Avaada secures 1400 MWp in solar project wins across India

13 Feb 2024 CW Team

Avaada Energy, a key entity in the Avaada Group?s renewable energy division, is pleased to announce its successful acquisition of approximately 1400 MWp in solar energy projects through recent tenders by central and state government agencies in India.

Marking a significant stride in India?s renewable energy journey, Avaada Energy has secured capacities of 421 MW, 280 MW, and 700 MW in tenders issued by renowned state-owned agencies SECI, GUVNL, and NTPC, respectively. These projects, slated for development in the states of Gujarat and Rajasthan, underscore Avaada?s commitment to expanding its renewable energy footprint across the nation.

Upon finalisation, the Power Purchase Agreements (PPAs) with these agencies will span 25 years, highlighting a long-term commitment to sustainable energy generation. The SECI, GUVNL, and NTPC projects are anticipated to be completed within a 24-month timeframe.

These solar installations are expected to generate an estimated annual output of ~2,410 million units of renewable energy, effectively powering over 1.72 million rural households in India. This initiative is projected to contribute significantly to reducing carbon emissions, with an expected annual CO2 reduction of ~2.24 million tonnes each year, aligning with India's climate objectives.

Vineet Mittal, Chairperson of Avaada Group, commented on the achievement, "Securing these solar projects highlights Avaada Energy's role as a frontrunner in India's renewable energy sector. With these latest additions, Avaada?s portfolio now includes ~6 GW of projects under various stages of development, adding to our operational capacity of ~4.1 GW. This milestone not only reinforces Avaada?s industry leadership but also our commitment to sustainable energy solutions that support India's green energy goals.?

Resources

03 Jun 2026

Farid Khan Becomes CMD, Kamal Bajaj Takes Charge as CEO

profine India Window Technology, a subsidiary of Germany-based profine GmbH and manufacturer of Koemmerling uPVC and aluminium window and door systems, has announced a leadership transition effective 1 June 2026. Farid Khan, who has led profine India as Chief Executive Officer since its inception, has been elevated to the role of Chairman cum Managing Director (CMD). In his new position, Khan will focus on the company's long-term strategic direction, governance and international expansion across South Asia, the Middle East and other non-EU markets. He will continue his responsibilities as Man..

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..