Maha signs Rs 50k cr renewable energy deal with ReNew Power

30 May 2022 CW Team

The Maharashtra energy department had signed a Memorandum of Understanding (MoU) worth Rs 50,000 crore with ReNew Power, India’s leading renewable energy company, at Davos for investments in the renewable energy sector across the state for the next 6-7 years.

It was signed in the presence of the Minister of Maharashtra Tourism and Environment, Aaditya Thackeray, in Davos, attending the World Economic Forum (WEF), along with State Minister of Industries Subhash Desai and lastly, State Minister of Energy Nitin Raut.

Managing Director of Maharashtra State Electricity Distribution Company Limited (MSEDCL), Vijay Singhal, who signed the MoU, told the media that it was one of the biggest investments for Maharashtra in the renewable energy sector.

He added that the MoU had been signed for renewable energy generation in the state through solar and wind power sources.

An official said that this project would create 30,000 employment opportunities. The investment will further be carried in renewable energy projects like solar, wind, hybrid energy and green hydrogen plant.

Image Source

Also read: Maharashtra to generate 17,385 MW from solar projects in five years

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..