KPI Green Wins Rs 12.5 Billion Wind Project in Gujarat

17 Jul 2025 CW Team

KPI Green Energy has secured a 150 MW wind power project from Gujarat Urja Vikas Nigam Ltd (GUVNL) under its Phase IX tender, representing a substantial addition to its renewable energy portfolio and supporting its goal of reaching 10 GW capacity by 2030. The Letter of Intent has been received, with the Power Purchase Agreement pending approval from the Gujarat Electricity Regulatory Commission (GERC).

Part of a 250 MW tender with an additional 250 MW greenshoe option, the GUVNL auction saw KPI Green emerge as one of the key winners. The awarded project, valued at approximately Rs 12.5 billion, will be developed in Gujarat, reinforcing the state’s role as a renewable energy frontrunner.

The project will contribute to the national goal of achieving 500 GW of non-fossil fuel energy capacity by 2030 and marks a milestone in KPI Green’s ability to succeed in competitive auctions.

Investor sentiment responded positively following the announcement, reflecting market confidence in KPI Green’s ability to execute large-scale clean energy projects. Once the PPA is executed post-GERC approval, the project’s development phase will officially begin.

This project also forms part of Gujarat’s broader strategy to expand its green energy infrastructure, increasing the integration of renewables into the power grid and promoting a more sustainable energy future.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..