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Rajnath Singh clears 250 MW solar-BESS project on defence land; NTPC to execute
Defence Minister Rajnath Singh has approved a 250 MW solar power project with battery storage on vacant defence land in Uttar Pradesh, marking the Ministry of Defence's first large-scale renewable energy initiative of its kind.
STT Global acquires 3.5-acre land parcel in Navi Mumbai for Rs 282 crore
STT Global Data Centres India has bought a 3.48-acre industrial property in Navi Mumbai's Mahape for Rs 282 crore. This strategic acquisition supports the growing demand for digital infrastructure. The site in the TTC Industrial Area offers access to power and connectivity.
India's data centre capacity could hit upper end of 5-8 GW target by 2030; Adani, Reliance best placed, says Bernstein
India’s data centre capacity could expand to the upper end of the projected 5-8 GW range by 2030 from about 1.5 GW currently, according to Bernstein. The brokerage sees Adani Group and Reliance Industries as best positioned to benefit, citing their access to land, power infrastructure and transmission networks.
Tata Motors rethinks its premium EV playbook
Tata Motors has revamped its premium EV brand, Avinya, by shifting from its original platform plans to leveraging partnerships and ready-made architectures. This strategic pivot aims to accelerate the launch of its luxury EVs, with the first model slated for a 2027 India rollout, utilizing the Freelander platform from Chery Jaguar Land Rover.
Tata Advanced Systems adds military upgrades to Jaguar Land Rover vehicles: N Chandrasekaran
In the realm of automotive innovation, Tata Advanced Systems is enhancing the Jaguar Land Rover lineup with futuristic features. On a parallel track, the company is establishing a contemporary defence MRO facility in the vicinity of Bengaluru that will cater to the heavy maintenance needs of transport aircraft. TASL is also highlighting its self-developed loitering munitions and protective armoured solutions.
Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDV
Suraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This strategic acquisition is expected to boost the company's commercial footprint in South Central Mumbai, adding approximately 1.50 lakh sq ft of saleable area with an estimated gross development value of Rs 800 crore.
Two real estate stocks trade mixed after acquiring land in Mumbai, Greater Noida
Godrej Properties won the auction for a residential land parcel in Greater Noida, while Suraj Estate Developers's wholly-owned subsidiary acquired development rights of a prime land parcel in Mahim West, Mumbai.
Stellantis plays down European scope for JLR and Tata partnerships
Stellantis Europe chief Emanuele Cappellano revealed no immediate plans to extend recent partnerships with Jaguar Land Rover and Tata Motors to the European market. While these collaborations are focused on the US and India respectively, Cappellano indicated potential consideration for Europe only if a clear product opportunity arises.
Enviro Infra arm bags Rs 207-cr hybrid renewable EPC contract
Enviro Infra Engineers announced that its step-down subsidiary Suyog Urja (SUL) has secured a Rs 207.47 crore contract for land aggregation and balance of plant (BoP) works for a hybrid renewable energy project.
SC junks plea against green nod for Adani MP project
The Supreme Court has dismissed a petition challenging forest land diversion for an Adani group coal mining project in Singrauli, Madhya Pradesh. The court also rejected a plea against the Madhya Pradesh government's approval. An activist had sought to declare the area an eco-sensitive zone, citing its importance as an elephant corridor and a biodiverse forest.
SC orders status quo in Bharat Hotels-The LaLit licence dispute with NDMC
Bharat Hotels has received temporary relief from the Supreme Court. The company is in a dispute with the New Delhi Municipal Council over land for The LaLit hotel. The Supreme Court has issued a notice to the civic body. Both sides must maintain the status quo on the licence deed termination. This prevents any immediate change in property possession.
Jaguar Land Rover shrinks board, shifts operational power to executive committee
Jaguar Land Rover has cut its board from 11 members to three and shifted operational control to a 13-member executive committee under CEO P.B. Balaji as Tata Motors pushes a turnaround amid falling sales, weak profits, cyberattack costs and pressure from its EV transition.