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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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Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

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Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

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Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

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