INOXGFL Signs Rs 170 Billion Renewable Energy MoUs

30 Jan 2026 CW Team

INOXGFL Group has signed three memorandums of understanding worth Rs 170 billion with the governments of Uttar Pradesh, Assam and Kerala to invest in India’s renewable energy sector, strengthening its role in the country’s clean energy transition.

The agreements were signed on the sidelines of the World Economic Forum summit in Davos, highlighting growing interest among Indian conglomerates in expanding renewable power generation and domestic manufacturing capacity.

Under the proposed investments, INOXGFL Group plans to develop solar power projects, establish solar cell and module manufacturing facilities, and set up solar module testing laboratories across the three states. Of the total proposed investment, Rs 105 billion has been committed through an agreement with the Uttar Pradesh government, while the remaining Rs 65 billion will be allocated across Assam and Kerala.

The company said the investments align with India’s broader strategy to scale up renewable energy capacity, strengthen domestic manufacturing and reduce dependence on imports across the clean energy value chain.

Headquartered in Noida, INOXGFL Group operates across a diversified portfolio spanning battery materials, wind and solar manufacturing, renewable power generation, fluoropolymers and fluorochemicals. The latest MoUs are expected to support state-level renewable energy objectives while contributing to national targets for clean power expansion and energy security.

The proposed projects are also expected to generate employment and strengthen local supply chains, as states intensify efforts to attract long-term capital into renewable infrastructure and manufacturing.

Real Estate

02 Feb 2026

Union Budge: Infra-Led Urban Shift

The Union Budget FY27 reinforces infrastructure-led urbanisation as the backbone of India’s real estate and housing growth. Higher public capital expenditure, City Economic Regions, risk-mitigation mechanisms and REIT-led asset monetisation are being widely viewed as long-term enablers, even as the industry continues to seek sharper supply-side reforms and affordability-focused measures. Here are a few industry insights:Dr Niranjan Hiranandani, Chairman, NAREDCO & Hiranandani Group“The Union Budget 2026-27 is growth-oriented and stability-focused, supporting consumption and aiming to s..

Budget 2026 Charts Path for Infrastructure-Led, Tech-Driven Growth

The Union Budget 2026–27 signals strong continuity in India’s macroeconomic strategy, anchored in elevated public capital expenditure, fiscal discipline, and a sharper focus on manufacturing, infrastructure, and regional development. With capital outlay pegged at ₹12.2 lakh crore and a fiscal deficit target of around 4.3 per cent, the Budget balances growth ambition with stability, offering long-term visibility to investors and project developers.A dominant theme is the centrality of infrastructure as a multiplier for economic expansion. Public capex now accounts for over 3.3 per cent of..

Tata Power Arm Crosses 10 GW EPC Milestone

Tata Power Renewable Energy Ltd (TPREL) has achieved a major milestone by executing 10 gigawatts of engineering, procurement and construction (EPC) renewable energy projects to date, reinforcing its position in India’s clean energy infrastructure sector. According to the company, the executed portfolio comprises 4.2 gigawatts of in-house projects and 5.8 gigawatts of third-party projects. Of the total 10 gigawatts commissioned so far, 9.7 gigawatts are solar projects and 290 megawatts are wind projects. In the first nine months of FY26, TPREL commissioned 1.88 gigawatts of EPC renewable en..