APTEL Grants 289-Day Extension for POWERGRID Transmission Project

21 Aug 2024 CW Team

The Appellate Tribunal for Electricity (APTEL) determined that the POWERGRID Southern Interconnector Transmission System is entitled to a 289-day extension for completing its transmission project, acknowledging that the delay resulted from ?force majeure? events. Consequently, the Central Electricity Regulatory Commission has been directed to issue a new order, taking into account the appellate authority?s observations, and has been given two months to finalize this process.

In a separate decision, the Uttar Pradesh Electricity Regulatory Commission (UPERC) approved a petition from the Uttar Pradesh Power Corporation (UPPCL) for the procurement of 2,000 MW of solar power. This move aligns with the government?s objective to reach 500 GW of non-fossil-based installed power capacity by 2030. UPPCL's proposal for acquiring 2,000 MW of solar power is intended to support this target. The tender documents were developed according to the Ministry of Power?s guidelines for tariff-based competitive bidding for solar projects. These projects are expected to be executed on a build, own, operate, and maintain (BOOM) basis, with a 25-year Power Purchase Agreement (PPA) duration. The Uttar Pradesh Solar Policy 2022 will be applicable, offering various advantages to developers.

Infrastructure Energy

09 Jan 2026

TARIL Q3 FY26 Revenue Jumps 32% to Rs 7.36 Bn, Profits Surge

Transformers & Rectifiers (India) (TARIL) reported a robust financial performance for the third quarter ended December 31, 2025, posting strong growth across revenue and profitability metrics. The company, a leading manufacturer of power and specialty transformers, benefited from improved operating leverage, disciplined execution and ongoing process optimisation initiatives.During the quarter, TARIL recorded consolidated revenue from operations of Rs 7.36 billion, marking a year-on-year growth of 32 per cent. EBITDA stood at Rs 1.29 billion, up 38 per cent year-on-year, while profit after ..

Green Power International Wins 384 TKM Rail Electrification Deal

Green Power International has secured a 384 track kilometre (TKM) overhead electrification contract from South-Eastern Railway for the Adra Division, further strengthening its presence in India’s railway electrification segment. The project involves upgrading the existing electric traction system from 1x25 kV to 2x25 kV on key routes within the division.Under the contract, Green Power International will undertake the design, supply, erection, testing and commissioning of the upgraded traction system for the Asansol–Adra–Bhojudih–Dhanbad section. The scope of work will be executed in ac..

Teknovace, Remmers Forge Rs 3 Bn Deal for Global Coatings Hub

Teknovace has entered into a strategic global partnership with Germany-based Remmers Gruppe SE to build a large-scale, export-oriented wood coatings manufacturing platform in India. As part of the alliance, Remmers will make a strategic equity investment of Rs 3 billion to acquire a 50.01 per cent stake in Teknovace in two tranches, marking one of the largest foreign strategic investments in India’s wood coatings sector.The partnership comes at a time when India’s wood coatings market, valued at around $1.3 billion (Rs 100 billion), is growing at an estimated 11% annually, driven by demand..