8AUGUST, 2026TOP STORIESIndia has moved to strengthen its war machine as Hindustan Aeronautics Limited (HAL) has restarted Su-30MKI production at its Nashik facility. The war machine push comes as the Indian Air Force seeks to address squadron shortages and boost operational readiness.HAL will manufacture 12 Su-30MKI fighter jets under a government-approved order, with deliveries expected by 2029. This war machine expansion reflects India's focus on enhancing domestic defense manufacturing capabilities while maintaining proven platforms. The restart also signals renewed utilization of existing infrastructure, aligning with rising defense capital expenditure and long-term air power planning. India's clean power demand is pushing companies toward larger renewable energy investments. ACME Solar is now planning a major expansion. The company plans to invest up to INR 20,000 crore in capital expenditure. Chief Executive Officer Nikhil Dhingra said the company will invest INR 15,000­20,000 crore.The focus will remain on renewable energy and battery-backed power projects. The move comes as demand rises for reliable, round-the-clock clean electricity. The company is placing greater focus on battery energy storage. It plans to deploy around 10 GWh of battery capacity this year. Energy storage already accounts for about 25 percent of the company's business. This share could rise as demand for firm renewable power increases. The SAIL project awarded to SEPC marks a significant development in India's steel plant project landscape, strengthening revenue visibility. SEPC secured a Rs 673 crore SAIL contract for the IISCO expansion, reinforcing its position in EPC India and highlighting rising industrial investment in India's manufacturing growth.The SAIL project focuses on expanding crude steel production capacity at the IISCO Steel Plant in Burnpur. This development reflects strong industry growth and aligns with India's push to enhance steel capacity. The contract also signals continued capital expenditure by public sector enterprises to modernize infrastructure and boost domestic manufacturing capabilities. Defense growth ambitions are driving Sigma Advanced Systems to raise its manufacturing capacity and strengthen its international presence. The Hyderabad-based aerospace and defense manufacturer secured the capital as demand for defense and aerospace components continues to rise.Spark Capital led the fundraising and placed Rs 360 crore with 23 family offices and ultra-high-net-worth individuals through its equity capital markets platform. Sigma plans to use the funds to expand capabilities, support international operations and develop technologies for evolving customer requirements. The move follows major acquisitions, export orders and a Rs 3,800 crore Rolls-Royce contract. INDIA REBOOTS WAR MACHINE AS HAL REVIVES SU-30MKI PRODUCTIONSIGMA GEARS UP FOR DEFENSE GROWTH WITH RS 460 CRORE PUSHACME SOLAR BETS INR 20,000 CRORE ON INDIA'S CLEAN POWER BOOMSEPC SECURES BIG-TICKET SAIL PROJECT TO BOOST REVENUE
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