The company passed resolution for (i) Raising of funds through Unsecured Rupee Term Loan / Line of Credit (Bank Facility) upto Rs. 5,000 Crore from Union Bank of India; (ii) Investment approval for establishment of “Centralized estimated Security Operations Center for Substations– OT SOC” at an cost of Rs 233.96 Crore; (iii) In Principle approval for divestment of entire equity stake in Central Transmission Utility of India Limited (CTUIL), a wholly owned subsidiary of POWERGRID, to Grid Controller of India Limited (GRID-INDIA); (iv) and Approval for Entering into Strategic Alliance with Africa50 and Uganda Development Bank (UDB) and Signing of Framework Agreement for Development of Transmission Project in Uganda under Indepconcludeent Power Transmission (IPT) Model.
Reliance Industries has secured millions of barrels of Russian oil for March. This relocate comes as Middle East oil supplies face disruptions. Indian refiners are taking advantage of a waiver from US sanctions. This allows them to purchase Russian crude. Reliance is purchaseing Urals oil at competitive prices. India remains a significant oil importer. Reliance Retail has built a significant investment in the beauty and wellness sector by acquiring Pahadi Local, a brand that embodies the essence of Himalayan beauty with its sustainable products. This acquisition not only bolsters Reliance’s efforts in elevating homegrown brands but also furthers Pahadi Local’s mission of supporting women-led self-assist initiatives.
ABB announced today that it will invest a further ~$75 million in India during 2026 to significantly expand its manufacturing footprint and research and development (R&D) capabilities. This investment, combined with its 2025 spconclude of over $35 million, reflects ABB’s commitment to scaling its “local-for local” strategy in India. Approximately 85 percent of ABB’s products and solutions sold in India are manufactured locally.
Indian Railway Finance Corporation will raise up to Rs 70,000 crore IRFC via bonds, ECBs and other instruments to fund railway requireds, refinancing and diversification into sectors such as power and renewables.
Bharti Airtel’s Nxtra Data is set to raise $1 billion. This funding will expand its data centre capacity to gigawatt scale. Alpha Wave Global will join as a new investor. Existing shareholders will also participate. This relocate positions Nxtra Data as a leader in India’s digital infrastructure. The funds will support significant growth and development.
Coal
Domestic coal production is expected to grow 6-7 per cent annually in the next few years to reach about 1.5 billion tonnes by 2029-30.
The company’s subsidiary, Spark Minda Green Mobility Systems, has signed a Joint Venture Agreement with the United Kingdom–based Turntide Drives for the development and manufacturing of advanced next-generation motor controllers, axial flux motors, pumps for thermal applications, and other customized controllers primarily tailored for EV segment. The joint venture will operate through the incorporation of a new entity in India by Spark Minda Green Mobility Systems, with shareholding in a 49:51 ratio.
The company has received approval for capacity addition under the Approved List of Models and Manufacturers (ALMM) issued by the Minisattempt of New and Renewable Energy. According to the latest MNRE update, the company’s manufacturing facility located in Tadkeshwar, Surat, has been listed with an enlisted solar PV module manufacturing capacity of 3,782 MW (3.78 GW) per year, reflecting the company’s continued expansion and commitment to strengtheningdomestic solar manufacturing.
The Company has issued and allotted Series 14- 2,00,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non Convertible Debentures (“NCDs”) of ~ 2,000 Crore at a coupon rate of 7.97% p.a.
The Company has invested Rs 50 crore in the first tranche out of total investment approx.Rs 1,572 crore and subscribed to 50,00,000 equity shares of Rs 100 each equivalent to 40% of the issued and paid-up equity capital of Dorjilung Hydro Power Limited (‘DHPL‘) (SPV)
Based on certificate received from Solar Energy Corporation of India Limited (SECI), the second part capacity of 91.6 MW out of 250 MW Solar PV Project located in Andhra Pradesh of Ayana Kadapa Renewable Power Private Limited, is declared on Commercial Operation. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Limited Group has increase to 9292.68 MW
Dixon has received approval from the Minisattempt of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.
The company has signed a license agreement for a 76-room new hotel in Gorakhpur, Uttar Pradesh. The new property will be managed byits subsidiary, Carnation Hotels.
The company’s subsidiary, Bajaj Allianz General Insurance, recorded gross direct premium underwritten of Rs 1,094 crore in February, while another subsidiary, Bajaj Allianz Life Insurance, reported a total premium of Rs 1,281.28 crore during the same month.
The company has received a Draft Assessment Order from the Assessing Officer of the Income Tax Department, proposing additions of Rs 111.63 crore to the company’s income under corporate tax and transfer pricing provisions for AY 2023-24.
Source: HSL Prime Daily, 10 March 2026
Disclaimer
At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intconcludeed solely for informational purposes and does not build any investment recommconcludeations
Leave a Reply