Indian Oil Issues Tender to Replace 1 MW Solar Modules at Jodhpur

08 Jan 2025 CW Team

Indian Oil Corporation (IOCL) has issued a tender to replace 1 MW of solar modules, along with the necessary cabling and connections, at its 5 MW solar power project in Rawra, Jodhpur, Rajasthan. The project involves integrating the new modules with the existing solar infrastructure.

The last date for bid submissions is January 12, 2025. Bidders must provide an earnest money deposit of Rs 94,500.

Successful bidders are required to review the plans and drawings provided, along with other related documents, and inform the engineer-in-charge of any discrepancies or errors before the work begins. A performance security of 2.5% of the contract value must be submitted, or alternatively, a 10% security deposit of the contract value.

The project must be completed within 24 months.

Bidders should have an annual turnover of Rs 11.33 million in any of the last three financial years. Additionally, they must have completed similar work in the last seven years, either as the main contractor or as a subcontractor. The qualifications include:

One similar completed project costing at least Rs 9.44 million

Two similar projects costing at least Rs 7.55 million

Three similar projects costing at least Rs 5.67 million

Similar work involves the supply, installation, testing, and commissioning of solar modules of 300 kWp or more under a single work order.

In October 2024, IOCL also invited bids for the annual operation and maintenance of 4,360 kW rooftop solar systems at its Paradip Refinery & Township in Odisha.

Additionally, the company sought bids for technical consultancy services for setting up renewable energy projects across India.

(Mercom)

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..