AGP Executive Report
Last update: 8 hours agoEV finance expansion: Greaves Finance says its EV-focused NBFC ev.fin has partially deployed INR 223 crore from a prior debt facility to grow lending, pushing its footprint to 74+ cities in India and targeting 80+ by July 2026, using battery-health and resale-value based loan structures. Floating solar push: India’s new floating-solar push targets 102+ GWp potential, with the energy ministry working on a dedicated scheme to speed deployments, alongside a new online portal for small hydropower. Industrial solar deal: Simplex Castings signed a 25-year captive solar PPA in Chhattisgarh, aiming to cut annual power costs by about INR 2.16 crore via long-term open-access supply. Steel decarbonisation via buyers: A Nordic report argues steel purchasers can drive low-carbon steel demand, noting current alignment with Paris goals is only 23% and could rise to 83% with best procurement practices. Medical manufacturing upgrades: Shanghai Mekon Medical Devices is expanding OEM/ODM offerings across safety Huber needles, interventional catheters, biopsy needles, guidewires, and micro machining for precision medical components. Trade and policy pressure: UK experts warn that weakening electric car targets could raise costs and energy insecurity, even as EV sales keep gaining share. Global supply chain strain: China’s passenger car exports jumped 73% in May, with EV shipments driving tighter car-carrier capacity and higher shipping rates. Aviation investigation delay: Air India’s 787 crash final report faces delays as engine examination work with GE Aerospace remains incomplete. Union action risk: BHP’s Port Hedland operations face potential stoppages after union members voted for industrial action, raising near-term logistics uncertainty.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.