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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..