LIC Housing Finance: The company plans to raise money through green bonds in the upcoming fiscal year to support environmentally-friendly housing projects. The Managing Director and CEO, Tribhuwan Adhikari, mentioned that the company aims to discuss this strategy during a board meeting on March 7. They hope to achieve a net profit milestone of ₹5,000 crore by the end of the current financial year.
Signature Global: Real estate firm Signature Global reported selling over 1,000 apartments in its luxury housing project in Gurugram, generating more than ₹3,600 crore. The success is attributed to strong demand for residential properties, especially in the luxury segment. The company achieved pre-launch sales exceeding ₹3,600 crore for its latest premium residential development project, ‘DE LUXE-DXP’, in Gurugram.
Reliance Industries: Under the leadership of Mukesh Ambani, the company is planning to enter pumped storage projects for hydroelectric power, focusing on clean energy. Reliance New Energy, its subsidiary, is actively looking for suitable locations for these projects. The company aims to participate significantly in bidding for these projects, according to insiders.
Godrej Properties: The real estate developer has finalized agreements to build a township project in North Bengaluru, covering a 62-acre land parcel. The project, operating under a profit-sharing model, is expected to provide 5.6 million square feet of saleable area with a projected booking value of ₹5,000 crore. The company plans to start the first phase of development in the upcoming fiscal year.
Coal India: Officials express confidence in achieving the production target of 780 million tonnes for the fiscal year 2023-24. Despite recent media speculation, the company clarified during a stakeholders meeting that there was a misunderstanding about potentially missing the target by 10 million tonnes. Coal India has set an ambitious goal for the following year, aiming to produce 838 million tonnes, a 7.5% increase from the previous target.
SJVN: The state-owned power production company announced that its subsidiary, SJVN Green Energy, won a 200 MW solar project in an auction held by Gujarat Urja Vikas Nigam. The project, to be developed on a build-own-and-operate basis, is estimated to cost ₹1,100 crore. SJVN secured the 200 MW capacity through competitive bidding for the development of solar projects in Gujarat.
Lupin: Lupin Digital Health aims to increase its customer base by ten times in the coming year. The platform focuses on digital therapeutics for cardiac rehabilitation, expanding its reach to new cities and partnering with additional hospitals. CEO Sidharth Srinivasan highlighted the platform’s success in improving patient outcomes, onboarding around 5,000 paying patients within nine months.
Britannia Industries: Vice-Chairman and MD Varun Berry stated that the company is considering joint ventures to expand its portfolio into high-margin categories like chocolates, fresh dairy, and salty snacks. Britannia has engaged the global consulting firm Bain & Co. to develop an aggressive ‘go-to-market’ strategy using data-driven approaches.
Tata Motors, Tata Steel: Tata Motors unveiled new commercial vehicles powered by green fuels during the Tata Group’s Founder’s Day celebrations. The lineup includes Prima tractors, tippers, and the Ultra EV bus, utilizing Liquefied Natural Gas (LNG) and battery electric technologies. These vehicles were handed over to Tata Steel’s delivery partners for transporting steel products and raw materials.
