Samko, SRAM & MRAM Team Up for Smart-city Venture with Gigafactories

05 Dec 2025 CW Team

Positioned as a multi-billion-dollar global programme, the project envisions Gigafactory-scale developments on land parcels of at least 100 acres. Each township is expected to be completed within 18 months and will incorporate advanced automation, renewable-energy systems, and circular-economy production models. The plan aligns with the international shift towards clean-energy ecosystems and high-tech industrial clusters.

Under the partnership, the SRAM & MRAM Group will provide technological expertise, global partnerships and offtake arrangements, including collaborations with Tesla Group and related entities. It will also support the venture in securing government grants and credit facilities across participating countries. Samko Renewable Energy will oversee financing coordination, land acquisition, operational planning and working-capital management.

Dr Sailesh L Hiranandani, chairman of the SRAM & MRAM Group, said the collaboration with Samko and TESLA Group a.s. is expected to drive advances in renewable energy and biotechnology, while creating employment and strengthening technological capabilities. Nanda Bhagi, president of TESLA Group Global, noted that the alliance will extend beyond energy storage to include manufacturing and energy-storage facilities across multiple international locations, with immediate focus on Tamil Nadu and the UK. He added that the project aims to establish a self-sustaining township model built around Gigafactories and modern urban amenities.

Industry figure Sampath Kumar Mallaya has been involved in finalising the project sites in Tamil Nadu and the UK, marking India’s first integrated smart-city programme with a Gigafactory at its core under the Nikola Tesla branding. Vaidyanathan, CEO of Samko Holdings, played a key role in developing Samko’s technology stack and strengthening its strategic partnership with SRAM for the project’s execution.

News source: Prop News Time

"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."

Samko Renewable Energy, a subsidiary of Samko Holdings UK, and SRAM & MRAM Projects of the SRAM & MRAM Group have formed a joint venture, Samko SRAM & MRAM BESS, to spearhead the Nikola Tesla Smart City Project. The initiative aims to develop integrated manufacturing townships that will feature Gigafactories, commercial towers, retail complexes, leisure zones, and resort-style infrastructure. The first cluster is planned for Tamil Nadu, with a parallel rollout in the United Kingdom.Positioned as a multi-billion-dollar global programme, the project envisions Gigafactory-scale developments on land parcels of at least 100 acres. Each township is expected to be completed within 18 months and will incorporate advanced automation, renewable-energy systems, and circular-economy production models. The plan aligns with the international shift towards clean-energy ecosystems and high-tech industrial clusters.Under the partnership, the SRAM & MRAM Group will provide technological expertise, global partnerships and offtake arrangements, including collaborations with Tesla Group and related entities. It will also support the venture in securing government grants and credit facilities across participating countries. Samko Renewable Energy will oversee financing coordination, land acquisition, operational planning and working-capital management.Dr Sailesh L Hiranandani, chairman of the SRAM & MRAM Group, said the collaboration with Samko and TESLA Group a.s. is expected to drive advances in renewable energy and biotechnology, while creating employment and strengthening technological capabilities. Nanda Bhagi, president of TESLA Group Global, noted that the alliance will extend beyond energy storage to include manufacturing and energy-storage facilities across multiple international locations, with immediate focus on Tamil Nadu and the UK. He added that the project aims to establish a self-sustaining township model built around Gigafactories and modern urban amenities.Industry figure Sampath Kumar Mallaya has been involved in finalising the project sites in Tamil Nadu and the UK, marking India’s first integrated smart-city programme with a Gigafactory at its core under the Nikola Tesla branding. Vaidyanathan, CEO of Samko Holdings, played a key role in developing Samko’s technology stack and strengthening its strategic partnership with SRAM for the project’s execution.News source: Prop News Time

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..