In Short : SAIL’s Salem Steel Plant will adopt renewable energy to power operations and expand its specialty steel production, Union Steel Minister H.D. Kumaraswamy announced. The move aligns with India’s green energy goals while boosting high-grade steel output for defense and space sectors. The minister emphasized modernization and sustainable practices to enhance the plant’s […]
India Unveils ₹5,000 Crore Plan to Boost Rare Earth Production and Cut Import Dependence – EQ
In Short : India has finalized a ₹5,000 crore incentive scheme to boost domestic production of rare earth minerals and magnets, aiming to reduce reliance on Chinese imports. Part of the National Critical Mineral Mission, the plan includes subsidies, export curbs, and a ₹1,500 crore recycling initiative. It targets strengthening India’s supply chain for EVs, […]
India Prioritizes Green Hydrogen Traceability to Boost Global Export Potential – EQ
In Short : MNRE Secretary Santosh Kumar Sarangi stressed the need to track green hydrogen usage to ensure traceability and strengthen India’s export potential. Speaking at the CII International Business Conclave, he highlighted plans to monitor consumption and integrate export incentives into future trade deals. This initiative supports India’s vision to become a global leader […]
Gentari Plans Partial Stake Sale to Boost Renewable Growth in India – EQ
In Short : Gentari, the clean energy subsidiary of Malaysia’s Petronas, is looking to sell up to a 50% stake in its India operations. The potential \$400 million deal involves its 3.5 GW portfolio of wind, solar, and energy storage assets. The move aims to attract partners to expand its renewable footprint and support its […]
Odisha Clears ₹3,879 Crore Investment Push to Boost Jobs and Industrial Growth – EQ
In Short : The Odisha government has approved 17 projects worth ₹3,878.86 crore across 11 districts, expected to generate over 10,500 jobs. Key investments include textile, recycling, sensor, electronics, battery storage, steel, and logistics sectors. Major proposals include MAS India’s ₹885 crore textile unit and Greenwave’s ₹650 crore recycling plant, boosting industrial growth and regional […]
Rayzon Solar Sets Stage for ₹1,500 Crore IPO to Boost Domestic Manufacturing – EQ
In Short : Rayzon Solar, a Surat-based solar panel maker, plans to file draft papers with SEBI for a ₹1,500 crore IPO by June-end. The funds will support manufacturing expansion across its Gujarat plants. With a current installed capacity of 6,000 MW, the company aims to capitalise on India’s growing solar sector after previously raising ₹138 […]
ADB Approves $109.97 Million Loan to Boost Advanced Skills and Employability in Gujarat – EQ
In Short : The Asian Development Bank has approved a $109.97 million loan to enhance advanced skills and employability in Gujarat. The initiative aims to modernize technical and vocational education, align training with industry demands, and improve job prospects for youth. It will also focus on inclusivity by supporting women and underserved communities, boosting Gujarat’s […]
Solarium to Boost India’s Solar Push with 1 GW Manufacturing Plant in Ahmedabad – EQ
In Short : Solarium is set to establish a 1 GW solar module manufacturing plant in Ahmedabad, marking a major step in boosting domestic renewable energy production. The facility will focus on high-efficiency solar modules to meet growing market demand. This initiative aligns with India’s goal of strengthening local manufacturing under the Atmanirbhar Bharat initiative […]
IREDA Successfully Raises ₹2,005.90 Crore via QIP to Boost Green Financing – EQ
In Short : IREDA has raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), issuing 12.15 crore equity shares at ₹165.14 each. The issue was oversubscribed 1.34 times, with LIC acquiring nearly half. Funds will strengthen IREDA’s Tier-I capital and support renewable energy financing, reinforcing investor confidence and advancing India’s green energy transition goals. In […]
Madhya Pradesh Secures ₹20,000 Crore Boost for 5,000 MW Solar Energy Expansion – EQ
In Short : Banks have signed MoUs to fund 5,000 MW solar power projects worth ₹20,000 crore in Madhya Pradesh. These plants aim to significantly boost the state’s renewable energy capacity. The initiative is part of MP’s push for green energy, ensuring cleaner power and supporting national sustainability goals. The projects will also create jobs […]