DVC Eyes Rs 200 Bn Investment to Expand Solar Capacity to 4000 MW by 2030

10 Jul 2024 CW Team

Damodar Valley Corporation (DVC) has announced plans to invest Rs 20,000 crore to significantly increase its solar power installed capacity to 4000 megawatts (MW) by 2030. This ambitious expansion aims to bolster DVC's renewable energy portfolio and contribute to India's clean energy goals. The investment will focus on developing new solar power projects across various locations, leveraging DVC's existing infrastructure and expertise in power generation. The corporation plans to implement advanced solar technologies and enhance operational efficiencies to maximise energy output and sustainability. DVC's initiative aligns with India's renewable energy targets, emphasising the importance of scaling up solar power capacity to meet growing electricity demands sustainably. The expanded solar capacity is expected to play a crucial role in reducing carbon emissions, enhancing energy security, and promoting environmental sustainability.

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..