Kintech, H.G Infra, Bhilwara, and Advait Win GUVNL's BESS Auction

06 Dec 2024 CW Team

Kintech Synergy, H.G Infra Engineering, Bhilwara Energy (LNJ Bhilwara Group), and Advait Infratech emerged victorious in Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase IV standalone Battery Energy Storage Systems (BESS) auction.

This project was awarded following the introduction of Viability Gap Funding (VGF) support and an increase in capacity to 500 MW/1000 MWh from the initial 400 MW/800 MWh tender issued in October 2024.

H.G Infra Engineering secured 250 MW with a quoted tariff of Rs 225,985 ($2670.59) per MW per month. Kintech Synergy and Bhilwara Energy each secured 100 MW at tariffs of Rs 225,985 ($2670.59) and Rs 225,993 ($2670.68) per MW per month, respectively. Advait Infratech won 50 MW at a tariff of Rs 226,000 ($2670.76) per MW per month.

Under the revised tender, VGF is capped at Rs 2.7 million ($32,114) per MWh, or 30% of the project's capital cost, whichever is lower. Developers are required to submit a certificate verifying the capital cost within six months of the project's Commercial Operation Date (COD).

VGF disbursements will be made in five tranches: 10% at financial closure, 45% at COD, and the remaining 45% over the next three years, subject to certification by the Central Electricity Authority.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..