Newsmakers
ECONOMY & POLICY

Newsmakers

Aggressive Expansion

Gautam Adani, Founder and Chairman, Adani Group, heads the company which is set to invest Rs 280 billion in Bihar, focusing on energy, cement, food processing, and logistics to drive development and job creation.

At the Bihar Business Connect 2024 summit, Pranav Adani, Director of Adani Enterprises Ltd, announced plans to establish an ultra-supercritical thermal power plant with a Rs 200 billion investment. While specific details on capacity and location remain undisclosed, the plant is expected to generate 1,980 MW, helping address Bihar’s energy deficit of 1,600 MW and supporting power needs in neighbouring states.
This initiative is projected to generate 12,000 jobs during the pre-commissioning phase and 1,500 skilled positions during operations, further boosting Bihar's economic landscape.

Clean Energy Future
Praveer Sinha, CEO and MD, Tata Power heads the company that has unveiled plans to invest Rs 1,200 billion in Rajasthan’s clean energy future, focusing on rooftop solar, electric vehicle charging infrastructure, and large-scale renewable energy projects. CEO and MD, Praveer Sinha, emphasised that the investment will contribute to making Rajasthan a power-surplus state, furthering India's goal of net-zero carbon emissions by 2070. With Rs 750billion allocated for solar, wind, and hybrid projects across Bikaner, Jaisalmer, and Jodhpur, the initiatives will generate 28,000 jobs and provide round-the-clock, clean, affordable power, bolstering the state’s leadership in renewable energy.


Gaurav Pandey, MD & CEO of Godrej Properties, leads the company which is planning the transformation of Nargis Dutt Nagar, Bandra’s largest slum settlement, into a premium residential address in partnership with Roshni Developers. The project will feature 3-4 BHK sea-facing apartments and provide housing for 1,515 families in the rehab component, with an estimated revenue potential of Rs 100 billion.

Godrej Properties is advancing its growth strategy through key land acquisitions, redevelopment projects, and fundraising efforts. Recently, the company acquired a 53-acre land parcel in Joka, Kolkata, offering a development potential of 1.3 million sq ft for residential plotted development, expected to generate Rs 5 billion in revenue. Additionally, to fuel its expansion plans, the company launched a qualified institutional placement (QIP) to raise Rs 60 billion, further strengthening its position in high-demand markets across India.

Aggressive ExpansionGautam Adani, Founder and Chairman, Adani Group, heads the company which is set to invest Rs 280 billion in Bihar, focusing on energy, cement, food processing, and logistics to drive development and job creation.At the Bihar Business Connect 2024 summit, Pranav Adani, Director of Adani Enterprises Ltd, announced plans to establish an ultra-supercritical thermal power plant with a Rs 200 billion investment. While specific details on capacity and location remain undisclosed, the plant is expected to generate 1,980 MW, helping address Bihar’s energy deficit of 1,600 MW and supporting power needs in neighbouring states.This initiative is projected to generate 12,000 jobs during the pre-commissioning phase and 1,500 skilled positions during operations, further boosting Bihar's economic landscape.Clean Energy FuturePraveer Sinha, CEO and MD, Tata Power heads the company that has unveiled plans to invest Rs 1,200 billion in Rajasthan’s clean energy future, focusing on rooftop solar, electric vehicle charging infrastructure, and large-scale renewable energy projects. CEO and MD, Praveer Sinha, emphasised that the investment will contribute to making Rajasthan a power-surplus state, furthering India's goal of net-zero carbon emissions by 2070. With Rs 750billion allocated for solar, wind, and hybrid projects across Bikaner, Jaisalmer, and Jodhpur, the initiatives will generate 28,000 jobs and provide round-the-clock, clean, affordable power, bolstering the state’s leadership in renewable energy.Gaurav Pandey, MD & CEO of Godrej Properties, leads the company which is planning the transformation of Nargis Dutt Nagar, Bandra’s largest slum settlement, into a premium residential address in partnership with Roshni Developers. The project will feature 3-4 BHK sea-facing apartments and provide housing for 1,515 families in the rehab component, with an estimated revenue potential of Rs 100 billion.Godrej Properties is advancing its growth strategy through key land acquisitions, redevelopment projects, and fundraising efforts. Recently, the company acquired a 53-acre land parcel in Joka, Kolkata, offering a development potential of 1.3 million sq ft for residential plotted development, expected to generate Rs 5 billion in revenue. Additionally, to fuel its expansion plans, the company launched a qualified institutional placement (QIP) to raise Rs 60 billion, further strengthening its position in high-demand markets across India.

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Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

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Real Estate

Brigade acquires Velachery land for Rs 16-billion project

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Equipment

Liebherr marks 10,000th XPower wheel loader milestone

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