Anboto, Avaada, Apraava, ReNew get NTPC's 1.5 GW solar projects

08 Jan 2024 CW Team

Anboto Solar (Solarpack), Apraava Energy, Avaada Energy, and ReNew Solar Power emerged as victors in NTPC's auction for the establishment of 1,500 MW interstate transmission system (ISTS)-connected solar power projects (Tranche-I) across India.

Anboto Solar secured 300 MW with the lowest tariff of Rs 2.60 (~$0.0312)/kWh. Avaada and Apraava claimed 500 MW and 300 MW, respectively, at a tariff of Rs 2.65 (~$0.0318)/kWh. ReNew clinched 400 MW out of the 600 MW offered at the same tariff of Rs 2.65 (~$0.0318)/kWh.

The entire 1.5 GW capacity was allocated in this auction, with Sprng Energy, quoting Rs 2.74 (~$0.0329)/kWh for 250 MW capacity, failing to qualify.

NTPC issued the tender in October 2023, specifying that developers must maintain an annual capacity utilisation factor between 80% and 120% during the 25-year power purchase agreement duration. The use of commercially established technologies and adherence to the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers for solar modules were mandated.

In December 2023, NTPC Renewable Energy invited bids for land and an extra-high-voltage transmission system package for ISTS-connected solar power projects up to 800 MW capacity in Maharashtra.

The MNRE's Renewable Energy Implementing Agencies issued 35.51 GW of project tenders until December 2023, falling short of the 50 GW target for the financial year 2023-24. NTPC accounted for approximately 42% of the total capacity tendered during this period, according to Mercom?s India Solar Tender Tracker.

Equipment

12 May 2026

Liebherr Excavators Win Red Dot Top Honour

Liebherr’s new A 909 Compact and A 911 Compact Litronic wheeled excavators have received the ‘Red Dot: Best of the Best’ award in the Product Design 2026 discipline of the Red Dot Award. The highest honour recognises visionary and exceptionally outstanding product design.The two models, first presented to the public last year, expand Liebherr’s wheeled excavator portfolio. With their compact structure, strong performance and user-oriented design, the A 909 Compact and A 911 Compact set new standards in the compact wheeled excavator segment.The new wheeled excavator series from Liebherr..

NYSE Expands Original Market Programming

The New York Stock Exchange offers a wide range of original programming focused on finance, markets and business leadership. Its Market Update provides a one-minute preview of equity moves, economic data and developments from NYSE-listed and private companies, including major milestones, partnerships and exchange launches.NYSE Live, its flagship morning show, features real-time market action, the Opening Bell, trading floor updates, company stories and interviews. The exchange also presents an Interview Series with industry leaders and innovators, while the Inside the ICE House podcast offers ..

Syrma SGS FY26 Revenue Rises 27%

Syrma SGS Technology reported strong financial performance for FY26, with revenue growing 27 per cent to Rs 48.19 billion. Operating EBITDA increased to Rs 5.45 billion, supported by stronger execution, positive operating cash flow and reduced net working capital days.Managing Director Jasbir Singh Gujral said FY26 was a strong year of execution for the company. Syrma SGS strengthened its presence across automotive, industrial, healthcare and defence verticals, while exports grew 41 per cent and crossed Rs 12 billion.The company also advanced its strategic growth plans through the consolidatio..