In a first for India’s fledgling spacetech sector, a private consortium will invest over ₹12 billion over five years to deploy a constellation of 12 cutting-edge Earth observation satellites equipped with panchromatic, multispectral, hyperspectral, and microwave SAR sensors. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected a PixxelSpace India-led consortium—comprising Piersight Space,...
Category: ECONOMY & POLICY
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IRB Infra and InvIT Projects Post 10% Growth in July 2025 Toll Collections
The company expects a further upside in traffic volumes and toll revenues with the onset of the festive season in India. After registering a strong year-on-year toll revenue growth of around 8 per cent in the first quarter of FY2026, IRB Infrastructure Developers Ltd and IRB Infrastructure Trust have collectively reported a 10 per cent...
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India Sets Global Record with $0.64/kg Green Ammonia Price Under Hydrogen Mission
This translates to approximately $641 per metric tonne, which is a substantial drop from the previously discovered price of ₹100.28 per kg in the H2Global auction in 2024. In a first under the National Green Hydrogen Mission, the Solar Energy Corp. of India (SECI) has completed the procurement of green ammonia at a significantly lower...
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IndiGo Starts Construction on One of India’s Largest MROs in Bengaluru
Set to be operational by early 2028, the facility marks a strategic step in IndiGo’s ambition to become a global aviation leader by 2030. IndiGo commenced construction of its world-class maintenance, repair and overhaul (MRO) facility in Bengaluru on Tuesday. The carrier held a bhoomi poojan (groundbreaking ceremony) at Kempegowda International Airport to mark the...
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SDHI to Manufacture Varex Cargo Inspection Systems in India
SDHI will exclusively produce Varex’s high-energy imaging systems at its Pipavav facility in Gujarat, supporting cargo inspections across India’s land and maritime gateways. Swan Defence and Heavy Industries (SDHI), a leading shipbuilding and heavy fabrication company, has signed an agreement with US-based Varex Imaging Corp. to manufacture advanced cargo and vehicle inspection systems in India....
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Ceinsys Tech Profit Surges 112% in Q1 on Execution of FY2025 Infrastructure Mandates
State-level infrastructure mandates from Maharashtra are now driving revenue and delivery momentum. BSE-listed digital engineering company Ceinsys Tech Ltd. delivered a strong performance for Q1 of FY2026, driven by the execution of major infrastructure and platform-led projects awarded in the previous fiscal. Revenue rose 112 per cent YoY and 10 per cent QoQ, with EBITDA...
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ArcelorMittal Reports $1.8 Billion Net Income in Q2 FY2025, Up Threefold
The surge was driven by $0.8 billion in exceptional items, net of impairments and tax effects, alongside margin gains and strategic investments. ArcelorMittal, the world’s leading steel and mining company, posted a robust financial performance for the second quarter of 2025, reporting a threefold increase in net income to $1.8 billion, up from $504 million...
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India’s MNRE Revises Solar Cell ALMM Rule to Support Domestic Bids
The adjustment is expected to streamline compliance and provide greater clarity for bidders participating in government tenders. The Ministry of New & Renewable Energy (MNRE) has amended its guidelines for the Approved List of Models & Manufacturers (ALMM) for solar photovoltaic (PV) cells. Under the revision, the mandate to use domestically listed PV cells will...
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REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs
With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...
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Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha
The Andaman Basin emerges as a key frontier in India’s energy exploration, with drilling operations by ONGC and OIL targeting depths of up to 5,000 metres in ultra-deepwater regions. India is witnessing a renewed surge in oil and gas exploration, particularly offshore, revealing vast untapped hydrocarbon potential. In a written reply to a starred question...