Adani Group & Andhra Govt signs Mou for Rs 60,000 cr investment

26 May 2022 CW Team

The Adani Group signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh for an investment of Rs 60,000 crore by Adani Green Energy in the state.

Approximately 10,000 people will be employed directly and indirectly as a result of the project.

In Andhra Pradesh, Adani Green Energy Ltd (AGEL) will build a 3,700 MW hydro storage plant and a 10,000 MW solar energy project.

According to the media sources, the MoU was signed at the AP Pavilion in the presence of Chief Minister Jagan Mohan Reddy and Adani Group Chairman Gautam Adani.

Adani Green Energy is one of India's largest renewable energy firms, with a portfolio of 20,284MW.

Utility-scale grid-connected solar and wind farm projects are developed, owned, operated, and maintained by the firm.

Gautam Adani, chairman of the Adani Group, stated that the company plans to invest $20 billion in renewable energy by 2031 and triple its clean energy producing capacity by 2025.

Adani Group also plans to invest more than 75% of its capital spending on green technology over the next three years.

Image Source

Also read: Himachal Pradesh invites bids for 27 hydro projects

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..