PFC Consulting invites bids for transmission systems in Solapur SEZ
POWER & RENEWABLE ENERGY

PFC Consulting invites bids for transmission systems in Solapur SEZ

PFC Consulting has issued an invitation for bids to construct an interstate transmission system for the purpose of evacuating 1,500 MW of power generated from renewable energy projects in the Solapur special economic zone of Maharashtra. The project will follow a build, own, operate, and transfer model. Interested parties are required to submit their bids online by August 28, 2023, which is also the date of bid opening. Upon being awarded the contract, the chosen bidder, representing the transmission service provider, must provide a contract performance guarantee of Rs 150 million ($1.83 million) within ten days of receiving the letter of intent.

PFC Consulting has issued an invitation for bids to construct an interstate transmission system for the purpose of evacuating 1,500 MW of power generated from renewable energy projects in the Solapur special economic zone of Maharashtra. The project will follow a build, own, operate, and transfer model. Interested parties are required to submit their bids online by August 28, 2023, which is also the date of bid opening. Upon being awarded the contract, the chosen bidder, representing the transmission service provider, must provide a contract performance guarantee of Rs 150 million ($1.83 million) within ten days of receiving the letter of intent.

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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..

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Infrastructure Urban

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..

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Infrastructure Energy

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..

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