11 Mar 2026
Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth about INR 1,401.84 crore from Maharashtra Industrial Township Limited for infrastructure development at the Dighi Port Industrial Area in Raigad district, Maharashtra. The project is part of the Delhi-Mumbai Industrial Corridor initiative and covers the creation of core industrial infrastructure such as roads, water supply networks, drainage systems, sewerage facilities, power distribution and ICT utilities. The construction period is 930 days, after which the company will operate and maintain the developed infrastructure for four years, with a possible extension period.Read more
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10 Mar 2026
Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a licence agreement with East Horizon Pvt Ltd to develop a floating storage and regasification unit (FSRU) at the Haldia Dock Complex with an investment of around INR 260 crore. The agreement, executed on March 6, is aimed at strengthening liquefied natural gas (LNG) infrastructure in eastern India and supporting the region's transition towards cleaner energy sources. The proposed facility will enable the import, storage and regasification of LNG before supplying it into onshore pipelines for distribution. Port officials said the project is expected to enhance LNG handling capabilities at Haldia while contributing to the national objective of increasing the share of natural gas in India's energy mix. The development forms part of wider efforts to expand gas infrastructure and support industrial energy demand in eastern India.Read more
10 Mar 2026
Ramky Infrastructure Limited has secured an Engineering, Procurement and Construction (EPC) contract worth INR 1,401.84 crore for infrastructure development at the Dighi Port Industrial Area (DPIA) in Maharashtra. The project has been awarded by Maharashtra Industrial Township Limited (MITL), a special purpose vehicle jointly backed by the Government of India and the Maharashtra government. The contract covers Phase 1 development of Parcel B of DPIA under the Delhi-Mumbai Industrial Corridor (DMIC). The scope of work includes the development of roads, stormwater drainage systems, water treatment and distribution, sewerage networks, recycled water supply, power distribution and ICT utility ducts. The project is to be completed within 930 days, followed by a four-year operations and maintenance period, aimed at strengthening industrial infrastructure in the Raigad district.Read more
09 Mar 2026
Apraava Energy has launched operations of a 400-kV transmission line and pooling substation in Rajasthan, aiming to strengthen the state's renewable energy evacuation capacity. The 22-km Fatehgarh IV line connects to the Fatehgarh-III substation, offering 2.5 GW capacity via five 500 MVA transformers. The project is part of Phase-III Part A1 of Rajasthan's renewable energy transmission plan and is designed to improve power dispatch from Jaisalmer Barmer zones. Apraava now manages 516 km of transmission assets across five states with a combined 3.5 GW substation capacity.Read more
06 Mar 2026
Delhi-NCR based Gaurs Group has unveiled a strategic investment of INR 100 crore to establish a precast concrete manufacturing facility in Noida, Uttar Pradesh, aimed at enhancing construction capabilities and accelerating project delivery timelines. The company has signed a memorandum of understanding (MoU) with Elematic India, the Indian arm of Finland-based precast technology provider Elematic Group, in an event attended by senior dignitaries including Finland's prime minister. Spread over a roughly five-acre site, the plant will produce advanced precast concrete components such as slabs, columns, beams and walls, and is expected to be operational within about six months. Gaurs Group has also placed advance orders for modular bathrooms and kitchen pods worth around INR 150 crore to supply ongoing developments. The move represents a backward integration drive to improve quality, efficiency and construction productivity across the group's residential pipeline.Read more
05 Mar 2026
Japan and the United States are exploring the inclusion of a nuclear power project in the second phase of Japan's 550 billion USD investment package. The project is expected to involve Westinghouse and aims to strengthen energy supply chains amid ongoing Middle East tensions. Talks may be formalized when Japanese Prime Minister Sanae Takaichi meets U.S. President Donald Trump later this month. Other potential projects include a copper smelting and refining facility. Japanese companies such as Mitsubishi Heavy Industries, Toshiba, and IHI could participate, while U.S. and Japanese officials continue consultations.Read more
05 Mar 2026
MRF Ltd has signed a non-binding memorandum of understanding (MoU) with the Tamil Nadu government to invest approximately INR 5,300 crore over 12 years to establish a greenfield tyre manufacturing facility in the SIPCOT Industrial Park at Sivaganga district. The proposed plant is expected to generate direct employment for around 1,000 people. The project remains subject to approvals, including a customised incentive package, land allocation and statutory clearances from the state government. The investment reinforces Tamil Nadu's manufacturing ecosystem and expands MRF's production footprint, which currently includes about 10 facilities across India producing passenger car radial, truck and bus radial, off-the-road and two-wheeler tyres.Read more
05 Mar 2026
Baltic focused property investor EfTEN Real Estate Fund AS finalised the sale of its Latvian logistics subsidiary, EfTEN Krustpils SIA, earlier this week, receiving EUR 5.6 million in net proceeds. The business held the DSV logistics building in Riga and was sold to Latvian buyer ROLANDS S, SIA after a deal was agreed in early February and conditions were met. The transaction price was approximately EUR 500,000 above the asset's book value, and the proceeds are earmarked for future investments. This follows recent portfolio adjustments by the fund in the Baltic commercial property market.Read more
05 Mar 2026
Bandra residents in Mumbai have opposed the Maharashtra Maritime Board's (MMB) plan to introduce commercial activities along the Carter Road promenade, arguing it could compromise its public nature. Represented by IMPACT Citizens Movement for Environment and Civic Action, locals met officials to reject private partnership models for revenue generation, noting that municipal taxes should cover maintenance. They highlighted visual pollution, unequal treatment of suburbs versus South Mumbai, and the promenade's protected status. Earlier attempts to install 35 LED hoardings were halted after public objection, reflecting citizen vigilance over waterfront commercialisation.Read more
05 Mar 2026
The Maharashtra Industrial Development Corporation (MIDC) has advanced plans to acquire around 3,000 hectares of land across 14 villages in Chamorshi tehsil, Gadchiroli district to facilitate a proposed INR 1-lakh-crore steel plant by JSW Group, officials said in recent filings. The acquisition will be conducted under a pass-through model, with MIDC purchasing land from local owners and transferring it to the company, which will reimburse the costs. The site has already been earmarked for industrial use, and MIDC has submitted a formal proposal to the local sub-divisional officer ahead of issuing an acquisition notification. The proposed 25 million tonne per annum integrated steel facility first announced by JSW's managing director at a state industrial event last year is expected to significantly boost the industrial profile of Gadchiroli, attracting ancillary investments and supporting regional economic growth. Other steelmakers are also showing interest in the district, signalling broader industrial momentum.Read more
04 Mar 2026
Godawari Power and Ispat has increased its sponge iron capacity at its Raipur plant to 6.5 lakh tonnes from 5.94 lakh tonnes, with the expansion becoming operational from February 28 after regulatory approval. The plant also has a hard bright wire capacity of 1.15 lakh tonnes. Sponge iron serves as a crucial raw material for steel production in Electric Arc Furnaces and Induction Furnaces, while HB wire is used in nails, fasteners, and construction applications. The company has not shared any financial details regarding the expansion.Read more
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