8APRIL 2024NTPC GREEN & INDUS TOWERS SIGN PACT TO DEVELOP RENEWABLE ENERGY PROJECTSTATA MOTORS INVESTS $1B: EXPANDS LUXURY CAR PRODUCTION IN TAMIL NADUNtpc Green Energy a subsidiary of NTPC has signed an agreement with Indus Towers to ad-dress the requirement for pacing environmen-tally friendly green energy goals and the GoI's endeav-ors towards a carbon-neutral economy. The Memorandum of Understanding will investi-gate the joint improvement of matrix-associated sus-tainable power-based power projects, including wind, solar and energy capacity and an organization expla-nation added.Indus Towers a telecommunications company, ex-pects to grow its environmentally friendly power port-folio in a staged way to the giga-watt (GW) scale limit for its business tasks nationwide on account of its net zero responsibilities.The MoU was endorsed by Soumya Kanti Chowd-huri, Chief General Manager, NGEL and Vikas Poddar, Chief Financial Officer (CFO), ITL, in the presence of other senior authorities from NTPC and ITL.NTPC is India's biggest power utility, with the cen-ter business of power generation having a total in-stalled limit of 76 GW. It has aggressive plans to reach 60 GW of Renewable Energy by 2032; presently, it has 3.5 GW of installed RE limit and 28+ GW under pipe-line.ITL, the nation's driving passive telecom frame-work supplier, conveys, claims, and oversees more than 211,775 telecom towers and correspondence struc-tures. With a presence in the 22 telecom circles, Indus Towers takes special care of wireless telecommunica-tion service providers in India. Tata Motorsaims to boost its production potential by investing $1 billion in an ultra-modern plant that will be situated in Tamil Nadu state, south-ern India. The sources who are in the knowledge of the company's strategies revealed it that the plant will be engaged in making of the luxury vehicles under the banner of Jaguar Land Rover (JLR) according to sourc-es. Tata Motors announces the investment in March, but the details about the brands of the cars being manu-factured were not previously known until the current time. This latest example shows the deliberate strategy of the company to more completely and profitably as-similate JLR into its operations, which is a result of its acquisition of the luxury brand in 2008.Apart from that, the Indian automaker has already demonstrated that its wholesales worldwide are in-creasing once again over the fourth quarter of 2023-2024. Comprising up to 377,432 units, this figure is the growth of approximately eight percent as compared to the incomparable time a year ago. What is remarkable about this report is the fact that the passenger vehicles segment, which is made up of electric vehicles, performed strongly by boosting the number of units sold by 15 percentage points. The num-ber of units for the same period reached 155,651. TOPSTORIES
< Page 7 | Page 9 >