NHPC, IOCL Team Up for Pumped Storage and Renewables

02 Jul 2025 CW Team

State run power major NHPC and Indian Oil Corporation Ltd (IOCL) have signed a memorandum of understanding to pursue joint ventures for pumped storage, hydroelectric and other renewable energy schemes in India and overseas. The agreement, inked in New Delhi by NHPC Executive Director Rajat Gupta and IOCL Executive Director Pravin Dongre, seeks to create long term collaboration that accelerates both companies’ transition to cleaner power.

Senior leaders present included NHPC Chairman and Managing Director R.K. Chaudhary, Director (Finance) R.P. Goyal and Director (Technical) Suprakash Adhikari, alongside IOCL Director (Planning & Business Development) Suman Kumar. They emphasised that a shared development pipeline will open new pathways for expanding each firm’s renewable portfolio, with pumped storage projects providing vital grid flexibility as India scales up intermittent solar and wind capacity.

The partnership will identify suitable sites, conduct feasibility studies and, where viable, establish joint venture vehicles to build and operate the assets. Both companies expect the collaboration to bolster India’s broader decarbonisation targets while tapping emerging opportunities in neighbouring countries. Detailed project outlines will follow once technical and financial evaluations are completed.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..