NGEL-NREDCAP Pact for Energy Push

25 Nov 2024 CW Team

The pact includes ?2 lakh crore funding for large-scale solar, wind, and green hydrogen projects in Andhra Pradesh. It represents one of the largest renewable energy collaborations in India. Project Scope:

Focused on developing hybrid renewable energy plants to ensure consistent power generation. Includes green hydrogen and green ammonia facilities to cater to global and domestic markets. Strategic Goals:

Contributes significantly to India’s 500 GW renewable energy target by 2030. Aims to position Andhra Pradesh as a hub for renewable energy exports. Timeline and Development:

Projects are expected to roll out in phases over the next decade, creating long-term energy infrastructure. Potential Benefits: Economic Growth:

Attracts global investments and spurs industrial growth in Andhra Pradesh. Generates employment opportunities, particularly in renewable energy manufacturing, installation, and operations. Environmental Impact:

Reduces carbon emissions, contributing to India's Net Zero targets. Promotes sustainable energy solutions, reducing reliance on fossil fuels. Energy Security:

Establishes a robust renewable energy base, enhancing energy security for the state and the country. Encourages energy storage innovations for grid stability. Global Leadership:

Aligns Andhra Pradesh with global renewable energy pioneers, promoting green hydrogen exports. Showcases India’s commitment to climate action on an international stage. Conclusion: The NGEL-NREDCAP agreement marks a transformative step in India's renewable energy landscape. By focusing on 25 GW of clean energy, this collaboration not only boosts Andhra Pradesh’s economic potential but also strengthens India's position as a global leader in the energy transition.

The NTPC Green Energy Limited (NGEL) and New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) have signed an agreement worth ?2 lakh crore to establish 25 GW renewable energy projects. This partnership underscores Andhra Pradesh's ambitions to lead India’s clean energy revolution. Key Highlights: Investment Details: The pact includes ?2 lakh crore funding for large-scale solar, wind, and green hydrogen projects in Andhra Pradesh. It represents one of the largest renewable energy collaborations in India. Project Scope: Focused on developing hybrid renewable energy plants to ensure consistent power generation. Includes green hydrogen and green ammonia facilities to cater to global and domestic markets. Strategic Goals: Contributes significantly to India’s 500 GW renewable energy target by 2030. Aims to position Andhra Pradesh as a hub for renewable energy exports. Timeline and Development: Projects are expected to roll out in phases over the next decade, creating long-term energy infrastructure. Potential Benefits: Economic Growth: Attracts global investments and spurs industrial growth in Andhra Pradesh. Generates employment opportunities, particularly in renewable energy manufacturing, installation, and operations. Environmental Impact: Reduces carbon emissions, contributing to India's Net Zero targets. Promotes sustainable energy solutions, reducing reliance on fossil fuels. Energy Security: Establishes a robust renewable energy base, enhancing energy security for the state and the country. Encourages energy storage innovations for grid stability. Global Leadership: Aligns Andhra Pradesh with global renewable energy pioneers, promoting green hydrogen exports. Showcases India’s commitment to climate action on an international stage. Conclusion: The NGEL-NREDCAP agreement marks a transformative step in India's renewable energy landscape. By focusing on 25 GW of clean energy, this collaboration not only boosts Andhra Pradesh’s economic potential but also strengthens India's position as a global leader in the energy transition.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..