Larsen & Toubro (L&T) is close to completing a Rs 2,000 crore data centre in Sriperumbudur, Kanchipuram, Tamil Nadu, part of a phased plan to reach 90 MW of capacity within five years. Initial testing of the 12 MW facility is underway, and L&T expects to scale it to 30 MW in the near term. […]
JSW Steel and POSCO have announced a joint investment of $7.73 billion to establish a steel plant in Odisha, India. This venture aims to address the country’s growing demand for steel by constructing an integrated facility with an initial production capacity of 5 million tonnes per year (MTPA). The project, backed by Odisha’s iron ore […]
NTPC Ltd. and Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) have formalized a 50:50 joint venture to co-own and manage the Chhabra Thermal Power Plant, a 2,320 MW coal-based facility in Rajasthan. Under the new agreement, NTPC will hold management control of the plant, while both entities will participate equally in appointing directors. The joint […]
Mysuru is set to see substantial growth in semiconductor manufacturing, with recent agreements to establish production facilities at the Kochanahalli Industrial Area, close to Nanjangud. The Karnataka Industrial Area Development Board (KIADB) has acquired 234 acres in Kochanahalli, designating 140 acres specifically for the development of an Electronics Manufacturing Cluster (EMC), known as Semiconductor Park. […]
Tata Power has announced an investment of ₹550 crore (approximately $66 million) to develop and manage renewable energy and infrastructure at Noida International Airport (NIA). The agreement, structured around two Power Purchase Agreements (PPAs) for wind and solar power, was signed in New Delhi by representatives from both organizations, including Sanjay Banga, President of Transmission […]
Mahindra & Mahindra Limited has announced its financial results for the second quarter (Q2) and the half-year ending September 30, 2024. The company reported a consolidated profit after tax (PAT) of ₹3,171 crore for Q2, reflecting a 35% year-over-year increase from ₹2,348 crore in Q2 of the previous year. Consolidated revenue for the quarter rose […]
Gensol Engineering Ltd. announced that its order book for engineering, procurement, and construction (EPC) services in the solar sector has reached Rs 5,424 crore as of October 31, 2024. The company stated that these projects include work for both Public Sector Undertakings (PSUs) and private sector clients, with completion expected within the next 12 to […]
Royal Enfield plans to launch two electric motorcycle models under the Flying Flea brand by early 2026. The models, named FF-C6 with a classic design and FF-S6 with scrambler styling, will debut over the next two years, with the FF-C6 expected to be released in 2025, followed by the FF-S6 in 2026. In a recent […]
Andhra Pradesh has announced the development of an industrial corridor in Krishna district, with a focus on improving infrastructure to support regional economic growth and job creation. The project, located on 1,122 acres in Mallavali village, includes a ₹14.23 crore investment for road improvements, which are expected to facilitate connectivity for businesses and residents. The […]
The Government of India has provided a financial package of approximately ₹1,650 crore to support Rashtriya Ispat Nigam Ltd. (RINL) amid ongoing financial and operational challenges. The state-owned steel producer, which operates a 7.5 million-tonne plant in Visakhapatnam, Andhra Pradesh, has been facing severe cash flow issues, leading to temporary production cuts and the shutdown […]
