JSERC Approves Bokaro Steel’s 100 MW Solar Power Deal

13 Mar 2025 CW Team

The Jharkhand State Electricity Regulatory Commission (JSERC) has approved a power sale agreement (PSA) between Bokaro Steel (BSL), a Steel Authority of India (SAIL) company, and Solar Energy Corporation of India (SECI) for the purchase of 100 MW of solar power.

The Commission sanctioned the agreement with a solar power tariff of Rs 2.85/kWh, comprising Rs 2.50/kWh as the solar power developer’s rate, Rs 0.07/kWh as SECI’s trading margin, and Rs 0.28/kWh for the estimated financial impact of basic customs duty (BCD) and GST. The purchase will also remain exempt from interstate transmission system (ISTS) charges if the project is commissioned by June 30, 2025, under CERC Regulation 2023.

Bokaro Steel’s move to procure solar power aligns with its renewable purchase obligations and offers cost stability compared to its current power supply from the Damodar Valley Corporation (DVC), priced at Rs 4.05/kWh. The long-term solar power deal is expected to reduce costs and provide financial relief by securing a fixed tariff over 25 years.

In June 2024, JSERC had recognised Bokaro Steel’s cogeneration plants as fulfilling renewable purchase obligations, citing their environmental benefits, including reduced emissions and fossil fuel conservation.

(pib)

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..