GUVNL's solar auction marks milestone in renewable energy drive

29 Dec 2023 CW Team

In a pivotal move towards advancing renewable energy initiatives, the Gujarat Urja Vikas Nigam (GUVNL) has conducted a successful solar auction, marking a significant milestone in the state's commitment to clean and sustainable power. The auction, which witnessed enthusiastic participation from solar developers, reinforces Gujarat's position as a frontrunner in the renewable energy landscape.

The GUVNL's solar auction attracted competitive bids, showcasing the growing interest and confidence in solar projects within the region. The auction process aligns with the state's ambitious renewable energy targets, aiming to diversify the energy mix and reduce dependence on conventional power sources.

The competitive bidding process is expected to result in the development of new solar projects, contributing substantially to Gujarat's renewable energy capacity. The state has been actively fostering an environment conducive to clean energy investments, and the success of this auction is a testament to the effectiveness of such measures.

As the world increasingly shifts towards sustainable energy solutions, Gujarat's commitment to expanding its solar energy capacity positions it as a key player in India's renewable energy landscape. The GUVNL's efforts to drive solar adoption through well-executed auctions underscore the state's dedication to a greener and more sustainable energy future. The successful outcome of this auction is poised to have a positive ripple effect on the region's energy landscape, promoting cleaner and more environmentally friendly power generation.

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..

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..