NHPC and IOCL Sign MoU for Pumped Storage, Renewable Energy Projects

04 Jul 2025 CW Team

NHPC signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) on 27 June 2025 to jointly explore and develop Pumped Storage and other Renewable Energy Projects in India and abroad through a Joint Venture arrangement.

The MoU signifies a strategic partnership aimed at fostering long-term cooperation between the two public sector entities. The collaboration will focus on identifying and pursuing opportunities in Pumped Storage, Hydroelectric, and various other renewable energy segments, both domestically and internationally.

Senior officials from both organisations were present during the signing ceremony, highlighting the importance of the alliance. The partnership is expected to contribute significantly to the expansion of the renewable energy portfolios of NHPC and IOCL, supporting their broader clean energy goals.

News source: E gov

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..

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..

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..