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Hindalco Industries will invest Rs 50,000 crore in India over the next three years across upstream and downstream businesses and is evaluating an additional Rs 50,000 crore of growth opportunities, creating a potential Rs 1 lakh crore investment pipeline, its Chairman Kumar Mangalam Birla said on Thursday. Speaking at the company's 67th Annual General Meeting, Birla said, "Across our businesses, Hindalco is executing an unprecedented investment to enhance capacities in our mines, upstream and downstream operations in India. We have already earmarked Rs 50,000 crore for strategic growth projects across the value chain. Another Rs 50,000 crore of opportunities are being evaluated." This potential Rs 1 lakh crore investment pipeline will lift the company's growth trajectory and put the company in a strong position to meet India's demands for metal solutions. Hindalco Industries, he said, is investing across the value chain to build scale, strengthen resource security and create ...
The government on Tuesday said that Production Linked Incentive (PLI) schemes have resulted in actual investments of over Rs 2.40 lakh crore and generated over 14.15 lakh jobs until March this year. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that the schemes have collectively enabled exports of over Rs 15.2 lakh crore since their inception, reflecting India's growing integration with global value chains. "As on March 31, 2026, under the PLI Schemes resulted actual investment of over Rs 2.40 lakh crore and employment generation of over 14.15 lakh (direct and indirect)," he said. According to the data provided by the minister in his reply, the maximum investment was received in the high efficiency solar PV modules (Rs 64,873 crore). It was followed by pharma (Rs 45,158 crore), auto (Rs 44,326 crore), speciality steel (Rs 23,896 crore), and the large-scale electronics manufacturing sector till March (Rs 20,580 ...
The Union Cabinet on Wednesday approved a National Investment Policy 2026 to create fresh domestic urea capacity of 10 million tonne and make India self-reliant in the most widely consumed fertiliser in the country. The new investment framework, approved in the cabinet meeting, chaired by Prime Minister Narendra Modi, will support the setting up of 8-9 new natural gas-based plants. "India's import dependence has come down due to the addition of six new plants in the last decade. Creation of an additional 8-9 new plants will help the country meet its complete requirement locally and make it self-reliant in this fertiliser," I&B Minister Ashwini Vaishnaw told reporters after the meeting. Urea requirement is rising by 5 per cent per annum. India's urea production is around 30 million tonne against the demand of 40 million tonne. The gap of 10 million tonne is met through imports. The policy approved today aims to create additional urea capacity and become self-reliant, he said. Under
Swedish furniture retailer IKEA plans to more than double its investment in India to over Rs 21,000 crore by 2030 as it accelerates store expansion, strengthens local sourcing and deepens omni-channel presence to reach a turnover of Rs 8,000 crore, said its India business head Patrik Antoni. The company, which had committed to invest Rs 10,500 crore in India in 2013, when it received approval for single-brand retail operations, has already surpassed that level of investment, with the two upcoming multi-use Lykli centres in Delhi-NCR, the IKEA India CEO told PTI. "We made a commitment to the authorities that we would invest Rs 10,500 crore. This amount is already committed to India at the moment, and we see that we will probably double that investment going forward. By 2030, we should have doubled that at least," said Antoni. The new tranche of investments will be directed towards expanding the retailer's physical footprint, mixed-use developments, renewable energy projects, sourcing
State-run power giant NTPC board has approved Rs 20,456.70-crore investment for 1,600 MW Lara Super Thermal Power Project Stage-III in Chhattisgarh. "The Board of Directors of NTPC Limited in its meeting held today, i.e. 11th July 2026 has, inter-alia, approved investment proposal for Lara Super Thermal Power Project, Stage-III (2x800 MW) at current estimated cost of Rs 20,456.70 crore," the company said in an exchange filing on Saturday. On June 5, the NTPC had sought bids from technology solutions players to help its sub-critical thermal power units operate at lower load and ensure flexibility for the electricity distribution network to use both thermal and renewable energy more efficiently. The project will require providing technical support to sub-critical thermal units ranging between 150 MW and 250 MW, enabling them to operate in two shifts and at a minimum technical load of 25 per cent, NTPC had said in a statement. Sub-critical thermal units can offer greater flexibility .
Flipkart on Monday said it would deepen its long-term investments in West Bengal, expanding its supply chain infrastructure, seller ecosystem and skills initiatives in the state, which houses the company's largest fulfilment centre in India. The Walmart-owned e-commerce company said West Bengal is home to its largest fulfilment and logistics hub, located at Haringhata, and remains central to its long-term growth strategy. The Haringhata campus has a storage capacity of 5 million cubic feet across six mezzanine levels and features automated storage and retrieval systems, robotic packaging arms, cross-belt sorters and a nine-kilometre conveyor network. Flipkart said the facility is the first e-commerce fulfilment centre of its scale in India to receive the Indian Green Building Council's Platinum certification. Across West Bengal, the company operates more than 300 fulfilment centres, mother hubs and last-mile delivery facilities, supporting more than 120,000 direct and indirect jobs
West Bengal Chief Minister Suvendu Adhikari on Saturday announced that his government would introduce a single-window clearance mechanism for investment proposals of Rs 100 crore and above, asserting that land availability would not be a constraint for industries in the state. Speaking at the foundation stone-laying ceremony of a new manufacturing facility of Lux Industries at Dankuni in Hooghly district, Adhikari said the government was committed to creating a business-friendly environment and attracting fresh investments. "There will be a single-window clearance system for investment proposals worth Rs 100 crore and above. Land availability will not be an issue for industry," he said, laying the foundation stone for the Rs 600-crore plant. Claiming that West Bengal was poised to regain its position as a leading investment destination, he said the state was entering a new phase of industrial growth. "West Bengal will once again become India's top destination for investment. A ...
Billionaire Gautam Adani will file this week a sworn affidavit in a US federal court stating whether he is aware of any promise, agreement or benefit linked to the US government's decision to dismiss a criminal indictment against him. US District Judge Nicholas Garaufis directed Adani to file the affidavit by July 15 before ruling on the Justice Department's motion to dismiss the indictment with prejudice. The judge asked Adani to state whether he is aware of any promise, offer, agreement or benefit connected to the dismissal, or of any exchange made in return for the charges being dropped. Sources said Adani is likely to file the affidavit this week. The Adani group did not offer any comment on the issue, saying the matter is sub judice. The order of June followed a filing by Principal Associate Deputy Attorney General in the Department of Justice, R Trent McCotter, who said he was the "final and sole decision-maker" behind the dismissal and denied media reports that the decision