NHPC to Invest Rs.40 billion in Gujarat Pumped Storage Project

09 Jan 2024 CW Team

NHPC, known for its expertise in the energy domain, is poised to make a transformative investment of ?40 billion in Gujarat's Kuppa pumped storage hydro project. This strategic move reflects NHPC's commitment to advancing sustainable energy solutions and contributing significantly to the development of crucial pumped hydro storage infrastructure within Gujarat.

The Kuppa pumped storage hydro project holds immense significance in the renewable energy landscape, particularly in the context of Gujarat's ambitious energy goals. Pumped storage facilities play a crucial role in balancing the grid and ensuring a stable and efficient energy supply. NHPC's substantial investment underscores the company's dedication to fostering clean and sustainable energy sources, aligning with the broader national objectives of increasing the share of renewables in the energy mix.

The infusion of ?40 billion into the Kuppa project is expected to accelerate its development, bringing it closer to operational status. Beyond the immediate impact on Gujarat's energy infrastructure, this investment showcases NHPC's strategic vision to play a pivotal role in shaping the future of renewable energy in India. The Kuppa pumped storage hydro project, with NHPC's substantial backing, is poised to emerge as a cornerstone in Gujarat's journey towards a greener and more resilient energy landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..