Power Mech secures Rs 1.1 billion O&M contract from Dangote

09 Aug 2024 CW Team

Power Mech Projects has secured an operation and maintenance (O&M) contract worth Rs 1.1 billion from Dangote Petroleum Refinery & Petrochemical FZE in Nigeria. The contract encompasses the O&M of a 400 MW captive power plant and related utilities at the Dangote Refinery. The project will span 24 months. Power Mech Projects, an engineering and construction firm, specializes in the integrated service of erection, testing, commissioning (ETC) of boilers, turbines, generators, balance of plant (BOP), civil works, and O&M. Following the announcement, the company's shares rose by 0.26%, trading at Rs 5750.90 on the BSE. (Business Standard)

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

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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..