Inox Clean Energy Joins RJ Corp to Expand African IPP

18 Feb 2026 CW Team

Projects in the initial portfolio are supported by sovereign-backed power purchase agreements and are expected to deliver project internal rates of return above 20 per cent. Debt financing is expected to come from multilateral development agencies to underwrite project execution and reduce financing risk. The equal joint venture structure will combine Inox Clean Energy's project development and execution expertise with RJ Corp's operational presence across African markets to accelerate delivery.

Inox Clean aims to build two point five gigawatt (GW) of installed renewable energy capacity in Africa by fiscal 2029, aligning the expansion with its global growth strategy. The initial geographic focus includes Zambia, Zimbabwe and the Democratic Republic of Congo, where electricity demand is rising and governments are seeking reliable clean power. The company said that the acquisitions and ready infrastructure will allow it to mobilise resources and move projects through permitting and construction stages more rapidly.

The executive director Devansh Jain described the Africa expansion as a key milestone that supports a broader corporate target of achieving 10 GW of installed independent power producer capacity and 11 GW of integrated solar manufacturing capacity by fiscal 2028. RJ Corp's chairman Ravi Jaipuria indicated that the partnership will support the group's sustainability goals and help decarbonise its operations across its African footprint, while Inox Clean Energy continues to expand through greenfield projects and acquisitions.

Inox Clean Energy Ltd has formed a joint venture with RJ Corp Ltd to expand into the African renewable energy market, marking the company's first major international independent power producer venture. The partnership has acquired Skypower Services MENA Ltd and plans to commission about 570 megawatts (MW) in the initial phase as part of a multi-gigawatt pipeline. Land acquisition and grid evacuation infrastructure for the initial projects are already in place, enabling faster execution and earlier commissioning. Projects in the initial portfolio are supported by sovereign-backed power purchase agreements and are expected to deliver project internal rates of return above 20 per cent. Debt financing is expected to come from multilateral development agencies to underwrite project execution and reduce financing risk. The equal joint venture structure will combine Inox Clean Energy's project development and execution expertise with RJ Corp's operational presence across African markets to accelerate delivery. Inox Clean aims to build two point five gigawatt (GW) of installed renewable energy capacity in Africa by fiscal 2029, aligning the expansion with its global growth strategy. The initial geographic focus includes Zambia, Zimbabwe and the Democratic Republic of Congo, where electricity demand is rising and governments are seeking reliable clean power. The company said that the acquisitions and ready infrastructure will allow it to mobilise resources and move projects through permitting and construction stages more rapidly. The executive director Devansh Jain described the Africa expansion as a key milestone that supports a broader corporate target of achieving 10 GW of installed independent power producer capacity and 11 GW of integrated solar manufacturing capacity by fiscal 2028. RJ Corp's chairman Ravi Jaipuria indicated that the partnership will support the group's sustainability goals and help decarbonise its operations across its African footprint, while Inox Clean Energy continues to expand through greenfield projects and acquisitions.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..