First residential group captive solar project to be built by TPREL

13 Jan 2023 CW Team

A residential society in Mumbai named Vivarea Condominium and Tata Power Renewable Energy (TPREL) has signed a contract for the delivery of solar energy. The 3.125 MW solar project, a first of its type, will be built in Himayatnagar, Maharashtra, to provide the community with clean energy. This captive solar power plant, which is anticipated to produce roughly 7.5 MU of electricity and offset 6.15 metric tonnes of CO 2 in its first year, will be built, operated, and maintained by the company, one of India's leading integrated renewable energy enterprises and a subsidiary of Tata Power.

The project will be completed by October 2023 and will supply Vivarea Condominium with green power at a price that is 40% less expensive than the going rate. This will make Vivarea the first residential society in the nation to employ captive solar energy for household purposes. Shivram Bikkina, Chief (Rooftop), Tata Power Renewable Energy, said: “This association is a testament to TPREL’s continuing efforts to mainstream the usage of renewable energy.” The company's portfolio includes more than 1.3 GW of rooftop and distributed generation projects around the nation, in addition to 10 GWp of ground-mounted utility-scale solar installations. TPREL also runs a factory in Bangalore with a 1,135 MW capacity for producing modules and cells.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..