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BREAKINGNHAI awards HAM-based Odisha ring road contract to H.G. Infra EngineeringINDUSTRY & MANUFACTURINGSTRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansionAGRICULTURE & FOODMizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivityHEALTH & MEDICALBlue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioningBREAKINGNHAI awards HAM-based Odisha ring road contract to H.G. Infra EngineeringINDUSTRY & MANUFACTURING;INFRASTRUCTURESTRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansionAGRICULTURE & FOODMizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivityHEALTH & MEDICALBlue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioning
NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering
TRANSPORTATION

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

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AGRICULTURE & FOOD

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.



Infrastructure News

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STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion
METALS & MINING

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Saipem scures Licensing and FEED mandates from Dangote Fertilizer for Six African urea complexes
CHEMICALS & FERTILIZERS

Saipem scures Licensing and FEED mandates from Dangote Fertilizer for Six African urea complexes

Saipem has won new technology licensing and engineering contracts from Dangote Fertilizer covering six large-scale ammonia-urea complexes in Nigeria and Ethiopia. The projects, incorporating high-capacity urea units, are set to expand Africa’s fertilizer output and strengthen regional industrial integration.

Defence

Global Defence News

Army

Zen Technologies has secured an INR 1.2 billion contract from India’s Ministry of Defence to deploy the country’s first Combat Training Node at the Infantry School in Mhow. The project will integrate over 60 simulators and Live-Virtual-Constructive systems to enhance infantry readiness and cost-efficient training.

Finance & Banking News

Resources

Global Energy & Power News

EXCLUSIVE

US removes export curbs on key Indian nuclear institutions to advance civil-nuclear and critical minerals cooperation

RENEWABLE ENERGY

Bowdun Offshore Wind Farm submits onshore planning application in Aberdeenshire

Bowdun Offshore Wind Farm, a 1 GW-scale project planned 44 km off Stonehaven, has submitted its onshore planning application to Aberdeenshire Council. The development is expected to create a £1 billion supply chain opportunity and power more than one million homes.

Business & Corporate

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

Technology & AI

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AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

AI Search Startup Onton raises $7.5 million seed round to expand AI-driven search platform globally

Onton has raised $7.5 million in seed funding led by Footwork, with participation from Liquid 2, Parable Ventures and 43, bringing total funding to about $10 million. The capital will support product expansion, team growth and international market development.

OpenAI launches shopping research feature in ChatGPT to deepen product comparison and buyer decision support

OpenAI has introduced a new shopping research experience within ChatGPT, enabling users to receive personalized, in-depth product buying guides. The feature is rolling out across mobile and web to logged-in users and offers expanded usage limits during the holiday season.

NVIDIA unveils £2 billion plan to boost the U.K.’s AI startup landscape

NVIDIA has announced a £2 billion investment to supercharge the United Kingdom’s artificial intelligence startup ecosystem. The initiative aims to improve access to advanced computing, support emerging AI founders, create jobs, and strengthen the U.K.’s global standing in the AI sector.

Transportation News

India

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Germany;India

Frankfurt Airport and Bangalore International Airport sign MOU to deepen Europe-India air cargo integration

Frankfurt Airport and Bangalore International Airport have formalised a strategic air cargo partnership to strengthen trade flows between Europe and India. The agreement focuses on digitalisation, regulatory streamlining, and operational coordination to enhance supply chain efficiency amid shifting global market conditions.

India

Indian Railways approves INR 8.7 billion network upgrade to boost capacity across Rajasthan, Kerala and West Bengal

Indian Railways has cleared infrastructure projects worth approximately INR 8.72 billion spanning maintenance depots and corridor upgrades across three zones. The investments target higher passenger throughput, improved freight efficiency and reduced congestion in key rail corridors linked to ports and industrial regions.

India

Bengaluru Suburban Railway positions 148-km network as congestion and emissions solution

Karnataka’s 148-km Bengaluru Suburban Railway Project is expected to carry nearly 1.9 million passengers daily and significantly reduce surface congestion by integrating with Metro, rail and bus systems. The Rs.23,342 crore initiative aims to modernise urban mobility while lowering emissions and improving multimodal connectivity.

Saudi Arabia

Maersk subsidiary takes minority stake in Saudi Arabia’s Jeddah container terminal

APM Terminals, part of Maersk, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, joining UAE-based DP World, which retains 62.5% control. The partnership is expected to enhance regional logistics capabilities and support trade flows across Asia, Europe, and Africa.

Qatar;Saudi Arabia

Saudi Arabia and Qatar sign agreement to develop high-speed rail link between Riyadh and Doha

Saudi Arabia and Qatar have signed an agreement to build a high-speed rail link connecting Riyadh and Doha, aiming to improve regional mobility and fast travel between the two capitals.

Regional Desks

Industry & Manufacturing News

Chile

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

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China

WACKER and SICO opens organofunctional silanes development centre in China

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Ethiopia;Nigeria

Saipem scures Licensing and FEED mandates from Dangote Fertilizer for Six African urea complexes

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India

Indian government withdraws QCO certification for seven additional petrochemicals

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India

SWPEL secures ₹117.8 million NALCO contract for bauxite exploration consultancy in Odisha

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Spain

Chery-Ebro alliance revives Spain’s Zona Franca auto hub with EV-focused manufacturing platform

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Projects

India

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Read News →
Chile

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Read News →
India

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.

Read News →
India

Blue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioning

Blue Jet Healthcare will invest approximately ₹23 billion to establish a greenfield pharmaceutical manufacturing complex in Andhra Pradesh’s Rambilli Industrial Park. The phased project, expected to be operational by FY2028–29, will expand capacity for contrast media intermediates and specialty chemicals while creating 2,000 jobs.

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India

Indian Railways approves INR 8.7 billion network upgrade to boost capacity across Rajasthan, Kerala and West Bengal

Indian Railways has cleared infrastructure projects worth approximately INR 8.72 billion spanning maintenance depots and corridor upgrades across three zones. The investments target higher passenger throughput, improved freight efficiency and reduced congestion in key rail corridors linked to ports and industrial regions.

Read News →
India

Bengaluru Suburban Railway positions 148-km network as congestion and emissions solution

Karnataka’s 148-km Bengaluru Suburban Railway Project is expected to carry nearly 1.9 million passengers daily and significantly reduce surface congestion by integrating with Metro, rail and bus systems. The Rs.23,342 crore initiative aims to modernise urban mobility while lowering emissions and improving multimodal connectivity.

Read News →
Saudi Arabia

Ministry of National Guard issues tender for rainwater drainage network in Riyadh medical warehouses

Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.

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Bangladesh

Bangladesh university tender advances consultancy-led master planning for campus development

Kurigram Agricultural University in Bangladesh has issued a tender valued at BDT 42.7 million for the procurement of consultancy services to support the feasibility study, survey work, and preparation of a master plan and development project proposal for the university’s development initiative. The scope includes multiple types of surveys and physical studies, along with associated deliverables required for project formulation.

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United Kingdom

Bowdun Offshore Wind Farm submits onshore planning application in Aberdeenshire

Bowdun Offshore Wind Farm, a 1 GW-scale project planned 44 km off Stonehaven, has submitted its onshore planning application to Aberdeenshire Council. The development is expected to create a £1 billion supply chain opportunity and power more than one million homes.

Read News →
Brazil

Equinor launches first hybrid solar-wind asset at Serra da Babilônia in Brazil

Equinor and its subsidiary Rio Energy have commenced commercial operations at the 140 MW Serra da Babilônia Solar facility in Brazil, co-located with a 223 MW wind farm. The hybrid complex enhances grid stability and operational efficiencies, marking Equinor’s first integrated solar-wind asset globally.

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Portugal

Iberdrola advances EUR 350 million Tamega wind complex, Portugal’s largest onshore project

Iberdrola has started turbine assembly at the 601 GWh-per-year Tamega wind complex in northern Portugal, a EUR 350 million project combining wind and hydropower infrastructure. The development will supply electricity equivalent to 128,000 households and avoid over 230,000 tonnes of CO₂ annually.

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India

Waaree Energies expands Samakhiali output to 3 GW, pushing global module capacity beyond 22 GW

Waaree Energies has added 1.5 GW of solar module manufacturing capacity at its Samakhiali plant in Gujarat, raising the site’s annual output to 3 GW. The expansion increases the company’s total global module capacity to approximately 22.3 GW.

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India

K2 Infragen enters Haryana solar market with 2 MW project and strategic stake in Animaus Energy

K2 Infragen Ltd has initiated development of a 2 MW solar project in Haryana through associate firm Animaus Energy Pvt Ltd, in which it recently acquired a 49% stake. The project operates under a power purchase agreement at INR 2.99 per kWh.

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Qatar;Saudi Arabia

Saudi Arabia and Qatar sign agreement to develop high-speed rail link between Riyadh and Doha

Saudi Arabia and Qatar have signed an agreement to build a high-speed rail link connecting Riyadh and Doha, aiming to improve regional mobility and fast travel between the two capitals.

Read News →
India

Petronet LNG secures INR 120 billion term loan to advance petrochemicals expansion

Petronet LNG Ltd has arranged a INR 120 billion rupee-denominated term loan from State Bank of India and Bank of Baroda to fund its upcoming petrochemicals project and related capital expenditure. The financing strengthens balance sheet support for downstream diversification.

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Saudi Arabia

ExxonMobil and Aramco assess Samref refinery conversion into integrated petrochemical hub in Yanbu

ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement to evaluate upgrading the Yanbu-based refinery into an integrated refining and petrochemical complex. The initiative would enhance crude-to-chemicals conversion, improve energy efficiency and support lower-emission operations, subject to further studies and approvals.

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Saudi Arabia;Syrian Arab Republic

Saudi energy firms formalize upstream service and field development deals with Syria

Four Saudi energy companies - TAQA, ADES Holding, Arabian Drilling and ARGAS, have signed agreements with the Syrian Petroleum Company covering gas field development, drilling, seismic surveys and integrated oilfield services. The arrangements aim to raise production across key Syrian gas assets under Saudi Ministry of Energy oversight.

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Philippines

Repower Energy brings 18.2 MW Pulangi plant online under Philippines FIT-4 regime

Repower Energy Development Corp. has commissioned its first Mindanao-based run-of-river hydropower facility, qualifying under the Philippines’ fourth feed-in tariff round. The PHP 4 billion project strengthens renewable capacity in Bukidnon and secures long-term tariff support at a preliminary rate of PHP 6.38 per kWh.

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India

Tata Power energizes 400 KV Koteshwar-Rishikesh line to unlock 1,000 MW Himalayan hydropower capacity

Tata Power has commissioned the 400 KV Koteshwar-Rishikesh transmission line in Uttarakhand, enabling evacuation of up to 1,000 MW from the Tehri–Koteshwar hydropower complex. The project strengthens grid reliability across northern India and marks a key milestone under the NRSS XXXVI transmission scheme.

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India

Zen Technologies wins INR 1.2 billion MoD contract to establish India’s first Infantry Combat Training Node

Zen Technologies has secured an INR 1.2 billion contract from India’s Ministry of Defence to deploy the country’s first Combat Training Node at the Infantry School in Mhow. The project will integrate over 60 simulators and Live-Virtual-Constructive systems to enhance infantry readiness and cost-efficient training.

Read News →
India

Tata Advanced Systems and Lockheed Martin break ground on C-130J MRO hub in India

Tata Advanced Systems and Lockheed Martin have initiated construction of a dedicated C-130J Super Hercules MRO facility in India. Scheduled for completion by end-2026, the site will enhance lifecycle support for the Indian Air Force and position India as a potential regional sustainment hub.

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India

GIDC to establish 35 hectare Agro Food Park in Rajkot to bolster Gujarat’s processing ecosystem

Gujarat Industrial Development Corporation will develop a 35-hectare Agro Food Park in Chhapra village, Rajkot, to strengthen the state’s food processing value chain. The project aims to attract investment, improve logistics integration, and provide core infrastructure to support agro-based manufacturing and exports.

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Ethiopia;Nigeria

Saipem scures Licensing and FEED mandates from Dangote Fertilizer for Six African urea complexes

Saipem has won new technology licensing and engineering contracts from Dangote Fertilizer covering six large-scale ammonia-urea complexes in Nigeria and Ethiopia. The projects, incorporating high-capacity urea units, are set to expand Africa’s fertilizer output and strengthen regional industrial integration.

Read News →
India

Union Government of India approves new projects worth Rs.71.72 billion under ELC components PLI scheme

Union Government approves 17 new projects under the electronics component PLI scheme with investments of Rs.71.72 billion strengthening local manufacturing and value-chain diversification.

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India

SWPEL secures ₹117.8 million NALCO contract for bauxite exploration consultancy in Odisha

South West Pinnacle Exploration has been awarded a ₹117.8 million contract by National Aluminium Company to undertake detailed bauxite exploration in Odisha. The 24-month mandate covers drilling, surveys, and geological reporting in compliance with statutory mining regulations.

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India

Andhra Pradesh announces ₹400 billion mega plan to transform horticulture in Rayalaseema and Prakasam

The Andhra Pradesh government has unveiled a massive ₹400 billion investment plan to scale up horticulture in Rayalaseema and Prakasam district. The initiative focuses on high-value horticultural crops, improved infrastructure, micro-irrigation, certification and traceability.

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Hong Kong

CGN New Energy secures EPC Contract for 200 MW Solar-Aquaculture Project in Yancheng

CGN New Energy Holdings announced that its subsidiary, CGN New Energy Yancheng, has signed an engineering, procurement, and construction (EPC) contract with China Energy Engineering Jiangsu Design Institute for phase two of the Yancheng fishery-photovoltaic complementary project.

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India

World Bank approves $776 Million for Education Reform in Punjab and Climate-Smart Agriculture in Maharashtra

The World Bank has sanctioned two major projects worth a combined $776 million, to strengthen school education in Punjab and promote climate-resilient farming in Maharashtra. The initiatives are expected to benefit over 6 million people and enhance long-term human capital and farm incomes.

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Vietnam

Vietnam begins construction of USD 319 Million GEL-O&J automobile manufacturing plant in Hung Yen

Vietnam’s Geleximco Group and China’s Chery Group have officially started construction of the GEL-O&J automobile manufacturing plant in Hung Yen Province. With a total investment of USD 319 million, the two-phase project is expected to become a major automotive production hub in the region.

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India

MoRTH invites bids for Consultancy services for 6-Lane Extradosed Cable Bridge Project on River Ganga in Bihar

The Ministry of Road Transport & Highways (MoRTH) has invited proposals from eligible consulting firms for Consultancy services for Authority’s Engineer for supervising the construction of a new 6-lane high-level/extradosed cable bridge across the River Ganga in Patna, Bihar.

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Sri Lanka

AIIB approves $52 million loan to Sri Lanka for Renewable Energy Transmission Project

AIIB provides $52 million financing to Sri Lanka for the Kerawalapitiya–Port L Second Transmission Line Project, enhancing renewable energy transmission, grid stability, and sustainable development

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Rwanda

World Bank approves $141 million disaster risk management support for Rwanda to boost climate resilience

The World Bank approves $141 million in disaster risk management support for Rwanda, including a Cat DDO, to strengthen climate resilience, improve infrastructure, and safeguard communities from flood

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India

Arunachal Pradesh marks historic milestone with launch of first commercial coal mine at Namchik-Namphuk coal block

Arunachal Pradesh inaugurates its first commercial coal mine at Namchik-Namphuk, enhancing energy security, creating jobs, and promoting sustainable development under PM Modi’s EAST initiative.

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Qatar

Ashghal awards Consultancy contract for KITC renovation and wind mitigation works

Ashghal has awarded Gulf Consulting Group a QAR 1.4 million consultancy contract for post-contract services on the KITC renovation and wind mitigation project

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Jordan

Jordan advances Economic Modernisation Vision with World Bank-backed Zarqa River Basin rehabilitation program

Jordan’s Ministry of Environment, in collaboration with the World Bank, has launched a national program to rehabilitate the Zarqa River Basin. The initiative targets pollution control, sustainable water management, and ecological restoration, aligning environmental reform with the Kingdom’s broader Economic Modernisation Vision.

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United Arab Emirates

Arada awards AED 2.18 billion contract to UNEC for Sharjah's Madar Mall project

Arada has appointed United Engineering Construction Company (UNEC) to deliver the AED 2.18 billion Madar Mall at Aljada in Sharjah. The project, scheduled for completion in December 2028, will anchor the master development’s retail and entertainment offering and expand the emirate’s large-scale commercial real estate inventory.

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Saudi Arabia

Al-Baha accelerates regional industrial strategy with SR89 million MODON-backed infrastructure expansion

Saudi Arabia’s Al-Baha region has launched SR89 million in industrial infrastructure projects at its First Industrial City, targeting investment attraction, SME growth, and mining sector development. The initiative aligns with Vision 2030 objectives to diversify regional economies and strengthen industrial competitiveness.

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Egypt

Egypt advances upstream expansion with USD 121 million oil and gas agreements across Sinai, Gulf of Suez and Western Desert

Egypt has concluded three upstream oil and gas agreements totaling more than USD 121 million in investments and signing bonuses, targeting offshore and onshore exploration in North Sinai, the Gulf of Suez, and the Western Desert. The deals reinforce efforts to attract foreign capital and expand domestic hydrocarbon output.

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14:14 NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering 12:54 AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa 14:02 STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion 14:00 Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity 13:08 Blue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioning 12:32 Frankfurt Airport and Bangalore International Airport sign MOU to deepen Europe-India air cargo integration