Chennai:The Tamil Nadu government on Thursday signed an MoU with solar energy solutions provider Vikram Solar to set up a Battery Energy Storage Systems manufacturing plant at an investment of Rs 15,037 crore at SIPCOT Industrial Park in Gangaikondan, Tirunelveli district. The mega project will create direct and indirect employment opportunities to 2,670 people, an official release here said. The MoU was signed at the Secretariat in the presence of Chief Minister C Joseph Vijay during an event organised by the Department of Industries, Investment Promotion, and Commerce.

LICO partners with

Ather Energy

New Delhi:Battery recycling firm LICO Materials on Thursday said it has partnered with electric two-wheeler maker Ather Energy for recycling end-of-life lithium-ion batteries. Under the partnership, the companies will work together and establish a system for battery collection and critical material recovery. End-of-life batteries from Ather's fleet will be recycled at LICO's processing facility in Karnataka, the company said in a statement. Materials recovered from these batteries will be reintroduced into the battery supply chain available to cell manufacturers, and OEMs building the next generation of electric vehicles, it added.

Marico targets

` 15K cr revenue

New Delhi:Home-grown FMCG major Marico is targeting to touch a revenue of Rs 15,000 crore in FY27 and remains focused on driving profitable growth through premiumisation, portfolio expansion, digital-first brands and technology-led investments, its annual report said. The company is eyeing Rs 20,000 crore revenue in next 4 years as part of its "Vision 2030". It is focused on strengthening its growth engines, deepening innovation capabilities and expects the Total Addressable Market (TAM) to grow threefold by FY30 through sharper portfolio choices, accelerated premiumisation and sustained investments in digital and technology capabilities.

Solex Energy bags ` 628 cr solar order

New Delhi:Solex Energy on Thursday said the company has secured a new solar module supply order worth Rs 628 crore. The order has been bagged from a renewable energy group with a well-established presence across multiple countries, Solex Energy said in a stock exchange filing. "The order comprises the supply of N-Type TOPCon G12R glass-to-glass solar PV modules rated at 615 Wp and 620 Wp, with a total contract value of Rs 628.37 crore, inclusive of all applicable duties and taxes," the company said. Gujarat-based Solex Energy is a leading solar PV module manufacturer.

Shimla:. The Himachal Pradesh government is in the final stages of formulating a new industrial policy which will be notified shortly, Chief Minister Sukhvinder Singh Sukhu said. Chairing a review meeting of the Industries Department on Wednesday evening, he said that the new policy would play a significant role in attracting investment to the state, creating employment opportunities for youth and further improving the ease of doing business in Himachal Pradesh, a statement issued here on Thursday said. He added that consultations with all stakeholders are being held to ensure the policy is comprehensive and industry-friendly.