Param Renewable bags IOCL’s 5 MW solar project

29 Jun 2023 CW Team

Gujarat-based Param Renewable Energy, the operation and maintenance (O&M) arm of Gensol, has been awarded a contract by the Indian Oil Corporation (IOCL) for the O&M of a 5 MW solar power project located at IOCL’s Rawra facility in the Jodhpur district of Rajasthan for three years.

Param Renewable quoted a figure of Rs 14.72 million for the O&M contract for three years. The tender was floated in March this year IOCL. The tender received technical bids from nine companies, of which only two qualified for financial evaluation, and the contract was awarded to Param Renewable Energy.

Shri Sai Electrical was the other company that qualified for the financial round. Param Renewable will be responsible for all types of preventive, scheduled, and breakdown maintenance with the objective of maximizing electricity generation.

The company must ensure a minimum performance ratio of 76%, subject to 99.6% grid availability. An initial security deposit of Rs 124,800 ($1,522) must be submitted by the company within 30 days from the issuance of the letter of acceptance.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..