Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Mahindra Group plans to invest ₹12 billion in India to build 150 MW of hybrid solar and wind energy plants. Mahindra Susten, the group's renewable energy unit, will develop the projects, with the Ontario Teachers' Pension Plan Board, one of Canada's largest pension funds, serving as a strategic partner.
Mahindra & Mahindra, opens new tab, will also pay $4.8 million for a 26% interest in its solar power-generating subsidiary, Gelos Solren, bringing the total investment to roughly $150 million.
India is currently attempting to increase its non-fossil capacity, including solar and wind energy, to 500 GW by 2030 after failing to meet its objective of 175 GW of renewable power by 2022.
The Mahindra Group aims to adopt 100% renewable energy by 2030. Wind power was used for nearly two-thirds of Mahindra & Mahindra's power needs, according to its 2022-23 annual report.
Also Read : L&T bags order from ONGC for offshore gas compressor project Reliance Industries reports ₹17,265 crore net profit in Q3 FY24
Oil India Limited (OIL) and Guwahati Municipal Corporation (GMC) have entered into a Memorandum of U...
Large Corporate 22-Jan-2024
Steel bridge construction has begun near Chakk Jidan village. Main highway lane is under demolition...
Construction 15-Apr-2025
India's JK Lakshmi Cement expressed a 69% surge in third-quarter profit on healthy demand and higher...
Construction 09-Feb-2024
The Centre gave its permission for declaring the southern portion of the Regional Ring Road (RRR) he...
Announcement 21-Feb-2024
In line with the principles of PM GatiShakti National Master Plan for providing multi-model connecti...
Press Releases 02-Feb-2024
· SSAB accelerates fossil-free steel production to lead sustainable transformation. &m...
Business 07-Apr-2025