Altra Xergi Wins SECI Auction for Renewable Energy Supply

03 Jan 2025 CW Team

Altra Xergi Power (O2 Power) emerged victorious in the Solar Energy Corporation of India (SECI) auction, winning the bid to supply 8,000 MWh (2000 MW x 4 hours) of renewable energy from interstate transmission system (ISTS)-connected projects. The winning tariff was Rs 8.50 (~$0.099)/kWh for a 200 MW supply.

Other bidders included ACME Solar Holdings and Avaada Energy. However, the total awarded capacity was reduced to 656 MW due to lower bid submissions than expected. The auction tender, floated in September 2024, stipulates that selected bidders must start power supply within 24 months of signing the power purchase agreement (PPA).

The auction involves peak energy supply during four daily peak hours. Any shortfall in supply will result in penalties. Bidders can submit projects anywhere in India, and the capacity can be from renewable or storage systems connected to ISTS. JSW Neo Energy, Hero Solar Energy, and others also won bids for SECI’s Tranche IV renewable energy auction.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..