| | AUGUST 20258Jaguar Land Rover has appointed PB Balaji as its Chief Executive Officer, marking him as the first Indian to occupy the leading role at the prestigious British brand. Balaji replaces Adrian Mardell, who has shown a wish to retire from JLR after three years as CEO and 35 years at the company.He is now serving as Group CFO of the Tata Group and will assume the role of JLR CEO starting in November this year, according to Tata Motors, the owner of the British brand.The JLR Board of Directors, during its meeting on August 4, has approved Balaji's appointment to replace Mardell as the CEO of JLR.Balaji will assume this position starting in November 2025. Mardell will keep assisting with the transition and providing support until his contract concludes."I want to express my gratitude to Adrian for the remarkable transformation of JLR and for achieving record results. I am pleased to announce Balaji as the new CEO of the company," states N Chandrasekaran, Chairman - Jaguar Land Rover PLC, Tata Motors and Tata Sons.The Board has been searching for an appropriate candidate to head JLR over the past few months, and after a thorough evaluation, the decision was made to appoint Balaji."He has been with the company for several years and knows the organization, its strategy, and has collaborated with the JLR leadership team," Chandrasekaran adds.Balaji states, "I consider it an honor to guide this amazing company. During the last eight years, I have come to appreciate and cherish this company and its formidable global brands. I am excited to collaborate with the team to elevate it to even higher levels."Since November 2017, Balaji has held the position of Group Chief Financial Officer at Tata Motors Group and is a respected global leader with 32 years of expertise in the automotive and consumer goods sectors, focusing on finance and supply chain roles.He holds a B.Tech in Mechanical Engineering from IIT-Chennai and a Post Graduate Diploma in Management from IIM. JAGUAR LAND ROVER NAMES PB BALAJI AS ITS CHIEF EXECUTIVE OFFICERIN FOCUSAdani Power Limited has obtained a Letter of Intent (LoI) from Bihar State Power Generation Company Limited (BSPGCL) for a 2,400 MW thermal power initiative to provide 2,274 MW of electricity to the North and South Bihar Power Distribution Companies. The company received notification of the LoI grant from BSPGCL via email at 3:47 p.m. on August 6, 2025.The LoI describes the extensive acquisition of electricity by BSPGCL for North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd. The 2,400 MW (3X 800MW) Thermal Power Project will be established in Village Pirpainti, District. Bhagalpur, Bihar, under the Design, Build, Finance, Own and Operate (DBFOO) framework by obtaining fuel from the designated coal linkage provided by the Utility as per Para B(IV) of the SHAKTI Policy.Adani Power will establish a new 2,400 MW Ultra-supercritical power plant at Village Pirpainti in Bhagalpur district, Bihar, with an investment of approximately $3 billion, supplying the full net capacity of 2,274 MW to Bihar Utilities. Adani Power proposed the lowest tariff of Rs. 6.075 per unit during a competitive bidding process.The facility will obtain fuel from the designated coal linkage as per the SHAKTI Policy of the Government of India. The initiative is anticipated to create roughly 10,000 ­ 12,000 direct and indirect jobs during construction and about 3,000 when it is operational.The initial unit will be operational within 48 months of the designated date, and the final unit within 60 months of the designated date.The company anticipates obtaining the LoA (Letter of Award) promptly, after which the Power Supply Agreement (PSA) will be finalized with the State Utilities.Adani Power (APL), a segment of the Adani group, is the biggest private thermal electricity producer in India. The Company possesses a thermal power capacity of 18,110 MW distributed among twelve power stations located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, in addition to a 40 MW solar power facility in Gujarat. ADANI POWER SECURES LOI FROM BSPGCLIN FOCUS
< Page 7 | Page 9 >