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Awards and Recognition
ECONOMY & POLICY

Awards and Recognition

Vedanta Aluminium has won the Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its refinery unit at Lanjigarh (Odisha). The firm is increasing the usage of renewable sources of energy such as biomass in boiler co-firing, deploying lithium-ion electric forklifts and incent...

Vedanta Aluminium has won the Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its refinery unit at Lanjigarh (Odisha). The firm is increasing the usage of renewable sources of energy such as biomass in boiler co-firing, deploying lithium-ion electric forklifts and incentivising employees to use electric vehicles. By leveraging water reutilisation and fostering a water-positive footprint, it has recycled over 15 billion litres of water. Its supply of fly ash to National Highway Authority of India for construction of roadways has resulted in over 200 percent use of waste in FY23. Mazagon Dock Shipbuilders, India’s top warship maker, is the first state-run defence shipbuilder to be conferred with ‘Navratna� status by the government. The shipbuilders could look at building aircraft carriers in the future.

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Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

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Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

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Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States� share of global activity below 15 per cent. Meanwhile, in..

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