Andritz Secures Order From Torrent Power For 3,000 MW Pumped Storage

17 Apr 2026 CW Team

ANDRITZ has secured an order from Torrent Power to supply electromechanical equipment for a 3,000 MW pumped storage project in Maharashtra. The Saidongar-1 Karjat pumped storage plant, being developed by Torrent Energy Storage Solutions, a subsidiary of Torrent Power, will have a total capacity of 3,000 MW and will become India’s largest pumped storage facility once operational. The contract positions the project as a significant addition to the country’s grid storage capability.

Under the contract ANDRITZ will design, manufacture, install, test and commission 10 reversible pump turbine units together with motor-generators and associated electromechanical systems, with execution to leverage its manufacturing base in India and a global engineering network. The order value is reported to be in the low three-digit million euro range and will be recorded in ANDRITZ’s first quarter 2026 order intake. The company will manage project integration and on-site commissioning.

Once commissioned the plant is expected to generate around 6,241 GWh of electricity annually and to reduce carbon dioxide emissions by approximately 4.55 mn t per year, an impact said to be equivalent to removing nearly 1 mn cars from the road. The annual generation figure will support efforts to balance variable renewable generation and to provide grid stability during peak demand. The scale of storage is designed to enable multi-hour dispatchable supply.

Torrent Power described the project as a major milestone in its clean energy transition strategy and indicated it will play a critical role in enabling round-the-clock renewable power supply through large-scale storage. The collaboration was characterised by a combination of engineering capability and utility-scale execution experience to deliver reliable infrastructure. ANDRITZ is currently engaged in seven pumped storage projects across the country.

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..