AGP Executive Report
Last update: 4 hours agoEnergy Security: ADNOC signed a 10-year agreement to supply Gujarat Energy with up to 4 million tonnes of LNG from 2028. India is also preparing rules requiring power utilities to pair renewable purchases with energy storage, while TERI’s new agreements will support clean-energy planning in West Bengal and Bihar. Battery Manufacturing: Hyderabad-based TREX Energy opened a lithium-battery facility for energy storage systems, adding domestic capacity as demand for grid storage grows. Electronics: The government approved 12 manufacturing projects worth more than ₹7,500 crore under the Electronics Components Manufacturing Scheme, spanning components, materials and production equipment. Industrial Growth: India is targeting steel output of 300 million tonnes by 2030 and 500 million by 2047. Organised manufacturing employment rose 30% to 21 million between 2021 and 2025, according to Finance Ministry data. Automotive: October vehicle retail sales topped 31.7 lakh, with electric-vehicle sales reaching a record 3.55 lakh and EV penetration rising to about 11.5%.
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