Godrej & Boyce Partners With Renmakch To Develop A 'Make-In-India’ Value Chain For Indian Railways

~Leverages global technology from Europe and Japan to promote indigenous development

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Tooling has partnered with Renmakch, to collaborate on Machinery & Plant (M&P) projects for Railways and Metro Rail, offering world-class equipment that is ‘Made in India’. With this alliance, Godrej & Boyce will now be able to offer a complete value chain ranging from design to build for the Railways and also bid on larger projects. The Company has been a trusted partner of the Indian Railways for over 15 years.

Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment. The collaboration will introduce the latest technology for the Rail industry from Europe and other developed countries and indigenize it for India.

With the Indian Railways announcing their plans to invest in new generation trains such as Vande Bharat and subsequently new workshops and depots, Godrej & Boyce aims to harness this opportunity by offering a turnkey solution to the Indian Railways. This will not just fuel India’s self-reliance but also improve the speed, quality, and safety of railway and metro coaches during maintenance. The Company expects to acquire a 20-30% market share in this sector over the next 5 years.

Speaking on the occasion, Pankaj Abhyankar, Senior Vice President & Business Head, Godrej Tooling, said, "With India’s commitment to introduce new generation trains such as Vande Bharat, we are happy to partner with Renmakch to contribute in the strengthening of the railway network across the nation.  By utilizing our collective strengths and together introducing global technology from Europe and Japan, we aim to promote the indigenization of products and offer turnkey solutions for major M&P investments in modern technologies. This collaboration will contribute to improving the speed, quality, and safety of railway and metro coaches during maintenance. We look forward to a long and fruitful association with Renmakch on many important public projects for the Indian Railways and Metro Rail."

Godrej Tooling and Renmakch will have a ten-year-strong partnership. The association will contribute to the 'Make in India' and 'Atmanirbhar Bharat' initiatives by developing depot equipment, which is an import substitute. Godrej Tooling supplies jigs & fixtures, automation solutions, and workshop equipment for Railway workshops & Metro depots.

Rs 4,000 Crore (US$ 525 Million) Worth Capital Infusion Into Tata Power Renewable Energy Limited Gets Completed

- Investment to fund the growth of India’s most comprehensive renewable energy platform set up by the Company in 2022

Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated renewable energy companies and a subsidiary of The Tata Power Company Limited (Tata Power), has received the second and final round of investment of ? 2,000 crore from GreenForest New Energies Bidco Limited (GreenForest) and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at face value of ? 100 each at par aggregating to ? 2,000 crore on a preferential basis to GreenForest.

Subsequent to this second tranche, TPREL has now received ? 4,000 crore of investment pursuant to the binding agreement signed on 14th April 2022 between Tata Power, TPREL and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala) within the targeted timelines. GreenForest holds 6.06% equity in TPREL and on conversion of the above CCPS, will hold 9.76% to 11.43% equity stake in TPREL, subject to the equity valuation on final conversion.

The equity infusion will fund India most comprehensive, renewal energy platform, consisting of five distinct businesses delivering long-term, customer-oriented solutions. TPREL houses all renewable energy businesses of Tata Power including those in: Utility Scale Solar, Wind & Hybrid Generation assets; Solar Cell & Module Manufacturing; Engineering, Procurement and Construction (EPC) contracting; Rooftop Solar infrastructure; Solar Pumps and Electric Vehicle Charging infrastructure.

The completion of this equity infusion will fund TPREL's aggressive growth plans. Over the next five years, it aims to achieve a portfolio of over 20 GW of renewables assets and a market leading position.

"Tata Power Renewables with its broad and deep portfolio of next-generation renewables businesses is well poised to further solidify its position as an industry leader. The completion of ? 4,000 crore (~US$ 525 million) worth capital infusion into our renewables business will fuel the next level of growth and help us play a pivotal role in India’s efforts to secure greater energy stability through low carbon solutions for a sustainable future.” said Dr Praveer Sinha, CEO and MD, Tata Power.

India is one of the world’s largest renewable energy markets and has recorded the fastest growing renewable energy supply with over 60% new capacity added over the past four years. Its installed renewables capacity is expected to grow from 175 GW currently to 500 GW by 2030, to satisfy India’s local energy demand driven by GDP growth and contribute to the government’s decarbonization ambition, as well as support the macro energy transition trends in the country.  

Tata Power is at the forefront of India’s ambition to secure greater energy stability for its citizens while positioning its economy for a low carbon future.

Toyota Kirloskar Motor Continues Sales Momentum, Records Wholesales of 15,338 units In February 2023

~ Registers a growth of 175% over the corresponding month last year ~

Toyota Kirloskar Motor (TKM) continues to post sales growth as the company today announced that its wholesales stood at 15,338 units for the month of February 2023. The significant gain stood 175% higher over the month of February of last year, where the company had sold 8745 units.

Month of February’ 2023 also saw a 120% growth over the sale achieved in January 2023 where TKM sold 12,835 units. In addition, the company also posted a strong growth of 175% for the months of January-February 2023 as against the corresponding period last year. TKM sold 28,173 units in January-February 2023 as compared to 16,073 units in the January-February 2022.

Speaking on this strong performance Mr. Atul Sood, Vice President, Sales and Strategic Marketing said, “We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023. Leading this growth, are the Urban Cruiser Hyryder and All New Innova Hycross, as we strive to work with our partners to meet the demand. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country. We are confident that the Hilux will entice the customer to Live a Fuller Life, with its varied lifestyle utility offerings, be it personal or business. Other products like the Glanza, the Fortuner and the Legender also continue to thrill the market. 

Furthermore, we are focusing on enhancing our reach in the country to move closer to our customers through the introduction of two new dealerships in the month of February at Surat (Gujarat) and Bhiwandi (Maharashtra). We are confident that they will provide easy access to Toyota products and services, to both existing and prospective customers in the regions.

Looking ahead, we expect to close this quarter on a high note, in comparison to last year. As a customer centric company in constant pursuit to redefine customer experience, we are continually working to meet the market demand effectively.”

Tata Power Renewable Energy And ISS India Join To Promote Clean And Sustainable Energy Solutions

* The MoU aims to create a sustainable lifestyle from design to operations of real estate asset classes

* The partnership will offer Rooftop and Open Access Solutions including EV Charging Points for ISS's India clientele

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power and  one of the most significant renewable energy players in the country, has signed a Memorandum of Understanding (MoU) with ISS Global, a leading workplace experience and facility management company, committing to a common goal of promoting clean and sustainable energy solutions. This collaboration aims to power all the campuses of ISS India with green energy and implement TPREL's green solutions and products to make the sustainable lifestyle accessible to all.

The MoU was signed by Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited and Jacob Aarup-Andersen, Group CEO of ISS A/S, and Aksh Rohatgi, CEO & Country Manager of ISS India. The agreement was presented at a joint business conference, which took place in New Delhi as part of the Danish Royal visit to India.

This strategic collaboration aims at encouraging a cleaner and greener future for India with Tata Power Renewable Energy Limited supplying reliable and cost-effective power through open access and rooftop solutions. It will cover a wide range of facilities, including commercial and industrial properties, data centers, and various real estate asset classes, and support ISS India in converting all its clients’ portfolios to green energy within a stipulated time period.

Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "We, at Tata Power Renewables, are unwavering in our commitment to offering clean energy products and solutions to promote sustainable lifestyle. Through this partnership with ISS India, we look forward to accomplishing our mutual goal of a sustainable future in the expanding facilities management industry. This will also support Tata Power's goal of achieving net zero emissions by 2045."

Additionally, the collaboration will also promote sustainable lifestyles through IoT-based home automation products, allowing the control and operation of electrical devices from anywhere through a mobile app or voice control. The partnership will also provide innovative solar rooftop solutions to maximise savings on energy bills and enable seamless electric mobility through installation and annual maintenance of EV charging points, accessible through a mobile app.

As part of its ESG roadmap, Tata Power is working towards becoming carbon net zero by 2045. The company also aspires to achieve a clean energy portfolio of 80% by 2030 and 100% before 2045 and is committed to becoming 100% water neutral and zero waste to landfill before 2030.

Talking about the partnership, Jacob Aarup-Andersen, Group CEO of ISS A/S said, "At ISS, we recognise the full scope of the ongoing climate and environmental crisis. And we are strongly committed to carrying out our operations and delivering our services in a sustainable way. As one of ISS Group's key markets and an important player in the APAC region, India holds significant potential for addressing the challenge of climate change and advancing sustainable solutions. We are confident that our collaboration with Tata Power will have a meaningful impact and help India achieve its sustainability goals. At the same time it will contribute significantly to ISS’s commitment of reaching full-scope net zero emissions by 2040, including our full supply chain."

Aksh Rohatgi, CEO and Country Manager of ISS India, said, "At ISS India, we are unwavering in our commitment to addressing climate change and driving sustainability. As we work towards a net-zero future, it is essential that we partner with organizations that share our vision and bring complementary strengths to the table. Our collaboration with Tata Power Renewable is a critical part of our sustainability strategy, allowing us to guide our clients towards a more sustainable future and provide them with access to smart, eco-friendly solutions. With Tata Power Renewable's expertise in the energy sector and ISS's experience in providing smart solutions and services in the facility management sector, we are confident that this partnership will not only leverage our collective expertise, resources, and networks to accelerate progress towards a more sustainable future but also it embodies our mission of connecting people and places to make the world a better place."

A crucial part of ISS’s sustainability strategy towards net zero greenhouse gas emissions within scope 1 and 2 by 2030 and full-scope net zero emissions by 2040. ISS's association with Tata Power Renewable demonstrates its dedication to be recognised among the best environmental leaders and a catalyst of real change in its industry.

ISS Facility Services India is a subsidiary of the global facility management services and workplace experiences leader ISS A/S (ISS Group).

About ISS A/S (ISS Group)

ISS is a leading workplace experience and facility management company. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. ISS has more than 350,000 employees around the globe, who we call ‘Placemakers’. In 2022, ISS Group’s global revenue amounted to DKK 76.5 billion For more information on the ISS Group, visit www.issworld.com

About ISS Facility Services (India)

ISS Facility Services India, headquartered in Mumbai, is a subsidiary of the Denmark-based global facility management services and workplace experiences leader ISS A/S (ISS Group). The company started its operations in India in 2005 and today has over 43,400 employees managing more than 180 Mn. Sq. Ft. of area for over 1,000 clients across the country.

ISS’s unique Integrated Facility Services (IFS) model, high standards of compliance and self-delivery, have helped create a huge differentiation in the marketplace. ISS also implements industry-leading IFS solutions to deliver savings, compliance, experiences, strategy innovation, impact, value, and enhanced brand reputation for its customers. Its industry capabilities and customer communities in India focus primarily on three broad areas, including Financial Services, Technology & Professional Services, and Industry & Manufacturing, which also includes Heavy Engineering, Healthcare, Pharma, and FMCG.

About Tata Power Renewable Limited:

Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of 1.2GW at Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. 

As on date, TPREL’s total renewable utility capacity is 6,048 MW including 2,139 MW projects under various stages of implementation and its operational capacity is 3,909 MW, which includes 2,981 MW solar and 928 MW wind. Presently, the company's solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.3 GW of rooftop and distributed ground mounted systems and over 95,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions. www.tatapowersolar.com

Sattva Launches Sattva Bliss At Budigere Cross, Bengaluru

* Located at Budigere Cross, one of the fastest growing suburbs in Bengaluru, the property promises a blissful experience

Sattva Group, one of India’s leading Property Development, Management, and Consulting organizations, today announced the launch of its much-awaited residential project, Sattva Bliss. Strategically located close to Budigere Cross, just off Old Madras Road in the bustling city of Bengaluru, the beautiful homes offer dwellers a blissful experience. As Bengaluru is poised for further growth, which this part of the city has already started experiencing, Budigere Cross has all the prerequisites to become a much sought after residential and commercial destination in the near future.

The project consisting of 1, 2, and 3 BHK apartments will be set on 3.3 acres of land, built on three magnificent towers, offering breathtaking views of the greenery and much more. Additionally, the community has beautiful landscaping, top-notch amenities, and great connectivity. It aims to become the setting for your ideal life, with a calm atmosphere. Sattva Bliss provides everything a family needs to maintain their upscale lifestyle, while remaining in harmony with nature, in order to meet the rise in demand among nature lovers and desire for a low-density lifestyle.

Commenting on the announcement, Ms. Karishmah Siingh, VP – Sales, CRM & Marketing, Sattva Group said, “We want Sattva Bliss to be the ideal option for aspirational property buyers and investors, while also satisfying the demand of active homeseekers. We firmly believe that the location is one of the prominent USPs of the project for it has the potential to become a hub for all-round development, resulting in a high ROI, should one invest in residential assets and earn through rentals.”

These well-packaged units come with unmatched quality and a sustainable outlook, to ensure that the project meets customers’ evolving  needs and our collective responsibility towards nature. With meticulous planning and well-thought-out infrastructure, Sattva Bliss offers unique green features  including  jogging tracks, outdoor gym and a kid’s play area. Making it all the more lucrative are multiple rejuvenation amenities such as Half Basketball Court, Cricket Practice Pitch, Skating Rink, Multipurpose Court, Swimming Pool etc. These amenities aim to provide an indulgent and carefree lifestyle for the residents and at the same time provide families with the ideal mix of living in nature with urban amenities.

About Sattva Group

With 3 decades of expertise, the Sattva Group has grown into one of the most trusted builders in the country today. Headquartered in Bengaluru, India, it is also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore and Goa. The Group will soon be expanding its presence in Mumbai. With 56 million sq.ft spaces completed, 34 million sq.ft under construction and 32 million sq.ft in the planning stage, the Group is one of the most premium builders in India today. The Group’s cutting-edge marquee projects in Hyderabad include: Knowledge City, Knowledge Capital, Knowledge Park and Image Towers (a PPP based model with the Telangana State Government for animation). The Group has also built world class residential projects in Bengaluru like Greenage which offers more than 100 amenities, Exotic, Luxuria, Magnificia and Anugraha, and in the commercial spaces GR Tech Park, Arena, Infinity and Softzone to name a few.  By further expanding into various verticals such as co-working, co-living, education, hotels, facilities management and warehousing, the Group today stands tall as a frontrunner, shaping India’s growth story. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country, renowned for its “A Stable” CRISIL rating for over a decade. 

DNA Women Achievers Awards 2023 To Celebrate The Achievements of Women Champions of India

·       DNA Women Achievers Awards 2023 is one of its kind inaugural event that aims at  celebrating the achievements and rewarding the champions who have risen against all odds

·       IDPL looks forward to acknowledging and enabling women leaders & achievers who have opened up new opportunities for themselves & others

The inaugural DNA Women Achievers Awards 2023 is all set to celebrate and recognize the achievements of women game changers who have been successful in creating a better future through their intelligence, diligence, path-breaking performance, and grit. The upcoming on-ground event will also include panel discussions of women stalwarts across different industries on ‘The role of Indian successful women in boosting Indian economy and elevating the society’ and ‘Is Homemaking the first step towards Entrepreneurship for women?’ and will be held on  3rd March 2023 in Le Meridian, New Delhi.

The Women Achievers Awards 2023 event will be graced by Chief Guest- Darshana Jardosh, Minister of State for Railways and Keynote speaker – BK Shivani. Industry stalwarts like Supriya Paul (Josh Talks), Kanta Singh (Deputy Director-UN Women), Dr Ranjana Kumari(Director, Centre for Social), Maya Vishwakarma(Padwoman) etc will be a part of the panel discussion series at the event.

With the rollout of DNA Women Achievers Awards 2023, the Zee News-DNA team looks forward to rewarding deserving women leaders who have very meticulously turned every challenge into a meaningful opportunity and succeeded in various fields. Women leaders will be recognized under a huge umbrella of prestigious award categories in sectors like Auto, FMCG, Retail, Health, E-commerce, Start-ups, Jewellery etc.

Emphasizing on the key objective of Women Achievers Awards 2023, Mr. Sushant Mohan, CEO, DMCL, highlighted, “Women-led businesses provide a great impetus to the economy. We, at IDPL, look forward to appreciate the efforts and accomplishments of women leaders and entrepreneurs, who have been game changers their respective sectors and hope to inspire many more women to join the league.”

Mr. Shridhar Mishra, CRO, IndiaDotCom Private Digital Limited, further added, “We, at IDPL, look forward identifying the key areas where the women achievers have shone in the dark and overcome the most challenging phases of their career. These awards are not just the recognition for the hard work put in by these women, but a motivation for the larger society to follow the suit.”

The work of the nominees will rigorously be reviewed by an esteemed team of Jury members based on various judging parameters such as Leadership, Accomplishments, and Future Potential etc.

This event will be broadcasted LIVE on the Facebook platforms of Zee News and DNA.

About IndiaDotcom Digital Pvt Ltd: IndiaDotcom Digital Private Limited(A Zee Media Company)is one of India’s leading media technology companies with strong presence in the news, information and entertainment genres. It is India's second largest Digital Entity touching more than 300 million monthly users and owns 30 plus digital properties including India.com, Zee news, Zee Business, Zee Hindustan, WION news, Bollywoodlife.com and more.

Transfer of Renewable Energy Assets From NTPC Limited To NTPC Green Energy Limited

Under the aegis of the National Monetization Pipeline of Govt. of India, NTPC Limited (“NTPC”) completed the closing of the transactions in relation to consolidating its Renewable Energy (“RE”) portfolio under one umbrella entity i.e., NTPC Green Energy Limited (“NGEL”), on February 28, 2023.

This is a transfer of RE assets/ entities owned by NTPC to NGEL, its wholly-owned subsidiary, incorporated on April 07, 2022.

The transactions comprised of transfer of 15 RE Assets, through a Business Transfer Agreement (BTA), and the transfer of 100% equity shareholding of NTPC Renewable Energy Limited (“NREL”), a wholly-owned subsidiary of NTPC, through a Share Purchase Agreement (SPA), executed on July 08, 2022.

This scheme has been implemented as a part of the corporate business plan of the group to provide an impetus to its focus on achieving the 60 GW RE capacity target by FY32.