HG Infra Bags Rs 11 Bn Battery Storage Project from NTPC

27 Nov 2024 CW Team

HG Infra Engineering has secured a Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam Ltd. for a 500 MW/1000 MWh standalone battery energy storage project in India. The total value of this battery storage project is estimated at Rs 11 billion, with a completion timeline of 1.5 years.

HG Infra's bid was selected through a global competitive bidding process. The project, with a tariff rate of Rs 2,38,000 per MW per month, will significantly contribute to India's energy storage capacity. However, HG Infra reported a 16% decline in its net profit for Q2 FY25 compared to the same period last year. Revenue from operations also decreased by 5.5%, though EBITDA margin showed an improvement, reflecting enhanced operating efficiencies.

Additionally, HG Infra emerged as the lowest bidder for a road project in Gujarat, which involves upgrading a six-lane highway with an elevated corridor on National Highway 47. The project is valued at Rs 781.11 crore and will be completed under the Hybrid Annuity Model (HAM) with a construction period of 2.5 years.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..