IOC awards Soshe Power 1 MW grid-connected open access solar project

30 Jul 2024 CW Team

Soshe Power Tech, a solar power developer based in Hyderabad, has been awarded an engineering, procurement, and construction (EPC) contract by Indian Oil Corporation (IOC) for a 1 MW grid-connected open access captive solar power project. The project will be located at IOC?s Northern Region Pipelines in Kurukshetra, Haryana. The total contract value quoted by Soshe Power is Rs 50.3 million, covering both EPC and one year of comprehensive operation and maintenance (O&M) services, with an additional nine years of extended O&M support. The tender for this project was issued in April 2024, and Soshe Power is expected to complete the project within seven months from the issuance of the work order. Established in 2019, Soshe Power has a track record that includes a 10 MW single-axis tracker EPC project in Assam, a 2 MW rooftop solar project in Kerala, and a 1.9 MW ground-mounted project for Hindustan Petroleum Corporation in Karnataka. Currently, the company is also developing a 750-kW floating solar project in Bhavnagar, Gujarat, a 2.4 MW rooftop project, and a 1.3 MW project for industrial clients. Earlier this year, IOC issued a tender for an EPC contract for a 1 MW solar power project at Southern Region Pipelines in Chittoor, Andhra Pradesh, and sought bids for the O&M of a 1.1 MW solar power project at the Indane Bottling Plant in Devanagonthi village, Bengaluru Rural district, Karnataka. In another development, Soshe Power won an EPC contract from Hindustan Petroleum Corporation for a 1.9 MW solar power project at Hiriyur in Karnataka, which includes a ten-year operation and maintenance agreement. (Source:Mercom)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..