Azad Engineering Secures Rs 4.46 Billion Deal With GE Vernova for Airfoils
Azad Engineering, a precision engineering firm based in India, has signed a Rs 4.46 billion agreement with GE Vernova’s Steam Power Services business unit. The six-year deal, valid through 2030, involves the manufacturing and supply of complex rotating and stationary airfoils for nuclear, thermal and industrial power applications.The contract aims to deepen the long-standing strategic relationship between Azad Engineering and GE Vernova, reinforcing Azad’s role in the global power generation supply chain. The company recently inaugurated a seven thousand six hundred square metre lean manuf..
IEX Eyes Double-Digit Trading Volume Growth in Financial Year 2025–26
Indian Energy Exchange (IEX), the country’s leading electricity exchange, is projected to achieve double-digit growth in trading volumes in financial year 2025–26. Analysts attribute this to enhanced supply-side liquidity and the launch of new products.This year, the power sector expects additions of eleven gigawatts of thermal capacity and up to forty gigawatts of renewable energy capacity. This is likely to drive down price discovery in major segments like the Day Ahead Market and Real Time Market.New offerings such as green Real Time Market (RTM) and long-duration contracts (LDCs) of up..
Adani Ports to Expand Vizhinjam with Rs 130 Billion Investment
Adani Ports and Special Economic Zone (APSEZ), the flagship company of the Adani Group and India’s largest private port operator, plans to invest Rs 130 billion in phase two of the Vizhinjam International Seaport. The project will increase cargo handling capacity from one point two million to nearly five million twenty-foot equivalent units (TEUs) by 2028. Commissioned on May two by Prime Minister Narendra Modi, the seaport was completed at an estimated cost of Rs 88.67 billion. APSEZ managing director Karan Adani stated that the company is focusing on three major verticals—marine, logist..
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