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Newsmakers
POWER & RENEWABLE ENERGY

Newsmakers

Solar Solution
Sushil Sharma, Chairman and Managing Director (CMD), SJVN, heads the company which commissioned the largest floating solar project in central and north India and the biggest solar park in India, generating 90 MW energy at Omkareshwar in Madhya Pradesh. The floating solar project, at a cost of Rs.6.46 billion, was developed under the Ministry of Renewable Energy. The project is executed by SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN. On commissioning of the project, the total installed capacity of SJVN has increased to 2,466.50 MW. The project is likely to generate 196.5 million units of electricity in the first year and 4,629.3 million units in 25 years. After commissioning, the project will reduce carbon emissions by 0.23 million tonnes and contribute significantly to the government’s mission of achieving net zero carbon emissions by 2070. The project, on the backwaters of Omkareshwar dam, will also help in water conservation by reducing water evaporation.

Fuelling Growth
Bhavana Bindra, Managing Director, India, Middle East and Africa (IMEA), heads Lubrizol, a global leader in specialty chemicals, which signed an Memorandum of Understanding [MoU] to purchase a 120-acre plot in Aurangabad, where it plans to construct a manufacturing facility to support the region’s transportation and industrial fluid markets. The initial phase of the project represents a projected investment of about $200 million - the company’s largest ever in India. The plant will become the company’s second-largest manufacturing facility globally and its largest manufacturing facility in India when completed. In 2023, Lubrizol announced its most significant investment in its over 50-year history in the region in the form of a USD 150 million pledge. That investment supports the construction of the world’s largest CPVC resin plant in Vilayat, Gujarat, the doubling of capacity at Lubrizol’s site in Dahej, Gujarat, opening of a grease lab in Navi Mumbai and additional in-country job growth and innovation. Lubrizol is
a global supplier of chemical additive technologies.

My Way – The Eway
Anilkumar Gaikwad, Vice Chairman and Managing Director, Maharashtra State Road Development Corporation (MSRDC) heads the organisation that contemplates completion of India's largest Greenfield route alignment project and Maharashtra's longest expressway [Mumbai-Nagpur eway or Hinduhrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg by the end of September 2024. While the 625 km stretch [of the 701 km long e-way] is operational till Igatpuri, once the 76 km stretch between Igatpuri and Amane (Bhiwandi) is complete, the entire eway will be ready for operations.
It was completed within record time and 625 km was made operational in March 2024. This Rs.553.35 billion transformative project will improve connectivity and boost economic growth in Maharashtra. It will connect 10 districts, 26 talukas and 392 villages with 400 vehicular underpasses, 65 flyovers, 24 interchanges and six tunnels, including the longest one in Maharashtra. 

Solar SolutionSushil Sharma, Chairman and Managing Director (CMD), SJVN, heads the company which commissioned the largest floating solar project in central and north India and the biggest solar park in India, generating 90 MW energy at Omkareshwar in Madhya Pradesh. The floating solar project, at a cost of Rs.6.46 billion, was developed under the Ministry of Renewable Energy. The project is executed by SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN. On commissioning of the project, the total installed capacity of SJVN has increased to 2,466.50 MW. The project is likely to generate 196.5 million units of electricity in the first year and 4,629.3 million units in 25 years. After commissioning, the project will reduce carbon emissions by 0.23 million tonnes and contribute significantly to the government’s mission of achieving net zero carbon emissions by 2070. The project, on the backwaters of Omkareshwar dam, will also help in water conservation by reducing water evaporation.Fuelling GrowthBhavana Bindra, Managing Director, India, Middle East and Africa (IMEA), heads Lubrizol, a global leader in specialty chemicals, which signed an Memorandum of Understanding [MoU] to purchase a 120-acre plot in Aurangabad, where it plans to construct a manufacturing facility to support the region’s transportation and industrial fluid markets. The initial phase of the project represents a projected investment of about $200 million - the company’s largest ever in India. The plant will become the company’s second-largest manufacturing facility globally and its largest manufacturing facility in India when completed. In 2023, Lubrizol announced its most significant investment in its over 50-year history in the region in the form of a USD 150 million pledge. That investment supports the construction of the world’s largest CPVC resin plant in Vilayat, Gujarat, the doubling of capacity at Lubrizol’s site in Dahej, Gujarat, opening of a grease lab in Navi Mumbai and additional in-country job growth and innovation. Lubrizol isa global supplier of chemical additive technologies.My Way – The EwayAnilkumar Gaikwad, Vice Chairman and Managing Director, Maharashtra State Road Development Corporation (MSRDC) heads the organisation that contemplates completion of India's largest Greenfield route alignment project and Maharashtra's longest expressway [Mumbai-Nagpur eway or Hinduhrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg by the end of September 2024. While the 625 km stretch [of the 701 km long e-way] is operational till Igatpuri, once the 76 km stretch between Igatpuri and Amane (Bhiwandi) is complete, the entire eway will be ready for operations.It was completed within record time and 625 km was made operational in March 2024. This Rs.553.35 billion transformative project will improve connectivity and boost economic growth in Maharashtra. It will connect 10 districts, 26 talukas and 392 villages with 400 vehicular underpasses, 65 flyovers, 24 interchanges and six tunnels, including the longest one in Maharashtra. 

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Resources

Hisense Opens First India Manufacturing Plant at Sri City

Hisense has inaugurated its first manufacturing facility in India at Sri City, Andhra Pradesh, through a joint venture with Epack Manufacturing Technologies Private Limited, a wholly owned subsidiary of Epack Durable Limited.The 10-acre facility, developed with an investment exceeding USD 30 million, is located within Epack Durable’s industrial park at Sri City and will commence commercial production from February 2026. Once fully operational, the plant will manufacture Room Air Conditioners (RACs) exclusively for Hisense India, accounting for 100 per cent of the brand’s domestic RAC outpu..

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Real Estate

Superb Realty Launches Altura, Focuses on IAQ-Led Office Design

Superb Realty has launched Superb Altura, a mixed-use Grade A commercial development at Amar Mahal junction in the Chembur–Ghatkopar corridor, positioning indoor air quality and intelligent building systems at the centre of its design strategy amid rising pollution levels in Mumbai.The development reflects a shift in office real estate priorities, where occupiers increasingly evaluate how buildings manage health, energy efficiency and operational resilience in high-pollution urban environments. Altura integrates advanced systems that continuously monitor and optimise indoor environments, cov..

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Infrastructure Transport

CPCL Tops NHAI’s First DPR Consultant Ranking

Chaitanya Projects Consultancy (CPCL) has secured the top position in the National Highways Authority of India’s first-ever provisional DPR consultants rating, achieving a score of 80.75 out of 100. The ranking places CPCL ahead of 55 peer firms, including Pentacle Consultants (78), L&T Infrastructure Engineering (76), MSV International Technology (74), and Transys Consulting (72).The rankings, released in the fourth week of January 2026, mark NHAI’s first structured and transparent evaluation of DPR consultants to improve quality standards under Bharatmala and other national highway p..

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