Maharashtra signs MoUs with 25 firms worth Rs 61k cr

24 Dec 2020 CW Team

The Maharashtra Government recently signed memorandums of understanding (MoUs) with 25 national firms to bring investment worth Rs 61,042 crore in the state, estimated to create about 2.53 lakh job opportunities.

The companies are largely from steel manufacturing, IT parks, logistics, chemicals, renewable energy, and battery manufacturing industries.

The state has managed to attract an investment of Rs 1 lakh crore during this year. It was a target set by the Chief Minister (CM) Uddhav Thackeray. During November, the state government signed MoUs worth Rs 34, 850 crore with over 15 national and international firms. Earlier this year, MoUs worth Rs 16,300 crore were signed by the state government with 12 major companies while inaugurating Magnetic Maharashtra 2.0, the second phase of a global investors’ summit held in February 2018.

The largest investment deal was signed with JSW Steel, which is looking to expand its existing plant at Dolvi, located in Raigad district, and reach a capacity of 14 million tonnes per annum at an investment of Rs 20,000 crore.

Kirtikumar Steel Udyog, another steel manufacturer, has proposed a Rs 7,000 crore plant at Wada, Thane. Additionally, Indian Corporation Logistics intends to invest Rs 11,049 crore in Bhiwandi, Thane. Whereas, Inspira Infra Limited would invest Rs 7,500 crore at a plant-based in Aurangabad.

Exide batteries would invest Rs 500 crore in a plant in Phaltan, Satara.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..