NTPC REL Seeks Solar Modules for 1.2 GW Khavda Projects

21 Aug 2025 CW Team

NTPC Renewable Energy (NTPC REL) has invited bids to supply solar modules for its 1,200 MW solar projects at the Khavda Renewable Energy Park in the Rann of Kutch, Gujarat.

Bids must be submitted by 28 August 2025 and will be opened on the same day.

Bid Requirements

Bidders are required to submit an earnest money deposit (EMD) depending on the block size applied for:

Rs 100 million (~$1.16 million) for 393.9 MWp (one block)
Rs 200 million (~$2.29 million) for 787.8 MWp (two blocks)
Rs 200 million (~$2.29 million) for 1,181.7 MWp (three blocks)
Rs 200 million (~$2.29 million) for 1,575.6 MWp (all four blocks)

In addition, a document fee of Rs 22,500 (~$262) is payable.

Scope of Work

The scope includes the manufacturing, supply, packing, forwarding, and transportation of bifacial crystalline silicon modules with a minimum nominal power rating of 570 Wp to the Khavda site.

Eligibility Criteria

Bidders must have supplied or manufactured at least 200 MW of solar modules or cells within any 12 consecutive months in the past five years, including at least one order of 50 MW or above.
Only modules listed under the Approved List of Models and Manufacturers (ALMM) List-I will be accepted.
Group or subsidiary companies may apply through a joint undertaking.
Applicants must have an annual manufacturing capacity of at least 1.67 times the quoted capacity.
Financially, bidders must show a minimum average annual turnover equal to quoted capacity (MW) x Rs 2.47 million (~$28,721) over the past three years. Net worth must equal at least the paid-up share capital, either individually or consolidated with holding or subsidiary companies.

Recent Developments

NTPC REL recently invited bids for crystalline bifacial modules for 1,000 MW solar projects in Lalitpur and Chitrakoot, Uttar Pradesh. In April 2025, it also sought bids for a 2 MW green hydrogen generation system at Sipat, Chhattisgarh, under its green hydrogen mobility project.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..