KP Group To Invest Rs 80 Billion In Gujarat Green Fuel Network

16 Oct 2025 CW Team

A city-based renewable energy conglomerate, KP Group, has signed a Memorandum of Understanding (MoU) with the Energy and Petrochemicals Department, Government of Gujarat, to establish a statewide network of hydrogen and electric vehicle (EV) fuel stations.

The MoU, signed on 9 October 2025 during the Vibrant Gujarat Regional Conference (North Region) at Ganpat University, Mehsana, represents a major step towards strengthening Gujarat’s clean energy and e-mobility ecosystem, the company said in a statement.

Under the agreement, KP Group will invest Rs 80 billion to develop hydrogen and EV refuelling infrastructure across the state. The project is expected to generate around 1,000 employment opportunities and play a pivotal role in Gujarat’s transition towards low-carbon and sustainable mobility.

The Government of Gujarat will facilitate the company in securing necessary permissions, approvals, and clearances from various departments in accordance with state policies and regulations, ensuring timely and efficient project execution.

“Gujarat has consistently led India’s clean energy transition, and this MoU marks another milestone in that journey,” said Dr Faruk G. Patel, Founding Promoter of KP Group. “Through this collaboration, we aim to build a robust, future-ready refuelling ecosystem for hydrogen and electric vehicles. This initiative will empower industries, public transport, and private users to confidently adopt cleaner fuels while reinforcing Gujarat’s leadership in sustainable infrastructure development.”

The project aligns with Gujarat’s broader vision of promoting green mobility, renewable energy adoption, and carbon reduction, further positioning the state as a national frontrunner in sustainable energy innovation.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..