Punjab

Indian steel giant Tata Steel has unveiled plans to invest approximately Rs 3,200 crore in establishing a new electric arc furnace (EAF) steel plant in Punjab. The project is expected to strengthen regional industrial capacity while aligning with the company’s strategy to adopt more energy-efficient steel production technologies. Electric arc furnaces, known for their ability to recycle scrap metal and reduce carbon emissions, are increasingly seen as a sustainable alternative to traditional steelmaking processes.

HPCL-Mittal Energy Limited (HMEL) has announced plans to invest Rs 2,600 crore in the specialty and fine chemicals sector in Punjab, marking a significant step toward expanding its presence beyond conventional refining operations. The investment was revealed by industrialist Lakshmi Niwas Mittal during the Progressive Punjab Investors Summit 2026. Alongside the chemicals initiative, the company also plans to enter the retail fuel market with a network of 500 outlets across India. Tata Motors Secures Orders for Over 5,000 Buses from State Transport Corporations.

The Punjab government has announced an ambitious plan to develop three large-scale exhibition centres aimed at enhancing the state’s industrial and commercial landscape. The facilities will be established in Ludhiana, New Chandigarh, and Amritsar to provide modern platforms for businesses to showcase products, attract investors, and expand market reach. The announcement was made during the Progressive Punjab Investment Summit, where industry leaders and policymakers discussed strategies to accelerate economic growth in the state.