Hinduja Renewables: 80 MW in largest floating solar park

11 Aug 2023 CW Team

Hinduja Renewables has achieved a significant feat by securing an 80 MW unit in the monumental Omkareshwar floating solar park along the Narmada River banks in Madhya Pradesh. This remarkable park stands as the world's largest single-location floating solar installation.

The triumph was announced by Rewa Ultra Mega Solar Limited (RUMSL), the project's developer and tendering authority, at a tariff rate of Rs 3.89 per kilowatt-hour (kWh). The park, being developed in two phases, is a joint effort between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam, symbolising collaboration in the renewable energy landscape.

Funding for the common infrastructure of this pioneering project is provided by the Asian Development Bank (ADB), further underscoring the international significance of this initiative.

The expansive floating solar park will feature a total installed capacity of 600 MW, harmoniously integrated into the serene landscape along the Narmada River at Omkareshwar Reservoir in Madhya Pradesh's Khandwa district. Hinduja Renewables' successful bid for an 80 MW unit firmly establishes its presence in this ambitious endeavour.

Hinduja Renewables has already achieved gigawatt-scale capacity with multiple projects in different regions of India currently under commissioning. With a proactive approach, the company is actively exploring opportunities in the realms of energy storage and green hydrogen. These efforts align with the broader vision of building a multi-gigawatt renewable energy portfolio in the years to come, contributing significantly to India's clean energy objectives.

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..

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..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..