Capital Edge of Kuwait to invest USD 1 bn in NexGen Energia
NexGen Energia, an Indian green energy firm, has secured a USD 1 billion investment from Kuwait's Capital Edge to boost its Compressed Bio-Gas (CBG) infrastructure across India. This equity-based funding will enable NexGen Energia to expand CBG plant deployment, supporting India's clean energy transition and energy independence.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Green energy firm NexGen Energia on Monday said regional investment behemoth Capital Edge of Kuwait will invest USD 1 billion in it to expand its infrastructure in India. The equity-based funding will enable NexGen Energia, India's leading installer of Compressed Bio-Gas (CBG) plants, to expand its CBG infrastructure across the country, supporting India's shift to clean energy and energy self-reliance, a company statement said.According to the statement, reflecting increasing global faith in India's renewable energy industry, green energy firm NexGen Energia Ltd has pledged USD 1 billion from Capital Edge of Kuwait.This strategic infusion represents a sea change for NexGen Energia, which has emerged as an increasingly important contributor to India's clean energy movement, it stated.Noida-based NexGen Energia has led the way in India's transition to renewable and alternative forms of energy. One of its crown jewel programmes is the building out of Compressed Bio-Gas infrastructure - a cleaner, sustainable alternative to fossil fuels.With the support of Capital Edge, the firm will be able to grow its operations exponentially. The USD 1 billion (approximately Rs 850 crore) equity infusion will be fully utilised in the deployment and operation of CBG plants, making the company's vision of sustainable innovation a reality."This capital infusion marks a pivotal moment in our journey. It will accelerate our vision to build a greener India through scaled-up CBG production. We're excited about the environmental and social impact this will create across the country," Nishant Tiwari, Director Sales at NexGen Energia, said.Early projects will be launched in high-potential areas such as Maharashtra, Uttar Pradesh, and Karnataka, with land acquisition and vendor associations already progressing.The next 18-24 months are planned by the company to finish a number of CBG facilities, with a scaled rollout extending through 2026. The vision also extends to include supply chain integration, technology innovation, and community involvement for long-term sustainability of the project.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
23 minutes ago
- Hans India
BEE urges States to sustain momentum on energy efficiency
Vijayawada: The Bureau of Energy Efficiency (BEE), under the Ministry of Power, expressed satisfaction over the active participation of all State Designated Agencies (SDAs) particularly the proactive Southern SDAs in the recent World Environment Day celebrations. BEE urged the SDAs to sustain this momentum by intensifying efforts to promote Behavior-Based Energy Saving Practices (2BESP), which are crucial in combating climate change and reducing electricity consumption. According to recent estimates, 2 BESP initiatives can potentially save up to 22.5 billion kWh of energy annually. BEE emphasized the need for targeted awareness and implementation campaigns at the State-level. During an interactive session on the impact of 5-Star Rated Appliances, senior BEE officials including Deputy Director General Dr Asok Kumar, Secretary Milind Deore and Directors Abhishek Sharma and Karman Sheik highlighted the importance of adopting high-efficiency appliances such as air-conditioners, refrigerators and ceiling fans to significantly reduce both electricity usage and consumer bills. The officials also encouraged SDAs to collaborate with Residential Welfare Associations (RWAs) and Group Housing Societies to spread awareness about maintaining air-conditioner temperatures at 24°C or higher, in line with the Government of India's national energy efficiency campaign for both commercial and residential buildings. India's building sector currently accounts for 35–40 per cent of the country's total energy consumption. Against this backdrop, BEE reiterated that urgent adoption of energy efficiency measures by SDAs is critical to reducing energy demand, lowering costs and safeguarding the environment. The benefits of adopting energy-efficient appliances: A conventional 75W ceiling fan, used for 16 hours daily, consumes 1.2 kWh per day, resulting in an annual electricity bill of Rs 2,857 (at Rs 6.50/kWh). In contrast, a 32W Brushless DC (BLDC) fan, under similar usage, consumes only 0.51 kWh per day, lowering the annual bill to Rs 1,208—less than half the cost. Several states in the country - Andhra Pradesh (APSECM), Kerala (EMC), Karnataka (KREDL), Telangana (TSREDCO), and Tamil Nadu (TANGEDCO - in South have emerged as frontrunners in advancing BEE's mission. Their robust participation in the Standards & Labelling Programme helped achieve notable outcomes in 2022–23, including: Saving of 81.64 billion Units of electricity and in terms of money Rs 54,323 crore in energy cost savings. The BEE reaffirmed its commitment to fostering a culture of energy efficiency across India and urged all SDAs to continue driving this transformative shift toward a more sustainable energy future.
Economic Times
28 minutes ago
- Economic Times
Overseas luxury real estate: Here's why it is catching the eyes of HNIs
Getty Images Whether it's luxury penthouses in New York or heritage homes in London, high networth Indians are investing overseas. For India's affluent class, luxury real estate is more than a status symbol— it's an investment strategy that blends capital appreciation, lifestyle enhancement, and portfolio diversification. Increasingly, this strategy is looking beyond India's borders. The surge is evident. According to the India Luxury Residential Outlook Survey 2025 by India Sotheby's International Realty, interest in overseas real estate has more than doubled, rising from 10-11% to 22%. For HNIs and UHNIs, global property investments are no longer just aspirational, they are tactical. Whether it's luxury penthouses in New York or heritage homes in London, high networth Indians are investing overseas. Over the years, Indian billionaires like Lakshmi Mittal, Adar Poonawalla and Ravi Ruia have continued to invest in luxury properties in Dubai, London and New York. With global mobility on the rise, investors are confidently staking their claim in the world's most desirable explore why international real estate is catching the eye of India's wealthy, where they are investing, and what savvy investors must watch out capital appreciation: Established global hubs like London, New York and Dubai have long demonstrated robust long-term price appreciation. In 2024, Dubai's prime residential prices rose by 6.8%, with forecasts predicting a further 15-20% rise in 2025, driven by policy reforms, foreign investor incentives, and infrastructure development under the Dubai 2040 Urban Master Plan. These cities attract talent, capital and corporates, all of which contribute to housing demand. For investors, it's a steady compounding story with international hedge: Investing in dollar- or pound-denominated assets creates a natural hedge for Indian investors. During periods of rupee depreciation or domestic inflation, the value of these global assets often holds or appreciates, enhancing the wealth preservation function of the asset income: Luxury real estate in top-tier markets is a magnet for premium tenants—executives, diplomats and international students. In central London, for example, rental yields typically range from 3.5% to 4.5%. New York's Manhattan mirrors this, offering dependable rental income from a well-established tenant steady yield stream enhances the investment's overall return, making it both income- and asset appreciation-driven. Price-to-value comparison: Investing in global real estate today represents a strategic value-driven decision. Consider two prime examples. In Central London, a one-bedroom luxury apartment is currently priced around £850,000, reflecting the city's prestige, stability, and sustained international appeal. Meanwhile, across the Atlantic in New York's prestigious Upper East Side, a comparable one-bedroom condominium is available at approximately $750,000 Factor in better build quality, global amenities, and strong rental yields, and the math starts to make sense. Simply put, Indian investors are weighing not just square footage, but lifestyle, legacy, and long-term value. Lifestyle, education, legacy value: For many, the draw is also emotional and aspirational. A home in Central London or Manhattan offers global mobility, lifestyle cachet, and proximity to elite education institutions. In 2024 alone, over 1,40,000 Indian students received UK study visas—a 35% rise—creating demand for family-oriented housing in areas like Kensington and Ealing. These homes often become multi-generational legacy assets as well, passed down not just for their monetary worth, but for their symbolic global footprint too. Complex regulatory landscape: Each country has its own tax labyrinth. In the US, non-resident investors are subject to federal and state levies, including FIRPTA (Foreign Investment in Real Property Tax Act), which withholds tax on sale proceeds. The UK can impose up to 15% Stamp Duty Land Tax (SDLT) for foreign buyers. Further complexities arise with capital gains, rental income taxation, and estate duties. RBI's LRS cap: India's Liberalised Remittance Scheme (LRS) limits individuals to remitting $250,000 per financial year. Families can pool limits (up to $1 million), but luxury real estate in prime London or New York markets often exceeds this. Compounding the issue is a six-month usage clause, limiting investment flexibility. Legal and local knowledge gaps: Investing abroad isn't just about picking the right city. Buyers must assess title clarity, zoning regulations, developer credibility, and local market dynamics. A lack of due diligence can result in costly mistakes. High maintenance and management costs: Luxury homes demand luxury upkeep. From service charges, building maintenance and tenant management, these hidden costs can dent yields and add to the logistical burden. Changing rules and policies: Markets evolve. New York's rent regulation changes have impacted rental margins. Dubai's shifting visa norms and property ownership reforms could evolve. Global property ownership requires agility and a long-term view. Overseas luxury real estate presents Indian HNIs with a compelling blend of returns, lifestyle, and strategic diversification. But this is a high-involvement play. It demands due diligence, regulatory awareness, and trusted local partnerships. Done right, a home abroad can be more than a financial asset. It becomes a gateway to global living, future-proofing one's wealth, and passing on a legacy with international roots. The Author is DIRECTOR, INTERNATIONAL, INDIA SOTHEBY'S INTERNATIONAL REALTY
Economic Times
28 minutes ago
- Economic Times
Only 7% Indian heirs want to join family businesses: HSBC report
Most want to pass the baton to kin Inter-generational wealth transfer in India Financial advice, risk mitigation, wealth management are being integrated into this process. Many businesses, established in the 1990s following economic liberalisation, have second-generation entrepreneurs educated abroad and raised in cosmopolitan settings. Multi-generational family businesses accord a high value to extended family and kinship, with some thriving for over a century. Entrepreneurs who are hesitant to seek support from older generations Live Events Among Indian entrepreneurs... This is despite the optimism displayed by their predecessors, most of whom plan to pass on their businesses to family members, claims a recent report by the HSBC Global Private Banking . The study also explores the succession preparedness of family-owned businesses across India and Asia. Business owners all over the world have different succession plans. While some prefer to sell their businesses, most entrepreneurs intend to pass it on to a family businesses in the country are taking a proactive approach towards transition of wealth and succession heirs feel obligated to join the family business Next-gen Indians who felt confident about pursuing other interests when they first took over the family wealth transfer expected within Asia Pacific from 2023 to 2030, according to McKinsey, with ultra-high networth individuals (UNHIs) accounting for 60%.is the contribution of familyowned businesses to India's GDP, one of the highest ratios (US $) in India in 2024, up 29% year-on-year, as per Hurun data, of to receive $1.5 trillion intergenerational wealth, which is more than one-third of India's Global Private Banking 'Family-owned businesses in Asia: Harmony through succession planning 2025' report. The research was conducted by Ipsos UK on behalf of HSBC among 1,798 high net-worth business owners with at least $2 million investible assets. It was conducted online in mainland China, France, Hong Kong, India, Singapore, Switzerland, Taiwan, UAE, UK and the US.
