Reliance Power and Infrastructure restructure boards

21 Nov 2024 CW Team

In a strategic corporate move, Reliance Power and Reliance Infrastructure have reshaped their boards by appointing four senior executives to take on key leadership roles. The restructuring aims to strengthen the management team as the companies move forward with their growth strategies, including the expansion of infrastructure projects and investment in energy and power sectors.

Ashok Pal has been appointed as Executive Director of Reliance Power, while Sachin Mohapatra and Harmanjit Singh Nagi have joined Reliance Power’s board as additional directors. At the same time, Partha Sarma has been appointed as an additional director on the board of Reliance Infrastructure. These appointments are seen as a proactive step toward creating a more dynamic and capable leadership team.

The restructuring comes as Reliance Power and Reliance Infrastructure align their operations with their Vision 2030 strategy, which includes significant investments in energy, infrastructure, and sustainability. The appointments are expected to enhance the companies’ ability to execute large-scale projects, diversify their business portfolios, and drive future growth.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..