JSW Steel to invest over Rs 50,000-cr in green steel
16 April 2025
JSW Steel Chairman and Managing Director Sajjan Jindal announced that the company will invest Rs 50,000–60,000 crore over the next three to four years to set up 10 million tonne per annum (MTPA) of green steel capacity near Mumbai. The investment is part of a brownfield expansion at its plant located in Salav in Raigad district of Maharashtra.
This move comes in response to a European mandate on green steel, which is pushing global producers to adopt more sustainable practices. The company had earlier announced plans to increase Salav plant’s green steel capacity to four MTPA in phases. The broader vision is for JSW Steel to become the largest steel producer in the world, scaling from its current 34.2 MTPA to a future target of 100 MTPA.
Odisha plans 1,000 MW floating solar projects to harness reservoir potential
15 April 2025
Odisha government plans to undertake floating solar power projects with a cumulative generation capacity of around 1,000 MW, leveraging its large and medium reservoirs. The initiative is part of the state’s broader goal of achieving 10 GW of renewable energy capacity by 2030, with 7.5 GW expected to come from solar sources alone.
An inter-departmental reservoir committee, established to explore and facilitate the development of floating solar energy, has already convened three times to drive timely execution.The committee has initiated the finalisation of integrated GIS maps for key reservoirs – Hirakud, Rengali, and Upper Indravati, while also exploring suitable locations at Upper Kolab and Balimela for project implementation. In an earlier phase, the state had engaged consultants to conduct feasibility studies for approx. 51 medium reservoirs, laying the groundwork for future expansion of floating solar capacity.
Jupiter International secures Rs 500-cr investment from ValueQuest for solar expansion
14 April 2025
Jupiter International, a prominent manufacturer of photovoltaic solar cells and provider of solar power solutions, has secured a Rs 500 crore investment from ValueQuest SCALE Fund and its affiliates. This marks ValueQuest’s second round of investment in the Kolkata-based company, reinforcing its confidence in Jupiter’s growth trajectory in the solar energy sector.
Previously, in July 2024, Jupiter had received an investment of Rs 300 crore led by the same fund. The fresh capital infusion will support the company’s capital expenditure programme and bolster its expansion plans in solar cell and module manufacturing. Currently operating a one GW facility in Baddi, Himachal Pradesh, Jupiter aims to scale its production capacity to 5.6 GW of solar cells and 2.4 GW of solar modules.
Centre grants nod for Chennai’s second airport at Parandur
11 April 2025
The Centre has granted in-principle approval for the greenfield airport at Parandur, paving the way for Tamil Nadu to initiate the tendering process for Chennai’s second airport.
Located approx. 42 km from Chennai’s existing Meenambakkam airport, the Parandur airport will span 2,172.72 hectares. It is set to feature two parallel runways and three midfield terminal buildings, with infrastructure designed for Code 4F aircraft and aligned with future global aviation standards. Phase I will cover a terminal area of 3,51,380 sq. mtrs. The airport is to be developed in phases, with Phase I estimated to cost Rs 11,445 crore out of a total project value of Rs 27,400 crore.
The Tamil Nadu Industrial Development Corporation (TIDCO) had submitted the application for in-principle approval in September 2024. The proposal underwent a thorough seven-month review process, involving detailed clarifications and technical queries, before receiving clearance.
NHSRCL announces contract award for Thane depot construction
17 Jan 2025
The National High-Speed Rail Corporation Limited (NHSRCL) has announced the award of a contract for the construction of the Thane depot for the Mumbai-Ahmedabad bullet train project. The contract, awarded on January 17, 2025, involves the design, construction, and commissioning of the depot, which will serve as a critical maintenance facility for the bullet train fleet. This contract marking a significant milestone in the development of India’s first high-speed rail project.
RPP Infra Projects receives LoA for Water Project
5 March 2025
RPP Infra Projects Ltd, engaged in infrastructure development, said it has received a letter of acceptance (LoA) for a new contract worth ₹80.98 crore, including GST, from the Chennai Metropolitan Water Supply and Sewerage Board.
The project involves improving water supply infrastructure under the Vada Chennai Valarchi Thittam initiative in TN. The scope of work includes constructing underground water tanks, setting up water distribution stations, laying feeder mains, replacing PVC water mains and strengthening water infrastructure across multiple depots in areas IV and V
GHV Infra Projects hits record high after bagging Rs 1,060 crore order
26 March 2025
GHV Infra Projects announced that it has received work order worth Rs 1,060 crore from GHV (India) for construction of elevated roads and bridges.
The project encompasses design engineering, procurement, and construction of elevated viaducts, a road on stilts over mangroves and mandatory span bridges in the state of Maharashtra.
The total value of the project is Rs 1,060 crore and it is expected to be completed within 48 months.
GHV Infra Projects, also known as Sindu Valley Technologies, is engaged in the business of providing auxiliary services.
Ashoka Buildcon emerges as lowest bidder for Rs 569-crore railway project
16 April 2025
The project involves gauge conversion work along the 53.3-km stretch between Pachora and Jamner in Maharashtra. The scope includes construction of earthwork, major and minor bridges, road under bridges (RUBs), permanent way (P-Way) work, and other civil works—excluding Pachora Yard and road over bridges.
The execution timeline for the project is 30 months.
This marks the second major order win in just over a month for the construction engineering firm. On March 10, Ashoka Buildcon announced that it had secured a Letter of Acceptance from Maharashtra State Electricity Transmission Co Ltd (MSETCL) for a turnkey substation and transmission line project valued at Rs 311.92 crore, including GST.
Ladhani Group, India’s largest Coca-Cola bottler, plans to invest Rs 11K cr over 5 years.
The Group will invest primarily in SLMG Beverages, its flagship company for expansion focusing on Uttar Pradesh and Bihar, with Rs 8,000 crore allocated for new units and potential franchising in India and abroad. SLMG Beverages is ranked among Coca-Cola’s top 15 global bottlers.
The company is investing Rs 1,200 crore in a new plant in Buxar, Bihar, with another Rs 1,500 crore planned for a similar facility. Additionally, existing bottling plants in Lucknow, Amethi, Bareilly, and Ayodhya will undergo expansion to meet rising demand.
Beyond beverages, Ladhani Group plans to invest Rs 3,000 crore in its hospitality segment, aiming to double its hotel room capacity.
HCCB sells its North Gujarat bottling operations to KGB
Hindustan Coca-Cola Beverages (HCCB) has sold its North Gujarat bottling operations to Kandhari Global Beverages for approx. Rs 2,000 crore. The move aligns with HCCB’s asset-light strategy, which has seen the company divest bottling operations in Rajasthan, Bihar, West Bengal, and the Northeast during FY24.
The transfer remains subject to regulatory approvals. HCCB highlighted that the decision ensures the right level of investment while enhancing scale and business continuity.
The company stated that it has “synergised, restructured, and consolidated” operations in eastern and central India through bottling business divestments. Meanwhile, HCCB invested Rs 1,963 crore in FY24 to expand its manufacturing capacity nationwide
NCC Limited receives infrastructure development contract worth ₹2,129 Cr
20 March 2025
NCC Limited, a leading Indian infrastructure company, has received a major contract for infrastructure development worth ₹2,129.60 crore. The contract, awarded on March 20, 2025, involves the construction of various infrastructure facilities, including roads, bridges, and buildings. NCC Limited will be responsible for designing, building, and delivering the project, which is expected to be completed within a specified timeframe. This contract win is a significant milestone for NCC Limited, reinforcing its position as a major player in India’s infrastructure development sector.
Hindustan Copper aims to earn Rs 2,400 cr over 20 years from J’khand mines
23 March 2025
Hindustan Copper Limited, a leading Indian copper producer, has set ambitious targets to earn Rs 2,400 crore over the next 20 years from its mines in Jharkhand. The company plans to achieve this goal by increasing copper production, improving operational efficiency, and exploring new mining opportunities. Hindustan Copper’s mines in Jharkhand are expected to play a crucial role in meeting India’s growing demand for copper, which is driven by the country’s expanding infrastructure, industrial, and consumer sectors.