Page 5 - Joint Ventures In India

Optiemus-Corning JV to set up Rs 1K cr glass manufacturing unit in TN

The company plans to manufacture front-cover glass with extensive processes in India and supply to display panel makers and mobile manufacturers in the country

Corning signs $120 mn worth JV with Optiemus for manufacturing plant in TN

The new facility will make front cover glass for mobile phones and phone parts makers in India, the state government said, without specifying the particular brands to which the glass would be supplied

Nuvama, Cushman form JV to launch Rs 3,000 cr commercial realty fund

Nuvama Asset Management and global commercial real estate services firm Cushman & Wakefield on Wednesday formed a joint venture entity, which will launch a Rs 3,000-crore commercial real estate fund. The new entity will be known as Nuvama and Cushman & Wakefield Management. The announcement was made by Matthew Bouw, the chief executive of Cushman & Wakefield Asia Pacific; Anshu Kapoor, the president & head of Nuvama Asset Management, and Anshul Jain, the managing director, Cushman India & Southeast Asia. The joint venture aims to empower investors with superior fund management expertise through Nuvama, while leveraging Cushman's global expertise in the commercial real estate industry, the companies said. The joint venture will focus on providing investment opportunities to domestic investors in the commercial real estate market, they said. Nuvama Asset Management, formerly known as Edelweiss Wealth Management, is the asset management arm of Nuvama Wealth Management

Adani Group announces key partnerships, project wins in energy sector

The group's transmission entity, Adani Energy Solutions, said it has entered into a smart meter joint venture with Esyasoft Holdings Ltd.'s smart metering solutions arm

Indian Oil to invest Rs 1,660 cr in JV with NTPC to set up power plants

Indian Oil Corporation, the nation's biggest oil firm, will invest Rs 1,660.15 crore as equity in a newly set up joint venture with energy major NTPC Ltd for setting up renewable power plants. In June, IOC and NTPC had formed a 50:50 joint venture company, IndianOil NTPC Green Energy Pvt Ltd, to set up renewable energy projects to meet round-the-clock power requirements of refineries of the oil company. In a stock exchanging filing, IOC said its Board in a meeting on October 13, "has accorded approval to the investment plan of the joint venture company for setting up of renewable energy power plants and approved the equity contribution of up to Rs 1,660.15 crore towards Indian Oil's share of 50 per cent in the equity share capital of the JVC." On June 2, IOC incorporated the joint venture company (JVC) with NTPC Green Energy Limited, (a wholly-owned subsidiary of NTPC Limited). "IndianQil NTPC Green Energy Private Limited will develop renewable energy-based power projects (viz. sol

Meja Urja bets on UP's power demand, plans 5.6 Gw thermal capacity

With the growth in renewable energy capacity falling behind the growth of electricity demand, states are going back to coal to build future power capacity

SJVNL aims to become 50,000 MW capacity company by 2040, says CMD

SJVNL, a joint venture of the Centre and Himachal Pradesh government, aims to become a 50,000 MW capacity company by 2040 and add installed capacity of 10,000 MW during next three years, a senior company official said here on Saturday. Addressing a press conference, SJVNL Chairman and Managing Director Nand Lal Sharma said the company has made rapid strides in the past 35 years and not only made foray into wind and solar energy, but also got projects in other states and foreign countries, including Nepal and Bhutan. The company earned highest-ever revenue of Rs 3,299 crore in 2022-23, which is 25.6 per cent more than the revenue of Rs 2,626 crore in 2021-22, Sharma said. Further, he said the company declared a dividend of Rs 1.77 per share for 2022-23 and paid a dividend of Rs 6,600 crore to the central government and Rs 1,050 crore to the Himachal Pradesh government and per share value of the company has increased from Rs 32.65 in September 2021 to Rs 73.15 in September 2023. The

Indian Oil approves 2 joint ventures to set up compressed biogas plants

The two joint ventures will be formed with IOCL or one of its subsidiaries. In both cases, the two partners will have an equal stake of 50 per cent each

Indian Railways sign deal with Indo-Russian JV for Vande Bharat trains

The deal between the Indian Railways and Kinet Railway Solutions (the JV) will see the manufacturing of 120 Vande Bharat trains, along with maintenance services for 35 years

France's Total Energies to invest $300 mn to form JV with Adani Green

First public deal between oil giant and Indian conglomerate since a short-seller leveled fraud allegations against the latter

Top headlines: Modi-Biden bilateral meet ahead of G20, Adani's JV, and more

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Adani forms JV with Kowa Holdings for green ammonia, H2 marketing

Adani Group's earlier stated timeline to start green hydrogen generation is the end of the calendar year 2025 or the start of 2026

Reliance Retail to buy 51% stake in Alia Bhatt's kids wear brand Ed-a-Mamma

RRVL reported a consolidated turnover of Rs 260,364 crore ($ 31.7 billion) and net profit of Rs 9,181 crore ($ 1.1 billion) for the year ended March 31, 2023

BlackRock to enter India's asset management sector with Jio Financial JV

Move marks re-entry of world's largest asset manager in domestic market

BlackRock to enter India's asset management sector with Jio Financial JV

JFS and BlackRock are targeting initial investment of $150 million each in the joint venture

Foxconn-Vedanta JV split credit negative for UK mining firm: CreditSights

CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments

Top headlines: Disney explores option for India biz, veggie prices soar

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Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

Foxconn to apply for India chipmaking incentives after $19.5 bn JV pullout

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'