Gujarat to become global hub for renewable energy innovation: Desai

19 Nov 2024 CW Team

At the COP29 conference in Baku, Azerbaijan, Gujarat's Energy Minister Kanu Desai announced the state's ambition to lead India's clean energy transition. Desai highlighted Gujarat's efforts to position itself as a global hub for sustainable growth, particularly in emerging sectors like green hydrogen, and emphasised the state's proactive approach to renewable energy innovation.

Gujarat has set ambitious renewable energy goals, with plans to achieve energy self-reliance by 2047, the centenary of India's independence. Desai spoke about the state's ‘Mission 100 GW’, an initiative aimed at significantly boosting Gujarat’s renewable energy capacity and establishing it as a key player in India's clean energy transition. He stressed the importance of fostering a business-friendly environment, attracting investments, and encouraging innovation to drive the mission forward.

Desai also discussed Gujarat's substantial offshore wind energy potential, estimated at 35-40 GW, during a bilateral meeting with representatives from the Climate Investment Fund (CIF) and other international stakeholders. He noted that global companies are partnering with Gujarat to invest in offshore wind projects.

Additionally, the Gujarat delegation engaged with the United Nations Development Programme (UNDP) at COP29, focusing on strategies to achieve zero emissions by 2047 through green technologies while ensuring a fair and inclusive energy transition. (ET)

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..