NLC & MAHAPREIT JV to Develop 5 GW Renewable Energy in Maharashtra

31 May 2025 CW Team

NLC India Renewables (NIRL), a subsidiary of the state-owned coal mining company NLC India, has formed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), an entity under the Maharashtra government, to collaboratively develop renewable energy projects in Maharashtra.

The newly established joint venture company plans to develop 5 GW of renewable energy capacity within the state, initially targeting 2 GW. Its projects will encompass ground-mounted solar, wind, hybrid systems, floating solar, battery energy storage systems (BESS), and pumped hydro storage.

NIRL will hold a 74 per cent stake in the joint venture, while MAHAPREIT will own the remaining 26 per cent.

MAHAPREIT will be responsible for facilitating the identification and allocation of land for these projects, as well as supporting the development of the power evacuation system to connect to the grid. On the other hand, NIRL will handle the preparation of detailed project reports, arranging financing, and the overall development of the renewable energy projects.

The electricity generated by these projects will be sold via both regulated and competitive mechanisms, in accordance with Sections 62 or 63 of the Electricity Act, to distribution companies (discoms), government agencies, and commercial and industrial consumers.

NLC India holds the distinction of being the first central public sector undertaking (CPSU) in India to establish 1 GW of renewable energy projects. The company aims to reach a renewable energy capacity of 10 GW by 2030, aligning with the country's goals for decarbonisation and energy security.

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..