Oswal Pumps Wins Rs 4.42 Billion Solar Pump Order in Maharashtra

18 Aug 2025 CW Team

Oswal Pumps has secured an order worth Rs 4.42 billion from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply, installation, testing, and commissioning of 14,787 solar water pumping systems across the state.

The order, awarded under the PM-KUSUM B Scheme/Magel Tyala Saur Krushi Pump Yojana, includes off-grid direct current pumping systems at identified farmers’ sites. The letter of award is valid for one year, with installations to be completed within 60 days of the issuance of work orders or necessary approvals.

Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme aims to promote renewable energy in agriculture. The programme includes three components—Component A for 10,000 MW of small solar power plants, Component B for 14 lakh standalone solar-powered agriculture pumps, and Component C for 35 lakh grid-connected solarised agriculture pumps. Initially targeted for completion by 2022, the scheme has been extended until March 2026 due to pandemic-related delays.

News source: Business Standard

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..