9AUGUST 2026Waaree Renewable Technologies enters the solar market in Australia and New Zealand through a strategic agreement to expand its global footprint. The company targets utility-scale solar and renewable energy projects across both countries, where demand for clean energy continues to rise.Waaree Renewable Technologies positions itself to deliver engineering, procurement, and construction services in the solar market. This move aligns with increasing investments in renewable infrastructure and supportive policy frameworks in the region. With this expansion, the company aims to strengthen its international presence while tapping into high-growth opportunities in the solar market. India is preparing a major push for deepwater oil as the government plans an incentive package worth Rs 80,000 crore. The move aims to attract investment in high-risk offshore exploration. Deepwater oil projects need large capital and advanced technology. The proposed package is expected to reduce financial risks for companies and improve India's long-term energy security.The Ministry of Petroleum and Natural Gas is working on the package. It will be presented to the Union Cabinet after final discussions. The government wants to encourage both domestic and global energy firms to participate in offshore exploration. The plan comes as India continues to depend heavily on imported crude oil. India's automotive sector is witnessing renewed momentum as auto investment gains traction with a 70 million Euro commitment by Forvia. This latest auto investment highlights the company's long-term confidence in India as a strategic growth market and manufacturing base.The move aligns with India's push to become a global automotive hub, supported by strong domestic demand E20 Fuel policy gains momentum in India as the government declares the ethanol-blended petrol safe, aiming to strengthen energy security amid global crude oil price volatility. The E20 fuel initiative targets a 20 per cent ethanol blending rate, increasing from the current blending level of around 12­13 per cent achieved in recent years.The government positions E20 fuel as a key strategy to reduce import dependence, considering India imports nearly 85 per cent of its crude oil requirements. However, E20 fuel expansion raises concerns around ethanol supply, food security, and vehicle compatibility, even as policymakers continue to push aggressive implementation timelines. Shyam Metalics has strengthened its operations with a new iron ore beneficiation plant in Odisha. The company has invested INR 150 crore in the facility. The project is expected to improve raw material quality and support future production growth. Shyam Metalics will also strengthen its backward integration strategy through this expansion.The new plant is located at the company's integrated steel facility in Sambalpur, Odisha. It has an annual processing capacity of 1.5 million tonnes. The unit will help process low-grade iron ore into higher-quality material. This will improve resource use and reduce dependence on external supplies. WAAREE RENEWABLE ENTERS AUSTRALIA NEW ZEALAND SOLAR MARKETWHY INDIA IS SPENDING INR 80,000 CRORE ON DEEPWATER OILCAN 70M AUTO INVESTMENT RESHAPE INDIA'S MARKET?WILL GOVT PUSH E20 FUEL DESPITE ETHANOL CHALLENGES?NEW ODISHA PLANT GIVES SHYAM METALICS AN OPERATIONAL EDGEand export potential. India emerging as a key node in global supply chains, this auto investment is expected to accelerate localization, boost advanced component manufacturing, and strengthen the country's position in next-generation mobility solutions.
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