GE Power India Wins $33M Saundatti Hydro Expansion Deal

03 Mar 2025 CW Team

GE Power India Ltd (GEPIL) has secured an additional contract worth Rs 2,735 million ($33 million), excluding taxes, from GREENKO KA01 IREP Private Ltd. This contract is an extension of its existing agreement for the Saundatti Hydro Project in Belagavi, Karnataka.

"…we would like to notify that there has been an addition in the scope of the aforementioned contract with GREENKO KA01 IREP Pvt. Ltd," GE Power India stated in a regulatory filing.

The new contract covers the engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment for an additional 320 MW unit at the Saundatti pumped storage project (PSP).

The original contract, awarded on April 29, 2022, was valued at approximately $113 million and involved supplying and installing the complete electro-mechanical package for 3 x 320 MW + 2 x 160 MW vertical Francis pump turbine fixed-speed machines, totaling 1,280 MW.

This expansion falls under GE Power’s hydro business and will be managed as per the business transfer agreement with GE Power Electronics (India) Private Ltd, which has been renamed GE Vernova Hydro Power India Private Ltd following the sale and transfer of its hydro business.

Meanwhile, shares of GE Power India Ltd closed at Rs 245, down 3.54% on the BSE.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..