9AUGUST 2026ANDHRA PRADESH BOOSTS GREEN ENERGY WITH RS 5,400 CRORE SOLAR PLANTINDIA CALLS BIDS FOR INR 7,280 CR RARE EARTH MAGNET SCHEMETata Steel Q1 Profit increased 12% year-on-year during the first quarter. The growth came mainly from its strong India Business, which continued to perform well despite global market challenges. The company reported better earnings even as overseas operations remained under pressure. The latest Tata Steel Q1 Profit reflects steady domestic demand and improved operational performance.The steelmaker also approved a major investment plan for Neelachal Ispat Nigam Limited (NINL). The board cleared capital expenditure worth INR 33,873 crore to expand the plant's production capacity. The move supports Tata Steel's long-term growth strategy in India. The company said domestic operations remained the key driver during the quarter. Strong market demand and operational efficiency helped offset weaker performance in some international businesses. India's coal sector is set for a major transformation after the government notified new rules for the establishment of coal exchanges across the country. The coal trading ecosystem is expected to become more transparent, efficient, and competitive under the new framework. The move is aimed at modernizing the supply chain, improving market participation, and enabling transparent price discovery through a market-driven mechanism.With the notification of the Coal Exchange Rules, 2026, the government has taken a significant step toward reforming the country's coal trading landscape. The new coal trading framework is expected to benefit coal producers, commercial miners, captive mine operators, industrial consumers, and public sector companies by providing a structured platform for buying and selling coal. India's largest power producer, NTPC, is preparing for its biggest expansion yet. The company plans to invest INR 17 trillion capex by FY37. The investment aims to nearly triple its power capacity while supporting India's clean energy goals. The expansion will cover thermal power, renewable energy, nuclear power, and battery energy storage projects. The move is expected to strengthen India's long-term energy security.The company currently has an installed capacity of around 80 GW. It plans to increase this to nearly 230 GW by FY37. A major share of the planned capacity will come from non-fossil fuel sources. This aligns with India's target of building a cleaner and more reliable energy system. Defense expansion is gaining momentum in India as companies accelerate strategic moves to strengthen their presence in the aerospace and defense sector. Bondada Dynamics Pvt Ltd, a subsidiary of Bondada Engineering Ltd, has taken a key step in this direction by acquiring a 75 per cent stake in KCS Engineering Solutions.This defense expansion move reflects a broader industry trend where Indian firms focus on capability building, engineering integration, and long-term defense contracts. Companies now align investments with government-led indigenisation goals, rising defense budgets, and increasing demand for domestic manufacturing. This shift positions Indian companies to capture emerging opportunities across the defense value chain. TATA STEEL Q1 PROFIT CLIMBS 12% ON STRONG INDIA BUSINESSELECTRONICS DEVELOPMENT FUND FUELS KARNATAKA'S STARTUP BOOMNTPC'S NEW PLAN COULD REDEFINE INDIA'S RENEWABLE ENERGY SECTORINDIAN COMPANIES TO RAMP UP DEFENSE EXPANSION STRATEGIES
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