Rays Power Infra Wins Rs 19.12 Bn Renewable Energy Project

21 Jan 2026 CW Team

The project will be executed under Rays Power Infra’s co-development business model. Under this framework, the company will undertake land acquisition, secure interstate transmission system (ISTS) connectivity and carry out complete engineering, procurement and construction (EPC) works. The project is planned to be developed in one of the company’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.

According to the company, solar modules for the project will be assembled using cells sourced from its upcoming solar cell manufacturing facility in Madhya Pradesh. The facility is being developed through its subsidiary, Rays Green Energy, and is expected to strengthen backward integration while supporting domestic manufacturing under India’s renewable energy push.

Rays Power Infra provides utility-scale renewable energy solutions, primarily focused on solar power, and operates through both co-development and EPC business models. Under the co-development approach, the company aggregates land, secures grid connectivity—interstate or intrastate as required—and assists with approvals such as connectivity permissions, bay allocation, captive arrangements and power purchase agreements (PPAs). These projects are housed in special purpose vehicles (SPVs), which are later transferred to customers, followed by EPC execution and operations and maintenance (O&M) services as per contractual terms.

The company currently has a diversified renewable energy portfolio of around 11,665 MWp, spanning solar, wind and hybrid projects. As of July 31, 2025, Rays Power Infra had commissioned 1,771 MWp, with 4,029.43 MWp under contract, 3,565 MWp under development and about 2,300 MWp at advanced stages of development across 13 states and one Union Territory.

Rays Power Infra has also filed a draft red herring prospectus with the Securities and Exchange Board of India for a proposed initial public offering, subject to regulatory approvals and market conditions.

News source: PV Magazine

Rays Power Infra has secured a 300 MW renewable energy project valued at Rs 19.12 billion from a state-owned company, strengthening its position in India’s utility-scale clean energy sector. With this latest order, the company’s total order book has crossed Rs 80 billion.The project will be executed under Rays Power Infra’s co-development business model. Under this framework, the company will undertake land acquisition, secure interstate transmission system (ISTS) connectivity and carry out complete engineering, procurement and construction (EPC) works. The project is planned to be developed in one of the company’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.According to the company, solar modules for the project will be assembled using cells sourced from its upcoming solar cell manufacturing facility in Madhya Pradesh. The facility is being developed through its subsidiary, Rays Green Energy, and is expected to strengthen backward integration while supporting domestic manufacturing under India’s renewable energy push.Rays Power Infra provides utility-scale renewable energy solutions, primarily focused on solar power, and operates through both co-development and EPC business models. Under the co-development approach, the company aggregates land, secures grid connectivity—interstate or intrastate as required—and assists with approvals such as connectivity permissions, bay allocation, captive arrangements and power purchase agreements (PPAs). These projects are housed in special purpose vehicles (SPVs), which are later transferred to customers, followed by EPC execution and operations and maintenance (O&M) services as per contractual terms.The company currently has a diversified renewable energy portfolio of around 11,665 MWp, spanning solar, wind and hybrid projects. As of July 31, 2025, Rays Power Infra had commissioned 1,771 MWp, with 4,029.43 MWp under contract, 3,565 MWp under development and about 2,300 MWp at advanced stages of development across 13 states and one Union Territory.Rays Power Infra has also filed a draft red herring prospectus with the Securities and Exchange Board of India for a proposed initial public offering, subject to regulatory approvals and market conditions.News source: PV Magazine

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..