JSW Steel overtakes global giants to become world’s most valuable steel company
Sajjan Jindal-led JSW Steel has become the most valuable steel company in the world by market capitalisation, toppling global giants such as Nucor, ArcelorMittal and Nippon Steel. A strong rally in metal stocks amidst the bull charge in the broader market boosted the company’s fortunes.

Steel mills slash production amid surging imports, soaring trade deficit
New Delhi: Major steel mills, except JSPL, have slashed production of finished steel or kept it flat in the 11-month period of the current fiscal (April – Feb, citing “unplanned outages” amid rising imports — likely a strategic move to push domestic prices higher.

Nikol Automotive Private Limited achieves design registration from the patent office, government of India for innovative ac hybrid charger for electric vehicles
Pune: Nikol Automotive Private Limited, operating under the brand name NIKOL EV, is pleased to announce that it has received the Certificate of Registration of Design from the Patent Office, Government of India. This certification pertains to the company's innovative design for an Alternate Current (AC) Hybrid Charger for Electric Vehicles, registered under Class 13-02.

Petrol consumption decline to 12-month low, diesel consumption at 5-month low
India's fuel consumption saw a decline in February 2025, primarily due to a shift towards alternative fuel sources such as electric vehicles (EVs) and compressed natural gas (CNG), according to a report by SBI Securities.

Reliance Green, L&T Energy, Waaree among 9 to win Hydrogen projects
Reliance Green Hydrogen and Green Chemicals, L&T Energy, AM Green Ammonia, and Waaree Clean Energy Solutions were among nine companies to have won the tenders for setting up green hydrogen production facilities under the second tranche of Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, as per an order issued by the Solar Energy Corporation of India (SECI).

IREDA shares surge 8% in 5 sessions: What’s driving the rally?
IREDA’s share price fell 2% to a low of Rs 166.55 on Wednesday after the recent 8% surge over 5 trading sessions. The company’s board approved plans to borrow Rs 30,800 crore for FY25-26. The company will raise money through different financial instruments like taxable bonds, green taxable bonds, sub-ordinated tier-II bonds, perpetual debt instruments, public & private placement of tax-free bonds, capital gains tax bonds, etc.

Supreme power equipment secures Rs 3.43 cr order from solar energy firm

Chennai: Supreme Power Equipment Limited (SPEL), (NSE Code: SUPREMEPWR), one of the leading manufacturers of power and distribution transformers, announced the receipt of a new domestic order worth Rs 3.43 Cr from a well-established Solar Energy Company based in Coimbatore. The order entails the manufacturing and supply of outdoor oil-cooled power transformers, specifically engineered to meet stringent technical specifications required for robust performance in renewable energy applications.

Mandating storage for rooftop solar may backfire without clarity
Rooftop solar (RTS) has gained significant momentum in India following the launch of the PM Surya Ghar Muft Bijli Yojana (PM Yojana). Before the scheme, cumulative RTS installations stood at 11.07 Gw, but in the past year alone, 5.21 Gw has been added, predominantly in the residential sector.

We are building the complete solar supply chain: Indosol CMD Reddy
Indosol Solar, a solar manufacturing subsidiary of Andhra Pradesh-based Shirdi Sai Electricals Ltd (SSEL) Group was one of the first winners of Centre’s flagship production linked incentive (PLI) scheme for solar manufacturing. Apart from Reliance Industries, it is also the only one building an end-to-end supply chain under the scheme. VISWESWARA REDDY, chairman and managing director, SSEL Group & Indosol Solar, shared details of Indosol’s solar manufacturing plans in an interview with Shreya Jai in New Delhi. He said the company plans to build an ancillary supply chain, claiming to be the first in the country to do so.

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