GMR Group Secures Rs 20 Bn Funding for Expansion

26 Jul 2024 CW Team

GMR Group, a prominent player in the infrastructure sector, has successfully secured ?20 billion in funding to propel its ongoing and upcoming projects. This significant financial boost is aimed at enhancing the group's infrastructure capabilities and expanding its operational footprint.

The funds are earmarked for various high-priority projects across the group?s diversified portfolio, which includes airports, energy, and infrastructure development. This strategic infusion of capital is expected to accelerate project timelines and enhance overall efficiency in operations.

The financial support comes from a mix of institutional investors and financial institutions, reflecting strong confidence in GMR Group's growth prospects and its strategic vision for future expansion. The funding will be utilised to complete several critical phases of infrastructure development, which are vital for sustaining the group's competitive edge in the market.

With this new capital, GMR Group plans to advance its key projects, including major airport expansions and energy initiatives. This aligns with the company's long-term strategy of scaling its infrastructure capabilities and strengthening its market presence.

The successful acquisition of ?20 billion underscores the robust financial health of GMR Group and its ability to attract substantial investment for its ambitious plans. It also highlights the group's commitment to driving infrastructure development and contributing to regional economic growth through its expansive projects.

Infrastructure Energy

29 Aug 2025

SAEL Commissions 298 MW Solar Project in Rajasthan’s Jalore District

SAEL Industries, an integrated renewable energy company, has commissioned a 200 MW (AC) / 298 MW (DC) solar power project in Rajasthan’s Jalore district through its subsidiary Sunfree Energy RJP1.Spread across more than 1,000 acres, the project was commissioned on 17 August 2025 ahead of its Scheduled Commercial Operation Date (SCOD). A 25-year Power Purchase Agreement (PPA) was signed with Rajasthan Urja Vikas and IT Services Ltd. (RUVITL) on 20 February 2024 at a tariff of Rs 2.61 per kWh.The plant utilises advanced TOPCon solar PV modules featuring 146-cell and 156-cell configurations wit..

India Adds 18 GW of Solar in First Half of 2025

India commissioned 18 GW of solar projects in the first half of 2025, marking a 31 per cent increase from the same period in 2024, according to Mercom India Research’s latest Q2 2025 India Solar Market Update. Large-scale additions rose 20 per cent year on year, up from 12.6 GW in H1 2024.The surge was attributed to regulatory deadlines, with developers rushing to achieve partial commissioning before June 2025 to qualify for a full waiver on interstate transmission charges. Rising demand from distribution companies for round-the-clock renewable power also supported the growth.Of the 18 GW ad..

India’s Wind Energy Capacity to Reach 107 GW by 2030: GWEC

India’s wind energy capacity is projected to rise to 107 GW by 2030, exceeding the government’s 100 GW target, according to a report released by the Global Wind Energy Council (GWEC).The report, Wind at the Core: Driving India’s Green Ambitions and International Influence, was launched in the presence of New & Renewable Energy Secretary Santosh Kumar Sarangi. It projects that India’s current installed wind capacity of 51 GW could more than double by 2030, aligned with state-level Resource Adequacy Plans (RAP). Independent studies by NREL, IEA, WRI and Lawrence Berkeley National Lab..