Fujiyama Power Systems announced plans to establish a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, as part of its strategy to strengthen domestic solar manufacturing capabilities and expand its presence in India’s fast-growing rooftop solar market. The proposed facility will significantly enhance the company’s integrated solar manufacturing operations while supporting the government’s push for indigenously produced renewable energy solutions.

Ratlam Facility to Strengthen Solar Manufacturing Capacity

At present, Fujiyama operates a 1 GW Mono PERC solar cell manufacturing facility at Dadri in Uttar Pradesh. With the addition of the new 1.2 GW TopCon capacity at Ratlam, the company aims to strengthen its backward integration across the solar value chain. The expansion will help Fujiyama improve supply-chain reliability, enhance cost efficiency and ensure a steady supply of domestically manufactured DCR-compliant solar cells for the Indian market.

Commercial Operations Expected by FY2028

According to the company, commercial production at the Ratlam facility is expected to begin in the first quarter of FY2028. The project will involve an estimated investment of Rs 350 crore, which Fujiyama plans to finance through a combination of internal accruals and debt. The company believes the investment will further improve its manufacturing competitiveness and support long-term growth in India’s renewable energy sector.

Focus on DCR Solar Panels and Rooftop Solar Market

Chairman and Joint Managing Director, Pawan Kumar Garg said the project will strengthen the company’s backward integration while improving cost control and ensuring consistent availability of DCR-compliant solar cells. He also highlighted that Fujiyama’s recent inclusion in the Ministry of New and Renewable Energy’s ALMM-II list for solar cells positions the company to cater to rising domestic demand for DCR solar panels. In addition, the company plans to expand its footprint in the on-grid rooftop solar segment, particularly under the government’s Pradhan Mantri Surya Ghar Muft Bijli Yojna initiative aimed at accelerating residential solar adoption across India.

Supporting India’s Solarisation Goals

Garg further stated that the Ratlam facility will strengthen Fujiyama’s competitive position in the renewable energy market while supporting its vision of “solarising Indian households” through reliable, high-quality and locally manufactured solar solutions. The company expects growing demand for rooftop solar systems, driven by government incentives, rising electricity costs and increasing awareness about clean energy adoption. As reported by business-standard.com, with the upcoming Ratlam project, Fujiyama is expected to further strengthen its role in India’s expanding renewable energy manufacturing ecosystem.

Venezuela has emerged as India’s third-largest crude oil supplier in May, overtaking traditional energy giants Saudi Arabia and the United States. Indian refiners increased purchases of Venezuelan crude primarily because of its lower prices and suitability for complex refining systems. The development reflects India’s changing crude sourcing strategy amid ongoing disruptions in global oil markets and rising geopolitical tensions.

Indian Refiners Increase Venezuelan Crude Purchases

According to data from energy cargo tracker Kpler, Venezuela supplied nearly 4,17,000 barrels per day (bpd) of crude oil to India so far in May. This marks a sharp increase from approximately 2,83,000 bpd in April. Notably, Venezuela had not supplied crude oil to India during the previous nine months.

Reliance Industries and several other Indian refiners significantly boosted imports of Venezuelan heavy crude grades during the month. As a result, Venezuela moved ahead of both Saudi Arabia and the United States in India’s crude supplier rankings. Currently, only Russia and the United Arab Emirates export more crude oil to India than Venezuela.

Cheaper Venezuelan Oil Drives Demand

The primary reason behind the surge is competitive pricing. Venezuelan crude is currently cheaper than several global oil grades, making it an attractive option for Indian refiners facing elevated crude prices and volatile market conditions. In addition, Venezuelan heavy crude is well-suited for advanced refining complexes such as Reliance Industries’ Jamnagar refinery in Gujarat, one of the world’s largest refining hubs. Analysts believe Indian buyers continue to prefer Venezuelan barrels because of their attractive economics and compatibility with complex refinery configurations.

Global Supply Disruptions Reshape India’s Oil Strategy

India’s growing reliance on Venezuelan crude also comes amid major disruptions in global oil supply chains. The ongoing West Asia conflict, instability around the Strait of Hormuz, and fluctuating Middle East supplies have forced Indian refiners to diversify sourcing options.  Moreover, crude shipments from Saudi Arabia have declined significantly in May. According to Kpler data, Saudi supplies to India nearly halved compared to April levels, further opening opportunities for alternative suppliers such as Venezuela.

Venezuela Re-Establishes Presence in Indian Market

The recent increase in exports signals Venezuela’s return to the Indian crude market after months of absence. Supplies resumed after the easing of certain US restrictions on Venezuelan oil exports earlier this year. Since then, Venezuelan oil exports have steadily recovered, with India emerging as one of the key buyers. As reported by indiatoday.in, industry experts believe the trend could continue if global geopolitical tensions persist and Venezuelan crude remains competitively priced. However, refining limitations at some Indian facilities may restrict large-scale expansion of imports beyond a certain level.

Platinum Industries Limited announced its strategic entry into the life sciences sector, marking a significant milestone in the company’s next phase of growth and diversification. As part of the expansion, the company has appointed Dr. Abhigyan Upadhyay to lead its newly formed life sciences venture, Rivadu Lifesciences Pvt. Ltd.

The move reflects Platinum Industries’ broader strategy of extending its expertise from advanced chemistry solutions into applications that directly impact human health. The company said the expansion aligns with its philosophy of translating chemistry into care through innovation, quality, and responsible business practices.

Rivadu Lifesciences to Focus on Research-Driven Growth

Platinum plans to build a disciplined, research-led, and globally scalable presence across high-value life sciences segments through its wholly owned subsidiary, Rivadu Lifesciences Pvt. Ltd. The company will adopt a phased expansion strategy with an initial focus on research-driven areas such as Active Pharmaceutical Ingredients (APIs) and intermediates. In addition, Rivadu Lifesciences will work closely with strategic partners while leveraging Platinum Industries’ execution capabilities and market access strengths to establish a scalable international business model. The company also aims to build a strong presence across key global markets, including the Middle East, the United States, Europe, and Asia.

Dr. Abhigyan Upadhyay Brings Global Life Sciences Expertise

Dr. Abhigyan Upadhyay brings more than 25 years of international leadership experience spanning life sciences, regulated manufacturing, diagnostics, and research-driven business environments. Throughout his career, he has led large-scale operations and played a key role in driving transformation, growth, and market expansion across global life sciences markets. He also contributed significantly during the COVID-19 pandemic by supporting various clinical trials and research initiatives through his expertise in life sciences and healthcare technologies.

Leadership Highlights Long-Term Innovation Strategy

Krishna Dushyant Rana, Chairman and Managing Director of Platinum Industries Limited, said the company’s entry into life sciences represents a deliberate and long-term strategic move. According to Rana, the expansion allows the company to extend its philosophy of responsible chemistry into sectors that create a direct and meaningful impact on human health. He added that Dr. Upadhyay’s leadership experience brings both strategic insight and execution capability needed to develop the business in a disciplined and phased manner.

Focus on Innovation, Partnerships, and Scalable Growth

Dr. Upadhyay stated that the global life sciences industry is increasingly being shaped by the ability to convert scientific understanding into reliable, high-quality outcomes. He said the company will focus on identifying the right growth opportunities, building strategic collaborations, and introducing innovative products in a phased and sustainable manner. The broader objective, he noted, is to establish a strong foundation in research-led, high-value life sciences segments while scaling responsibly over time to support healthcare and wellbeing.

Expansion Aligns with Global Pharmaceutical Supply Chain Shift

Platinum Industries’ entry into life sciences comes at a time when global pharmaceutical supply chains are undergoing significant transformation. The company noted that demand for reliable and quality-certified manufacturing partners continues to rise worldwide, while India is increasingly emerging as a major hub for innovation-driven and high-value life sciences capabilities. As per the press release, with this expansion, Platinum Industries aims to position itself strategically within the growing global life sciences and pharmaceutical ecosystem.

Under the ‘Clean Yamuna’ programme, Delhi Technological University (DTU) and Gujarat Fluorochemicals Limited (GFL) have entered into a strategic collaboration to support sustainable water treatment and river restoration efforts for the Yamuna River. As part of the initiative, both organisations will work together on water quality monitoring, operational data generation, research, innovation, and the development of sustainable wastewater treatment solutions.

MoU Signed to Advance Water Treatment Research

The partnership was formalised through the signing of a Memorandum of Understanding (MoU). The MoU was signed by Binod Dole, Registrar of DTU, and Kapil Malhotra, Global Business Unit Head at GFL. DTU’s Department of Environmental Engineering and Sciences will serve as the nodal department for the project and will lead the academic and technical coordination activities.

Focus on Sustainable Water Management Solutions

Prof. Prateek Sharma, Vice-Chancellor of DTU, described the collaboration as an important step toward integrating academic research with industrial expertise. He stated that the partnership aims to rejuvenate the Yamuna River while addressing critical environmental challenges through sustainable and science-driven solutions. The agreement specifically focuses on promoting sustainable water treatment technologies and supporting scientific efforts aimed at improving water quality and long-term environmental sustainability.

Initiative Targets Urban Environmental Challenges

The DTU-GFL collaboration has been designed to address growing environmental challenges faced by urban regions, particularly issues related to river restoration and wastewater management. Through joint research, innovation, and operational studies, the initiative seeks to create scalable and effective treatment solutions that can contribute to cleaner water systems and improved urban environmental management. As reported by jagran.com, the partnership also reflects the increasing role of academia-industry collaborations in advancing sustainable environmental infrastructure and water conservation initiatives in India.

Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and Maharatna PSU, intensified fuel supply and distribution operations across smaller towns, semi-urban regions, and remote markets to ensure uninterrupted availability of petrol and diesel amid rising fuel demand in several parts of the country. While metro cities continue to remain adequately supplied, the company has increased operational focus on Tier-2, Tier-3, and interior markets, where localised demand spikes and precautionary buying trends have recently emerged.

Multiple Market Factors Drive Higher Fuel Consumption

BPCL stated that the current increase in fuel demand has been influenced by several market dynamics. These include higher diesel consumption during the ongoing harvesting season, increased customer preference for PSU-operated fuel stations in certain regions, and shifting purchasing patterns across consumer segments amid prevailing market conditions. As demand patterns evolved, the company moved quickly to strengthen supply continuity across its nationwide fuel distribution network.

Integrated Supply Chain Supports Uninterrupted Fuel Availability

BPCL said its integrated supply chain infrastructure — comprising refineries, terminals, depots, transportation logistics, and retail outlets — continues to operate efficiently with round-the-clock monitoring and close coordination between regional and field teams. To further strengthen operations, the company has implemented additional measures in high-demand markets, including enhanced tanker movement planning, depot-level inventory optimisation, and continuous monitoring of fuel replenishment cycles at retail outlets. Regional control rooms and operational teams are also coordinating closely with distributors and dealers to ensure timely deliveries, especially in smaller towns and remote geographies.

BPCL Urges Consumers to Avoid Panic Buying

BPCL reiterated that India continues to remain surplus in refining capacity and that fuel availability across the country remains stable. The company emphasised that there is no reason for panic buying or unnecessary stockpiling, as India’s fuel supply ecosystem remains resilient and fully capable of meeting both current and emerging demand requirements. BPCL also advised consumers not to rely on rumours or unverified information circulating on social media and television platforms. Instead, the company urged stakeholders to follow only official communication channels for accurate updates.

Focus Remains on Supply Reliability and Consumer Service

With one of India’s largest fuel distribution networks, BPCL said it remains committed to ensuring uninterrupted fuel availability and seamless service across urban, semi-urban, and rural markets. As per the press release, the company added that operational responsiveness, supply reliability, and efficient distribution management will continue to remain central to its strategy as fuel demand patterns evolve across the country.

Deepak Nitrite closed Q4 FY26 with a sharp recovery in profitability after navigating a volatile year for the global chemical industry. Consolidated revenue for the quarter stood at ₹2,127 crore, rising seven percent sequentially, although it remained three percent lower compared to the same period last year.

More importantly, earnings showed significant improvement. EBITDA climbed to ₹383 crore, marking a 74 percent quarter-on-quarter increase and a 13 percent year-on-year rise. Improved spreads, better procurement strategies, and operational efficiencies played a key role in boosting margins during the quarter. Profit after tax (PAT) also witnessed a strong rebound, reaching ₹220 crore, up 120 percent sequentially and 9 percent year on year.

FY26 Reflects Pressure from Global Supply Chain Disruptions

Despite the strong finish to the year, FY26 overall reflected the impact of difficult global market conditions. Total consolidated revenue for the year declined to ₹7,947 crore from ₹8,366 crore in FY25. EBITDA fell to ₹1,041 crore compared to ₹1,176 crore in the previous year, while PAT declined to ₹551 crore from ₹697 crore.

The company attributed the softer annual performance to crude-linked supply chain disruptions, pricing pressure, and geopolitical uncertainties that affected the broader chemical sector. In response, the company actively redirected production and sales toward products, customers, and geographies with stronger demand visibility.

Integrated Manufacturing Model Helps Restore Margins

The Q4 recovery highlighted the advantage of Deepak Nitrite’s integrated manufacturing model. Rather than relying on a sudden improvement in demand, the company focused on execution, flexibility, and cost management to rebuild margins. Management pointed to stable volumes, favourable pricing trends, and plant fungibility — the ability to shift production capacity toward higher-demand product chains — as important contributors to the turnaround. Additionally, process optimisation initiatives, supply chain integration, and cost-efficiency measures strengthened competitiveness across business segments.

Procurement Strategy and Byproduct Monetisation Support Earnings

The company also credited proactive procurement of critical raw materials for improving quarterly profitability. Strategic sourcing decisions, combined with efficient inventory management, helped cushion the impact of raw material volatility. At the same time, Deepak Nitrite improved monetisation of byproducts through valorisation initiatives, while backward integration continued to deliver structural cost advantages. Management noted that cost pass-through mechanisms remain in place to offset elevated input costs. However, these benefits typically come with a time lag, making procurement timing and inventory planning critical to quarterly financial performance.

Investments in R&D and Digital Manufacturing Continue

Alongside operational improvements, the company continued to strengthen its long-term innovation and technology capabilities. Deepak Nitrite established a new R&D centre with an investment of ₹100 crore across a five-acre campus. The facility includes a dedicated polymer R&D centre equipped with advanced synthesis and testing laboratories and employs more than 100 professionals. On the digitalisation front, the company highlighted ongoing investments in SAP S/4HANA migration, AI and ML-driven smart manufacturing systems, and predictive analytics through its Digital Innovation Lab.

Company Positions Itself for a Changing Global Supply Chain Landscape

Chairman and Managing Director Deepak C. Mehta linked the company’s strategy to the evolving global economic order, where supply chains and access to critical raw materials are increasingly influenced by geopolitical alliances and strategic partnerships. He emphasised India’s growing focus on self-reliance and domestic manufacturing, while positioning Deepak Nitrite’s investments around capacity expansion, backward and forward integration, import substitution, and securing critical raw material streams. As reported by multibagg.ai, the company’s Q4 FY26 performance demonstrated how operational agility, integration, and disciplined execution can help chemical manufacturers protect margins and recover profitability even in uncertain market conditions.

Samsung E&A, a total solutions provider for the global energy industry, has partnered with Nel ASA to launch CompassH2-A+, a 100 MW pressurized alkaline electrolysis solution, at the World Hydrogen Summit in Rotterdam. The launch marks the third addition to the CompassH2 portfolio, which now includes atmospheric alkaline, pressurized alkaline, and Proton Exchange Membrane (PEM) electrolysis technologies. With this expanded lineup, the partnership aims to offer flexible hydrogen production solutions tailored to diverse project requirements.

Compact Design Reduces Footprint and Compression Costs

CompassH2-A+ is built around Nel’s pressurized alkaline electrolyzer technology, configured in containerized 25 MW stack modules. The modular and compact architecture reduces plant footprint requirements by nearly 50 percent compared to conventional systems currently available in the market. In addition, the system produces hydrogen at 15 barg pressure, significantly lowering the cost and complexity of downstream compression infrastructure.

The standard 100 MW configuration is capable of producing approximately 40 tons of hydrogen per day at 99.999 mol-percent purity. The system also delivers a stack efficiency of 48.8 kWh/kg, all within a compact core footprint of only 7,500 square meters.

Integrated Guarantee Structure Simplifies Project Financing

Beyond the technology platform, Samsung E&A has introduced a comprehensive wrap guarantee that covers the full integrated system, including electrolyzer stacks, Balance of Plant (BoP), and utility systems, under a single performance commitment and counterparty structure.

The company said this approach directly addresses one of the key challenges faced by hydrogen developers and lenders — fragmented guarantee arrangements that often complicate project financing and risk assessment.

To further strengthen long-term project reliability, the solution includes a Long-Term Service Agreement (LTSA) covering operational support, scheduled stack replacement, and real-time performance monitoring throughout the plant lifecycle.

Pre-Engineered Solution Accelerates Project Development

Samsung E&A highlighted that CompassH2-A+ has been developed as a pre-engineered solution, enabling developers to significantly reduce Pre-FID (Final Investment Decision) timelines. By minimizing early-stage engineering requirements, the platform can eliminate months of project preparation work and help accelerate overall project execution.

Targetting Commercially Bankable Hydrogen Projects

Dr. Hyunseok Jeong, Green H2 Business Team Leader at Samsung E&A, said the new solution reflects the company’s strategy of combining technical performance with commercial viability. According to Jeong, the expanded CompassH2 portfolio allows customers to select the most suitable electrolysis technology based on the unique technical and economic requirements of each project.

Partnership Extends Across Downstream Green Fuel Value Chain

For customers using hydrogen as a feedstock rather than an end product, Samsung E&A also offers engineering, procurement, and construction (EPC) capabilities across downstream green fuel applications, including green ammonia, e-methanol, and sustainable aviation fuel (SAF). The company stated that this integrated EPC capability under a single counterparty structure improves bankability while reducing execution risk for developers and financial institutions.

As per the press release, with the launch of CompassH2-A+, the Samsung E&A–Nel partnership now provides a complete electrolysis portfolio spanning atmospheric alkaline, pressurized alkaline, and PEM technologies, further strengthening its position in the rapidly growing global green hydrogen market.

Bharat Petroleum Corporation Limited (BPCL) achieved a major milestone in its sustainability journey after its renewable energy business unit received the Gold Award in the Renewable Energy Integration category at the Greentech Energy Management Excellence Summit & Awards 2026 held in New Delhi. The recognition highlights BPCL’s growing contribution to India’s clean energy transition and its ongoing efforts to integrate renewable energy solutions into core business operations.

Award recognizes BPCL’s clean energy leadership

The Greentech award acknowledges BPCL’s continued focus on building a cleaner, more sustainable, and energy-efficient operational ecosystem. Through strategic renewable energy investments and sustainability initiatives, the company is steadily strengthening its role in India’s evolving low-carbon energy landscape. The recognition also reflects BPCL’s commitment to supporting national climate goals while improving long-term operational sustainability.

BPCL targets Net Zero emissions by 2040

As part of its long-term sustainability roadmap, BPCL has outlined ambitious clean energy and decarbonisation targets aimed at accelerating its transition toward greener operations. The company’s key sustainability goals include achieving net zero emissions for Scope 1 and Scope 2 operations by 2040, developing a 10 GW renewable energy portfolio by 2035, expanding renewable energy integration across operational facilities and strengthening clean energy infrastructure and energy efficiency initiatives. These targets align closely with India’s broader renewable energy and carbon reduction objectives.

Expanding renewable energy footprint across operations

BPCL has been actively increasing its renewable energy capacity and integrating cleaner energy sources into various operational segments. The company’s renewable energy strategy focuses on improving energy efficiency, reducing carbon emissions, and enhancing long-term energy security. By investing in renewable energy generation and sustainable infrastructure, BPCL aims to reduce dependence on conventional fossil fuel-based energy while supporting India’s transition toward a more resilient and diversified energy mix.

Supporting India’s energy transition and sustainability goals

The award further reinforces BPCL’s position as a key contributor to India’s clean energy transformation. As the country accelerates renewable energy adoption and industrial decarbonisation efforts, energy companies are increasingly focusing on integrating sustainable practices into core operations. Through its renewable energy expansion plans and net zero commitments, BPCL continues to strengthen its role in advancing sustainable energy development while contributing to India’s long-term climate and energy security objectives. As reported by indianmasterminds.com, the Greentech 2026 recognition highlights the company’s progress toward creating a greener, more efficient, and future-ready energy ecosystem.

The Bihar government approved incentives worth ₹73.45 crore for the establishment of a grain-based ethanol production facility and captive power generation unit in Kaimur district. The decision marks another significant step in Bihar’s efforts to strengthen industrial development, attract investments, and expand biofuel production capacity in the state. The project has been approved under the Bihar Industrial Investment Promotion framework, which aims to encourage industrial growth and support renewable energy initiatives across Bihar.

Ethanol project to boost biofuel production capacity

The proposed facility will include a 60 KLPD (kilolitres per day) grain-based ethanol plant along with a 2-megawatt captive power generation unit. The integrated project is expected to enhance ethanol production infrastructure while supporting cleaner energy generation for industrial operations. The development aligns with India’s broader ethanol blending programme and the government’s focus on increasing domestic biofuel production to reduce dependence on fossil fuels and imported crude oil.

Government strengthens industrial and renewable energy investment push

The approval reflects Bihar’s ongoing efforts to attract fresh investments in industrial manufacturing, renewable energy, and sustainable fuel production sectors. Through policy incentives and investment support mechanisms, the state government aims to position Bihar as an emerging destination for biofuel and industrial projects. As reported by chinimandi.com, with growing national demand for ethanol and renewable energy solutions, grain-based ethanol plants are increasingly becoming an important component of India’s energy transition and rural industrial development strategy.

Kirloskar Pneumatic launched Tonalli, an advanced decentralized integrated food waste management solution designed to convert organic waste into renewable energy and organic fertilizer. The launch event was held on May 13, 2026, at the company’s head office and manufacturing facility in Hadapsar, Pune. The new solution supports sustainable waste management practices by transforming food and organic waste into biogas while promoting circular economy principles and environmental responsibility.

Tonalli designed for sustainable waste-to-energy conversion

Tonalli has been developed as a compact, plug-and-play waste-to-energy system capable of achieving 100% waste utilization. The solution focuses on decentralized waste processing, enabling organizations to manage organic waste directly at the source instead of relying on centralized disposal systems. By converting food waste into biogas and organic fertilizer, the system helps reduce landfill waste, lower greenhouse gas emissions, and support renewable energy generation.

Advanced BioBit Technology powers the system

The Tonalli platform incorporates advanced BioBit Technology to efficiently process continuous streams of organic waste. The technology has been specifically designed to address the growing demand for compliance-driven and sustainability-focused waste management solutions following the implementation of India’s Solid Waste Management Rules, 2026. Its decentralized operating model allows waste to be treated on-site, thereby reducing transportation costs and improving waste handling efficiency.

Multi-stage biogas purification improves energy quality

The biogas generated through the Tonalli system undergoes a comprehensive multi-stage purification process before use. This includes moisture removal and hydrogen sulfide (H2S) scrubbing to improve gas quality and operational safety. The purified biogas can then be utilized as a cleaner alternative to conventional fossil fuels such as LPG, helping industries and communities reduce energy costs and carbon emissions. In addition to renewable energy generation, the system also produces organic fertilizer, creating additional value from processed waste streams.

Supporting carbon reduction and circular economy goals

According to technology partner NobleExchange Environment Solutions Private Limited, every Tonalli installation contributes significantly to environmental sustainability. The company stated that each deployed system can deliver benefits equivalent to planting thousands of trees, replacing LPG consumption, and generating carbon credits. The solution aligns with India’s increasing focus on sustainable waste management, renewable energy adoption, and carbon reduction initiatives. It also supports industries seeking to strengthen their ESG (Environmental, Social, and Governance) performance and comply with evolving environmental regulations. As reported by scanX, with the launch of Tonalli, Kirloskar Pneumatic is expanding its sustainability-focused technology portfolio while addressing the growing need for decentralized waste processing infrastructure in India.