Punjab Mandi Board Floats Tender for 9.6 MW Rooftop Solar Projects

07 Jan 2025 CW Team

The Punjab Mandi Board has issued nine tenders for a total of 9.6 MW grid-connected rooftop solar projects in Punjab. The scope of work includes supplying, installing, testing, and commissioning on-grid rooftop solar power projects at various locations. The project must be completed within two months. Bidders are required to submit one bid for each project or work package.They must have a minimum annual financial turnover of 40% of the estimated work cost in the last three financial years. Bidders must have completed at least one of the following works in the past five financial years: • One similar work with a value of no less than 80% of the estimated cost • Two similar works, each with a value of no less than 50% of the estimated cost • Three similar works, each with a value of no less than 40% of the estimated cost Bidders must also provide an undertaking to invest at least 25% of the contract value during the project’s implementation. 0.610 MW Tender The deadline for submitting bids is January 15, 2025, and bids will be opened on the same day. The scope of work includes setting up rooftop solar projects in the Patiala, Malerkotla, and SAS Nagar districts. Bidders must have completed at least one of the following works in the last five financial years: • One similar work valued at a minimum of ?41.77 million (~$486,942) • Two similar works, each with a value of at least ?26.1 million (~$304,266) • Three similar works, each with a value of at least ?20.88 million (~$243,413) 0.659 MW Tender The deadline for submitting bids is January 15, 2025, and bids will be opened on the same day. The scope of work includes setting up rooftop solar projects in the Sangrur and Ludhiana districts. Bidders must have completed at least one of the following works in the last five financial years: • One similar work with a value of at least ?39.47 million (~$460,129) • Two similar works, each with a value of at least ?24.67 million (~$287,595) • Three similar works, each with a value of at least ?19.73 million (~$230,006) 0.689 MW Tender The deadline for submitting bids is January 15, 2025, and bids will be opened on the same day.

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..