Ambuja Cements, a subsidiary of the Adani Group, has announced a binding agreement to acquire a 46.8% stake in Orient Cement Ltd (OCL) for an equity value of INR 8,100 crore. The acquisition will be fully funded through internal accruals, and the deal aims to accelerate Ambuja’s expansion plans to achieve a cement production capacity […]
ACME Platinum Urja has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for the delivery of electricity from a 150 MW hybrid solar project. The project forms part of a larger 350 MW capacity awarded to ACME Solar Holdings (ASHL) by SECI. The PPA includes provisions for energy […]
Gensol Engineering Ltd and Matrix Gas & Renewables have secured a project to build a Green Hydrogen-powered steel production facility in India. This project is part of three pilot initiatives sanctioned under the National Green Hydrogen Mission, led by MECON in collaboration with the Ministry of Steel (MoS) and the Ministry of New and Renewable […]
Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation Limited (BPCL) are in discussions to secure foreign partners for their proposed greenfield petroleum refineries. Both companies are focusing on potential collaborations with Saudi Arabian entities. Indian petroleum officials, including representatives from ONGC and BPCL, recently held meetings with Saudi Aramco executives in Dhahran, Saudi […]
Tata Motors announced that it has secured an order to supply 1,000 units of its Tata LPO 1618 diesel bus chassis to the Uttar Pradesh State Road Transport Corporation (UPSRTC). The order was awarded through a government-conducted e-bidding process. Delivery will occur in phases, as per the terms agreed upon by both parties. This follows […]
Larsen & Toubro (L&T), an Indian technology and engineering company, has signed a Memorandum of Understanding (MoU) with Clean Core Thorium Energy (CCTE), a US-based advanced nuclear fuel company, to collaborate on the development and deployment of CCTE’s ANEEL™ fuel (Advanced Nuclear Energy for Enriched Life). The partnership aims to support the global adoption of […]
Vedanta has announced plans to invest ₹1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant. The project is expected to generate 200,000 jobs and aims to support the state’s industrial growth. The investment will be focused on building a large-scale industrial […]
Neolite ZKW has inaugurated a new manufacturing facility in Pune, Maharashtra, aimed at enhancing its production capabilities in the automotive lighting sector. The plant integrates energy-efficient manufacturing processes and meets green building standards, including water recycling and reuse initiatives. It operates as a zero-discharge facility, reflecting the company’s focus on sustainability. The Pune facility incorporates […]
On October 19, a book titled Paper to Flight, detailing the design and development of India’s carrier-borne Light Combat Aircraft (LCA) Navy, was released in Bengaluru. The book, written by Cmde C.D. Balaji (Retd), former Director of the Aeronautical Development Agency (ADA), offers insights into the challenges and breakthroughs experienced during the program’s development. It […]
Optima Life Sciences has inaugurated a new manufacturing facility in Jejuri, near Pune, Maharashtra, as part of its efforts to expand production capabilities for poultry health solutions. The inauguration event took place on October 15, 2024, with over 150 delegates in attendance, including industry professionals such as poultry consultants, veterinarians, feed millers, breeders, and poultry […]
