The recent developments in the energy and infrastructure sector in India have been quite significant. Here are some key highlights:
1. NTPC has signed an MoU with GRIDCO and CRUT to set up green hydrogen infrastructure in Odisha. This move signifies a step towards sustainable energy solutions in the state.
2. Adani Defence Systems and Technologies Ltd (ADSTL) has acquired 85.8% shareholding in Air Works India (Engineering) Pvt Ltd, a maintenance, repair, and overhaul (MRO) company. This acquisition is a strategic step in shaping the future of India’s aviation industry.
3. Websol Energy System is gearing up to start commercial production of PV cells in July 2025 at its expanded project in West Bengal. The capacity expansion at its Falta plant is a significant investment in renewable energy infrastructure.
4. Indian Renewable Energy Development Agency (IREDA) has sanctioned ₹3,000 crore for green energy projects in Odisha, highlighting the focus on renewable energy development in the state.
5. Wipro has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), underscoring the company’s commitment to enhancing its marketing strategies globally.
6. Bharat Forge has approved an infusion of $64.50 million into its subsidiary, Bharat Forge America, along with settling a case with SEBI related to alleged violation of disclosure norms.
7. Symphony has entered into a loan agreement with its subsidiary Symphony AU Pty Ltd to meet working capital requirements and general corporate purposes.
8. Alankit has settled an arbitration case with Protean eGov Technologies for a sum of ₹38.06 crore, marking a resolution in the legal dispute.
9. Waaree Energies Ltd has approved investment proposals totaling ₹850 crore to set up electrolyser and storage cell manufacturing facilities, demonstrating a focus on renewable energy technologies.
10. Metals and Minerals Trading Corporation of India Ltd (MMTC) received warning letters from the NSE and BSE for not convening a stakeholders relationship committee during the financial year 2023-2024.
These developments highlight the ongoing investments and strategic initiatives in the energy, infrastructure, and technology sectors in India, paving the way for sustainable growth and innovation in the future.
