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Newsmakers
ECONOMY & POLICY

Newsmakers

Bolstering India’s Net Zero Journey
Anil Sardana, Managing Director, Adani Energy Solutions (AESL), helms the company which acquired the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, which solidifies its status as the country's largest private-sector transmission player. The company will invest `40.91 billion to build the 298 km transmission line, which will help evacuate 7 GW of renewable energy from the world's largest renewable energy park. The project includes development of a transmission line with a transformation capacity of 4,500 MVA. The Khavda renewable energy park, the largest of its kind globally with a planned generation capacity of 30 GW, will play a significant role in advancing India's decarbonisation efforts. This investment will establish the critical transmission network required to evacuate the planned 30 GW of green power that Khavda will generate and also provide the much-needed grid stability. This network will play a very important role in the flow of green energy to the grid and bolster India's net zero journey. 

Plan (T) Growth
Arvind Nanda, Managing Director, Interarch Building Products, heads the company, a leading player in the Pre-Engineered Building (PEB) industry, which invested over `950 million for its fifth PEB manufacturing plant (fourth fully integrated unit) in Nellore District, Andhra Pradesh and also made an initial public offering [IPO] of equity shares aggregating to `6,000 million. The investment for phase 1 will increase the company’s installed capacity by 20,000 million tonne [MT] per annum. The manufacturing facility has capabilities to manufacture pre-engineered steel (PEB) structures, metal roofing and cladding systems. It will contribute significantly to the region's growth with the highest standards of efficiency and quality. The company is not only expanding production capacity but also creating new employment opportunities. Phase 1 of the plant, built at an investment of `400 million generated job opportunities for about 250 people. Phase 2 will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 0.2 million MT per annum and will create jobs for about 500 people.

Ipo Winner
K Subramanian, Vice Chairman, AFCONS Infrastructure, heads the flagship construction firm of the Shapoorji Pallonji group, which received a green light from SEBI for its `70 billion initial public offer (IPO). The bulk of the issue, to the tune of Rs.57.5 billion, is through an offer for sale by Goswami Infratech, while the company itself is raising `12.5 billion through a fresh issue of shares. The company filed the draft papers in March this year. Of the total proceeds from the fresh issue, `1.5 billion will be used for capital expenditure to buy construction equipment, `3.5 billion for funding long-term working capital, `5 billion for prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by it and general corporate purposes. Afconsâ€� order book increased at a CAGR of 7.6 per cent from `262 billion in FY21 to `304 billion in FY23. It operates across five major infrastructure verticals, marine and industrial, surface transport, urban infrastructure, hydro, oil and gas. 

Bolstering India’s Net Zero JourneyAnil Sardana, Managing Director, Adani Energy Solutions (AESL), helms the company which acquired the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, which solidifies its status as the country's largest private-sector transmission player. The company will invest `40.91 billion to build the 298 km transmission line, which will help evacuate 7 GW of renewable energy from the world's largest renewable energy park. The project includes development of a transmission line with a transformation capacity of 4,500 MVA. The Khavda renewable energy park, the largest of its kind globally with a planned generation capacity of 30 GW, will play a significant role in advancing India's decarbonisation efforts. This investment will establish the critical transmission network required to evacuate the planned 30 GW of green power that Khavda will generate and also provide the much-needed grid stability. This network will play a very important role in the flow of green energy to the grid and bolster India's net zero journey. Plan (T) GrowthArvind Nanda, Managing Director, Interarch Building Products, heads the company, a leading player in the Pre-Engineered Building (PEB) industry, which invested over `950 million for its fifth PEB manufacturing plant (fourth fully integrated unit) in Nellore District, Andhra Pradesh and also made an initial public offering [IPO] of equity shares aggregating to `6,000 million. The investment for phase 1 will increase the company’s installed capacity by 20,000 million tonne [MT] per annum. The manufacturing facility has capabilities to manufacture pre-engineered steel (PEB) structures, metal roofing and cladding systems. It will contribute significantly to the region's growth with the highest standards of efficiency and quality. The company is not only expanding production capacity but also creating new employment opportunities. Phase 1 of the plant, built at an investment of `400 million generated job opportunities for about 250 people. Phase 2 will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 0.2 million MT per annum and will create jobs for about 500 people.Ipo WinnerK Subramanian, Vice Chairman, AFCONS Infrastructure, heads the flagship construction firm of the Shapoorji Pallonji group, which received a green light from SEBI for its `70 billion initial public offer (IPO). The bulk of the issue, to the tune of Rs.57.5 billion, is through an offer for sale by Goswami Infratech, while the company itself is raising `12.5 billion through a fresh issue of shares. The company filed the draft papers in March this year. Of the total proceeds from the fresh issue, `1.5 billion will be used for capital expenditure to buy construction equipment, `3.5 billion for funding long-term working capital, `5 billion for prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by it and general corporate purposes. Afconsâ€� order book increased at a CAGR of 7.6 per cent from `262 billion in FY21 to `304 billion in FY23. It operates across five major infrastructure verticals, marine and industrial, surface transport, urban infrastructure, hydro, oil and gas. 

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Real Estate

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases—teaser, engagement, and launch. The campaign spotlighted the brand’s renewed commitment to designing homes that go beyond function to foster ..

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Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25�26

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TOTO’s NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..

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