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.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..