Maharashtra bags investment proposals worth Rs 390 billion

03 May 2019 CW Team

The Maharashtra Government has reportedly received investment proposals worth Rs 390 billion in steel, paper and electric vehicle sectors.

Posco, the global steel major, is expected to invest Rs 250 billion in order to expand its business in phases, while Asia Pulp and Paper, Sinar Mas Group from Indonesia will reportedly develop a greenfield project worth Rs 110 billion.

CSEPEL Holding Nyrt has proposed to enter into the electric vehicle segment by investing Rs 30 billion. These companies are reportedly exploring the acquisition of land around Panvel and Mangaon areas in Raigad district of Maharashtra, considering its vicinity near Jawaharlal Nehru Port and the upcoming Navi Mumbai international airport.

Reports suggest that Posco will be needing another 2,000 acre in order to carry out its expansion, while 1,500 acre for Asia Pulp and Paper, Sinar Mas Group and 200 acre for CSEPEL Holding Nyrt. Posco, at present, has its production facility in Vile-Bhagad, MIDC Industrial Area of Mangaon taluka in Raigad district. These proposals are under the active consideration of the MIDC. The investment by these three companies is expected to create at least 5,000 jobs.

That said, these investors are reportedly preferring Maharashtra as an investment destination especially in view of better infrastructure, package scheme of incentives under the Goods and Services Tax regime, hassle free clearance system, transport and power connectivity. Also the Maharashtra Government had recently released a new industrial policy, that hopes to attract investment of Rs 10 trillion in the next five years.

In March, Maharashtra had reportedly received two mega investment proposals worth Rs 260 billion in the paper and pulp and the gems and jewellery segments. Also, Nine Dragon Paper (Holdings), the Chinese major, is expected to invest Rs 120 billion in phases to produce and recycle paper with the first phase to be commissioned by March 2022. The Gems and Jewellery Export Council has laid a foundation stone for a gems and jewellery park in Navi Mumbai. The park is expected to host small, medium and large-scale enterprises along with some mega units in order to attract investments to the tune of Rs 140 billion.

The Maharashtra Government has reportedly received investment proposals worth Rs 390 billion in steel, paper and electric vehicle sectors.Posco, the global steel major, is expected to invest Rs 250 billion in order to expand its business in phases, while Asia Pulp and Paper, Sinar Mas Group from Indonesia will reportedly develop a greenfield project worth Rs 110 billion. CSEPEL Holding Nyrt has proposed to enter into the electric vehicle segment by investing Rs 30 billion. These companies are reportedly exploring the acquisition of land around Panvel and Mangaon areas in Raigad district of Maharashtra, considering its vicinity near Jawaharlal Nehru Port and the upcoming Navi Mumbai international airport.Reports suggest that Posco will be needing another 2,000 acre in order to carry out its expansion, while 1,500 acre for Asia Pulp and Paper, Sinar Mas Group and 200 acre for CSEPEL Holding Nyrt. Posco, at present, has its production facility in Vile-Bhagad, MIDC Industrial Area of Mangaon taluka in Raigad district. These proposals are under the active consideration of the MIDC. The investment by these three companies is expected to create at least 5,000 jobs.That said, these investors are reportedly preferring Maharashtra as an investment destination especially in view of better infrastructure, package scheme of incentives under the Goods and Services Tax regime, hassle free clearance system, transport and power connectivity. Also the Maharashtra Government had recently released a new industrial policy, that hopes to attract investment of Rs 10 trillion in the next five years.In March, Maharashtra had reportedly received two mega investment proposals worth Rs 260 billion in the paper and pulp and the gems and jewellery segments. Also, Nine Dragon Paper (Holdings), the Chinese major, is expected to invest Rs 120 billion in phases to produce and recycle paper with the first phase to be commissioned by March 2022. The Gems and Jewellery Export Council has laid a foundation stone for a gems and jewellery park in Navi Mumbai. The park is expected to host small, medium and large-scale enterprises along with some mega units in order to attract investments to the tune of Rs 140 billion.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..