Essar Plans Rs 51 Billion Biofuel Complex In Gujarat

15 Jan 2026 CW Team

Ahmedabad-based Essar Future Energy Ltd on Monday announced plans to set up a large-scale biofuel complex in Gujarat’s Devbhumi Dwarka district, with a proposed investment of Rs 51 billion. The company signed a memorandum of understanding with the Government of Gujarat at the Vibrant Gujarat Regional Conference held in Rajkot.

According to the company, the project is expected to generate around 350 direct employment opportunities, with operations targeted to commence by 2029. Under the MoU, Essar Future Energy will establish the biofuel complex with an initial feedstock processing capacity of 1 million tonnes per annum.

The facility will be developed as a special economic zone unit and will focus on decarbonising hard-to-abate sectors by offering clean fuel solutions for aviation, shipping and road transport. The company said the project is expected to contribute to regional development while strengthening Gujarat’s clean fuels and bioenergy ecosystem.

The proposed complex forms part of Essar Future Energy’s broader strategy to expand its presence in sustainable fuels and support India’s energy transition through large-scale bioenergy infrastructure.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..