Maharashtra inks MoU for 1,500 MW pumped-storage project

11 Nov 2025 CW Team

The Maharashtra government has signed a Memorandum of Understanding (MoU) with GSC PSP Maha to develop the 1,500 MW Panchmauli–Deolipada pumped-storage project in the Dhule and Nandurbar districts. The project, valued at approximately Rs 8,000 crore, marks the state’s 51st pumped-storage initiative.

Chief Minister Devendra Fadnavis presided over the MoU signing between the state’s Water Resources Department and GSC PSP Maha. He directed that all approvals—covering water usage and environmental clearances—be fast-tracked.

Fadnavis noted that Maharashtra has set a target of 100,000 MW capacity through pumped-storage projects, emphasising the role of the Sahyadri mountain ranges in providing favourable geography for such developments.

He also highlighted the state’s ambition in solar infrastructure, citing a 16 GW distributed solar capacity aimed at meeting agricultural power demand. These efforts are intended to position Maharashtra as a leader in renewable energy and sustainable growth.

The agreement signals a strengthened commitment to grid stability and storage expansion, vital as India deepens its renewable-energy penetration and shifts toward cleaner power systems.

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),..