KP Energy Signs Rs 40 Billion Gujarat Renewables MoU

16 Jan 2026 CW Team

KP Energy Limited has signed a memorandum of understanding with the Government of Gujarat to develop renewable energy projects across the state, with a proposed investment of around Rs 40 billion. The MoU was signed on January 12, 2026, at Marwadi University in Rajkot during the Vibrant Gujarat Regional Conference.

Under the agreement, KP Group plans to establish renewable energy projects with an aggregate capacity of approximately 855 MW. The portfolio will comprise solar power projects and interstate transmission system-connected wind–solar hybrid projects across multiple locations in Gujarat, including Devbhumi Dwarka and Kutch near Bhuj.

The proposed project mix includes a 200 MW DC solar power project under the DREBP scheme and captive user segment, a 405 MW solar power project, a 100 MW ISTS-connected wind–solar hybrid project and a 150 MW ISTS-connected wind–solar hybrid project. The developments are expected to be implemented in a phased manner, subject to the receipt of statutory approvals and clearances.

KP Group said the projects are expected to generate significant employment, with more than 4,000 jobs likely to be created during development and execution, contributing to regional economic growth.

As part of the MoU, the Government of Gujarat will facilitate KP Group in obtaining the necessary permissions, registrations, approvals and clearances from relevant state authorities, in line with applicable policies and regulations, to enable timely project execution.

The agreement reinforces KP Group’s commitment to strengthening Gujarat’s renewable energy ecosystem and supporting the state’s clean energy and sustainable development objectives, while contributing to India’s broader transition towards non-fossil fuel-based power generation.

Infrastructure Urban

16 Jan 2026

Tanfac Industries Inks 7-year Fluorochemicals Supply Deal with Japan

Tanfac Industries has signed a long-term supply contract with a Japanese customer for the supply of fluorinated chemicals, strengthening its presence in the global specialty chemicals market and enhancing long-term revenue visibility.Under the agreement, the company will supply around 7,500 metric tonnes per annum of fluorinated chemicals, with an estimated contract value of Rs 3.37 billion per year. The total value of the contract is approximately Rs 23.62 billion over a seven-year period. The agreement is scheduled to come into effect from January 1, 2027, and is backed by committed volumes,..

HGS Launches AMLens to Speed up AML Probes with Explainable AI

HGS, a leading provider of digital experience, business process management and digital media services, has launched AMLens, an AI-powered solution designed to accelerate and modernise Anti-Money Laundering (AML) investigations for financial institutions. Listed on both BSE and NSE, the company said AMLens enables faster, more accurate case resolution while helping banks meet increasingly stringent regulatory requirements.AMLens combines machine learning and Natural Language Processing (NLP) to address persistent industry challenges such as manual case handling, alert fatigue and fragmented dat..

Kings Infra Charts ‘Way Forward’ Roadmap for Sustainable Value Growth

Kings Infra Ventures has outlined a refined strategic roadmap, titled “The Way Forward”, aimed at consolidating its market position and accelerating long-term value creation. Anchored in the vision of its Founder-Chairman and Managing Director, Late Shaji Baby John, the strategy focuses on financial consolidation, core business growth and unlocking institutional value from infrastructure and real estate assets.To drive effective execution, the company has adopted a decentralised corporate structure under which each business vertical functions as an independent profit centre. These vertical..