KPI Green Energy, SAEL and NLC India Win GUVNL Solar Auction

05 Jul 2023 CW Team

Guiarat Urja Vikas Nigam's (GUVNL) auction for the development of 800 MW of grid-connected solar power projects (Phase XX at the Khavda Solar Park in Gujarat) was won by KPI Green Energy, SAEL Industries, and NLC India.

The developers have access to an additional 800 MW greenshoe option. KPI Energy won 100 MW by offering a quote of $2.70 (or $0.033)/kWh. 400 MW and 300 MW, respectively, were won by SAEL Industries and NLC India at quotes of 2.71 (around $0.033)/kWh.

This year's tender was floated in May.

With the chosen bidders, GUVNL will sign a power purchase agreement (PPA) that will last 25 years starting on the project's anticipated commercial operation date.

The undertaking need to be planned to offer energy to GETCO (Gujarat Energy Transmission Corporation)'s surroundings. The winning bidder oversees establishing grid connectivity with GETCO or the primary transmission utility.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..