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Blue Energy Motors to invest Rs 3,500 crore in Maharashtra EV truck plant
MUMBAI: What’s better than a zero-emission truck? How about 30,000 of them.
Blue Energy Motors Ltd., a key partner in Essar’s green mobility initiative, has inked a landmark Memorandum of Understanding (MoU) with the Government of Maharashtra. Signed at the prestigious World Economic Forum in Davos, this ambitious partnership paves the way for a Rs 3,500 crore investment to transform the state into a powerhouse for electric vehicle (EV) truck manufacturing.
Set to kick off in the 2025-26 fiscal year, this state-of-the-art facility will churn out 30,000 advanced EV trucks annually. But that’s not all. The plant will feature cutting-edge research and development capabilities, a battery-pack line, a motor manufacturing unit, and its own charging infrastructure.
The investment doesn’t just promise innovation—it’s a win for the economy too. With 4,000 direct jobs in the pipeline, this initiative is set to energise Maharashtra’s green energy transition while cementing its status as a global hub for clean mobility solutions.
Why make this move now? Blue Energy Motors CEO Anirudh Bhuwalka explained, “We are excited to announce this landmark partnership with the Government of Maharashtra. This collaboration represents a crucial milestone in our ambitions of pioneering green trucking in partnership with Essar’s green mobility initiative. It reflects our shared vision for a cleaner, greener and a more sustainable future. Our investment will not only reaffirm Maharashtra’s position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth.”
Blue Energy Motors’ AI and ML-enabled EV commercial vehicles are more than just trucks; they’re game-changers. Designed for unmatched efficiency and reliability, these zero-emission giants promise to revolutionise heavy-duty trucking while significantly slashing carbon footprints.
The new facility will employ industry-leading manufacturing practices, ensuring that the trucks deliver on both performance and sustainability.
The transition to green energy isn’t just about saving the planet—it’s about smart economics too. This investment by Blue Energy Motors aligns with global goals to combat climate change and champion sustainable development.
Is this the spark India needs to electrify its mobility future? With Maharashtra leading the charge, the answer might just be a resounding yes.
As industries worldwide embrace sustainability, this initiative marks a significant step forward for India’s EV ambitions. Will this partnership set the benchmark for green mobility solutions across the globe? Blue Energy Motors is betting Rs 3,500 crore that it will.
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HCLTech delivers Rs 24 dividend as revenue hits Rs 1.3 lakh crore
IT giant delivers solid growth for shareholders with a major payout despite navigating global market shifts.
MUMBAI: HCLTech has clearly found the right code for financial success, proving that its operational strategy is more than just a quick fix for the digital age. The technology titan’s board of directors officially signed off on their year-end deliberations on 21 April 2026, revealing a set of annual results that suggest the company’s growth trajectory remains well-buffered against economic volatility.
The primary highlight for investors is the declaration of an interim dividend of Rs 24 per equity share (on a face value of Rs 2) for the 2026–27 financial year. Shareholders will not have to wait long for the processing of these funds; the record date is set for 25 April 2026, with payments scheduled to be completed by 5 May 2026. This follows a total dividend of Rs 54 per share already distributed during the 2025–26 fiscal year.
The consolidated annual results show a company operating at a high frequency across its global markets. Total revenue surged to Rs 130,144 crore for the year ended 31 March 2026, a significant jump from the Rs 117,055 crore recorded the previous year. Net profit remained robust at Rs 16,652 crore for the full year, despite a slight dip from Rs 17,399 crore seen in 2025. Quarterly performance also reflected steady momentum, with Q4 revenue reaching Rs 33,981 crore and net profit at Rs 4,490 crore, compared to Rs 30,246 crore in revenue during the same period last year.
The company’s diverse service portfolio played a balanced role in this financial performance. IT and Business Services remained the primary engine, contributing Rs 96,094 crore to annual revenue. Engineering and R&D Services showed strong growth, climbing to Rs 22,056 crore for the year, while HCL Software maintained a consistent stream of Rs 11,994 crore.
It was not entirely smooth scrolling, as the company had to account for specific financial hurdles. HCLTech faced a one-time impact of Rs 956 crore due to the New Labour Codes. Additionally, total expenses for the year rose to Rs 108,616 crore. This was largely driven by employee benefits, which reached Rs 74,143 crore, a figure that reflects the ongoing high costs of securing top-tier tech talent in a competitive market.
On the standalone front, the company reported a profit before tax of Rs 10,024 crore for the year. However, the final quarter saw a standalone loss of Rs 900 crore, which the company attributed to a material Bilateral Advance Pricing Agreement (BAPA).
Despite the rise in costs, HCLTech’s financial “cache” remains substantial. Total assets grew to Rs 116,258 crore as of 31 March 2026, compared to Rs 105,544 crore a year earlier. The company’s cash and cash equivalents stood at a healthy Rs 8,195 crore at year-end, providing ample bandwidth for future investments and expansion.
As the global tech landscape continues to shift, HCLTech appears to have the right architecture to maintain its performance, ensuring that for its investors, the future remains highly user-friendly.
