Hindustan Zinc would purchase up to 200 MW of renewable energy

07 Sep 2022 CW Team

Hindustan Zinc has signed a long-term renewable power delivery deal with a capacity of 200 MW and purchased a 26% stake in Serentica Renewables India 4, a special purpose entity, for Rs 3.5 billion.

The SPV was established by Sterlite Electricity Transmission to carry out renewable energy projects in order to meet Hindustan Zinc's long-term power needs.

The remainder of the shares in the SPV will be held by affiliated businesses of Hindustan Zinc. The project will be financed at a debt-to-equity ratio of 70:30.

According to the investment agreement, the equity investment will be equal. The agreed-upon pricing has been independently benchmarked by a third party using a cost-plus methodology recommended by the Central Electricity Regulatory Commission and the current market tariff for renewable energy.

Also read:
NHPC inks MoU with PTC India for sale of power
CEB invites bids for ground-mounted, floating solar projects

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..