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.

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

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HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..