India’s wholesale inflation showed signs of firming up in February, even as corporate activity across sectors—from infrastructure to technology—remained robust.
Data released this week indicated that the Wholesale Price Index (WPI) rose 2.13% year-on-year in February, up from 1.81% in January and 0.96% in December. The gradual increase points to a steady uptick in input costs, which could have implications for businesses and policymakers monitoring price stability.
In the construction and infrastructure space, companies continued to secure new projects and resources. Shree Cement was named the preferred bidder for a limestone block in Andhra Pradesh, a move expected to strengthen its raw material supply. Meanwhile, Ceigall India’s subsidiary emerged as the lowest bidder for two urban development projects in Ludhiana worth Rs 207 crore, while Dilip Buildcon secured a road project valued at over Rs 160 crore.
The consumer goods sector also saw expansion activity. Varun Beverages announced plans to acquire a South Africa-based dairy company for Rs 131.4 crore, signalling its intent to diversify beyond beverages into value-added dairy and juice categories.
Technology firms, particularly in artificial intelligence, unveiled new initiatives. Hexaware Technologies launched an enterprise AI platform featuring hundreds of ready-to-deploy agents, while Wipro partnered with a software delivery firm to accelerate AI-led innovation. L&T Technology Services introduced an AI-powered digital twin platform aimed at improving respiratory diagnostics and surgical planning.
In metals and mining, Tata Steel approved the merger of Neelachal Ispat Nigam and outlined a $2 billion investment plan for its overseas subsidiary. Separately, GMDC and NMDC signed an agreement to explore opportunities in rare earth elements.
Elsewhere, Adani Power secured a long-term contract to supply 1,600 MW of electricity in Maharashtra, and Power Mech Projects won a major operations contract. In defence-linked technology, Data Patterns received a Rs 288 crore order, underlining continued demand in strategic sectors.
