Hero Future Energies to Invest Rs.11,000 Crore in Karnataka

03 Dec 2024 CW Team

Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Karnataka government to invest Rs11,000 crore in renewable energy, green hydrogen, and related projects, according to an official release.

Key Highlights: Investment Timeline: The projects will roll out between 2025-26, generating nearly 3,000 jobs. Focus Areas: Renewable energy expansion, green hydrogen production, and decarbonization solutions targeting hard-to-abate industries. Support: Karnataka will provide permissions, approvals, and incentives under state policies to ensure timely project execution. Strategic Significance HFEPL, led by Chairman and MD Rahul Munjal, is a renewable energy leader with a portfolio exceeding 6 GW. The company is leveraging its expertise to position India as a global clean energy exporter.

HFEPL leadership emphasized Karnataka’s progressive policies, abundant renewable resources, and focus on green innovation as key factors for choosing the state as its investment destination.

Part of Invest Karnataka 2025 The MoU, signed during the London Roadshows, aligns with Karnataka's preparations for the Invest Karnataka 2025 Global Investors Meet, aimed at fostering industrial innovation and attracting global investments.

Government’s Vision M.B. Patil, Karnataka's Minister for Large and Medium Industries, reiterated the state’s commitment to sustainable industrial development, positioning Karnataka as a leader in green energy initiatives.

This collaboration reinforces Karnataka’s standing as a hub for cutting-edge energy solutions and sustainable growth.

Real Estate

04 Sep 2025

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..