Bolstering India’s Net Zero JourneyAnil Sardana, Managing Director, Adani Energy Solutions (AESL), helms the company which acquired the special purpose vehicle (SPV) for the Khavda Phase IV Part-A transmission project, which solidifies its status as the country's largest private-sector transmission player. The company will invest `40.91 billion to build the 298 km transmission line, which will help evacuate 7 GW of renewable energy from the world's largest renewable energy park. The project includes development of a transmission line with a transformation capacity of 4,500 MVA. The Khavda renewable energy park, the largest of its kind globally with a planned generation capacity of 30 GW, will play a significant role in advancing India's decarbonisation efforts. This investment will establish the critical transmission network required to evacuate the planned 30 GW of green power that Khavda will generate and also provide the much-needed grid stability. This network will play a very important role in the flow of green energy to the grid and bolster India's net zero journey. Plan (T) GrowthArvind Nanda, Managing Director, Interarch Building Products, heads the company, a leading player in the Pre-Engineered Building (PEB) industry, which invested over `950 million for its fifth PEB manufacturing plant (fourth fully integrated unit) in Nellore District, Andhra Pradesh and also made an initial public offering [IPO] of equity shares aggregating to `6,000 million. The investment for phase 1 will increase the company’s installed capacity by 20,000 million tonne [MT] per annum. The manufacturing facility has capabilities to manufacture pre-engineered steel (PEB) structures, metal roofing and cladding systems. It will contribute significantly to the region's growth with the highest standards of efficiency and quality. The company is not only expanding production capacity but also creating new employment opportunities. Phase 1 of the plant, built at an investment of `400 million generated job opportunities for about 250 people. Phase 2 will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 0.2 million MT per annum and will create jobs for about 500 people.Ipo WinnerK Subramanian, Vice Chairman, AFCONS Infrastructure, heads the flagship construction firm of the Shapoorji Pallonji group, which received a green light from SEBI for its `70 billion initial public offer (IPO). The bulk of the issue, to the tune of Rs.57.5 billion, is through an offer for sale by Goswami Infratech, while the company itself is raising `12.5 billion through a fresh issue of shares. The company filed the draft papers in March this year. Of the total proceeds from the fresh issue, `1.5 billion will be used for capital expenditure to buy construction equipment, `3.5 billion for funding long-term working capital, `5 billion for prepayment or scheduled repayment of a portion of certain outstanding borrowings and acceptances availed by it and general corporate purposes. Afcons’ order book increased at a CAGR of 7.6 per cent from `262 billion in FY21 to `304 billion in FY23. It operates across five major infrastructure verticals, marine and industrial, surface transport, urban infrastructure, hydro, oil and gas.