GRE Renew Wins Rs 1.75 bn Solar EPC Contract

03 Jul 2026 CW Team

GRE Renew Enertech Limited has said it has received a letter of award from Solarium Green Energy Limited for the execution of Engineering, Procurement and Construction (EPC) works on a utility-scale ground-mounted solar photovoltaic project. The company has been awarded the contract for an approximately 50 megawatt (MW) AC, 65 MW DC plant and related civil, structural, electrical and allied infrastructure. The letter was received on 30 June 2026 and covers delivery on a turnkey basis.

The aggregate contract value is Rs 1.75 bn exclusive of applicable taxes, comprising Rs 1.7 bn towards the EPC contract and Rs 50 mn towards Operation and Maintenance (O&M) services for a period of three years. EPC and O&M services will be provided in accordance with the terms and schedule set out in the letter of award. Payment terms and project milestones are payable as per the LOA.

The scope of work includes full design and construction of the solar plant together with associated infrastructure and subsequent O&M for 36 months. The contract duration for O&M is three years and execution timelines will follow the project schedule specified by the client. The award is for a ground-mounted solar photovoltaic project and aligns with the company’s existing competencies.

GRE Renew Enertech Limited clarified that the order was received in the ordinary course of its EPC business, that neither the promoter group nor related parties have any interest and that the contract does not alter the company’s business model or capital structure. The company said commercial terms are customary and that the disclosure contains factual information only. The firm noted that the award does not constitute forward-looking statements or guarantees of future performance.

Real Estate

21 Jul 2026

ANDPL launches AI assistant for Dharavi residents

Adani Navbharat Developers (ANDPL), the special purpose vehicle implementing the Dharavi Redevelopment Project (DRP), has launched Dharavi Didi, a 24x7 AI-powered digital assistant to provide residents with official information on the redevelopment programme.Accessible through video calls, voice calls and WhatsApp, the platform enables residents to obtain information on surveys, eligibility, documentation, rehabilitation and project updates in Hindi, Marathi and English. Support for Tamil, Telugu and Gujarati is planned in the coming months.According to ANDPL, the initiative is intended to imp..

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..