17 Mar 2026

Clean energy company ReNew Green Energy Solutions has raised USD 95 million (around INR 878 crore) in equity from a consortium led by LeapFrog Investments. The funds will support the expansion of its commercial and industrial (C&I) renewable energy platform. LeapFrog has committed USD 50 million directly, with the rest coming from co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest. ReNew's portfolio includes 2.5 GW capacity, over 2 GW of which is commissioned, with 1.3 GW under long-term agreements with global companies like Microsoft, Amazon, and Google.Read more

17 Mar 2026

Hettich India has inaugurated a new automated manufacturing facility in Indore, strengthening its production capabilities in the country and supporting its long-term plan to position India as a global manufacturing hub. The plant will manufacture advanced undermount drawer runners used in premium furniture and modular kitchens. The facility forms part of the company's overall investment of about INR 2,000 crore in India and is expected to create around 300 additional jobs. With automation, sustainability measures, and advanced German-engineered machinery, the new unit also aims to meet growing domestic demand while supporting exports to multiple international markets.Read more

17 Mar 2026

The National Real Estate Development Council (NAREDCO) has joined hands with realty platform Magicbricks to enhance research, market intelligence, and policy discussions within the Indian real estate sector. The one-year partnership will position Magicbricks as NAREDCO's knowledge and official broadcast partner, providing research reports, monthly co-branded newsletters, and insights through MBTV. With the real estate industry moving towards greater transparency and structured frameworks, the collaboration aims to support developers, investors, and consumers by delivering accurate, timely data and digital reach, helping them make informed decisions in a complex market.Read more

17 Mar 2026

Enterprise technology infrastructure provider Aurionpro Solutions has secured a multi-year contract valued at nearly INR 350 crore from a hyperscale operator to develop a large data centre facility in southern India. The project involves the creation of an artificial intelligence-ready green data centre designed to support high-density computing workloads and next-generation digital infrastructure requirements. Under the contract, the company will undertake the design, detailed engineering and full execution of mechanical, electrical and plumbing (MEP) works. The project commenced earlier this month and is expected to be completed over the next six to seven quarters. The contract comes amid rapid expansion in India's data centre sector, where capacity reached approximately 1.5 gigawatts in 2025 and is projected to grow to around 2 gigawatts by the end of 2026.Read more

17 Mar 2026

The Jammu and Kashmir government is planning to develop future-ready IT Parks across the Union Territory in phases, starting with an Innovation and Research Park at the IIT Jammu campus on the outskirts of Jammu city. The project received momentum after the institute's Board of Governors approved the Detailed Project Report earlier this year and the UT administration granted in-principle approval for collaboration. The plan includes upgrading existing space at the campus, constructing new infrastructure by 2028, and expanding the park outside the campus later to encourage greater industry participation, innovation, and employment generation.Read more

17 Mar 2026

Electricity demand from India's expanding data centre sector is projected to reach 13.56 gigawatts (GW) by 2031-32, according to information provided by the Ministry of Electronics and Information Technology in Parliament. Responding to a question in the Rajya Sabha, Minister of State for Electronics and IT Jitin Prasada stated that national data centre capacity has grown significantly in recent years, rising from about 375 megawatts (MW) in 2020 to roughly 1,500 MW by 2025. The anticipated surge in power demand reflects the rapid growth of artificial intelligence infrastructure and large-scale data processing facilities across the country. The government indicated that this rising energy requirement is already being factored into national power planning, while initiatives under the AI compute capacity framework are also expanding access to computing resources for startups, researchers and academic institutions.Read more

17 Mar 2026

GMR Airports Ltd has secured the concession to upgrade, modernise and operate Cargo Terminal 1 at Indira Gandhi International Airport in New Delhi following a competitive bidding process conducted by Delhi International Airport Ltd (DIAL). The development comes nearly ten months after DIAL terminated its cargo concession agreement with Turkish firm Celebi under directions from the civil aviation ministry. According to a regulatory filing, the project will be implemented under a revenue-share arrangement with DIAL and will run until 2036. The company estimated a revenue share payment of around INR 340 crore to DIAL during the first full year of operations. GMR Airports had been handling cargo terminal operations on an interim basis since the termination of the earlier concession agreement, ensuring continuity of services at the country's busiest airport.Read more

17 Mar 2026

Several flyovers across Delhi are showing visible signs of structural deterioration, including cracks on road surfaces, potholes, damaged expansion joints and general wear caused by ageing infrastructure and heavy traffic loads. Authorities have identified at least 17 flyovers across the capital that require repair and maintenance to address safety concerns. Many of these elevated structures were built more than two decades ago as rapid interventions to ease congestion at key intersections and corridors. Over time, increased traffic volumes, delayed maintenance and ageing construction components have contributed to their current condition. Engineers and officials have indicated that repairs, inspections and structural audits will be required to maintain commuter safety and ensure the continued functioning of these transport links, which carry a substantial share of the city's daily vehicular movement.Read more

16 Mar 2026

The government is reconsidering tenders for 1 GW of wind energy projects due to lower than expected industry interest and rising steel prices, a crucial material for project construction. MNRE is engaging with the World Bank and think tanks to create a roadmap for investment in wind energy. Alongside, the ministry is preparing a new policy to promote small hydro projects up to 25 MW. Financial assistance for solar component manufacturing, such as ingots and wafers, is also under consideration, reflecting a comprehensive approach to boost renewable energy development in India.Read more

Mumbai News Desk

16 Mar 2026

A Liberia-flagged oil tanker, Shenlong, carrying Saudi Arabian crude oil arrived in Mumbai after safely crossing the Strait of Hormuz, a key global oil transit route that has been under heightened security concerns. The vessel transported about 135,335 metric tonnes of crude and docked at the Jawahar Dweep terminal off Mumbai's coast for unloading. The shipment is considered significant as it was among the first crude deliveries to India through the strait after regional tensions disrupted shipping activity. The cargo will be processed at refineries in eastern Mumbai, supporting India's energy supply that relies heavily on West Asian crude imports.Read more