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

President Murmu Boosts Gorakhpur University Projects

President Droupadi Murmu today inaugurated key facilities at Mahayogi Gorakhnath University in Gorakhpur, Uttar Pradesh, including a new auditorium, an academic block and a Panchkarma Kendra, and laid the foundation stone for an additional girls’ hostel. Commending the institution’s dual focus on allopathy and Ayurveda, she welcomed plans for an 1 800 bed Shri Gorakshanath Medical College Hospital and Research Centre.Praising private, philanthropic institutions under the National Education Policy 2020, the President noted that Mahayogi Gorakhnath is the first private univ..

Next Story
Infrastructure Transport

Cabinet OKs Rs 18.5 Bn Four Lane NH 87 in Tamil Nadu

The Union Cabinet has cleared a Rs 18.53 billion plan to upgrade 46.7 kilometres of National Highway 87 between Paramakudi and Ramanathapuram to four lanes. At present, this section is a two lane bottleneck that links Madurai, Rameshwaram and Dhanushkodi, and regularly suffers jams and accidents.Scheduled to be built under the Hybrid Annuity Mode, the new highway will intersect five other national highways (NH 38, 85, 36, 536 and 32) and three state highways (SH 47, 29 and 34). It will also strengthen multi modal links to Madurai and Rameshwaram railway stations, Madurai Airport, a..

Next Story
Infrastructure Transport

Pune Metro to Add 15 Trains, Cut Wait Time to 3 Minutes

In a bid to enhance commuter convenience and prepare for two newly approved corridors, Pune Metro has announced plans to add 15 new trains — totalling 45 coaches — to its existing fleet. This will increase the total number of trains from 34 to 49 and coaches from 102 to 147.Currently, Pune Metro serves over 1.7 lakh passengers daily using 34 trains, of which 31 are operational. The new trains, each consisting of three coaches, will be deployed once construction on the new Swargate–Katraj and PCMC–Nigdi lines is complete. These projects were approved in August 2024 and October 2023 resp..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?