Power Mech Projects Secures Rs 5.10 bn Order from Adani Power

03 Dec 2024 CW Team

Power Mech Projects made an official announcement regarding the receipt of a significant order from Adani Power. The order, valued at Rs 5.10 billion (excluding GST), pertains to mechanical construction work for a major thermal power project. Specifically, the work is to be executed at the Raipur Phase-II Ultra Supercritical Thermal Power Project, located in Chhattisgarh, which is part of Adani Power’s large-scale energy infrastructure development.

According to the company’s filing with the stock exchange, the order involves the performance of mechanical construction works for the 2x800 MW Raipur Phase-II project. This marks a major development for Power Mech Projects as it expands its portfolio of projects within the energy sector. The company has set an ambitious target to complete the construction work within a timeline of 34 months, demonstrating its commitment to efficiency and timely delivery.

This order is expected to further strengthen Power Mech Projects' relationship with Adani Power, marking a key milestone in their on-going collaboration on critical infrastructure projects in the power generation sector.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..