Adani inks pact with Essel Green for 40 MW solar project in Odisha

01 Oct 2021 CW Team

Adani Renewable Energy has signed an agreement with Essel Green Energy to acquire a 40 MW operational solar project for Rs 2.9 billion in Odisha.

The solar power project is based on a long-term power purchase agreement (PPA) of 22 years with Solar Energy Corporation of India (SECI) for a tariff of Rs 4.23 per kWh.

After the acquisition, Adani Renewable Energy's portfolio would stand at 19.8 GW. From the total, 5.4 GW power capacity is operational, 5.7 GW capacity is under construction, and the remaining 8.7 GW are in the pipeline.

Managing Director and Chief Executive of Adani Green Energy, Vneet S Jaain, told the media that the company is focused on opportunities to create value for shareholders, along with environment-friendly green energy in India. With this solar project acquisition of 40 MW, AGEL will have its footprints across 12 states in the country. The company is on a growth path to become the world's largest renewable sector by 2030.

Adani Green had signed a share purchase agreement in May to acquire a 100% stake in SB Energy India from SoftBank Group and Bharti Group. The renewable portfolio of SB Energy India is 4,954 MW, spread across four states.

AGEL would acquire 75 MW operational solar assets at a tariff for Rs 4.46 billion in Telangana from Sterling and Wilson, said the sources.

Adani's solar projects acquisition was higher in the second quarter (Q2) of 2021 of 24 GW, compared to 14.6 GW in the previous quarter. In Q2 2021, project developers and independent power producers were the most active, raising the capacity by 13.3 GW.

Image Source

Also read: Adani Group, RIL and 17 other companies bid for making solar modules

Infrastructure Urban

04 Dec 2025

POWERCHINA Strengthens Global Workforce Through Cultural Integration

Power Construction Corporation of China (POWERCHINA or the Company), which manages multiple infrastructure projects across six continents, continues to emphasise meaningful connections that encourage cultural exchange and shared development. Through local employment, cross-cultural integration, community activities, environmental protection initiatives, and employee development, the Company promotes inclusive growth while demonstrating a strong commitment to people, society, and culture. Across POWERCHINA’s overseas operations, trust is built through actions rather than hierarchy. Maqbul fr..

Bondada Engineering Commissions 48.47 MWp Solar Projects

Bondada Engineering Limited has commissioned 48.47 MWp of solar power projects, reinforcing Bharat’s clean energy transition. Executed for Paradigm IT, MAHAGENCO and NLC India Limited, the developments span Dhule, Sambhajinagar, Jalgaon and Parbhani in Maharashtra, along with Neyveli in Tamil Nadu. The projects aim to enhance regional power availability while supporting national renewable energy targets.The achievement underscores the Company’s emphasis on timely delivery and adherence to stringent quality, safety and operational benchmarks. Each cluster benefited from detailed planning, s..

Walplast Marks 2025 With Strong Expansion and Innovation

Walplast Products Pvt Ltd marked 2025 as a year of significant expansion, innovation and brand consolidation, supported by new product launches, enhanced manufacturing capacity, strong category growth and high-visibility partnerships.The Company broadened its decorative paints and surface preparation portfolio with the launch of HomeSure MasterTouch Lush Interior and Exterior Emulsions, alongside HomeSure MasterTouch Prime Interior and Exterior Primers. The Lush emulsions offer durable finish, high coverage and long-lasting colour retention, with the exterior variant engineered for UV resistan..