
MNRE Allocates CPSUs for Green Hydrogen Implementation

Tata Steel Faces Rs 24.11-Bn Demand from Odisha Authorities
Shares of Tata Steel came under pressure as the company faces a fresh financial demand of Rs 24.11 billion from Odisha authorities. The claim arises from alleged shortfalls in dispatch obligations at the company’s Sukinda mine under the Mine Development and Production Agreement (MDPA). Authorities have included both the asserted sale value of the shortfall and the appropriation of performance security under Rule 12A of the Minerals Concession Rules, 2016.Tata Steel has disputed the demand, stating that it has substantial grounds to challenge it legally. In a statement, the company said, “T..

ECMS to Boost India’s Local Electronics Value Addition to 40%
India’s first Electronics Component Manufacturing Scheme (ECMS) is poised to double local value addition in the production of finished electronic goods to 35–40 per cent over the next five years, according to industry body Elcina.The scheme has attracted record investment proposals worth Rs 1.15 trillion, more than double the initial target of Rs 590 billion. A total of 249 companies have submitted applications, which will undergo screening before approval.Elcina Secretary General Rajoo Goel said, “This is a game changer for India’s electronics ecosystem, boosting value addition from t..

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order
Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..