9NOVEMBER 2026Tata Power has delivered a powerful clean-energy boost to Karnataka, commissioning a 300 MW solar project in Koppal for the Solar Energy Corporation of India (SECI). The plant brings more than additional capacity to the state's renewable energy landscape. It is expected to generate 810 million units (MUs) annually and prevent around 103,820 tonnes of carbon emissions every year.The milestone also strengthens Tata Power Renewable Energy Ltd's (TPREL) expanding utility-scale portfolio. With large-scale generation and women taking leadership roles on site, the project offers Karnataka both a cleaner energy contribution and a meaningful workforce milestone. Koppal Adds Another Landmark to Karnataka's Solar Map TP Saurya, a wholly owned subsidiary of TPREL, developed the Koppal project. The plant supplies renewable power to SECI, linking its generation capacity to India's broader clean-energy procurement system. The Union Cabinet has approved a Rs 14,500 crore energy storage scheme to develop 92 GWh of grid-scale storage capacity. The scheme will run from FY27 to FY31 and is expected to attract Rs 97,600 crore in investments. The initiative will support pumped hydro storage, battery energy storage systems (BESS) and emerging storage technologies. It aims to strengthen India's electricity grid and support the growing share of renewable energy.The Cabinet also cleared two other major initiatives. These include a Rs 2,814 crore scheme for critical mineral processing and a Rs 4,371.10 crore program to modernize India's official statistical system. The estimated investment across these projects stands at Rs 97,600 crore. The viability gap funding (VGF) support will improve project viability and encourage investments in large-scale storage infrastructure. The projects will be allocated through a tariff-based competitive bidding process. Public and private sector electricity distribution companies will be eligible for funding for battery and hydro pumped storage projects. Mercedes-Benz is looking to strengthen India's role in its global manufacturing and supply chain operations. The German luxury carmaker plans to expand local sourcing and deepen its manufacturing presence in the country. It also sees opportunities to use Indian suppliers and technology partners to support its international operations. Ola Kallenius, Chairman of the Board of Management of Mercedes-Benz Group, told that the company is on track to record its highest-ever annual sales in India, provided the current growth continues.Mercedes-Benz sold 15,190 vehicles in India between January and September 2026, marking an 8 percent year-over-year increase. The company also recorded its best-ever September quarter, with sales rising 6 percent to 5,422 vehicles. The carmaker has announced an additional investment of Rs 200 crore in India this year. This will take its cumulative investment in the country to Rs 3,200 crore, Kallenius said. While he did not share a detailed financial roadmap, he indicated that India's growing economy and rising wealth creation could support a larger manufacturing commitment in the future. TATA POWER DELIVERS 300 MW SOLAR PUNCH FOR KARNATAKALG ELECTRONICS INDIA EXPANDS B2B PORTFOLIO WITH AUTOMOTIVE BUSINESSRS 14,500 CRORE ENERGY STORAGE SCHEME: CABINET APPROVES 92 GWH TARGETMERCEDES-BENZ EYES INDIA AS A GLOBAL MANUFACTURING AND SOURCING HUBLG Electronics India has announced its entry into the automotive business through a new Vehicle Solutions Business. The move expands its business-to-business (B2B) portfolio and brings its global automotive technology offerings to India. The company plans to manufacture and supply in-vehicle infotainment (IVI) and telematics solutions from its third manufacturing plant at Sri City, Andhra Pradesh. This automotive business will help LG Electronics India tap growing opportunities in connected vehicles, digital cockpits and intelligent mobility solutions.The announcement came alongside the company's Q2 FY27 financial results on Thursday, November 5, 2026. LG Electronics India reported a 25.7 percent year-on-year (YoY) increase in profit after tax (PAT) to Rs 489 crore. According to the company's exchange filing, the new Vehicle Solutions Business will cover several automotive and mobility-related activities. These include manufacturing, assembly, imports, exports, distribution and sales of automotive technologies.
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