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Category: Economy

  • From 10X Growth to ₹400 Crore Orders: Probus Raises $5M to Transform Energy Management

    With $8M raised to date, Probus scales AI-based smart metering solutions, expanding into 9 states and driving India’s Net Zero goals.

    DeepTech startup Probus Smart Things has secured $5 million in Series A1 funding, led by Unicorn India Ventures, with additional participation from US-based and Indian family offices. This marks Unicorn India Ventures’ fourth investment in Probus, reinforcing confidence in the company’s AI-driven energy management solutions. With this round, Probus’ total funding has crossed $8 million.
    Probus will use the funding to scale its AI-powered smart grid applications and expand its patented dual-communication smart metering technology across multiple states in India. The company’s ₹400 crore order book reflects its 10X revenue growth since 2023, cementing its role as a leader in smart metering and power distribution automation.

    Probus specializes in end-to-end IoT solutions for electricity distribution utilities, enabling them to digitize their grids, optimize power distribution, and enhance operational efficiency. With the growing adoption of Automatic Metering Infrastructure (AMI) under India’s Revamped Distribution Sector Scheme (RDSS-2), Probus is focusing on expanding AI-driven real-time analytics and predictive maintenance solutions.

    According to Anil Joshi, Managing Partner at Unicorn India Ventures, Probus has emerged as a game-changer in India’s last-mile power distribution ecosystem. He highlighted that the company’s ₹400 crore order book, coupled with rapid innovation in AI-powered smart grid solutions, showcases its strong market potential. With India’s increasing focus on renewable energy integration and grid automation, Probus is well-positioned to lead the transformation in power distribution technology.
    Anand Singh, Co-founder & CEO of Probus Smart Things, stated that Probus is committed to digitizing India’s electricity grid and reducing distribution losses. He emphasized that the company’s AI-driven grid analytics and real-time monitoring solutions are helping utilities transition toward a sustainable and data-driven energy ecosystem. Singh also announced that Probus is set to expand its AI-powered solutions to 9 states, further scaling its footprint in India’s smart grid transformation journey.

    The company’s dual-communication smart metering technology, integrating cellular and Bluetooth networks, ensures seamless data transmission while reducing operational costs for utilities. This innovation is already being deployed across multiple states, significantly improving the adoption of smart meters.
    Since its last funding round in 2023, Probus has achieved significant milestones, including filing for four new patents, tripling its team size, and launching a state-of-the-art Innovation Center in Noida. With strategic partnerships with major power utilities such as Adani Power, Tata Power, and Torrent Power, Probus is strengthening its role as a trusted partner in India’s smart grid revolution.

    With the Indian government’s focus on sustainable energy transition, Probus plans to vertically integrate its AI-powered grid management solutions and drive innovation in smart metering, energy analytics, and power distribution automation. The company is poised for 10X revenue growth over the next 12 months, leveraging real-time AI-powered analytics to make India’s energy sector more efficient, data-driven, and resilient.
    For more details, visit Probus Smart Things.

    About Unicorn India Ventures
    Unicorn India Ventures is a leading technology-focused early-stage venture fund, backing DeepTech, AI, semiconductor, and energy startups. With ₹1,000 Cr Fund III, the firm has invested in Gamerji, Probus, Netrasami, Orbitaid, and other category-defining startups.
    For more details, visit Unicorn India Ventures.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Powering a Greener Tomorrow: Hindustan Zinc Strengthens Its Global Commitment to Sustainability & Innovation

    From water positivity to net-zero targets, Hindustan Zinc is driving transformational change in the global metals industry.

    Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second-largest integrated zinc producer, is setting new global benchmarks in sustainability, ESG leadership, and responsible mining practices. With an unwavering commitment to transparency, renewable energy, and stakeholder value creation, Hindustan Zinc continues to lead the transition toward a cleaner, greener future in the metals and mining industry.
    As a subsidiary of Vedanta Resources, Hindustan Zinc has consistently integrated sustainable innovation across its operations, reinforcing its global leadership in ESG-driven mining. The company’s latest Integrated Annual Report and Sustainability Report for FY 2023-24 highlight its milestones in environmental responsibility, social impact, and governance excellence, positioning it at the forefront of global sustainability initiatives.

    Driving a Net-Zero Future with ESG Excellence
    Hindustan Zinc has set ambitious net-zero carbon targets for 2050, making significant strides in renewable energy adoption, water conservation, and sustainable mining practices. As part of its long-term ESG roadmap, the company has achieved:

    • Over ₹269 crores invested in social impact programs, transforming the lives of 1.9 million people across 3,700 villages.
    • 2.41 times water positivity, ensuring efficient water management and conservation in its mining operations.
    • Renewable energy generation of 2.51 MGJ, reinforcing its commitment to reducing carbon emissions.
    • Phase 1 launch of a 4,000 KLD Zero Liquid Discharge (ZLD) plant at Zawar Mines, strengthening its sustainability initiatives.
    • 64% local procurement in Rajasthan and Uttarakhand, fostering economic growth within local communities.

    Global Recognition for Sustainability & Transparency
    Hindustan Zinc’s Integrated Annual Report 2023-24, titled “Forging Ahead: Sustainably. Innovatively. Responsibly.”, received a near-perfect score of 99 out of 100, solidifying its status as a global leader in corporate transparency and ESG disclosures. The company’s Sustainability Report debuted with worldwide recognition, further highlighting its commitment to responsible business practices, stakeholder engagement, and innovative reporting standards.
    The company also became:

    • The first Indian metal and mining company to validate Science-Based Targets (SBTs) for carbon neutrality.
    • A certified leader in the Task Force on Nature-Related Financial Disclosures (TNFD) initiative, strengthening biodiversity and conservation efforts.
    • A pioneer in sustainable mining with two newly granted Indian patents for innovative methodologies.

    Sustainability Beyond Business: Social & Economic Impact
    Beyond its environmental leadership, Hindustan Zinc is committed to inclusive growth, community development, and workforce empowerment. The company has been recognized as one of India’s Top 10 CSR companies, with initiatives focused on:

    • Education & Skill Development: Programs benefiting thousands of youth, enhancing employability in sustainable industries.
    • Healthcare & Well-Being: Providing medical support and infrastructure for underprivileged communities.
    • Women’s Empowerment & Livelihood Projects: Driving socio-economic upliftment through targeted interventions.

    Industry Leaders Applaud Hindustan Zinc’s Sustainability Efforts
    Sandeep Modi, Chief Financial Officer, Hindustan Zinc Limited, remarked, “Sustainability is at the core of our operations. Our focus on ESG-driven growth ensures that we create long-term value for stakeholders while contributing to a greener planet. These recognitions reinforce our commitment to responsible mining and innovation.”
    Gautam Bhansali, Head-India & South Asia of SACE, added, “Hindustan Zinc continues to set new standards in responsible mining. Their commitment to sustainability, transparency, and social impact makes them a global benchmark in the industry.”

    Pioneering the Future of Sustainable Mining
    With 75% market share in India’s primary zinc sector, Hindustan Zinc plays a pivotal role in shaping the country’s transition towards a low-carbon, resource-efficient economy. The company’s sustainable initiatives align with India’s Net Zero goals, COP28 commitments, and the UN Sustainable Development Goals (SDGs).
    As Hindustan Zinc continues its journey towards achieving net-zero emissions, pioneering green mining technologies, and championing corporate responsibility, it remains a trailblazer in the global metals and mining landscape.
    For more details, visit Hindustan Zinc or access the reports:
    📄 Integrated Annual Report: Download here
    📄 Sustainability Report: Download here
    At Prittle Prattle News, we bring you deeply researched, high-impact storytelling that goes beyond the ordinary. From fashion’s most iconic moments to exclusive interviews with India’s greatest designers, we deliver stories that shape the industry. Follow us on LinkedIn, Instagram, and YouTube for exclusive updates.

  • India’s Urban Commute Gets an Upgrade with BattRE’s New LOEV+ Electric Scooter

    With advanced safety, smart connectivity, and a 3-year battery warranty, LOEV+ is built for reliable daily rides.

    BattRE Electric Mobility, one of India’s fastest-growing electric vehicle (EV) manufacturers, has launched LOEV+, a high-performance and budget-friendly electric scooter designed for urban commuters. Featuring an IP67-rated Amaron battery, a top speed of 60 km/h, smart connectivity, and fast charging capabilities, LOEV+ aims to redefine electric mobility for Indian riders.
    Priced at ₹69,999 (ex-showroom) plus handling charges, the LOEV+ is among the most affordable high-speed electric scooters in India. With its 3-year warranty on both battery and charger, advanced safety features, and energy-efficient design, BattRE is targeting the growing shift toward eco-friendly urban transport in the country.
    The launch of LOEV+ comes at a time when India’s EV adoption is accelerating, driven by government incentives, rising fuel costs, and consumer demand for cleaner transport solutions. The new model is positioned to provide an affordable and reliable alternative to petrol scooters, making daily commuting smoother and more sustainable.

    Cutting-Edge Battery & Charging Technology
    LOEV+ is powered by an advanced 2kWh Amaron lithium-ion battery, designed to provide long-lasting performance and durability. The battery uses premium 21700 cells (5Ah), offering better energy efficiency and stability. Unlike conventional e-scooters that take longer to charge, the LOEV+ fully recharges in just 2 hours and 50 minutes, making it one of the fastest-charging electric scooters in its segment.
    The IP67-rated battery and charger ensure protection against water and dust, allowing the scooter to function reliably in diverse weather conditions, including heavy rains and dusty environments. This feature significantly enhances the scooter’s longevity and reliability, especially for riders in metro cities and tier-2 urban areas.
    With a 3-year warranty on both the battery and charger, BattRE aims to provide users with long-term peace of mind and cost savings on maintenance.

    Prioritizing Safety for Indian Roads
    Safety has been a core focus in LOEV+’s design, with features that cater to urban riding challenges. The combined disc-brake system improves braking efficiency, reducing stopping distance and ensuring greater rider control. A 180mm ground clearance makes it easier to navigate through India’s bumpy roads, potholes, and speed breakers, ensuring a smooth and stable ride.
    To prevent accidental acceleration while parked, the scooter includes a parking switch, enhancing rider security in crowded areas and on inclines. Additionally, the saree guard ensures added safety for pillion riders, making LOEV+ an ideal choice for families and working professionals.

    Smart Technology & Connectivity for a Better Ride
    LOEV+ is fully CAN-enabled, ensuring seamless communication between all vehicle components for improved efficiency and diagnostics. The scooter features Cruise Control, allowing riders to maintain a steady speed on highways and longer routes. The Hill Hold Assist system provides stability on inclined roads, making city commutes more effortless.
    The advanced digital speedometer displays crucial information, including distance to empty (DTE) and state of charge (SoC), helping riders track battery levels and plan their routes efficiently. These intelligent features set LOEV+ apart in the budget-friendly electric scooter segment, making it a tech-driven solution for modern commuters.

    A Sporty, Minimalist Design with Custom Color Options
    BattRE has crafted the LOEV+ with a sleek, minimalist, and sporty design, focusing on both aesthetics and functionality. The 12-inch alloy wheels offer better grip and handling, while LED dual lamps provide superior visibility at night.
    The LOEV+ is available in five stylish colors:

    • Starlight Blue
    • Pearl White
    • Midnight Black
    • Stormy Grey
    • Ice Blue

    With these modern and trendy color options, the LOEV+ allows riders to express their personal style while embracing the future of electric mobility.

    Performance & Riding Modes for Every Need
    LOEV+ comes with three distinct riding modes, allowing riders to optimize performance based on their needs:

    • Eco Mode – Maximum efficiency, offering a top speed of 35 km/h and a range of 90 km per charge.
    • Comfort Mode – A balance of speed and efficiency, reaching 48 km/h with a 75 km range.
    • Sports Mode – Designed for performance, achieving a top speed of 60 km/h with a 60 km range per charge.

    These riding modes make LOEV+ versatile for different commuting needs, from long-distance rides to short city commutes.

    A Word from BattRE’s Leadership
    Speaking at the launch, Nishchal Chaudhary, CEO & Managing Director of BattRE Electric Mobility, said:
    “LOEV+ is built with the future of urban commuting in mind. It is one of the most affordable high-speed scooters in India, packed with features that deliver performance, safety, and reliability. As India shifts towards electric mobility, we are committed to providing smart and sustainable solutions for our riders.”
    Pricing, Availability & Dealer Network
    LOEV+ is priced at ₹69,999 (ex-showroom) plus handling charges and is now available at 400+ BattRE dealerships across 21 states in India. The company has been expanding its dealer network to make EVs more accessible to customers nationwide.
    For further details, visit BattRE Electric Mobility.
    At Prittle Prattle News, we bring you deeply researched, high-impact storytelling that goes beyond the ordinary. From fashion’s most iconic moments to exclusive interviews with India’s greatest designers, we deliver stories that shape the industry. Follow us on LinkedIn, Instagram, and YouTube for exclusive updates.

  • India’s Textile Waste Crisis Meets a $3.5 Billion Solution: Primus Partners & Maharashtra Govt Release Action Plan

    New report at Bharat Tex 2025 charts India’s path to a zero-waste fashion industry, calling for policy reforms, green tech adoption, and Extended Producer Responsibility (EPR).

    Primus Partners, in collaboration with the Government of Maharashtra, has launched a groundbreaking report at Bharat Tex 2025, outlining a strategic roadmap to transform India’s textile industry into a zero-waste sector by 2047. With textile waste becoming a growing environmental and economic challenge, the report highlights how India can unlock a $3.5 billion opportunity and create 1 lakh new jobs by implementing sustainable manufacturing, textile waste management, and policy reforms.
    The report, titled “Making India a Zero-Waste Fashion Country – A $3.5 Billion Economic Opportunity Creating 1 Lakh Jobs“, was officially presented by Hon’ble Minister of Textiles, Mr. Sanjay Savkare, with Maharashtra serving as the Knowledge Partner. The launch event brought together key leaders, including Chief Minister Shri. Devendra Fadnavis, Deputy Chief Ministers Shri. Eknath Shinde and Shri. Ajit Pawar, Industry Minister Shri. Udit Samant, and senior policymakers, all of whom emphasized the urgent need to shift towards a circular economy in fashion.

    The textile industry is one of India’s largest economic drivers, but it also contributes significantly to waste generation and pollution. The report highlights that India produces over 1 million tons of textile waste annually, much of which goes into landfills or is incinerated, causing severe environmental damage. However, through sustainable interventions and circular economy practices, the sector could repurpose waste into high-value materials, boost exports, and generate employment in recycling, green technology, and sustainable fashion innovation.
    A key component of the report is the 5F Framework, which outlines a structured approach to embedding sustainability across Farm, Fiber, Factory, Fashion, and Foreign.
    To drive the shift towards zero-waste fashion, the report calls for a National Sustainable Textile Policy and the introduction of an Extended Producer Responsibility (EPR) Scheme. These measures would hold manufacturers accountable for waste reduction while ensuring that textile waste collection, recycling, and disposal infrastructure is strengthened. Additionally, the report recommends the establishment of Textile Waste Collection Centers across India, allowing manufacturers and consumers to responsibly recycle textile waste.

    The financial barriers to sustainable fashion adoption remain one of the biggest hurdles in India. The report stresses the need for government-backed incentives, low-cost green loans, and dedicated funding programs for textile manufacturers willing to adopt circular economy principles. It also highlights the importance of training programs to equip workers with skills in sustainable textile production, ensuring that the transition to a zero-waste system benefits not just businesses but also India’s labor force.
    Speaking at the launch, Kanishk Maheshwari, Co-Founder & Managing Director of Primus Partners, expressed optimism about the future of India’s textile sector. “This report isn’t just about managing waste; it’s about rethinking the way we produce, consume, and recycle textiles. India has the potential to lead the world in sustainable fashion, but we need policy frameworks, industry collaboration, and public awareness to make this vision a reality.”

    With India aiming to become a global leader in sustainable fashion, the report presents a clear vision for achieving that goal. By 2030, it predicts that India can cut textile waste by 50%, generate 1 lakh green jobs, and establish itself as a preferred destination for ethical and eco-friendly fashion. However, achieving this will require collective action from policymakers, industry leaders, and consumers.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • From India to Italy: Shriram Finance Secures Landmark $500M SACE Loan for Sustainable Growth

    With strategic backing from HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank, and J.P. Morgan, Shriram Finance secures India’s biggest SACE-covered loan to drive financial inclusion.

    Shriram Finance Limited (SFL), India’s leading non-banking financial company (NBFC) and the flagship firm of the Shriram Group, has secured a record-breaking $500 million equivalent SACE-backed loan, marking the largest SACE-covered facility ever availed by an Indian NBFC. This 10-year long-term financing agreement, backed by SACE, Italy’s official export credit agency, will enable SFL to expand its financing portfolio for Italian vehicles, both new and used, supporting its Social Finance Framework while furthering financial inclusion in India.
    The deal attracted global financial powerhouses, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank, and J.P. Morgan. HSBC served as the Sole Export Credit Agency (ECA) Coordinator, while ING Bank acted as the Social Loan Coordinator for the transaction.
    This milestone further solidifies SFL’s position as India’s leading NBFC in offshore fundraising, having raised over $2.5 billion in global capital in FY25—the highest by any Indian NBFC in structured and sustainable finance initiatives.

    Shriram Finance Expands Global Partnerships for Sustainable Financing
    The successful execution of this landmark loan reinforces SFL’s ability to tap into international capital markets efficiently, optimizing funding costs while ensuring long-term sustainability. The funds will be directed towards financing Italian-manufactured vehicles and equipment—a strategic move that strengthens India-Italy trade relations while expanding SFL’s vehicle financing offerings under its Social Finance Framework.
    Umesh Revankar, Executive Vice Chairman of Shriram Finance, shared:
    This landmark transaction is a testament to our ability to navigate global financial markets and forge high-impact partnerships. Our association with SACE and leading global banks demonstrates the strong confidence international lenders have in our vision. With this facility, we will not only expand financing for Italian vehicles but also contribute to financial inclusion and economic development in India.

    SACE & Global Lenders Express Confidence in Shriram Finance
    The relationship between SACE and Shriram Finance has grown significantly since 2019 when SFL executed its first SACE Push Facility, enabling over €100 million worth of Italian vehicle imports into India.
    Gautam Bhansali, Head – India & South Asia at SACE, commented:
    Shriram Finance has been a trusted partner in fostering India-Italy trade. With this new facility, we are further strengthening our collaboration, supporting Italian exports while enabling SFL’s financial inclusion mission in India.
    Ajay Sharma, Head of Banking, HSBC India, added:
    We are proud to have arranged this landmark SACE-backed financing facility alongside Shriram Finance. This transaction is a continuation of our strong partnership and highlights HSBC’s expertise as a global ECA arranger. With this, we mark our fourth SACE-backed deal in India in just 12 months.

    Strengthening India’s Access to Global Capital
    This deal represents more than just a significant fundraising milestone, it signals a new era for India’s NBFC sector, as institutions like Shriram Finance secure diversified global funding sources to accelerate India’s financial inclusion and economic development.
    With the successful execution of this transaction, SFL is positioned as a frontrunner in structured finance, ensuring cost-effective lending while strengthening its commitment to sustainable growth.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • ₹2,250 Crore Power Surge: Sterlite Power Charges Ahead in India’s Energy Revolution

    With its largest-ever order wins, Sterlite Power reinforces its commitment to strengthening India’s green energy transmission and power grid infrastructure.

    India’s energy sector is witnessing a transformational shift, with Sterlite Power securing new orders worth ₹2,250 crore in the third quarter of FY25, marking its highest order book win this financial year. Additionally, the company has secured L1 positions in orders worth ₹650 crore, further solidifying its role as a key player in India’s power transmission landscape.
    These new contracts span high-performance power conductors, Optical Ground Wire (OPGW), power cables, and Engineering, Procurement, and Construction (EPC) services, reinforcing India’s push for a modernized, efficient, and resilient power grid.

    According to Sterlite Power’s official announcement, these projects will support India’s clean energy transition, improve power transmission efficiency, and expand the company’s international footprint across the Americas, Europe, Africa, and the Middle East.
    “We are seeing immense traction from both domestic and international markets, indicating a promising future for the global transmission space,” said Reshu Madan, CEO, Global Products and Services, Sterlite Power. Our commitment to pioneering technology and delivering high-quality products has been key to our success. The repeat orders for 144-fiber count OPGW cables and large EPC contracts further reinforce our leadership in the power transmission sector.

    Sterlite Power’s Key Order Wins: Strengthening India’s Energy Backbone
    The latest ₹2,250 crore order wins span multiple segments of Sterlite Power’s Global Products and Services (GPS) business, focusing on high-efficiency energy transmission solutions.
    High-Performance Conductors & Optical Ground Wire (OPGW)
    Sterlite Power has secured significant orders for high-performance conductors supporting green energy transmission projects across Rajasthan, Gujarat, Haryana, and Maharashtra. These projects are crucial in connecting 42 GW of renewable energy to India’s national grid, aligning with India’s target of achieving 500 GW of non-fossil fuel-based capacity by 2030, as outlined by MNRE.
    Additionally, the company has received major OPGW orders from Power Grid Corporation of India (PGCIL) and multiple state utilities, enhancing grid reliability and enabling seamless data transmission across the power infrastructure.
    Expansion in Power Cables: Strengthening Grid Connectivity
    Sterlite Power continues to dominate the wire and cable market, winning contracts for Medium Voltage (MV), High Voltage (HV), and Extra High Voltage (EHV) cables. These orders are primarily for state utility projects, further expanding the company’s footprint in India’s rapidly evolving electricity distribution sector.
    Specialized EPC Services: Driving Next-Gen Transmission Solutions
    Sterlite Power’s Engineering, Procurement, and Construction (EPC) division has secured contracts from leading utilities, including a major PGCIL order for OPGW installation across a 1,900 km stretch. The company has also bagged key EPC contracts with Damodar Valley Corporation (DVC) and Gujarat Energy Transmission Corporation (GETCO), showcasing its ability to deliver end-to-end power transmission solutions.

    How Sterlite Power is Advancing India’s Green Energy Goals
    India’s electricity demand is projected to double by 2040, and the transition to renewable energy requires robust transmission infrastructure. Government initiatives such as Green Energy Corridors (GECs), interstate transmission system strengthening, and digital grid modernization are all critical components of this transformation.
    By deploying high-performance conductors and fiberized grids, Sterlite Power is directly contributing to:

    • Reducing transmission losses and improving energy efficiency.
    • Enabling faster integration of solar and wind energy into the national grid.
    • Enhancing grid resilience against climate-related disruptions.

    Expanding Global Footprint: Sterlite Power’s Presence Beyond India
    Sterlite Power has successfully positioned itself as a global leader in power transmission solutions, exporting high-performance conductors and OPGW cables to over 70 countries. The latest order wins further strengthen its presence in key international markets, including the Americas, the European Union, Africa, and the Middle East.
    With a strong focus on cutting-edge energy transmission solutions, Sterlite Power is advancing its vision of a future-ready power grid that seamlessly integrates renewable energy while ensuring uninterrupted electricity supply across urban and rural regions.

    Industry Experts on Sterlite Power’s Market Positioning
    According to CEA (Central Electricity Authority), India’s power transmission sector is witnessing one of the largest upgrades in history, with investments in smart grids, digital substations, and high-voltage DC transmission.
    Industry analysts believe Sterlite Power’s latest ₹2,250 crore order wins position it as a key enabler of India’s power infrastructure transformation.
    A senior energy consultant at IEEMA (Indian Electrical & Electronics Manufacturers’ Association) stated, “Sterlite Power’s continued growth in transmission infrastructure is a testament to the increasing demand for advanced grid solutions. With these new orders, the company is poised to play a major role in shaping India’s future energy landscape.”

    About Sterlite Power
    Sterlite Power is a leading private sector power transmission infrastructure developer and global supplier of power products and services.
    The company specializes in:
    • High-performance conductors & OPGW cables for efficient transmission.
    • Extra-high voltage (EHV), high voltage (HV), and medium voltage (MV) cables.
    • Specialized EPC turnkey solutions for grid expansion, uprating, and fiberization.
    With four state-of-the-art manufacturing facilities and a strong innovation-driven approach, Sterlite Power is transforming power transmission across India and globally.
    Final Thoughts
    Sterlite Power’s record-breaking ₹2,250 crore order wins mark a significant milestone in India’s power sector. With a focus on green energy transmission, advanced power grid solutions, and global market expansion, the company is poised to play a critical role in India’s energy transition.
    As demand for efficient, resilient, and sustainable power infrastructure grows, Sterlite Power continues to lead the charge, ensuring that India’s power grid is future-ready and capable of supporting the nation’s ambitious energy goals.
    At Prittle Prattle News, we bring you deeply researched, high-impact storytelling that goes beyond the ordinary. From fashion’s most iconic moments to exclusive interviews with India’s greatest designers, we deliver stories that shape the industry. Follow us on LinkedIn, Instagram, and YouTube for exclusive updates.

  • The Government of Karnataka’s Industrial Expansion Vision Gets a ₹8,350 Crore Push as Shree Cement Joins the Movement

    At the Global Investors Meet 2025, the Government of Karnataka signed a milestone MoU with Shree Cement, unlocking large-scale industrial expansion, sustainable cement manufacturing, and thousands of new jobs.

    Karnataka has taken a significant step toward becoming a major industrial powerhouse with a ₹8,350 crore investment agreement signed at the Global Investors Meet 2025. The Government of Karnataka formalized this landmark Memorandum of Understanding (MoU) with Shree Cement Limited, setting the stage for large-scale infrastructure expansion, industrial growth, and employment generation across the state.
    The MoU was signed between Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka, and Shri Neeraj Akhoury, Managing Director of Shree Cement Limited. This investment will fund multiple state-of-the-art cement manufacturing facilities, reinforcing Karnataka’s status as a preferred destination for industrial investment in India.
    According to Shri Neeraj Akhoury, Karnataka is a key state for us, and this ₹8,350 crore investment reflects our long-term commitment to contributing to its economic progress. We are grateful for the Government of Karnataka’s support and look forward to building a sustainable and impactful presence in the region.

    Strategic Investments Under the MoU
    The MoU outlines Shree Cement’s commitment to expanding cement production capacity in Karnataka, creating a robust supply chain that will boost the state’s construction, real estate, and infrastructure sectors.
    As part of this massive industrial expansion, Shree Cement will develop:
    An Integrated Cement Plant in Kalaburagi, featuring a clinker capacity of 3.5 million tonnes per annum (MTPA) and cement production capacity of 3 MTPA. This facility, with an investment of ₹2,500 crore, is expected to create 300 direct jobs and will be operational by 2025.
    A Clinker Grinding Unit in Bengaluru Rural district, with a capacity of 3 MTPA and an estimated investment of ₹850 crore. This unit will generate approximately 250 direct jobs and is scheduled to begin operations in 2028.
    A second Integrated Cement Plant in Kalaburagi, developed in two phases, with a clinker capacity of 3.5 MTPA and cement capacity of 6 MTPA. This project entails a ₹5,000 crore investment, creating 750 direct jobs, and is slated for completion by 2030.

    Economic & Employment Impact on Karnataka
    The ₹8,350 crore investment aligns with Karnataka’s vision to become a key industrial and manufacturing hub. The expansion of cement manufacturing capacity will enhance the supply of high-quality building materials, supporting India’s infrastructure and urban development goals.
    According to government reports, Karnataka’s Gross State Domestic Product (GSDP) has shown consistent growth, with the manufacturing sector contributing significantly. The Industrial Policy of Karnataka 2020-25 aims to attract ₹5 lakh crore worth of investments and generate over 2 million jobs. The Shree Cement MoU contributes to this vision, creating thousands of direct and indirect employment opportunities.
    Government officials have assured fast-track approvals and clearances to facilitate the seamless execution of the projects. The investment is expected to stimulate local economies, boost demand for raw materials, and strengthen Karnataka’s logistics and transportation sector.

    Shree Cement’s Commitment to Sustainable Manufacturing
    As one of India’s largest cement manufacturers, Shree Cement is known for its environmentally responsible production methods. The company has made significant strides in reducing carbon emissions, optimizing energy use, and adopting cutting-edge manufacturing technologies.
    The upcoming facilities in Karnataka will incorporate alternative fuel usage, energy-efficient kiln technology, and advanced emissions control systems. Shree Cement has already established one of the lowest carbon footprints in the cement industry, making sustainability a core focus of its expansion plans.
    Shree Cement is also aligned with India’s commitment to reducing industrial carbon emissions under the United Nations Sustainable Development Goals (SDGs). Its new projects in Karnataka will adhere to the highest environmental, social, and governance (ESG) standards, ensuring responsible industrial growth.

    The Government of Karnataka’s Support for Industrial Growth
    Karnataka has emerged as a top destination for industrial investments, backed by progressive policies, robust infrastructure, and investor-friendly regulations. The Government of Karnataka has actively encouraged large-scale investments through:

    • The Karnataka Industrial Policy 2020-25, which offers incentives for new manufacturing projects.
    • Single Window Clearance mechanisms, streamlining project approvals.
    • Infrastructure development initiatives, enhancing connectivity and logistics.

    The Global Investors Meet 2025 is part of the state’s ongoing efforts to attract high-value investments in key sectors like manufacturing, infrastructure, technology, and renewable energy.

    Industry Experts on the Investment’s Impact
    According to industry experts, this investment will enhance cement availability, stabilize pricing, and support ongoing infrastructure projects across Karnataka. The state’s high demand for cement is driven by urbanization, metro expansion, smart city projects, and large-scale industrial corridors.
    A senior official from the Karnataka Industrial Development Board (KIDB) stated, “Strategic investments like this not only bring in capital but also enhance skill development, supply chain efficiencies, and long-term economic resilience.”
    About Shree Cement Limited
    Shree Cement Limited is one of India’s leading cement manufacturers, known for its cost leadership, innovation, and sustainable practices. Listed on both BSE and NSE, the company operates high-tech cement plants across India and the UAE.
    With a vision to achieve over 80 million tonnes of production capacity, Shree Cement continues to be a key player in India’s infrastructure growth.
    Final Thoughts
    The ₹8,350 crore MoU between the Government of Karnataka and Shree Cement is a milestone investment that reinforces Karnataka’s position as an industrial leader. As the projects take shape, they will strengthen the state’s manufacturing ecosystem, create large-scale employment, and boost economic growth.
    With strong government backing and Shree Cement’s commitment to sustainable expansion, this investment will play a pivotal role in shaping India’s industrial future.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • From Funding to Unicorns: SIDBI’s Multi-Billion Investment Impact in India’s Startup and MSME Sectors Unveiled at IVCA Conclave 2025

    With 1,200 startups supported, 22 unicorns created, and ₹2,107 crore invested in Tier-2 and Tier-3 cities, SIDBI’s impact on India’s entrepreneurship landscape is undeniable.

    Small Industries Development Bank of India (SIDBI) reaffirmed its pivotal role in shaping India’s startup and MSME ecosystem at the IVCA Conclave 2025. Shri Sudatta Mandal, Deputy Managing Director of SIDBI, addressed a distinguished audience of investors, policymakers, entrepreneurs, and venture capitalists at Trident Hotel, Nariman Point, Mumbai, shedding light on SIDBI’s transformative initiatives and its multi-billion investment in India’s entrepreneurial landscape.
    In his keynote speech, Shri Sudatta Mandal emphasized how SIDBI’s financial instruments, equity investments, venture capital support, and debt financing, have fueled India’s startup success story, positioning the nation as the third-largest startup ecosystem in the world.
    “Today, India stands at the forefront of global entrepreneurship. Our startup ecosystem, backed by robust policies, innovation, and sustained capital infusion, has seen exponential growth. At SIDBI, we take pride in being a catalyst for this transformation by enabling startups and MSMEs to access essential funding, scale operations, and drive economic progress,” he stated.

    SIDBI’s ₹10,000 Crore Fund of Funds: Powering India’s Startup Growth
    At the heart of SIDBI’s impact is the Fund of Funds for Startups (FFS), launched in collaboration with DPIIT (Department for Promotion of Industry and Internal Trade), with an initial ₹10,000 crore corpus aimed at strengthening India’s venture capital ecosystem. Shri Mandal revealed that the entire fund corpus was committed by December 2023, well ahead of the March 2026 deadline, marking a historic milestone in India’s domestic investment landscape.
    We started with a vision to mobilize domestic capital and reduce India’s dependence on foreign VC funding. Today, the Fund of Funds has not only facilitated ₹91,000 crore in investments but has also created a multiplier effect, ensuring sustained capital availability, Shri Mandal noted.
    The success of FFS extends beyond capital deployment, it has played a pivotal role in fostering indigenous investment capabilities. Over ₹2,107 crore has been invested in 177 startups across Tier-2 and Tier-3 cities, enabling startups beyond metropolitan hubs to access funding and scale effectively.

    From Emerging Ventures to Unicorns: SIDBI’s Direct Impact on Startup Growth
    SIDBI’s investments have directly contributed to the emergence of 22 unicorns, a significant achievement in India’s fast-growing venture capital and startup ecosystem. By bridging funding gaps, facilitating access to equity capital, and partnering with venture capital funds, SIDBI has unlocked new opportunities for high-growth startups in fintech, deep tech, health tech, agritech, and SaaS (Software-as-a-Service).
    Moreover, FFS-backed startups have created over 2 lakh direct jobs, highlighting SIDBI’s broader economic impact beyond investments.

    Strengthening India’s MSME Sector Through Policy and Financial Innovation
    Beyond startups, SIDBI remains a cornerstone for India’s Micro, Small, and Medium Enterprises (MSMEs), a sector that accounts for over 30% of India’s GDP. Through innovative financing models like credit guarantee schemes, priority lending initiatives, and customized financial products, SIDBI has empowered millions of MSMEs across India.
    Our mission is to ensure that startups and MSMEs receive the necessary resources, infrastructure, and financial backing to drive sustainable economic growth, Shri Mandal emphasized.
    SIDBI has also been instrumental in implementing SIDBI Cluster Development Fund (SCDF), which has enhanced access to credit for SME clusters, fostering competitiveness in sectors like manufacturing, logistics, renewable energy, and digital commerce.

    IVCA Conclave 2025: A Hub for Policy, Investment, and Growth
    The IVCA Conclave 2025 brought together global and domestic venture capitalists, private equity leaders, policy think tanks, and government representatives, aiming to shape the future of India’s alternative investment landscape. Indian Venture and Alternate Capital Association (IVCA), India’s apex industry body for venture capital and private equity, plays a key role in driving investment policies and advocating for an entrepreneur-friendly regulatory environment.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Rising Demand for Bio-Based Chemicals and Ethanol Fuels Godavari Biorefineries’ Q3 FY25 Growth

    With revenue reaching ₹447.3 crore, Godavari Biorefineries accelerates capacity expansion and technology licensing in bio-based chemicals and ethanol.

    Godavari Biorefineries Limited (GBL), a leader in ethanol production and bio-based chemical manufacturing, has reported a 12% increase in revenue year-on-year for the third quarter of FY25. The company’s revenue rose to ₹447.3 crore, up from ₹398.0 crore in Q3 FY24, driven by its expansion in ethanol and bio-based chemicals. GBL recorded an EBITDA of ₹39.7 crore and a profit after tax (PAT) of ₹5.8 crore, demonstrating resilience in a dynamic industry.
    The company continues to focus on expanding its ethanol division and diversifying into bio-based chemicals, solidifying its position as a key player in India’s renewable energy and chemical sectors. Investments in capacity expansion, technology licensing for Bio-Butanol and higher alcohols, and the establishment of a new corn/grain-based distillery are part of its long-term strategy to strengthen operational efficiency and drive sustainable growth.

    Strategic Expansion and Ethanol Growth Strengthen Performance
    Under the leadership of Samir Somaiya, Chairman and Managing Director of GBL, the company has reinforced its focus on innovation-driven bio-refining. GBL is a key contributor to India’s ethanol-blending program, supporting the nation’s transition toward renewable fuel solutions.
    The ethanol division continued to see strong demand, with sales increasing to 25,171 KL in Q3 FY25, an 11% year-on-year rise. The company’s strategic decision to expand higher-grade ethanol production has positioned it as a crucial player in India’s clean energy transformation.
    Alongside ethanol, GBL has expanded its bio-based chemicals portfolio, driven by the rising demand for sustainable industrial solutions. The recently completed capacity expansion of 1,3 Butylene Glycol is a significant milestone, enabling the company to cater to growing demand in the cosmetics, pharmaceuticals, and industrial sectors.

    Investments in Technology and Infrastructure for Future Growth
    GBL’s long-term vision includes strengthening technology capabilities and expanding manufacturing capacity. The company has secured technology licenses for Bio-Butanol and higher alcohols, creating new revenue streams in specialty chemicals and renewable fuels.
    In a move to enhance ethanol production, GBL has initiated the development of a new corn/grain-based distillery, complementing its existing sugarcane-based ethanol production facilities. This investment is expected to improve supply chain flexibility and reduce dependency on seasonal raw materials.
    GBL has also taken significant steps toward financial optimization, utilizing IPO proceeds to reduce term debt. This move aligns with its focus on maintaining a strong balance sheet and improving capital efficiency, setting the stage for long-term profitability.

    Government Policy Support and Industry Growth Prospects
    The Indian government’s approval of sugar exports in January 2025 has created a positive market outlook for ethanol and bio-chemical manufacturers. Improved pricing in the sugar industry is expected to support ethanol producers, further stabilizing revenue streams for companies like GBL.
    GBL’s alignment with India’s ethanol blending policy and sustainability initiatives positions it as a major contributor to India’s renewable energy and chemical industry expansion. With favorable policy developments and continued investments in innovation, the company is well-positioned for sustained growth.
    Leadership Perspective on GBL’s Growth Strategy
    Commenting on the Q3 FY25 performance, Samir Somaiya stated, We are committed to expanding our presence in ethanol and bio-based chemicals, ensuring long-term sustainability and innovation. The recent government approval for sugar exports strengthens the industry outlook, and our focus remains on cost optimization, efficiency, and expanding our product portfolio. With technology licensing, capacity expansion, and debt reduction, we are positioned for continued success in the coming quarters.

    About Godavari Biorefineries Limited
    Godavari Biorefineries Limited is one of India’s leading ethanol and bio-based chemical manufacturers. With a diverse product portfolio, including ethanol, rectified spirits, bio-based chemicals, and renewable power, the company is at the forefront of India’s clean energy transition. GBL continues to expand its capabilities in bio-refining and industrial chemical solutions, reinforcing its commitment to sustainability and innovation.
    Final Thoughts
    GBL’s Q3 FY25 performance highlights its ability to navigate market fluctuations while driving revenue growth through strategic expansion. With a strong focus on ethanol production, technology investments, and financial stability, the company is well-positioned for sustained success in India’s renewable energy and chemical markets.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Resilient Growth & Stronger Margins Mark Bata India’s Q3 FY25 Performance

    Hush Puppies’ double-digit growth, festive brand collaborations, and digital expansion propel Bata India’s market reach in Q3 FY25.

     Bata India Limited has reported steady growth in the third quarter of FY25, with revenue reaching Rs. 9185 million, reflecting a 1.7% increase over the same period last year. The company recorded a profit after tax (PAT) of Rs. 582 million, supported by stronger margins and cost management efforts.
    The company’s EBITDA stood at Rs. 2087 million, with margins improving by 141 basis points, highlighting efficiency in operations and business expansion. The results also included a one-time exceptional cost of Rs. 108 million for a Voluntary Retirement Scheme (VRS) at one of its factories, a move aligned with Bata India’s long-term plan to enhance its supply chain and streamline operations.

    Premium Footwear Sales and Digital Expansion Boost Performance
    Under the leadership of Gunjan Shah, Managing Director and CEO of Bata India, the company saw a rise in demand for its premium footwear brands, particularly Hush Puppies, which posted double-digit growth. The growing preference for comfort and style among consumers has contributed to this trend.
    Bata India also strengthened its digital presence through a revamped website and expansion into quick-commerce platforms, ensuring faster and more convenient access to its products. The omni-channel strategy, which integrates online and offline retail, has helped the company serve both metropolitan and smaller-town markets, making it easier for customers to shop across platforms.

    Festive Season Impact and Brand Collaborations
    Bata India’s festive marketing strategy played a key role in boosting customer engagement. The launch of the Hush Puppies ‘The Party Ready’ collection, featuring Jim Sarbh, attracted a strong response from customers looking for stylish and comfortable footwear. The company also introduced Vir Das as the India ambassador for Hush Puppies, further strengthening the brand’s position in the premium footwear category.
    The continued association with Kartik Aaryan helped Bata India appeal to younger consumers, ensuring that its products stay relevant in a competitive market. These brand collaborations contributed to the growth of premium footwear sales and increased Bata’s presence across multiple customer segments.

    A Strong Focus on Growth and Affordability
    Despite a challenging market, Bata India has remained focused on driving volume-led revenue growth by making its products more affordable while keeping pace with global fashion trends. The company’s prolonged End of Season Sale (EOSS) helped clear ageing inventory, allowing fresh collections to reach stores faster.
    Bata India’s extensive retail network of over 1900 stores and a strong presence in multi-brand outlets and digital marketplaces have positioned the company as a leader in the footwear industry. The company continues to expand into tier 2 and tier 3 cities, ensuring access to quality footwear for a wider customer base.

    About Bata India
    With a history of nearly 100 years, Bata India has become a trusted name in footwear, serving over 260,000 customers daily in 2024. As India’s largest footwear retailer and manufacturer, Bata India sells nearly 50 million pairs annually, covering categories such as affordable, athleisure, premium, and children’s footwear.
    Bata India’s brand portfolio includes Bata Red Label, offering contemporary global styles, Bata Comfit, focused on comfort-driven everyday wear, Power, recognized for fitness sneakers and apparel, NorthStar, catering to the growing sneaker trend, Floatz, featuring clogs and slip-ons, Bubblegummers, specializing in children’s footwear, and Hush Puppies, known for its comfort and elegance.
    Final Thoughts
    Bata India’s strong Q3 FY25 performance reflects its ability to adapt to market trends while improving efficiency and growing its premium product lines. The company’s focus on digital expansion, affordability, and brand collaborations has positioned it for continued growth in India’s dynamic footwear market.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.