Varun Jaipuria buys a farmhouse at Delhi’s Westend Green for Rs 1.2 bn
Real Estate

Varun Jaipuria buys a farmhouse at Delhi’s Westend Green for Rs 1.2 bn

Varun Jaipuria, whole-time director at Varun Beverages has bought a sprawling 2.5-acre farmhouse at Delhi’s Westend Green for Rs 1.2 billion. The registry for the transaction took place on June 20, making it one of the biggest transactions in terms of value in Delhi. More people are looking at farmhouses amid the restrictions due to COVID-19. After being stuck at home during the lockdowns, wealthy businessmen and executives are looking for large homes. The property belonged to jewellers Manoj Kumar Samdaria.

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Varun Jaipuria, whole-time director at Varun Beverages has bought a sprawling 2.5-acre farmhouse at Delhi’s Westend Green for Rs 1.2 billion. The registry for the transaction took place on June 20, making it one of the biggest transactions in terms of value in Delhi. More people are looking at farmhouses amid the restrictions due to COVID-19. After being stuck at home during the lockdowns, wealthy businessmen and executives are looking for large homes. The property belonged to jewellers Manoj Kumar Samdaria.

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Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

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Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

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Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

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