Maharashtra Signs Rs 6.5 Trillion Nuclear Energy MoUs

01 Jun 2026 CW Team

Reliance Industries is slated to invest Rs 2 trillion to develop 7,200 MW of nuclear capacity and was described as the largest employment contributor, with more than 100,000 jobs expected across construction and operational phases. Adani Power plans to invest Rs 1.5 trillion for projects totalling 6,000 MW and to generate around 12,000 direct and indirect jobs. State-run NTPC proposed Rs 1 trillion to develop 7,200 MW and to create nearly 5,000 jobs, while Lalitpur Power Generation Company Ltd of the Bajaj Group intends to invest Rs 2 trillion to build 5,000 MW and produce roughly 3,000 jobs.

Officials said the measures are aimed at strengthening Maharashtra’s long-term energy security and at providing round-the-clock clean power that complements renewable expansion and improves grid stability. The state presented the investments as aligned with decarbonisation objectives and with efforts to meet rising industrial consumption without increasing dependence on fossil fuels. The aggregate capacity and employment estimates were conveyed by the state government and form the basis for the MoUs.

The agreements are memorandums and will require project-level clearances and further approvals before implementation. The state indicated that, if realised, the initiatives could reposition Maharashtra as a leader in clean energy development and in attracting large-scale infrastructure investment. The moves reflect a wider national focus on nuclear power as a component of future energy strategy.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Maharashtra government has signed memorandums of understanding with four companies to attract investments worth Rs 6.5 trillion (Rs 6.5 trillion) in the nuclear energy sector. The agreements with NTPC, Adani Power, Reliance Industries and Lalitpur Power Generation Company were presented by the state as measures that would deliver 25,400 megawatt (MW) of power capacity and create about 123,500 jobs, according to the state government. The package was framed as a significant expansion of clean baseload generation to support growing industrial and electricity demand. Reliance Industries is slated to invest Rs 2 trillion to develop 7,200 MW of nuclear capacity and was described as the largest employment contributor, with more than 100,000 jobs expected across construction and operational phases. Adani Power plans to invest Rs 1.5 trillion for projects totalling 6,000 MW and to generate around 12,000 direct and indirect jobs. State-run NTPC proposed Rs 1 trillion to develop 7,200 MW and to create nearly 5,000 jobs, while Lalitpur Power Generation Company Ltd of the Bajaj Group intends to invest Rs 2 trillion to build 5,000 MW and produce roughly 3,000 jobs. Officials said the measures are aimed at strengthening Maharashtra’s long-term energy security and at providing round-the-clock clean power that complements renewable expansion and improves grid stability. The state presented the investments as aligned with decarbonisation objectives and with efforts to meet rising industrial consumption without increasing dependence on fossil fuels. The aggregate capacity and employment estimates were conveyed by the state government and form the basis for the MoUs. The agreements are memorandums and will require project-level clearances and further approvals before implementation. The state indicated that, if realised, the initiatives could reposition Maharashtra as a leader in clean energy development and in attracting large-scale infrastructure investment. The moves reflect a wider national focus on nuclear power as a component of future energy strategy.

Infrastructure Transport

23 Jun 2026

L&T Achieves Third Bullet Train Tunnel Breakthrough

Larsen & Toubro (L&T) has achieved the breakthrough of Mountain Tunnel-07 (MT-07) on the Mumbai-Ahmedabad High Speed Rail (MAHSR) C-3 package, marking its third tunnel breakthrough within five months. Located in the Sahyadri range near Ambesari village in Dahanu Taluka, Maharashtra, the 417-metre-long tunnel was excavated over 516 days using the New Austrian Tunnelling Method (NATM) and 117 controlled blasts.The 12.6-metre-wide tunnel, designed to accommodate both up and down tracks, was constructed under challenging geological conditions with continuous monitoring and support systems,..

Infrastructure Urban

23 Jun 2026

Meghalaya Opens North East’s Largest Spice Plant

Union Finance Minister Nirmala Sitharaman recently inaugurated the Organic Spice Industrial Unit, PRIME-HUB, at Bhoirymbong in Meghalaya. The facility is being positioned as the North East’s largest organic spice processing plant and is expected to strengthen Meghalaya’s agro-industrial and organic farming ecosystem.The project was developed with an investment of Rs 300 million (mn) and is designed to process over 10,000 metric tonnes of organic spices annually. It will directly benefit 5,500 farmers across 112 villages, supporting improved livelihoods, value addition and market access for..

Infrastructure Urban

23 Jun 2026

Recykal Raises USD 23 Mn Bridge Round

Recykal, a Hyderabad-based technology platform for waste management and the circular economy, recently raised USD 23 million in a bridge round through a mix of primary and secondary capital. The round saw participation from existing investors and select new family offices.The fresh capital will be used to strengthen Recykal’s technology platform, accelerate its Deposit Return System (DRS) deployments, expand behavioural change solutions in waste management, and support international growth. In FY26, the company reported gross revenue of Rs 14.98 billion, up 53.2 per cent from Rs 9.78 billion..