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Exide Industries invests Rs 1499.90 million in lithium battery subsidiary EESL
Exide Industries Limited has invested Rs 1499.90 million in its subsidiary, Exide Energy Solutions Limited (EESL), through a rights-based equity subscription. This brings Exide’s total investment in EESL to Rs 33,022.3 million, including prior investments in the now-merged Exide Energy Private Limited. EESL issued 41,663,892 equity shares with a face value of Rs 10 each,…
Bajel Projects posts highest annual profit since listing in FY26
Bajel Projects Limited has reported its audited standalone financial results for the quarter and financial year ended March 31, 2026, recording its strongest annual performance since listing. The company reported standalone revenue from operations of Rs 2,792 crore in FY26, compared to Rs 2,598 crore in FY25. Profit After Tax (PAT) increased 74% year-on-year to…
MHI signs agreement with Reliance for 10 GWh ACC capacity
The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). Signed on February 17, 2025, the agreement grants Reliance a 10 GWh ACC manufacturing capacity, making it eligible for incentives…
Satellite images reveal China’s race to dominate nuclear fusion
Satellite images have revealed that China is constructing a major nuclear fusion facility in Mianyang, designed to be 50 per cent larger than the United States’ National Ignition Facility (NIF) in California. The development marks a significant move in global nuclear fusion research. According to analysis reported by Reuters, the facility will use laser-driven fusion…
India | Leadership | NewsNTPC appoints Dr. Som Nath Sachdeva as independent director
NTPC Limited has appointed Dr. Som Nath Sachdeva as an Additional Director in the capacity of Independent Director on its Board with effect from July 18, 2026, according to a regulatory filing submitted to the stock exchanges. The appointment follows an order issued by the Ministry of Power and was approved by the company’s Board…
Six hydropower projects in Northeast marked as vulnerable
The Union Power Ministry has identified six major hydropower projects in the Northeast as vulnerable. According to Minister of State for Power Shripad Naik, the Central Electricity Authority (CEA) classified these projects as vulnerable because they are situated above 1,500 metres and located as the first projects in their respective river basins in the upper…
