Waaree Energies bagged two significant solar module supply orders in India and the United States, strengthening its domestic and international order book. In India, Waaree Energies has won an order to supply 210 MW of Domestic Content Requirement (DCR) solar modules. The order comes from a reputed customer involved in the ownership, development, and operation of renewable power projects across the country. The company plans to execute the supply of the 210 MW DCR modules during the financial year 2026–27.

2 GW Solar Module Supply Contract in the US

In addition, Waaree Energies has bagged a 2,000 MW (2 GW) solar module supply order in the United States, received on January 19, 2026. A well-known developer and owner-operator of utility-scale solar and energy storage projects in the US placed the order, and Waaree Energies will supply the modules from 2028 to 2030.

Strengthening Global Market Presence

With these latest projects, Waaree Energies continues to reinforce its position as a key solar module supplier in both domestic and global markets. As reported by saurenergy.com, the orders underscore growing demand for Waaree’s products across utility-scale renewable energy projects and support the company’s long-term growth strategy.

GoodEnough Energy has commissioned India’s largest Battery Energy Storage System (BESS) Gigafactory in Noida, marking a major milestone in the country’s clean energy transition. GoodEnough Energy focuses on developing advanced energy storage solutions for both domestic and international markets. The Noida facility is fully operational with an initial capacity of seven GWh, positioning it as a pivotal contributor to India’s emerging energy storage ecosystem. The company has already begun deploying BESS solutions nationwide, responding to strong demand from multiple industry sectors.

Meeting India’s Growing Energy Storage Needs

Estimates indicate that India will require up to 230 GWh of energy storage capacity to support its expanding renewable energy portfolio. Globally, the battery market has been traditionally dominated by China and other international manufacturers. The commissioning of this Gigafactory demonstrates India’s growing domestic capabilities and aligns with the government’s Atmanirbhar Bharat vision.

The Noida facility, representing an investment of over ₹450 crore, aligns with the National Energy Storage Mission and the country’s net-zero ambitions. GoodEnough Energy plans to scale its capacity to over 25 GWh within the next three years. This expansion will strengthen India’s presence in the global grid-scale energy storage market.

Innovation and Climate Leadership

The co-founders emphasized that the Gigafactory goes beyond manufacturing. It serves as a platform for innovation, climate leadership, and green job creation. The company supports initiatives such as the National Energy Storage Mission and the Production Linked Incentive (PLI) scheme. Through these efforts, it aims to contribute to a resilient and sustainable energy future for India.

Strategic Location and Supply Chain Ecosystem

Strategically located in Noida, the Gigafactory benefits from robust logistics infrastructure and a strong engineering talent base. The facility is expected to generate employment opportunities for local youth. It will also support a domestic supply chain ecosystem with over 100 SMEs as suppliers and partners.

Energystoragepro.com reports that the Gigafactory, with its current 7 GWh capacity, helps high-emission sectors—including manufacturing, infrastructure, healthcare, mining, and commercial real estate—reduce carbon emissions. The company estimates it can prevent over five million tons of CO₂ emissions annually. Following capacity expansion, it aims to achieve a long-term reduction of up to 15 million tons by 2026.

GAIL’s Srikakulam–Angul Pipeline represents a strategic effort to re-engineer India’s energy map by linking eastern and western gas supply sources. At the same time, the project significantly enhances the National Gas Grid (NGG) by adding operational flexibility and strengthening energy security.

Part of GAIL’s Core National Gas Grid Expansion

The pipeline forms a critical component of GAIL’s broader push to expand and reinforce the NGG. Along with SAPL, other key pipeline projects include the Mumbai–Nagpur–Jharsuguda Pipeline (MNJPL) and the Gurdaspur–Jammu Pipeline. Together, these projects aim to improve gas availability across regions and support industrial, commercial, and household consumption.

High-Capacity Corridor Unlocks Industrial Potential

Through the 422-km-long pipeline, GAIL has created a high-capacity, bi-directional gas corridor passing through Andhra Pradesh and Odisha. The pipeline connects key commercial centres, enabling industries to shift to cleaner and more cost-effective fuel while unlocking new industrial potential along the route.

Dedicated to the Nation, Built at ₹2,800 Crore

Prime Minister Narendra Modi dedicated the project to the nation in October last year. Built at a cost of approximately ₹2,800 crore, the pipeline is expected to supply natural gas to around 1.5 million households, significantly boosting domestic gas access in eastern India.

Challenging Terrain Across Two States

The pipeline stretches from Srikakulam in Andhra Pradesh to Angul in Odisha, covering 124 km in Andhra Pradesh and 298 km in Odisha. In the process, it traverses seven districts, cutting across rugged terrain, dense forest patches, major rivers, and diverse ecological zones. The alignment spans coastal plains, agricultural lands, forest belts, rocky uplands, and large water bodies—each presenting unique engineering and environmental challenges.

Navigating Clearances and Regulatory Hurdles

To execute the project, GAIL secured 718 statutory permissions from multiple authorities, including forest, revenue, railways, NHAI, irrigation departments, district administrations, and local institutions. Continuous engagement, joint inspections, and real-time issue resolution helped maintain project momentum, even in environmentally sensitive zones.

Landmark Engineering Feats Along the Route

One of the most notable engineering achievements was the 3.8-km Horizontal Directional Drilling (HDD) beneath the Mahanadi River, completed in just 66 days. The feat stands as India’s second-longest HDD, showcasing advanced techniques such as electromagnetic steering, single-shot pipe pulling, and mud recycling systems. In addition, the project team adopted innovative construction practices to overcome terrain-specific challenges.

Energy Benefits for Industry, Mobility and Households

The project delivers wide-ranging benefits across sectors. Major industrial consumers such as Vedanta, NALCO, and Utkal Aluminium now have access to consistent, cleaner, and more affordable natural gas. Moreover, the pipeline strengthens city gas distribution (CGD) networks, supporting cleaner mobility and household fuel use across the region.

Setting Global Benchmarks in Pipeline Construction

As reported by thehindubusinessline.com, beyond connectivity, the project establishes methodological and technological benchmarks for multi-terrain pipeline projects worldwide. These include the intersection method for long-distance HDDs under river systems and monsoon-adaptive construction planning suited to subtropical conditions.

Syngene International, a global contract research, development, and manufacturing organization (CRDMO), has announced the extension of its long-standing strategic collaboration with Bristol Myers Squibb (BMS) through 2035. The expanded agreement significantly broadens the scope of integrated services across the entire drug development lifecycle, enabling a seamless transition from early research to commercialization.

Expanded Scope Covers End-to-End Drug Development

Under the renewed collaboration, Syngene will deliver integrated capabilities across discovery, development, and manufacturing. These include chemistry, biology, drug metabolism and pharmacokinetics, translational sciences, pharmaceutical development, manufacturing, clinical trials, as well as data and information technology services. As a result, the partnership will allow Bristol Myers Squibb to accelerate the progression of drug candidates from laboratory research to commercial production.

Partnership Enters Next Phase of Growth

The extension marks the next phase of growth in a collaboration that has already spanned more than two decades. Importantly, it reinforces Syngene’s role as a strategic partner capable of providing end-to-end scientific and manufacturing solutions at scale.

Leadership Highlights Long-Term Strategic Value

Peter Bains, Managing Director and CEO of Syngene International, emphasised the long-standing foundation of the partnership. “Our collaboration with Bristol Myers Squibb, which now spans more than 25 years, is built on scientific excellence, operational reliability, and a shared commitment to advancing innovative therapies. Extending this partnership through 2035 allows us to jointly plan future capabilities and infrastructure with a long-term horizon,” Bains said.

BMS Reaffirms Patient-Centric Focus

Payal Sheth, Senior Vice President, Therapeutic Discovery Sciences at Bristol Myers Squibb, highlighted the importance of the collaboration in advancing patient-focused innovation. “Everything we do at Bristol Myers Squibb begins with patients. Our long-standing partnership with Syngene has played a key role in advancing our scientific ambitions. This expanded collaboration reflects our commitment to integrating research, development, and manufacturing capabilities to accelerate the delivery of transformative medicines,” she said.

Collaboration Built on a 25-Year Legacy

Over the years, BBRC has evolved into a major strategic R&D hub for Bristol Myers Squibb. The centre supports integrated capabilities across target identification and lead discovery and optimisation. It also covers pharmaceutical development, molecular and cell biology, protein sciences, assay biology, and clinical biomarkers.

BBRC Drives Global Research Programmes

Madras Fertilizers Limited (MFL) has proposed a ₹10,300-crore greenfield ammonia-urea manufacturing project in Chennai to strengthen domestic fertiliser production and reduce India’s dependence on imports. The proposed facility will significantly expand the country’s urea capacity while deploying modern, energy-efficient technologies.

Integrated Plant to Boost Self-Reliance in Fertilisers

The project will comprise an integrated ammonia and urea plant, in line with the government’s broader push for self-reliance in critical agricultural inputs. By increasing domestic output, the facility aims to improve fertiliser availability and enhance national food security.

Support for Farmers

Once commissioned, the plant is expected to ensure a stable and reliable supply of urea for farmers. In addition, the project will generate substantial employment opportunities during both the construction and operational phases, contributing to regional economic development. As reported by indiaseatradenews.com, the proposal is awaiting approval from the Centre. Following the necessary clearances, MFL plans to proceed with detailed engineering, financial structuring, and execution of the project.

Novo Holdings, the Danish parent company of global pharmaceutical major Novo Nordisk, has announced a strategic investment in Pune-based Surya Hospitals. The deal size to be in the range of ₹1,000–2,000 crore. Novo Holdings has acquired a 49% stake in Surya Hospitals. The company is the largest private women’s and children’s specialty hospital chain in Western India. The investment marks a significant entry by the Danish healthcare investor into India’s rapidly expanding maternal and paediatric care segment.

Expanding Presence Across Western India

Surya Hospitals operates a network of superspecialty hospitals across Mumbai, Pune, and Jaipur. Previously, private equity firm SeaLink Capital Partners was reportedly exploring an exit. It holds a 49% stake and is one of Surya’s key investors.

With this investment, Novo Holdings aims to support Surya Hospitals’ next phase of growth. Specifically, the funding will help expand the hospital chain’s footprint across Western India. It strengthen clinical infrastructure, and build deeper specialist medical teams.

Leadership Emphasises Long-Term Partnership

Amit Kakar, Managing Partner and Head of Asia at Novo Holdings, said the firm sees Surya Hospitals as a long-term partner in advancing specialised healthcare. “Surya Hospitals has built an exceptional reputation over decades for excellence in women’s and children’s care, supported by outstanding doctors and strong clinical outcomes. We are pleased to partner with Surya as a long-term investor and support its ambition to broaden access to high-quality maternal and paediatric care,” Kakar said.

Board-Level Participation Strengthens Governance

As part of the transaction, Amit Kakar and Navjeewan Khosla will join the board of directors at Surya Hospitals. In addition, Hulbert Soh, Principal at Novo Holdings Asia, will join the board as an observer. This move reinforces the investor’s active role in the company’s strategic direction.

Surya Hospitals Welcomes Strategic Support

Dr Bhupendra Avasthi, Chairman and Managing Director of Surya Hospitals, said the investment aligns with the hospital chain’s long-term vision. “This partnership will support our growth ambitions while reinforcing our commitment to delivering the highest standards of care for women and children, led by some of the best clinicians in the country,” Avasthi said.

Himadri Speciality Chemical initiated discussions with prospective global buyers as it prepares to commission its proposed ₹1,130-crore lithium-ion battery materials plant in Odisha by the end of this year. The move signals the company’s intent to scale its presence in the fast-growing global electric mobility and energy storage markets.

Odisha Facility to Produce Key EV Battery Material

The upcoming Odisha facility will manufacture lithium iron phosphate (LFP), a critical cathode material used in lithium-ion batteries for electric vehicles. As demand for safer and cost-effective battery chemistries rises worldwide, LFP has emerged as a preferred material across multiple markets.

Samples Sent to Global Lithium-Ion Cell Manufacturers

As reported by thehindubusinessline.com, the company has begun engaging potential customers both in India and overseas. According to Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical, the company has started supplying product samples to prospective buyers. “We have initiated discussions with lithium-ion battery component buyers in India and abroad and have begun sending them product samples. These potential customers include lithium-ion cell manufacturers based in the US, South Korea, and other global markets,” Choudhary confirmed.

At the Future Minerals Forum (FMF)—one of the world’s most influential global platforms shaping the future of the mining industry—Dr Doris Hiam-Gálvez, PhD, FCAE, Program Chair of the World Mining Congress (WMC) 2026, participated in the high-profile Great Debate titled “What happened to the nation builders?”. During the session, she delivered a compelling perspective on how mining can and must contribute meaningfully to national development.

From Short-Term Extraction to Long-Term Prosperity

In her remarks, Hiam-Gálvez underlined that society will ultimately judge mining by the future it enables. She stressed that for mining to reclaim its role as a nation builder, the industry must shift decisively away from short-term gains and toward long-term, sustainable prosperity.

Moreover, she highlighted that this transition requires a fundamental change in mindset—one that prioritises lasting value creation over temporary economic returns.

Creating Value Without Dependency

Expanding on this vision, the WMC 2026 Program Chair explained that when mining evolves beyond simple resource extraction and delivers genuine contributions to host communities, it generates measurable positive outcomes. As a result, trust deepens, investor confidence grows, and nations experience broader and more resilient development. Importantly, she emphasised that mining should support growth without fostering dependency, ensuring that regions remain economically viable long after mining operations conclude.

Mining as an Enabler of Sustainable Development

In this context, Hiam-Gálvez asserted that mining can—and must—be part of the solution for the future. By acting as an enabler of development, the industry can help communities and regions continue to prosper well beyond the life of a mine.

World Mining Congress 2026 Reinforces the Global Challenge

Her participation at the Future Minerals Forum further reinforces the central challenge put forward by the World Mining Congress 2026. As per the press release, scheduled to take place in Peru from June 24 to 26, the global event will bring together government authorities, industry leaders, and policymakers to collectively shape the future of mining worldwide.

Abhimanyu Roy, Executive Director, Avalon Consulting, “The most critical requirement is to improve India’s export competitiveness in chemicals, especially in light of Trump tariffs. Fixing anomalies (e.g. inverted duty structure in certain value chains), reducing import duties in certain key raw materials, extending ITC refund scope to capital goods and input services for product and services exporters (e.g. CDMOs), will be important, along with specific allocation of funds to help MSMEs tap new export markets.

Secondly, the Indian Chemicals sector (and related areas like Pharma and Agchem) needs government support to drive innovation and increase its R&D spend from the current levels of <2% of GDP. Bringing back / strengthening the weighted tax deduction for R&D, promoting CSR-linked research allowances, and a stronger patent framework will help in this regard. Expand the PLI scheme beyond bulk drugs / APIs to other critical chemical value chains (both speciality and bulk chemicals) where lack of competitiveness in the intermediate / KSM makes the industry dependent on Chinese imports. A massive thrust is required for the chemicals industry to decarbonise through Green Energy-driven Chemical Hubs. This can be supported through viability gap funding for Green Hydrogen usage in Fertilisers / Ammonia etc. Higher subsidy support for CBG projects will also be an important step in this direction”.

Dr. Sangeeta Srivastava, Executive Director, Godavari Biorefineries Ltd., “Having successfully achieved E20 blending ahead of schedule, India now faces a productive surplus that requires urgent demand-side policy innovation.

Budget 2026 should focus on incentivising E100-ready infrastructure and accelerating the mandate for Sustainable Aviation Fuel (SAF) to absorb this additional ethanol capacity. It will lead to a strategic shift toward ethanol-to-chemicals and high-value bio-based derivatives, which is essential. This budget must provide the fiscal framework to transition from fuel blending to a global leadership role in the Sustainable Chemical economy”.

Akanksha Tyagi, Programme Lead, Council on Energy, Environment and Water (CEEW), “The risingmaterial demand amid geopolitical challenges makes a Circular Economy a strategic imperative for our national security and sustained economic growth. CEEW research finds that circularity in seven sectorsalone offers an INR 11.5 lakh crore (USD 132.2 billion) worth of annual market by 2047, will help create 8.4 million full-time equivalent (FTE) jobs and attract INR 10.8 lakh crore (USD 124.8 billion) in investments. The budget should announce a National Mission on Circular Economy to drive concerted efforts into the sector and realise this opportunity.”

Anurag Choudhary, CMD and CEO, Himadri Speciality Chemical Ltd., “As India accelerates its renewable energy transition, energy reliability and security must move to the centre of the policy agenda. Addressing the intermittency of renewable power will require a strong and sustained emphasis on Battery Energy Storage Systems (BESS), complemented by the diversification of the renewable energy mix beyond solar energy through increased support for wind, tidal, and other new-age alternatives to enhance overall energy security.

At the same time, increasing geopolitical tensions have intensified global competition for critical minerals, making access to resources such as lithium, cobalt, nickel, and rare earth elements central to future progress. With global supply chains highly concentrated and China holding the lion’s share of processing and refining capacity, it is imperative for India to ensure a stable domestic supply and greater control over the exploration, processing, refining, and recycling of these materials.

Focused policy support and targeted investments will be required to reduce import dependency and strengthen supply-chain resilience. Long-term availability and stability can be achieved only through advanced technology-led alternatives, localisation, and strategic partnerships. I expect Budget 2026 to be proactive, building upon previous allocations and strengthening support across these areas to enable a self-reliant, competitive, and sustainable clean energy ecosystem in line with the vision of Atmanirbhar Bharat.”

Mihir V Shah, Executive Director, Vipul Organics Limited, “The consistent policy support extended to manufacturing in recent years has created strong tailwinds for India’s chemical industry, including the dyes and pigments segment. As global customers increasingly seek diversified and dependable sourcing destinations, India is well placed to deepen its role in international supply chains. The Union Budget can build on this positive momentum through continued investments in chemical park infrastructure, faster environmental approvals, and improved logistics for efficient movement of goods within the country and for exports.

Given the capital-intensive nature of this industry, access to long-term, competitively priced capital remains essential for ongoing investments in technology, safety, and advanced pollution control systems. Encouraging domestic production of key intermediates will further reduce import dependence and enhance value addition within India. Continued policy encouragement for R&D, process innovation, and green chemistry will help manufacturers offer higher-value, customised solutions aligned with evolving global compliance and sustainability expectations.

 Stable regulations, simplified compliance processes, and timely GST refunds will meaningfully ease working capital cycles and strengthen investor confidence. With such supportive measures, the chemical sector can expand exports, create skilled employment, and reinforce India’s position as a reliable and responsible global manufacturing partner”.

Rajiv Gandhi, Founder, MD and CEO, Hester Biosciences Ltd and President AMA, “In stable economies, annual budgets do not witness wide variations. The changes are largely aimed at refining ongoing reforms and maintaining continuity in policy direction. So is the case with India.

From the upcoming Budget, I would particularly like to see enhanced public expenditure towards agriculture, animal husbandry and infrastructure creation. Strengthening the primary sector can provide a strong foundation for agricultural and; industrial growth, leading to a boost to MSMEs. This, in turn, would generate employment, raise disposable incomes, stimulate consumption and ultimately strengthen domestic demand, creating a cycle of sustainable economic growth”.

Gokul Jaykrishna, Chairman, FICCI – Gujarat and Joint MD and CEO, Asahi Songwon Colors Ltd, “We’ve travelled far from the suffocating licence raj, under Prime Minister Modi’s decisive push, growth roared back, catapulting us amongst world’s top 4 economies.

The Indian engine is now humming at 7%. Yet settling at 5 trillion dollars feels modest. True parity with giants demands vaulting to ten trillion, fast. India needs two things, Scale and Risk Capital, to build an ecosystem that ignites animal spirits. PM gave the runway; now tax breaks and capex fuel must ignite takeoff, turning potential into powerhouse scale to realize India’s true potential.
Key tasks:
• Increase infra capex, link it to mega corridors.

• Widen PLI schemes for electronics, drones, EVs.

• Cut long-term gains tax, smooth FDI windows to compete with US and China, and
attract more risk capital.

Chemco Group has taken a major step in advancing circular plastics by commissioning a food-grade rPET recycling facility in Sanand, Gujarat. The plant converts used PET bottles into safe, food-ready packaging at industrial scale, reinforcing Chemco’s commitment to sustainability and responsible packaging.

Large-scale bottle-to-bottle recycling in Gujarat

The new facility can process over one billion post-consumer PET bottles annually, producing high-quality recycled PET suitable for direct use in food and beverage packaging. This positions Chemco as one of the few Indian companies capable of end-to-end bottle-to-bottle recycling at scale.

Built with an investment of approximately ₹125 crore, the plant reduces reliance on virgin plastics while maintaining stringent quality and safety standards. Strategically located in Sanand’s industrial hub, the facility operates on a closed-loop model, giving Chemco full control over the recycling process and enhancing traceability, supply reliability, and operational efficiency.

Compliance with global and Indian standards

The rPET produced at the plant meets the highest global and domestic standards. It is approved by the US FDA and EFSA, and fully compliant with FSSAI regulations for food-contact applications in India. Operations adhere to all relevant Bureau of Indian Standards (BIS) norms for plastic recycling, reflecting Chemco’s commitment to regulatory compliance, quality assurance, and product integrity.

Strategic investment in sustainability

Vaibhav Saraogi, Managing Director, Chemco Group, said, “This facility represents a strategic shift in how Chemco approaches sustainability. Rather than relying on external recycling, we have built a fully integrated bottle-to-bottle ecosystem that ensures supply security, traceability, and compliance for our customers. This is not just an investment in infrastructure; it is an investment in the future of responsible packaging.”

Supporting circular packaging and India’s green goals

The plant comes at a time of increasing focus on recycled content, carbon reduction, and extended producer responsibility (EPR). By bringing recycling in-house, Chemco helps brand owners meet these requirements without compromising on food safety or product performance.

As reported by manufacturingtodayindia.com, beyond environmental benefits, the facility creates skilled employment, strengthens Gujarat’s manufacturing ecosystem, and supports India’s broader circular economy and waste reduction goals. Chemco plans to leverage this platform to expand rPET capacity and develop higher recycled-content applications in the future.