Hero Future Energies to Invest $20 bn in India's Renewables Over 6 Years

19 Sep 2024 CW Team

At an industry event, Rahul Munjal, Chairman of the Indian conglomerate Hero Group, informed Reuters that the group's power production unit plans to invest $20 billion over the next six years. This investment is intended to increase its capacity nearly 16-fold. Hero Future Energies, which is supported by global investors such as KKR and the International Finance Corporation (IFC), aims to expand its capacity to 30 gigawatts (GW) by 2030, up from its current installed capacity of 1.9 GW.

Indian companies are actively increasing their renewable energy capacities, driven by the government's target to add at least 500 GW of clean energy by 2030 to cut emissions.

In a related development, Tata Power, a larger rival, announced a $9 billion investment to quadruple its renewable capacity. Similar commitments were made by Reliance Industries and Adani Green Energy during the renewable energy conference RE-Invest, held in Gujarat.

Munjal also noted that Hero's planned capacity expansions will focus on producing wind and solar energy, along with battery storage technologies. The funding for these expansions will come from internal resources, as well as a combination of debt and equity. The company, which already has renewable energy projects in India, Ukraine, and Vietnam, anticipates that 3.4 GW of capacity currently under construction will be commissioned within the next two years.

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..