Asia News

Renewable Energy

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

2 days ago • India

Investments & Funding

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

2 days ago • India

Army

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

2 days ago • Israel

Power & Utilities

HG Infra secures qualified bidder status for Uttar Pradesh power transmission project

HG Infra Engineering has been named a qualified bidder by REC Power Development and Consultancy for a 35-year power transmission project in Uttar Pradesh, valued at an annual transmission tariff of 450.1 million INR.

2 days ago • India

Power & Utilities

KEC International secures INR 13.03 billion in infrastructure orders across global markets

KEC International has secured multiple domestic and international contracts valued at INR 13.03 billion. The newly awarded projects span across its transmission and distribution, civil engineering, renewable energy, and cabling business verticals.

2 days ago • Americas;India

Investments & Funding

ADB partners with Bank of Tianjin on $50 million loan to expand Chinese elder and health care financing

The Asian Development Bank and Bank of Tianjin have signed a $50 million equivalent loan agreement. The initiative represents ADB's first private sector healthcare loan to a commercial bank, aiming to address critical infrastructure gaps and demographic shifts in China.

2 days ago • China

Mergers & Acquisitions

Gujarat Themis Biosyn expands into advanced modalities with INR13 billion acquisition of MicroBiopharm Japan

Gujarat Themis Biosyn Limited (GTBL) has agreed to acquire 100% of Japanese CDMO MicroBiopharm Japan (MBJ) from T Capital Partners for INR13 billion. The deal provides GTBL with high-end proprietary platforms in ADC conjugation and plasmid DNA, accelerating its transition into oncology and complex biologics.

2 days ago • India

Renewable Energy

Nordex expands Türkiye footprint with 110 MW wind turbine contract from Eksim Enerji

Nordex Group has secured a 110 MW turbine supply and service agreement with Eksim Enerji for the Balıkesir-3 wind project in western Türkiye. The deal strengthens Nordex’s position in the Turkish renewable energy market while supporting local manufacturing requirements and long-term clean energy capacity expansion.

2 days ago • Turkey

Construction

Aggreko to build major manufacturing hub in Pune with INR 4 billion investment

Aggreko India has signed an agreement with the Maharashtra government to establish a global engineering and manufacturing facility in Pune. The INR 4 billion project will create over 1,000 jobs over the next decade, enhancing regional supply chains and supporting sustainable industrial development.

2 days ago • India

Metals & Mining

L&T GeoStructure expands infrastructure footprint with major steel, maritime, and inland waterway contracts across India

Larsen & Toubro subsidiary L&T GeoStructure has secured multiple domestic contracts, including a record-breaking piling project for JSW Utkal Steel, strategic ship repair facilities on National Waterway-1, and India's inaugural yacht marina at Mumbai Harbour.

2 days ago • India

Mergers & Acquisitions

Taiwanese conglomerate TECO acquires major stake in Dynaciate to anchor regional AIDC supply chain

TECO Electric & Machinery Co., Ltd. has completed a $50.8 million acquisition of a 78% stake in Malaysia's Dynaciate Engineering. The strategic transaction shifts the company's manufacturing footprint to Johor Bahru, accelerating artificial intelligence data center deployment and modular industrial engineering across Southeast Asia.

2 days ago • Malaysia

Renewable Energy

Sunsure Energy expands Karnataka clean energy footprint with 195 MW Suzlon wind turbine order

Sunsure Energy has awarded a repeat 195 MW wind energy contract to Suzlon Group for a project in Karnataka. Suzlon will supply and maintain 65 units of its 3 MW wind turbine generators to boost regional commercial renewable capacity.

2 days ago • India

Investments & Funding

EBRD deploys USD 22 million to fortify Lebanese food retail infrastructure amid regional volatility

The European Bank for Reconstruction and Development has approved a USD 22 million financing package for Spinneys Levant Limited. Backed by European Union guarantees, the funds will advance retail expansion, energy efficiency, and modern digital workforce training across Lebanon.

2 days ago • Lebanon

Mergers & Acquisitions

NTT DATA to acquire WinWire for enterprise AI and Azure capabilities

NTT DATA has signed a definitive agreement to acquire WinWire, a Microsoft partner specialising in Agentic AI, AI on Azure, data engineering, and cloud-native development. The acquisition adds over 1,000 Azure engineers and Microsoft specialists to NTT DATA, strengthening its position to help organisations operationalise AI at scale.

2 days ago • Japan