Category: All News

  • Hinduja Group to Invest INR 2,500 Crore in Tamil Nadu Towards Renewables & New Mobility Solutions

    The Hinduja Group – a 111-year-old transnational conglomerate, today announced plans to invest ₹2,500 crore in Tamil Nadu. The investment will span across the group’s businesses including renewable energy, electric mobility, automotive, financial services, energy, battery charging infrastructure and digital mobility solutions.

    As part of the commitment, Mr. Amit Saharia, Group President – Strategy, Hinduja Group signed a Memorandum of Understanding (MoU) with Mr. Deepak Jacob, IAS, MD & CEO, Guidance Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu in the august presence of Hon’ble Chief Minister of Tamil Nadu – Thiru C. Joseph Vijay, Mr. Ashok Hinduja, Chairman of Hinduja Group of Companies (India), Selvi S. Keerthana, Minister for Industries, Investment Promotion and Commerce, Government of Tamil Nadu,  Dr. S. Vijayakumar, IAS – Additional Chief Secretary to Government, Industries, Investment Promotion and Commerce Department, Government of Tamil Nadu and other senior dignitaries.

    A key component of the commitment will be the development of 200 MW+ renewable energy projects by Hinduja Renewables Energy Private Limited (HREPL), spanning solar, wind and battery technologies. The Group will seek land and connectivity support in identified catchment areas, including Tirunelveli, Thoothukudi and Virudhunagar, Madurai and Coimbatore as it works towards developing these projects.

    In the mobility space, OHM Global Mobility Limited will operationalise electric buses for public transport in Tamil Nadu and expand its mobility solutions value chain. The Group will also explore opportunities across automotive, financial services, energy, battery charging infrastructure and digital mobility solutions as part of its broader investment commitment to the state.

    Mr. Ashok Hinduja, Chairman, Hinduja Group of Companies (India), said, “Our ₹2,500 crore commitment is a statement of our confidence in Tamil Nadu and our desire to participate in its next phase of growth. With its strong industrial base, talent and renewable energy potential, Tamil Nadu is well positioned to lead India’s energy and mobility transition. We look forward to building on our long-standing association with the state and working with the Government of Tamil Nadu to create lasting value through investments in clean energy, electric mobility and other emerging opportunities.” 

    The proposed investment reflects the Hinduja Group’s long-standing presence in Tamil Nadu and its growing focus on clean energy and new mobility. The Group’s businesses in the state include Ashok Leyland, Gulf Oil India, Hinduja Leyland Finance, Hinduja Housing Finance, Switch Mobility, Ohm Mobility, Gro Digital and Hinduja Tech, among others.

    The latest commitment also builds on the Hinduja Group UK’s ₹7,500 crore MoU signed with the Government of Tamil Nadu in September 2025 for investments in the state’s EV ecosystem, spanning battery manufacturing, battery energy storage systems and charging infrastructure. In March 2026, Ashok Leyland broke ground for a ₹500 crore greenfield battery pack manufacturing facility at Pillaipakkam near Chennai, further strengthening the state’s electric mobility supply chain.

    Tamil Nadu’s strong industrial base, skilled talent, manufacturing capabilities and entrepreneurial ecosystem position the state well to play an important role in India’s energy transition and the evolution of new mobility. The Hinduja Group looks forward to working closely with the Government of Tamil Nadu to take forward this commitment and contribute to the state’s sustainable growth.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • GP Eco Solutions Appoints Vikash Mishra as Chief Financial Officer

    GP Eco Solutions India Limited has appointed Vikash Mishra as its new Chief Financial Officer (CFO), strengthening the company’s financial leadership as it continues to expand its presence in India’s renewable energy sector.

    Mishra brings more than 18 years of experience in financial leadership, with expertise spanning finance, governance and strategic growth across the infrastructure and renewable energy sectors.

    In his new role, Mishra is expected to contribute to GP Eco Solutions’ financial strategy and support the company’s growth initiatives as it expands its integrated clean energy portfolio. The company has evolved from a distribution-focused business into a provider of integrated solar solutions serving residential, commercial and industrial customers across India. Its offerings include solar inverters, energy storage systems, SCADA monitoring solutions and LT/HT panels.

    GP Eco Solutions also operates within a broader ecosystem that includes Invergy India, which focuses on solar inverters and energy storage systems, and GPES Green Projects, which provides turnkey EPC, project management consultancy and Energy-as-a-Service solutions.

    Mishra’s appointment comes as the renewable energy industry continues to witness increasing demand for integrated solar, storage and energy infrastructure solutions. His experience in financial management and strategic growth is expected to support GP Eco Solutions as it strengthens its operations and pursues opportunities across the clean energy value chain.

    With the appointment, GP Eco Solutions aims to further reinforce its financial and governance framework while supporting its long-term vision of contributing to India’s transition towards clean, reliable and sustainable energy.

  • Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

    The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

    Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

    The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

    Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

    Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

  • Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

    The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

    Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

    The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

    Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

    Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.

  • Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Rating Upgraded to ‘A-/Stable’ as Financial Profile Strengthens

    Hartek Power Private Limited, the flagship EPC business of Hartek Group, announced that Crisil Ratings, a subsidiary of S&P Global, has upgraded the company’s long-term credit rating to ‘Crisil A-/Stable’ from ‘Crisil BBB+/Stable’ and short-term rating to ‘Crisil A2+’ from ‘Crisil A2’.

    The rating action reflects strengthening operating performance, improved profitability, healthy order visibility and a comfortable financial risk profile. It also enhances Hartek’s institutional capacity to participate in larger and more complex opportunities emerging across transmission infrastructure, substations, renewable integration and grid modernisation. The agency also highlighted the company’s diversified order book, prudent financial management and established execution track record in the power EPC sector.

    Commenting on the development, Hartek Singh, CMD, Hartek Power, said, “The upgrade reflects the operating discipline, financial prudence and execution capabilities that Hartek has built over more than three decades in the power infrastructure sector. As investments in grid expansion, renewable integration and network modernisation accelerate, the ability to combine engineering expertise with financial strength and execution certainty will become increasingly important. The enhanced rating and banking limits strengthen our ability to participate in larger and more complex projects while maintaining the disciplined approach to capital allocation and balance sheet management that has defined our business.”

    The rating action comes at a time when India’s electricity system is entering one of its largest investment cycles, driven by renewable energy integration, transmission expansion and rising electricity demand.

    Having connected more than 10 GW of solar generation capacity to the national grid and delivered more than 400 EHV and HV substations up to 765 kV, Hartek’s execution experience is increasingly complemented by the financial capacity required to participate in larger infrastructure programmes.

    Over a half of the order book is derived from private-sector customers, with projects spread across Gujarat, Haryana, Maharashtra, Rajasthan and Telangana. It strengthens the company’s standing with lenders, customers and institutional counterparties at a time when project scale, financial capacity and execution capability are becoming increasingly important differentiators within the power EPC sector.