Latest news with #JSWGroup
Hindustan Times
5 days ago
- Automotive
- Hindustan Times
UP Govt to set up ₹700 crore EV park in Kanpur with R&D and logistics connectivity
Under the direction of the Uttar Pradesh State Industrial Development Authority (UPSIDA), the EV Park will act as a large-scale industrial estate focused primarily on the manufacturing and assembly of electric vehicle components (Photo is representational) Notify me The Uttar Pradesh government has announced a significant initiative to establish Kanpur as a global electric vehicle (EV) manufacturing hub. Under the Kanpur Metropolitan Development Vision – 2030, Kanpur will establish a 500-acre electric vehicle park in the Bhimsen area, linking to the dedicated freight corridor. The project will be a Public-Private Partnership (PPP) model with an estimated cost of Rs. 700 crore and will help boost India's developing EV ecosystem. Also Read : India will see spurt in EV manufacturing in upcoming 5 years: PM Narendra Modi EV Park: Infrastructure and scope Under the direction of the Uttar Pradesh State Industrial Development Authority (UPSIDA), the EV Park will act as a large-scale industrial estate focused primarily on the manufacturing and assembly of electric vehicle components. The facility will encompass manufacturing units of essential components, including electric vehicle motors, vehicle chassis, steel structures, and lithium-ion cells. The park will also feature the assembly of battery packs, EV chargers, controllers, and other essential electronics, creating a domestic supply chain for the manufacture of electric vehicles. Dedicated R&D centre One of the key features of the new park will be a cutting-edge research and development (R&D) hub that specializes in technology, particularly conducting research into advanced EV solutions. It is likely to be a key contributor to local industry growth and influence increased adoption of clean mobility technologies in general. Also Read : JSW Group to set up EV manufacturing plant in Odisha, signs deal with govt Economic impact and employment generation The Kanpur EV park is expected to deliver a strong boost to the state's economy. With the development of an integrated EV components cluster alongside the main park, the government aims to empower small and medium enterprises (SMEs) and startups by giving them access to infrastructure and market linkages. This will create new opportunities for local entrepreneurs and generate substantial employment in the region. Strategic location and connectivity Located along a freight corridor, the park has a logistical advantage. With the strength of connectivity with rail and road networks, manufacturers can seamlessly move raw materials and finished products without operational delays and costs at a minimum level, making Kanpur a fundamentally great location for future EV-related investments. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 17 Jun 2025, 06:00 AM IST
Yahoo
11-06-2025
- Business
- Yahoo
Sany seals PPA and CfD deal for Alibunar project in Serbia
Sany Renewable Energy has announced the signing of a power purchase agreement (PPA) and contract for difference (CfD) for its Alibunar wind power project in Serbia. The Alibunar project is located in eastern Serbia, an area renowned for its wind resources. It will commence commercial operations by 2028 and have an operational lifespan of 25 years. The facility has an installed capacity of 168MW and is projected to generate 480 million kilowatt hours (kWh) of electricity annually upon completion. It will supply Serbia with clean energy, aiding in restructuring the local energy mix away from fossil fuels towards more sustainable sources. The project represents Sany's inaugural investment in the country. The company plans to utilise its technical expertise to guarantee smooth progress and consistent performance post-completion. The company's on-site professional operation and maintenance team will provide extensive support throughout the life cycle of the project. Sany Renewable Energy chairman Zhou Fugui stated: 'The Alibunar wind project is of great importance to us, marking our entry into the wider European market. 'We will actively co-operate with local partners and introduce advanced wind power technologies and solutions to help Serbia realise its energy transition and sustainable development goals.' Sany has prioritised climate action within its sustainability strategy, aligning with the Paris Agreement's objective of limiting global warming to 1.5°C. In 2024, the company's wind turbines produced 135.8 billion kWh of electricity, resulting in a reduction of CO₂ emissions by 72.87 million tonnes, equivalent to planting 3.3 billion trees. Additionally, Sany is committed to promoting environmentally friendly turbine design and to increasing the recyclability of mainstream models to 95% by 2030, based on 2020 levels. In October 2024, Sany secured a contract to supply wind turbines with a capacity of more than 1.3GW to three subsidiaries of the JSW Group, an Indian multinational conglomerate. "Sany seals PPA and CfD deal for Alibunar project in Serbia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
09-06-2025
- Business
- Business Standard
JSW Steel registers 8% YoY growth in May'25 steel production volume
JSW Steel has recorded consolidated steel production of 22.73 lakh tonnes in May 2025, which is higher by 8% as compared with production volume of 20.98 lakh tonnes reported in May 2024. Indian operations produced 21.94 lakh tonnes of steel in May 2025, up 9% YoY. The steel production of JSW Steel USA Ohio, however, declined by 7% YoY to 0.79 lakh tonnes during the period under review. Capacity utilisation for May 2025 at Indian Operations was at 80% primarily due to planned maintenance shutdown of one of the blast furnace at Dolvi. The blast furnace was restarted on 30 May 2025. The cumulative steel production for FY26 (till May 2025) was 47.56 lakh tonnes, up 13% YoY. JSW Steel is the flagship business of the diversified, US$ 24 billion JSW Group. Over the last three decades, the company has grown from a single manufacturing unit to become India's leading integrated steel company with consolidated crude steel capacity of 35.7 MTPA including 1.5 MTPA in US. On a consolidated basis, net profit of JSW Steel rose 15.70% to Rs 1503 crore while gross sales declined 2.86% to Rs 44341 crore in Q4 March 2025 over Q4 March 2024. The scrip rose 0.20% to currently trade at Rs 1006.50 on the BSE.
The Hindu
04-06-2025
- Entertainment
- The Hindu
Dhruvi Acharya's landmark solo exhibition at Hampi Art Labs
The Journey is Home, a significant solo exhibition by acclaimed contemporary artist Dhruvi Acharya, which began on June 1, at Hampi Art Labs in Toranagallu, Ballari district, will be on display till September 30th, 2025. The JSW Foundation, the social development arm of the $24 billion JSW Group and host of the exhibition, stated that The Journey is Home, curated by noted art critic Girish Shahane, features an expansive collection of Dhruvi Acharya's works, ranging from her early creations to more recent pieces. It delves into a deeply personal exploration of identity, motherhood, environmental awareness, grief, and the complexities of urban life. Dhruvi Acharya's art, rooted in autobiography, often connects with larger, universal subjects. The exhibition's title is inspired by a poem by the Japanese author and Zen practitioner Matsuo Basho, reflecting Dhruvi Acharya's early interest in Buddhist philosophy. Her work is known to explore the psychological and emotional musings of a woman. The exhibition also features key works from the JSW collection. Sangita Jindal, chairperson of the JSW Foundation, expressed her enthusiasm for the show. 'I see hope and resilience in Dhruvi Acharya's layered works, which often reflect the psychological and emotional musings of a woman. I am delighted that Hampi Art Labs is hosting a solo show by Dhruvi, an artist I have long admired.' Describing the exhibition as a mid-career survey, Dhruvi Acharya said, 'The show includes work from various stages of my journey, including those commissioned or acquired by Sangita Jindal over the last 25 years. These pieces reflect my investigations into memory, love, loss, motherhood, the status of women in society, and the deteriorating environment. I am grateful to Hampi Art Labs and JSW Foundation for providing a space where these stories can breathe and resonate.' Located near the UNESCO World Heritage Site of Hampi, Hampi Art Labs spans nine acres and serves as a cultural retreat offering studio spaces, galleries, artist residencies, and educational programmes. Rooted in the region's rich artistic and architectural heritage, the centre is a vital cultural initiative of the JSW Foundation. The Journey is Home is open to the public from 10 a.m. to 7 p.m., from Monday to Friday, offering visitors a unique opportunity to engage with one of India's most thoughtful and introspective contemporary artists in an inspiring setting.
Hindustan Times
02-06-2025
- Automotive
- Hindustan Times
Windsor Pro propels MG to post 40% sales growth in May
MG Windsor Pro has played a key role in the sales growth of the automaker. MG Windsor Pro has played a key role in the sales growth of the automaker. Check Offers JSW MG Motor India, the joint venture of JSW Group and SAIC Motor, on Sunday reported a 40 per cent year-on-year (YoY) growth in sales of its passenger vehicles. The auto company has retailed 6,304 units of passenger vehicles in May 2025, as compared to 4,510 units registered in May 2024. This sales growth comes on the back of the launch of Windsor Pro, which was introduced as a long-range version of the MG Windsor EV. Since the launch of the Windsor EV, MG has claimed a significant sales uptick and attributed this surge to the upmarket electric car, which was launched with a plethora of features and most interestingly, with the choice of battery-as-a-subscription (BaaS) for the consumers. While the traditional vehicle buying model is still there, the availability of the BaaS has ramped up the appeal of the EV significantly to consumers. The car manufacturer took the same strategy for the MG Windsor Pro as well. The MG Windsor Pro was launched in two variant choices - Essence Pro and Exclusive Pro. The MG Windsor Pro comes powered by a 52.9 kWh battery pack, which enables the electric car to run up to 449 kilometres on a single charge. The MG Windsor, on the other hand, gets energy from a 38 kWh battery pack that allows it to run up to a 332 kilometres range on a full charge. However, despite the Windsor and Windsor Pro being powered by two different battery packs, power and torque output remain the same at 134 bhp and 200 Nm, respectively. MG Windsor Pro: What it offers? The MG Windsor Pro comes with a host of additional features that are not available in the regular Windsor. The Pro variant of the EV gets features such as a powered tailgate, vehicle-to-load (V2L) and vehicle-to-vehicle (V2V) charging features. There is an ADAS suite that offers adaptive cruise control, lane keep assist, lane departure warning, and much more. The MG Windsor EV Essence Pro costs ₹ 13.09 lakh (ex-showroom) with the BaaS model opted. Without the battery subscription plan, the MG Windsor EV Pro costs ₹ 18.10 lakh (ex-showroom). The MG Windsor Exclusive Pro variant, however, misses features like a sunroof, ventilated front seats, a PM2.5 air filter, as well as an ADAS suite. These features are available in the top-end Exclusive Pro trim. The MG Windsor EV Pro exclusive variant costs ₹ 17.25 lakh (ex-showroom). The Windsor EV Pro exclusive variant costs ₹ 12.24 lakh (ex-showroom) with the BaaS program opted. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 02 Jun 2025, 08:03 AM IST
