
Hydrogen Demand in Mobility Sector Soars

CG Power Wins Rs 6.41 Billion Order from Power Grid
CG Power and Industrial Solutions Ltd has secured its largest-ever contract, valued at Rs 6.41 billion, from Power Grid Corporation of India Ltd (PGCIL). The order is for the supply and servicing of 765kV and 400kV class transformers and reactors under PowerGrid鈥檚 Corporate Package 7TR-12-Bulk, Lot-4. The project, which includes 1-phase 765/400 kV transformers and various capacity reactors, will be executed over a period of 18 to 36 months.The announcement pushed CG Power鈥檚 share price up by 2.32 per cent, closing near the day鈥檚 high at Rs 698 on the NSE. With more than 88 years of exper..

ONGC to Enter Imported LNG Market by Q4 FY26
State鈥憆un Oil and Natural Gas Corporation Ltd (ONGC) is preparing to enter the imported liquefied natural gas (LNG) business by the fourth quarter of financial year 2025鈥�26. The company aims to source R鈥慙NG via spot deals indexed to Henry Hub and West Asian markets, targeting the growing demand in India鈥檚 city gas distribution sector.While ONGC is still in the early planning stages, the company鈥檚 strategic shift follows policy measures intended to increase natural gas's share of India鈥檚 energy mix from around 7 per cent to 15 per cent by 2030 . As demand for cleaner fuels grows, ON..

UGRO Capital Buys Profectus in Rs 14 Billion All-Cash Deal
UGRO Capital has announced the acquisition of Profectus Capital Private Ltd in an all-cash deal worth Rs 14 billion. The mid-sized non-banking finance company (NBFC) finalised the purchase through a share agreement with Actis PC Investment and Actis PC (Mauritius), both global private equity investors.Profectus Capital, with assets under management totalling Rs 34.68 billion, operates across seven states with a network of 28 branches and a workforce exceeding 800. The acquisition is expected to be value accretive from Day 1 of consolidation and marks a strategic move for UGRO Capital to expand..