21 Feb 2026

Tamil Nadu's interim budget has set out the State government's near-term economic and industrial priorities, with a clear focus on manufacturing and infrastructure-led growth. A key announcement is the plan to introduce a dedicated shipbuilding policy aimed at attracting large investments and strengthening the maritime ecosystem. The budget also earmarks significant funds for industrial development while addressing fiscal pressures faced by the State. Alongside industry, allocations continue for social sectors, reflecting the government's attempt to balance growth, welfare spending, and financial discipline during an election year.Read more

21 Feb 2026

The Mysuru City Corporation (MCC) has commenced construction of a dedicated construction and demolition (C&D) waste processing plant on a 9-acre site in Hanchya-Sathagalli, near the city's Outer Ring Road, with an estimated cost of INR 11.7 crore. The initiative aims to tackle the nearly 100 tonnes of C&D waste generated daily in Mysuru by recycling debris into usable materials such as crushed bricks and aggregates for road building and other infrastructure works. The project sanctioned by the Mysuru Development Authority will have a capacity to process up to 100 tonnes per day and is expected to be operational within four months, supporting the city's efforts to curb illegal dumping and improve cleanliness as it prepares for assessment under the Swachh Survekshan national cleanliness ranking. MCC has already deployed tippers to collect debris and begun initial dumping at the site.Read more

20 Feb 2026

The Andhra Pradesh State Investment Promotion Board has approved 27 new projects worth INR 29,021 crore at its 15th meeting chaired by Chief Minister Shri N Chandrababu Naidu. With this, total cleared investments in the state have crossed INR 9 lakh crore, expected to generate over 8.5 lakh jobs. The government is pushing its Speed of Doing Business policy, fast-tracking major proposals and closely monitoring land allotments. Alongside industrial growth, Andhra Pradesh is expanding tourism infrastructure across Visakhapatnam, Amaravati and Tirupati, with plans for hotels, shopping hubs and convention centres. The state is positioning itself as a key destination for manufacturing, infrastructure and tourism-led development.Read more

20 Feb 2026

Waaree Energies will establish India's largest integrated lithium-ion battery Gigafactory in Andhra Pradesh with an investment of INR 8,175 crore. Located at Rambilli in Anakapalli district, the 16 GWh facility will cover advanced cell manufacturing, battery pack assembly and large-scale Battery Energy Storage Systems (BESS). The project has received in-principle approval from the Andhra Pradesh State Investment Promotion Board and is expected to create around 3,000 direct jobs. The plant will strengthen domestic battery manufacturing, reduce import dependence and support renewable energy, electric mobility and grid stability. Backed by the state's Integrated Clean Energy Policy, Andhra Pradesh is emerging as a major clean-energy manufacturing hub.Read more

20 Feb 2026

Reliance Industries Chairman Mukesh Ambani has announced a massive INR 10 lakh crore investment in artificial intelligence over the next seven years at the India AI Impact Summit. The plan focuses on building gigawatt-scale AI-ready data centres in Jamnagar, Gujarat, powered by green energy, along with a nationwide edge-compute network integrated with Jio's telecom infrastructure. Reliance will also develop sovereign AI capacity within India to enhance data security. Through the Jio Intelligence platform, AI services will support sectors such as education, healthcare, agriculture and retail. Existing tools like JioShikshak, JioArogyAI and JioKrishi highlight the company's ambition to position India as a global AI and digital infrastructure leader.Read more

20 Feb 2026

Hindustan Power has announced a roadmap to build a 5 GW domestic energy portfolio by 2028, led by chairman Ratul Puri. The expansion will focus on renewable and transitional energy assets aligned with India's low-emission and energy security goals. With existing projects across multiple states, the company aims to strengthen domestic generation capacity while maintaining grid reliability. The plan is supported by disciplined financial planning, strong governance and a long-term capital strategy, positioning the company as an active private-sector participant in India's evolving power sector.Read more

20 Feb 2026

FedEx has announced a plan to invest over INR 2,500 crore in developing a 300,000 sq ft fully automated cargo hub at Navi Mumbai International Airport in partnership with Adani Airport Holdings. Designed as a regional consolidation and redistribution centre, the facility will leverage the airport's multimodal infrastructure to strengthen western India's trade corridor. The hub is expected to create over 6,000 jobs, support high-value and time-sensitive cargo, and enhance trade connectivity across key global markets while aligning with the airport's phased cargo capacity expansion plans.Read more

20 Feb 2026

Greenzo Energy and Lord's Mark Industries have partnered to develop around 60 MW of green hydrogen capacity and solar rooftop projects with battery storage across Uttar Pradesh, including Gorakhpur, Aligarh, Jhansi, and Lucknow. Greenzo Energy will manage technology and EPC aspects, while Lord's Mark will oversee project financing, regulatory approvals, and development. The initiative builds on Lord's Mark's prior MoU with the state government, representing an investment of over INR 2,000 crore. The five-year agreement is aimed at supporting Uttar Pradesh's renewable energy growth and contributing to India's decarbonization goals.Read more

20 Feb 2026

Power Mech Projects has secured two major thermal power orders aggregating to over INR 1,000 crore, excluding GST. One contract worth INR 515 crore has been awarded by Mirzapur Thermal Energy (UP) Private Ltd for the Mirzapur Phase-I project, while another valued at INR 490 crore has been received from Mahan Energen Ltd for the Mahan Phase-III project. Both orders involve erection, testing, commissioning, and performance guarantee-related services for 2x800 MW ultra supercritical units, with execution timelines of 36 months from the respective Notices to Proceed.Read more

20 Feb 2026

Transport Corporation of India has entered into a collaboration with Flying Whales and its services arm to assess the use of heavy-lift airships for logistics operations in India. The partnership will study deployment of the LCA60T rigid airship, designed to transport loads of up to 60 tonnes without the need for runways or fixed ground infrastructure. The initiative targets defence, infrastructure, power projects, remote connectivity and disaster response, with India also being evaluated as a potential manufacturing and operations base.Read more

19 Feb 2026

Sambhav Homes and Infrastructure, part of the e-Cosmos Group, has handed over 85 acres of land to ESR Group for the development of the ESR Hosur Advanced Manufacturing Park in Tamil Nadu. The project, backed by an investment of INR 600 crore, has a development potential of 2.1 million sq ft and marks a major expansion of ESR's industrial and logistics platform in South India. Strategically located in the Hosur-Shoolagiri industrial belt near key markets such as Bengaluru and Chennai, the park is expected to strengthen the region's manufacturing ecosystem and enhance Tamil Nadu's position as a leading industrial hub.Read more

19 Feb 2026

Carrier Air Conditioning & Refrigeration Ltd is establishing a INR 1,000-crore manufacturing facility in Sri City, Andhra Pradesh, spanning 39 acres. The project, focusing on sustainable and energy-efficient cooling solutions, will create 1,000 direct and 2,000 indirect jobs. The lease agreement was executed between Carrier India and Sri City officials. Highlighted by state leaders, the project showcases Andhra Pradesh's fast-track industrial execution and investor-friendly environment. Complementing Carrier's Haryana operations, the facility aims to meet growing domestic and global demand, strengthen the state's HVAC leadership, and integrate green manufacturing practices.Read more

19 Feb 2026

CleanMax Enviro Energy Solutions, a leading commercial and industrial renewable energy provider, has announced a Rs 3,100-crore initial public offering (IPO), with a price band of INR 1,000-1,053 per share, valuing the company at INR 12,325 crore at the upper end. The IPO includes a fresh issue of INR 1,200 crore and an offer-for-sale of INR 1,900 crore by promoters and early investors. CleanMax serves clients in multiple sectors, operates over 2.5 GW of capacity, and reported a net profit of INR 27.84 crore in FY25.Read more

19 Feb 2026

UPSIDA has launched a comprehensive e-auction for commercial and industrial plots in multiple districts of Uttar Pradesh to accelerate industrialisation and investment. The auction includes plots for offices, BPOs, schools, hospitals, workshops, hotels, warehousing, group housing, and multipurpose facilities across districts like Mathura, Amethi, Lucknow, Jhansi, and Fatehpur. The online auction process is fully transparent, with registration and document submission already underway, and e-bidding scheduled in the coming week. This initiative is positioned to provide a structured, investor-friendly opportunity to expand industrial and commercial development in the state.Read more

19 Feb 2026

Dangote Group has entered a USD 400 million equipment deal with China's XCMG to accelerate the expansion of its oil refinery to 1.4 million barrels per day. The agreement provides new heavy machinery for projects in refining, petrochemicals, agriculture, and infrastructure. The refinery's expansion will boost polypropylene to 2.4 million tons per year, triple Nigeria's urea production to 9 million tons annually, and increase linear alkyl benzene output to 400,000 tons. The move supports Dangote's strategic goal of becoming a USD 100 billion company by 2030 while reducing Nigeria's dependence on imported fuel.Read more

17 Feb 2026

Siemens Energy India Ltd reported a 35 per cent rise in net profit to INR 313 crore for the December quarter of FY26, supported by a 26 per cent increase in revenue to INR 1,911 crore. Profitability was affected by a one-time labour-related cost of INR 52 crore. Operating in an October-September financial year, the company cited strong energy market conditions. Its board approved an INR 2,060 crore investment to expand large power transformer capacity by about 30,000 MVA, underlining confidence in sustained demand.Read more

17 Feb 2026

The Odisha government has approved 23 industrial investment proposals valued at INR 4,111.80 crore, expected to generate about 9,924 jobs across the state, officials said after a meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Anu Garg. The projects span a diverse range of sectors, including mechanical and electrical capital goods, apparel and textiles, aerospace and defence manufacturing, shipbuilding and repair, pharmaceuticals, chemicals, refractories, aluminium downstream industries, mineral beneficiation and logistics and warehousing, among others, reflecting the state's diversified industrial strategy. The proposals will be implemented across 11 districts, supporting regionally balanced development. Approved investments include metal beneficiation plants, manufacturing units for railway components and advanced technologies, as well as hospitality projects. Authorities said the clearances will strengthen Odisha's industrial ecosystem and create expanded employment opportunities.Read more

16 Feb 2026

US-based semiconductor equipment major KLA Corporation has committed an investment of USD 400 million (around INR 3,600 crore) to establish its global research and development and innovation hub in Chennai, Tamil Nadu Industries Minister T R B Rajaa announced. The 12-acre campus is expected to generate 4,000 high-skilled jobs and become KLA's largest integrated R&D facility outside its global headquarters. The MoU was signed with Guidance Tamil Nadu in the presence of Chief Minister M. K. Stalin. The facility will focus on advanced research in high-performance computing, AI-driven semiconductor innovation and process control engineering software, reinforcing Tamil Nadu's ambition to build a robust semiconductor ecosystem.Read more

16 Feb 2026

ECDS has announced plans to set up its first Indian manufacturing facility in Ujjain with an initial investment of INR 780 crore, in partnership with three South Korean companies. The unit will come up on 15.60 acres at the Medical Equipment Park in Vikram Udyogpuri, with construction expected to begin soon and production targeted for April 2027. The project is expected to create around 500 jobs in its first phase, with a further INR 1,250 crore investment planned for expansion.Read more

16 Feb 2026

Inox Clean Energy has entered African renewable energy markets through a joint venture with RJ Corp, marking a key international expansion move. The partnership has acquired Skypower Services MENA Ltd and plans to commission about 570 MW of renewable capacity in the first phase. Backed by sovereign-supported power purchase agreements, the projects aim to deliver over 20 per cent IRRs while limiting counterparty risks. With land and evacuation infrastructure secured, the platform targets 2.5 GW of installed capacity in Africa by FY29, funded largely through multilateral agencies.Read more