Rajasthan Invite Bids for Solar Projects Under KUSUM Program

04 Jul 2023 CW Team

Under Component C of the Pradhan Mantri Kisan Uria Suraksha evam Utthaan Mahabhiyan (PM- KUSUM) programme, Jodhpur Vidyut Vitran Nigam (JDVVNL) has issued an invitation for bids for the installation and commissioning of 55.72 MW of grid-connected solar power projects in the subdivisions of Baori, Mathania, Osian, and Tinwari of Jodhpur Circle.

The projects will be created using the RESCO concept, or renewable energy service company. The deadline for submitting online bids is July 31, 2023. On August 2, bids will be accepted. As an earnest money deposit, bidders must provide $100,000 (or $1,218)/MW of the quoted capacity. The winning bidder shall provide as a performance bank guarantee an amount equal to 500,000 (or $6,091/MW) of the allocated capacity.

The project will likely cost #35 million (about $426,328) MW. The power purchase agreement (PPA) must be signed and the project must be finished in nine months.

Within seven days of providing the performance bank guarantee, the selected bidder and the Rajasthan Urja Vikas Nigam will execute a PPA for 25 years at the levelized tariff.

To reduce technical risk and ensure timely project commissioning, only commercially established and functional technologies may be used.

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..