13 Apr 2026

Construction of the 1,200 MW Punatsangchhu-I hydropower project in Bhutan has resumed after a nearly seven-year halt caused by geological issues affecting dam stability. The restart was marked by a concrete pouring ceremony attended by India's Power Minister Manohar Lal. The India-funded project, located in Wangdue Phodrang, is expected to be completed within five years and will significantly enhance Bhutan's hydropower capacity by around 30 per cent. With over 93 per cent financial and nearly 88 per cent physical progress achieved prior to suspension, the project underscores continued India-Bhutan cooperation in energy infrastructure and cross-border electricity trade.Read more

13 Apr 2026

The Gujarat government has entered into a memorandum of understanding with Taiwan-based Allegiance International Co Ltd to establish an Indo-Taiwan Industrial Park in the Sanand-Dholera region. The proposed development is expected to attract over INR 1,000 crore in foreign direct investment, primarily in semiconductor and electronics manufacturing. The project is estimated to generate around 12,000 direct jobs over five years and will support India's semiconductor ambitions. The agreement, signed in Gandhinagar, aims to facilitate collaboration between Indian and Taiwanese enterprises while strengthening Gujarat's position as a manufacturing hub, where projects worth over INR 1.24 lakh crore are already under development.Read more

13 Apr 2026

The Odisha government has unveiled 36 industrial projects involving an investment of INR 40,811 crore, expected to create around 59,000 jobs across the state. The initiatives include both inaugurated units and newly laid foundation stones, covering sectors such as green energy equipment, metals, textiles, plastics, tourism, agriculture, food processing, defence manufacturing, IT, automobiles, and cement. The state leadership highlighted sustained industrial momentum over the past 18-20 months, driven by multiple project launches and investments aimed at strengthening Odisha's manufacturing and employment base.Read more

13 Apr 2026

Adani Green Energy has entered into a joint venture through its subsidiary AGEL UAE with Minerva Holding RSC, a wholly owned arm of EPointZero, to develop renewable energy projects in India. EPointZero is part of the UAE-based IHC Group, one of the largest listed companies globally. The agreement includes provisions for equity participation and board representation. The partnership reflects increasing cross-border investments in India's clean energy sector and aligns with the country's long-term renewable energy expansion plans.Read more

Mumbai News Desk

13 Apr 2026

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to refund INR 646 crore to Reliance Industries Limited in a major ruling linked to a long-standing dispute over a commercial development project at Bandra Kurla Complex in Mumbai. The court has set aside penalty and demand notices issued by the authority, observing that the recovery action lacked legal backing and was applied in an arbitrary manner. It further noted inconsistency in extension benefits granted to similar projects, leading to unequal treatment, and ordered the refund within a fixed timeframe with interest applicable on delay.Read more

Bangalore News Desk

13 Apr 2026

AstraZeneca India has planned to sell its 64-acre manufacturing facility located in North Bengaluru for around INR 3,400 crore. The decision is part of a broader global restructuring exercise by its UK-based parent company, which is reviewing its manufacturing and supply network across markets. The asset sale reflects a continued focus on streamlining operations and monetising non-core infrastructure. The Bengaluru site, long associated with the company's production activities, is now being evaluated for divestment as AstraZeneca strengthens its focus on research, innovation, and digital healthcare capabilities in India and other key markets.Read more

11 Apr 2026

The Union government has slowed its efforts to develop a centralised, multi-sector Infrastructure Investment Trust (InvIT) model, opting instead to continue with sector-specific InvIT structures for infrastructure asset monetisation. The shift follows concerns over regulatory clarity and governance frameworks required to pool assets across sectors and states. Policymakers and industry stakeholders have indicated that while a diversified InvIT platform remains a long-term objective, current conditions favour single-sector vehicles such as road-focused InvITs. The development comes amid ongoing efforts under the National Monetisation Pipeline to unlock value from public infrastructure assets, with the government prioritising operational feasibility and investor confidence in the near term.Read more

11 Apr 2026

Mangaluru City Corporation is planning a construction and demolition (C&D) waste management unit at the Pachanady dump yard to address rising illegal dumping across the city. Waste is being disposed of in open areas and near riverbanks, raising environmental concerns. Builders will be required to use the facility by paying a fee, while stricter monitoring and penalties are being introduced. The move is part of efforts to improve waste handling and ensure accountability among developers and contractors.Read more

10 Apr 2026

Prime Minister Narendra Modi is scheduled to inaugurate the HPCL-Rajasthan refinery at Pachpadra later this month, bringing into operation a 9 MMTPA integrated refinery-cum-petrochemical complex developed at an estimated cost of around INR 80,000 crore. The project, implemented by HPCL Rajasthan Refinery Ltd, is a joint venture between Hindustan Petroleum Corporation Ltd and the Government of Rajasthan. Located in Balotra district, the facility includes petrochemical capacity of 2.4 MMTPA and is designed to process both domestic and imported crude. The refinery has evolved over more than a decade, undergoing cost revisions and policy changes, and is expected to support industrial development, employment generation and downstream sector growth across western Rajasthan.Read more

10 Apr 2026

Wonder Cement has strengthened its renewable energy strategy through multiple long-term solar power purchase agreements with Sunsure Energy. The partnership will enable the company to source a significant portion of its electricity from clean energy for its facilities in Maharashtra and Uttar Pradesh. This move is expected to reduce around 33,000 metric tonnes of CO2 emissions annually and lower dependence on conventional grid power. The development reflects a broader shift within the cement sector towards sustainability, with companies increasingly adopting renewable energy solutions to manage costs and meet environmental targets.Read more

09 Apr 2026

DP World Cochin has recorded its highest-ever single vessel cargo handling, processing over 8,000 twenty-foot equivalent units (TEUs) during the recent call of the ultra large container vessel MSC Ilaria at the International Container Transshipment Terminal in Kochi. The milestone, achieved in the past week, surpasses the earlier record of more than 6,000 TEUs handled during a previous vessel call. The development reflects the terminal's upgraded infrastructure and its growing ability to accommodate next-generation container ships. With expanded yard capacity, enhanced crane infrastructure, and improved power systems, the terminal is positioning itself to handle larger volumes of EXIM and transshipment cargo while strengthening its role in India's southern maritime logistics network.Read more

06 Apr 2026

IndiGo is set to increase its domestic operations to nearly 2,000 daily flights during the summer schedule, expanding capacity as travel demand rises across India. The airline, which currently operates over 1,850 daily flights, is adding new routes and boosting frequencies after resolving earlier operational constraints. Network expansion includes new destinations like Bhavnagar and Jamnagar, along with increased connectivity from key hubs and upcoming airports such as Navi Mumbai and Noida International Airport. Alongside domestic growth, IndiGo is also expanding internationally with new routes and aircraft, while continuing to manage challenges like airspace restrictions, airport congestion and rising operational costs.Read more

04 Apr 2026

77Pillar has expanded its real estate technology platform to Dholera, Gujarat, marking its entry into a greenfield smart city within the Delhi-Mumbai Industrial Corridor (DMIC). The company, which operates across more than 15 cities including Delhi NCR, Gurugram, Noida, Jaipur, and Ahmedabad, aims to strengthen its presence in emerging investment destinations alongside established urban markets. Dholera is witnessing growing interest from developers, investors, and businesses due to planned infrastructure, large land availability, and government-backed initiatives. Through this expansion, 77Pillar intends to facilitate project visibility, enable access to commercial and land opportunities, and connect stakeholders to a broader buyer and investor base.Read more

03 Apr 2026

The Punjab government has introduced key industrial reforms to simplify leasehold-to-freehold conversions and reduce compliance burden. A fixed 5 per cent conversion fee and full stamp duty exemption for applications completed by April 30, 2026 aim to clear pending cases and encourage faster conversions. The policy also removes certain charges, simplifies documentation, and speeds up approvals. Alongside, amendments in infrastructure management rules address double taxation and improve maintenance through industry-led bodies. These steps are expected to improve ease of doing business and support industrial expansion in the state.Read more

03 Apr 2026

Leasing of industrial and warehousing spaces across 24 Indian cities increased by 16% year-on-year to 18.5 million sq ft in the first quarter of 2026, according to Savills. The growth was driven by strong demand from manufacturing, third-party logistics (3PL), and e-commerce sectors. Tier-I cities such as Ahmedabad, Bengaluru, and Delhi-NCR accounted for 79% of total absorption, while Tier-II and Tier-III cities contributed 21%. New supply rose sharply by 39% to 22.1 million sq ft during the quarter. Manufacturing led leasing activity with a 35% share, followed by logistics and consumer-driven sectors, indicating sustained momentum in India's industrial real estate segment.Read more

03 Apr 2026

Prime Minister Narendra Modi inaugurated a semiconductor facility and launched multiple infrastructure projects worth over INR 20,000 crore across Gujarat in the past week, covering sectors such as urban development, transport, power, and healthcare. The semiconductor plant, located at Sanand in Ahmedabad, marks the country's second such facility and is expected to strengthen domestic chip manufacturing capabilities. Alongside this, a series of projects were inaugurated or had foundation stones laid in the Vav-Tharad region, including initiatives in road connectivity, railways, and urban infrastructure. The visit also included the launch of a museum in Gandhinagar. The combined developments are part of broader efforts to enhance infrastructure capacity and support industrial and regional growth in the state.Read more

01 Apr 2026

Cosmic PV Power Ltd has filed draft papers with the market regulator to raise INR 640 crore through an initial public offering. The issue includes a fresh equity component of INR 540 crore and an offer for sale of INR 100 crore by existing shareholders. The company plans to use the funds to set up a new manufacturing facility in Madhya Pradesh and for general corporate needs. Operating in solar module manufacturing, EPC services, and aluminium frame production, the company has seen strong revenue growth and is part of the government's approved supplier list for renewable energy projects.Read more

01 Apr 2026

Bharat Heavy Electricals Limited (BHEL) has secured a contract worth INR 13,500 crore from NTPC Limited for the main plant package of the 2,400 MW Telangana Stage-II thermal power project. The order, confirmed through a notification of award received in recent days, covers three units of 800 MW each. BHEL had emerged as the successful bidder for the project in late 2024. The scope includes design, engineering, manufacturing, supply, erection and commissioning of the plant, along with associated civil and structural works. The contract reflects continued public sector investment in large-scale power infrastructure to support growing energy demand.Read more

Mumbai News Desk

31 Mar 2026

The Brihanmumbai Municipal Corporation has approved selling treated wastewater from its Colaba Sewage Treatment Plant to private entities, creating a new revenue stream and conserving freshwater. About 3 million litres per day will be supplied at a concessional rate to projects including construction and landscaping. The plant has a total capacity of 37 MLD, with tertiary treatment for 10 MLD. While some civic members prefer using treated water for municipal purposes like cleaning and watering gardens, the move highlights a growing focus on resource efficiency and partial cost recovery for STP operations.Read more

31 Mar 2026

Oil and Natural Gas Corporation has commenced gas production from its Daman Upside Development Project (DUDP) in the Arabian Sea, marking a key addition to domestic energy supply. The offshore project, located around 180 km north-west of Mumbai and 80 km south of Pipavav, Gujarat, has started monetisation through a newly commissioned platform. The development is expected to produce 21.5 billion cubic metres of gas, with peak output projected at 5 million standard cubic metres per day. Executed within two years, the project includes multiple wellhead platforms and pipeline infrastructure connecting to the Hazira processing facility, supporting India's efforts to enhance energy security amid global supply uncertainties.Read more