Investments in Karnataka worth Rs 26k cr cleared
POWER & RENEWABLE ENERGY

Investments in Karnataka worth Rs 26k cr cleared

As many as five projects with an investment potential of Rs 26,659 crore have been cleared by the State High-Level Clearance Committee (SHLCC). When completed, these projects are said to be able to generate employment for 13,341 people.

The investments that were cleared in the 55th SHLCC meeting included the following proposals:

  • Two proposals by Elest Pvt Ltd in Hubballi-Dharwad — one worth Rs 14,255 crore on 85 acres of land for electric vehicle manufacturing, and the other worth Rs 6,339 crore on 88 acres for battery manufacturing unit and lithium-ion cells.

           Employment potential: 2671 jobs ( 867 by the former and 1804 by the latter)

  • Proposals worth Rs 1,825 crore by Hyunet Pvt Ltd on 300 acres, to be allotted by Karnataka Industrial Areas Development Board in Bagepalli Taluk of Chikkaballapur district for EVs and Li-ion batteries.

           Employment potential: 2210 jobs

  • Investment worth Rs 1290 crore by Miraculum Green Power Pvt Ltd on 700 acres to be taken up on lease at villages in Jagalur Taluk of Davanagere district for setting up a 110 MW hybrid wind-solar power project.

           Employment potential: 2820 jobs

  • Another proposal worth Rs 2950 crore by Sanali Pvt Ltd on 1710 acres at villages in Jagalur Taluk of Davanagere district, also taken on lease for setting up a hybrid wind-solar power project.

            Employment potential: 5640 jobs

Investments above Rs 100 crore were cleared by the SHLCC that is led by the Chief Minister, while the projects that were worth between Rs 15 and Rs 100 crore were cleared the State Level Single Window Clearance Committee (SLSWCC), which is chaired by the Minister of Large and Medium Scale Industries.

Image Source

As many as five projects with an investment potential of Rs 26,659 crore have been cleared by the State High-Level Clearance Committee (SHLCC). When completed, these projects are said to be able to generate employment for 13,341 people. The investments that were cleared in the 55th SHLCC meeting included the following proposals:Two proposals by Elest Pvt Ltd in Hubballi-Dharwad — one worth Rs 14,255 crore on 85 acres of land for electric vehicle manufacturing, and the other worth Rs 6,339 crore on 88 acres for battery manufacturing unit and lithium-ion cells.           Employment potential: 2671 jobs ( 867 by the former and 1804 by the latter) Proposals worth Rs 1,825 crore by Hyunet Pvt Ltd on 300 acres, to be allotted by Karnataka Industrial Areas Development Board in Bagepalli Taluk of Chikkaballapur district for EVs and Li-ion batteries.            Employment potential: 2210 jobs Investment worth Rs 1290 crore by Miraculum Green Power Pvt Ltd on 700 acres to be taken up on lease at villages in Jagalur Taluk of Davanagere district for setting up a 110 MW hybrid wind-solar power project.           Employment potential: 2820 jobs Another proposal worth Rs 2950 crore by Sanali Pvt Ltd on 1710 acres at villages in Jagalur Taluk of Davanagere district, also taken on lease for setting up a hybrid wind-solar power project.            Employment potential: 5640 jobs Investments above Rs 100 crore were cleared by the SHLCC that is led by the Chief Minister, while the projects that were worth between Rs 15 and Rs 100 crore were cleared the State Level Single Window Clearance Committee (SLSWCC), which is chaired by the Minister of Large and Medium Scale Industries. Image Source

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?