Top 10 trending industrial news today

trending industrial news highlights:

1. Railways Records Highest Ever Loading:

   • During the financial year 2023-24, the Indian Railways achieved a record-high freight loading of 1591 million tonnes (MT), up from 1512 MT in the previous fiscal year. This represents a significant milestone, with the national transporter recording the highest-ever loading in a fiscal, with an incremental loading of 79 MT¹.

2. Tata Power Renewable Energy’s Solar Project:

   • Tata Power Renewable Energy Ltd commissioned a 200 MW solar project in Bikaner, Rajasthan. This project generates 485 million units of green energy annually and offsets 388,000 tonnes of carbon footprints. TPREL’s total renewables capacity now stands at 9,018 MW¹.

3. Ratings Upgrade and Vistara’s Flight Operations:

   • Ratings upgrades have outpaced downgrades in the second half of 2024, although the pace has moderated¹.
   • Vistara, the Indian airline, will temporarily reduce flight operations due to disruptions¹.

4. Aditya Birla Group Considers Demerger:

   • The Aditya Birla group is contemplating the demerger of Madura Fashion & Lifestyle into a separate listed company¹.

5. Eastern Railway’s Freight Revenue:

   • Eastern Railway earned its best-ever freight revenue of Rs 7,774.62 crore in FY 2023-24¹.

6. Government Pushes ACC Battery Storage Scheme:

   • The government is actively promoting the ACC battery storage scheme, with the budget having been increased sixfold in recent years¹.

7. Healthtech Sector Hiring and Pocket FM’s ESOP Buyback:

   • Despite a startup funding winter, the healthtech sector witnessed a 9% increase in hiring in 2023¹.
   • Pocket FM completed its first ESOP buyback¹.

8. Waaree Energies’ Solar Module Supply Order:

   • Waaree Energies secured a 220 MW solar module supply order from Sprng Energy India¹.

9. India’s Coal and Lignite Production Hits All-Time High:

   • India’s coal and lignite production reached an all-time high of over 1 billion tonnes in FY 2023-24, according to Coal Minister Pralhad Joshi¹.

10. Digitization as a Key Driver for Mahindra Finance:

    • Digitization will be a key driver for Mahindra Finance, according to the MD designate¹.