India News

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

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

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

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

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

Mergers & Acquisitions

Park Medi World enters Uttarakhand market with ₹177 million acquisition of The Medicity Hospital

Park Medi World Ltd has executed a ₹177 million all-cash deal to acquire 100% of The Medicity Hospital in Rudrapur. This strategic entry into Uttarakhand adds a 330-bed multi-super speciality facility to Park Group’s portfolio, targeting operational scale in high-potential healthcare markets.

2 days ago • India

Renewable Energy

Adani Green activates 3.37 GWh battery storage at Khavda, targeting 50 GWh capacity by 2031

Adani Green Energy Ltd has commissioned 3.37 GWh of Battery Energy Storage System (BESS) capacity at its Khavda renewable energy park in Gujarat, marking what official disclosures describe as the largest single-location deployment outside China. The company plans to scale storage capacity to over 10 GWh in the coming fiscal year and 50 GWh within five years.

2 days ago • India

Navy

Indian Navy awards HPM system integration contract to Tonbo Imaging under ADITI 3.0

The Indian Navy has commissioned Tonbo Imaging to develop and integrate High Power Microwave (HPM) systems. This initiative, part of the ADITI 3.0 framework, aims to bolster maritime directed-energy capabilities against electronic threats and drone swarms while advancing domestic defense manufacturing and intellectual property.

2 days ago • India

Railways & Metro

Indian Railways sanctions INR 9.93 billion rail doubling project to bolster Chennai industrial corridor infrastructure

The Ministry of Railways has cleared an INR 9.93 billion capacity expansion project to double the 68-kilometer Arakkonam-Chengalpattu rail link. The initiative targets severe freight and passenger bottlenecks across Tamil Nadu's industrial heartland.

2 days ago • India

Railways & Metro

IRFC enters urban transit financing with INR 135.27 billion debt restructuring for Hyderabad Metro Rail

State-owned Indian Railway Finance Corporation has formalized an agreement to provide a term loan of INR 135.27 billion to refinance the debt obligations of L&T Metro Rail (Hyderabad) Limited, signaling a strategic entry into urban transit.

2 days ago • India

Railways & Metro

Plans finalized for Karnataka's first inter-district Metro transit corridor spanning Bengaluru to Tumakuru

The Bangalore Metro Rail Corporation Limited has submitted a detailed project report outlining a 60-kilometer network expansion to Tumakuru. The plan projects a daily ridership of 300,000 passengers and offers two distinct funding models.

2 days ago • India

Investments & Funding

YEIDA secures over Rs 50 billion in new investments as solar manufacturing drives industrial expansion in Uttar Pradesh

Uttar Pradesh has announced over ₹50 billion in investments for the YEIDA region, led by CESC Green Power’s ₹38.5 billion 3 GW solar cell and module unit on 100 acres, alongside projects in electronics, IT, railways, and garment manufacturing, expected to generate more than 12,000 jobs.

2 days ago • India