Newsmakers

01 Sep 2024 CW Team

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.

Equipment

23 Dec 2025

Combilift’s 100,000th forklift raises €100,000 for UNICEF

Combilift has marked a major manufacturing milestone by turning its 100,000th forklift into a global fundraising initiative, raising €100,000 for UNICEF to support children affected by conflict and natural disasters.To celebrate the production landmark, Combilift launched its largest-ever worldwide competition, offering the exclusive 100,000th multidirectional Combi-CBE “Golden Forklift” as the top prize. The campaign generated €56,500 in ticket sales, with the company topping up the amount to reach a total donation of €100,000, all contributed to UNICEF Ireland’s Children’s Emer..

Real Estate

23 Dec 2025

Modon forms JV to develop Harborside 4 in Jersey City

Modon Holding PSC has announced a joint venture with Related Companies and Panepinto Properties to deliver Harborside 4, a 54-storey luxury residential tower on a prime waterfront site in downtown Jersey City. Modon will hold a majority equity stake in the project.Designed by Handel Architects, Harborside 4 will comprise around 800 luxury rental apartments and condominiums, with completion targeted for Q1 2029. Approximately 75 per cent of the homes will be retained as rental units to generate recurring income, while the remaining 25 per cent will be offered for sale. Construction is scheduled..

Resources

23 Dec 2025

Public transport central to Delhi’s growth: Tokhan Sahu

Public transport must become the primary mode of urban mobility in Delhi, Union Minister of State for Housing and Urban Affairs Tokhan Sahu said at the Delhi Developers Meet 3.0, hosted by the NAREDCO Delhi Chapter, as per news reports.Addressing the seminar on sustainable redevelopment and transit-oriented development (TOD), Sahu underscored the need for multimodal transport, improved last-mile connectivity and planning homes closer to workplaces to curb private vehicle dependence and address air quality concerns. He added that development must balance economic growth with environmental prote..