NTPC and IOCL reach an agreement to establish renewable energy projects

23 Mar 2023 CW Team

In order to address the 24/7 power needs of IOCL refineries, NTPC Green Energy (NGEL) and Indian Oil Company (IOCL) have signed a contract for the establishment of renewable energy projects.

In addition to Gurdeep Singh, Chairman and Managing Director of NTPC and Shrikant Madhav Vaidya, Chairman of IOCL, the JV agreement was signed in their presence.

The two giants will be able to satisfy the government's clean energy targets in their respective main businesses thanks to the signing of this joint venture agreement.

In order to aggressively pursue its green energy business, NTPC through its wholly-owned subsidiary NGEL has set the audacious goal of constructing a renewable power portfolio of 60 GW over the next ten years.

Also read:
Sterlite JV's 2 transmission projects received bids from three companies
Adani Transmission gets certified as single-use plastic-free firm

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..