The Ministry of New and Renewable Energy (MNRE) has asked the Central Electricity Regulatory Commission (CERC) to revisit its draft rules for wind and solar projects under the Deviation Settlement Mechanism, as the proposed norms may discourage new investments. The draft framework, scheduled for implementation in April 2026, seeks to narrow the gap between committed and actual power generation. With India targeting 500 GW of renewable capacity by 2030, experts believe the sector must add around 50 GW annually. Concerns have also grown over nearly 40 GW of projects awaiting power sale agreements, which are essential for financing.Read more

Digital Connexion is set to invest USD 11 billion, around INR 98,000 crore, to build 1 Gigawatt of AI-native data centres in Visakhapatnam, Andhra Pradesh, covering 400 acres. The facilities are purpose-built for AI workloads, featuring high-density racks, redundant power feeds, and robust substations to ensure reliable operations over the next decade. The project follows Google's USD 15 billion AI hub announcement in the state. Digital Connexion also operates in Chennai and is constructing a Mumbai campus, emphasizing low-latency, carrier-neutral connectivity and strategic digital infrastructure expansion.Read more

Prime Minister Shri Narendra Modi inaugurated the Safran Aircraft Engine Services India (SAESI) facility in Hyderabad, which will be operational in 2026. With an initial investment of INR 1,300 crore, the facility is designed to service LEAP engines used in Airbus A320neo and Boeing 737 MAX aircraft. It will employ over 1,000 skilled Indian technicians and engineers and handle up to 300 engines annually. The initiative aims to strengthen India's indigenous MRO capabilities, reduce foreign exchange outflows, support the rapidly growing aviation sector, and position the country as a global aviation hub.Read more

ACME Solar Holdings has won the 130 MW round-the-clock renewable energy bid issued by REMCL for Indian Railways at INR 4.35 per unit. The project requires continuous power supply, achieved through solar, wind, and battery storage systems, with minimum availability targets of 75% for the first three years and 85% thereafter. ACME Solar will sign a direct PPA with Railways and commission the project within 30 months. With an operational capacity of 2,934 MW and 4,456 MW under construction, the company leverages its in-house EPC and O&M teams to ensure cost-effective and efficient project delivery.Read more

JK Lakshmi Cement has announced an investment of INR 1,816 crore to expand its production capacity in Chhattisgarh. The plan includes increasing clinker capacity by 2.31 MTPA and cement grinding capacity by 1.2 MTPA. The agreement was finalised at an investor event held in New Delhi in the presence of the state's Chief Minister. The company, which has operated an integrated plant in Durg since 2015, aims to strengthen supply across Eastern and Central India and move closer to its long-term goal of reaching a total capacity of about 30 MTPA.Read more

Union Steel Minister H D Kumaraswamy called for stronger research and development and adoption of technologies like AI to boost India's steel sector. At the two-day 'Chintan Shivir' in Odisha, he emphasized collaboration among stakeholders to enhance competitiveness and efficiency. Discussions involved private companies and CPSEs, focusing on innovation, operational excellence, indigenous technologies, and modern mining methods. Officials highlighted India's rising steel consumption driven by infrastructure projects and Odisha's advantages for industrial growth, underscoring the sector's critical role in supporting national development.Read more

AstraZeneca recently confirmed that it would commit USD 2 billion towards expanding its manufacturing base in Maryland as part of its much larger USD 50 billion programme to strengthen research and production capabilities across the United States by 2030. The initiative, aligned with the former US administration's appeal for greater domestic drug manufacturing, spans upgrades to the company's biologics facility in Frederick and a new clinical supply site in Gaithersburg. The investment will support 2,600 jobs in total, including hundreds of highly specialised roles, and marks the fourth project under AstraZeneca's long-term expansion strategy.Read more

Mumbai's civic authority has stated that construction and industrial activity in any locality will be stopped if the Air Quality Index (AQI) stays above 200 despite required mitigation measures. This step forms part of the city's GRAP-4 actions and builds on the 28-point pollution-control guidelines announced in October 2024. The BMC has created flying squads for every ward to monitor on-ground compliance, waste burning, dust emissions and fuel usage. Officials have been instructed to ensure strict implementation as several areas recently reported higher-than-usual pollution levels.Read more

BirlaNu has announced plans to develop a greenfield fibre cement board plant in Andhra Pradesh's Nellore district. The decision, made public during the past week, reflects the company's focus on expanding its manufacturing base and supporting regional economic growth. The first phase includes an investment of around INR 127 crore and is expected to generate nearly 600 direct and indirect jobs. The facility will use fly ash from coal-based thermal power plants, supporting circular-economy practices. The company also plans a second-phase expansion to add PVC pipes, fittings, and construction chemicals units.Read more

Delhivery has inaugurated its sixth all-women distribution centre in Kochi, Kerala, enhancing its nationwide network of women-focused hubs. The facility includes secure rest areas, changing rooms, ergonomic workspaces, safety measures, and flexible schedules, and can process over 1,000 parcels daily. This step is part of Delhivery's ongoing strategy to increase female participation in the logistics sector. Senior leadership emphasized that women employees contribute to discipline, accountability, and improved service quality. The move reflects the company's commitment to inclusive and efficient operations.Read more

Jeh Aerospace has launched its second manufacturing facility in Telangana with an investment of USD 50 million (around INR 445 crore), aiming to meet growing global demand for its precision aerospace components. The Mach 2 facility, spread across 2 lakh sq.ft at Horizon Industrial Park, Hyderabad, will nearly quadruple the company's existing footprint in the city and enhance automation and supply-chain resilience. With an orderbook exceeding USD 150 million in 18 months, Jeh Aerospace continues its rapid growth, building on its first unit inaugurated near Hyderabad last year.Read more

Kuwait has invited pre-qualified consortia to submit bids for a new 0.5-GW solar project under its ongoing renewable energy expansion plan. The project, forming part of Al Dibdibah Power and Al Shagaya Renewable Energy Phase III, will operate as a Zone 2 Solar PV Independent Power Project and supply electricity to the Ministry of Electricity under a 30-year agreement. The tender follows Kuwait's recent push to accelerate large-scale power developments after rising demand and recurring power shortages. Several major global energy developers have been cleared to participate, reflecting strong interest in Kuwait's PPP-led infrastructure programme.Read more

TCS and TPG are joining forces to create HyperVault AI Data Centre, with a combined equity investment of 180 billion INR (USD 2.03 billion). The companies plan to raise additional debt funding of USD 4.5-5 billion. TCS will hold a 51% stake and TPG 49%, supporting India's growing AI data infrastructure. Analysts note the venture aligns with global trends of tech firms partnering with private equity to share risks, while TCS's previous announcement of a USD 7 billion investment in a data centre drew investor skepticism due to limited alignment with its core IT services.Read more

ACME Eco Clean Energy has commissioned the second 16 MW phase of its 100 MW wind power project in Gujarat, increasing the total commissioned capacity to 44 MW at Titoda village in Sayla district. The project is part of ACME Solar's broader renewable energy operations, which include solar, wind, energy storage, FDRE, and hybrid solutions. The expansion highlights ACME's systematic approach to scaling clean energy infrastructure while supporting Gujarat's renewable energy goals and strengthening the reliability and sustainability of the state's energy supply.Read more

VA Tech WABAG has received a repeat design-build-operate order valued between USD 30 million and USD 75 million from Nepal's Melamchi Water Supply Development Board. The project involves setting up a 255-million-litre-per-day water treatment plant at Sundarijal in the Kathmandu Valley, funded by the Asian Development Bank. The work includes full EPC responsibilities along with five years of operations and maintenance. Construction is planned for 36 months. The new facility will stand beside WABAG's earlier Melamchi plant, strengthening its ongoing involvement in Nepal's drinking-water sector.Read more

NTPC Renewable Energy has started commercial supply from 75.50 MW of the 1,255 MW Khavda-I solar PV project in Gujarat, raising the NTPC group's total installed capacity to 84,924 MW. The project, part of the CPSU scheme Phase-II Tranche-III, is being executed through NTPC Green Energy Ltd, with supply starting November 19, 2025. Earlier this month, NTPC increased its installed capacity targets to 149 GW by 2032 and 244 GW by 2037. The move strengthens India's renewable energy growth and supports sustainable power expansion.Read more

Pidge has raised INR 120 crore in a funding round led by LVEC, signaling strong investor confidence in its rapid growth and scalable operations. The company reports a tenfold year-on-year growth, an annualized run rate of INR 250 crore, and robust margins. The funds will support expansion into Tier 2 and Tier 3 cities, further AI-driven technology innovation, organizational capability building, and international pilot programs. Serving over 20,000 brands, Pidge aims to digitally equalize last-mile logistics and maintain its position as India's largest interoperable logistics platform.Read more

SAIL's Rourkela Steel Plant is set for a major expansion, aiming to increase its capacity to 9.8 million tonnes per year. The expansion includes a new 1 MTPA slab caster built at INR 1,100 crore and ongoing construction of a coke oven battery and pellet plant. The project supports critical sectors like defence, oil and gas, and automobiles. Earlier, RSP was India's first public sector steel plant, starting operations in 1959 with German collaboration and an initial 1 MTPA capacity. The expansion aligns with the government's 300 MT national steel target.Read more

Indowind Energy Ltd has launched a rights issue of 3.22 crore shares at INR 15.35 per share, raising INR 49.42 crore. Existing shareholders are offered one share for every four held, with a premium of INR 5.35 included in the price. The record date for eligibility is in the current week, and the subscription period runs from December 1 to December 9. The move aims to strengthen the company's equity base while allowing shareholders to increase their holdings.Read more

JCB India anticipates strong growth in the domestic construction equipment market, which could become the second largest globally by 2030. Industry volumes are currently around 95,000-100,000 units, down from last year due to tariff issues and export challenges, particularly with the US. JCB India expects double-digit growth next year in both domestic sales and exports, aided by robust monsoons and infrastructure investments in states like Andhra Pradesh and Maharashtra. The company is also focusing on future-ready machinery, including hydrogen-compatible equipment and a 52-tonne excavator, to meet emerging market demands.Read more