Rajasthan Invites Bids for 2,450 MW Solar Project with BESS

20 Jan 2026 CW Team

Rajasthan has recently floated a tender for the development of a 2,450 MW solar power project integrated with 6,400 MWh of battery energy storage systems (BESS), marking one of the largest renewable-plus-storage initiatives in the country. The project is aimed at strengthening grid stability while supporting the state’s growing renewable energy capacity.

The tender seeks developers capable of setting up grid-scale solar generation along with standalone battery storage to enable reliable power supply during peak demand hours. The integrated storage component is expected to enhance flexibility in power dispatch and support round-the-clock renewable energy availability.

The initiative aligns with Rajasthan’s long-term clean energy roadmap and India’s broader transition towards low-carbon power systems. With abundant solar resources and rising electricity demand, the project is expected to attract strong interest from domestic and international renewable energy players.

Infrastructure Urban

11 May 2026

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..

R Systems Posts Nearly Thirty Per Cent Revenue Growth In Q1 2026

R Systems International Limited (R Systems) reported consolidated revenue of Rs 5,748 million (mn) for the quarter ended March 31, 2026, representing year-on-year growth of 29.9 per cent in rupee terms and 22.9 per cent in US dollar terms. Adjusted EBITDA was Rs 1,157 mn, or 20.1 per cent of revenue, and adjusted net profit after tax was Rs 758 mn, indicating margin expansion. Results reflected full-quarter consolidation of Novigo, which management said strengthened revenue and margins. Executives said the quarter reflected accelerating demand as mid-market enterprises moved from AI pilots to ..