NTPC, SJVN, Hinduja Win RUMSL's Phase II Solar Auction

10 Aug 2023 CW Team

The winning bidders in Rewa Ultra Mega Solar's (RUMSL) auction for the construction of a 300 MW floating solar park (Phase II) in the Omkareshwar reservoir in Madhya Pradesh are NTPC Renewable Energy, SJVN Green Energy, and Hinduja Renewables Energy.

SJVN Green Energy won 90 MW by bidding $3.79 (about $0.0458 per kWh), NTPC Renewable Energy won 80 MW at $3.80 (about $0.0459 per kWh), and Hinduja Renewables Energy won 80 MW with the price of $3.89 (about $0.0470 per kWh), according to Mercom sources. The project's tender was floated in April of this year by RUMSL, a joint venture between the Solar Energy Corporation of India and the Madhya Pradesh Urja Vikas Nigam.

After it was first put up for auction in November 2022, where the same firms obtained various capacities at substantially cheaper prices, the capacity under Phase I was retender.

Three units of grid-connected floating solar photovoltaic projects make up the expected 300 MW capacity of the floating solar park under Phase ll.

The projects must be built on a build-own-operate basis by the winners.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..