INOXGFL Signs Rs 170 Billion Renewable Energy MoUs

30 Jan 2026 CW Team

INOXGFL Group has signed three memorandums of understanding worth Rs 170 billion with the governments of Uttar Pradesh, Assam and Kerala to invest in India’s renewable energy sector, strengthening its role in the country’s clean energy transition.

The agreements were signed on the sidelines of the World Economic Forum summit in Davos, highlighting growing interest among Indian conglomerates in expanding renewable power generation and domestic manufacturing capacity.

Under the proposed investments, INOXGFL Group plans to develop solar power projects, establish solar cell and module manufacturing facilities, and set up solar module testing laboratories across the three states. Of the total proposed investment, Rs 105 billion has been committed through an agreement with the Uttar Pradesh government, while the remaining Rs 65 billion will be allocated across Assam and Kerala.

The company said the investments align with India’s broader strategy to scale up renewable energy capacity, strengthen domestic manufacturing and reduce dependence on imports across the clean energy value chain.

Headquartered in Noida, INOXGFL Group operates across a diversified portfolio spanning battery materials, wind and solar manufacturing, renewable power generation, fluoropolymers and fluorochemicals. The latest MoUs are expected to support state-level renewable energy objectives while contributing to national targets for clean power expansion and energy security.

The proposed projects are also expected to generate employment and strengthen local supply chains, as states intensify efforts to attract long-term capital into renewable infrastructure and manufacturing.

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..