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Solar grazing offers new opportunities for small livestock farmers across the American South. This practice uses sheep to manage vegetation beneath solar panels, benefiting both farmers and solar companies. Farmers gain access to pasture and income, while companies reduce maintenance costs and equipment damage risks. A Tennessee mechanic became a full-time farmer after securing grazing access to over 400 acres. View More

Vikram Solar has secured a 124 MW module supply order for a solar project in Anantapur, Andhra Pradesh. The order is placed by Capital Energy. View More

Karamtara Engineering IPO entered its final day of bidding on September 11, with the issue subscribed 3.61 times by the end of Day 2 and the retail portion booked 3.28 times. The Rs 875-crore IPO, comprising a Rs 675-crore fresh issue and Rs 200-crore OFS, is currently commanding a GMP of around 27%, indicating positive listing expectations. View More

Karamtara Engineering IPO has entered its third and final day of bidding on Friday, with investor interest remaining strong. The latest grey market premium (GMP) is around 27%, signalling positive market sentiment and expectations of a potential listing gain. On the second day of bidding, the IPO was subscribed 3.61 times, against the 2.54 crore shares offered. The retail investor portion also witnessed healthy demand, with the category subscribed 3.28 times against 1.27 crore shares reserved for retail investors. The Karamtara Engineering IPO is a book-built issue worth Rs 875 crore. The offering includes a fresh issue of 2.66 crore shares aggregating to Rs 675 crore and an offer for sale (OFS) of 78.74 lakh shares worth Rs 200 crore. The IPO opened for subscription on September 9 and will close on September 11, 2026. The allotment is expected to be finalised on September 15, while the shares are scheduled to list on the NSE and BSE on September 17. The company has fixed the IPO price band at Rs 241 to Rs 254 per share, with a lot size of 59 shares. At the upper end of the price band, retail investors will have to invest a minimum of Rs 14,986 to bid for one lot. JM Financial Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar. Ahead of the IPO, Karamtara Engineering raised Rs 262.50 crore from anchor investors. Live Events Karamtara Engineering IPO raised Rs 262.50 crore from anchor investors ahead of its public issue. The anchor bidding took place on September 8, 2026. Karamtara Engineering IPO Subscription Status The Karamtara Engineering IPO continued to attract strong investor interest on Day 2 of bidding, with the issue receiving an overall subscription of 3.61 times against the 2.54 crore shares available for subscription. Among investor categories, Non-Institutional Investors (NIIs) led the demand, with their portion subscribed 6.16 times against 54.46 lakh shares on offer. The Retail Individual Investors (RIIs) portion was subscribed 3.28 times, compared with 1.27 crore shares reserved for the category. Meanwhile, the Qualified Institutional Buyers (QIBs) portion received bids for 2.27 times the 72.61 lakh shares offered to them. Karamtara Engineering IPO GMP Today The grey market is also pointing towards positive sentiment for the Karamtara Engineering IPO. The issue is currently commanding a GMP of Rs 69, indicating a premium of nearly 27% over the upper end of the IPO price band of Rs 254 per share. Based on the current GMP, the estimated listing price is around Rs 323 per share, suggesting a potential listing gain for investors if the premium holds until listing. However, grey market premium trends are unofficial and can fluctuate significantly before the shares make their debut on the stock exchanges. IPO Objects of the Issue The company plans to use the net proceeds from the IPO primarily to prepay, repay, or meet payment obligations towards lenders against its borrowings and acceptances, either partly or fully. The company has earmarked Rs 600 crore for this purpose. The remaining proceeds will be utilised for general corporate purposes, subject to applicable regulations. The total estimated amount proposed to be raised through the issue is Rs 600 crore. About Karamtara Engineering Ltd. Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines. The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings. The company is entering the wind energy sector by setting up a manufacturing facility for tubular towers for wind turbines, with operations expected to begin in the first quarter of Fiscal 2026. As of March 31, 2026, the company has a global presence, exporting to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America, with a broad geographical footprint and delivery model. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

the Energy and Irrigation departments were jointly studying the possibility of setting up floating solar projects, and that the government would decide soon, said the Minister View More

The deal hands the continent's space industry a commercial boost as governments push for greater sovereign capabilities. View More

In this articleAIR-FRSAF-FRAMZNSPCXFollow your favorite stocksCREATE FREE ACCOUNT Amazon has ordered six additional launches from Europe's Arianespace as it builds out a satellite network to challenge SpaceX's Starlink, handing the continent's space industry a major commercial boost as governments push for greater sovereign capabilities.The Amazon Leo order, announced Wednesday at the International Space Summit in Paris, takes the total number of launches booked with Arianespace to 24. The company's owner, ArianeGroup is a joint venture between Airbus and Safran.Long-term commitments from companies like Amazon provide Europe with the capabilities needed to deploy critical space infrastructure, Arianespace CEO David Cavaillolès said in a statement Wednesday.The deal comes as European governments increase spending on sovereign space capabilities and private companies, including German rocket maker Isar Aerospace and spacecraft startup The Exploration Company, raise hundreds of millions of euros to scale their businesses.watch nowVIDEO6:2406:24European space startup: Inspired by Musk but doing things differentlySquawk Box EuropeBut the summit also exposed some of the political divisions complicating those ambitions.The event was co-hosted by France and Germany, but German Chancellor Friedrich Merz did not attend, nor did Italian Prime Minister Giorgia Meloni.Meanwhile, U.S. space companies including SpaceX and Blue Origin reportedly withdrew after the Trump administration had discouraged companies from attending over concerns about the summit's European policy agenda.Reuters reported that the U.S. Office of Science and Technology Policy held a call with companies and said attendance could suggest support for European policy positions the U.S. opposed, citing unnamed sources.Starcloud CEO Philip Johnston told CNBC that it was a scheduling conflict and that non-attendance had nothing to do with the U.S. government. The U.S.-based space-tech company builds solar-powered data centers in space.The White House did not respond to CNBC's request for comment on the reports. SpaceX and Blue Origin did not respond to requests for comment on the reasons for their withdrawals.Europe races to scaleThe political tensions come as Europe's commercial space industry is gathering momentum.German startup Isar Aerospace last week became the first commercial European company to successfully launch a rocket into orbit, deploying satellites on just its second flight. The Exploration Company this week announced a $450 million Series C funding round, while Marlan Space and Loft Orbital announced a $1 billion investment to build a 50-satellite, AI-enabled constellation with partners including French AI firm Mistral. "It's a technology boom as opposed to a technology bubble," Mark Boggett, CEO of space investment firm Seraphim Space, told CNBC last week.Boggett said demand was being driven by areas including defense and resilience, artificial intelligence and space infrastructure, with SpaceX helping bring greater investor attention to the industry."The recent IPO of SpaceX is really the inflection point for this market really starting to take off," he said.European space ventures attracted a record 1.5 billion euros ($1.75 billion) of private investment in 2024, up 56% from the previous year, according to the European Space Policy Institute. Overall investment slipped 8% to 1.4 billion euros in 2025, but venture capital funding rose 13% to 1.2 billion euros.Europe's challenge is increasingly about scale.Cavaillolès said Wednesday that Europe needs to increase its launch cadence, arguing that the war in Ukraine had turned space sovereignty from a largely political concept into a more urgent concern."You cannot win a war if you are not strong in space," he told the summit.Isar Aerospace, which raised 270 million euros in June to scale production and expand its launch network, sees infrastructure as another obstacle.watch nowVIDEO5:4605:46Isar Aerospace makes history with Europe's first commercial rocket launchSquawk Box EuropeChief Commercial Officer Stella Guillen told CNBC this week that Europe needs more launch sites and supporting infrastructure if its commercial space industry is to expand.The political challenge is keeping those investments coordinated across the continent.European Commissioner for Defence and Space Andrius Kubilius welcomed the additional investment but warned that it could undermine Europe's ambitions if countries used it to pursue national strategies at the expense of greater European coordination."We need to really spend a lot of our efforts to keep this unity on European level, to make our systems interoperable," Kubilius said Wednesday, arguing that greater coordination would be necessary for Europe to become more sovereign and independent in space. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Solar Industries’ defence order book has surged to ?18,000 crore, driving strong earnings growth. But with the stock trading at about 85 times FY27 estimated EPS, execution must stay on track. View More

From a $40–45 billion space economy target to a projected $45 billion data-centre investment opportunity, Jefferies sees government support and private participation accelerating India’s next phase of industrial growth. View More

India's ambition to create a self-reliant energy ecosystem by expanding its renewable energy footprint is facing a China problem. View More

In this articleHDB.NSEIDIXON-INAMBER-INFollow your favorite stocksCREATE FREE ACCOUNT Hello, this is Priyanka Salve, writing to you from Mumbai. Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.India shares a complex relationship with its neighbor China. While New Delhi heavily relies on imports from Beijing, it also seeks to position itself as an alternative to China for manufacturing and investments from Western businesses. But to drive its manufacturing agenda, promote local chip and AI companies, and attract data center investments, India needs ample and reliable power supply. And it seems here, New Delhi is too dependent on Beijing. Any thoughts on today's newsletter? Share them with the team. The big storyThis photograph taken on November 5, 2025 shows employees inspecting photovoltaic (PV) cells used in solar panels at an Adani Group factory in Gujarat's port city of Mundra. The race for green energy is on. Shammi Mehra | Afp | Getty ImagesNew Delhi's plan to create a self-reliant energy ecosystem by expanding its renewable energy footprint is facing a China problem. The renewable energy capacity of the world's third-largest electricity producer and consumer has increased rapidly over the last 10 years. Solar and wind power plants are now more than 40% of total electricity generation capacity, nearly as much as coal-fired ones, according to data from Indian government think tank Niti Aayog.Experts told CNBC that green energy is available in India, but its supply is not reliable, and battery-based energy storage solutions hold the key to resolving this issue. The challenge, however, is that nearly 80% of these batteries originate from China, hampering India's plans of "self-reliance" to meet its growing energy needs.Not surprisingly, the green energy push has not managed to wean India off coal-fired power plants. Nearly 70% of power generated in India was still coal-based while just over 15% came from solar and wind projects in the financial year ending March 2026.Dependency on ChinaLast week, India's Central Electricity Authority proposed draft regulations aimed at making it compulsory for all new government solar and wind projects commissioned after July next year to have battery storage that will store green power and dispatch it when needed.While this will improve the reliability of solar and wind energy supply, in the absence of local battery manufacturers, it will deepen India's reliance on China. India's domestic battery manufacturing currently accounts for less than 1% of its estimated 260 gigawatt-hour demand pipeline based on competitive tenders in 2026, according to Wood Mackenzie.Nearly 80% of batteries used for storing renewable power come from China, and 20% come from other Asian countries like South Korea and Taiwan, it said.This is a "critical advantage" that China holds over India, and in the past Beijing has used its access to key resources and technology as a "geopolitical tool" to get better trade deals, Ankita Chauhan, director at Wood Mackenzie, told CNBC.The ties between the two neighbors have improved over the past year after Modi and Chinese President Xi Jinping's meeting in Tianjin last year. Yet, the issues between the two sides are far from resolved. According to local media reports, Indian businessmen and executives are facing "significant difficulties" in getting Chinese visas.While India is easing investment rules for Chinese firms, it is also imposing some trade restrictions on goods in sectors where India is closer to self-sufficiency. Meanwhile, China is wary of technology transfers to India as it could undermine Beijing's role in key global supply chains.India, for example, is already emerging as a key supplier for Apple smartphones after the company started diversifying its manufacturing base away from China. But to drive its manufacturing program, promote local chip and AI champions and attract data center demand, India needs an ample and reliable power supply."Energy security is the need of our times," Indian Prime Minister Narendra Modi said during his Independence Day speech last month. "It is becoming increasingly difficult to run the new world without energy," Modi said, underscoring the enormous need for electricity for make chips, AI or data centers.Increasing India's alternative energy production has been one of the key achievements of the Modi government, but its role in enhancing India's energy security is limited. Storage of solar and wind energy is becoming "increasingly critical," Ray Tay, executive director of project and infrastructure finance at Moody's Ratings, told CNBC."Solar and wind availability varies by time of day, weather and season, and peak resource availability does not usually coincide with peak demand," explained Tay. Storage can help shift surplus generation into peak hours.It can also improve the credit profile of renewable energy producers by stabilizing revenue and "reducing curtailment risk," Tay said. Curtailment risk in India refers to a situation when renewable power plants are forced to cut their generation to meet the electrical grid's capacity to safely absorb or transmit power. It is easier for renewable plants to scale down generation than it is for thermal power plants, which need to function at a critical level, experts said.Local manufacturingAs per the report by Wood Mackenzie, it could take over a decade for India to ramp up its local battery manufacturing abilities. At present, experts said, most of the Indian companies are either investing in setting up downstream assembly and testing facilities or making batteries for mobility, which are more lucrative given the government subsidies.China controls over 80% of global manufacturing capacity across several major battery supply-chain components, leaving India exposed to price volatility, trade restrictions, and technology-concentration risks, Ashish Singla, director of South Asia power and renewable research at S&P Global Energy, told CNBC.But he is hopeful that India's local cell manufacturing capacity "could reach around 140 GWh," if execution remains on track and critical-mineral initiatives and recycling policies pan out. Need to knowIndia's June quarter GDP print is courting controversyIndia's faster-than-expected economic expansion of 7.8% in the June quarter is under scrutiny after a former government official alleged the reading was artificially boosted by compressing the prior year's figures.India's largest bourse National Stock Exchange gets regulatory nod to launch IPOIndia's largest bourse, the National Stock Exchange, has secured the Securities and Exchange Board of India's approval for its IPO on Friday. According to Reuters, the stock exchange is planning to launch its IPO, which could value the company up to $47 billion, in the week starting 21 September.Coming up Sep 12-13: India hosts BRICS Summit in New DelhiSept. 14: India CPI and WPI inflation data for August Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Jefferies predicts the defence sector's sales will rise from 27% in FY26 to 40% by FY30, with a 31% earnings CAGR. Additionally, it highlights significant growth potential for several defence companies, including Solar Industries and Astra Microwave, in the coming years. View More

Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October. View More

Adani Group, controlled by Asia’s richest man Gautam Adani , is planning to raise $2.5 billion from global lenders to refinance debt used to buy two cement firms, according to people familiar with the matter, in what would be India’s largest offshore loan this year. Endeavour Trade and Investment Ltd., a Mauritius-based special purpose vehicle owned by the Adani family, aims to raise $1.5 billion through a bridge loan with a tenor ranging from 18 months to 24 months, the people said, asking not to be identified discussing private information. Also read: Adani to raise Rs 9,825 crore from Temasek, BlackRock, Premji Invest and Alpha Wave The offshore facility may be priced at about 150 basis points over the US benchmark Secured Overnight Financing Rate, or SOFR, the people said. The bridge facility will later be refinanced with a rupee-denominated loan from domestic lenders including State Bank of India and HDFC Bank , the people said. Separately, Adani Infra (India) Ltd., another family-owned entity of the group, seeks to raise about $1 billion through a five-year loan, tapping on the Reserve Bank of India’s external commercial borrowing window, the people said. The facility may be priced at about 275 basis points over SOFR, they said. Live Events The Indian central bank’s concessional foreign-exchange swap facility, meant to boost a weak rupee, lowers hedging costs on overseas borrowings. If completed, the entire debt deal would be India’s biggest offshore loan so far this year, ahead of Adaniconnex Pvt Ltd.’s $1.13 billion borrowing, according to data compiled by Bloomberg. The group is in active discussions with several banks for both financing legs including DBS Group Holdings Ltd., Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Banking Corp. and Standard Chartered Plc, the people said. The banks are expected to sign the deal in the next two or three weeks with the loan likely to be closed before the end of October, the people said. Representatives for the Adani Group, State Bank of India, HDFC Bank and SMBC didn’t immediately respond to requests for comment. Standard Chartered, DBS and MUFG declined to comment. Also read: Adani Ports wins Paradip berth project, adds 18 MMT capacity The ports-to-mining conglomerate’s fundraising plans come after founder Adani last month won dismissal of US securities fraud charges, clearing the way for its expansion in India and abroad. In one of the major deals since he settled the US legal probes, Adani Airport Holdings Ltd. said earlier on Wednesday that it will raise 98.25 billion rupees ($1 billion) through a stake sale to a consortium including Temasek Holdings Pte. and funds managed by BlackRock Inc. In May, Adani Enterprises reached a $275 million settlement with the US Department of the Treasury’s Office of Foreign Assets Control over apparent sanctions violations related to liquefied petroleum gas shipments linked to Iran. The US Justice Department had also dropped criminal charges against Adani and his nephew related to solar energy contracts in India. The group is breaking the $2.5 billion refinancing loan into two parts to tap different pools of liquidity across offshore and domestic markets and bring down borrowing costs amid fast changing credit markets, the people said. It’s the second loan that the Adani Group is taking to refinance debt used in purchasing two Indian cement manufacturers, Ambuja Cements Ltd. and ACC Ltd., after securing a $3.5 billion funding package in 2023. The Adani Group is planning to raise another $1 billion through the third leg of the refinancing in 2027, according to the people. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)