KPI Green Energy, Juniper Green Energy, Hinduja Renewables Energy, and JSW Neo Energy (JSW Energy) were declared winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to procure power from 500 MW grid-connected wind-solar hybrid projects with a 500 MW greenshoe option. KPI Green quoted ₹3.33 (~$0.0399)/ KWh for 50 MW. Juniper won 120 MW at ₹3.34 (~$0.04) /kWh. …
With a current net worth of nearly $25 billion, Savitri Jindal—India’s richest woman—has overtaken software magnate Azim Premji in net worth. While the fortune of Savitri Devi Jindal, the chairperson emeritus of JSW Steel, surged 87% over the last two years, Azim Premji witnessed a 42% drop in his net worth during the same period. …
Renowned steel magnate Sajjan Jindal is reportedly in the process of establishing a significant presence in the Indian auto market. The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford’s factory in Chennai through a new entity. Concurrently, Jindal is actively engaged in …
MG Motor India plans to overhaul its dealership network by closing underperforming ones and opening new dealers in newer locations ahead of a potential alliance between its Chinese parent and a private company owned by JSW Group chairman Sajjan Jindal, people aware of the development told ET. The maker of Hector and Astor SUVs also …