JSW Group's Strategic Investment in Durgapur Airport
July 19, 2024, 3:52 pm
Location: United Arab Emirates, Ajman Emirate, Ajman
Employees: 10001+
Founded date: 1924
Location: India, Maharashtra, Mumbai
Employees: 10001+
Founded date: 1982
Total raised: $1.9B
JSW Group has made a significant investment in the development of infrastructure at Durgapur Airport, aiming to enhance regional connectivity and support economic growth in West Bengal. This move reflects JSW Group's commitment to bolstering aviation infrastructure in India and creating a world-class aviation hub that meets international standards. The proposed development includes modernizing and expanding facilities at Durgapur Airport to accommodate increased passenger and cargo traffic, attract more airlines, promote tourism, and bolster trade opportunities. This investment is expected to catalyze socio-economic development, generate employment opportunities, and reinforce West Bengal's position as a dynamic economic hub in Eastern India.
The Rajasthan government has also started exploring coal bed methane reserves in the state, recognizing CBM as a significant energy source. Potential sites for exploration have been identified in Bikaner, Barmer, and Nagaur, with Oil India officials tasked with advancing the exploration process. This initiative aims to tap into the energy potential of CBM and underground coal gasification, following successful models in countries like America, Canada, and Australia.
In the energy sector, TotalEnergies has sold its $860M Nigerian oil and gas stake to Chappal Energies, a Mauritius-based company specializing in investments in high-value and distressed brownfield upstream assets in the Niger Delta region. This divestment of 10% stake in Nigerian oil and gas production licenses marks a strategic move for TotalEnergies to optimize its portfolio and focus on core operations.
On the real estate front, DLF chairman Rajiv Singh has been named the richest real estate mogul with a wealth of Rs 1,244.2 billion. DLF, India's top real estate firm, boasts a valuation of Rs 2 trillion, highlighting Singh's leadership in the industry. Singh's remuneration for the financial year 2023-24 saw a 38% increase from the previous year, reflecting DLF's strong performance and growth trajectory in the real estate market.
The Rajasthan government has also started exploring coal bed methane reserves in the state, recognizing CBM as a significant energy source. Potential sites for exploration have been identified in Bikaner, Barmer, and Nagaur, with Oil India officials tasked with advancing the exploration process. This initiative aims to tap into the energy potential of CBM and underground coal gasification, following successful models in countries like America, Canada, and Australia.
In the energy sector, TotalEnergies has sold its $860M Nigerian oil and gas stake to Chappal Energies, a Mauritius-based company specializing in investments in high-value and distressed brownfield upstream assets in the Niger Delta region. This divestment of 10% stake in Nigerian oil and gas production licenses marks a strategic move for TotalEnergies to optimize its portfolio and focus on core operations.
On the real estate front, DLF chairman Rajiv Singh has been named the richest real estate mogul with a wealth of Rs 1,244.2 billion. DLF, India's top real estate firm, boasts a valuation of Rs 2 trillion, highlighting Singh's leadership in the industry. Singh's remuneration for the financial year 2023-24 saw a 38% increase from the previous year, reflecting DLF's strong performance and growth trajectory in the real estate market.