FICCI, MAHAPREIT Sign MoU to Promote RE in Maharashtra

10 Dec 2024 CW Team

FICCI and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have signed a Memorandum of Understanding (MoU) to collaborate on renewable energy, decarbonization, energy efficiency, and environmental compliance across Maharashtra. The partnership aims to promote sustainability and clean energy solutions within the state.

The collaboration will focus on advancing renewable energy projects, supporting industries in adopting decarbonization strategies, improving energy efficiency in large-scale industries and SMEs, and ensuring compliance with environmental regulations as per government policies.

Dinesh Joshi, Co-Chairman of FICCI Maharashtra State Council, highlighted the importance of this partnership in supporting Maharashtra鈥檚 sustainable development goals. Bipin Shrimali, Managing Director of MAHAPREIT, noted that this collaboration will address climate change concerns and assist in the state's renewable energy transition.

The MoU also aims to aggregate demand across various sectors, providing affordable sustainability solutions to MSMEs and contributing to Maharashtra鈥檚 goal of achieving net carbon neutrality.

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..