SPIC Group Eyes Rs.19 Bn Expansion

10 Jan 2024 CW Team

The SPIC Group of companies has unveiled an ambitious Rs.19 billion expansion plan, signalling its intent to invest in both domestic and overseas markets.

The substantial investment is earmarked for various growth initiatives, including M&A transactions, technology upgrades, and capacity enhancements. The group's focus on both domestic and global markets underscores its commitment to tapping into emerging opportunities and expanding its footprint on a global scale.

SPIC's exploration of M&A opportunities aligns with its vision of strategic growth and market leadership. The company aims to leverage these investments to fortify its position in the industry, enhance operational capabilities, and capitalise on evolving market dynamics.

The proposed expansion plan involves a mix of equity and debt financing, with plans to raise additional debt in the future. This financial strategy indicates SPIC's confidence in its growth prospects and its ability to secure the necessary resources to fund its expansion initiatives.

As SPIC Group positions itself for substantial growth, industry observers will be closely monitoring the developments surrounding its M&A activities and expansion endeavours. The investment plan not only signifies SPIC's commitment to innovation and market leadership but also highlights its proactive approach in navigating the complexities of both domestic and international business landscapes.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..