ACME Solar Receives Rs 31.84 Billion for Renewable Energy Project

18 Aug 2025 CW Team

ACME Hybrid Urja, a subsidiary of ACME Solar, has received Rs 31.84 billion from REC Ltd to build a 280 MW firm and dispatchable renewable energy (FDRE) project. The construction will be carried out with NHPC. REC is the sole financier for the project, with the tenure of the financing being 18 years.

This is the third time REC has financed an ACME Solar FDRE project, the first two times being earlier projects which have a combined capacity of 570 MW. Under the contract, ACME will provide NHPC with power at a tariff of Rs 4.64/kWh for the next 25 years. The power will be generated from multiple renewable energy technologies such as solar and battery energy storage systems. The project is designed to meet a minimum annual capacity utilization factor (CUF) of 40% and a monthly peak hours availability of 90%.

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..