NTPC REL wins bid for 325 MW solar projects in Madhya Pradesh
POWER & RENEWABLE ENERGY

NTPC REL wins bid for 325 MW solar projects in Madhya Pradesh

On Wednesday, NTPC Renewable Energy Limited (NTPC REL) told the media that it has obtained a Letter of Award (LoA) for installing 325 MW solar energy plants at Shajapur Solar Park in Madhya Pradesh.

NTPC REL has obtained a 105 MW capacity of Rs 2.35 per unit and a 220 MW capacity of Rs 2.33 per unit in the Rewa Ultra Mega Solar’s auction for 450 MW of solar plants at Shajapur Solar Park in Madhya Pradesh.

With this, NTPC has gained 4.4-gigawatt capacity via tariff-based competitive bidding.

Shri Shivraj Singh Chauhan granted the letter of award on Wednesday to Shajapur, Agar and Neemuch Solar Park with a 1500 MW capacity at Bhopal. State discoms and Railways will acquire power from these plants.

NTPC intends to reach 60 GW of renewable energy capacity by 2032 from the present 4GW and fund Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032.

NTPC Group recorded a $1.85 billion net profit in FY21. It has also declared its objective of a 10% decrease in net energy intensity as part of its energy compact aims. The public sector unit has an established capacity of about 67 GW across 70 power plants and 18 GW under construction.

The state-owned power major green energy drive is part of the government’s playbook, with India’s solar and wind production reported at an all-time high of 43.1 GW on 27 July.

India has crossed the 100 GW milestone of established renewable energy capacity.

Image Source


Also read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

On Wednesday, NTPC Renewable Energy Limited (NTPC REL) told the media that it has obtained a Letter of Award (LoA) for installing 325 MW solar energy plants at Shajapur Solar Park in Madhya Pradesh. NTPC REL has obtained a 105 MW capacity of Rs 2.35 per unit and a 220 MW capacity of Rs 2.33 per unit in the Rewa Ultra Mega Solar’s auction for 450 MW of solar plants at Shajapur Solar Park in Madhya Pradesh. With this, NTPC has gained 4.4-gigawatt capacity via tariff-based competitive bidding. Shri Shivraj Singh Chauhan granted the letter of award on Wednesday to Shajapur, Agar and Neemuch Solar Park with a 1500 MW capacity at Bhopal. State discoms and Railways will acquire power from these plants. NTPC intends to reach 60 GW of renewable energy capacity by 2032 from the present 4GW and fund Rs 1 trillion between 2019 and 2024 to become a 130 GW power generator by 2032. NTPC Group recorded a $1.85 billion net profit in FY21. It has also declared its objective of a 10% decrease in net energy intensity as part of its energy compact aims. The public sector unit has an established capacity of about 67 GW across 70 power plants and 18 GW under construction. The state-owned power major green energy drive is part of the government’s playbook, with India’s solar and wind production reported at an all-time high of 43.1 GW on 27 July. India has crossed the 100 GW milestone of established renewable energy capacity. Image Source Also read: India's solar capacity rose to 251% with 4,578 MW installations in 1H

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?