Tata Electronics’ upcoming semiconductor facility in Assam is set to receive government incentives worth ₹14,044 crores, providing a significant boost to one of India’s largest semiconductor manufacturing investments. As per official data shared in the Assam Legislative Assembly, the incentive package includes ₹10,255 crores from the Central Government and ₹3,789 crores from the Assam Government to support the company’s ₹27,000 crores semiconductor project being developed at Jagiroad in Morigaon district. The project is being developed as an Outsourced Semiconductor Assembly and Test (OSAT) facility, which will play a key role in India’s efforts to establish a robust domestic semiconductor manufacturing ecosystem.…
Author: Ranganathan
The Aditya Birla Group has signed a definitive agreement to acquire 100% equity shares and securities of Solenergi Power Private Limited, which owns the Sprng Energy group of companies, from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc. The proposed acquisition through Aditya Birla Renewables Limited (ABRen) marks one of the largest transactions in India’s renewable energy sector in terms of both value and scale. The transaction values the business at an enterprise value of ₹17,200 crores (US$1.8 billion). The equity consideration payable to the seller will be determined after adjustments for debt, cash and other items…
JBM Electric Vehicles (P) Ltd. (JBMEV) has entered into a strategic partnership with DRIVN, an electric commercial vehicle leasing platform, to deploy 500 ultra-modern electric luxury buses across India. The collaboration marks a significant step in expanding the country’s sustainable public transport ecosystem by combining advanced electric bus technology with integrated leasing and mobility solutions. The initiative also supports JBM Electric Vehicles’ long-term Net Zero 2040 commitment by accelerating the adoption of zero-emission commercial transportation. Under the Memorandum of Understanding (MoU), JBM Electric Vehicles will supply the electric buses in a phased rollout over the next 12 months. The first…
Zelio E-Mobility has expanded its manufacturing footprint in India with the commencement of operations at a new production facility in Coimbatore, Tamil Nadu. The strategic investment is expected to significantly enhance the company’s manufacturing capabilities while supporting the growing demand for electric two-wheelers across the country, particularly in southern India. The new facility marks an important milestone in Zelio’s expansion strategy as India’s electric mobility market continues to witness steady growth driven by rising consumer awareness, supportive government policies and increasing adoption of sustainable transportation solutions. By establishing a manufacturing base in Coimbatore, one of India’s prominent automotive and industrial…
RenewSys India Pvt. Ltd. has appointed Rajesh Singh as Chief Executive Officer – Encapsulants & Backsheets, effective 01st July, 2026. The leadership appointment comes as the company continues to strengthen its capabilities in photovoltaic materials and expand its presence in the global solar manufacturing ecosystem. Before assuming his new role, Singh served as RenewSys’ Chief Technology Officer, where he was instrumental in driving product innovation, manufacturing excellence and technology advancement across the Encapsulants & Backsheets business. Bringing more than 20 years of experience in the photovoltaic industry, he has played a significant role in developing advanced solar materials while delivering…
Regency Fincorp Limited, a non-banking financial company (NBFC) focused on delivering accessible and customer-centric financial solutions, has successfully completed its ₹50 crore Listed Non-Convertible Debenture (NCD) issue during the first quarter of FY 2026–27. The capital raised is expected to enhance the company’s liquidity position and strengthen its capital base, supporting its long-term growth strategy centered on secured lending, digital innovation and portfolio diversification. The successful fund raise coincided with a strong operational performance during the quarter. Regency Fincorp reported a 45% growth in its secured loan portfolio, which increased from ₹159 crore in March 2026 to ₹230 crore by…
SGS has announced that its Pune Chakan laboratory has become the first automotive testing facility in India approved to deliver testing services under the Trusted Information Security Assessment Exchange (TISAX). The development marks a significant step in strengthening India’s automotive information security capabilities while expanding SGS’ global TISAX network. The recognition enables automotive manufacturers, suppliers and engineering organizations in India to access internationally recognized TISAX testing services locally, helping them meet evolving information security expectations across global automotive supply chains. TISAX is an information security assessment framework designed specifically for the automotive industry. Developed by the German automotive sector and…
Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Limited has secured a ₹558.29 crore contract from NTPC Renewable Energy Limited for the supply of Solar PV Modules, further strengthening the company’s presence in India’s expanding renewable energy manufacturing sector. According to the company’s stock exchange filing, the contract will be executed during the financial year 2026-27. The order awarded by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited is valued at ₹558.29 crores, inclusive of applicable GST. Demand for Domestic Solar Modules Continues to Grow The latest order comes at a time when…
Solex Energy has secured a ₹628.37 crore work order for the supply of N-Type TOPCon Glass-to-Glass Solar PV Modules, marking another milestone for the Gujarat-based solar manufacturer as demand for high-efficiency photovoltaic technologies continues to grow. The order has been awarded by an international renewable energy group with operations across multiple countries. Under the contract, Solex Energy will supply 615 Wp and 620 Wp N-Type TOPCon G12R Glass-to-Glass Solar PV Modules, with the total order value including applicable duties and taxes. While the announcement highlights another major order for Solex Energy, it also reflects a broader trend shaping the global…
JSW Energy has secured a ₹443.74 crore Battery Energy Storage System (BESS) order from Bondada Renewable Energy Private Limited, marking another step in the company’s growing presence in India’s rapidly expanding energy storage market. This BESS order has been awarded to JSW Energy PSP Eleven Limited (JEPEL), a step-down subsidiary of JSW Energy for the supply of a 200 MW / 400 MWh Battery Energy Storage System (BESS) along with Power Conversion System (PCS) solutions. Bondada Renewable Energy is a wholly owned subsidiary of Bondada Engineering Limited. While the announcement adds another project to JSW Energy’s growing order book, it…
While most reports have focused on the inauguration of Premier Energies’ next-generation solar module manufacturing facility at Seetharampur in Telangana, the bigger story lies in what this investment represents for India’s renewable energy manufacturing ecosystem. Spread across 75 acres and backed by an investment exceeding ₹1,000 crores, the project is more than an increase in production capacity. Alongside the inauguration of a 5.6 GW solar module manufacturing facility, the company also laid the foundation for a Battery Energy Storage System (BESS) plant and an aluminium manufacturing unit. Together, these three projects signal a broader strategy aimed at strengthening domestic manufacturing,…
Rajesh Power Services Limited has secured fresh turnkey contracts worth ₹653.12 crores (inclusive of taxes) from Paschim Gujarat Vij Company Limited (PGVCL) for the development of underground power distribution infrastructure across Gujarat, reinforcing the company’s presence in one of India’s fastest-growing utility infrastructure segments. According to the company’s regulatory filing with the Bombay Stock Exchange (BSE), the contracts involve converting existing 11-kV High Tension (HT) and Low Tension (LT) overhead electricity distribution networks into underground cable systems across the Bhavnagar, Anjar, Junagadh and Porbandar distribution circles. The scope of work also includes the installation of Ring Main Systems (RMS), GIS-based…