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

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

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..