ABB announced the delivery of its first wind power converter in India, following the acquisition of Gamesa Electric’s power electronics business in December 2025. Manufactured and shipped from ABB’s advanced facility in Nelamangala, Bengaluru, this milestone marks a strategic integration of Gamesa Electric’s proven wind energy conversion technologies into ABB’s portfolio.

Strengthening India’s renewable manufacturing ecosystem

The delivery aligns with India’s ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives, reinforcing ABB’s commitment to expanding its footprint in the country’s renewable energy sector. Alongside wind energy, ABB is also broadening its capabilities in utility-scale solar projects and battery energy storage systems (BESS), enabling a comprehensive renewable energy solution suite.

Locally manufactured solutions for grid integration

Anoop Anand, President – Motion High Power Division, ABB India Ltd, emphasized, “Wind energy plays a critical role in the energy transition. By delivering advanced power conversion technologies that are locally manufactured in India and engineered for effective grid integration, we are strengthening the integration of wind power into the grid and supporting the scale-up of renewable energy worldwide. This also reinforces India’s position as a global hub for renewable energy manufacturing and deployment.”

Expanding ABB’s serviceable wind converter base

The expansion allows ABB to increase its serviceable wind converter base by approximately 46 GW, which accounts for nearly 20% of India’s current renewable capacity. By offering end-to-end solutions across wind, solar, and battery storage, ABB is positioned to accelerate India’s renewable energy growth while supporting grid reliability and energy resilience.

Supporting India’s 2030 renewable energy target

The strategic move strengthens ABB’s role in India’s clean energy ambitions, particularly in achieving the national goal of 500 GW of renewable energy by 2030. As reported by manufacturingtodayindia.com, through local manufacturing, advanced technology integration, and comprehensive renewable solutions, ABB is contributing to a more sustainable, reliable, and self-reliant energy ecosystem in India.

Suzlon Energy, one of India’s leading wind turbine manufacturer, is scripting a strong comeback after years of debt pressure and market volatility. Backed by a robust 5 GW order book, the company is now steering toward sustainable growth through cost optimisation, innovation, and a clear succession strategy.

Cost discipline and debt freedom drive recovery

According to JP Chalasani, Chief Executive Officer, Suzlon Group, two core factors are underpinning the company’s revival. “Cost reduction and being free of debt are driving our growth,” he said, highlighting the impact of disciplined financial management and operational efficiency on Suzlon’s turnaround.

Strong cash flows support self-sustaining growth

At the same time, Suzlon’s leadership emphasised that the company no longer depends on external capital to fund expansion. Girish Tanti, Co-Founder and Vice Chairman, said Suzlon’s diversified revenue streams provide sufficient financial strength. “We will be self-sufficient given the cash flows we generate from both our annuity operations and maintenance (O&M) business and our turbine business. We do not see a need for any fundraise. Growth will be self-sustaining,” he said.

Positioning for long-term leadership in renewables

As reported by moneycontrol.com, with a solid order pipeline, improving margins, and a debt-free balance sheet, Suzlon is now positioning itself as a long-term player in India’s renewable energy transition. By combining operational discipline with innovation and leadership continuity, the company aims to strengthen its role as a comprehensive renewable solutions provider in the years ahead.

Gujarat Mineral Development Corporation Ltd (GMDC) has taken a major step forward in its rare earths strategy after the Bhabha Atomic Research Centre (BARC) transferred an indigenous rare earth processing technology to the corporation for its Ambadungar Rare Earth Project. BARC operates under the Department of Atomic Energy (DAE) and is India’s premier research and development institution.

Technology transfer marks a strategic milestone

The technology transfer ceremony was held at the BARC campus in Trombay, in the presence of the Director, BARC, the Director of the Materials Group at BARC, and senior officials from GMDC. The event underscored growing collaboration between India’s scientific institutions and public sector enterprises in advancing critical mineral capabilities.

Indigenous process tailored for Ambadungar ore

Developed entirely by BARC, the technology—titled “Process for the Recovery of Rare Earth Values from Ankeritic Ore Body of Ambadungar, Gujarat, India (CH48MinD)”—is designed to produce Mixed Rare Earth Concentrate (MREC) from Ambadungar’s hard-rock ankeritic ore. Crucially, the process addresses ore-specific technical challenges and provides GMDC with a reliable and scalable pathway for rare earth extraction, while laying a strong foundation for pilot-scale validation.

Pilot-scale deployment with technical support

Going forward, GMDC plans to deploy the technology initially at the pilot scale, with continued technical support from BARC. The pilot phase will focus on process validation, recovery optimisation, and environmental performance assessment before the project advances to subsequent development stages.

Leveraging iCEM to accelerate validation

In addition, GMDC intends to leverage its promoted institution—the International Centre of Excellence in Mining Safety and Automation (iCEM), Ahmedabad—for pilot-scale operations and analytical testing. This integrated approach is expected to shorten development timelines while strengthening in-house and institutional capabilities.

Management reiterates alignment with national priorities

Commenting on the development, Shri Roopwant Singh, IAS, Managing Director, GMDC, said the technology transfer marks a significant milestone in the company’s rare earths roadmap.

“The transfer of rare earth processing technology from BARC for the Ambadungar REE Project represents an important step in GMDC’s rare earths journey. It enhances our ability to develop the project in a systematic and responsible manner, while enabling the creation of an end-to-end, future-ready rare earth value chain. Our focus remains on long-term value creation aligned with India’s critical minerals strategy and the Atmanirbhar Bharat vision,” he said.

Strengthening India’s rare earths ecosystem

Overall, the collaboration between GMDC and BARC reinforces India’s push to build indigenous capabilities in critical minerals. As reported by psuconnect.in, by combining scientific innovation with industrial execution, the Ambadungar project is poised to play a meaningful role in strengthening the country’s rare earths ecosystem and reducing dependence on external supply chains.

ADNOC Gas plc and its subsidiaries have signed a long-term sales and purchase agreement (SPA) with Hindustan Petroleum Corporation Limited (HPCL), valued at approximately $2.5–3 billion over a ten-year period. The agreement marks a significant milestone in the deepening energy partnership between the UAE and India.

Agreement announced during high-level India–UAE engagement

The deal was announced during the official visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to India, where he met Prime Minister Narendra Modi. During the visit, Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, and Vikas Kaushal, Chairman and Managing Director of HPCL, exchanged the signed contract, highlighting the growing strategic relationship between ADNOC and its Indian partners.

From heads of agreement to binding long-term SPA

Notably, the agreement converts a previously signed Heads of Agreement into a binding long-term SPA. Under the terms, ADNOC Gas will supply 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to HPCL over ten years. The contract strengthens ADNOC Gas’ role as a reliable LNG supplier to Asia’s fast-growing energy markets.

Supporting India’s natural gas ambitions

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said the deal reflects the strength of the bilateral energy relationship. “We are pleased to sign this long-term LNG supply agreement with Hindustan Petroleum Corporation. It underscores ADNOC Gas’ commitment to providing reliable LNG to meet global demand, while supporting India’s ambition to raise the share of natural gas to 15 percent of its energy mix by 2030,” she said.

India emerges as a cornerstone LNG market

The HPCL agreement increases the total value of contracts supported and operated by ADNOC Gas to over $20 billion. India has now become the UAE’s largest LNG customer and remains central to ADNOC Gas’ long-term growth strategy. The company’s expansion plans are closely aligned with India’s rising energy demand.

Das Island facility to supply contracted volumes

The LNG volumes under the agreement will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa and ranks among the world’s longest-operating LNG plants. Since commencing operations, Das Island has delivered more than 3,500 LNG cargoes worldwide, underscoring its operational reliability and strong performance. By 2029, ADNOC Gas expects to operate 15.6 mtpa of LNG capacity, of which 3.2 mtpa will be contracted to Indian energy companies, including HPCL.

Strengthening ADNOC Gas’ position in Asia

As reported by msn.com, over the past three years, ADNOC Gas has secured multiple long-term LNG agreements ranging from 0.4 to 1.2 mtpa, with contract tenures extending up to 14 years. Together, these agreements reinforce the company’s position as a leading supplier of reliable, lower-carbon LNG and support its strategy to broaden its customer base across India and key growth markets in Asia.

Sun Pharmaceutical Industries, India’s largest drugmaker by market capitalisation and revenue, is reportedly evaluating the acquisition of US-based Organon, a company focused on women’s health with a rapidly expanding presence in the biosimilars market. The deliberations are at an early stage and are based on inputs from people familiar with the matter.

A decade after Ranbaxy, another landmark move

Importantly, the potential transaction comes nearly ten years after Sun Pharma’s landmark acquisition of Ranbaxy Laboratories. If completed, the Organon deal would emerge as the most ambitious takeover undertaken by Sun’s billionaire founder, Dilip Shanghvi, widely regarded as one of India’s most astute pharmaceutical dealmakers. The move signals a renewed appetite for large-scale, transformative acquisitions.

$10 billion deal could redefine industry records

The proposed acquisition is expected to carry an enterprise value of around $10 billion, including debt. This would make it the largest cross-border acquisition ever by an Indian pharmaceutical company. Describing the deal as “transformative,” the report noted that it could significantly strengthen Sun Pharma’s position in the US market, the world’s largest and most competitive pharmaceutical arena.

Building on recent US-focused investments

Notably, Sun Pharma has already demonstrated its intent to deepen its US presence. In 2023, the company acquired Concert Pharmaceuticals for $576 million, securing the rights to deuruxolitinib (Leqselvi), a branded therapy for alopecia areata. That acquisition marked a strategic shift toward differentiated and specialty products in regulated markets.

A decisive step in reshaping Sun’s global footprint

As reported by firstpost.com, taken together, a successful Organon acquisition would represent far more than Sun Pharma’s biggest deal to date. Instead, it would serve as a decisive statement of intent—underscoring the company’s ambition to reshape its global footprint, strengthen its US portfolio, and play a larger role in high-growth segments such as biosimilars and women’s health.

The Japan Petrochemical Industry Association (JPCA) will host the Asia Petrochemical Industry Conference (APIC) 2026 in Fukuoka, Japan, reaffirming the event’s position as Asia’s largest and most influential international gathering for the chemical and petrochemical industry. Recognised as a premier platform for dialogue and deal-making, APIC brings together industry professionals and senior management to exchange insights, build partnerships, and shape the future of the chemical industry.

Asia’s largest petrochemical networking platform

APIC attracts more than 1,500 participants from over 40 countries, representing petrochemical producers, technology providers, and related industries worldwide. Through high-level discussions and networking opportunities, the conference actively drives collaboration and co-creation across borders. Importantly, APIC 2026 will focus on leading conversations that help the industry collectively move toward a more sustainable and resilient future.

Conference details at a glance

Dates: May 28–29, 2026

Venue: Hilton Fukuoka Sea Hawk, Fukuoka City, Japan

Organiser: Japan Petrochemical Industry Association (JPCA)

Official website: https://apic2026.jp

Registration & exhibition booths: Open from January 14, 2026 (refer to the official website for details)

Why APIC matters to the industry

APIC serves as a critical forum for senior leaders and decision-makers to exchange perspectives on the most pressing issues shaping the global chemical industry. Specifically, the conference enables participants to:

*Share insights on oil, gas, geopolitics, climate change, and global economic developments

*Exchange business intelligence on market conditions, regional trends, and evolving product needs

*Discuss structural challenges such as overcapacity, feedstock diversification, and sustainability imperatives

*Explore pathways toward a sustainable society, including carbon neutrality and circularity through recycling

Through these discussions, participants build shared awareness, deepen mutual understanding, and identify future strategic directions for the industry.

Conference theme: United by Chemistry for a Sustainable Tomorrow

The theme of APIC 2026 — “United by Chemistry for a Sustainable Tomorrow” underscores the industry’s collective commitment to co-creating a sustainable future through the power of chemistry.

The programme will emphasise:

*Co-creation across industries, borders, and generations to expand the possibilities of chemistry

*The role of chemistry in driving innovation and enabling a brighter, more resilient future

*Re-examining the significance and responsibility of the chemical industry in building a sustainable tomorrow

Shaping the future together

By convening global leaders in Fukuoka, APIC 2026 aims to strengthen collaboration and inspire action at a time of profound transformation for the chemical industry. As reported by businesswire.com, the conference invites participants to celebrate the power of chemistry—connecting people, ideas, and innovation—to collectively shape a sustainable future. Join APIC 2026 in Fukuoka and be part of the conversation that defines the next chapter of the global chemical industry.

Anzen Industries, a UK-based deeptech startup developing next-generation building blocks for the $5 trillion global chemicals industry, has raised $2.2 million (£1.7 million) in a pre-seed funding round. The investment will help the company transform complex chemical manufacturing and strengthen industrial supply chain resilience through its biomanufacturing innovation.

Pre-seed round backs US expansion and first plant

The pre-seed round was led by LocalGlobe and Creator Fund, with participation from strategic angel investors across the UK, Europe, and the US. Importantly, the funding will support Anzen Industries’ strategic shift of operations to the United States—one of the world’s largest chemical manufacturing markets—where the company plans to establish its first manufacturing facility. In parallel, Anzen Industries will actively pursue new industrial collaborations and partnerships as it scales its technology and commercial footprint.

California facility to produce high-value molecules

As part of its US expansion, Anzen Industries will set up its first biomanufacturing facility in California. Once operational, the plant will manufacture high-value, critical molecules used as active ingredients in cosmetics, fragrances, and food products. In addition, the facility will provide innovative solutions for critical minerals processing, broadening the company’s industrial relevance.

CEO highlights strategic shift to the US

Amy Locks, CEO and co-founder of Anzen Industries, said Europe’s scientific ecosystem played a crucial role in the company’s early journey. “Europe’s strong scientific heritage and support enabled us, as science-based founders, to take our breakthrough from discovery to a viable commercial venture. As we enter the next phase of growth, the US offers a more advanced industrial and innovation ecosystem, making it the ideal environment to scale Anzen’s technology globally,” she said.

Cell-free biomanufacturing at the core

Founded by scientists Amy Locks and Pedro Lovatt Garcia, Anzen Industries combines proprietary enzyme reactor technology, advanced immobilisation techniques, and AI-driven design to redefine how critical molecules are made. By engineering molecular resilience, the company aims to make complex chemical manufacturing more efficient, cost-effective, and faster—ultimately accelerating time to market.

Limitations of traditional manufacturing approaches

Currently, the production of high-value chemical molecules faces multiple constraints. Traditional organic synthesis is often complex and inefficient. Meanwhile, plant extraction depends heavily on variable harvests and global supply chains. Although fermentation is widely used, it requires extensive infrastructure and downstream processing, leading to high capital costs when scaling.

First-principles approach enables agile scaling

In contrast, Anzen Industries adopts a first-principles approach by using isolated, highly precise, and tunable enzymes for biochemical reactions. The company immobilises these enzymes in small, modular reactors, allowing reactions to occur outside the cell. As a result, manufacturing becomes more agile, scalable, and cost-efficient, while also enhancing supply chain sovereignty for critical complex chemicals.

CTO outlines vision for cell-free manufacturing

Pedro Lovatt Garcia, co-founder and CTO, said the company believes cell-free systems represent the future of manufacturing. “If enzymes can remain robust outside the cell, we can perform the same reactions with a fraction of the infrastructure, energy, and cost. Looking ahead, we envision Anzen Industries leading the creation of entirely new molecules. Humanity has explored only about 1% of nature’s bioactive molecules, and AI will help uncover the remaining 99% to unlock new products across industries,” he said.

Investors back a generational shift in manufacturing

Julia Hawkins, General Partner at LocalGlobe, said Anzen is tackling one of the defining industrial challenges of the decade. “Re-industrialisation is a defining wave, and manufacturing is where it hits hardest. Anzen is reimagining how critical molecules are made from first principles, restoring resilience, speed, and sovereignty to global supply chains,” she said.

Jamie Macfarlane, CEO of Creator Fund, added that enzymes remain an underutilised industrial resource. “Less than 1% of known enzymes are used in industry. Amy and Pedro bring unmatched expertise in enzyme design and stabilisation, and we believe they have the potential to build the world’s defining enzyme company,” he said.

Strategic angel participation strengthens global outlook

As per the press release, in addition to institutional investors, the round attracted strategic angels including Konstantin von Unger, Vice Chairman of Henkel’s Shareholder Committee, and early-stage investor Cory Levy. Their participation further reinforces Anzen Industries’ ambition to reshape chemical manufacturing and build resilient, future-ready supply chains at a global scale.

Construction of India’s first green ammonia project commenced at Kakinada in Andhra Pradesh, marking a major milestone in the country’s clean energy transition. Chief Minister N. Chandrababu Naidu will preside over the first major equipment installation ceremony at AM Green’s Green Hydrogen and Green Ammonia Complex, signalling the formal start of on-ground execution.

Investment Marks a Clean Energy Milestone

With a total investment of $10 billion, the AM Green project ranks among the largest clean energy investments ever undertaken in India. The scale of the project underscores growing confidence in India’s green hydrogen and ammonia ambitions and Andhra Pradesh’s role as a clean energy hub. The project to deliver both economic growth and long-term workforce development.

India Enters the Global Green Energy Export Market

World’s Largest Green Ammonia Complex Takes Shape

AM Green is developing India’s first and the world’s largest green ammonia complex, with a planned capacity of 1.5 million tonnes per annum (MTPA) at Kakinada. The project executes a brownfield conversion of an existing ammonia-urea complex. This makes it one of India’s most significant industrial revival initiatives.

Phased Commissioning Through 2030

Long-Term Global Offtake Agreements in Place

AM Green has already secured long-term supply agreements with leading global players, including Germany-based Uniper. The company is also in advanced discussions with major buyers in Japan and Singapore. These agreements mark the first instance of green energy exports from India to Europe and advanced Asian markets.

Supporting Global Decarbonisation Efforts

LNK Energy formally announced its launch with a planned investment of ₹10,000 crore over the next five years, positioning itself to capitalise on India’s accelerating clean energy transition. Backed by experienced entrepreneurs and a long-term capital outlook, the company will operate across advanced manufacturing, green fuels, and renewable energy generation.

First Project: 6 GW Integrated Solar Manufacturing Facility

As its first major initiative, LNK Energy will set up a 6 GW solar cell and module manufacturing facility with integrated ingot and wafer production at Chhatrapati Sambhaji Nagar in Maharashtra. Spread across more than 60 acres, the greenfield facility will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices. The company has already signed a memorandum of understanding with the Government of Maharashtra to establish the project.

Strengthening India’s Solar Manufacturing Value Chain

While India has made steady progress in solar module and cell manufacturing, ingot and wafer production remains at a nascent stage, with less than 2 GW of active capacity currently in operation. LNK Energy’s integrated approach aims to bridge this critical gap in the domestic value chain. At the same time, expanding polysilicon capacity and ongoing investments by players such as Reliance are driving momentum in upstream manufacturing.

Experienced Founding Team with Deep Sector Expertise

LNK Energy is co-founded by Paritosh Ladhani, Joint Managing Director of SLMG Beverages, India’s largest Coca-Cola bottler; Dr Kushagra Nandan, Co-Founder, Chairman and Managing Director of REnergy Dynamics (RED) and former Managing Director of SunSource Energy; and Varun Karad, bioenergy entrepreneur and Co-Founder and CEO of RED. Together, the founders bring decades of experience in building and scaling large manufacturing, energy, and infrastructure platforms.

Expanding into Adjacencies and Energy Storage

Beyond core solar manufacturing, LNK Energy plans to gradually expand into key adjacencies such as junction boxes, battery platforms, and energy storage components. Through these initiatives, the company aims to support the development of a robust, end-to-end domestic clean energy ecosystem.

Green Hydrogen to Drive Decarbonisation

Following the establishment of its manufacturing base, LNK Energy also plans to expand into green fuels, with a strong focus on green hydrogen. The company intends to enable decarbonisation of hard-to-abate sectors by deploying scalable, technology-led solutions. In parallel, LNK Energy will develop a renewable energy generation portfolio as an Independent Power Producer (IPP).

As reported by saurenergy.com, the company will also pursue hybrid open access solutions that integrate solar, energy storage, and other renewable technologies. By doing so, LNK Energy aims to create a fully integrated platform spanning manufacturing, green fuels, and operating renewable assets.

Leadership Emphasises Scale, Integration and Execution

Paritosh Ladhani, Co-Founder of LNK Energy, said the company will apply the same execution discipline used in building large manufacturing and supply-chain businesses. He emphasised that scale, quality, and operational rigour are central to LNK Energy’s clean energy manufacturing strategy.

Dr Kushagra Nandan, Co-Founder, added that LNK Energy has been conceived as a long-term institution rather than a short-cycle opportunity. He noted that the company plans to combine scale, technology depth, and capital discipline to create sustainable long-term value.

Varun Karad, Co-Founder, highlighted the importance of integration across manufacturing, green fuels, and renewable power. According to him, LNK Energy’s structure directly addresses this convergence, enabling reliable, scalable, and sustainable energy solutions for industry and the broader economy.

Grasim Industries, a flagship company of the Aditya Birla Group, appointed Sachin Sahay as Chief Executive Officer of its paints business, Birla Opus Paints. Sahay assumed charge from February 16. The appointment follows a leadership transition at Birla Opus Paints after the former CEO, Rakshit Hargave, stepped down in November to take over as Chief Executive Officer of Britannia Industries. Subsequently, Grasim appointed Himanshu Kapania as interim CEO to ensure continuity during the transition period.

Sahay Brings Three Decades of FMCG Leadership

Sahay joins Birla Opus Paints from ITC, where he most recently served as Executive Vice President – Sales. He brings more than 30 years of leadership experience in sales and marketing, spanning entrepreneurial roles and multi-geography assignments across India. Over the years, he has built a strong reputation for scaling businesses and driving market expansion in highly competitive consumer sectors.

Key Role in ITC’s FMCG Growth Journey

During his tenure at ITC, Sahay played a pivotal role in the company’s FMCG transformation. He was instrumental in building and scaling ITC’s FMCG distribution channel from greenfield operations to a robust nationwide network. In addition, he led the launch and growth of several brands while strengthening distribution capabilities across both urban and rural markets.

Driving Transformation Through Process and People

Sahay has also led complex transformation initiatives by combining strong process discipline with people-centric leadership. Notably, he played a key role in implementing field force automation and streamlining common stockist operations across ITC’s diverse portfolio, including cigarettes, foods, and FMCG products. According to Grasim, these initiatives enabled more efficient capital deployment and improved engagement with channel partners, contributing to sustained business performance. As reported by thehindubusinessline.com, with Sahay’s appointment, Grasim aims to further strengthen leadership at Birla Opus Paints as the business continues to scale operations and build its presence in India’s competitive paints market.