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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
CM Naidu to lay foundation stone for ReNew’s solar plant ...
2026-04-22 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Andhra Pradesh Chief Minister N Chandrababu Naidu will lay the foundation stone for a mega solar manufacturing facility of ReNew , in Anakapalli district near Visakhapatnam on April 23.

This is one of the key projects approved under Andhra Pradesh’s integrated Clean Energy Policy 2024 and comes at a time when India is aiming to achieve 500 GW of non-fossil fuel capacity by 2030 while simultaneously reducing import dependence and strengthening domestic manufacturing under the vision of Atmanirbhar Bharat.

The upcoming facility - a 6 GW solar ingot and wafer manufacturing unit - represents an investment of approximately ₹5,400 crore and is a key step in building a resilient domestic solar supply chain.

By manufacturing critical upstream components such as ingots and wafers, the project will significantly reduce reliance on imports and strengthen India’s energy security. 

The project is also part of ReNew’s broader ₹82,000 crore investment commitment in Andhra Pradesh, announced earlier, underscoring strong investor confidence in the state’s policy ecosystem and governance. 

Once operational, the facility is expected to be commissioned within 24 months and generate over 2,100 direct and indirect jobs, further boosting industrial growth and employment in the region. 

Published on April 22, 2026