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Jupiter Electric Mobility signs MoUs for BESS projects
Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons (JWL), today announced the signing of formal MoUs with Chalukya Power and Pickrenew Energy, two of India's marquee renewable energy developers. The agreements add 110 MWh of Battery Energy Storage System (BESS) business, comprising a mix of Utility-scale and Commercial and Industrial (C&I) deployments, to JEM Energy's orderbook for FY 2026-27.
Kalpataru expects Rs 1,250 crore revenue from new cluster redevelopment project in Mumbai
Realty firm Kalpataru Ltd anticipates a revenue of Rs 1,250 crore from a significant cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai. This project involves five adjacent societies and spans 2.8 acres. The company views redevelopment as a way to revitalise communities. Kalpataru Ltd is a major real estate developer with numerous completed and ongoing projects across India.
Jupiter Wagons jumps as arm signs BESS deals worth 110 MWh
Jupiter Wagons rose 4.01% to Rs 288.10 after its subsidiary, Jupiter Electric Mobility (JEM), signed strategic agreements with renewable energy firms Chalukya Power and Pickrenew Energy for Battery Energy Storage System (BESS) projects.
Sterlite Technologies shares rise 5% after subsidiary bags $1.1 billion hyperscaler AI contract
Sterlite Technologies shares rose nearly 5% after its subsidiary secured a multi-year optical connectivity supply agreement worth an estimated $1.11 billion from a global hyperscaler for AI-ready data centre projects in the US. The deal, spanning FY27–FY29, strengthens STL’s position in the growing AI infrastructure space and supports hyperscale data centre deployments with advanced networking solutions.
Bhudevi Infra Projects reports standalone net profit of Rs 1.55 crore in the March 2026 quarter
Sales rise 388.14% to Rs 2.88 crore
Delayed solar projects may get limited relief ahead of June 1 sourcing deadline
The government is currently considering measures to ease the burden on solar initiatives delayed by unforeseen circumstances. While a total lift on the local sourcing regulations for solar cells is not anticipated, talks are active regarding potential extensions for projects grappling with transmission network setbacks. Should an exemption be approved, it is expected to be short-term.
Traffic at Delhi Airport unaffected by Iran war, GMR bets on long-term aviation growth
Indira Gandhi International Airport anticipates strong future growth in Indian aviation. Operator GMR Airports remains bullish on the economy despite a short-term traffic dip from the Iran conflict. Infrastructure expansion is planned. New projects include an automated people mover system. Cargo expansion is also underway. Competition from Noida International Airport is expected to have minimal impact.
Cement makers expect 7-8% growth in FY27 despite West Asia headwinds
Indian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure projects and housing demand are key drivers. Companies are increasing capital expenditure to support this expansion. Despite rising fuel costs and geopolitical concerns, the sector remains optimistic about its long-term growth trajectory.
Coal India plans syngas projects near gas-based power, DRI and fertiliser units as gas supply tightens
In a strategic move to bolster energy security, Coal India is gearing up to establish new coal-to-syngas facilities strategically positioned at mine pitheads or close to industrial users. This initiative comes in light of recent global gas supply challenges, prompting the company to actively seek partnerships with developers and industrial off-takers for these innovative projects.
IRFC to raise ECB loan worth $2 billion to finance large infra projects
Indian Railway Finance Corporation is set to raise USD 2 billion through external commercial borrowing. This funding will primarily be in Japanese yen to support business growth in the current financial year. The company has already secured a loan agreement for USD 1.1 billion.
HRS Aluglaze revenue jumps 60% on business expansion, new orders in FY26: MD
HRS Aluglaze experienced a significant 60% revenue surge in FY26, reaching Rs 67.53 crore, driven by new orders across diverse projects and the commencement of a new Rs 16 crore manufacturing facility in Ahmedabad. Profit after tax also saw a substantial increase, more than doubling to Rs 10.21 crore, reflecting strong business expansion and enhanced execution capabilities.
GHV Infra Projects standalone net profit rises 41.92% in the March 2026 quarter
Sales rise 29.49% to Rs 213.60 crore