BluPine Secures Rs 24.16 Billion For Karnataka Green Project

25 Jun 2025 CW Team

BluPine Energy has secured Rs 24.16 billion in debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) project in Aland, Karnataka. The funding was arranged for its wholly owned subsidiary, Solarcraft Power India 16 Pvt Ltd, under the SJVN 1,500 MW FDRE tender dated June 20, 2023.

Standard Chartered acted as the Mandated Lead Arranger, Sole Green Coordinator, Lender, and Account Bank for the transaction. The project, comprising a mix of solar, wind, and battery energy storage systems, is expected to become operational in 2026. Once commissioned, it will enhance grid reliability and provide consistent support to electricity distribution companies (DISCOMs), especially during peak demand hours.

Sanjeev Bhatia, CFO of BluPine Energy, said the funding enables the company to build hybrid renewable systems that address intermittency and strengthen energy supply. Prasad Hegde, Regional Head at Standard Chartered, emphasised the bank’s role in ensuring timely financial closure for BluPine’s projects in India.

The FDRE plant is anticipated to reduce carbon dioxide emissions by approximately 687,043 tonnes annually, contributing meaningfully to India’s energy transition and climate targets.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..