Maharashtra inks Rs 35k cr MoU with JSW for RE sector

16 Sep 2021 CW Team

On Tuesday, the Maha Vikas Aghadi government received a significant boost in its ongoing plan to expand the renewable energy capacity in Maharashtra.

The JSW Group has partnered with the state government with Rs 35,500 crore investment in the renewable energy sector.

JSW Energy Ltd, the power business arm of JSW Group with 4559 MW of operational thermal, hydro and solar power capacity, aims to establish a 1,500 MW hydro-based power project in Nashik district and 5,000 MW wind power projects across 1870 hectares at Solapur, Kolhapur, Osmanabad and Satara districts. The firm expects to commence production in 18 months.

As per the state industries department, the hydropower project will include Kalbhonde, Jammde, Kothale villages near Igatpuri in Nashik district.

Subhash Desai, Industries Minister, promised that handholding and regulatory support needed for greening energy for a sustainable future, for its residence. The Government of Maharashtra is undertaking steps towards developing a sustainable environment with goals to decrease the grip of carbon footprint and control global warming.

Maharashtra supports Renewable Energy as a sector, drawing multiple powerhouses to intensify the state’s sustainable energy capacity. This huge investment inflow will account for a significant rise in renewable energy sources within Maharashtra. While creating employment for more than 10000 people, these projects will also draw socio-economic development of the area by encouraging skill development, eco-tourism and service sector.

Desai told the media that Maharashtra has emerged as a forerunner for business continuity programs with its ready-built industrial infrastructure, sector-specific build-to-suit offerings and highest FDI inflows. Maharashtra has consistently guaranteed strong performance across multiple investment parameters, even during and post lockdown under Magnetic Maharashtra 2.0 Maharashtra inked MoUs worth Rs 1,65,439 crore.

Image Source

Also read: India and US to expand energy partnership through emerging fuels

On Tuesday, the Maha Vikas Aghadi government received a significant boost in its ongoing plan to expand the renewable energy capacity in Maharashtra. The JSW Group has partnered with the state government with Rs 35,500 crore investment in the renewable energy sector. JSW Energy Ltd, the power business arm of JSW Group with 4559 MW of operational thermal, hydro and solar power capacity, aims to establish a 1,500 MW hydro-based power project in Nashik district and 5,000 MW wind power projects across 1870 hectares at Solapur, Kolhapur, Osmanabad and Satara districts. The firm expects to commence production in 18 months. As per the state industries department, the hydropower project will include Kalbhonde, Jammde, Kothale villages near Igatpuri in Nashik district. Subhash Desai, Industries Minister, promised that handholding and regulatory support needed for greening energy for a sustainable future, for its residence. The Government of Maharashtra is undertaking steps towards developing a sustainable environment with goals to decrease the grip of carbon footprint and control global warming. Maharashtra supports Renewable Energy as a sector, drawing multiple powerhouses to intensify the state’s sustainable energy capacity. This huge investment inflow will account for a significant rise in renewable energy sources within Maharashtra. While creating employment for more than 10000 people, these projects will also draw socio-economic development of the area by encouraging skill development, eco-tourism and service sector. Desai told the media that Maharashtra has emerged as a forerunner for business continuity programs with its ready-built industrial infrastructure, sector-specific build-to-suit offerings and highest FDI inflows. Maharashtra has consistently guaranteed strong performance across multiple investment parameters, even during and post lockdown under Magnetic Maharashtra 2.0 Maharashtra inked MoUs worth Rs 1,65,439 crore. Image Source Also read: India and US to expand energy partnership through emerging fuels

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..