Kalpataru Power Transmission Ltd (KPTL) and its subsidiaries have bagged new orders worth Rs 4,474 crore. Kalpataru Power Transmission — a leading global EPC (engineering, procurement and construction) player in the power and infrastructure contracting sector — and its subsidiaries have secured new orders/ notification of awards of Rs 4,474 crore at the consolidated level, a […]
Integrated solar company, Tata Power Solar Systems a wholly owned subsidiary of Tata Power Company has bagged an order of 300 megawatt (MW) solar project worth Rs 1,731 crore, inclusive of tax from NHPC. The project site is located in Rajasthan and will be developed under the central public sector undertaking (CPSU) scheme of Indian […]
A wholly-owned unit of Reliance Industries Ltd, Reliance New Energy Solar Ltd, has become one of the promoters of Sterling and Wilson Renewable Energy Ltd by acquiring a 15.46 per cent stake through a preferential allotment of shares. Priced at Rs 375 a share, the preferential allotment transaction closed on December 30, Sterling and Wilson […]
State owned Bharat Heavy Electricals (BHEL) has successfully commissioned India’s largest, 25 megawatt (MW) floating solar plant, at NTPC Simhadri in Andhra Pradesh. “BHEL has successfully commissioned India’s largest Floating Solar PV plant. Notably, with its unique state-of-the-art design, the project is an engineering marvel,” said the company statement. BHEL said its scope of work […]
India’s NHPC Limited (National Hydro Power Corporation) has invited bids for engineering, procurement, and construction of a 500 megawatt (MW) solar power project connected with the interstate transmission system (ISTS) in Tamil Nadu. The successful bidder will have to take care of the project’s operation and maintenance (O&M) activities for the next ten years. The […]
Tata Power’s consolidated net profit jumped by nearly 74 per cent to Rs 465.69 crore in the April-June quarter of 2021 compared to Rs 268.10 crore in the year-ago period. Total income during April-June 2021 increased to Rs 10,145.89 crore from Rs 6,540.42 crore in the year-ago period, according to a regulatory filing by the […]
Uncertainty in steel prices have prompted a few engineering procurement and construction (EPC) players in the highways sector to negotiate with the domestic steel majors for fixed-price annual contracts. Concerned about the rising cost of the raw material, some of them have requested the ministry of road transport and highways (MoRTH) to consider the inclusion […]
State-owned Indian Renewable Energy Development Agency (IREDA) recently entered into a memorandum of Understanding (MoU) with Satluj Jal Vidyut Nigam Ltd (SJVN) for collaboration on green energy projects. As per the understanding, IREDA will provide its services to SJVN for its green energy projects, which includes undertaking all Techno-Financial due diligence of renewable energy, energy […]
Tata Power posted a 10 per cent increase in consolidated net profit at Rs 371 crore for the quarter ended September 2020. “Consolidated PAT stood at Rs 371 crore (in July-September 2020) up by 10 per cent as compared to Rs 339 crore in Q2 FY20 due to stable performance across businesses,” said a company […]
