Adani Power Wins Rs 20 Billion Project to Supply 1,500 MW to UP

15 May 2025 CW Team

Adani Power Limited has secured a project worth Rs 20 Bn to supply 1,500 megawatts of thermal power to Uttar Pradesh, emerging as the lowest bidder in a competitive tender. The power will be delivered at a levelised tariff of Rs 5.383 per unit.

The supply will come from a greenfield ultra-supercritical thermal power plant with a two-by-eight hundred megawatt configuration, resulting in 1,500 megawatts of net capacity. The facility will be established in the state under the Design, Build, Finance, Own, and Operate (DBFOO) model.

The project, approved earlier this month by the Uttar Pradesh cabinet, involves an estimated investment of approximately Rs 166 Bn ($2 Bn). Adani Power is expected to sign a long-term Power Supply Agreement with Uttar Pradesh Power Corporation Limited.

Construction is projected to create direct and indirect employment for eight thousand to nine thousand people, with around two thousand permanent roles post-completion. The plant is expected to begin supplying power by financial year twenty thirty.

This marks Adani Power’s second major win in the past year, following a composite 6,600 megawatt award in Maharashtra, which has since been converted into a Power Supply Agreement.

Source:CNBC-TV18

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..