PGCIL Secures 5.5 GW ISTS Project

23 Sep 2024 CW Team

Power Grid Corporation of India (PGCIL) has successfully won an inter-state transmission system (ISTS) project to evacuate 5.5 GW of renewable energy from the Jaisalmer/Barmer Complex. This project is part of a tariff-based competitive bidding process conducted by REC Power Development and Consultancy (RECPDCL), aimed at establishing a comprehensive transmission system for Rajasthan’s Renewable Energy Zone (REZ) Phase IV.

The project entails the construction of a new 765/400/220 kV substation at Kurawar, along with the development of 765 kV and 400 kV double-circuit transmission lines. Additional works will include bay extensions at existing substations in Madhya Pradesh, facilitating the efficient evacuation of renewable energy.

The Ministry of New and Renewable Energy and the Solar Energy Corporation of India have identified renewable energy zones across eight states, targeting a total capacity of 181.5 GW by 2030. Within this framework, Rajasthan alone holds significant potential with 75 GW, comprising 15 GW from wind and 60 GW from solar sources.

A robust transmission program has been devised to support the evacuation of this renewable energy capacity, including the 5.5 GW project from the Jaisalmer/Barmer Complex. Recently, PGCIL was also selected to develop an ISTS project aimed at enhancing the transformation capacity of the Jam Khambhaliya Power Station in Gujarat.

In addition, RECPDCL transferred the Bhadla-III Power Transmission project to PGCIL, valued at Rs.64.2 million (~$765,151), which involves creating an additional 20 GW transmission system for the Bhadla-III PS.

PGCIL continues to play a pivotal role in India's energy landscape, with ongoing projects and initiatives designed to bolster the country’s renewable energy infrastructure and transmission capabilities.

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..