The joint project near the Zeeland refinery is expected to be commissioned in 2029, and the one that will supply the Antwerp plant should start operating by the end of 2027
The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities
The JV is composed of a 51 per cent shareholding of DEC Infra and 49 per cent stake of HG Infra, the latter told exchanges on Thursday
Index providers are witnessing a surge in healthy competition, innovation
Regional carrier Star Air on Monday said it is looking to enter into the aircraft MRO business in a joint venture for line and major maintenance to cater to the regional and business jets fleet. The Bangalore-based airline, which this month completed six years of its operations, also said it is aiming to have 14 aircraft in its fleet by March this year besides expanding the network to over 100 flights. Founded in 2019 by the Kolhapur-headquartered diversified group Sanjay Ghodawat Group with business interest in sectors such as energy, aviation, consumer products, retail, real estate and textiles, among others, Star Air has a fleet of nine Embraer aircraft, operating 44 flights per day to 23 domestic destinations. The proposed MRO facility, the land for which is being identified, will run under a subsidiary engineering company, Star Air said, adding it will support line and major maintenance dedicated to regional aircraft and business jets. The company, however, did not share speci
Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company
Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has raised Rs 1,700 crore under its new real estate fund for making investments in office assets across major cities in India. The NCW is a Joint Venture (JV) between wealth management firm Nuvama Asset Management and global real estate consultant Cushman & Wakefield. In a statement on Thursday, the JV firm announced the first close of its Prime Offices Fund (PRIME). The fund achieved a corpus of around Rs 1,700 crore, it added. The Fund aims to offer investment opportunities to investors in the Indian commercial real estate sector. The Fund will focus on Grade A+ offices across key micro-markets in India's top six cities --?Bengaluru, NCR, Pune, Mumbai, Chennai, and Hyderabad. The Fund targets investments across a portfolio of new developments, as well as completed and leased assets and has already built a robust deal pipeline for deployment. Anshu Kapoor, President & Head, Nuvama Asset Management said, "We have been
The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"
Under this JV agreement, Daikin India will hold a majority share
According to sources privy to the deal, Dixon has a capacity to make 40 million smart phones per annum and it is assembling around 30 million phones this year
State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd. The two parties have launched MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra. According to a regulatory filing, the MNGEPL was incorporated on November 25, 2024, as a 50:50 joint venture of NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC Ltd and Maharashtra State Power Generation Company Ltd (MAHAGENCO), a Government of Maharashtra owned company. The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added. The NGEL has subscribed 50,000 equity shares at the face value of Rs 10 each.
The DPE in a notification said it has been done to make the process easy and less time consuming
The RTAs will have equal ownership in the JV
JVC will contribute significantly to India's renewable energy landscape, drive innovation and foster environmental stewardship
JSW Group and Posco have signed an agreement to set up a steel plant with an initial capacity of 5 mtpa in India
The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it's "actively considering an exit" from the ventures, according to a statement from Bajaj on Tuesday
Disney and Reliance in February agreed a $8.5 billion merger of their media assets to create India's biggest entertainment company, with both together having 120 TV channels and two streaming apps
Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51 per cent stake in the JV that owns the Mothercare brand and related intellectual property
Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel's leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. The JVC with its registered office in Delhi shall be the single point of contact (SPOC) for extending long-term product support to the Medium Range Surface-to-Air Missile (MRSAM) systems of India's defence forces, Bengaluru-headquartered BEL said in a statement on Thursday. "The partnership marks another significant step in cementing the relationship between the two companies that have a long history of association for strategic programmes. BEL and IAI are collaborating on several joint programmes for the Tri-services," it said. BEL said the JVC has been set up to provide life cycle support, both technical and maintenance related, for MRSAM air-defence systems of the country. MRSAM is an advanced, ...
The JV will include sharing of costs, technologies, and vehicle platforms but will not include sedans, SUVs, and premium brands like Audi, Porsche, and Lamborghini sold by Volkswagen and Skoda