Indore Commissions 60 MW Jalud Solar Plant

23 Apr 2026 CW Team

Indore has commissioned a 60 megawatt (MW) solar power plant at Jalud, developed by Rays Power Infra Limited and spread over 220 acres. The project was executed under the CPSU Scheme Phase II, Tranche II of the Ministry of New and Renewable Energy and the Solar Energy Corporation of India. The foundation stone was laid by Narendra Modi on 24 December 2023 and the plant was commissioned on 3 March 2026.

The project was built on a total investment of Rs 2.71 billion (bn) and was funded through green bond proceeds alongside viability gap funding of Rs 420 million (mn) from the Government of India. The facility uses domestically manufactured DCR category solar PV modules, aligning the development with the Make in India initiative. The company has entered a 10-year operation and maintenance agreement to manage plant performance.

The plant is expected to generate more than eight mn units of electricity per month and to deliver substantial savings for the Indore Municipal Corporation, with monthly electricity bill reductions estimated between Rs 30 mn and Rs 42 mn. The authority anticipates cost recovery within approximately nine years, driven by reduced procurement from conventional sources and lower operational expense. The capacity addition strengthens the city's clean energy portfolio.

From an environmental perspective the scheme is anticipated to yield about 86,000 carbon credits annually and to result in emissions reductions comparable to the impact of nearly four mn trees. The generation will primarily support energy intensive services, including water supply and pumping systems, thereby improving service efficiency and resilience. The implementation involved co-ordination with the Government of Madhya Pradesh and key state utilities.

Real Estate

20 May 2026

WSB Invests in Omaxe for Tier II Expansion

WSB Partners, a real estate-focused investment firm, has invested Rs 750 million in Omaxe Group to support residential plotted developments in Ujjain and Indore.The investment marks WSB’s entry into Tier II markets and reflects growing institutional interest in emerging cities supported by infrastructure growth, improving affordability and rising housing demand.According to the companies, the funding will be deployed primarily as growth capital, with a portion allocated towards working capital and reserves. The investment has been undertaken alongside affiliates of WSB Partners and co-invest..

RAHSTA Awards 2026 Opens for India’s Leading Road Developers

RAHSTA (Roads and Highways Sustainable Technologies & Advancement), Asia’s leading road infrastructure platform, has officially opened nominations for the RAHSTA Awards 2026 under the Road Developers category. The awards will honour companies and organisations that are shaping India’s highway infrastructure landscape through innovation, sustainability, quality execution and efficient asset management.Scheduled alongside RAHSTA 2026 on July 8–9, 2026 at the Jio World Convention Centre, Mumbai, the awards have emerged as one of the most respected recognitions for the roads and highways..

Railways To Sell 10 per cent In PSUs To Raise Rs Two Point Six Two tn

The railway ministry has outlined a plan to sell up to 10 per cent stakes in several public sector undertakings as part of a broader asset monetisation drive. The move is designed to unlock value and generate funds for capital expenditure and network modernisation. The programme targets private participation through offer for sale and minority stake divestments across operating and finance entities. The initiative follows previous asset recycling efforts and seeks to capture market interest for strategic holdings. The target for the exercise is Rs two point six two trillion (tn) to be realised..