+
Two Malaysian cos to invest Rs 32k cr in Karnataka
POWER & RENEWABLE ENERGY

Two Malaysian cos to invest Rs 32k cr in Karnataka

The Karnataka Government signed MoUs with the Malaysia-based Petronas Hydrogen, and Continental Automotive Components (India) for a total investment of Rs 32,000 crore in the presence of Chief Minister Basavaraj Bommai.

Additional Chief Secretary in the department of Commerce and Industries EV Ramana Reddy signed the MoUs with Petronas Hydrogen CEO Adlan Ahmaad and Continental Automotive CEO Prashant Doreswamy. The Chief Minister assured the two companies of all cooperation and urged the companies to implement the projects within the time frame.

Petronas has committed to invest Rs 31,200 crore to set up a renewable energy plant in Mangaluru. It will add about 3,000 jobs.

Continental Automotive will invest about Rs 1000 crore in an R & D centre, which is expected to add about 6000 jobs. The company is engaged in automotive software development and mobility technology development. The proposed investment is towards the expansion of its Technical Center India (TCI).

The State Government had, recently, signed an MoU with ReNew Power Company at Davos for an investment of Rs 50,000 crore in the renewable energy sector. The state has also signed an MoU with ACME Cleantech Solutions for setting up Hydrogen and Ammonia production plants in Mangaluru with an associated solar power unit at an investment of Rs 52,000 crore.

Also read:
Ten steps by NITI Aayog to make India a green hydrogen hub
JSW Steel to invest Rs 100 billion to increase use of renewable energy


The Karnataka Government signed MoUs with the Malaysia-based Petronas Hydrogen, and Continental Automotive Components (India) for a total investment of Rs 32,000 crore in the presence of Chief Minister Basavaraj Bommai. Additional Chief Secretary in the department of Commerce and Industries EV Ramana Reddy signed the MoUs with Petronas Hydrogen CEO Adlan Ahmaad and Continental Automotive CEO Prashant Doreswamy. The Chief Minister assured the two companies of all cooperation and urged the companies to implement the projects within the time frame. Petronas has committed to invest Rs 31,200 crore to set up a renewable energy plant in Mangaluru. It will add about 3,000 jobs. Continental Automotive will invest about Rs 1000 crore in an R & D centre, which is expected to add about 6000 jobs. The company is engaged in automotive software development and mobility technology development. The proposed investment is towards the expansion of its Technical Center India (TCI). The State Government had, recently, signed an MoU with ReNew Power Company at Davos for an investment of Rs 50,000 crore in the renewable energy sector. The state has also signed an MoU with ACME Cleantech Solutions for setting up Hydrogen and Ammonia production plants in Mangaluru with an associated solar power unit at an investment of Rs 52,000 crore. Also read: Ten steps by NITI Aayog to make India a green hydrogen hubJSW Steel to invest Rs 100 billion to increase use of renewable energy

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?