Jubilant to Source 54 MUs from O2 Power’s Hybrid Project

13 Mar 2025 CW Team

Jubilant Ingrevia will procure approximately 54 million units (MU) of power annually for its Gujarat-based manufacturing facility from O2 Power’s wind-solar hybrid project. The power will be supplied through a third-party open access model from an interstate transmission-connected, co-located project in Maharashtra.

The company signed the power purchase agreement (PPA) through its wholly owned subsidiary, Jubilant Infrastructure, enabling its Bharuch plant to meet 50% of its energy needs from renewable sources. Following this deal, 35% of the power requirements for Jubilant’s overall manufacturing facilities will come from renewables.

In FY2024, the company aimed to source 7% of its power from renewables but achieved 5.49%. It has previously signed agreements with O2 Power to supply renewable energy to its facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, with those projects expected to be commissioned in April 2025.

In January 2025, the Gujarat Electricity Regulatory Commission approved a PPA between Jubilant Infrastructure and O2 Renewable Energy III for 9 MW of wind-solar hybrid power. In FY2024, the company consumed 5.60 million m3 of biogas, 0.10 peta joules of energy from biogas, and 0.08 peta joules of solar energy, leading to savings of Rs 255.7 million at its Gajraula and Bharuch plants.

Jubilant plans to increase its renewable energy share by 2.5 times by 2025. The company also holds a 26% stake in AMP Energy C&I and AMP Energy Green Fifteen to procure power from a 15.5 MW solar project and invested Rs 102.50 million in O2 Renewable Energy XVIII Private Limited in 2024.

(mercom)

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..