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Indian Oil Enhances Panipat Refinery for Aviation Fuel

Indian Oil Enhances Panipat Refinery for Aviation Fuel

Indian Oil Enhances Panipat Refinery for Aviation Fuel

In a significant move towards achieving net-zero goals, Indian Oil Corporation plans to upgrade its diesel desulphuriser unit at the Panipat refinery. This upgrade aims to generate 30,000 metric tons of sustainable aviation fuel (SAF) each year from recycled cooking oil, alongside inviting proposals for SAF and green hydrogen initiatives.

Summary:
Indian Oil Corporation (IOC) is temporarily shutting down its Panipat refinery’s diesel desulphuriser unit to upgrade it for producing 30,000 metric tonnes of Sustainable Aviation Fuel (SAF) from used cooking oil. This move supports India’s clean energy goals and the aviation industry’s push for carbon-neutral flying. IOC will also invite tenders for a green hydrogen plant and additional SAF capacity at the site.

Indian Oil’s Green Turn: Retrofitting for the Future
Indian Oil Corporation Ltd. (IOCL), the leading energy company in the country, is making significant strides to reduce carbon emissions in India’s aviation industry. The firm has revealed that it will temporarily close its diesel desulphuriser unit at the Panipat refinery in Haryana for a comprehensive upgrade, which is intended to initiate the production of Sustainable Aviation Fuel (SAF).
The Panipat refinery, with a capacity of 300,000 bpd, is a vital asset for IOCL and will play a significant role in India’s emerging SAF landscape following its upgrade.

Why Sustainable Aviation Fuel?
Sustainable Aviation Fuel (SAF) is a biofuel that has a chemical composition resembling traditional jet fuel, but it offers a much smaller carbon footprint. The production of SAF from non-fossil sources like used cooking oil, municipal waste, or agricultural residues can reduce lifecycle greenhouse gas emissions by up to 80% compared to conventional fossil jet fuel.
According to global studies and IATA guidelines, adopting Sustainable Aviation Fuel (SAF) is key to achieving net-zero aviation emissions by 2050. India’s rapidly growing civil aviation sector is ideal for large-scale SAF integration.

The Panipat Transformation: Transitioning from Diesel to Eco-Friendly Jet Fuel
According to Indian Oil officials, the retrofitting of the diesel desulphuriser unit will allow the facility to produce 30,000 metric tonnes of SAF annually. This SAF will be derived from Used Cooking Oil (UCO), a waste material abundant in urban households and restaurants.
This aligns with the government’s broader push under the National Bio-Energy Programme and waste-to-energy initiatives. Indian Oil had earlier piloted a used cooking oil collection initiative in several cities, which now finds a downstream application in SAF production.
The temporary shutdown will enable Indian Oil to install advanced equipment for producing sustainable aviation fuel (SAF) using Hydroprocessed Esters and Fatty Acids (HEFA) technology from used cooking oil.

Green Hydrogen and SAF Bids to Be Invited
Beyond upgrading the current unit, IOCL is taking the green transition further by inviting tenders for two major projects:
A Green Hydrogen Plant – in line with India’s National Green Hydrogen Mission, this plant will produce hydrogen via electrolysis powered by renewable energy. This clean hydrogen can be integrated into various refinery processes or offered as fuel for heavy transport.
A Full-Scale SAF Production Facility – in addition to the retrofit, IOCL is eyeing a standalone SAF production unit at Panipat, which will likely be much larger in capacity and may explore feedstocks beyond UCO, such as agricultural waste or algae-based oils.
These projects are expected to attract domestic and international clean energy investors and technology providers. Indian Oil is expected to call for global bids before the end of this quarter.

Strategic and Environmental Impact
This shift by IOCL marks a critical juncture in India’s energy transition. While refining remains core to Indian Oil’s operations, the company is actively diversifying into renewable energy, biofuels, EV infrastructure, and now green hydrogen and SAF.
Key Implications:
Decarbonization of Aviation: The project will directly contribute to lowering the carbon footprint of Indian airlines, especially for international routes, seeking to meet global sustainability compliance.
Circular Economy Boost: By sourcing UCO from households and restaurants, the project encourages sustainable waste management and additional income streams for small-scale collectors.
Employment and Innovation: The SAF and green hydrogen projects are expected to generate high-skilled jobs and drive technology innovation in bio-refining.

Alignment with Government and Global Goals
This initiative is in harmony with several government missions and international agreements:
National Green Hydrogen Mission – launched with an initial outlay of ₹19,744 crore, aiming to make India a global hub for green hydrogen.
SATAT Scheme (Sustainable Alternative Towards Affordable Transportation) – supporting bio-CNG and other clean fuel alternatives.
India’s COP26 commitment is to reach net zero by 2070 with interim targets by 2030.
It also places Indian Oil in alignment with the International Civil Aviation Organisation (ICAO) and IATA recommendations for blending SAF into commercial aviation fuel supplies.

Industry Outlook: A Growing SAF Market
Globally, the SAF market is projected to grow from around $1.1 billion in 2022 to over $10 billion by 2030, fueled by tightening emissions regulations, rising jet fuel prices, and increased airline commitments to net-zero goals.
In India, the SAF sector is still in its infancy. Indian Oil’s Panipat initiative can act as a springboard, encouraging other oil majors like BPCL and HPCL to follow suit. Private sector refineries and global clean energy players may also enter the fray, either independently or through PPP models.

Conclusion
Indian Oil Corporation’s decision to repurpose and upgrade a core refinery unit for SAF production is more than just a technical enhancement—it signals a strategic realignment with India’s and the world’s clean energy future. By utilising waste like used cooking oil to power aircraft, and pairing that with green hydrogen infrastructure, IOCL is not only safeguarding its business future but is actively shaping the country’s energy narrative.
This transformation from black gold to green fuel demonstrates the evolving role of oil companies in a carbon-conscious world and marks a defining milestone for India’s energy transition journey.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Corporate Bond Issuances Set to Hit ₹11 Trillion in FY26 Amid Falling Rates and Delayed Bank Transmission

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

India’s renewable energy leader secures over 3.1 GWh of advanced battery storage, setting new benchmarks for grid stability and project execution

Introduction
Acme Solar Holdings, a prominent name in India’s renewable energy landscape, has made headlines with its announcement of a massive BESS procurement. The order, exceeding 3.1 GWh, not only marks a milestone for the company but also signals a major leap forward for India’s energy storage ambitions. The announcement triggered a sharp intraday rise of over 6% in Acme Solar’s share price, highlighting market optimism around its future trajectory and execution.

The Strategic Importance of Battery Storage
Why Battery Storage Matters
As renewable energy use expands, battery storage is becoming essential for grid stability and reliability. These systems store excess energy generated during periods of high production and release it when demand peaks or generation dips, thereby ensuring a stable and reliable power supply. For India, where the push for clean energy is intensifying, robust storage solutions are essential for balancing intermittent solar and wind generation.
Acme Solar’s Vision
Acme Solar’s battery procurement is aimed at powering its FDRE developments and other energy storage-linked projects slated for rollout in the coming 12 to 18 months. The company’s strategy is to deploy these storage systems across multiple states, enhancing both project flexibility and grid resilience.
Details of the Order
• Suppliers: Trina Energy and Zhejiang Narada are trusted worldwide for their high-efficiency and modular energy storage systems.
• Deployment: Phased deliveries are planned throughout the current fiscal year, with installations aligned to upcoming project timelines.
• Standards: All equipment adheres to international IEC and UL standards, ensuring top-tier safety, reliability, and performance.
The procurement fits within Acme Solar’s budgeted capital expenditure, balancing cost efficiency with high technical standards and supplier reliability. Ordering ahead of schedule should help expedite deployment and enhance cash flow timing.

Market Impact and Stock Performance
The announcement of the BESS order had an immediate effect on Acme Solar’s stock, which surged over 6% intraday and closed with a notable gain after a period of declines. Investors responded positively to the company’s proactive approach to securing critical infrastructure, which is expected to:
• Accelerate project commissioning
• Enhance operational margins through improved capacity utilization
• Reinforce Acme Solar’s leadership in the accelerating green energy market

Broader Implications for India’s Clean Energy Transition
Scaling Up Renewable Integration
India’s renewable energy sector is expanding rapidly, but integrating large volumes of variable solar and wind power remains a challenge. Acme Solar’s large-scale adoption of advanced battery storage is a template for the industry, demonstrating how storage can unlock new levels of grid flexibility and reliability.
Supporting National Goals
This order aligns with India’s broader ambitions to increase renewable energy’s share in the national grid, reduce dependence on fossil fuels, and meet climate commitments. By investing in state-of-the-art storage, Acme Solar is helping pave the way for a more resilient and sustainable energy future.
Acme Solar’s Operational Strength
Holding 6,970 MW in renewables and 550 MWh in storage capacity, Acme Solar is primed to support India’s journey toward a sustainable energy future. Its in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) teams ensure efficient project delivery and strong performance metrics, such as industry-leading capacity utilization factors and operating margins

Conclusion
Acme Solar’s record-setting battery storage order is a watershed moment for India’s renewable energy sector. By securing advanced, large-scale storage solutions, the company is not only boosting its own growth prospects but also setting new standards for project execution and grid stability. This bold move is likely to inspire similar investments across the industry, accelerating India’s journey toward a cleaner, more reliable energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BlackRock’s Strategic Leap: The ElmTree Funds Acquisition and the Future of Real Estate Investing

HFCL Shares Zoom 5% as Firm Secures 1,000 Acres for Defence Facilities

Tata Power Renewable Achieves Record Green Energy!

Tata Power Renewable Achieves Record Green Energy!

Strategic investments and integrated solar manufacturing drive Tata Power Renewable Energy Limited’s strongest quarterly results yet.

Summary:
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has posted a record-breaking performance in the first quarter of FY26, powered by its strategic growth across the solar energy value chain. The company’s results underline its commitment to India’s clean energy transition and a greener, self-reliant future.

India’s renewable energy sector is witnessing unprecedented momentum, and Tata Power Renewable Energy Limited (TPREL) has emerged as a key driver of this transformational journey. In a landmark announcement, TPREL declared its record-breaking performance in the first quarter of fiscal year 2025–26 (Q1 FY26), reflecting robust execution of its integrated renewable strategy. As a wholly owned subsidiary of The Tata Power Company Limited, TPREL has enhanced its status as one of the nation’s leading and most reliable green energy providers through its dedication to operational excellence and strategic planning.
TPREL’s Q1 FY26 performance is notable for several reasons. The company not only expanded its installed capacity but also advanced its solar cell and module manufacturing capabilities, addressing India’s growing demand for renewable solutions and supporting the government’s “Atmanirbhar Bharat” (self-reliant India) vision. According to official figures, TPREL added significant renewable capacity during the quarter, including new solar and hybrid projects commissioned across multiple states.

Strategic Solar Manufacturing Push
A key factor in TPREL’s growth narrative is its bold investment in the local solar value chain. As global supply chains face challenges and geopolitical uncertainties threaten energy security, TPREL has proactively invested in local solar cell and module manufacturing. This vertical integration approach gives the company a vital competitive edge while boosting India’s domestic solar ecosystem.
In the first quarter of FY26, TPREL enhanced production at its advanced solar module and cell manufacturing plants, reaching unparalleled levels of capacity utilisation. This has helped the company not only meet its captive project needs but also serve the growing external demand for high-efficiency solar modules in India’s rapidly expanding solar market.
By aligning manufacturing with project execution, TPREL has effectively created a resilient green energy supply chain, minimising costs and mitigating risks associated with import dependencies. This action also supports India’s aim to reach 500 GW of renewable energy capacity by 2030, with solar power expected to take a leading role.

Operational Excellence and New Milestones
TPREL’s record-breaking Q1 FY26 was also driven by outstanding operational performance. The company reported historically high plant load factors (PLFs) across its operating wind, solar, and hybrid projects, thanks to advanced predictive maintenance and digital monitoring systems. Moreover, the commissioning of new hybrid renewable projects in Rajasthan, Gujarat, and Karnataka added considerable generation capacity, enhancing grid stability and renewable energy supply for commercial and industrial customers.
A significant highlight of the quarter was the successful synchronisation of a 300 MW solar park in Rajasthan, which is anticipated to produce enough clean energy to power more than 200,000 homes each year. These efforts have led to significant carbon emissions savings, reinforcing Tata Power Renewable’s commitment to environmental sustainability and climate action.

Industry Leadership and Partnerships
The company’s Q1 performance also underscores its growing leadership in forging strategic partnerships. In recent months, TPREL has signed several power purchase agreements (PPAs) with large commercial clients and state utilities, including new contracts with corporate buyers looking to reduce their carbon footprint and comply with sustainability mandates.
Additionally, TPREL is working closely with international technology providers to incorporate the latest solar innovations, such as bifacial modules and battery energy storage systems. This focus on technological advancement positions the company to offer cutting-edge, bankable solutions to its customers, further enhancing investor confidence in the renewables sector.

Vision for the Future
Tata Power Renewable is on an upward trajectory, setting a new standard in Q1 FY26 and showing no indications of slowing down. The company is reportedly planning an ambitious pipeline of over 4 GW in renewable energy projects slated for development over the next 24 months. These include utility-scale solar farms, hybrid renewable projects combining wind and solar, and even floating solar plants in key water bodies across India.
Further, TPREL has expressed its commitment to community upliftment by integrating CSR initiatives with its renewable projects, such as providing local employment, education, and health initiatives in project regions. This integrated approach ensures that the clean energy transition brings equitable social and economic benefits to local communities.
Tata Power Renewable’s performance in Q1 FY26 reinforces its goal of becoming the top renewable energy company in India. By combining technological innovation, strategic investments in manufacturing, and a strong focus on sustainability, the company is well-positioned to power India’s energy transition and become a global green energy powerhouse.
As India continues its journey towards a net-zero future, the role of major players like Tata Power Renewable will be indispensable. Their demonstrated ability to deliver record-breaking growth while contributing to national development goals represents a win-win scenario for the company, its stakeholders, and the planet at large.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Adani Deploys India’s First Standalone 5 MW Green Hydrogen Plant in Gujarat

Adani Deploys India’s First Standalone 5 MW Green Hydrogen Plant in Gujarat

Adani Group has achieved a major breakthrough by setting up India’s first standalone 5 MW green hydrogen facility in Kutch, Gujarat. This innovative facility, developed by Adani New Industries Limited (ANIL), signals a major breakthrough in India’s renewable energy efforts and highlights Adani’s commitment to clean fuel alternatives.

Pioneering India’s Green Hydrogen Future

The newly commissioned green hydrogen plant operates completely off-grid, drawing its power solely from solar energy. Supported by an integrated Battery Energy Storage System (BESS), the facility ensures smooth and continuous operations despite the fluctuating nature of solar power. This pioneering setup demonstrates how green hydrogen can be produced efficiently without relying on the traditional electricity grid, making it possible to deploy such plants in remote or less connected regions.

The plant is equipped with an advanced closed-loop electrolyzer system, which automatically regulates its functions based on real-time solar energy availability .In this method, water is split into hydrogen and oxygen using renewable energy, guaranteeing the production of completely green hydrogen without any carbon emissions. This method not only meets the growing demand for cleaner fuels but also serves as a model for future decentralized green hydrogen projects across India.

A Step Towards National Energy Goals

Adani’s green hydrogen plant strongly supports the Indian government’s National Green Hydrogen Mission, which is focused on positioning India as a key global hub for green hydrogen production and export. This mission is essential for India’s long-term energy security and for achieving net-zero carbon emissions by the year 2070.

Green hydrogen is crucial for cutting emissions in hard-to-decarbonize sectors such as steel, cement, refining, fertilizers, and heavy transportation. Adani’s project provides practical evidence that decentralized hydrogen generation is possible, especially in areas with limited access to reliable electricity. The plant sets a new direction for future green hydrogen initiatives that can be established even in challenging terrains.

Adani’s Long-Term Expansion Plans

The 5 MW plant in Kutch is part of Adani’s larger vision to build an extensive green hydrogen ecosystem in India. Adani New Industries Limited has already started working on a massive green hydrogen hub in Mundra, Gujarat. The plant is expected to manufacture green hydrogen along with green ammonia, methanol, and sustainable aviation fuel (SAF), aiming to cater to both local industries and global demand.

Adani aims to achieve an annual green hydrogen production capacity of one million metric tonnes by the year 2030 as part of its long-term vision. This ambitious target will not only reduce India’s dependence on imported fossil fuels but also position India as a significant player in the global green hydrogen economy.

Advanced Technology and Environmental Benefits

The integration of solar power with a BESS at Adani’s Kutch plant ensures continuous green hydrogen production, even when sunlight levels change throughout the day. The plant’s fully automated system can dynamically adjust electrolyzer operations according to solar power availability, maximizing efficiency and maintaining operational safety.

By using renewable energy as its sole power source, this plant significantly reduces greenhouse gas emissions. Currently, much of the hydrogen used in industries is produced from fossil fuels, known as grey hydrogen, which contributes heavily to carbon emissions. The green hydrogen produced by Adani’s plant offers a sustainable alternative that can support India’s transition to cleaner industrial processes.

Strengthening India’s Clean Energy Leadership

This new achievement further reinforces Adani’s strong position in driving India’s renewable energy progress. The company has already made substantial progress in solar and wind energy, and its expansion into green hydrogen is a natural step in its clean energy strategy.

The off-grid model demonstrated by the Kutch plant is particularly important for India, where certain regions still lack stable grid infrastructure. This approach offers a flexible and scalable solution that can be replicated across various parts of the country, enabling green hydrogen production even in remote or challenging environments.

Conclusion

Adani’s commissioning of India’s first standalone 5 MW green hydrogen plant in Gujarat is a significant achievement that supports both national and global clean energy goals. The project not only showcases cutting-edge technology but also provides a practical pathway for decentralized green hydrogen generation. By leading this transformation, Adani is setting the foundation for a greener, more energy-secure future for India.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ACME Solar Arranges ₹1,072 Crore Funding for Rajasthan Solar Project

GAIL's ₹844 Crore Investment Boosts Gas Pipeline Capacity!

GAIL's ₹844 Crore Investment Boosts Gas Pipeline Capacity!

GAIL’s ₹844 Crore Investment Boosts Gas Pipeline Capacity!

India’s top gas utility pushes forward with key infrastructure upgrades while facing delays in Mumbai-Nagpur-Jharsuguda and Srikakulam-Angul pipeline projects.

Summary:
GAIL (India) Ltd, the state-owned natural gas transmission giant, has committed ₹844 crore to enhance the capacity of its Dahej-Uran-Dabhol-Panvel pipeline to 22.5 million metric standard cubic meters per day (mmscmd). The company is currently handling rising costs and delays in the schedules of two significant projects: the Mumbai-Nagpur-Jharsuguda pipeline and the Srikakulam-Angul pipeline. These developments reflect both the challenges and urgency in meeting India’s growing demand for cleaner fuel infrastructure.

GAIL (India) Ltd, the country’s leading natural gas transmission and marketing company, has announced a significant investment of ₹844 crore aimed at expanding the capacity of its Dahej-Uran-Dabhol-Panvel (DUDP) natural gas pipeline network. This strategic move will enhance the pipeline’s carrying capacity from its current levels to 22.5 million metric standard cubic meters per day (mmscmd), reinforcing GAIL’s role in India’s transition to a cleaner energy future.
The expansion comes at a time when India’s energy sector is experiencing a paradigm shift—from coal-based power and liquid fuels to natural gas and renewables. As industrial and urban gas demand rises, GAIL’s infrastructure upgrades are crucial for maintaining supply reliability and preparing for future consumption spikes.

DUDP Expansion: Boosting Western India’s Gas Infrastructure
The Dahej-Uran-Dabhol-Panvel pipeline, strategically located along India’s western coastline, plays a pivotal role in transporting imported liquefied natural gas (LNG) from the Dahej and Dabhol terminals to key industrial and urban hubs in Maharashtra and Gujarat. With the demand for piped natural gas (PNG) and compressed natural gas (CNG) increasing in urban centres, particularly Mumbai, Navi Mumbai, and Pune, the decision to expand this pipeline is both timely and essential.
The upgraded pipeline will:
Improve gas flow and reduce pressure drops
Serve growing demand in sectors like power, city gas distribution, refineries, and fertilizer
Enhance grid stability and reduce dependence on spot LNG shipments
Support India’s long-term vision of achieving 15% natural gas share in the energy mix by 2030
This capacity addition is aligned with the government’s goals under the National Gas Grid and the One Nation One Gas Grid initiative, aiming for an integrated and connected gas infrastructure nationwide.

Delays in Other Key Pipeline Projects
Despite the progress on the DUDP front, GAIL is also facing significant delays and cost overruns in two other critical pipeline projects, which are vital for expanding gas access to central, western, and eastern India.
1. Mumbai-Nagpur-Jharsuguda Pipeline
Originally expected to be completed sooner, the significant trunk pipeline linking Maharashtra to Odisha will now be postponed until September 2025. The revised project timeline has also resulted in a cost escalation of ₹411.12 crore, taking the total projected cost substantially higher.
The Mumbai-Nagpur-Jharsuguda corridor is essential for improving gas access in interior regions of Maharashtra, Chhattisgarh, and Odisha—areas that have been traditionally underserved by gas infrastructure. Once operational, it will help bridge the regional energy divide and support industrial development in Tier-2 and Tier-3 cities.
2. Srikakulam-Angul Pipeline
The Srikakulam-Angul pipeline, which is a significant project designed to connect Andhra Pradesh and Odisha, is now anticipated to be finished by December 2025. The delay is attributed primarily to pending forest clearances, a common challenge in infrastructure projects involving eco-sensitive zones.
This pipeline will play a vital role in gasifying eastern India, especially for cities like Vishakhapatnam, Berhampur, and Bhubaneswar, while also facilitating smoother connectivity between LNG terminals and consumption centers.

Investment Outlook and Strategic Vision
GAIL’s commitment to investing ₹844 crore in the DUDP expansion and managing ongoing project delays reflects its strategic balancing act—pushing forward on high-priority projects while mitigating bottlenecks in others. Over the next five years, GAIL is expected to deploy multi-thousand crore investments across pipeline infrastructure, LNG terminals, and renewable energy to support the government’s energy diversification strategy.
Despite operational challenges, the broader outlook for GAIL remains positive:
Strong domestic demand for natural gas, particularly from industrial sectors and city gas suppliers
Increasing policy support, including tax benefits and regulatory reforms, for natural gas adoption
High potential for cross-border pipeline connectivity and LNG re-export
GAIL’s diversification into green hydrogen, solar, and bio-energy aligns with India’s net-zero goals

Market and Policy Reactions
Energy analysts have welcomed GAIL’s announcement, noting that the ₹844 crore investment demonstrates the company’s long-term commitment to infrastructure resilience.
Ankit Shah, Senior Energy Analyst at Nomura India, stated:
“The DUDP pipeline is crucial for meeting the incremental demand in western India. GAIL’s proactive capacity enhancement will help reduce supply volatility and dependence on imported fuels in the region.”
Government agencies have also acknowledged the need for faster regulatory clearances in delayed projects like Srikakulam-Angul, signalling the possibility of policy reforms to accelerate energy infrastructure development.

Conclusion
GAIL’s recent investment of ₹844 crore to expand the DUDP pipeline highlights its crucial role in India’s energy transition. Although setbacks in the Mumbai-Nagpur-Jharsuguda and Srikakulam-Angul projects emphasize the challenges of large-scale infrastructure projects, GAIL’s ongoing efforts to enhance pipeline connectivity and capacity establish it as a key contributor to India’s gas-driven economy.
As India marches towards cleaner energy goals, such projects will not only improve regional gas accessibility but also power industries, reduce emissions, and elevate the country’s energy security profile.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates

Alpex Solar Q1 FY26: Stellar Growth Pushes Company to New Peaks

Premier Energies Plans 10 GW Solar Expansion by FY28 Backed by Robust Indian Market

Premier Energies Plans 10 GW Solar Expansion by FY28 Backed by Robust Indian Market

Premier Energies, a key player in India’s renewable energy sector, has laid out an ambitious roadmap to scale its solar manufacturing capacity to 10 gigawatts (GW) by the fiscal year 2027-28. This aggressive expansion plan is powered by increasing domestic demand for solar energy solutions and aligns with India’s broader push toward self-reliance in renewable energy production.

Targeting 10 GW Capacity to Meet India’s Growing Solar Needs

As India moves rapidly towards its renewable energy goals, Premier Energies is positioning itself to meet the country’s rising solar power demand. The company plans to scale up its solar cell and module manufacturing capacity to 10 GW over the next few years. Currently, Premier Energies operates with a significantly smaller production base, but the company has outlined a clear expansion strategy that will gradually elevate its capacity to meet domestic consumption and future export opportunities.

India’s solar sector is witnessing a strong surge, driven by favorable government policies, rising energy needs, and the global transition toward green energy sources. The Indian government’s support for local manufacturing through initiatives like the Atmanirbhar Bharat campaign and the Approved List of Models and Manufacturers (ALMM) policy is creating a fertile environment for domestic solar companies like Premier Energies to thrive.

Phased Expansion Strategy and Future Growth Plans

Premier Energies has outlined a well-planned, step-by-step strategy to expand its production capacity over multiple phases. By March 2025, the company aims to commission a 1 GW production line focused on the latest TopCon (Tunnel Oxide Passivated Contact) module technology. This will be followed by a major ramp-up of both solar cell and module manufacturing capacities, which are expected to reach around 7 GW and 9 GW respectively by the first quarter of FY 2026-27.

Additionally, Premier Energies is investing heavily in developing backward integration within its supply chain. The company plans to build facilities for key solar components such as wafers, ingots, inverters, and aluminum frames. There are also indications that battery storage solutions may be part of the company’s future diversification plans. These integrated capabilities are being developed under a substantial capital investment program estimated at around ₹12,500 crore, which is expected to be deployed in phases up to FY28.

Robust Financial Performance and Positive Market Outlook

Premier Energies’ strong financial results have boosted investor confidence in the company’s current growth plans. In the third quarter of FY25, the company reported a substantial year-on-year jump in net profit, which increased nearly six times to ₹255 crore. Revenue for the quarter stood at ₹1,713 crore, while the company’s EBITDA margin was recorded at an impressive 30%, reflecting sound operational efficiency.

The company’s order book remains healthy, with confirmed orders totaling around 4.54 GW, valued at approximately ₹6,946 crore. Including pending contracts and future commitments, Premier’s overall order pipeline stands at about 5.3 GW, amounting to ₹8,400 crore. These numbers indicate sustained demand for its products and provide a solid foundation for its planned capacity additions.

ICICI Securities has maintained a positive view on Premier Energies, reiterating its ‘Buy’ recommendation with a 12-month price target of ₹1,320 per share. Analysts believe the company’s strategy of vertical integration and capacity expansion is well-timed to capture the growing domestic solar market.

Global Expansion on Hold Amid Policy Uncertainty

Premier Energies had earlier explored opportunities to enter global markets, especially through a possible joint venture in the United States, but these plans have been temporarily put on hold. The company decided to hold back due to policy uncertainties surrounding the Inflation Reduction Act and other evolving trade regulations in the US.

Instead, Premier Energies is now focusing on consolidating its position within the Indian market, where demand is steadily rising. There are also plans to selectively explore manufacturing opportunities in countries like Malaysia, particularly for wafers, which could provide the company with strategic supply chain advantages in the future.

Riding India’s Solar Growth Wave

India has crossed the 110 GW mark in solar installations as of mid-2025 and is working towards reaching 500 GW of renewable energy capacity by 2030, with solar expected to lead the charge. Domestic module manufacturing is also growing rapidly, with capacity increasing from 39.5 GW to over 60 GW between FY23 and FY24.

Premier Energies’ expansion aligns well with India’s national energy goals, as the government continues to encourage local manufacturing to reduce import dependency. The strong growth in domestic solar installations and policy-driven incentives create favorable conditions for Premier Energies to strengthen its market leadership in the coming years.

Conclusion

Premier Energies’ ambitious plan to reach 10 GW of solar manufacturing capacity by FY28 positions the company as a significant contributor to India’s renewable energy future. Backed by supportive policies, increasing domestic demand, and a robust financial track record, the company is well-placed to capitalize on the rapid expansion of the solar sector. With a clear strategy and phased execution, Premier Energies is expected to play a pivotal role in shaping India’s clean energy landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Stock Market Surge: RIL and Airtel Drive Massive Gains as Sensex Climbs 1.5% in a Week

ONGC Q1 FY26 Results: Profit Growth Amid Revenue Decline

ONGC to Enter Imported LNG Market by Q4 FY26, Expanding Energy Strategy

ONGC to Enter Imported LNG Market by Q4 FY26, Expanding Energy Strategy

The oil major plans a subsidiary-driven push into imported LNG trade by late FY26 alongside renewables and petrochemicals diversification.

Strategic Pivot: ONGC Eyes Imported LNG

State-owned Oil & Natural Gas Corporation (ONGC), India’s energy stalwart, is gearing up to enter the imported liquefied natural gas (LNG) trade by the fourth quarter of fiscal 2025–26. This marks a pivotal step beyond its traditional role of extraction and domestic gas production. The move is part of a broader diversification strategy that spans clean energy, petrochemicals, and LNG import-trading.
While still in the conceptual stage, ONGC is diligently mapping out its entry into the imported LNG sector, aligning its efforts with the national objective of increasing natural gas’s contribution to India’s energy portfolio from approximately 7% to 15% by the year 2030.

Building Infrastructure with Flexibility

Rather than immediately investing in terminals or pipelines, ONGC intends to begin by leasing regasification infrastructure. This strategy allows the company to test the waters in the LNG market with lower capital commitment, before potentially stepping into ownership roles later on.
This incremental approach showcases careful planning—adopting operational control only when market dynamics and LNG pricing become favorable.

Part of a Four Pillar Diversification Strategy

ONGC’s LNG venture is not an isolated step. It’s part of a deliberate strategic transformation anchored on four pillars:

1. Core E&P Optimization
Enhancing exploration and production efficiency remains key. ONGC aims to boost output while cutting operating costs.
2. Renewable Energy Expansion
Building on its clean energy unit ‘ONGC Green Limited’, the company targets 10 GW in green generation capacity, including solar, wind, biofuels, green hydrogen, and ammonia.
3. Petrochemicals and Refining
With plans for its first oil to chemicals refinery and growing investments in ONGC Petro Additions Ltd (OPaL), the company is integrating further downstream.
4. Imported LNG and R LNG Trading
The newest venture will see ONGC join other energy majors in LNG trading, filling a market need for imported gas.

Why Imported LNG Matters

India’s growing energy needs and global energy trends place LNG at a crossroads. While domestic gas production continues, imported regasified LNG (R LNG) offers flexibility to meet demand spikes and stabilize supply. With substantial growth in LNG output projected from key suppliers like the U.S. and Qatar by 2028, ONGC anticipates a likely softening in global pricing trends. paving the way for well-calculated entry opportunities aligned with optimal market dynamics.
Additionally, tapping into imported LNG allows ONGC to hedge against oil volatility. As crude prices slip into a global glut, cheaper gas alternatives could stabilize margins.

Upcoming Implementation and Next Steps

Currently, ONGC is reviewing regasification capacities on India’s west coast and has initiated discussions with city gas distribution companies for long-term supply contracts. The firm has begun issuing tenders to source ethane starting mid-2028, indicating a continued evolution and fine-tuning of its upstream strategic approach.
Parallelly, ONGC continues building out its green energy unit and ongoing partnerships—whether through a JV with NTPC Green Energy for wind or proposed ethane-shipping ventures for its petrochemical plants.

Market and Sector Implications

1. Alignment with 2030 Gas Targets
ONGC’s initiative aligns seamlessly with the government’s vision to expand natural gas’s role in the national energy framework, making its timing both strategic and opportune.

2. Strengthened Position in Energy Market
ONGC’s planned entry into the regasified LNG domain, along with its expanding energy ventures, places it in the league of established gas-market players like GAIL, Petronet, and IOCL, enhancing its presence in the competitive natural gas ecosystem. It also adds resilience to its existing crude led revenues.
3. Capex and ROI Transparency
The approach of leasing infrastructure minimizes upfront investment. Success will hinge on securing favourable LNG pricing and robust offtake contracts.
4. Decarbonisation and Policy Fit
This move dovetails with ONGC’s larger aim of lowering carbon intensity, targeting renewables, biofuels, hydrogen, and LNG under its ‘Green’ umbrella.

Final Thoughts

ONGC’s anticipated move into the imported LNG market by the fourth quarter of FY26 marks a significant transformation in its long-term strategic direction. It broadens its operational horizon beyond exploration and production into trading, infrastructure services, and integrated energy supply. The move capitalizes on India’s national shift toward natural gas, serving as both a commercial opportunity and a defensive hedge.

By combining conservatively leased infrastructure, smart partnerships, and a diversified energy portfolio—covering renewables, petrochemicals, and LNG—ONGC is reshaping its business model to meet future energy needs sustainably. If implemented efficiently, this commercial expansion will not only boost India’s gas availability but also enhance ONGC’s role as an energy conglomerate suited for the 21st century.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Mitsubishi’s $8 Billion Shale Gas Play: A Strategic Leap into U.S. LNG

Mitsubishi’s $8 Billion Shale Gas Play: A Strategic Leap into U.S. LNG

Mitsubishi’s $8 Billion Shale Gas Play: A Strategic Leap into U.S. LNG

Japanese Conglomerate Eyes Major U.S. Shale Acquisition to Cement Global LNG Leadership

Mitsubishi’s Ambitious U.S. Expansion
Mitsubishi Corporation, one of Japan’s largest trading houses, is making headlines as it negotiates the acquisition of Aethon Energy Management’s extensive shale gas and pipeline assets in the United States. The proposed $8 billion deal would provide Mitsubishi with a direct foothold in one of the world’s most prolific natural gas regions—Louisiana and East Texas’s Haynesville Shale.
These assets, among the largest privately held in the U.S., include significant upstream shale gas operations and over 1,200 miles of pipelines. The proximity to the Gulf Coast is particularly strategic, as this region is a hub for liquefied natural gas (LNG) export facilities, both existing and under development.

Why the Haynesville Shale Matters
The Haynesville Shale is the second-largest natural gas-producing basin in the U.S., with output that feeds directly into LNG export terminals along the Gulf Coast. Control over this supply chain gives Mitsubishi a crucial advantage: it can secure feedstock for its global LNG projects, including the Cameron LNG terminal (where Mitsubishi already holds a stake) and LNG Canada, while reducing exposure to volatile spot market prices.

Strategic Rationale: Beyond Supply Security
All-in-One Business Model:
By acquiring Aethon, Mitsubishi would not only export LNG but also gain the ability to market natural gas within the U.S., creating a vertically integrated business model. This approach allows the company to capture value at multiple points in the supply chain, from production to export.
Global LNG Boom:
The timing aligns with a surge in U.S. LNG exports, fueled by regulatory support and rising demand in Asia. The U.S. is projected to supply a significant share of global LNG demand by 2035, and Mitsubishi’s expanded presence positions it to benefit from this trend.
Energy Transition and Decarbonization:
Mitsubishi’s strategy also includes a commitment to decarbonization. The company plans to introduce synthetic methane (“e-methane”) produced from hydrogen and CO₂ by 2030, leveraging its LNG infrastructure to meet stricter emissions standards and future-proof its business.

Competitive Landscape and Deal Dynamics
Aethon Energy Management is backed by major investors, including RedBird Capital Partners and the Ontario Teachers’ Pension Plan Board.
The assets have drawn interest from other global energy players, such as Abu Dhabi National Oil Company (ADNOC), indicating the strategic value of U.S. shale resources.
While Mitsubishi is in advanced talks, there is no guarantee the deal will close. The company has stated that no final decision has been made and that any material developments will be disclosed appropriately. Given the competitive dynamics of the process, additional bidders may still come forward.

Implications for Mitsubishi and the Global Energy Market
Largest-Ever Acquisition:
If finalized, this would mark Mitsubishi’s largest acquisition to date, surpassing 1 trillion yen (approximately $6.9 billion), and would significantly broaden its natural gas portfolio.
Strengthening LNG Leadership:
Mitsubishi holds equity interests in LNG ventures across Australia, Canada, Malaysia, Oman, Russia, and the U.S., collectively producing around 13 million tonnes annually.
The Aethon assets would enhance its ability to supply LNG to Asia and other markets, reinforcing its global leadership.
Investment Trend:
This development is part of a wider trend of global investment in U.S. energy infrastructure as global players seek to secure reliable, long-term energy supplies amid shifting regulatory and market landscapes.

Risks and Opportunities
Market Volatility:
The LNG market faces potential oversupply as other producers, such as Qatar and Russia, ramp up output. However, Mitsubishi’s focus on both conventional and green LNG may help mitigate these risks.
Regulatory Uncertainty:
Changes in U.S. energy policy could impact export approvals and market access. Mitsubishi’s diversified global portfolio and partnerships may help navigate these uncertainties.
Long-Term Growth:
Despite short-term risks, the acquisition positions Mitsubishi to play a central role in the global energy transition, balancing traditional and renewable energy investments.

Conclusion
Mitsubishi’s $8 billion offer for Aethon Energy Management’s U.S. shale assets represents a decisive strategic step that has the potential to redefine its global energy presence.
By gaining direct access to one of the largest natural gas basins in the U.S. and integrating upstream, midstream, and export operations, Mitsubishi is positioning itself at the forefront of the LNG export boom and the broader energy transition. While the deal is not yet finalized, its successful completion would signal a new era for both Mitsubishi and the global LNG market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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China’s Renewed Spark: How Rising Demand Is Reviving Natural Diamond Exports

Tata Power Supercharges India’s Green Goals with Bold Investment Drive

Winsol Engineers Bags Significant Wind Energy Contract, Strengthens Green Energy Portfolio

Winsol Engineers Bags Significant Wind Energy Contract, Strengthens Green Energy Portfolio

 

Winsol Engineers Ltd, an emerging player in the renewable infrastructure space, has recently secured a substantial contract for a wind energy project in Gujarat. Awarded by Juniper Green Energy Ltd, this new deal enhances Winsol’s project portfolio and reinforces its growing presence in India’s fast-evolving green energy market.

Details of the New Wind Power Assignment

The company has received a project order for the development of a 300 MW wind power installation at Jam Khambaliya in Gujarat. The contract, worth approximately ₹5.56 crore, includes a comprehensive scope of work such as the design, procurement, engineering, supply, installation, and commissioning of 33 kV overhead transmission lines. These transmission lines are crucial for channeling the electricity generated by the wind turbines to the grid.
Winsol Engineers is expected to complete the project within a tight timeline of six months from the date of the order. Successfully delivering this project on schedule would further demonstrate the company’s ability to execute complex renewable energy assignments efficiently.
The new order also represents a strengthening of the company’s relationship with Juniper Green Energy, a prominent name in India’s green energy sector.

Financial Growth and Market Standing

In the second half of fiscal year 2024-25, Winsol Engineers recorded a revenue of ₹69 crore, showing a strong year-on-year growth of 64% compared to ₹42 crore in the same period the previous year. Despite this sharp revenue increase, the company’s net profit remained steady at ₹5 crore, indicating controlled operational expenses and healthy margins.
From a valuation standpoint, Winsol’s shares currently trade at a price-to-earnings (P/E) ratio of 19.9, making them comparatively more affordable than the sector average of 34.3. This potentially offers an attractive investment opportunity for those looking to enter the renewable energy infrastructure segment.
The company’s financial structure also appears sound, with a debt-to-equity ratio of just 0.34, reflecting cautious debt management. Over the past three years, Winsol Engineers has consistently delivered impressive returns, posting a Return on Equity (ROE) of 42.6% and a Return on Capital Employed (ROCE) of 30.3%. These figures showcase Winsol’s operational strength and its ability to efficiently generate profits from its investments.

Focused Expansion in the Renewable EPC Space

Founded in 2015, Winsol Engineers has steadily built its reputation as a reliable provider of Engineering, Procurement, Construction, and Commissioning (EPCC) services, particularly within the renewable energy sector. The company’s portfolio spans substation construction, transmission line development, grid integration solutions, and critical foundation works for both wind and solar energy projects.
Winsol’s strategy of focusing on mid-sized projects with faster delivery timelines has helped the company rapidly convert orders into revenue while building strong partnerships within the renewable energy community.
The recent project from Juniper Green Energy further highlights Winsol’s rising profile as a trusted partner for delivering key green energy infrastructure on time and with quality assurance.

Sector Outlook and Growth Potential

India’s renewable energy sector is experiencing a major growth phase, supported by favorable government policies, corporate sustainability initiatives, and strong investment flows into clean power projects. The nation is aiming to reach a non-fossil fuel capacity of 500 GW by 2030, and companies like Winsol Engineers are poised to benefit from this large-scale shift.
Timely and successful execution of the current wind project could position Winsol for more future opportunities with Juniper Green Energy and other significant players in the sector. Winsol’s consistent ability to complete complex projects within challenging deadlines can serve as a key differentiator in securing additional contracts in the competitive renewable EPC market.
Industry analysts and investors will likely track Winsol’s progress on upcoming projects, revenue growth, and profitability as the company works to expand its renewable energy footprint. With a solid project pipeline, disciplined financial approach, and strong demand from the green energy space, Winsol Engineers appears ready for sustained growth.

Conclusion

Winsol Engineers’ recent success in securing a major wind power contract marks a notable step in its journey to becoming a significant contributor to India’s renewable energy mission. The company’s continuous expansion, strong operational efficiency, and sound financial management are positioning it well for long-term success. As India aggressively pushes towards a cleaner energy future, Winsol Engineers is set to play a pivotal role in building the nation’s green energy infrastructure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Rulka Electricals Secures ₹16.34 Crore in New Orders, Stock Hits Upper Circuit

Battery Storage Win Powers Acme Solar’s Stock Surge

ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Global Plc, a major contributor to the renewable energy sector, has reported a staggering fivefold jump in its net profit for the fourth quarter of fiscal year 2025. The company posted a consolidated profit of ₹313.7 crore, significantly higher than the ₹60.9 crore earned during the same quarter a year earlier. This notable growth highlights ReNew Energy’s efficient strategies and the strong impact of its solar module and cell manufacturing operations.

Q4 Financial Highlights
During Q4, ReNew Energy achieved total revenue of ₹3,439.1 crore, reflecting a robust 39% rise from ₹2,477.6 crore in the corresponding quarter of FY24. A major driver of this growth was the ₹991.4 crore generated from external sales of solar modules and cells. Additionally, income from power sales increased to ₹1,829.4 crore, compared to ₹1,690.8 crore in the same period last year. These results demonstrate the company’s growing efficiency in both energy production and solar manufacturing.
For the full financial year, ReNew Energy’s net profit reached ₹459.1 crore, improving from ₹414.7 crore in the previous year. Annual total income rose to ₹10,907 crore from ₹9,653 crore in FY24. The solar module and cell division contributed ₹1,337 crore to yearly revenue, indicating increasing demand for homegrown green energy components.

Growth in Manufacturing Capacity
A critical factor behind ReNew Energy’s performance is its focus on rapidly expanding manufacturing facilities. The company currently has a production capacity of 6.5 GW for solar modules and 2.5 GW for solar cells. This in-house manufacturing scale has positioned ReNew to successfully meet rising demand and improve profitability.
The company’s renewable energy capacity also grew significantly, increasing from 13.5 GW in March 2024 to 17.3 GW by the end of March 2025. Additional power purchase agreements (PPAs) signed after the fiscal year-end added another 1.2 GW to its portfolio. Including these agreements and 1.1 GWh of battery storage assets, ReNew’s total green energy portfolio now stands at roughly 18.5 GW.
ReNew also achieved progress in project commissioning. By March 31, 2025, the company had commissioned 10.7 GW of capacity, with an additional 466 MW added soon after. These developments highlight ReNew’s increasing presence in the renewable energy market and its efforts to build an integrated green energy operation.

Acquisition Proposal and Investor Interest
ReNew Energy’s impressive growth has drawn the attention of global investors. The company recently received a non-binding acquisition offer from a consortium including Masdar of Abu Dhabi, Canada Pension Plan Investment Board (CPPIB), Platinum Hawk (a subsidiary of Abu Dhabi Investment Authority), and ReNew CEO Sumant Sinha. The proposal suggests acquiring the remaining Class A shares at a price of $7.07 per share. An independent committee is carefully evaluating the offer to ensure it benefits all shareholders.
This development reflects the growing confidence of international investors in India’s renewable energy sector and in ReNew’s long-term growth strategy. It also shows strong belief in the company’s ability to deliver sustained performance.

FY26 Growth Projections
ReNew Energy has shared positive expectations for fiscal year 2026. The company plans to add between 1.6 GW and 2.4 GW of additional renewable capacity in the coming year. It anticipates adjusted EBITDA in the range of ₹8,700 crore to ₹9,300 crore, and forecasts cash flow to equity between ₹1,400 crore and ₹1,700 crore. These projections confirm ReNew’s commitment to scaling its operations while maintaining strong financial control.
The company’s ongoing investments in both solar manufacturing and renewable energy projects place it in a favorable position to benefit from India’s aggressive clean energy goals and the global movement toward sustainable energy solutions.

Summary
ReNew Energy’s outstanding Q4 FY25 performance showcases its ability to successfully leverage the rising demand for green energy. The company’s rapid growth in solar manufacturing and renewable capacity has strengthened its financial position and enhanced its competitiveness. With a solid growth outlook, acquisition interest from major investors, and a clear strategic direction, ReNew Energy appears well-positioned to sustain its success in the evolving renewable energy landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Penny Stock Soars After ₹8.68 Crore US Foods Order Sparks Investor Buzz