News on Indian Economy
Under the EPC arrangement, the company undertook the design and engineering work, equipment procurement, installation, testing and commissioning of the battery storage facility. Such projects require the integration of battery modules, power conversion equipment, electrical protection systems, thermal management infrastructure and automated controls.
The purchase order from IMI Systems marks OBSC Perfection’s first reported contract with the Israeli defence manufacturer. IMI Systems operates within the Elbit Systems group, one of Israel’s major defence technology companies.
India installed 6.05 GW of wind power capacity during FY2025–26, surpassing its previous annual record of approximately 5.5 GW achieved in FY2016–17. According to the Ministry of New and Renewable Energy (MNRE), the latest addition represented an increase of nearly 46% over FY2024–25, when approximately 4.15 GW was installed.
The existing Central Goods and Services Tax Act, 2017, provides arrest powers in specified cases involving serious tax offences. These provisions form part of the enforcement framework intended to address fraudulent transactions, deliberate tax evasion and other violations.
According to Bandyopadhyay, NVVN expects to synchronise its initial 500 MWh battery storage capacity within days. Grid synchronisation will allow the system to be connected and tested under operational conditions before commercial service begins.
The development comes as Indian Railways expands the use of dedicated freight infrastructure to improve goods transportation, reduce congestion on conventional railway lines and strengthen connectivity between industrial centres, ports and major consumption markets.
NTPC’s proposed nuclear expansion covers three geographically distinct regions, with sites identified in Madhya Pradesh, Bihar and Odisha. Reports indicate that the company is considering facilities with generating capacities ranging from 2 GW to 4 GW at each location, potentially creating a combined development pipeline of up to 12 GW.
The October 8 listings included Sollfege Smart Electronics, EverestIMS Technologies, Dove Soft, SJP Ultrasonics, Eventions, Omara Ventures India and Shree TNB Polymers.
Developed by DRDO’s Naval Materials Research Laboratory (NMRL), the fuel-cell-based propulsion system is designed to extend the underwater endurance of diesel-electric submarines without requiring them to surface or snorkel frequently for battery charging.
Under the agreement, Paras Defence holds an exclusive licence to manufacture and commercialise the Guardian-1 counter-drone interceptor in India. The system is a high-speed, battery-powered unmanned aircraft designed to intercept relatively inexpensive aerial threats.
