Page 3 - Joint Ventures In India

CleanMax, Osaka Gas partner in JV to develop 300MW renewable portfolio

Brookfield-backed firm CleanMax on Monday announced a joint venture partnership with Osaka Gas Group to develop a 300MW renewable energy portfolio entailing an investment of Rs 1,500 crore. The joint venture entity will be called 'Clean Max Osaka Gas Renewable Energy Private Limited' (CORE), according to a statement. Under the joint venture, a total investment value of Rs 1,500 crore for the 300 MW renewable energy portfolio, which will be developed in due course of time, a revised statement said. The remaining 100 MW will be developed in about next two years, it added. CleanMax and Osaka Gas are forging a partnership to help corporate clients transition to a low-carbon economy, the statement said, adding that the association with CleanMax marks Osaka Gas' entry into the green energy market in India. CleanMax, one of Asia's leading renewable energy providers in the Commercial and Industrial (C&I) sectors, announced a long-term strategic joint venture with Osaka Gas Co. Ltd., a ...

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

This will be India's biggest and Asia's second-largest Reit IPO

Wave, Agristo to invest Rs 750 cr in UP to expand potato processing plant

Wave Group and Belgium's Agristo NV will invest around Rs 750 crore to expand their potato processing plant in Uttar Pradesh to make premium french fries, amid rising global demand for processed food. In 2019, Wave Group firm Masa Global Food Pvt Ltd and Agristo's subsidiary firm IMSTO NV, Belgium had formed a 50:50 joint venture firm to establish a potato processing plant at Bijnor to make dehydrated potato flakes. The name of the joint venture firm is Agristo Masa Pvt Ltd. The plant started operations in 2022 with an annual capacity of 7,500 tonnes. In an interview with PTI, Wave Group Chairman Manpreet Singh Chadha noted that there is an immense growth potential in Indian food processing sector. He also stressed on the need to boost crop yields and processing capacity for augmenting farmers income. "We are setting up a new production line for export quality french fries at Bijnor," Chadha told PTI. He said the total investment on this expansion will be around Rs 750 crore, whi

ONGC seeks joint venture partners to foray into ethane carrier business

ONGC is seeking partnership with companies with experience in the operation and management of VLECs, very large gas carriers and liquefied natural gas carriers in the global market

TotalEnergies, Air Liquide to invest $628 million in hydrogen venture

The joint project near the Zeeland refinery is expected to be commissioned in 2029, and the one that will supply the Antwerp plant should start operating by the end of 2027

ONGC-NTPC Green Energy JV to acquire Ayana Renewable for $ 2.3 bn

The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities

DEC Infrastructure-HG Infra Engineering lowest bidder for NDLS revamp

The JV is composed of a 51 per cent shareholding of DEC Infra and 49 per cent stake of HG Infra, the latter told exchanges on Thursday

Index providers seeing healthy competition, innovation: Asia Index MD & CEO

Index providers are witnessing a surge in healthy competition, innovation

Star Air to venture into aircraft MRO business with joint venture

Regional carrier Star Air on Monday said it is looking to enter into the aircraft MRO business in a joint venture for line and major maintenance to cater to the regional and business jets fleet. The Bangalore-based airline, which this month completed six years of its operations, also said it is aiming to have 14 aircraft in its fleet by March this year besides expanding the network to over 100 flights. Founded in 2019 by the Kolhapur-headquartered diversified group Sanjay Ghodawat Group with business interest in sectors such as energy, aviation, consumer products, retail, real estate and textiles, among others, Star Air has a fleet of nine Embraer aircraft, operating 44 flights per day to 23 domestic destinations. The proposed MRO facility, the land for which is being identified, will run under a subsidiary engineering company, Star Air said, adding it will support line and major maintenance dedicated to regional aircraft and business jets. The company, however, did not share speci

Birla, Mitsubishi Estate ink JV to invest Rs 560 cr in new housing project

Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company

Nuvama-Cushman & Wakefield JV raises Rs 1,700 crore for office assets

Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) has raised Rs 1,700 crore under its new real estate fund for making investments in office assets across major cities in India. The NCW is a Joint Venture (JV) between wealth management firm Nuvama Asset Management and global real estate consultant Cushman & Wakefield. In a statement on Thursday, the JV firm announced the first close of its Prime Offices Fund (PRIME). The fund achieved a corpus of around Rs 1,700 crore, it added. The Fund aims to offer investment opportunities to investors in the Indian commercial real estate sector. The Fund will focus on Grade A+ offices across key micro-markets in India's top six cities --?Bengaluru, NCR, Pune, Mumbai, Chennai, and Hyderabad. The Fund targets investments across a portfolio of new developments, as well as completed and leased assets and has already built a robust deal pipeline for deployment. Anshu Kapoor, President & Head, Nuvama Asset Management said, "We have been

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

Daikin India ties up with Rechi to set up AC compressor plant in Andhra

Under this JV agreement, Daikin India will hold a majority share

JV with Vivo may help Dixon grab 1/5th of India's mobile phone assembly mkt

According to sources privy to the deal, Dixon has a capacity to make 40 million smart phones per annum and it is assembling around 30 million phones this year

Ahead of IPO, NTPC Green Energy sets up joint venture with MSPGCL

State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd. The two parties have launched MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra. According to a regulatory filing, the MNGEPL was incorporated on November 25, 2024, as a 50:50 joint venture of NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC Ltd and Maharashtra State Power Generation Company Ltd (MAHAGENCO), a Government of Maharashtra owned company. The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added. The NGEL has subscribed 50,000 equity shares at the face value of Rs 10 each.

FinMin revokes 8-year-old circular: CPSEs no longer need NITI nod for JVs

The DPE in a notification said it has been done to make the process easy and less time consuming

Eye on monetisation, CAMS-KFintech form JV for MF Central platform

The RTAs will have equal ownership in the JV

ONGC, NTPC form joint venture to advance renewable, new energy interests

JVC will contribute significantly to India's renewable energy landscape, drive innovation and foster environmental stewardship

JSW Steel, Posco look at 50:50 joint venture for steel plant in India

JSW Group and Posco have signed an agreement to set up a steel plant with an initial capacity of 5 mtpa in India

Jio Financial in talks with Allianz SE to set up insurance JVs in India

The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it's "actively considering an exit" from the ventures, according to a statement from Bajaj on Tuesday