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REC signs MoU with RE developers for Rs 1.12 trillion during 4th RE-INVEST

This will increase the share of Renewables from current 8% to 30% by 2030, as REC’s loan book is projected to be of Rs 10 trillion by 2030.Read more

Gautam Solar to invest Rs 10 billion in 2 GW solar cell manufacturing facility

Gautam Solar has already acquired a 60-acre land parcel in Bhiwani, Haryana, for the purpose of manufacturing solar panels and their raw materials.Read more

Poly Medicure to use Rs 10 billion fundraise for capex and acquisitions

Expansion efforts are underway in areas such as cardiology, critical care, and renal diagnostics, focusing on manufacturing to broaden its market presence. Read more

India targets Rs 10.6 trillion for green hydrogen and 135 GW of clean energy

Gujarat and Tamil Nadu will be crucial in this transition, contributing 43% and 24%, respectively, of the total renewable energy needed.Read more

Orkla India and CleanMax partner to make MTR Karnataka factories 100% renewable

The partnership involves a 25-year power purchase agreement (PPA) for the generation and supply of renewable energy from a 6.6 MWp Solar Captive Power Project located in Jagaluru, Karnataka.Read more

Gadkari suggests vehicle scrapping to boost auto sales by 18-20%

Currently, India has 63 scrapping centers and 78 fitness centers, with plans for more.Read more

ISM aims for 10 semiconductor plants in 10 years: CEO

The government has received 20 proposals for semiconductor units, including chip packaging plants, with five projects already approved involving investments totalling Rs 1.52 trillion.Read more

Engineers India gets Rs 46.81 billion business; Order book now Rs 113.5 billion

The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments.Read more

Servotech receives order to install 11 public EV charging stations for BESCOM

Additionally, Servotech will provide warranty support and handle all necessary electrical connections and power supply arrangements.Read more

Indian defence market set for 14% annual growth amid government indigenisation

The market opportunity for Indian defence companies is estimated to range between $90-100 billion over the next 5-6 years, with an annual growth rate of approximately 13% during this period.Read more

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