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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
Visakhapatnam: Reliance sets up ₹1 lakh cr in new data ce...
2026-05-06 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Reliance will set up a new data centre in Visakhapatnam with an investment of ₹1.08 lakh crore. A proposal in this regard was approved by the Andhra Pradesh State Investment Promotion Board (SIPB) chaired by Chief Minister N Chandrababu Naidu in Amaravati on Wednesday.

Reliance first announced its intention to invest in the state at the CII Partnership Summit held last year.  The SIPB also approved other investment proposals including Adani Energy Hydro Energy Pumped Storage Project (₹12,000 crore) and Motorcycle manufacturing plant in Tirupati by Royal Enfield (₹2,500 crore).

The approved investment proposal for the Reliance Data Center in Visakhapatnam will be the second major project of data center in the State. Last month, the construction of ₹15 lakh crore Google Cloud AI Hub commenced in Anakapalli near Visakhapatnam.

Speaking on the occasion, the Chief Minister said all MoUs being entered into by the state government should convert into investments. Measures should be take to ensure timely grounding of the approved investment projects, Naidu added., according to a release.

Published on May 6, 2026