NAREDCO Maharashtra Donates Rs 31.2 million to CM’s Relief Fund

30 Oct 2025 CW Team

The National Real Estate Development Council (NAREDCO) Maharashtra has contributed Rs 31.2 million to the Chief Minister’s Relief Fund to support relief and rehabilitation efforts for farmers affected by the recent floods across Maharashtra. Of this, Pune members donated Rs 10 million, while Mumbai MMR members contributed Rs 21.2 million.

The floods severely impacted districts including Kolhapur, Sangli, Satara, Nashik, Raigad, and Ratnagiri, damaging farmland, homes, and livelihoods. NAREDCO Maharashtra’s contribution, made collectively by around 20 members, aims to help restore livelihoods, rebuild homes, and provide essential support to affected families.

Prashant Sharma, President, NAREDCO Maharashtra, said: “Maharashtra’s farmers — our revered Annadata — are the backbone of our state’s economy, providing sustenance and strength to millions. The recent floods have not only damaged crops and farmland but also shaken the spirit of countless families. Through our humble contribution to the Chief Minister’s Relief Fund, we wish to stand shoulder-to-shoulder with our farmers and support the government’s tireless efforts in ensuring relief, rehabilitation, and recovery.”

He added, “This initiative is a reflection of our collective gratitude to the community that feeds the nation. We sincerely hope that our contribution helps bring some relief and hope to those whose livelihoods have been most affected.”

Over the years, NAREDCO Maharashtra has actively supported disaster relief and community welfare initiatives, reaffirming its belief that progress lies in uplifting both urban and rural communities. The organisation also pledged continued support as the state government carries forward its large-scale relief operations for nearly 40 lakh flood-affected farmers.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..