Pace Digitek Limited reported its audited financial results for the quarter and financial year ended March 31, 2026, with growth in revenue and profit supported by expansion in its battery energy storage system (BESS) and telecom infrastructure businesses. Revenue from operations for FY26 increased 8.3% year-on-year (YoY) to Rs 2,641 crore from Rs 2,438.8 crore…
The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced a new Standard Operating Procedure (SOP) to accelerate approvals for Foreign Direct Investment (FDI) proposals requiring government clearance, with several energy manufacturing segments included under a fast-track framework. The SOP establishes a paperless and time-bound approval system through the Foreign Investment Facilitation (FIF)…
Prostarm Info Systems Limited has signed a memorandum of understanding (MoU) with Shenzhen Topband Co. Ltd. to explore collaboration for manufacturing battery energy storage systems (BESS) in India under a semi-knocked down (SKD) model, according to a regulatory filing dated April 7, 2026. The company’s board approved the MoU on April 7, 2026. Under the…
Japanese electronics and energy components manufacturer TDK Corporation has expressed intent to invest about Rs 4,000 crore in Haryana to set up a Battery Energy Storage System (BESS) manufacturing unit, according to a state government statement issued March 21. The proposal was discussed during a meeting between a TDK delegation, Haryana Chief Minister Nayab Singh…