Madhya Pradesh

Hindustan Copper Ltd (HCL), a state-owned Miniratna under the Ministry of Mines, is set to diversify beyond copper by bidding for blocks of critical minerals and rare earth elements (REEs), both domestically and internationally. The company is pursuing strategic partnerships with fellow public sector undertakings (PSUs) including Indian Oil Corporation, GAIL (India), and RITES Ltd. It also plans international collaborations with Coal India for exploration activities in Chile.

In a chilling development in the murder of Indore businessman Raja Raghuvanshi, Meghalaya Police’s Special Investigation Team (SIT) arrested two more suspects in Madhya Pradesh, raising the total number of arrests to seven. The arrests include a property dealer and a security guard, allegedly involved in destroying critical evidence linked to the case. Raghuvanshi’s wife, Sonam, and her associates are at the center of a complex and premeditated crime that unfolded during what was meant to be a honeymoon trip.

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has reached a significant milestone by crossing Rs. 1,000 crore in disbursements in markets outside South India during FY 2024-25. The company’s strategic expansion beyond its traditional southern stronghold has driven this success, particularly in Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh. With total disbursements up 29% year-on-year to Rs. 6,517 crore, Sundaram Home Finance has doubled the share of non-south markets to 20% of its overall portfolio, underscoring a decisive shift towards pan-India growth.

Tensions between geopolitics and infrastructure development surfaced in India this week after Madhya Pradesh’s Urban Development and Housing Minister, Kailash Vijayvargiya, directed the cancellation of metro contracts involving any Turkish company. His comments came amid rising diplomatic strains between India and Turkiye, following the latter’s vocal support for Islamabad during the recent Operation Sindoor.

Insecticides (India) Ltd (IIL), a key player in the agrochemical industry, has announced a bold plan to expand its footprint in Madhya Pradesh by setting a revenue target of Rs 200 crore for the current fiscal year. The state, which saw agrochemical sales of around Rs 2,000 crore in the last financial year, currently contributes Rs 150 crore to IIL’s revenues. The company aims to scale this up by launching new products tailored to local agricultural needs, including the herbicide 'Torry Super' for maize crops—a strategic move to tap into the state's thriving maize cultivation ecosystem.

GreenCell Mobility, a sustainable transport company backed by Eversource Capital, has secured key contracts to deploy over 1,200 electric buses across Madhya Pradesh and Andhra Pradesh under the Government of India's PM e-Bus Sewa scheme. The company has partnered with VE Commercial Vehicles and EKA Mobility to support this large-scale initiative aimed at accelerating the electrification of public transportation.

CtrlS Datacenters is set to make a significant mark in India’s digital infrastructure by investing Rs 500 crore in a new greenfield data centre in Bhopal, Madhya Pradesh. The facility, which will be constructed in the Badwai IT Park, aims to support high-performance cloud computing, AI, and data processing applications. The investment will not only generate over 200 local jobs but is also poised to bolster the region's digital ecosystem.

India’s ambitious Plastic Parks Scheme is entering a critical phase, with the government aiming to complete physical infrastructure across nine parks by the end of 2025. Backed by the Department of Chemicals and Petrochemicals, this initiative seeks to catalyze domestic manufacturing, attract foreign investment, and build a globally competitive plastics processing ecosystem. While progress has been hampered by delays in land acquisition and coordination challenges with state governments, several parks—such as those in Madhya Pradesh, Odisha, and Assam—are now partially operational.

Amazon.in reported a solid double-digit growth in its home, kitchen, and outdoors segment in Madhya Pradesh during the first quarter of 2025. Spearheaded by rising demand for smart devices, fitness equipment, kitchen appliances, and DIY tools, the company recorded a 20% year-on-year increase in this product category. The growth reflects an ongoing shift among Indian consumers toward healthier, tech-enabled, and convenience-oriented lifestyles. Amazon also noted a 10% uptick in new customer acquisitions in the region.

The National Dairy Development Board (NDDB) has entered into a significant partnership with the Madhya Pradesh State Co-operative Dairy Federation (MPCDF) to elevate milk production in the state. Signed during a high-profile conference in Bhopal, the agreement marks a major milestone in Madhya Pradesh's goal to become India's leading milk producer. The pact will increase the number of milk co-operative societies, expand the state's dairy infrastructure, and enhance its contribution to national milk production.