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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

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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..