News on Indian Economy
India’s achievement of the 50 per cent non-fossil electricity capacity target represents an important development in its energy transition programme. The country’s NDC commitment under the Paris Agreement includes increasing the share of non-fossil fuel-based energy resources to approximately half of its cumulative installed electricity generation capacity by 2030.
Balu Forge stated that its newly developed jet engine components had received quality approval against demanding tolerance requirements. The achievement is particularly relevant because aerospace manufacturing requires a high degree of consistency in component geometry, material characteristics and production quality.
India’s civil aviation sector has operated for decades under the Aircraft Rules, 1937, which were introduced during the colonial period and subsequently amended to accommodate advances in aviation technology, commercial air transport and international safety requirements.
The company also disclosed a domestic supply contract for 6,000 sets of M1 shell forgings from a Central Public Sector Undertaking. The order represents another development in its defence manufacturing activities, although the company has not disclosed the identity of the awarding organisation or the contract’s financial value.
The announcement forms part of a broader business update in which Balu Forge confirmed progress across its defence, aerospace and industrial manufacturing operations. While the company has disclosed the receipt of the Czech purchase order, it has not identified the customer or provided details concerning the contract value, ordered quantities, component specifications or delivery schedule.
The announcement follows the company’s progress in other artillery ammunition programmes, including the commencement of dispatches of 152 mm empty shells and successful quality approval of its 155 mm Extended Range Full Bore (ERFB) shell. Together, these developments demonstrate Balu Forge’s efforts to establish a broader manufacturing portfolio serving different artillery ammunition requirements.
The announcement also confirmed that Balu Forge has completed multiple dispatches of 152 mm empty artillery shells against previously secured orders. While these deliveries demonstrate progress in executing the company’s existing defence order book, serial dispatches of the newly approved 155 mm ERFB shells are expected to commence shortly.
The scheme is designed to enable participating households to meet a substantial portion of their electricity requirements through solar generation. It also aims to facilitate up to 300 units of free electricity per month for eligible households, depending on system capacity, electricity generation, consumption patterns and applicable billing arrangements.
The SIGMA 30N is a digital ring laser gyroscope-based inertial navigation system developed by Safran Electronics & Defense. It is designed to provide accurate positioning, orientation and navigation information for military platforms, particularly artillery systems that require precise alignment before firing.
A significant milestone in India’s geothermal development programme was achieved in July 2026 when the ONGC Energy Centre commissioned the country’s first two geothermal wells in the Puga Valley of Ladakh. Located at an altitude exceeding 14,000 feet,
