KPI Green Energy Secures Rs.6.86 Billion for Kutch Solar Project

01 Jul 2024 CW Team

KPI Green Energy has secured a substantial credit facility of ?6.86 billion ($82.1 million) to advance a 200 MW solar photovoltaic power project in Khavda, Kutch District. This funding follows the company's successful fundraising of ?3 billion ($36.08 million) through qualified institutions placement.

The company's board approved the issuance of 2.54 million equity shares to qualified institutional buyers at ?1,183 ($14.23) per share, raising funds primarily for the project. Of the total amount raised, ?2.25 billion ($26.9 million) has already been allocated to support the solar initiative.

KPI Green Energy aims to significantly expand its renewable energy portfolio with the new solar project, part of efforts to achieve 1,000 MW capacity by 2025.

In recent achievements, KPI Green emerged victorious in Gujarat Urja Vikas Nigam's auctions, securing contracts to supply power from both grid-connected solar and wind-solar hybrid projects. The company's strategic bids underscore its growing presence and capabilities in India's renewable energy sector.

With a current order book exceeding 524 MW and recent acquisitions like KPark Sunbeat, KPI Green continues to strengthen its position as a key player in sustainable energy development.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..