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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Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

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Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

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Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

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