Suzlon Secures A 100.8 MW Order For The 3 MW Series From A Leading Global Utility

·         To supply 32 wind turbines with a rated capacity of 3.15 MW each

·         Project with a total installed capacity of 100.8 MW to be completed in Gujarat

·        Electricity generated from the project will be supplied to Gujarat Urja Vikas Nigam Ltd. (GUVNL)

·        A project of this size can provide electricity to ~77 thousand households and curb ~3.02 lakh tonnes of CO2 emissions every year

Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 100.8 MW wind power project for a leading global utility company. Suzlon will install 32 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. The project is located in Gujarat.  

Suzlon will execute the project with a scope of supply, supervision, and commissioning. Additionally, Suzlon will also undertake post-commissioning operation and maintenance services.

Girish Tanti, Vice Chairman, Suzlon Group said, "We are delighted to partner with a leading global utility as our esteemed customer on this project. This order is in line with Suzlon’s reputation for world-class wind energy solutions enabling industry leading companies from across the globe to trust us with their wind energy projects.  The power generated from this project will serve the people of Gujarat with clean, green, renewable power. As India's ambitions to be carbon neutral take momentum we are committed to partnering with all stakeholders every step of the way. The Suzlon 3 MW series is the next stage evolution of our proven technology, customized for the Indian wind regime and 3.15 MW is one of the largest wind turbines in the country today."

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “We are delighted to announce our first order with the leading global utility backed by an established global track record in renewable energy. This order is a testament to the quality and reliability of our technology and service solutions. Suzlon is committed to serve our customers and the nation with our proven technology, extensive experience, and service excellence in India. Together with our customers and our valued partners, we will continue to push the boundaries of what is possible and drive meaningful progress towards a cleaner, greener, and more prosperous tomorrow for all.”

Suzlon turbines are manufactured in the country through a thriving domestic ecosystem, which is a testimony to our contribution to the vision of an “Aatmanirbhar Bharat”. Suzlon’s R&D efforts are continuously geared towards increasing turbine performance, harnessing more energy from low wind sites, and lowering the cost of energy.Top of Form

About The Suzlon Group

The Suzlon Group is one of the leading renewable energy solutions providers in the world with ~20.3 GW* of wind energy capacity installed across 17 countries. Headquartered at Suzlon One Earth in Pune, India; the Group comprises of Suzlon Energy Limited (NSE: SUZLON & BSE: 532667) and its subsidiaries. A vertically integrated organisation, with in-house research and development (R&D) centers in Germany, the Netherlands, Denmark and India, Suzlon’s world-class manufacturing facilities are spread across 14 locations in India. With over 28 years of operational track record, the Group has a diverse workforce of over 6,000 employees. Suzlon is also India’s No. 1 wind energy service company with the largest service portfolio of over 14.3 GW of wind energy assets. The Group has ~6 GW of installed capacity outside India. Suzlon offers a comprehensive product portfolio led by the 2 MW and 3 MW series of wind turbines.

 *Global installations of Suzlon manufactured wind turbine generators. Data as on 30th September 2023.

BMW Group Introduces The Retail.Next Experience In Indian Market

A new corporate identity concept for dealerships to offer ultimate sales and service experience and integration of all brands.

Immersive retail concept transforming customer experience to the next level: modern architecture, appealing design and engaging digitalisation.

First Retail.Next Dealership now open in Agra.

#BMWIndia #SheerDrivingPleasure #Retail.NEXT

Agra. BMW Group has introduced the innovative Retail.Next concept for its dealership in India.

Retail.Next is a holistic and progressive approach focussed on customer-centricity, flexibility, sustainability, and best in class premium experience. The holistic approach is not only based on new design but also focussed on new processes, digital tools and roles. The foundation is based on a seamless phygital (physical and digital) engagement which puts customers and products at the centre stage. The retail experience reflects the iconic status of BMW in a renewed design and floorplan layout that creates an easy, warm and welcoming premium atmosphere at dealerships. Sales and Service has premium overall appearance including one entrance, one floor under one ceiling.

The first Retail.Next dealership is now open in Agra. The Speed Motorwagen dealership is located at 607, Mauja Artoni, NH2, Agra,Uttar Pradesh, India.

Mr. Vikram Pawah, President, BMW Group India said, “At BMW we are always elevating the luxury experience for our customers. Each time they step into a BMW dealership, they step into a unique world with which they have an instant connection. It is modern, progressive and luxurious in the true sense. With Retail.Next Dealership concepts we have reimagined our customer-centric approach blending phygital innovation with modern aesthetics and engaging environment. We are delighted to bring the first Retail.Next dealership in the country to Agra with our trusted partner - Speed Motorwagen and will continue to introduce more Retail.Next dealerships across the country.” 

Mr. Divij Narain, Dealer Principal, Speed Motorwagen said, “Speed Motorwagen’s partnership with BMW Group India has flourished over the years and we are very proud of the growth we have achieved. With thriving business operations in Uttar Pradesh, launching the first Retail.Next dealership in Agra heralds a new chapter of success in our story. We thank BMW Group India for this opportunity and are excited to offer unrivalled services and luxurious experiences to BMW customers in the region.”

The dealership is headed by Mr. Divij Narain, Dealer Principal, Speed Motorwagen. Speed Motorwagen also represents BMW Group India with sales and service facilities in Uttar Pradesh (Lucknow, Kanpur).

The Retail.Next dealership facility delivers extremely high-quality standards in all processes of Service, Spare-parts and Business Systems to ensure that customers receive best-in-class pre and post sales ownership experience.

The dealership has a three-car display zone, lifestyle and accessories and workshop with three service bays. The dealership also offers attractive financial solutions through BMW Financial Services India. Customers can avail attractive finance and insurance options for the products of their choice.

Embassy Group Champions Eco-Friendly Operations, Setting Benchmarks For Sustainable Communities

At Embassy Group, we understand the significance of conserving and protecting our natural environment. We always strive to align our business practices in a way that will help create sustainable communities amidst the rising deprivation of natural resources and the loss of biodiversity. With National Energy Conservation Day around the corner, we aim to raise awareness about energy efficiency and its preservation. Encouraging industrial units, institutions, and establishments to reduce energy consumption is pivotal. This involves advocating a comprehensive approach that extends beyond fundamental measures.

As much as awareness about environmental conservation has increased over the last few years, there is still a long way to go before positive steps show their results. Therefore, Embassy Group has constituted numerous green practices that are creating the benchmark for eco-friendly operations and resulting in progressive change, such as:

Embassy is a proud partner of The Anonymous Indian Charitable Trust’s (TAICT) EcoGram Solid Waste Management project. Initiated in 2016, EcoGram jointly aims to create an ecologically sound replicable model Gram Panchayat in North Bengaluru to propagate sustainable waste, water, and soil management. In 2022, the EcoHub was inaugurated as an integrated solid waste management centre, the project now benefits over 4000 households across all 10 villages.

Further, we have also provided solar panels to our adopted government schools, contributing to the green infrastructure of Bengaluru and Pune.

Embassy Services, the facilities management arm of Embassy Group, has created various green initiatives to assist our corporate partners in accomplishing their environmental goals. Initiatives such as Urban Green, which has yielded 6,000 kg of vegetables a year and helps inspire a love of farming, and the car-pooling initiative in our business parks, Green Rider, set the benchmark for eco-friendly operations.

In the last year, we reused over 16,20,800 KL of treated water for flushing, gardening, and ancillary purposes, resulting in an approximately 45% reduction in raw water consumption in our business parks.

Taking effective steps towards generating green energy, Embassy owns a 100 MW solar field, which has the ability to generate 2 million units a year. The Group is further expanding its solar capacity to reduce carbon-emitting power generation.

As champions of sustainable practices, our agenda is to join hands with other corporates, the government, and NGOs to create a culture of collaboration and corporate sustainability to deepen our collective efforts towards saving our planet. We are poised to continue our endeavours to reduce environmental degradation and embrace greener communities. Every action, no matter how small, contributes to a brighter, more sustainable future for generations to come.

1to1help Appoints Ms Mahua Bisht As The New Chief Executive Officer

~ In her new role, Mahua is spearheading a stronger focus on product innovation and technology for India’s largest EAP service provider ~ 

1to1help, India’s largest Employee Assistance Program (EAP) provider, announced the appointment of Ms Mahua Bisht as the Chief Executive Officer of the company. This move reflects the company's commitment to innovation and technological advancement across its comprehensive suite of offerings. Ms. Bisht's leadership is poised to steer 1to1help towards new heights, reinforcing its position as the pioneer in the industry. 

Mahua has a proven record of accomplishment in the technology and social impact sectors having led teams in dynamic environments across several sectors. She earned her Bachelor's degree in History from Reed College in the US and further advanced her expertise by attaining a Master's in Public Administration (MPA) from Columbia University, New York. Prior to joining 1to1help, Mahua worked as the Chief of Staff of Technology for the Indian subsidiary of Getir and has also led fundraising and partnership efforts at Indus Action. With a diverse range of experiences, Mahua is well positioned to uphold and advance 1to1help’s 22-year legacy of delivering impactful and high-quality Employee Assistance Programmes (EAP) Over this time period, 1to1help has helped over 1000 organizations, delivering 980,000 counselling sessions while addressing over 11,500 suicide risk cases.  

Commenting on this appointment Ms Archana Bisht, Co-Founder and Director, 1to1help.net said, “Amidst a global mental health crisis, the imperative for high-quality mental health support is crucial. Under Mahua’s leadership, 1to1help is poised to address this challenge, steering us towards the future through innovative solutions and tailored offerings. We are optimistic that Mahua will not only uphold the 22-year strong legacy but also drive 1to1help to be the flag bearer of the Employee Assistance Program industry, marking the beginning of an exciting chapter in our journey.”   

Mr. Premkumar Seshadri, (former Executive Chairperson in the HCL Group, and ex Group CEO Apollo Hospitals) who is Chief Mentor and Advisor to the Board at 1to1help said, "Mahua has been keenly involved with the growth and product strategy over the last few years while building strong partnerships with clients. Her passion for building leading-edge solutions and commitment to clinical excellence would position 1to1help.net ahead of its global peers.” 

On her appointment, Mahua says “I am honored to assume the role of CEO. My focus will be to continue to provide the highest levels of care to our users and sponsors as we deepen our impact and broaden our coverage. I want to help move the EAP industry into its mature stage by bringing together our 22 years of experience and learnings with our strong product endeavors. I am eager to contribute to the continued growth and success of 1to1help by aligning our efforts to foster innovation and develop offerings that cater to the evolving needs of both employers and employees.” 

1to1help.net's vision is to change the way organizations approach and prioritize emotional health. They are not advocating for a one-size-fits-all solution but instead focus on tailored interventions for individuals, teams, entire cohorts, and the organization as a whole. Their objective is to create resilient, productive, and nurturing work environments for all.  

This appointment underscores 1to1help’s mission to provide more personalized and accessible care ensuring that individuals receive support to not only cope with stress, sadness, and anxiety but also improve their sense of purpose, satisfaction with life, and overall happiness. 

About 1to1help: 

1to1help is India’s leading Employee Assistance Programme (EAP) service provider, distinguished for its commitment to quality, integrity, and confidentiality.  Established by Archana Bisht and Anil Bisht, the organization leverages over 22 years of experience addressing India's unique stressors.  

Having partnered with over 1000+ companies till date and currently covering 8.8 million individuals, including dependents, 1to1help is dedicated to enhancing institutional well-being through a suite of thoughtfully crafted programs. These initiatives, such as Employee Assistance Programmes, Student Assistance Programmes, 1to1Maternity, are meticulously designed to address unique individual and cohort needs. Boasting the largest pool of expert counsellors (250+) in India, backed by 918,000+ counseling sessions, 1to1help is a trusted global partner of some of the largest global EAP providers, acting as a reliable ally in promoting employee well-being in India.  

For more information  visit: https://1to1help.net/ 

Carlsberg India And WaterAid India Join Forces To Recharge Water In Mysuru

·        Over 34,000 individuals to benefit across 5 Gram Panchayats

·        Over 58,000 m3 water to be conserved in a year

·        Carlsberg Group and WaterAid, globally partner to improving access to safe water, sanitation, and hygiene

Carlsberg India and WaterAid India have launched a three-year water-replenishment program in the water-stressed Nanjangud Block of Mysuru.  The collaborative efforts of Carlsberg and WaterAid are expected to positively impact over 34 thousand individuals across the five Gram Panchayats- Thagadooru, Karya, Devanur, Badanavalu, Nerale.   

Recognizing water as the primary ingredient in beer, Carlsberg is committed to a partnership that aims to replenish the same quantity of water it consumes, back to the local communities and the ecosystem. The program addresses critical aspects such as wetland conservation, source sustainability measures, grey water management, and sustainable agriculture interventions. Beyond tangible water conservation initiatives, the partnership will include awareness campaigns, training programs, and convergence meetings to actively engage key stakeholders within the community.

The Nanjangud Block in Mysuru district, Karnataka, India, grapples with a significant water challenge, given its below-average annual rainfall. Operating within this region, Carlsberg India acknowledges the urgent need to address water conservation.

The collaborative effort also marks the commencement of a global partnership between Carlsberg Group and WaterAid, focusing on a holistic approach to sustainable water management.

Nilesh Patel, Managing Director, Carlsberg India said, " At Carlsberg India, we are committed to achieving zero water waste as part of our Together Towards Zero & Beyond (TTZAB) Program. We are pleased to announce our collaboration with WaterAid to address the scarcity of water in Nanjangud. Together, we aspire to make a lasting impact by implementing sustainable water conservation measures and foster empowerment of the community. This partnership underscores our dedication to make a real difference to build a lasting and sustainable future for all."

“Our partnership with Carlsberg India furthers our common goal of ensuring assured availability of water, especially in water stressed regions in India. WaterAid India’s holistic and participatory approach, steered by communities’ collective commitment and action to conserve water and protect water sources through conservation, ground water recharge measures, greywater management and efficient water use for agriculture will create a more resilient and water-secure future” said VK Madhavan, Chief Executive, WaterAid India.

"We find it truly encouraging to witness Carlsberg, a Danish company, demonstrating a strong commitment to enhancing both ecosystems and communities within its operational areas. This collaborative effort with WaterAid sets a commendable example. We trust that this partnership will serve as inspiration for other businesses to emulate the proactive approach demonstrated by Carlsberg and WaterAid," stated Søren Nørrelund Kannik-Marquardsen, Minister Counsellor, Regional Coordinator South Asia And Head Of Trade & Commercial Affairs New Delhi.

The partnership sets out a holistic programme for sustainable water management in the region, including:

·        Wetland restoration: Ponds and check dams will be restored and improved to enhance storage capacity, channelisation, and native vegetation.

·        Source sustainability measures: Harnessing stormwater to recharge deeper aquifers, ensuring a reliable secondary water source for the communities.

·        Agricultural water efficiency: Promoting precision irrigation techniques to boost crop yields and reduce groundwater dependency.

·        Rainwater harvesting: Rooftop rainwater harvesting will provide a sustainable water source for drinking and domestic use, with excess water recharging aquifers.

·        Water budgeting: These measures will ensure a sustainable water supply and monitor the impact of the programme.

·        Campaigns and training: Awareness campaigns, training programmes, and convergence meetings will engage the community and key stakeholders in water conservation efforts.

Carlsberg India 

Carlsberg India Private Limited (CIPL) commenced its operations in 2007 with the first production in Paonta Sahib, Himachal Pradesh. CIPL focuses on developing and strengthening its brand portfolio through innovation and commitment to superior quality. The product portfolio of the company includes its brands- Carlsberg Smooth, Carlsberg Elephant, Tuborg Green, Tuborg Strong etc. Carlsberg India offers beer for every occasion and for every palate and lifestyle. Our ESG programme, ‘Together Towards Zero and Beyond’ covers our 2030 and 2040 Global Targets on 11 goals including Zero Carbon Footprint, Zero Farming Footprint, Zero Packaging Waste, Zero Waste Water, Zero Irresponsible Drinking and Zero Accidents Culture.

To know more about Carlsberg India, log on to www.carlsbergindia.com   

Working Towards ZERO Water Waste

The Group’s ZERO Water Waste ambition is an area of focus in Carlsberg Group’s Together Towards ZERO and Beyond programme. Global targets are set to achieve industry-leading efficiency in water usage at breweries, and to replenish all the water consumed at breweries that are in areas of high-water risk by 2030. More information on the Group’s ESG approach and performance can be found in its latest ESG Report:

http://www.carlsberggroup.com/reports-downloads/carlsberg-group-2022-esg-report/

WaterAid India

WaterAid India (Jal Seva Charitable Foundation) is a Not-for-Profit organisation registered under Section 8 of the Companies Act of the Government of India. WaterAid India works with community-based institutions to facilitate access to safe and assured drinking water in households, safely managed sanitation facilities, adequate and appropriate WASH infrastructure in schools, anganwadis, healthcare facilities and the promotion of hygiene behaviour change in these institutions.

To find out more, visit: https://www.wateraid.org/in/. 

Infibeam Avenues Ltd Makes Strategic Foray Into Capital Market Tech Space, Picks Up 49% Stake In Pirimid Fintech

Infibeam Avenues Ltd, a listed fintech company, announces its strategic foray into the capital markets and digital lending software market by acquiring a significant 49% equity stake in Pirimid Fintech, investing Rs 25 crore to solidify this strategic partnership. 

This move is in direct response to the surging demand in the thriving global capital markets for cutting-edge secured and zero latency AI backed software to streamline trading, research and investment processes.  Artificial Intelligence (AI) is transforming the capital market, with stockbrokers, mutual funds, corporate treasuries, and investment banks using AI backed trading software for algorithmic trading strategies, which not only boosts performance, accuracy, and returns but also enhances compliance, fraud detection and prevention.

Alongside its established presence in the capital markets technology space, Pirimid Fintech is also making significant strides in the digital lending sector with capabilities around modern loan origination systems, data sourcing and advanced business rule engine (BRE). Leveraging the expertise and technological foundation provided by Infibeam Avenues, Pirimid Fintech is poised to develop innovative digital lending solutions to streamline the lending process, offering faster and more efficient credit disbursement, enhanced customer experience, and improved risk management through advanced data analytics and AI algorithms.

Pirimid Fintech caters to a diverse clientele across global and domestic capital markets. The company specializes in developing customized capital markets and digital lending products, tools, services, and workflows to meet specific client needs. Notable clients include BidFX, a subsidiary of the prestigious Singapore Exchange (SGX), as well as financial institutions like Bank of Baroda and Indian fintech player Lendingkart.

Expressing his enthusiasm, Mr. Nirav Prajapati, CEO, Pirimid Fintech said, “We are very excited about this investment and strategic partnership with Infibeam as they are leaders in digital payments developing cutting-edge AI solutions for financial transactions.  Their expertise in building highly secured and scalable technology frameworks will enhance our capabilities and their proven technology solutions will seamlessly integrate with our robust tech solutions, effectively addressing the rising demand for risk mitigation and enhanced operational safety in online capital market trading & digital lending systems.”

This strategic partnership will integrate Infibeam's digital payments and AI-based frameworks with Pirimid Fintech's capital market trading software for its clients in India and globally. This integration aims to not only improve the performance of Pirimid Fintech's clients but also address and meet regulatory concerns regarding the safety and security of stock market trading. Globally, market regulators are prioritizing trust, security, and risk management in capital markets. As per Juniper Research forecasts the AI-driven financial fraud detection sector to grow from $6.5 billion in 2022 to $10 billion by 2027, marking a substantial 57% increase.

Unlocking Additional Revenue Streams: Infibeam Avenues Seizes Compelling Growth Opportunities.

The strategic investment promises to propel the company not only to new heights in the capital market technology space and positioned itself as a key player in the evolving landscape of capital market technology but will also offers an opportunity to build upon its existing payments and platform business for this new business vertical.

“Pirimid has built a robust product for capital markets stakeholders and this strategic investment opens up a compelling growth opportunity to capitalize on our existing digital payments and platform solutions, by creating a synergy with the Capital market tech products,” said, Mr. Vishal Mehta, Chairman & Managing Director, Infibeam Avenues Ltd.

Infibeam Avenues Ltd, which had processed worth US$54 billion of transaction in FY23, expects to witness an increase in its payment processing business through this strategic investment. The company will plug-in or offer its flagship payment gateway brand – CCAvenue with Pirimid Fintech’s capital market & digital lending tech software products for its end user clients, which would upsurge the payment transaction processing volumes, resulting into revenue increase from Infibeam’s payment business.

Globally, capital market or stock market processes multiple payment transactions per day, much higher than the ecommerce or offline payment channels like POS. According to various market research, the global online trading platform market reached a valuation of $8.9 billion in 2021 and is anticipated to reach $18.4 billion by 2031. This represents a compound annual growth rate (CAGR) of 7.8% from 2022 to 2031.

About Infibeam Avenues Limited:

Infibeam Avenues Ltd. is one of the leading global financial technology (fintech) company offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. The core Payment Gateway (PG) business provides over 200 plus payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies. Infibeam Avenues' enterprise software platform hosts India's largest online marketplace for government procurement. The company processed transaction worth INR 4.5 lac crore (US$ 54 billion) in FY23. Company currently has over 8 million plus clients across digital payments and enterprise software platforms. The company's vast clientele includes merchants, enterprises, corporations, governments and financial institutions in both domestic (India) as well as international markets. Infibeam Avenues' international operations are based in the United Arab Emirates, Kingdom of Saudi Arabia, Australia and the United States of America. We also have business presence in Oman working with three of the largest banks in the country.

For more information on the company, go to, www.ia.ooo and www.ccavenue.com

Essar Signs Three MoUs With Gujarat Govt Totalling Rs 55,000 Crore In Energy Transition, Power, And Ports Sectors

Essar signed three Memorandums of Understanding (MOUs) with the Government of Gujarat for a total investement of Rs 55,000 crore ahead of the Vibrant Gujarat Global Summit 2024.

Essar is in a renewed phase of making stategic investements in the field of Energy Transition, Power and Port sectors in the state. This initiative aims to create over 10,000 job opportunities.

Over the last four decades, Essar has invested more than Rs 1 lakh crore in the Energy, Metals & Mining and Infrastructure sectors in Gujarat.

Gujarat has played a crucial role in Essar's growth story. The company's investments in core industrial projects have enhanced the state's industrial landscape, serving as a case-study for the state's potential as an investment destination.

On the signing of the MoU, Mr. Prashant Ruia, Director at Essar Capital, commented, “Gujarat has consistently been at the forefront of Essar's strategic investments. We are delighted to further contribute to the state's economic progress with an additional investment of Rs 55,000 crore in the Energy & Infrastructure sectors.”

Investment in Energy Transition: Essar has signed an MOU to develop a 1 Gigawatt Green Hydrogen project. This initiative involves an estimated investment of Rs 30,000 crore.

Investment in Power Generation sector: Essar Power has announced an additional investment of Rs 16,000 crore for Phase-II expansion at its Salaya Power Plant.

Investment in the Ports Sector: Essar Ports is set to transform its Salaya port into a logistics hub with an investment of Rs. 10,000 crore.

The signing of these agreements signifies Essar's commitment to continue its contribution to Gujarat's multifaceted growth trajectory.

About Essar

Essar Global Fund Limited (EGFL) is a global investor which invests in building and nurturing world-class assets diversified across the core sectors of Energy (comprising of Energy Transition, Exploration & Production, Refining & Marketing and Power businesses), Infrastructure & Logistics (comprising Ports, Projects and Green Mobility businesses), Metals & Mining (Green Steel project and DRI pellets) and Technology & Retail (comprising Shipping, Oilfield services, Technology Solutions and FnV Retail).

EGFL portfolio companies have aggregate revenues of US$15 billion and employ over 7,000 people. Its investments are managed by Essar Capital that monitors the entire portfolio of investments owned by EGFL.