Tata Power emerged as the successful bidder in the tariff‑based competitive process, with the project slated for completion in 30 months. REC Power Development and Consultancy Ltd (RECPDCL), a wholly owned subsidiary of power sector financier REC Ltd, handed over Ryapte Power Transmission Ltd, the project‑specific special purpose vehicle (SPV), to Tata Power Co. Ltd...
Tag: transmission
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RECPDCL Transfers Two Key Power Transmission SPVs to Power Grid and Terralight Solar
The successful bidders, chosen through tariff‑based competitive bidding, will develop the projects on a BOOT basis. REC Power Development and Consultancy Ltd (RECPDCL), a wholly owned subsidiary of power financier REC Ltd, handed over two project‑specific special purpose vehicles (SPVs) for inter‑state transmission projects to the respective successful bidders on July 29. The SPVs transferred...
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KEC International Secures First Data Centre Line Order in ₹1.18 Billion Wins
With these wins, the company’s year‑to‑date order intake has crossed ₹5.2 billion, reflecting strong traction across T&D, renewables, civil and cables. RPG Group company and leading EPC player KEC International Ltd., has announced new orders worth ₹1.18 billion across its transmission & distribution (T&D), renewables, civil, and cables businesses. The T&D business has secured projects across India,...
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Maharashtra Farmers Gain Daytime Irrigation Boost from Avaada’s Solar Push
The state government-led initiative under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) aims to provide farmers with reliable daytime electricity for irrigation while accelerating the shift to decentralised clean energy. Mumbai-headquartered Avaada Group has commissioned 11 solar power projects in Maharashtra’s Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0. The state-led initiative...
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Waaree Energies Acquires Majority Stake in Kotsons to Expand Transformer Manufacturing Capacity
The acquisition comes amid projections of 8-10 per cent CAGR for India’s transformer market, driven by rising demand from emerging sectors such as green hydrogen, EV charging infrastructure, data centres, 5G rollout and railway electrification. Waaree Energies Ltd, India’s largest solar module manufacturer, has acquired a 64 per cent equity stake in Kotsons Pvt. Ltd...
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NALCO’s Lithium Leap: Head Reveals Timeline for Argentina Mines, Global Expansion Plans
Apart from initiating lithium mining operations in Argentina, the Bhubaneswar-headquartered company is also actively exploring smelting partnerships in Australia. India’s largest integrated producer of alumina and bauxite, NALCO, is positioning itself to support the country’s push for critical mineral security—particularly lithium—through overseas ventures, Chairman & Managing Director Bijendra Pratap Singh has said. The company has...
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Tata Power Profit Rises 6% in Q1 FY2026 on Strong Renewable and Distribution Gains
State-level infrastructure mandates and clean energy projects drive revenue and operational momentum across Tata Power’s business verticals. Tata Power, India’s largest vertically integrated power company, reported a consolidated profit after tax (PAT) of ₹12.62 billion for Q1 FY2026, marking a 6 per cent year-on-year increase. The company’s revenue rose to ₹174.64 billion, up 4 per...
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India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
While major global economies are advancing digitalised energy frameworks, the India Energy Stack may be the most ambitious attempt by any country to integrate public infrastructure at scale through a unified ‘stack’ architecture. Following the success of Aadhaar as a national identity card and UPI for digital payments, the government announced an India Energy Stack...
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REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025. Under this agreement,...
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Policy reforms lead to better health, greater lending power
REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....