Jharkhand CM approves first hydrogen fuel industry

01 Aug 2023 CW Team

The nation's first hydrogen fuel-related industry is set to be established in Jamshedpur, as Hemant Soren, Chief Minister, Jharkhand, approved the project, according to an official statement. The investment for this venture will exceed Rs 3.50 billion.

The proposed unit's capacity will include over 4000 Hydrogen IC Engine/Fuel Agnostic Engine and 10,000+ Battery systems, with an investment of Rs 3.54 billion.

The statement mentioned that this initiative is expected to create employment opportunities for more than 310 individuals, both directly and indirectly.

Hemant Soren declared that the Hydrogen Internal Combustion Engine and Fuel-agnostic Engine will be developed in Jamshedpur, East Singhbhum, under the company TCPL Green Energy Solutions (TGESPL). This company is a joint venture between Tata Motors and Cummins Inc., USA.

Regarding the investment proposal, Soren consented to signing a Memorandum of Understanding (MoU) with TGESPL. This consent was given in anticipation of the approval from the Single Window Clearance Committee and High-Power Committee for the establishment of the unit for manufacturing and producing Advance Chemistry Battery, H2 Fuel Cell, and H2 Fuel delivery systems, as per the statement.

Also read:
Experion Capital Invests INR 2 Billion in Gurugram Luxury Project
Tripura unveils ambitious plan: 500 MW Solar Power by 2030

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..