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 Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..